Submission + - COBOL 75% of Business Transactions in 2005
Frumious Wombat writes: Over at The Register Developers section (take with a small carton of salt), quote the head of research for Ovum Consulting on the continuing dominance of COBOL:
"Cobol remains the most widely deployed programming language in big business, accounting for 75% of all computer transactions — and it is not going to go away. Cobol is pervasive in the financial sector (accounting for 90% of all financial transactions), in defence, as well as within established manufacturing and insurance sectors. We estimate that there are over 200 billion lines of Cobol in production today, and this number continues to grow by between three and five percent a year."
Gary Barnett, Research Director OVUM
So, for all the time spent arguing the merits of Ruby vs. C# vs. today's MFTL, should the community spend more time building tools to make COBOL livable? Or should we institute a digital spay/neuter programme and do something about that alleged 3-5% growth?
"Cobol remains the most widely deployed programming language in big business, accounting for 75% of all computer transactions — and it is not going to go away. Cobol is pervasive in the financial sector (accounting for 90% of all financial transactions), in defence, as well as within established manufacturing and insurance sectors. We estimate that there are over 200 billion lines of Cobol in production today, and this number continues to grow by between three and five percent a year."
Gary Barnett, Research Director OVUM
So, for all the time spent arguing the merits of Ruby vs. C# vs. today's MFTL, should the community spend more time building tools to make COBOL livable? Or should we institute a digital spay/neuter programme and do something about that alleged 3-5% growth?
