Banks will only become willing to pay after experiencing expensive, massive disasters like what JPMorgan is experiencing. Maybe. Migrating and/or killing larg

Banks will only become willing to pay after experiencing expensive, massive disasters like what JPMorgan is experiencing. Maybe. Migrating and/or killing large legacy enterprise applications is monstrously expensive, so the decision makers often decide against it. Relatively speaking, there haven't been enough very large companies that have been burned by that sort of decision, so executives at these companies (and the government) are less likely to see how badly it can go. Then there's the very real challenge of justifying a big IT spend on retiring legacy applications to the shareholders. And the high chances of large enterprise IT projects going wildly over budget. As much as we like to point the finger at the c-suite guys who keep doubling down on technical debt until there's a disaster, it's not an easy to make the case for paying to fix the problem. At least not until there are plenty of negative case studies out there like this one.