Some people think tens of millions of dead people are collecting Social Security checks. That's not true. What's really going on is people don't understand its old, underlying technology. The saga of ...

Whenever the topic is raised in popular media about porting a codebase written in an ‘antiquated’ programming language like Fortran or COBOL, very few people tend to object to this notion. After all, ...

COBOL — short for common business-oriented language — isn’t going anywhere. Released in 1960 and standardized in 1968, COBOL was developed by the Conference on Data Systems Languages to handle ...

IBM shares dropped sharply by 13.1% to $223.39 when the market closed on Monday, making it the company’s biggest one-day fall since October 2000, when the stock had fallen about 15.5%. The news was ...

Information technology modernization specialist Rocket Software Inc. is integrating generative artificial intelligence and adding support for Arm processors in its line of Cobol modernization products ...

Despite the proliferation of digital banking apps, the banking industry still runs almost half its systems on a 1950s programming language, which makes it difficult for financial institutions to ...

Cobol still forms the backbone of many crucial financial and administrative systems, with high usage in The Netherlands due to its early and adept automation of the economy. Cobol was, and remains, ...