But then all of this has been known for decades. There are plenty of well-known techniques for how to do all that. If they haven't actually done it by now, it's a management problem, and no AI tech is going to fix that.
But then all of this has been known for decades. There are plenty of well-known techniques for how to do all that. If they haven't actually done it by now, it's a management problem, and no AI tech is going to fix that.
COBOL's main value is in maintaining a pile of legacy codebases, mostly in fintech and insurance that are so large and so old that rewriting them is an absolute no-go. These attempts at cross compiling are a way to get off the old toolchain but they - in my opinion - don't really solve the problem, instead they add another layer of indirection (code generation). But at least you'll be able to run your mangled output on the JVM for whatever advantage that gives you.
With some luck you'll be running a hypervisor that manages a bunch of containers that run multiple JVM instances each that run Java that was generated from some COBOL spaghetti that nobody fully understands. If that stops working I hope I will be far, far away from the team that has to figure out what causes the issue.
It is possible that someone somewhere is doing greenfield COBOL development but I would seriously question their motivations.
Rewriting and expecting 100% feature-parity (and bug-parity, since any bugs/inconsistencies are most likely relied upon by now) is realistically impossible.
However, new banking/insurance startups proved you can build this stuff from scratch using modern tooling, so the migration path would be to create your own "competitor" and then move your customers onto it.
The problem I see is that companies that still run these legacy systems also have a legacy culture fundamentally incompatible with what's needed to build and retain a competent engineering team. Hell, there's probably also a lot of deadweight whose jobs are to make up for the shortcomings of the legacy system and who'd have every incentive to sabotage the migration/rebuild project.
And of course, if you start a bank today you'd do the whole cycle all over again, shiny new tech, that in a decade or two is legacy that nobody dares to touch. Because stuff like this is usually industry wide: risk adversity translates into tech debt in the long term.
I suspect that the only thing that will cure this is for technology to stop being such a moving target. Once we reach that level we can maybe finally call it engineering, accept some responsibility (and liability) and professionalize. Until then this is how it will be.
Individual organizations can consciously choose to slow down. Which works for a while in terms of boosting quality and productivity. But over the long run they inevitably fall behind and an upstart competitor with a new business model enabled by new software technology eventually eats their lunch.
For an example of this happening in a field, look at the glacial pace of advancement in theoretical physics for the last few decades, compared to 1900s. Or at the pace of development in physics in general in the centuries before.