The document discusses legacy monolithic applications and the challenges of migrating them to the cloud. It notes that 80% of actively used code is in COBOL and that enterprise applications are large, complex, and long-lived. Many organizations expect cloud migrations to take over a year to complete. The document recommends analyzing the application portfolio and individual applications using CAST software to understand architecture and define a migration roadmap. CAST software can reverse engineer applications, provide insights into architecture and data flow, and identify remediation opportunities to enable the transformation journey.