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So the mainframe and COBOL will die just after the world banking system and all the insurance companies die. Mainframes and COBOL should not be taken into account together. Mainframe computers are stable and form a backbone of a lot of companies. COBOL is just another language that is used to code.
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The extinction of mainframes and COBOL systems isn't imminent. Despite being considered legacy technologies, they underpin critical infrastructure in industries like finance, government, and large enterprises. These systems handle mission-critical operations, and transitioning away from them entails substantial costs and risks.
Efforts are underway to modernize these systems, incorporating newer technologies while retaining the core functionality written in COBOL. However, the pace of migration is slow due to the complexity, cost, and risks associated with large-scale system overhauls.
Moreover, the aging workforce of COBOL developers adds to the challenge. As skilled COBOL programmers retire, the scarcity of expertise further slows down system modernization efforts.
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