ANZ banks AI: Smarter, Cheaper Code
AI is transforming software development, cutting costs, boosting speed, and changing the game for businesses.
AI now solves coding tasks with impressive speed and low costs.
ANZ Bank cut development time by 70% using AI.
CEOs must act now to leverage AI or risk falling behind.
AI Revolution: Faster, Smarter, Cheaper Code
Welcome to the future of software development, where AI isn’t just helping—it’s leading. Imagine cutting your coding costs while speeding up projects by 70%. This isn't science fiction; it’s happening now. AI is transforming how companies build software, and the results are staggering.
AI is Taking Over: The Proof is Here
In a recent experiment, AI tackled Leetcode problems—tasks that often challenge human coders. The result? Claude 3.5’s Sonnet API solved 633 problems in just 24 hours with an 86% success rate, all for only $9 in API credits. This isn’t just impressive; it’s a clear sign of AI’s growing dominance in the tech world.
ANZ Bank’s AI Success Story
Think AI is all hype? Think again. ANZ Bank is already using AI to level up its software development. By leveraging GitHub Copilot, they generated 90% of the code for a new web app, slashing development time by 70%. What used to take months now takes weeks, all while reducing errors and simplifying complex tasks.
AI Supporting Legacy Systems
AI’s impact doesn’t stop at new projects—it’s also breathing new life into legacy systems. Companies dealing with outdated systems built on languages like Cobol, can use AI to modernise and maintain these critical infrastructures. AI tools can translate Cobol code into more modern languages, reducing the reliance on increasingly scarce Cobol experts. This process speeds up system upgrades and helps manage the technical debt that can accumulate from years of quick fixes and undocumented changes.
CEOs, This is Your Moment
The AI revolution is here, and it’s transforming software development. If you’re not already exploring AI, you’re falling behind. The benefits are clear: reduced costs, faster projects, and more strategic focus. This is your chance to lead your company into the future. Embrace AI now, and watch your business transform faster, smarter, and cheaper.
Proceed with Caution: Risks and Precautions
However, AI integration isn’t without risks. Relying heavily on AI can lead to over-dependence, reducing the development team’s critical thinking and problem-solving skills. Maintaining a balance is essential by using AI as a tool, not a crutch. Regularly audit AI-generated code for errors or security vulnerabilities, and ensure your team remains engaged and skilled in manual coding practices. By taking these precautions, you can harness AI’s power while mitigating potential downsides.