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…
Skandia consists of several different companies, of which insurance and banking are the two largest. The insurance business has old roots: the pension company was started as early as 1855, while the bank only started in 1994, yet it was first as a purely telephone bank. In light of this, the technical basis on which each…
More countries are adopting laws designed to protect the privacy of citizens and local entities by defining how data can be securely collected, stored, and used. Many organisations are re-evaluating how to comply with the changing geo-political landscape and privacy/security regulations, which requires defining some relevant concepts: Digital sovereignty – the ability to have full control…
Amazon’s cloud computing division, AWS, is shifting its focus towards large language models (LLMs) and generative AI-based offerings as it continues to see a downward spiral in overall revenue growth. Amazon Web Services (AWS) posted a 16% year-on-year growth for the first quarter of fiscal year 2023 on the back of a revenue of $21.4…
At this time of dynamic business and market changes, uncertainty, and quickly evolving consumption models for IT infrastructure, every IT executive understands the benefits and necessity of network agility. Agile networks can respond quickly to changes in the market, customer demands, employee requirements, and technology advances. Yet most businesses haven’t tapped into two major capabilities…
Technical debt is no longer just a “technical” problem. As recent, widely publicized events have shown, it is a business problem that can have serious consequences for organizations. The government and Congress are taking notice of unfair consumer experiences, and it is crucial for businesses to address their technical debt and minimize the risk of…
In a few short months, generative AI has become a very hot topic. Looking beyond the hype, generative AI is a groundbreaking technology, enabling novel capabilities as it moves rapidly into the enterprise world. According to a CRM survey, 67% of IT leaders are prioritizing generative AI for their business within the next year and a half—despite looming…
The past year was rough for the tech industry, with several companies reporting layoffs and the looming threat of a recession. But despite the bumpy year, demand for technology skills remains strong, with the US tech unemployment rate dropping to 1.5% as of January. For technologists with the right skills and expertise, the demand for…
John Meister is the senior vice president and CIO of Panera Bread, a chain of bakery-cafe fast casual restaurants with more than 2,000 locations across the United States and Canada. Over the past decade at Panera, Meister has been instrumental in driving Panera’s customer digital experience initiatives and building an innovative IT culture that continues to stay ahead…
Industry body IT Professionals New Zealand has the election year in its sights as it aims to grow the capability of people in tech at all levels—from those entering the industry to new CIOs. Formerly known as the New Zealand Computer Society, ITP has been operating for 65 years, and is focused on skills, talent…