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Mainframe business critical and India a vital cog: IBM's Ric Lewis

While many consider it a legacy technology, and perhaps no longer at the forefront of today's technology conversations, it remains indispensable to innovation in enterprise businesses

Ric Lewis, senior vice-president of IBM
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Indian engineers have been instrumental in the development of IBM’s Telum II processor, which powers the company’s latest mainframe, the Z17, as well as the Spyre accelerator.

Avik Das Bengaluru
India plays a crucial role in modernising IBM’s mainframes, which form the backbone of some of the most critical applications in industries such as banking, airlines, retail, and government.
 
While many consider it a legacy technology, and perhaps no longer at the forefront of today's technology conversations, it remains indispensable to innovation in enterprise businesses.
 
According to a recent report from the IBM Institute for Business Value, 43 of the world’s top 50 banks and 8 of the top 10 payment companies rely on mainframes as their core platform. In fact, 70-80% of the world’s transaction data still resides on