Ethan Mollick says AI is cutting costs of legacy software migrations

Ethan Mollick says the market for migrating legacy software systems has been limited to about $30B a year because migrations are costly and keeping old systems running is easier.

Based on talks with older firms, he says AI is unlocking a backlog of scoped migration projects that are cheaper and moving faster than expected. The report is a single post from Mollick, with no figures on project costs, volumes, or completed migrations.