20,000 Mainframes Headed for Cloud?

The Big Themes:• The Baby Boomers are retiring: Further accelerating the need to deal with mainframes.• FinTech as an example: Old brick and mortar banks and investment firms have had mainframes for 40 years, but those workhorses can’t handle fast-changing world of digital finance.• You’d better get that project right: We always tell our CIOs, "When you successfully move your mainframe to the cloud, you're going to end up in the CEO's office." Unfortunately, the opposite is also true!The Big Quotes:“I would think there's about 20,000 mainframes left in existence spread over 5,500 customers.”“We call them unicorns—the COBOL, CICS, DB2, deep technical experts—and they will retire before the mainframes are migrated.”“So, we want to pass that comfort level on and share it with our new customers to say, ‘Yeah, there are going to be things that'll be difficult. We'll get there together.’”