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BNY Mellon banks on AI to improve master data

CIO Business Intelligence

Data about who owes how much to whom is at the core of any bank’s business. At Bank of New York Mellon, that focus on data shows up in the org chart too. Chief Data Officer Eric Hirschhorn reports directly to the bank’s CIO and head of engineering, Bridget Engle, who also oversees CIOs for each of the bank’s business lines.

Banking 141
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Will enterprises soon keep their best gen AI use cases under wraps?

CIO Business Intelligence

Take for example French multinational Carrefour, who used it to make digital avatars and videos. Suddenly, you can create engaging customer-facing videos at the click of a button,” says Oliver Banks, retail consultant and author of Driving Retail Transformation: How to navigate disruption and change. And software code is a language.”

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The Hidden Gem of Savings in the Software Delivery. And no, it’s not AI

CIO Business Intelligence

According to Deloitte research , AI will boost the productivity of software development processes from 50% to 1000%. It will improve project management, help with requirements creation, assist developers with coding, cover the system with auto-tests, report defects, and improve deployment.

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AI adoption accelerates as enterprise PoCs show productivity gains

CIO Business Intelligence

To be successful, an AI proof of concept (PoC) project also needs to make good business sense, says CIO Vikram Nafde, CIO at Connecticut-based Webster Bank. Webster Bank is following a similar strategy. At Eaton, for example, an AI-based sales forecasting tool has the potential to boost productivity dramatically.

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How CIOs reinterpret their role through AI

CIO Business Intelligence

As businesses digitally transform, technology is increasingly integrated into every activity, and the CIO is becoming more of a catalyst for data-driven value creation through analytics, new AI model training, software development, automation, vendor engagement, and more. The first step in this transformation was organizational.

Banking 92
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Modernizing the mainframe for the digital era

CIO Business Intelligence

I’m a banking technologist,” says the CIO for retail, business, and digital banking at M&T Bank. He’s doing just that on the bank’s IBM Z system mainframes, for which the bank has written some 10 million lines of code over the years. The bank’s use of its mainframes is two-pronged. M&T Bank.

IBM 144
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7 cloud market trends and how they will impact IT

CIO Business Intelligence

And AWS recently announced Bedrock, a fully managed service that enables enterprise software developers to embed gen AI functionality into their programs. Early adopters of industry clouds were healthcare, banking, and tech companies, but that has expanded to energy, manufacturing, public sector, and media.

Trends 144