COBOL Still ALIVE and Rule Financial Corporations
According
to Reuters, around three trillion dollars in daily commerce flow
through COBOL systems. Many major financial corporations and some parts
of the federal government have built their entire infrastructure on
COBOL bases from the 70s and 80s.
To keep their system running
financial companies are paying heavily to retiress who still love
COMBOL. One Such person is 75-year-old Bill Hinshaw who is also founder
of cobolcowboys.com
Most people know Java and C but fact is
that COBOL is still alive. Some also predict that it will remain a major
language for next 20 years.
So it is still time to learn and earn with COBOL.
As published on http://cobolcowboys.com/cobol-today/
90% Of Fortune 500 business systems today are supported by COBOL
65% Of active code used today is COBOL
200 billion Lines of COBOL code are still in use today
Various recently published COBOL articles state the following…
* COBOL supports close to 90% of Fortune 500 business systems today.
* 70% of all critical business logic and information are written in COBOL.
* COBOL is 65% of active code used today; and runs 85% of all business transactions.
*IBM claims 200 billion lines of COBOL code are still in use today by various industries.
*COBOL is as current and modern as other programming products in the marketplace.
*Thousands of organizations are spending millions on COBOL development and maintenance.
These published COBOL articles further state…
*Sheer cost and effort to replace COBOL is not an acceptable return on investment.
*New IBM software can take legacy COBOL applications to the Cloud and Web environment.
*COBOL legacy programming skills are still very relevant for the next decade.
*71% of universities surveyed believe companies will rely on COBOL for the next decade.
* Between 60% and 80% of all transactions conducted worldwide are done in COBOL.
*Critical COBOL systems are still driving a large number of prestigious companies.
