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How EY can help
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Harnessing the power of generative AI carries both risk and reward. EY teams are enabling clients to create holistic strategies and operating models.
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The potential for GenAI
Previously, machine learning (ML) was a specialized branch of AI that allowed data scientists to create predictive models for business use. GenAI is an emerging branch of AI that democratized the development and deployment of AI capabilities over a common set of APIs that any software engineer can understand and leverage. These new GenAI models have lowered the barrier to adopt this technology and broadened potential use cases and GenAI’s potential impact.
Early GenAI models were large language models (LLMs) trained on extensive text data sets. LLMs can comprehend language, predict likely sequences of words and generate new text. However, the applications for GenAI have exploded beyond these early use cases. One significant area of recent interest has been the adoption of GenAI in software development.
GenAI can be applied as easily in the development of standardized user stories as in code development, code review and test generation. At the moment, humans still need to verify and validate the outputs of GenAI, but there is potential for GenAI to significantly reduce time and costs associated with software development.
Current challenges with mainframe modernization and cloud migration initiatives
Mainframe systems have been the backbone of many enterprises for decades, providing reliable, secure and scalable performance for mission-critical applications. However, as the world shifts to a more digital, cloud-based and agile environment, legacy mainframes face several challenges that hinder their ability to meet the evolving needs and expectations of customers, partners and regulators.
To address the dynamic IT landscape, mainframe modernization and cloud migration have been frequent initiatives and investments among enterprises year after year. Unfortunately, these projects are frequently complex and expensive. While fully operating in the cloud is the goal for many enterprises, the path may be long and may require significant and specialized labor to achieve.