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In the video, Eric Minick from IBM Cloud discusses application modernization and three significant transformations that are currently occurring simultaneously. These transformations involve changes in architecture, infrastructure, and delivery methods. Previously, applications were monolithic and ran on physical servers with waterfall-style development processes. Today, most organizations have shifted to a distributed architecture, typically related to Service-Oriented Architecture (SOA). These changes signal a move away from long-term project planning towards more agile and adaptable development practices.
