COBOL Forms the Basis for Digital Transformation
June 10, 2020
COBOL is foundational technology that powers 70% of the worlds transaction processing systems. Forward-looking enterprises consider COBOL applications as essential and a strategic element of their digital transformation plans. From its initial mission to provide a COmmon Business Oriented Language, it has evolved and endured because it allows programmers and those in business functions to collaborate on applications and processes in a language understandable to them both.
The COBOL systems that support core business operations represent tremendous value in terms of institutional knowledge and intellectual property. Those programs are the basis for the dependable operation of critical systems, such as payroll and other essential business services, that deliver value year after year. But many need to be modernized to support digital business and develop new ways of engaging with consumers, reaching new markets, and delivering services.