- Published on November 20, 2024
- In Deep Tech
Why Legacy Systems Still Need COBOL?
About 92% of organisations consider their COBOL applications strategic to their operations.
Image by Nalini Nirad
- By Sagar Sharma
Despite being over 60 years old, common business-oriented language (COBOL) continues to be the backbone of critical financial and government systems worldwide. With an estimated 220 billion lines of code still in active use, this legacy programming language powers 95% of ATM transactions and 80% of in-person banking activities.
According to a 2022 Micro Focus survey, the global COBOL application footprint has grown to an unprecedented 775-850 billion lines of code in production systems, far exceeding previous estimates of 200-300 billion lines.
On the other hand, we are witnessing initiatives to drop the COBOL and move to something modern like Java. One good example of this is the IBM Watson Code Assistant.
The community, however, thinks otherwise.
The idea of using
📣 Want to advertise in AIM? Book here
Sagar Sharma
A software engineer who loves to experiment with new-gen AI. He also happens to love testing hardware and sometimes they crash. While reviving his crashed system, you can find him reading literature, manga, or watering plants.
Related Posts
How This Coimbatore SaaS Firm Cracked Hidden Enterprise Problem Costing Millions
Founded in 2015, now based in Portland, Responsive supports more than 20% of Fortune 100 companies
Enterprises Beware: Agent-Washing Clouds the Future of AI
Vendors mislabel copilots as agents, raising regulatory and operational risks for firms chasing the promise of agentic AI.
How Neysa Stands Out in the IndiaAI GPU Race
Unlike other providers focused on GPU allocation, Neysa claims to deliver an end-to-end AI cloud platform.
Two Indian Engineers on a Mission to Automate Home Cooking for the World
In a live demonstration for AIM, Posha prepared paneer tikka masala in approximately 25 minutes
BharatGen and the Pursuit of Sovereign, Scalable AI for India
“Knowledge-driven components are important because we don’t want everything to be just algorithmic innovation.”
How Pradhi AI Embeds Emotional Intelligence in Voice AI
As businesses recognise the potential of voice-driven tech, Pradhi AI is laying the foundation for an empathetic, responsive AI ecosystem.
Mangaluru Looks to Build Its Own Tech Identity, Not Replicate Bangalore
“The coastal city could showcase tangible results by applying deep tech to areas it already dominates”
Google’s Gemini Nano Banana and the Cost of Convenience
The company’s new AI image and photo editor deepens concerns over data use and consent gaps, experts warn.
Download the easiest way to
stay informed
stay informed
