It's not "insanely rare to see completely new software built from scratch" in COBOL. At least not in banking and Wall Street. There is a shortage of experienced COBOL programmers to the point we have to hire offshore. My team is always writing new stuff in COBOL. It's stable and efficient and easy to maintain. The front end screens are written in Java but the meat and potatoes is all mainframe COBOL. ISO only does updates every 5 years or so, and there is expected to be a COBOL update in 2020. techrepublic.com/google-amp/articl...
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It's not "insanely rare to see completely new software built from scratch" in COBOL. At least not in banking and Wall Street. There is a shortage of experienced COBOL programmers to the point we have to hire offshore. My team is always writing new stuff in COBOL. It's stable and efficient and easy to maintain. The front end screens are written in Java but the meat and potatoes is all mainframe COBOL. ISO only does updates every 5 years or so, and there is expected to be a COBOL update in 2020.
techrepublic.com/google-amp/articl...