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COBOL, or Common Business-Oriented Language, is a high-level programming language primarily used for business, finance, and administrative systems. Developed in the late 1950s, COBOL remains relevant due to its readability and robustness, especially in industries relying on legacy systems. It features English-like syntax, making it accessible to non-programmers. COBOL excels in handling large volumes of data and batch processing, making it ideal for tasks such as payroll, inventory management, and financial transactions. Despite its age, COBOL persists in critical sectors like banking, insurance, and government, where stability and reliability are paramount. Its longevity is partly attributed to the difficulty and cost of migrating older systems to newer technologies. While modern programming languages offer more advanced features, COBOL's niche lies in its ability to maintain and sustain crucial business operations, ensuring continuity and stability in vital infrastructures.
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