COBOL is the language of common business-oriented and is a very popular language still in use in financial and administrative systems of different organizations. COBOL was first specified by a group of three government agencies and six computer manufacturers in the United States. COBOL has been in use since the late fifties and is still evolving, due to its popularity among the user community. In the next 10 years following the definition of COBOL, various versions of COBOL went out on the market by various software vendors and compatibility between these versions became a problem. The American National Standard Institute (ANSI) intervened to introduce a standard version of COBOL in 1968 and has regularly published new versions of the standard ever since. COBOL was adopted by the business community for its operations in large part due to the construction of natural language used in COBOL programming. Just before 2000, however, it is estimated that about 80% of business around the world ran on COBOL - a fact that caused a huge amount of effort spent on making these systems compatible by 2000. This effort was initiated because the majority of business operations with dates indexed and so far, COBOL has been using a field of two-digit date had to be modified in one of four digits to accommodate the new millennium. Existing COBOL compilers for multiple platforms and is common to see COBOL applications running on IBM z / OS, Windows, Unix and Linux. COBOL has evolved to include object-oriented paradigm and support Unicode and XML. The latest versions of COBOL can easily interact with programs written in languages such as C on.NET frameworks and Java. COBOL incorporates techniques such as repetition and can be used for scientific computing, as well as business applications. The detailed syntax and declarations of COBOL programs to be easy even for a layman to understand what you are doing the program. The same feature that made COBOL popular among the business community has been targeted by some in the community of programmers. COBOL's critics have cited the talk of the programs written in COBOL as a negative aspect of the programs written in this language.
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