The COBOL Resurrection: Claude 3.5 Sonnet’s $2 Trillion Strategic Advantage
The global financial sector is built upon a precarious foundation: approximately $2 trillion worth of legacy COBOL code that still services 70-80% of all business transactions today. For decades, the modernization of these mainframes has been labeled as “high-risk, high-cost” with failure rates exceeding 70% for manual rewrites. However, the emergence of Claude 3.5 Sonnet … Read more