I've used automation tools I built at other firms years ago to eliminate bottlenecks and allow our teams to shrink while adding more tasks. I had a coder speak directly to the mainframe and, in one instance, close thousands of accounts in minutes. Now, AI can do money movement, open accounts, and other functions. Wells Fargo needs to adapt before someone builds an AI tool that far surpasses off shoring and layoffs. AI is far superior to mouse jigglers because you can do actual quality work from home. Just make sure to patent the tool and let management know you want to use it.
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I work with 3 people who do ABSOLUTELY FING NOTHING 5 days a week, 40 Hours a week, and then LIE about it in UPDATE MEETINGS about Operations Work
These 3 JERK MEN (yes, I'm a WOMAN and can run circles around them, do 60% of the work on the Team of 8 MEN, and get BS DISCIMINATORY COMMENTS FROM NOT ONLY THE TEAM LEAD (aka THE S-XIST), but also my MANAGER who's been with WF for over 20 Years
HE-L YES AI CAN REPLACE LAZY UNACCOUNTABLE STUPID EMPLOYEES
So LAY THEM/DISPLACE THEM THE F OUT PLEASE!
OP, AI can be a good tool, but your thought process is wrong.
@2yfm+1t9Xubz8 Then is the competitive firm still employing humans or AI agents?
Some of these posts on AI are ludicrous. I suggest googling JP Morgan +AI. Figure out what WF's competition is doing. AI will be used for the design, coding, testing, deployment of systems. WF will either take the correct approach or fail and have JPM replace WF's systems after a Big enough to fail issue.
Can AI replace a lot of workers? Sure. Will WF ever successfully implement it? If we ever do, we'll be the last bank to pull it off. Maybe 10-15 years from now. Maybe.
I know the state of the AI automation “Pending Intake Approval. ETA for the task end of 2025”. Other firms I hope have already thrown that garbage.
I sometimes wonder if any or all of these posts are being fed into an AI model. Some kick-a..s results could be achieved.
This may be true in the simplest oof tasks but our processes are far too complex for it to work without teams steering the ship. It’s clear to me OP has a limited view on the enterprise. For example, there are people that research, do complex analysis and make critical monetary decisions for business lines and our customers. In addition, risk assessments, legal decisions, marketing creatives….but yeah, patent your ideas and waste time being innovative with AI b/c guess what? ANY product, invention or patent you create is ultimately the property of WF while you work here.
That explains all the stories I've seen lately with the bank stealing money by arbitrarily closing customer accounts and freezing their money...
People have no idea what is coming in the next 3-5 years. Millions and millions of jobs are going to be wiped out.
@OP Literally everything you mentioned could be accomplished by a small shell script or workflow. You basically made the case that AI is only useful for the most menial of tasks.
I also like how you equate offshore to being worse than a well-written shell script. I don't disagree with that assessment.
GTFO with your pipe dream.