FPT calls for urgent legacy system modernization at Techday 2024

On December 4, 2024, FPT Corporation hosted the FPT Techday 2024 event which brought together more than 600 global business leaders, along with thousands of technology experts and enthusiasts. During this event, Pham Minh Tuan, the Executive Vice President of FPT Corporation and CEO of FPT Software, highlighted the significant reliance of many enterprises on outdated legacy systems that form the operational backbone of established businesses. He discussed the challenges associated with maintaining these systems, which require around 500,000 developers each day. These legacy systems not only lead to high operational costs but also pose risks of errors, security vulnerabilities, and lack of flexibility, necessitating a comprehensive modernization approach. Tuan outlined that FPT Corporation is committed to leveraging artificial intelligence (AI) to address these legacy system challenges more efficiently. By integrating cutting-edge AI technologies into their modernization processes, they aim to provide clients with a precise understanding of their systems while ensuring the output of the modernized solutions is consistent with the legacy formats. FPT has developed various AI-powered tools like EMT (Engineering Platform and Modernization Technologies), xMainframe, and CodeVista, designed to expedite the modernization process. For example, using xMainframe, FPT reported a 30% reduction in the time required for project onboarding, maintaining a remarkable 90% accuracy rate. Tuan also shared a specific success story about how automation capabilities were enhanced, allowing the frequency of data processing to shift from monthly to weekly, drastically improving operational efficiency. FPT's investment in AI tools not only simplifies onboarding for new team members but also significantly boosts productivity among developers. The implementation of CodeVista, for instance, helped in the generation of approximately 1.5 million lines of code over the past year, equating to a savings of around 6,000 man-months in real project scenarios, underlining the efficiency of AI integration. FPT aims to empower its global partners to navigate the daunting landscape of legacy system modernization confidently. By supporting businesses in creating more realistic modernization plans and enhancing operational agility, FPT seeks to bolster client confidence in their transformation journeys. The event was instrumental in framing the narrative around technology-driven modernization and the essential role AI plays in making processes more efficient and reliable. With the commitment demonstrated by FPT, there is a clear indication that modern enterprises should prioritize updating their legacy systems to stay competitive and resilient in a rapidly evolving technological landscape.