Introduction of COBOL (Common Business-Oriented Language)

Developed by the Conference on Data Systems Languages (CODASYL) committee, with significant contributions from Grace Hopper, COBOL was designed to be a standardized, English-like programming language for business applications.

Significance

COBOL drastically lowered the barrier to entry for business programming, allowing more developers to create and maintain complex custom applications. Its longevity (still in use today) underscores its foundational impact on enterprise computing.