The latest update is looking to add XML Server as well as Java 7 capabilities to the System/z COBOL platform and this update would extend the overall lifespan of COBOL by taking it up a notch and gearing it towards the cloud computing arena.

According to IBM, there are quite a few companies that use COBOL to power their critical systems and the new update will not only help companies reduce cost and processing times but, will also benefit them by enabling them to take advantage of cloud, mobile and web technologies. IBM has also revealed that the update will speed up things when it comes to performance of applications as the compiler is known to increase the performance of code by as much as 20 per cent.

Kevin Stoodley, chief technology officer at IBM, said in a press release, “With this new software, IBM is helping companies reduce operating costs and processing time associated with these applications while delivering new capabilities to take advantage of cloud, Web and mobile devices.”

IBM believes that with the update to COBOL software, the platform will be at par with other modern cloud platforms and that too without requiring a complete re-write of applications. The update will help companies and business verticals ranging from retail to finance to insurance to leverage the power of mainframes to power mobile and web applications.