Displaying items by tag: IT debt

Micro Focus® (LSE.MCRO.L), the leading provider of enterprise application modernization, testing and management solutions, today launched the latest version of its Modernization Workbench, a platform that helps companies gain key insight into the complex structure and interrelationships of their applications and hidden cost traps in their application portfolios. This latest version will help organizations decrease their 'IT debt,' or the cost associated with delaying applications' maintenance due to IT budget cuts. According to Gartner, Inc.,1 'IT debt is estimated to be $500 billion, with the potential to grow to $1 trillion by 2015.' This staggering figure demonstrates the need for CIOs to ensure they have complete visibility into the reality of their applications. The new Micro Focus Modernization Workbench Version 3.2 is designed to help IT departments easily perform sophisticated analytics to help determine enterprise application behaviour and structure, giving CIOs full visibility into the value, cost and risk of the applications that are driving their business.