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NEW YORK and Mumbai, India, February 15, 2021 / PRNewswire / – Tata Consultancy Services (TCS) (BSE: 532540, NSE: TCS), a leading global information technology services, consulting, and business solutions organization, released the results of its global survey, which found that more than 70% of CXO’s global companies view mainframe or legacy modernization as a strategic business priority for the next three years.

The study, carried out in collaboration with AWS, interviewed 211 CXOs and high-level decision-makers from companies that currently have legacy or mainframe applications. Notable trends are highlighted in how companies see the future of legacy and mainframe applications in their digital transformation, bottlenecks and challenges in migrating these applications, and the preference for microservices-based technologies. The main findings of the report include:

• Over two-thirds of respondents use mainframe or legacy applications for core business processes and over 60% for customer-facing functions.

• The three biggest challenges with legacy systems were integration with new applications (61%), lack of business agility (57%) and security risks (55%).

• The main barriers to migrating legacy systems to the cloud were concerns about security (44%), disruption (37%), and reliability (33%).

• Greater flexibility in responding to market demands (45%) is a key business goal to drive legacy modernizations, followed by improvement in application performance / responsiveness (41%), as well as improvement in availability / disaster recovery and improvement in compliance / security (each 38%).

• Re-engineering / refurbishment (33%) is the most preferred approach to modernizing legacy equipment, followed by lifting and moving (20%), maintaining and optimizing (19%) and refactor (9%).

• Most of the companies that responded to the survey currently (64%) or plan (22%) to use tools to partially or fully automate their modernization.

“The survey strengthens our own experience with customers in various industries and markets. They make legacy and mainframe modernization a top priority in their digital transformation programs, especially during the pandemic. Companies are looking for partners who can help mitigate the risks of Reduce disruptions and disruptions Deliver high quality results with faster time to market. Having TCS ‘extensive contextual knowledge, strategic focus on the cloud, end-to-end modernization services based on intelligent automation products like TCS MasterCraft ™ TransformPlus, organizational design and important partnerships with hyperscalers made us the preferred partner in their cloud migration trips, “he said Vijayalakshmi Gopal, General Manager, TCS MasterCraft.

The survey, conducted by IDG Research, interviewed respondents with a title of Director or higher from companies in a variety of industries, ranging from medium-sized (1,000+ employees) to large (10,000+ employees). Read the full report here: https://mastercraft.tcsapps.com/transformplus-survey-Mainframe-Modernization-Trends

About TCS MasterCraft ™

TCS MasterCraft ™ is the suite of intelligent automation products from TCS that optimize the provision of IT services. The suite includes three products, namely TCS MasterCraft DevPlus (for continuous management of the delivery lifecycle), TCS MasterCraft TransformPlus (for analysis, modernization and development of applications) and TCS MasterCraft DataPlus (for data protection and the quality of companies). The products are used by more than 200 customers in more than 780 unique projects. The products are the result of years of investment in research and development in automation and experience in delivering various service delivery projects over the years.

Visit us at https://mastercraft.tcsapps.com/ for more information.

About Tata Consultancy Services Ltd. (TCS)

Tata Consultancy Services is an IT services, consulting and business solutions organization that has worked with many of the world’s largest companies on their transformation journeys for over 50 years. TCS offers an advisory, cognitively driven, integrated portfolio of services and solutions for business, technology and engineering. This is achieved through its unique location-independent agility™ Deployment model recognized as the benchmark for excellence in software development.

Part of the Tata group, India TCS is the largest multinational group of companies with 469,000 of the world’s best trained consultants in 46 countries. The company had consolidated sales in the United States $ 22 billion in the past fiscal year March 31, 2020and is listed on the BSE (formerly Bombay Stock Exchange) and the NSE (National Stock Exchange) India. TCS ‘proactive stance on climate change and award-winning collaboration with communities around the world have made it a place in leading sustainability indices such as the Dow Jones Sustainability Index (DJSI), the MSCI Global Sustainability Index and the FTSE4Good Emerging Index. Further information is available at www.tcs.com.

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SOURCE Tata Consultancy Services

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