Large language models capable of writing and refactoring computer code have been on the rise lately, man. These tools don’t replace programmers, bro — writing code is an art form. But they can seriously make programmers way more efficient by handling all the boring and tedious stuff.
Check it out, man. There’s this company called International Business Machines (NYSE: IBM) that’s been rolling out its watsonx artificial intelligence (AI) platform over the past few months. They’re all about helping their enterprise customers train and deploy generative AI models while keeping data privacy and regulatory requirements in mind. And guess what, man? They just launched the watsonx Code Assistant. This AI-powered assistant is no ordinary tool, bro. It’s specifically tailored for certain use cases.
One of those use cases is converting ancient code that runs on IBM’s mainframe systems into a more modern programming language. Now, I know that might not seem like the most exciting application for this transformative technology. But let me tell you, man, it’s a huge opportunity for IBM to keep their mainframe systems relevant and rake in some extra cash from their enterprise customers.
Alright, now let’s talk about COBOL. You ever heard of it? It’s this programming language that’s been around since 1959, man. COBOL isn’t really used for new applications anymore, with all these fancy modern languages available. But get this, IBM estimates that 70% of global banking transactions are processed on mainframe systems running COBOL. And get this, there’s like 800 billion lines of COBOL code in daily use. That’s crazy, bro!
But here’s the problem, man. No one learns COBOL anymore. It’s not taught in U.S. universities, and even if it was, learning COBOL is probably not gonna get you far in your career. So, companies running COBOL-powered workloads are in a tough spot. They need specialized talent to rewrite all that ancient code, and good luck finding that, bro. And the longer they wait, the smaller the pool of COBOL-savvy programmers gets.
But hey, IBM has a solution, man. They came up with watsonx Code Assistant for Z. It’s a specialized version of their code assistant that uses AI to map out a COBOL application and split it up into modular parts. Then, it converts those parts into modern Java code. Pretty cool, right? The only thing it can’t do just yet is validation testing, but they’re planning to add that feature in the future.
So, why is this AI tool such a big deal? First, it gives mainframe customers a way to modernize their applications without ditching the mainframe altogether. Second, it lets IBM strengthen its relationship with mainframe customers. And third, it boosts IBM’s consulting business, man. Their consulting arm will help customers identify which applications to modernize and work with other parts of the company to create custom solutions. It’s a win-win, bro!
Oh, and here’s a sweet bonus for clients. With all those COBOL-powered apps in the banking and financial services industry, data privacy is a big concern. But by partnering with IBM and using their watsonx platform, clients can rest easy knowing their data is secure.
You gotta hand it to IBM, man. Their AI strategy is all about helping clients be more productive, efficient, and save money. Converting legacy COBOL apps to a modern language manually is such a pain in the butt and would cost a fortune in time, money, and disruption. But with this new AI tool, mainframe customers got another option, bro. They can bring their mission-critical apps into the 21st century and give IBM’s mainframe business a boost.
And hey, dig this, man. There are 10 stocks out there that our analyst team thinks are even better than International Business Machines. Can you believe it? These guys have been running the Motley Fool Stock Advisor newsletter for over a decade, and they’ve tripled the market, man. They just revealed their top 10 picks, and IBM didn’t make the cut. Crazy, right?
Anyway, that’s the scoop, bro. Just remember, these views and opinions are solely those of the author, man, and don’t necessarily reflect those of Nasdaq, Inc. Keep on rockin’!