Core Insights - The mainframe is being redefined as a critical component in hybrid IT environments, with organizations adopting modernization strategies that leverage AI to enhance efficiency and drive innovation [1][4] - A significant shift in mainframe modernization strategies has been observed, with 80% of organizations adapting to new market dynamics and technologies over the past year [2][4] Financial Impact - Modernization projects have seen a decrease in costs while ROI has increased, with reported returns ranging from 288% to 362% depending on the modernization approach [2] - Organizations anticipate saving $13 billion and generating $20 billion in new revenues through the implementation of AI and generative AI over the next three years [3] Workforce and Skills - There is a notable skills gap, with 70% of organizations struggling to find talent proficient in both mainframe and emerging technologies, leading to a reliance on third-party providers for support [4] - Over half of the organizations (56%) have increased their usage of mainframe platforms as they identify new high-value roles within hybrid environments [3][4] Regulatory and Security Considerations - Modernization plans are heavily influenced by regulatory compliance, with 94% of respondents indicating that security remains a foundational concern in their modernization decisions [4]
Kyndryl Survey Reveals That Mainframe Modernization Projects Deliver 2-3X Return on Investment