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AI poised to replace entry-level positions at large financial institutions

CIO Business Intelligence

Large banking firms are quietly testing AI tools under code names such as as Socrates that could one day make the need to hire thousands of college graduates at these firms obsolete, according to the report. But that’s just the tip of the iceberg for a future of AI organizational disruptions that remain to be seen, according to the firm.

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20 issues shaping generative AI strategies today

CIO Business Intelligence

They note, too, that CIOs — being top technologists within their organizations — will be running point on those concerns as companies establish their gen AI strategies. Here’s a rundown of the top 20 issues shaping gen AI strategies today. Douglas Merrill, a partner at management consulting firm McKinsey & Co.,

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BNY Mellon’s Joseph Sieczkowski: cloud removes opportunity cost

CIO Business Intelligence

Laying the foundation for its cloud strategy, BNY Mellon undertook a multi-year application modernization effort. “In On BNY Mellon’s cloud strategy: First and foremost, we view cloud as a journey, not a destination. On BNY Mellon’s cloud strategy: First and foremost, we view cloud as a journey, not a destination.

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Generative AI’s change management challenge

CIO Business Intelligence

Despite headlines warning that artificial intelligence poses a profound risk to society , workers are curious, optimistic, and confident about the arrival of AI in the enterprise, and becoming more so with time, according to a recent survey by Boston Consulting Group (BCG). For many, their feelings are based on sound experience.

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You Don’t Have to Wait for AI, But You Should Plan Carefully!

Smarten

Create a Sandbox Environment If you are in the business of technology, you probably have a robust sandbox environment in which you can use new tools and leverage opportunities with test data to understand the value of tools like Azure OpenAI, GPT 3.x Original Post : To Use AI and GPT Now, Focus on Current State Capabilities!

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How Italian CIOs produce value with gen AI

CIO Business Intelligence

Plus, it’s used to speed up procurement analysis and insights into negotiation strategies, and reduce hiring costs with resume screening and automated candidate profile recommendations. Having overcome the initial perplexity about ChatGPT, Maffei tested gen AI in coding activity and found great benefits.

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8 Reasons Why Digital Transformations Fail (11 CIOs Weigh In)

Alation

Failing to measure the impact of digital transformation against corporate strategies and OKRs. Not surprisingly, consultant and virtual CTO/CIO Anthony McMahon poses the eternal question: “What’s the problem we’re trying to solve?”. The middle did not support the strategy change senior leadership launched.