It may surprise many, especially readers of the Business Technology Breakthroughs blog to learn that one of the most widespread computer programming languages in the world today is – COBOL!
COBOL has been the prevalent language for developing business applications throughout the greater part of five decades. Systems and applications written in COBOL remain in widespread use within the vertical sectors that spend some of the world’s largest IT budgets – such as Finance, Government, Manufacturing, and Telecoms – as well as numerous others.
Recent statistics quoted by IBM reveal the massive scale of intellectual property accumulated:
- Around 200 billion lines of COBOL code are in live operation.
- 75% of the world’s business data, and 90% of financial transactions, are processed in COBOL.
- There are 1.5 – 2 million developers, globally, working with COBOL code.
- Around 5 billion lines of new COBOL code are added to live systems every year.
According to one assessment, the accumulated investments of organizations owning COBOL-based assets represent around $2 trillion of stakeholder value.
So you may ask, “How can all those organizations using COBOL-based applications ever take advantage of such leading-edge technologies as Cloud Computing and virtualization, Mobile Commerce, or ‘Big Data’?”
Well, on April 17th, I’ll have the opportunity to answer that question for you when I deliver the keynote presentation at the 2012 Developer Conference sponsored by Micro Focus. If you use COBOL, or if you work for an organization that has COBOL-based systems running, you and your associates, should be there.
The best part is: the conference is FREE. That’s right no charge for three days of education and networking with other professionals integrating COBOL-based assets with the latest in emerging technologies. So, just click on the image above to go right to the conference registration page.
And please stay tuned over the next couple of weeks for the inside scoop about the 2012 Developer Conference!