Maybe it's expensive, difficult and risky, but I personally think it's necessary... Isn't it high time for BNY Mellon to invest a bit more into our technology?
15 replies (most recent on top)
@1erne, link to ANY indication that BK got covid money or it didn't happen.
Just don’t see our systems ever improving. If they couldn’t do it with the COVID windfall it indicates that they can’t do it. No vision.
@Ttmq,
The systems I supported had tons of simple enhancements we could have implemented to increase efficiencies. There were PLENTY of things we could do before diving more into AI and machine learning.
But I was fired along with dozens of co-workers during peak covid season. I was able to sneak a few enhancements in over the last few years when we were spending all our time on gf migrations, fail over and stay, tracking EH issues that were related to our supporting systems, migrating off bxp1 etc, etc.
Come on now, we’ve moved from green screens to PCOMM in the majority of cubicles.
Nobody in the organization will pay up to get some serious AI automation experts to save Operations time and money. Endless server migrations are easy. Analyzing workflows and automating them with AI is hard and we simply don’t have that competency and are too cheap to pay up for it. Closest we’ve got is to pay Regelman to pontificate on it and we got what we paid for…
Our technology capabilities are now limited only to hardware migration. The difficult stuff like building solutions that save money or automate Operations tasks are beyond our abilities. Sad to see the fall and the failure here.
What if we put a moratorium on endless tech migrations and took a year to fix bugs that impact customers and employees?
We've spent plenty modernizing our "technology". Sure, we need to do a lot more with things such as auto testing and deployments, but we have a state of the art data center and monitoring tools that go along with it.
Many apps need to be updated and enhanced but there's no reason to convert many of them to websockets or mobile apps or http3. Change for the sake of change just costs us money.
Remember in 2018, when the tax cuts went into effect, and PNC gave every employee $1000 bonus? BNY said “we’re investing in our technology”. Uuhhh…. Hhhmmm
Can’t say that they didn’t pony up the money to invest in technology. Can’t say where the heck it all went either. Still a mid 1990s shop.
6 years of Greenfield migrations and not permitted to fix a single bug, not even bugs that surfaced in the migration due to GF design issues.
You can propose projects and if it will make us money you'll probably get funding.
Peakon yet another colossal failure. No one uses them and they are easily gamed
How do I upvote poster #1? I’m putting this into a peakon survey by the way!
They have been, in a LOT of cases. The problem is that they try to build new systems in-house, and then run out of allocated funding mid-development. You then end up w/ a half-baked solution that causes users to employ constant workarounds and IT DRIVES USERS NUTS. I know people who have quit because the "new" system is such a pain in the a$$ to use.