CLPS Incorporation Successfully Modernizes Legacy Systems With AI

Modernizing Legacy Systems with AI at CLPS Incorporation

CLPS Incorporation, known for its innovative approaches, has recently celebrated a remarkable achievement in transforming a legacy mortgage system at a major bank. The modernization of this 30-year-old system involved the application of advanced artificial intelligence (AI) technologies, notably incorporating tools like Microsoft Copilot.

Complexity of the Legacy System

The project faced the daunting task of overhauling a complex infrastructure that included an extensive collection of programs and reports. The bank's legacy mortgage system comprised numerous components: 138 Virtual Basic (VB) functional programs, 248 Microsoft (MS) Access applications, and many others that collectively posed a significant challenge.

Limited documentation and insufficient understanding of the system's operational logic made the task even more challenging. However, leveraging AI's capabilities, CLPS managed to accomplish this intricate modernization within just seven months, using a dedicated team of over 20 skilled developers. The AI's assistance played a pivotal role, achieving an impressive automation rate of 70% during the code conversion process, allowing legacy applications and databases to transition smoothly to a modern technology stack that includes Java, React, and PostgreSQL.

Advantages of AI in the Process

Adopting an agile project management strategy enabled CLPS to break down the project into manageable phases, enhancing flexibility and responsiveness throughout the development process. The AI-generated program code provided the team with a head start in deciphering the system's logic. Developers utilized AI's outputs to fill in the gaps, ensuring efficient programming while the remaining components continued their transformation.

This approach not only allowed simultaneous development and testing but also led to early identification of any discrepancies, effectively reducing the risks associated with deployment.

Key Outcomes of the Modernization Effort

The comprehensive modernization effort by CLPS has yielded remarkable outcomes, translating technology improvements into significant business advantages.

Technical Achievements

• Direct conversion of VB and MS Access backend processes to Java, achieving a 70% automation rate.
• Transformation of user interfaces from VB and MS Access to React components, enhancing user experience.
• Successful migration of the database from MS SQL to PostgreSQL hosted on AWS Cloud.
• Automated documentation generation for previously undocumented system logic, significantly enhancing maintainability.

Economic Benefits

• The project cycle duration was dramatically shortened from an estimated 24 months to just 7 months.
• Labor costs decreased by over 60%, resulting in substantial direct cost savings.
• Future operation and maintenance expenses for the system are projected to be significantly lower.

Future Prospects of AI Development at CLPS

Looking forward, the AI-assisted development model demonstrated by CLPS holds immense promise for various industries with legacy systems. The framework is designed to be scalable and applicable across sectors that utilize traditional programming languages, providing a template for modernizing outdated systems effectively.

Raymond Lin, the Chief Executive Officer of CLPS Incorporated, expressed confidence in the transformative potential of AI, stating, "Our successful integration of AI showcases a viable path forward for organizations still reliant on outdated systems. This approach not only enhances efficiency but paves the way for improved solutions across a wide array of legacy modernization projects."

About CLPS Incorporation

Established in 2005, CLPS Incorporation (NASDAQ: CLPS) is a leader in driving digital transformation across various industries. The company specializes in innovations in artificial intelligence, cloud computing, and big data, with operations spanning numerous sectors including fintech and e-commerce.

With a global presence in multiple countries and regional hubs in key markets, CLPS is committed to empowering traditional industries to evolve into data-driven ecosystems.

Frequently Asked Questions

1. What significant achievement did CLPS Incorporation recently reach?

CLPS successfully modernized a legacy mortgage system for a major bank using AI, improving efficiency and reducing costs.

2. How long did the modernization process take?

The project was completed in seven months, significantly faster than traditional methods would allow.

3. What technologies were utilized in the modernization?

CLPS transitioned the legacy system to a modern stack that includes Java, React, and PostgreSQL.

4. How does AI contribute to the development process?

AI enabled faster code conversion, facilitated understanding of system logic, and improved overall project management.

5. What sectors can benefit from CLPS's modernization framework?

Various industries with legacy systems built on traditional programming languages such as VB and COBOL can leverage this framework for modernization.

About The Author

Hello Kelly Martin here, a financial and publicly traded company specialist committed to writing with clarity and sage advice. Having a wealth of experience and a thorough grasp of corporate dynamics and the financial environment, my main goal in writing blog posts and articles is to provide insightful analysis together with useful guidance. My objective is to arm readers with the information they need to comprehend the complexities of publicly traded companies and make wise financial decisions.

Writing for several financial blogs has let me interact with a wide range of readers, from novice investors to seasoned pros looking for fresh perspectives. My goal is to make corporate analysis and finance understandable and interesting so you may confidently negotiate the intricacies of the financial world. I appreciate you traveling with me toward success and financial literacy.

Contact Kelly Martin privately here. Or send an email with ATTN: Kelly Martin as the subject to contact@investorshangout.com.

About Investors Hangout

Investors Hangout is a leading online stock forum for financial discussion and learning, offering a wide range of free tools and resources. It draws in traders of all levels, who exchange market knowledge, investigate trading tactics, and keep an eye on industry developments in real time. Featuring financial articles, stock message boards, quotes, charts, company profiles, and live news updates. Through cooperative learning and a wealth of informational resources, it helps users from novices creating their first portfolios to experts honing their techniques. Join Investors Hangout today: https://investorshangout.com/

The content of this article is based on factual, publicly available information and does not represent legal, financial, or investment advice. Investors Hangout does not offer financial advice, and the author is not a licensed financial advisor. Consult a qualified advisor before making any financial or investment decisions based on this article. This article should not be considered advice to purchase, sell, or hold any securities or other investments. If any of the material provided here is inaccurate, please contact us for corrections.