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    The 65-year-old computer system at the heart of American business

    enApril 15, 2024

    Podcast Summary

    • COBOL: The Indispensable Old-Timer in IT OperationsCOBOL, an older language, remains deeply embedded in IT operations due to its human-readable business logic and deep roots.

      Despite being older than the Beatles and nearing retirement age, the programming language COBOL, which is known for its human-readable business logic, remains deeply embedded and indispensable in IT operations at various government agencies, businesses, and financial institutions. COBOL was a game-changer in the evolution of computing, allowing for the expression of business and government logic in a way that could be understood by others. Although newer languages have emerged, COBOL's roots are so deep that it can't be easily replaced. Tech journalist Glenn Fleishman explains that COBOL was a significant shift from the low-level coding that required writing each instruction and testing, to a higher level language that could be read and understood by humans. COBOL's longevity is a reminder that no programming language ever truly dies, and some become so deeply embedded that they remain a part of the technological landscape for decades.

    • COBOL's Continued Significance in the Business WorldCOBOL, an older programming language, continues to be used in 70% of business transactions due to its straightforwardness and optimization for high-volume data processing. Its high cost to modernize and lack of motivation for change have led to its persistence in the business world.

      Despite its complexity and high cost to modernize, COBOL, an older programming language, continues to play a significant role in the world's economy. Approximately 70% of business transactions involve COBOL, and large government agencies still use it. The language's straightforwardness and optimization for high-volume transactions make it a valuable tool for organizations processing vast amounts of data. The high cost of conversion away from COBOL and the lack of motivation for companies to make the change have led to a situation where COBOL continues to be used, often passed down from administration to administration. The language's persistence in the business world is remarkable, with some organizations still employing COBOL programmers and maintaining COBOL systems. The cost of conversion, combined with the continued effectiveness of COBOL systems, has led to a situation where the language remains a crucial part of the economic infrastructure, despite the challenges and criticisms that come with it.

    • COBOL's Longevity in Modern TechnologyCOBOL, despite being old, is still used due to its resilience and availability of skilled personnel. However, the main challenge is the human capital required to maintain these systems, as expertise is not readily available in the market.

      Despite the age and perceived embarrassment surrounding the use of COBOL in modern technology, many financial firms and government agencies continue to rely on this programming language due to its resilience and the availability of skilled personnel. COBOL doesn't expire, and as long as the code is written well and functioning, there's no reason for it to break. The main challenge lies in the human capital required to keep these systems running, as the expertise needed is not readily available in the market. The Department of Defense's MOCAS system, which is over 60 years old, is a testament to COBOL's longevity. While the codebase has evolved over the years, the system's reliability hasn't changed significantly. The issue isn't the quality of the code, but rather the knowledge and experience needed to maintain it. With the retirement of many experts in this field, there's a growing concern about the long-term sustainability of these systems. However, for now, COBOL remains a reliable language for transaction processing, and efforts are underway to attract new talent and modernize these systems.

    • The connection between human cognition and coding languagesAs technology advances, we may encounter AI-generated languages incomprehensible to humans, bringing challenges for maintaining legacy tech and opportunities for innovation.

      The foundational assumptions and insights built into coding languages are deeply connected to the human mind. As technology continues to evolve, we may encounter computer languages that are incomprehensible to humans due to their non-human origins. For instance, AI-generated 3D models can produce optimized shapes that surpass human design capabilities. Similarly, future AI-driven coding languages might arise from processes we don't fully understand, leading to a potential disconnect between human comprehension and the code itself. This shift could bring about significant challenges as we grapple with maintaining, updating, and debugging legacy tech that relies on more traditional coding languages. However, it also opens up exciting opportunities for innovation and advancements that surpass human limitations. IBM's Watson x dot AI coding assistant is just one example of the investment being made in exploring how developers can use AI to address the complexities of legacy technology. Overall, the relationship between human cognition and coding languages will continue to evolve, and understanding this connection will be crucial for navigating the future of technology.

    • IBM's new service reduces COBOL code migration timeIBM's Watson x dotai service cuts COBOL code migration time from years to just 1-2, while also helping maintain older systems

      IBM's new service, Watson x dotai, aims to significantly reduce the time it takes to migrate COBOL code to other programming languages like Java, from several years to just 1 or 2. However, IBM also recognizes that businesses aren't getting rid of their older COBOL systems anytime soon, and the service will help developers maintain those systems instead. Meanwhile, Marketplace Tech introduces a new podcast, "Million Bazillion," designed to help kids understand complex financial concepts. Each episode tackles questions from kid listeners, such as "What is a college account and how does it work?" and "What are unions and what are they for?" The podcast aims to make the world of money less confusing for kids. Listen to "Million Bazillion" on your favorite podcast platform.

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