Anthropic AI’s COBOL code advances unlock new doors for IT companies

Industry leaders say Anthropic’s advances in automating COBOL code could lower migration costs and create new opportunities for IT service firms. HCLTech CEO C Vijayakumar noted modernising mainframes is complex, with tools, integrations and business logic posing challenges. Despite IBM’s stock drop, experts stressed that enterprise deployment of AI will expand IT services rather than replace them.