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monica_b1998@lemmy.world to COBOL@programming.dev · 29 days ago

US banks rely on a 65-year-old programming language; companies are paying a premium for developers who know it

m.economictimes.com

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US banks rely on a 65-year-old programming language; companies are paying a premium for developers who know it

m.economictimes.com

monica_b1998@lemmy.world to COBOL@programming.dev · 29 days ago
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US banks rely on a 65-year-old programming language; companies are paying a premium for developers who know it - The Economic Times
m.economictimes.com
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A 1959 programming language, COBOL, is powering global finance and government systems. As experienced programmers retire, companies face a talent crisis. This has created a lucrative opportunity for new developers learning this older skill. Banks and agencies are paying top salaries to maintain these vital systems. AI is also being explored to help manage COBOL code.
  • bitcrafter@programming.dev
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    28 days ago

    Also, all hardware components are hot-swappable.

    • SUDO@reddthat.com
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      28 days ago

      They have a lot of built in redundancy.

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