CIOs at banks have long adhered to a version of the Hippocratic Oath: “Do no harm. Don’t touch that thing. It’s working,” said Michael Abbott, senior managing director and global banking lead for consulting firm Accenture.
Mainframe computers had been the beneficiaries of that tenet until recently, but that appears to be changing, according to recent research by Accenture. The report found a significant shift in the dominant thinking about migration away from mainframes and to the cloud within the banking sector.