Like humans, Machine Learning (ML) models can recognize intricate patterns and anticipate the outcome of new data. On some natural language problems, ML models have even surpassed human performance. But much like people, ML models are susceptible to error. For every ML application in the real world, estimating how [...]
Digital transformation is not only a technology strategy, it’s a plan to use technology to enable new business models, new products and services, and new strategies – and to drive business growth. However, to seize the potential, software engineering leaders need to think beyond technology and data and move [...]
Banking has undergone a significant digital transition, which goes far beyond simply switching from a traditional to a digital environment. To evaluate, connect with, and serve their clients, banks and other financial organizations must use a comprehensive digital transformation plan. Understanding client behavior, preferences, and needs is the first step [...]
What is ISO 20022? ISO 20022 is an international standard for exchanging electronic messages between banks and financial institutions. It gives the finance industry a common language and model for sending payment messages and exchanging payment data across the globe. ISO 20022 is an open global standard for financial information. It [...]
Our day-to-day lives are becoming increasingly reliant on the direction, decision-making, and support of AI systems. Never in the history of technology has the threat or the need to protect the integrity of such decision-making been more urgent or real. I recently served as an official reviewer for a new BCS [...]
I am back with blog 3 in this series! In blog 1 I introduced the concept of the Digital Complexity Paradigm (DCP), and in blog 2, I broke down the DCP by focusing on the Technical Complexity factor of that formula. As covered in blog 2, using my favorite “digital transformation [...]
In the first blog in this series, I introduced the Digital Complexity Paradigm (DCP) – which, broken down in simple terms, attempts to capture the significantly increased complexity and speed at which digital transformation (and evolution) needs to be delivered. That complexity and speed are then compounded by the [...]
According to Gartner, by the end of 2024, 75% of enterprises will shift from piloting to operationalizing AI. To innovate their way beyond the pandemic, they require an ever-increasing velocity in terms of processing, building, and delivering applications to face unprecedented competition and retain market share. Next-gen technologies are becoming [...]
According to the latest forecast by Gartner, Inc., worldwide IT spending is projected to total $4.5 trillion in 2022, an increase of 5.5% from 2021. Enterprises will increasingly build new technologies and software rather than buy and implement them, and digital technology continues to be the most popular amongst those [...]
A very belated Happy New Year to everyone, and as we enter 2022, here is to hope for a new horizon – or at least the return to a normal horizon (whatever normal means anymore)! Let’s start off the new year with a puzzler. (No reading ahead!) What household [...]
