“Legacy systems” like mainframes and midrange systems are common in well-established companies who have been building their markets and brands for decades. Emerging tech companies are forcing established enterprises to more closely monitor their competitiveness and find new ways to address longstanding technical challenges.
Using technological innovation, new players in almost every industry are finding new revenue sources in avenues that the established enterprises have less incentive to exploit. By streamlining and automating processes, these new companies can squeeze out savings and efficiency that the larger enterprises cannot match.