Business leaders admit secretly using tools such as ChatGPT to carry out jobs. Survey of 600 global CEOs finds nearly half believe they are in danger too. Incompetent Charlie can be replaced by AI.
https://www.dailymail.co.uk/sciencetech/article-13306645/Even-boss-worried-Hundreds-chief-executives-fear-AI-steal-jobs-too.html
TK better worry that a Lemon from her precious lemon tree will be able to do her job.
@1wjd+1s2Ocapz, You know Vince Lombardi has said "Hope is not a strategy". Oh, and this bank kicked me out many months ago. So there is no "us". In retrospect "the toxic executives and managers" didn't want to be told that their silo's SOR was redundant. There are an amazing number of purchased systems that store the same info over and over again in this bank. Yes, Wells Fargo buys one of everything. The license fees must be huge.
Back to AI....
Has anyone figured out how many jobs "Fargo" has taken away?
Also anyone know when the robo-tellers are coming to Wells?
@1dhb+1s2Ocapz I agree "silo busting" has been and will be difficult to achieve at Wells Fargo. Not until they release the stranglehold the toxic managers have over the silos will efficiency be achieved.
However, this is why I think HY/McKinsey tactic. First, they got all the architects to extensively document the SOR (system of records) at the bank. Then they laid a lot of them off. I am betting that this "SOR" work is or will be used sometime.
Second, they centralize all the microservice/api design/management roles to HY and India. Been looking for but haven't found too many mesh administrative roles but they will pop up soon and will be in HY and/or India. An aside -- this bank is strange in that there are few architects and "programmer" jobs. Is AI already replacing folks?
Third, I feel in the end HY won't give a sh--t about their toxic executives and managers. In a few years, most of these toxic managers will be at wit's end having to deal with all the lower cast of offshored P&I.
Note that there will be three levels of IT workers: those who are building AI (loading models), those who know how to use AI, and those who don't.
But there is another cast of IT talent provided by InfoSys/McKinsey/TCS etc. They have their digital banking models and "proven" bank mobile digitization (the Indian banking system). Combine that with what @1mfs+1s2Ocapz and the stored "SOR" and generate a transformation system.
Somewhere along the line HY management will consider the politically toxic executives and managers "inefficient" by holding on to their crumbling silos and will be summarily let go. Karma is a B..tch. @1dhb+1s2Ocapz can I say toxic executives and managers one more time?
@1rni+1s2Ocapz, silo busting is a little difficult to achieve at Wells Fargo. The reason is that a lot of toxic executives and managers want to keep their political silos so that they can keep playing toxic games. Wells Fargo is not only technologically behind but also politically too corrupt to evolve.
Oh, and I forgot what I call the "silo busting". Feed the AI model where the SOR (system of record) is now, what application feeds them, and what are the relationships. Map to a domain model. Build a mesh and microservices API. Then start generating. All generations have built-in compliance, risk, and integrity tests and crud with SOR. All of the other banks are gearing up to do this (you only have to look at the job descriptions). Wells is about 2 years behind and more (if not totally) dependent on India. Oh and if you doubt me just throw the above into Gemini or Chat! So if you are a tech manager managing a silo (or silos) the AI tornado is coming.
How about all of those new government jobs (that have been fueling this bull market) and the economy being automated? Or all of the 29,000 economist jobs at the Federal Reserve system? Now we are talking.
I am in AI Master degree program. My research work and thesis are about a highly-specialized AI designed to perform varying-level management function. The learning model includes CEO capability domain. It is coming. Soon.
I use it all the time, cuts my work in hand and I can stand by the water cooler for some of that spontaneous generation of ideas I’ve heard so much about
These executives descendants will also suffer the consequences of their actions.
This isn’t news to anyone. Over 30% of American jobs could be eliminated from AI by 2030.