Question for those still using Cobol, do you trust GenAI-based coding assistants to translate Cobol correctly?

Yes, limited need for Cobol knowledge24%

Somewhat, but still need significant Cobol knowledge56%

No15%

Not sure yet4%

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Strategic Banking IT advisor in Banking2 years ago

Over the last 2-3 years, we look to several solutions that would allow to REFACTOR Cobol applications to Java, for instance.

Then, we realized that our legacy system (built using Cobol, IMS FastPath Transactions, a bit of Assembler here and there) was quite complex.

Then, we looked at generating Cobol Code (since our challenge was to maintain sufficient number of developers) as it would relief the pressure to find more people.

But the code had to 'fit' in place with a very strict 'framework' we built.   The result wasn't absolutely satisfying.

Our legacy system has around 15 millions lines of code and uses a lot of common modules.

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Brand or reputational damage to the company 14%

Loss of institutional knowledge 31%

Inconsistent AI output quality 31%

Lower staff morale 14%

Employee attrition 2%

Unforeseen AI costs 2%

None – risks are minimal 2%

Other2%

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Yes47%

No, this will never happen21%

Security technologies will evolve along with Quantum Computing31%

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