Information Anywhere, Anytime, No Problem
We have devices today that are more powerful, flexible and mobile than supercomputers of yore. This development is not lost on Suresh Kumar. "You literally have billions of devices used by literally everyone in the world," he says. The result is a public thirstier than ever for real-time information.
Suresh, BNY Mellon's Chief Information Officer, and his worldwide staff of IT professionals are focused on this. They are working to leverage innovations that not only lower costs for the company, but also enhance data security and access for clients. And in doing so, Suresh and his team help to ensure that the user experience is friendly by keeping the complexities of BNY Mellon's technology hidden.
Suresh finds the possibilities for improving the user experience for clients, motivating. It's the reason he stays focused on new trends. He has on his radar a few trends that promise to help users make better decisions, as well as perform tasks and manage risks effectively.
Three Trends Driving Information Technology
Suresh's objectives are informed by the following three trends:
- Big Data – "This is about decision science," Suresh says, "leveraging data to make better decisions." He believes a real-time view of potential risks will help improve the way users service clients and perform work.
- Pervasive Computing – With smartphones and tablets in billions of hands, there's an increased expectation among users to have the exact information when they need it at their fingertips. This is part of the effect Suresh calls "the consumerization of information technology."
- Cloud Computing and Virtualization – Storing content and applications on servers we can access from anywhere gives us the power to complete tasks from wherever we happen to be. This dramatically reduces the time to do things. We can view and work anywhere with any asset uploaded to the cloud. "What would take days, can now take minutes," Suresh says.
These changes promise to increase the ability of users to manage their financial affairs from anywhere, securely and efficiently. "Technology plays an extremely critical role in keeping the whole economy running," Suresh says. "To have the kind of computing that allows us to actually understand what takes place in the marketplace is a pretty compelling thing."
BNY Mellon is the corporate brand of The Bank of New York Mellon Corporation and may also be used as a generic term to reference the Corporation as a whole or its various subsidiaries generally.
Products and services may be provided under various brand names and in various countries by subsidiaries, affiliates, and joint ventures of The Bank of New York Mellon Corporation where authorized and regulated as required within each jurisdiction, and may include The Bank of New York Mellon, One Wall Street, New York, New York 10286, a banking corporation organized and existing pursuant to the laws of the State of New York and operating in England through its branch at One Canada Square, London E14 5AL, England. Registered in England and Wales with FC005522 and BR000818. Supervised and regulated by the New York State Department of Financial Services and the Federal Reserve. Authorized by the Prudential Regulation Authority. Subject to regulation by the Financial Conduct Authority and limited regulation by the Prudential Regulation Authority of the United Kingdom (and any successor regulatory entity). Details about the extent of our regulation by the Prudential Regulation Authority are available from us on request. Not all products and services are offered at all locations.
Material contained within this video is intended for information purposes only. It is not intended to provide legal, tax, accounting, investment, financial or other professional advice on any matter, and is not to be used as such. You should contact your independent financial advisor prior to acting on any information mentioned in the video. This is not a financial promotion. No statement or expression is an offer or solicitation to buy or sell any products or services mentioned. The contents may not be comprehensive or up-to-date, and BNY Mellon will not be responsible for updating any information contained within this video.
To the extent this video may be deemed to be a financial promotion under non-U.S. jurisdictions, it is provided for use by professional investors only and not for onward distribution to, or to be relied upon by, retail investors.
No statement or expression is an offer or solicitation to buy or sell any products or services mentioned. This video is not intended for distribution to, or use by, any person or entity in any jurisdiction or country in which such distribution or use would be contrary to local law or regulation. Similarly, this video may not be distributed or used for the purpose of offers or solicitations in any jurisdiction or in any circumstances in which such offers or solicitations are unlawful or not authorised, or where there would be, by virtue of such distribution, new or additional registration requirements. The contents may not be comprehensive or up-to-date, and BNY Mellon will not be responsible for updating any information contained within this video.
BNY Mellon assumes no liability whatsoever (direct or consequential or any other form of liability) for any action taken in reliance on the information contained in this video. Any unauthorized use of material contained in this video is at the user's own risk.
The views expressed herein are those of the speaker(s) only and not those of BNY Mellon or any of its subsidiaries or affiliates. They reflect conditions as of the date of the video and are subject to change.
THIS PROGRAM IS NOT TO BE REPRODUCED IN WHOLE OR IN PART WITHOUT THE AUTHORIZATION OF BNY MELLON.
Trademarks, service marks and logos belong to their respective owners.
© 2013 The Bank of New York Mellon Corporation. All rights reserved.