Not really an expert on the topic of AI, but I have a strange feeling it’s being sold to companies on a promise of capacity and potential which isn’t there. Designing reorgs and layoffs so extensively around it can easily become one of the stupidest business decisions from the category “wishful thinking” in recent memory .
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The Industrial Revolution was about progress, automation and labor saving automation. You have it exactly backwards. You are a true Luddite. A follower of Ned Ludd. Your University of Phoenix did not serve you well.
The only use of A.I. that could succeed is automating Robin Vince.
The bot could ask random things such as “Is it done yet?”, “Are we using our best practices”, “How many employees are not meeting RTO?”, “How can we wrangle away more of our employees 401K match”…
@uss, not sure what they taught you at UOP, but the industrial revolution was not a battle against new machines.
For the most part AI will be just like the computer revolution and the internet revolution. It will affect just about every job and eliminate some but it's still just a tool to make employees more efficient.
Some things such as self driving cars will be slower to catch on even if they're better than human drivers, but if AI can do an OPs job making errors that cost less than a person, it will happen quickly.
But our company will just continue to slap AI and automation on poor workflows instead of fixing things right.
With the brain drain from departed boomers it’s not clear that the Bank can pull off any serious initiative. The McKinsey children don’t have a prayer of pulling off any significant project.
For the most part AI will be just like the computer revolution and the internet revolution. It will affect just about every job and eliminate some but it's still just a tool to make employees more efficient.
Some things such as self driving cars will be slower to catch on even if they're better than human drivers, but if AI can do an OPs job making errors that cost less than a person, it will happen quickly.
But our company will just continue to slap AI and automation on poor workflows instead of fixing things right.
This bs project is supposed to be an automation project . Its literally the whole point and yet they are building everybting to be manual. Yet upper mgmt is saying nothing to them other than great job. Great job for what? Taking a manual process and making it manual. Or not involving the teams who own the processes and just changing and deploying into production without them approving, reviewing , testing etc? Great idea. I pray they break something so bad it causes major impact
Don’t get me wrong here, I’m one of you )terribly wronged by this company) but with acquaintances in the AI side in real startups, it is not all bullsh-t. The best use cases for AI are in predictive analytics and detention. Applicable areas are: manual data entry jobs and within it few sections. You would still need manual intervention for 4 eyes principle check. Is this bank the best place to implement AI? Only certain sections of Ops, trading flows liquidity management etc. But go about massive reorgs is stupidity at this stage or ever. You reduce your interns intake for tasks AI can do. Not seasoned professionals who know implement and deliver
We need another Industrial Revolution against AI and machine learning.
As long as the stock price is rising who cares about AI? Nvidia's net worth is more than France's GDP right now, we all know it's a bubble but who cares .... it's all a game
AI is still in the "garbage in - garbage out" phase.
They are just using AI as an excuse to layoff people…. AI still has a long way to go.