Call it what you like: application modernization, converged infrastructure or "IT transformation" as Intel does in this video. Modernizing apps and servers via a strategic roadmap is imperative to keep pace with competitive demands.
This Intel video featuring IT Global Operations and Services VP and GM Kim Stevenson, while a bit pitchy, has some substance to why virtualization and application modernization are imperative. Intel, she claims, saved $650 million in capital avoidance.