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Business Wire
08-07-2025
- Business
- Business Wire
vFunction Introduces GenAI-Powered Architectural Intelligence for Code Assistants to Accelerate Application Modernization as Part of Cloud Migrations
MENLO PARK, Calif.--(BUSINESS WIRE)-- vFunction, the pioneer of AI-driven architectural observability and modernization, today announced the industry's first GenAI-powered capabilities to refactor and rearchitect applications. Unlike other code generation tools, vFunction leverages a unique combination of static and dynamic analysis with its own proprietary data science to efficiently remediate architectural technical debt, streamline refactoring, and enable service transformation for faster, more efficient modernization. This latest release brings vFunction's architectural context to any GenAI assistant, including native integrations with Amazon Q Developer and GitHub Copilot to guide developers through automated architectural modernization and GenAI-powered service transformation. With these new capabilities, developers can seamlessly remove dependencies, increase modularity, convert outdated patterns, extract services, and support adding APIs for agentic integration and transformation. Engineers can achieve faster, more consistent architectural modernization directly from their integrated development environment (IDEs) and command line. vFunction's GenAI is enriched with deep architectural knowledge that is aware of semantic structures like context, components, and logical domains, enabling code assistants to address system-wide architectural challenges with complete architectural awareness, rather than just isolated code modifications. Unique to vFunction is its ability to generate insights and context based on the combination of static analysis, dynamic analysis, and proprietary data science that identifies optimal application domains—information that no other platform can provide. By bringing architectural intelligence into developers' workflows, vFunction accelerates application modernization, helping organizations move beyond lift-and-shift to fully maximize their cloud investments. 'With these new advancements, teams can surface and resolve architectural debt, and transform their apps to cloud-native, with unprecedented speed through autonomous modernization,' said Amir Rapson, CTO and co-founder of vFunction. 'From eliminating circular dependencies to refactoring 'god classes', developers can now simplify refactoring and modernization, accelerate delivery, and optimize architecture for the cloud.' First GenAI Platform for Automated Code Refactoring with Architectural Intelligence According to the 2024 Stack Overflow Developer Survey, 76% of developers are using or plan to use AI tools in their development process. However, until now, GenAI in software development has been limited to generating new code snippets or automating repetitive tasks. vFunction shifts that paradigm by enabling GenAI to automatically refactor code with architectural awareness, solving structural issues with context-aware knowledge rather than just syntax suggestions. Developed by AI experts and trained on real customer applications, vFunction's optimized prompts are enriched with architectural context to ensure consistent, predictable results, solving the common challenge of AI assistants producing varying outputs. One of the ways vFunction is addressing GenAI-based refactoring is with its new MCP server, connecting vFunction's architectural observability engine with modern developer environments. It enables developers to query architectural issues, generate GenAI prompts, and kick off remediation—all from the command line. With optimized support for Amazon Q Developer and GitHub Copilot, developers can use their preferred assistants to resolve architectural issues using prompts enriched with real-time architectural data. This closes the divide between architects and developers, making the architectural vision executable within native workflows. The various architectural-issues found by vFunction during its observation of the application now come with a GenAI method of addressing them, including: removing dead code and dependencies that are unneeded in certain contexts; refactoring out domain dependencies and calls between domains; refactoring design patterns of utility classes depending on core business logic; simplifying, splitting and re-architecting god classes; refactoring out circular flows between domains that affect resiliency and scalability; and splitting overgrown classes that are used differently by several domains. 'We're turning architectural observability into action,' said Rapson. 'Instead of just showing teams what's wrong with their applications, we're giving them AI-powered tools to fix these problems automatically. This bridges the gap between identifying architectural issues and resolving them to accelerate cloud modernization by orders of magnitude, taking the modernization process from months to days.' About vFunction vFunction, the pioneer of AI-driven architectural observability and modernization, delivers a platform that leverages code assistants to resolve architectural technical debt — accelerating cloud modernization, boosting quality, scalability, and engineering velocity. Global system integrators and top cloud providers partner with vFunction to help leading companies like Intesa Sanpaolo and Trend Micro discover their architecture and transform applications—accelerating innovation and amplifying business impact. vFunction is headquartered in Menlo Park, CA, with offices in Israel, London and Austin, TX. To learn more, visit
Time of India
22-06-2025
- Business
- Time of India
With AI on the rise, developer rates decline
Bengaluru: The 2025 Accelerance Global Software Outsourcing Trends and Rates Guide showed a global decline in software developer hourly rates, with decreases ranging from 9% to 16% across many regions. Tired of too many ads? go ad free now Latin America is the notable exception, where rates have remained steady. The report highlighted harder client negotiations, off-rate card deals, and cost takeout deals increasingly being offered by outsourcing partners to get projects over the line. Developer hourly rates declined across several key regions, with Eastern Europe seeing a 9% drop, and both South Asia and Southeast Asia experiencing steeper reductions of 16%. The 2025 edition of the report reviews data from 2024, comparing it to 2023 figures. It analyses median pricing across all software development roles, based on the latest survey results. This downward trend highlights a softening demand environment, driven by restrained enterprise IT budgets and increased discounting by software development firms competing for limited business in a crowded market. Peter Bendor-Samuel, founder and chairman of the Everest Group, said, "Over the last month, we are seeing much more aggressive pricing shifts than these as firms seek to capture the benefits of AI and are using AI aggressively with their internal teams, reducing the need for external support. The reason that Latin American rates are holding up is that in the new AI-driven apps world, time zone proximity is increasingly important, and we are seeing that translate into higher productivity, which in turn allows for higher or at least sustained rates. " Ray Wang, chief executive of Constellation Research, said AI has driven down the cost of software development. "In fact, we just saw a new firm, Soul of the Machine, headed by the legendary Sunil Karkera, beat out a major who bid a project with over 100 people and a 12-month timeline. Tired of too many ads? go ad free now He won a bid with less than 10 people in half the time. This is AI native scale." About 50% of Accelerance's respondents anticipate raising their rates by 1% to 5% within the next six months. This signals a departure from the double-digit growth in developer rates that defined the pandemic years. While inflation and ongoing shortages in high-demand tech roles will continue to drive price increases for some specialised skills, outsourcing providers are also offering more discounts and off-rate card deals. The integration of AI is reshaping various aspects of the software development lifecycle. Last year, Amazon CEO Andy Jassy announced a demonstration of the tangible value of the Amazon Q Developer agent for code transformation. With its help, Amazon successfully migrated tens of thousands of production applications from Java 8 or 11 to Java 17. This effort saved more than 4,500 years of manual development work across over a thousand developers and delivered performance gains amounting to $260 million in annual cost savings—underscoring the powerful impact of AI-assisted modernisation at scale. AI will play a much larger role in software development, with estimates suggesting that up to 70% to 90% of development tasks could be AI-driven by 2025 to 2027. Phil Fersht, CEO of HfS Research, said, "Our research shows 83% of US enterprises are increasing their investments in automation and AI because of the current tariffs and geopolitical instability." He said, "The market didn't twitch last Monday after Israel's attack on Iran, but I wonder what they will do on Monday, especially now the Strait of Hormuz is closed. . Trump's 90-day window on tariffs is also about to close with no real deals anywhere, and traditional 'big deals' business is very slow now in our industry."
Yahoo
13-05-2025
- Business
- Yahoo
Enterprises eye AI assistants to modernize systems
This story was originally published on CIO Dive. To receive daily news and insights, subscribe to our free daily CIO Dive newsletter. Enterprises are turning to generative AI tools to drive modernization and cut through technical debt, according to Publicis Sapient. The digital consulting firm commissioned HFS Research to survey more than 600 IT and business leaders for a report published Thursday. Four in 5 respondents expect generative AI coding assistants to help them break free from managing outdated systems by documenting legacy applications, rewriting old code and automating software testing, the report found. Technical debt is an expensive headache, accounting for $1.5 trillion to $2 trillion in spending among Global 2000 companies, according to HFS Research. 'Tech debt isn't just a weight — it's a ticking time bomb that's threatening the future of global enterprises,' the firm's Chief Analyst and CEO Phil Fersht said in the report. As coding assistants rose to the top of a heap of generative AI use cases with ROI potential, vendors mobilized to deploy tools trained to decipher and refactor decades-old applications. IBM taught watsonx more than 100 programming languages and trained its open model to translate COBOL applications into Java. AWS trained its AI assistant, Amazon Q Developer, to build applications and set the tool loose on mainframe modernization last year. As cloud and enterprise software vendors rolled out similar capabilities, banking became a proving ground for the technology, according to Accenture. Goldman Sachs saw its army of 12,000 developers achieve efficiency gains of roughly 20% with GitHub Copilot, the company's CIO Marco Argenti told CIO Dive last month. Bank of America and Citigroup saw similar returns on AI investments. Enterprises across industries can cut years off of modernization initiatives by harnessing the technology, according to Sheldon Monteiro, Publicis Sapient EVP and chief product officer. 'AI really is a jackhammer,' Monteiro said in an interview. 'CIOs need to be thinking about this in terms of some pretty major concrete breaking.' Publicis Sapient inked a five-year partnership with AWS to build AI-powered modernization tools in March. In addition to leveraging the hyperscaler's cloud-based services, the alliance aims to expand the reach of the Sapient Slingshot software development platform. The modernization opportunities are vast, according to HFS Research. A $1.5 trillion IT industry has grown up around servicing rather than eliminating technical debt, the firm estimates. Enterprises spend an average of nearly 30% of IT budgets maintaining legacy technologies, the report found. Yet, fewer than one-third of respondents said their organization has modernized core applications. 'Something's broken in the way clients are buying IT services and the way the service industry has been incentivized,' Monteiro said, pointing to a tendency to see staff augmentation as a means of containing technical debt. Monteiro added, 'If modernization is going to take 10 years to complete, what CIO is going to look at that with any sense that it can get done within their tenure?' Error in retrieving data Sign in to access your portfolio Error in retrieving data Error in retrieving data Error in retrieving data Error in retrieving data
Yahoo
01-05-2025
- Business
- Yahoo
Zacks Investment Ideas feature highlights: Amazon, Microsoft and Alphabet
Chicago, IL – April 30, 2025 – Today, Zacks Investment Ideas feature highlights Amazon AMZN, Microsoft MSFT and Alphabet GOOGL. Amazon's first-quarter 2025 results, scheduled to be released on May 1, are likely to reflect gains from its strengthening cloud service offerings. Amazon Web Services ('AWS') remains the crown jewel in Amazon's portfolio, with the Zacks Consensus Estimate projecting AWS sales of $29.31 billion for first-quarter 2025, indicating robust 17.1% year-over-year growth. . This performance continues to solidify AWS' position as the market leader, competing effectively against Microsoft Azure and Alphabet-owned Google Cloud. Recent industry data confirms AWS' dominant market position, with the three top cloud providers for a whopping 68% of the global cloud market in the fourth quarter of 2024, according to new data from IT market research firm Synergy. AWS strengthened its global infrastructure in the first quarter with the launch of new regions in Thailand and Mexico, representing multi-billion-dollar investments that are expected to contribute significantly to each country's GDP. The Mexico (Central) Region launch marked a $5 billion investment commitment over 15 years, while the Thailand Region similarly demonstrated Amazon's confidence in emerging markets. Inc. price-eps-surprise | Inc. Quote Click here to know how the company's overall first-quarter performance is likely to have been. The first quarter saw AWS announce several high-profile strategic collaborations. Notable partnerships include the multi-year agreement with Fitch Group to leverage Amazon Q Developer generative AI technology, which reportedly improved developer productivity by approximately 20%. AWS also expanded its long-standing relationship with Pearson to accelerate AI-powered learning solutions that will serve millions of users globally. Other significant partnerships formed during the quarter include agreements with Proximus Group to provide global cloud infrastructure, Montefiore Health System for healthcare innovation, and Mitsubishi Electric for data center solutions and digital transformation initiatives. These partnerships demonstrate AWS' versatility across financial services, education, telecommunications, healthcare, and manufacturing sectors. AWS continued to integrate AI capabilities throughout its service offerings in the first quarter. The quarter saw Amazon Ads bringing generative AI capabilities to Amazon Marketing Cloud with a new SQL Generator, enabling advertisers to develop insights faster using natural language. The company also made significant strides in implementing generative AI through Amazon Bedrock across various industries. The automotive sector emerged as a particularly strong growth area, with Honda leveraging AWS for transitioning to software-defined vehicles and improving EV charging experiences with generative AI. Similar collaborations with HERE Technologies and Valeo further demonstrate AWS' expanding footprint in the automotive space. As Amazon approaches its first-quarter 2025 earnings report, AWS' performance shows promising indicators with strong revenue growth projections and strategic expansion across multiple fronts. The continued investment in AI capabilities, strategic partnerships spanning diverse industries, and geographic expansion all position AWS to maintain its cloud dominance. However, investors should consider that while AWS remains a powerful growth engine, market expectations for continued cloud acceleration are already high. The substantial investments in new geographic regions and AI development may pressure near-term margins. These factors suggest that while AWS performance appears strong, investors might consider waiting for more clarity on profitability metrics and the return on these investments before increasing positions ahead of this Zacks Rank #3 (Hold) company's earnings report. You can see the complete list of today's Zacks #1 Rank (Strong Buy) stocks here. Since 2000, our top stock-picking strategies have blown away the S&P's +7.7% average gain per year. Amazingly, they soared with average gains of +48.4%, +50.2% and +56.7% per year. Today you can access their live picks without cost or obligation. See Stocks Free >> Media Contact Zacks Investment Research 800-767-3771 ext. 9339 support@ Past performance is no guarantee of future results. Inherent in any investment is the potential for loss. This material is being provided for informational purposes only and nothing herein constitutes investment, legal, accounting or tax advice, or a recommendation to buy, sell or hold a security. No recommendation or advice is being given as to whether any investment is suitable for a particular investor. It should not be assumed that any investments in securities, companies, sectors or markets identified and described were or will be profitable. All information is current as of the date of herein and is subject to change without notice. Any views or opinions expressed may not reflect those of the firm as a whole. Zacks Investment Research does not engage in investment banking, market making or asset management activities of any securities. These returns are from hypothetical portfolios consisting of stocks with Zacks Rank = 1 that were rebalanced monthly with zero transaction costs. These are not the returns of actual portfolios of stocks. The S&P 500 is an unmanaged index. Visit for information about the performance numbers displayed in this press release. Want the latest recommendations from Zacks Investment Research? Today, you can download 7 Best Stocks for the Next 30 Days. Click to get this free report Inc. (AMZN) : Free Stock Analysis Report Microsoft Corporation (MSFT) : Free Stock Analysis Report Alphabet Inc. (GOOGL) : Free Stock Analysis Report This article originally published on Zacks Investment Research ( Zacks Investment Research Sign in to access your portfolio
Globe and Mail
29-04-2025
- Business
- Globe and Mail
Will Strong AWS Performance Boost Amazon's Q1 Earnings Report?
Amazon 's AMZN first-quarter 2025 results, scheduled to be released on May 1, are likely to reflect gains from its strengthening cloud service offerings. Amazon Web Services ('AWS') remains the crown jewel in Amazon's portfolio, with the Zacks Consensus Estimate projecting AWS sales of $29.31 billion for first-quarter 2025, indicating robust 17.1% year-over-year growth. See the Zacks Earnings Calendar to stay ahead of market-making news. This performance continues to solidify AWS' position as the market leader, competing effectively against Microsoft MSFT Azure, Alphabet GOOGL -owned Google Cloud, and Oracle ORCL. Recent industry data confirms AWS' dominant market position, with the three top cloud providers for a whopping 68% of the global cloud market in the fourth quarter of 2024, according to new data from IT market research firm Synergy. AWS strengthened its global infrastructure in the first quarter with the launch of new regions in Thailand and Mexico, representing multi-billion-dollar investments that are expected to contribute significantly to each country's GDP. The Mexico (Central) Region launch marked a $5 billion investment commitment over 15 years, while the Thailand Region similarly demonstrated Amazon's confidence in emerging markets. Click here to know how the company's overall first-quarter performance is likely to have been. Strategic Collaborations of AWS Strengthen's AMZN's Position in Q1 The first quarter saw AWS announce several high-profile strategic collaborations. Notable partnerships include the multi-year agreement with Fitch Group to leverage Amazon Q Developer generative AI technology, which reportedly improved developer productivity by approximately 20%. AWS also expanded its long-standing relationship with Pearson to accelerate AI-powered learning solutions that will serve millions of users globally. Other significant partnerships formed during the quarter include agreements with Proximus Group to provide global cloud infrastructure, Montefiore Health System for healthcare innovation, and Mitsubishi Electric for data center solutions and digital transformation initiatives. These partnerships demonstrate AWS' versatility across financial services, education, telecommunications, healthcare, and manufacturing sectors. Amazon's AI Integration Drives Growth in Q1 AWS continued to integrate AI capabilities throughout its service offerings in the first quarter. The quarter saw Amazon Ads bringing generative AI capabilities to Amazon Marketing Cloud with a new SQL Generator, enabling advertisers to develop insights faster using natural language. The company also made significant strides in implementing generative AI through Amazon Bedrock across various industries. The automotive sector emerged as a particularly strong growth area, with Honda leveraging AWS for transitioning to software-defined vehicles and improving EV charging experiences with generative AI. Similar collaborations with HERE Technologies and Valeo further demonstrate AWS' expanding footprint in the automotive space. Investment Perspective As Amazon approaches its first-quarter 2025 earnings report, AWS' performance shows promising indicators with strong revenue growth projections and strategic expansion across multiple fronts. The continued investment in AI capabilities, strategic partnerships spanning diverse industries, and geographic expansion all position AWS to maintain its cloud dominance. However, investors should consider that while AWS remains a powerful growth engine, market expectations for continued cloud acceleration are already high. The substantial investments in new geographic regions and AI development may pressure near-term margins. These factors suggest that while AWS performance appears strong, investors might consider waiting for more clarity on profitability metrics and the return on these investments before increasing positions ahead of this Zacks Rank #3 (Hold) company's earnings report. You can see the complete list of today's Zacks #1 Rank (Strong Buy) stocks here. Zacks Names #1 Semiconductor Stock It's only 1/9,000th the size of NVIDIA which skyrocketed more than +800% since we recommended it. NVIDIA is still strong, but our new top chip stock has much more room to boom. With strong earnings growth and an expanding customer base, it's positioned to feed the rampant demand for Artificial Intelligence, Machine Learning, and Internet of Things. Global semiconductor manufacturing is projected to explode from $452 billion in 2021 to $803 billion by 2028. See This Stock Now for Free >> Want the latest recommendations from Zacks Investment Research? Today, you can download 7 Best Stocks for the Next 30 Days. Click to get this free report Inc. (AMZN): Free Stock Analysis Report Microsoft Corporation (MSFT): Free Stock Analysis Report Oracle Corporation (ORCL): Free Stock Analysis Report Alphabet Inc. (GOOGL): Free Stock Analysis Report
