Lots of communications emphasizing the digitization efforts, but have they accomplished anything tangible?
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I hear the latest tech push is y2k.
@9ite+1a4oTUVd, yeah, my when I went in to see my boss for my digital exam he mumbled, "It's OK if you get an ere—, Bill". My name isn't BIll but his is.
the only digitalization in this place was my annual — ahem — 'digital exam'
@3iof+1a4oTUVd, you'd sound like a typical manager except for your clueless comment about off the shelf software. We certainly use a lot of open source software and a few packages but 99% of our applications are custom software.
You're just regurgitating the whole shortsighted "silo" bit when half or our company's problems are from moving people around so much that there are no real SME's. We can still have the big picture but focus on nuances and complexities of a single system or two.
I know of more than a few "funded" projects where we delivered exactly what was specified but we never generated any revenue. Not only did it waste tens of thousand of dollars, it wasted hundreds of hours of our time that could have been spent doing little 50 hour projects to increase operational efficiency that would recoup the cost in a matter of weeks, not months or years.
Technology teams driving the company is an understandable view from a siloed heads down techie, likely working with commercial off the shelf software. It’s a lot of work no doubt. But anything significant for the businesses and their customers is owned, managed, funded and run by the businesses including their software development needs. Pretty much the same as with all banks.
@2aop+1a4oTUVd, I was at the bank 15 years. I was a consultant for years and probably help a dozen companies with y2k changes alone. In all those companies, the business owned the applications and had to sign off on any changes and were ultimately responsible for them to work reliably.
Gigawatts! Great Scott!!!
@2gzx+1a4oTUVd. They just need to harness the lightening
If BNYMellon goes to total automation of processes one day, they will start laying off computers.
BNY has pioneered the way to use cryptocurrency to buy those flux capacitors for greenfield
@2rcs+1a4oTUVd worked at dozens of companies...explains why our technology is in the dissaray that it is when these are the people we have employed. They don't put in the necessary effort because they work on one project and done. Leaving it to those who come after to correct the issues because of improper dev and deployment.
Yeah, @1idq. I've worked at dozens of companies and BNY is the only one where IT owned the application instead of the business.
How’s it going ? It’s going the same way every imitative at BNY is going. Too little, too late.
A massive waste of everyone time because of there’s no vision, no plan, no spend.
BNY Mellon operates as if we are in the mid evil times.
I honestly don’t understand how a single client tolerates them.
It's actually the other way around. The technology teams are driving the company and doing much of the work that the business should be doing. It's like pulling teeth trying to get the business areas to test changes and sign off on implementations. Which BTW, the BUSINESS should be planning and managing implementations. And the business should be the one organizing validation of the DR tests and Sunday morning wellness checks too, NOT technology! Luckily we are at least on the right path for a devops strategy, even though 95% or our apps still do manual deployments. THAT is the sad thing about downsizing technology now. There is SOOO
All talk and very little action. Technology is the worst thing about BNYM. The company has so many manual processes and year after year refuse to invest in the right technology but want to keep cutting staff like the tech is already in place. It’s madness. Someone who actually understands Operations needs to run Technology
We use OCR to capture data from faxes and modified the API we use via nexen to allow AI and machine learning components to identify the accounts and other data enter them into our system. The data are in different places on different faxes but it's actually proving to be more accurate than human entry. It's amazing how much we've accomplished the last few years compared to how stagnant we were 10 years ago. There is SOOOO much more we could do but now they're paying me to do nothing for the next 8 months.
No all we talk about is AI , Robotics , Bitcoin,Crypto , Cloud etc and how the future unfolds and then go back to manually updating our Excel sheets and PPT to track our digitisation efforts that we have to present on our next meeting . Once you present something in PPT everyone applauds and go back to their desk to complete their daily task they have to do manually as they look convinced that they are finally moving from Stone age to Operating like Boston Dynamics .