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Kyndryl Report: As AI Broadens Modernization Agenda, Leaders Prioritize Business Outcomes Over Replacing Legacy Systems

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Global survey reveals how 2,000 business and technology leaders are addressing AI-driven demand across IT elements  

Nearly half of organizations are behind schedule despite modernization being a top priority98% of organizations delayed modernization and experienced negative business impactsAs AI reshapes expectations for how technology can deliver results, more organizations are expanding their use of technology than consolidating themOrganizations deploying agentic AI are making faster modernization progress and seeing early benefits as AI takes on traditionally challenging tasks

NEW YORK, Oct. 1, 2026 /PRNewswire/ — Kyndryl (NYSE: KD), a leading provider of mission-critical enterprise technology services, today released its first global Modernization Report, which found that as organizations expand investments across legacy and modern platforms, modernization increasingly requires business orchestration, not technology consolidation.

“AI is creating new possibilities and raising expectations for the business outcomes technology should deliver,” said Martin Schroeter, Chairman and CEO, Kyndryl. “Modernization is about preparing for what comes next, and the leaders making the most progress are investing across their technology environments—strengthening resilience and putting those investments to work where they deliver the greatest value.”

Based on insights from 2,000 business and technology leaders across five continents and 12 industries, the research shows how AI is reshaping investment priorities across infrastructure and applications, while also challenging organizations’ operating models.

According to the report’s findings, the need to adopt AI now outranks priorities to reduce spending, replace legacy systems, or address a shrinking pool of legacy systems expertise. AI is the top driver of increased mainframe and edge computing use, the second-biggest driver for SaaS and private cloud expansion, and the leading reason organizations are upgrading their networks and application portfolios. Every organization with a mainframe now reports plans to deploy AI to the platform.

Together, these trends are creating more complex technology environments and new operational challenges for technology leaders.

Nearly half of respondents said they are behind schedule on their modernization goals. Agentic AI, which can autonomously plan and execute tasks, is emerging as a way to modernize faster. Ten percent of organizations have deployed agentic AI in production for modernization, applying it to typically time- and skills-intensive tasks of dependency mapping, code conversion, and generating documentation. Early adopters reported stronger outcomes, with 67% saying they are ahead of or on track with modernization goals, compared with 51% of other organizations.

The research also highlights what is slowing organizations down. Just 9% said they fully understand their applications’ dependencies, and one-quarter say they have large numbers of undocumented applications.

Among other findings, Kyndryl’s study shows that:

Modernization has become a business-wide priority, not just a technical one
The findings underscore the growing demands on CIOs, who must advance several priorities at once: AI adoption, cyber resilience, regulatory compliance, operational efficiency, and business growth. Respondents named nine distinct stakeholder groups with control over modernization, from CIOs and CTOs to boards of directors and finance and compliance teams. Modernization has outgrown the IT department and become a board-level business decision. Its growing importance also requires organizations to coordinate decision-making across more stakeholders without sacrificing speed.

Global events shape technology decisions alongside cost and performance
Sovereignty considerations are a growing factor in modernization strategies. While 65% of organizations address sovereignty selectively or primarily through a compliance lens, 63% expect sovereign cloud usage to increase and 55% expect sovereignty and regulatory requirements to place greater demands on their network architectures. The findings suggest that the geographic location of where technology runs is increasingly being shaped by governance and geopolitical considerations alongside performance, cost and innovation.

Complexity keeps compounding
The findings challenge the long-held assumption that digital transformation would lead organizations to gradually migrate toward a single preferred technology environment. Instead, their technology environments are becoming more distributed and complex as they prepare for AI. Mission-critical applications are distributed almost evenly across public cloud, private cloud, mainframe and on-premises environments, creating an increasingly hybrid enterprise. As digital transformation extends across the business, it must be underpinned by strategic, governance, and operational coordination—including a more integrated approach to cyber resilience as AI-driven threats accelerate and broaden. 

Read more about Kyndryl’s 2026 Modernization Report.

About Kyndryl
Kyndryl (NYSE: KD) is a leading provider of mission-critical enterprise technology services, offering advisory, implementation and managed services across thousands of customer environments in more than 60 countries. The company designs, builds, manages and modernizes the complex information systems that the world depends on every day. For more information, visit www.kyndryl.com.

Kyndryl press contact
press@kyndryl.com 

 

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SOURCE Kyndryl

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Invitation to presentation of EQT AB’s Q3 Announcement 2026

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STOCKHOLM, Oct. 1, 2026 /PRNewswire/ — EQT AB’s Q3 Announcement 2026 will be published on Thursday 15 October 2026 at approximately 07:00 CEST. EQT will host a conference call at 08:30 CEST to present the report, followed by a Q&A session.

The presentation and a video link for the webcast will be available here from the time of the publication of the report.

To participate by phone and ask questions during the Q&A, please register here in advance. Upon registration, you will receive your personal dial-in details.

The webcast can be followed live here and a recording will be available afterwards.

Information on EQT AB’s financial reporting

The EQT AB Group has a long-term business model founded on a promise to its fund investors to invest capital, drive value creation and create consistent attractive returns over a 5 to 10-year horizon. The Group’s financial model is primarily affected by the size of its fee-generating assets under management, the performance of the EQT funds and its ability to recruit and retain top talent.

The Group operates in a market driven by long-term trends and thus believes quarterly financial statements are less relevant for investors. However, in order to provide the market with relevant and suitable information about the Group’s development, EQT publishes quarterly announcements with key operating numbers that are relevant for the business performance (taking Nasdaq’s guidance note for preparing interim management statements into consideration). In addition, a half-year report and a year-end report including financial statements and further information relevant for investors is published. Finally, EQT also publishes an annual report including sustainability reporting.

Contact

Olof Svensson, Head of Shareholder Relations, +46 72 989 09 15
EQT Shareholder Relations, shareholderrelations@eqtpartners.com

Rickard Buch, Head of Corporate Affairs, +46 72 989 09 11
EQT Press Office, press@eqtpartners.com, +46 8 506 55 334

This information was brought to you by Cision http://news.cision.com

https://news.cision.com/eqt/r/invitation-to-presentation-of-eqt-ab-s-q3-announcement-2026,c4402994

The following files are available for download:

https://mb.cision.com/Main/87/4402994/4296216.pdf

Invitation to presentation of EQT AB™s Q3 Announcement 2026

https://news.cision.com/eqt/i/eqt-group,c3569148

EQT Group

 

View original content:https://www.prnewswire.co.uk/news-releases/invitation-to-presentation-of-eqt-abs-q3-announcement-2026-302895437.html

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Cambridge Linguaskill Business helps employers make more confident hiring and workforce decisions

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AI-powered English assessment gives organisations a consistent way to measure the communication skills employees need in today’s workplace

SINGAPORE, Oct. 1, 2026 /PRNewswire/ — As businesses operate across increasingly international teams, markets and customers, employers need more than a candidate’s stated level of English. They need reliable evidence that employees have the communication skills required for their roles.

Linguaskill Business from Cambridge provides employers with an online, on-demand and internationally recognised way to assess workplace English proficiency, supporting more informed decisions in recruitment, employee development and career progression.

Developed by Cambridge University Press & Assessment, part of the University of Cambridge, Linguaskill Business combines Cambridge’s expertise in language assessment with artificial intelligence and computer-adaptive technology to deliver accurate and reliable results.

From hiring decisions to workforce development

English proficiency can affect how effectively employees participate in meetings, deliver presentations, communicate with customers, write reports and collaborate across international teams.

Linguaskill Business assesses English proficiency from B1 to C2 on the Common European Framework of Reference (CEFR), providing employers with an internationally recognised benchmark of an individual’s ability.

The exam assesses four workplace communication skills: speaking, writing, reading and listening. Its modular format allows organisations to select the skills relevant to specific roles.

This means employers can move from subjective assessments of whether someone has “good English” to defined proficiency requirements supported by measurable results.

A practical tool for HR and business leaders

Organisations can use Linguaskill Business across the employee journey, including:

• Recruitment and candidate selection
• Graduate and management programmes
• Employee skills benchmarking
• Learning and development needs analysis
• Internal mobility and promotion
• Measurement of language training outcomes

Employers can also establish different English proficiency requirements for different roles. A customer-facing employee, for example, may require a different combination of speaking, listening, reading and writing skills from an employee whose role focuses primarily on written communication.

Designed for modern organisations

Linguaskill Business is delivered online and on demand, allowing organisations to administer assessment when and where required.

AI and computer-adaptive technology tailor the assessment to the candidate’s ability, while results are reported against CEFR levels. Candidates receive a certificate and detailed results, while organisations can access group reporting to review results across cohorts.

CEFR stands for Common European Framework of Reference for Languages. It is an international framework used to describe a person’s language ability. Instead of saying someone has “good English” or “intermediate English,” CEFR provides defined proficiency levels.

For employers managing teams across different functions, locations or markets, this provides a consistent framework for understanding English proficiency across the organisation.

Turning English proficiency into measurable workforce capability

Rather than relying solely on interviews, self-declared proficiency or different assessment approaches across departments, organisations can establish defined English standards for roles and measure employees and candidates against a common international framework.

This gives HR and business leaders stronger evidence to support recruitment, development and workforce planning decisions.

For organisations where English communication matters to employee performance, Linguaskill Business provides a scalable way to identify existing capability, uncover skills gaps and support targeted development.

To learn more about how Linguaskill Business can support recruitment and workforce development, visit Cambridge English https://www.cambridgeenglish.org/exams-and-tests/linguaskill/ 

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SOURCE Cambridge English

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Three in Four Travelers Get Their ESTA, UK ETA or eTA Right the First Time, Service eVisa Index Finds

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Passport details are the most common source of corrections, and travelers from Singapore are the most likely to get every detail right

NEWARK, Del., Oct. 1, 2026 /PRNewswire/ — Three in four travelers (76%) complete their electronic travel authorization correctly on the first attempt, according to the Service eVisa Travel Readiness Index. Passport details are the most common source of corrections, and travelers from Singapore are the most likely to get every detail right.

The Travel Readiness Index measures the share of applications that needed no correction at caseworker review. It is based on more than 10,000 anonymized applications for the UK ETA, US ESTA, Canada eTA, New Zealand NZeTA and Australia ETA, submitted between January 1 and September 1, 2026.

What are the most common travel authorization mistakes?
Passport details (number, issue or expiry date) accounted for 31% of corrections, followed by name order and middle names (19%), confusion between nationality and passport issuing country (13%), and date-of-birth format (9%).

These details matter because each authorization is linked electronically to a specific passport. On the US ESTA system, an error in passport or biographical information requires a new application and a new fee.

Which nationalities are the most travel-ready?

Singapore: 89.4%Japan: 88.1%Switzerland: 86.7%Denmark: 85.9%Netherlands: 84.2%

“The travelers who do best copy their details straight from the passport they will travel with, character by character,” said Fred Jordan, Director of Operations at Service eVisa. “Small details, like the order of your names or the format of a date, are where even experienced travelers slip.”

How to get a travel authorization right the first time

Copy details directly from your passport, not from memory.Enter your names exactly as printed, in the same order.Apply when you book your trip, not when you pack.

Travelers can check the requirements for each destination at serviceevisa.com.

About Service eVisa
Service eVisa is a private, independent travel authorization assistance platform that helps travelers prepare and submit electronic travel authorizations for destinations including the United Kingdom, the United States, Canada, Australia and New Zealand. Applications are supported by registered migration agents and licensed immigration advisers. Service eVisa holds a travel agency license, is accredited by IATA and is a member of ASTA and PATA. Learn more at serviceevisa.com. 

Media contact: contact@serviceevisa.com

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SOURCE Service eVisa

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