Globally, an estimated 775–800 billion lines of COBOL code underpin essential systems in finance, healthcare, and more. Despite its longevity, COBOL faces a looming crisis as 60% of its experts are set to retire in five years, creating a significant knowledge gap. This talent shortage is already leading to costly system failures that result in over $1.2 trillion in annual losses. In light of this risk, organizations like JPMorgan Chase and the U.S. Social Security Administration are leveraging AI to modernize COBOL systems without losing foundational business logic. Technologies such as Techolution’s AppMod.AI facilitate automated code understanding, intelligent migration, and optimization, drastically reducing costs and timelines. To address these legacy challenges, firms like the Commonwealth Bank of Australia have deployed AI to enhance system efficiency. As COBOL programmers dwindle, adapting to modern technologies is vital for organizations aiming to maintain competitiveness and ensure operational stability in an evolving digital landscape.
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