If you look at the job openings, more than half of the jobs in US are in technology the rest are in other lob. This is going to be rough
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Why would the company spend money training employees if their future with the company is uncertain ?
Those 6's have been superceded with a new 2021 6 T's; please keep up with the current acronyms
You haven't solved any problems with your unsubstantiated hopes and dreams.
You're like our top execs, agile and cloud, 6s and a positive attitude is all it will take right? lol
Prediction: Wells will move databases into the cloud and the schema will remain completely unchanged. Due to hand written SQL descending from even initial mainframe issues there will be a ton of new security hacks as it will be running in a public cloud. SQL injection vulnerabilities will run rampant. Those who remain fans know the original schema errors and understand the convoluted SQL will be completely unaware of the vulnerabilities, let alone how to rewrite the front end.
Moving to the cloud with the apps/database as-is, is step 1. This will remove the need to pay for datacenters and all the costly baggage there. On average, moving from on-premises to cloud saves companies around 60-80%. Step two is to refine your software and database design in the cloud, where costs are lower and speed improves. Step three, converting database formats isn’t impossible, just requires a program to perform ETL and dump it to some data warehouse. If there’s a way to query any database then there’s a way to extract the data out - plain and simple.
There is so much that can be done, it just takes the willingness to see through the problem and focus on solutions. It seems most here see problems and stop there, I’m not one of them. I like impossible challenges and I guess that’s why I code and read up on what cloud infras are doing. There’s a solution to everything, it’s just having to live with the trade offs.
I think I heard that it will be moving to the public cloud in 2021?
They dont get it the management so it will never improve. Just continue with breaking it up and selling to companies with qualified management is best choice. Why do they hire people, all they do is push paper, and call them Engineers? Is management on planet Earth like the rest of us?
Then in ICS, they dont even know what a real cloud is. Then they try doing operations work but have workers without any skills and more issues in that area. ICS needs to do ICS work and Operations needs to do operations work.
@2zzg+18Cojr3R You miss the point as we always do at Wells. Certainly you can s— the data into an AWS Cloud. It’s simple stuff to move the same junk elsewhere, The POINT IS that it’s the same old c-ap in a new location. What needs to be done is much more difficult. We have Oracle databases which descend from VSAM flat files and still work that way. It’s not about moving it to a cloud, it’s about restructuring it into a relational database with a well thought out schema so that you can use it as an actual database with multiple updates and locking while reading as well. And use standard cheaper tools to access it and answer business queries.
Everything at Wells looks like 1980 because people have never changed their thinking from 1980.
With all due respect that sounds like C suite magical thinking. The cloud isn't magic, you still need to fix the fundamental issues. You cant do what we usually do take the shortest cuts with minimal effort throw some band aids on the current mess and ship it to the cloud and expect good results.
@2kuv+18Cojr3R Sorry, I’m just not buying it. No way that a tech organization mired in 1970s (Hogan) to mid 1990s first efforts web sites sitting on flat file data is ready to work on quantum computing. Let’s set a 5 year goal just to get our data into a normalized relational Oracle Exadata environment and then let’s try to move into the 2000s with some middleware. No way we are jumping 35 years in a flash with obsolete skill sets and even more obsolete thinking.
Word. No idea why they downtick this.
@2kuv believe it or not, MSFT, Google, and AWS have database migration services that will move the aged Oracle stuff into their clouds and other databases - that’s a huge step 1. So moving a legacy 70’s-2000’s systems might be easier and faster than one would think.
To previous post, i agree use that as a service and also AWS is a great choice for cloud
WF isn’t going to build their own QC, just use it as a service. No different than using EC2 and EBS volumes.
@2nbh+18Cojr3R Sorry, I’m just not buying it. No way that a tech organization mired in 1970s (Hogan) to mid 1990s first efforts web sites sitting on flat file data is ready to work on quantum computing. Let’s set a 5 year goal just to get our data into a normalized relational Oracle Exadata environment and then let’s try to move into the 2000s with some middleware. No way we are jumping 35 years in a flash with obsolete skill sets and even more obsolete thinking.
Good for them... Post from TheLayoff.com
God help us if Wells starts playing their same old games in crypto currencies. The damage we’ve done with traditional currencies were bad enough.
SDLC and auditors require BRDs. They are required for our CR processes and compliance. The difference is that with Agile, you can create a BRD from the user stories rather than require a BRD from the start. Enterprise SDLC practices need to catch up with Agile. This being said, The original OP is correct, technology is where the money is going to be over the next 20 years. Learn the skills. If you prefer softer skills be a product owner. I'm really surprised at people who are surprised by Agile and by technology right now. (FYI - user friendly UX usually requires the additional money for UX and UI teams. Usually subject matter experts in their fiefdoms prefer to create the UX themselves and don't want to pay the extra money for UX/UI designers, and it turns out really poorly)
Nothing on earth can fix human fallacies - not a president, not a support group, not a religion, and certainly not technology - this is common knowledge. Now what a president, a support group, religion, and technology CAN do is lead, advise, provide morale code, and verify/simplify our lives.
If WF took tech more seriously, they would’ve noticed a few things. For one, they were opening may too many branches given the localized population. Two, the rate of account openings (analytics) probably looked unnatural. Three, the IP address location, compared to the users home location, probably looked bogus. The list goes on and on, believe me.
The amount of logic, data, and analytics that can be used to detect fraud and anomalous behavior, for both internal and external entities, are tremendous. I am certain all the illegal account openings would’ve been detected fairly quickly. Shoot, google, Twitter, and other large user-based companies use technology to detect and delete fake accounts. Credit card companies, for years, can detect fraudulent or buying pattern inconsistencies. Mix just these two “technologies” together at WF a decade ago, I think those account scandals would’ve been identified much earlier through internal audits.
So, technology isn’t the answer alone but it will bring intelligence to people and allow us to make data-driven, informed decisions. This always beats anecdotes, intuition, trusting people to be honest , and PowerPoint decks any day.
you should quit. Go work somewhere else. No one wants you.
We had big data that showed that '8 is great' was patently unprofitable but the HUMANS ignored the data and ignored or fired all those that 'raised their hand' and more humans kept pushing for immoral/illegal actions such as creating more accounts without customers input. Humans failed and technology does not fix that. It never will, whether you call it big data, quantum or anything else. If you hang your reputation on quantum (like Ravi and Saul do) you will fight with all your might to silence those that 'raise their hands'
Instead of just putting your head down and complaining, why don't you do something about it? Take the initiative. Nope, because you don't care either. People who don't care also getting laid off. As a hiring manager I was told to loose people who are useless and or don't care about the Team's efforts. Also I am told hire people who are truly passionate about their skills. If such inefficiencies are happening, execs will notice and the entire team(including you) will get stripped.
hint hint HINT!!
The thing is there are thousands of people who are more qualified and more experienced that currently don't have jobs and they would love to be in your position.
People need to start taking initiative and bring something valuable/new. Putting your head down and doing the same work is no longer going to cut it.
As to you saying that progress not being made is a slap in the face, to all the risk and dev teams who are working to improve these problems. Let me tell you how it works:
Once a process gets changed, it must go through multi level approval. All the way up to the CIO. This is because these processes are critical and we must make sure there would be no future security and legal risks involved. This is why it takes time. This is why people say, "We are restructuring". Changes are happening from the ground up. Its like making upgrades into a airplane while its flying, making sure the part works before fully integrating it.
You should be able to see what is happening by now, if you don't, that is extremely worrying, and you may be under qualified or you just don't care about your job.
@2mus+18Cojr3R, thing is talk is cheap, results matter. I dont think quantum computing would be the next step here. They need to go to the cloud and get rid of all these manual processes. Then really need to add digital currency too - bitcoin.
The issue i find in our group we have this tech secretary that constantly making new long running processes even worse than ever, manager either doesnt understand or care. See its probably to save his job since he has no technical skills. So no progress only things getting worse.
I come from a company with 600k employees and they were light years ahead of here so dont think large company is the issue and also in a highly regulated industry; its the middle tier of management blocking as much as they can, making things not move ahead.
Quantum Computing is definitely an area worth exploring and investing in now (vs. later). Investments in these areas will definitely attract the best and brightest for sure. Lucky for Wells (and others) AWS and Google have QC as a service and seems like their have SDK’s and other tool chains / compilers available. It would be interesting to see how well QC’s perform against supercomputers. This is definitely a game changer, could make Bitcoin more secure or can make the area if quants really interesting by doing real time risk analysis
Can confirm. Been too a few town halls and there have been talks and deals with Quantum Research Companies in California
Wells... getting into quantum computing. This made my day!
And here I thought that we were still struggling to move from the the HP-12C to Excel.
Do tell... are there any jet packs in use?
@2zku+18Cojr3R I am a SWE here in Charlotte. Yes, most tech teams in data are doing code and developing cool things. The head of Tech, Saul is actaully making a push for Wells Fargo to get involved in Quantum Computing, just like JPMC and Goldman Sachs. Cool things are coming.
And also before anyone says they don't see changes, calm down. Wells Fargo is a massive company and right now it takes time. My team alone has eliminated hundreds of processes that would take days down to a few hours. Other dedicated dev teams are doing the same.
So yes, right now we are not the fastest, but I can see the changes happening. Not fast, but at a steady pace.
@2blo I am hoping I can get to code in Go at WF. I’ve been a closet advocate of statically compiled programming languages. And I agree Python is used everywhere, it’s Swiss army “utility” aspect and minimally expressive grammar is exactly why I think it’s a great language and is pretty readable to the untrained developers eye.
Java is popular in the enterprise for sure, but i have mostly used these –>
backend and middle tier - python , go; and then
Python pretty much is used at every company for different things. Then of course is good for AI.
@1ilv+18Cojr3R, are you sure this is he/she is real?
wonder if they are making more than the c level members?
For enterprises, Java seems to reign supreme. I do think this is out of existing code base born from the 2000 era and maintained throughout the decades. I do code in Java and it’s not my go to language at all since I’ve gotten accustomed to event-driven architectures, which are usually the JS, Python, Ruby, and (lately with some friends outside WF) Go. I’m a firm believer there’s a solid fit for every language, it all depends on the scenario - shoot I’ll code C++ if high performance/high precision coding is required. To me, the language doesn’t matter, it just needs to match the requirement if the app I’m building.
JP Morgan is allowing Bitcoin:
https://news.bitcoin.com/jpmorgan-chase-bitcoin-businesses/
Along with PayPal and others. Is Wells going this route?
@1ilx+18Cojr3R Java is indeed on a death March due to Oracle’s destruction of the security after their acquisition of Sun. The most secure language ever utterly destroyed to make Androids run faster. Inexcusable.
@1yfg+18Cojr3R offshore resources? I’ve only worked with 1 or 2 out of well over a thousand offshore people who were competent software developers. Those who come to the U.S. for a year or two, learn the culture and most importantly have access to the “can do” attitude and learn that they can take initiative and make their own decisions eventually can do everything that Americans can. But don’t expect this from India... the top down command and control culture reduces them to scripting, barely functional even in Operations. Sadly the business is unaware of this.
Java is hardly dying, its the generally preferred "cloud" language and cloud is another big initiative. I've heard nothing about eliminating CR's, you have to document change though I agree the way they implement change documentation and approval is an absolute joke of a clown car. I heard they want to replace the current tool used for CR's to Service Now, I think it was called.
I spoke to someone in the EGS unit and they did not know how to code they said. Wonder why management wants us to speak to these types of resources with everything else going on and try to train them when they don't do coding? I thought someone said they do bug fixes and such??
@1cny+18Cojr3R Sorry, changing regulations is no excuse for spaghetti code. In fact, it is an argument fo careful design and modular reusable code. This is widely understood everywhere in Financial Services except for Wells apparently.
Sure @1qzm+18Cojr3R ... I just don’t think that Wells is hiring farmers.
Java is a dying language and has a lot of security issues. C Suite should not be giving technical recomendations as it is outside of their knowledge. There are a lot of new languages that are much better than java.
Didn't the CIO office say they are getting rid of those annoying CR's as it is all fake and usually paperwork isn't right. Then you have those tech secretaries reviewing it and really have no idea what they are reading, they lack any knowledge. Why doesn't the bank get rid of these fake Cr' reviewers? Waste of Money. Managers in ICS use them too. They also like to pretend they are in management
@1pcg+18Cojr3R
"It sounds like the problem is lack of agility, as another commentator said. Perhaps the real problem is that no matter how many talented people we hire, it won’t matter if you continue to be hamstrung from the top. I would think the talented will eventually become frustrated and leave. Even under Charlie, Wells is never going to be forward-thinking, limber, or be willing to invest the real money needed for technology."
I personally know 4 developers who left WIMT in last 3 or so years due to frustration with the work and to go where they actually write code and see it go into "production" almost immediately instead of Wells where it takes weeks or months of burdensome non-coding tasks to get even relatively small changes delivered. I find that most developers are more then competent, quite good. Wells rewards developers quite well compared to market and there is also the inertia that holds some people back.
The reason our websites are counterintuitive, our infrastructure is old and our business applications are outdated, need new functionality or just plain don't work well is management.
C-suite says do java do agile but don't give a blueprint (or money) to middle managers to get it done so it just doesn't happen most cases. Tech managers don't want to pay for change out of their budgets cause it hurts their bonus. Business partners don't want to pay the ridiculous internal costs of change so they use spreadsheets or hire their own outside vendor to do it.
Any ethnicity can develop “anything” really, given the right set of information. The problems I had in the past with outsourced dev teams was primarily around communication clarity, discipline with meeting agreed-upon deadlines, and their management practices.
For the more nuanced (the business/compliance algorithms) and code that is deemed WF intellectual property (the stuff that gets patented or is our secret sauce), that stuff is done in the US, that’s as far as I’ve seen so far. Outsourcing development are usually the medial development tasks no one here wants to do, it’s the coding stuff anyone who’s taken a coding boot camp can do.
In general, when it comes to outsourcing, the research and development will always be in the US. The manufacturing and assembly can be done abroad. Like Apple, the overseas manufacturing is done separately where no one manufacturing can sensibly reverse engineer the iPhone. WF and many other US company use this strategy when outsourcing, it’d be nuts if we let one overseas company literally create everything because, then, they can easily just start their own company.
Apparently she just grew a beard. The plot thickens...