IBM is updating its mainframe chips with the Z15. It is a 14-nanometer chip. This matters because COBOL and mainframes are still processing the bulk of global business transactions.
The IBM presentation was at the Hot Chips conference which was attended by Sander Olson.
The mainframe and enterprise assets are at the center of a digital enterprise.
220+ billion lines of COBOL
COBOL still handle more than 70% of the business transactions that take place in the world today
Virtually Limitless Scale
1.3 million CICS transactions are processed every second, every day. In comparison, there are 68,542 Google searches every second globally
You’ve likely used a mainframe today
– 400 million retail transactions daily
– 80 million ATM transactions daily
– 1 million hotel night reservations daily
– over 90% of all airline reservations.
SOURCES – Hot Chip Conference, IBM, Sander Olson
Written By Brian Wang, Nextbigfuture.com
Brian Wang is a Futurist Thought Leader and a popular Science blogger with 1 million readers per month. His blog Nextbigfuture.com is ranked #1 Science News Blog. It covers many disruptive technology and trends including Space, Robotics, Artificial Intelligence, Medicine, Anti-aging Biotechnology, and Nanotechnology.
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