- COBOL was designed in 1959 to process business data across various machines using a language that was easy for humans to read and understand.
- It was widely adopted by businesses in the 1960s and implemented by many female programmers at the time. COBOL became ubiquitous for banking, insurance, healthcare and other sectors, with over 250 billion lines of code still in production.
- While it lost popularity due to its business focus rather than academia, COBOL remains strategically important for many organizations with over 90% indicating their COBOL applications will remain in place for at least 5 years.