This is incredibly true. I once turned 60kLoC of classic ASP in VBScript into about 20kLoC of python/django including templates. And added a bunch of features that would have been impossible on the old code-base. It turned the job from hellish (features were impossible to add) to very nearly boring (there wasn't much to do anymore). So with this newfound freedom I built some machines to automate the data entry and on…
Point is, I've been modestly bringing these up during interviews when asked what I've been doing the past few years. It is always glossed over.
I don't think companies want or recognize that they want someone who will be able to handle these tasks. If they knew these tasks needed to be done, they'd hire for it, right?
Seems some of the most important things that can be done for a company may be hidden to the executive team.