MongoDB Launches AI-Powered Application Modernization Platform to Accelerate Legacy Transformation

MongoDB Inc. (NASDAQ:MDB) is one of the best NASDAQ stocks to buy according to hedge funds. On September 16, MongoDB announced the launch of MongoDB AMP, which is an AI-powered Application Modernization Platform. The platform is designed to help enterprises transform legacy applications quickly into modern, scalable services, thereby reducing technical debt and speeding innovation.

MongoDB AMP combines an AI-powered software platform, a proven delivery framework, and experienced AMP delivery engineers to guide the implementation. MongoDB, with its flexible document model and architecture built for continuous change, serves as the foundation of the platform. By using the AMP tooling and MongoDB’s framework, customers have seen tasks like code transformation sped up by 10x or more, with overall modernization projects being accelerated by 2−3 times.

MongoDB Launches AI-Powered Application Modernization Platform (AMP) to Accelerate Legacy Transformation

Enterprises are burdened by critical but outdated legacy applications, which are expensive to maintain, difficult to adapt for modern use cases like GenAI, and pose security and compliance risks due to their rigid data foundations and tech stacks. According to the Consortium for Information & Software Quality, the cost of technical debt in the US has been estimated at ~4 trillion dollars. MongoDB AMP offers a transformative approach to modernization, contrasting with traditional methods that involve multi-year consulting engagements or merely lift & shift migrations from one relational database to another.

MongoDB Inc. (NASDAQ:MDB) provides a general-purpose database platform worldwide. The company was formerly known as 10gen and changed its name to MongoDB in August 2013.

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Disclosure: None. This article is originally published at Insider Monkey.