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Asked by Swathi Last Modified
Answer 
In short.
The mainframe will be with us for some time yet.
It's a fundamental element of forward-looking, cross-industry, mainframe hybrid-cloud strategies and environments:
Although developed over 60 years ago, over 40% of banks still use the COBOL programming language as the core technology of their banking systems
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Yes, there are still numerous COBOL-based mainframe systems operating worldwide, especially in industries like finance, government, healthcare, and large enterprises. These systems handle critical functions such as financial transactions, payroll processing, inventory management, and more.
Many of these COBOL-based mainframe systems were developed decades ago and continue to be the backbone of essential operations for various organizations. Despite the emergence of newer technologies, these systems remain functional due to their reliability, stability, and robustness.
Efforts are ongoing to modernize these systems by integrating them with newer technologies, such as cloud services, web interfaces, and other programming languages, while preserving the core COBOL functionality. This modernization allows these systems to adapt to changing business needs without completely replacing them.
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