After disrupting countless Software/SaaS/finance/real estate/broker sectors, Anthropic's Claude is now going after targeted companies.
A little before 2pm ET, Bloomberg sent out a headline that Anthropic's Claude has found yet another skillset:
A herd of panicked IBM longs flooded to theClaude blogto read more on what is happening. Here's what it found (excerpted):
COBOL is everywhere. It handles an estimated 95% of ATM transactions in the US. Hundreds of billions of lines of COBOL run in production every day, powering critical systems in finance, airlines, and government.
Despite that, the number of people who understand it shrinks every year.
The developers who built these systems retired years ago, and the institutional knowledge they carried left with them. Production code has been modified repeatedly over decades, but the documentation hasn't kept up. Meanwhile, we aren't exactly minting replacements—COBOL is taught at only a handful of universities, and finding engineers who can read it gets harder every quarter.
Given these roadblocks, how can organizations modernize their systems without losing the reliability, availability, and data they’ve accumulated over decades? And without breaking anything?
How AI changes COBOL modernization
AI excels at streamlining the tasks that once made COBOL modernization cost-prohibitive. With it, your team can focus on strategy, risk assessment, and business logic while AI automates the code analysis and implementation.
The approach outlined above works for COBOL systems of any size. Tools like Claude Code can automate much of the exploration and analysis work described, giving your team the comprehensive understanding they need to plan and execute migrations confidently.
Source: ZeroHedge News
