Innovation and Technology
Capital One’s Tech Transformation

Introduction to Capital One Software
For years, Capital One has stood apart in the financial services sector by positioning itself as a technology company that happens to be in banking. Now, it has taken a bold step further by moving from building world-class technology to selling it.
The Inspiration Behind Capital One Software
This transformation mirrors a playbook made famous by Amazon. When the retail giant developed the infrastructure to support its e-commerce platform, it soon realized the broader applicability of its innovation. The result was Amazon Web Services: a cloud platform born from internal necessity that evolved into a game-changing business. In similar fashion, Capital One’s internal journey to the cloud, and the accompanying technological challenges it overcame, have birthed Capital One Software, a commercial arm offering its hard-earned solutions to other enterprises.
Building on 23 Years of Experience
Ravi Raghu, President of Capital One Software, has been with the company for more than 23 years. In that time, he’s led multiple businesses and served on the executive committee, reporting directly to CEO Rich Fairbank. His career has been defined by both entrepreneurial initiative and a focus on building high-performing teams. That combination proved critical when Capital One launched its software business in 2022.
The Birth of Capital One Software
“Right from the founding days of our company, we realized that data and technology have been at the heart of everything we do,” Raghu reflected. “When you peel back the onion, it always comes back to data.” Capital One’s shift to the public cloud was pivotal. It wasn’t just a move to modernize infrastructure; it exposed gaps in existing enterprise-grade data management tools. That led the company to build its own solutions and recognize the market potential of those innovations.
The Journey to Becoming a Technology Company
“Our journey of becoming a technology company that happens to do banking has been a decade in the making,” Raghu explained. “As we went all in on the public cloud, we realized we had to build capabilities around data management that just didn’t exist off the shelf.” This internal necessity led to the development of Slingshot, Capital One Software’s first commercially available software product aimed at optimizing the use of Snowflake. Early validation came not just from internal success, but from Snowflake itself and its other enterprise clients.
Capital One as Alpha Client
In Raghu’s words, “Capital One is the Alpha client.” The software used internally is road-tested by teams led by Rob Alexander, Capital One’s longtime CIO, and then refined for commercial release. “My job is to take that capability and morph it,” Raghu said. “We ensure it’s not bespoke to Capital One, but applicable to any enterprise, with configuration flexibility and scalability built in.”
The Evolution to Data Management and Security: Introducing Databolt
While Slingshot was focused on Snowflake optimization, conversations with early users revealed another pressing challenge: data security. This insight led to Capital One Software’s second product, Databolt. “There’s a tsunami forming, and it’s driven by three macro forces,” Raghu said. “The rise of data breaches, increasing privacy regulations and the explosion of generative AI.” Databolt’s primary innovation lies in tokenization. As Raghu described it, “Instead of locking away sensitive data, tokenization gives you a surrogate that preserves format but is indecipherable. That means your systems and models work seamlessly without compromising security.”
Supporting Generative AI at Scale
Raghu sees a major role for Databolt in enabling secure AI adoption. “Traditional security says ‘lock everything down,’ but generative AI demands access to as much data as possible,” he underscored. “With tokenization, you can let your models learn without actually exposing the sensitive data.” Raghu predicts that AI’s rise will make robust, adaptable data security more essential than ever. “We believe tokenization will be what enables generative AI to scale responsibly,” he said.
Early Customer Success
Among Databolt’s early adopters is Early Warning Services, best known as the organization behind Zelle, the service that enables individuals to electronically transfer money from their bank account to another registered user’s bank account. With a complex, multi-bank data environment, they needed top-tier security and performance. According to Raghu, “They’ve been blown away by our performance.” Capital One’s existing relationships through Slingshot have also opened doors for Databolt, offering a natural entry point for further adoption.
What Comes Next
Looking ahead, Raghu envisions a suite of tools across the entire data lifecycle, which might include data publishing, governance, access control and infrastructure management. “We’re deeply tuned into customer feedback,” he said. “That’s what led to Databolt, and it’s how we’ll decide what comes next.” Though Capital One is just getting started with its commercial software journey, the ambition is clear: to turn its internal expertise into external impact, helping enterprises navigate complex data environments with confidence.
A Virtuous Cycle
“We [at Capital One Software] stand on the shoulders of all the tech transformation that Capital One has done,” Raghu reflected. “Now we get to build for the world. And as we learn from the world, we bring those insights back to strengthen Capital One. It’s a virtuous cycle.”
Conclusion
Capital One Software is poised to make a significant impact in the technology sector, leveraging its expertise in data management and security to help enterprises navigate the complexities of the digital landscape. With its innovative products, such as Slingshot and Databolt, and its commitment to customer feedback, the company is well-positioned for success.
FAQs
Q: What is Capital One Software?
A: Capital One Software is a commercial arm of Capital One that offers software solutions to other enterprises, leveraging the company’s expertise in data management and security.
Q: What is Slingshot?
A: Slingshot is Capital One Software’s first commercially available software product, aimed at optimizing the use of Snowflake.
Q: What is Databolt?
A: Databolt is Capital One Software’s second product, focused on data security and tokenization.
Q: What is tokenization?
A: Tokenization is a process that replaces sensitive data with a surrogate that preserves format but is indecipherable, allowing systems and models to work seamlessly without compromising security.
Q: What is the goal of Capital One Software?
A: The goal of Capital One Software is to turn its internal expertise into external impact, helping enterprises navigate complex data environments with confidence.
Innovation and Technology
Business Essentials

Introduction to AI Agents and Agentic AI
The generative AI boom, catalyzed by OpenAI’s ChatGPT in late 2022, ushered in a new era of intelligent systems. But as businesses push beyond static language models, two paradigms have emerged in automation, central to the future of enterprise AI: AI agents and agentic AI.
Distinctions Between AI Agents and Agentic AI
While both represent an evolution from generative systems, their operational scopes are redefining how organizations approach automation, decision-making and AI transformation. As enterprise leaders seek to integrate next-gen AI into their workflows, understanding the distinctions between AI agents and agentic AI for automation — and their distinct strategic advantages — has now become an operational imperative.
AI Agents: Autonomous Task Execution
Traditional AI agents are autonomous software systems that execute specific, goal-oriented tasks using tools like APIs and databases. They are typically built on top of large language models such as GPT-4 or Claude 3.5, and they excel in domains like customer service, scheduling, internal search and email prioritization. What differentiates AI agents from generative AI is their tool-augmented intelligence — they don’t just respond to prompts; they plan, act and iterate based on user goals set up earlier in the process.
Examples of AI Agents
Popular implementations include OpenAI’s Operator or ClickUp Brain — agents that autonomously complete HR tasks, automate workflows or even handle enterprise search across documentation platforms. AI agents have reduced customer support ticket resolution time by over 40% and increased internal knowledge retrieval accuracy by 29%, according to recent benchmarks.
Agentic AI: Coordinated Intelligence
Agentic AI represents an architectural leap beyond standalone agents. These systems are composed of multiple specialized agents — each performing distinct subtasks — coordinated by a central orchestrator or decentralized communication layer. Think of it as an intelligent ecosystem rather than a single-function intelligent tool.
Applications of Agentic AI
Agentic systems shine in high-complexity environments requiring breaking down goals, contextual memory, dynamic planning and inter-agent negotiation. In applications like supply chain optimization, autonomous robotics and research automation, they outperform single-agent systems by enabling concurrent execution, feedback loops and strategic adaptability.
Real-World Use Cases
Consider a real-world use case: a research lab using a multi-agent AutoGen pipeline to write grant proposals. One agent retrieves prior funded documents, another summarizes scientific literature, a third aligns objectives with funding requirements and a fourth formats the proposal. Together, they produce drafts in hours, not weeks — reducing overhead and boosting approval rates.
Challenges and Limitations
While promising, both AI agents and agentic AI face notable challenges. AI agents struggle with hallucinations, brittleness in prompt design and limited context retention. Agentic AI, on the other hand, contends with coordination failures, emergent unpredictability and explainability concerns.
The Future Of AI Agents And Agentic AI
Although we’re still very much in the infancy stages, AI continues its meteoric rise and the transition from reactive generative models to autonomous, orchestrated agentic systems marks a pivotal inflection point. AI agents have already proven their value in automating tasks, but agentic AI is redefining what’s possible in strategic domains — from scientific research to logistics and healthcare.
Conclusion
For business leaders, organizations that master this next frontier of intelligence and automation won’t just become more efficient and productive — they have the chance to innovate, scale and lead in ways never been seen before.
FAQs
Q: What is the main difference between AI agents and agentic AI?
A: AI agents are autonomous software systems that execute specific tasks, while agentic AI is a system composed of multiple specialized agents coordinated by a central orchestrator.
Q: What are the applications of AI agents?
A: AI agents excel in domains like customer service, scheduling, internal search and email prioritization.
Q: What are the challenges faced by AI agents and agentic AI?
A: AI agents struggle with hallucinations, brittleness in prompt design and limited context retention, while agentic AI contends with coordination failures, emergent unpredictability and explainability concerns.
Q: What is the future of AI agents and agentic AI?
A: The transition from reactive generative models to autonomous, orchestrated agentic systems marks a pivotal inflection point, and organizations that master this next frontier of intelligence and automation will have the chance to innovate, scale and lead in ways never been seen before.
Innovation and Technology
20 Mind-Blowing AI Statistics

Introduction to Artificial Intelligence Adoption
The integration of artificial intelligence into daily life has accelerated at an unprecedented pace, transforming everything from internet search results to customer service interactions and workplace productivity tools in ways that seemed impossible just two years ago. Beyond consumer applications, AI now plays a critical role in geopolitical conflicts, electoral processes, and addressing global challenges like climate change and healthcare delivery. This widespread deployment means AI’s influence extends far beyond individual users to shape broader economic and social systems that affect everyone, regardless of their personal technology adoption.
The Scope of AI Transformation
The scope and speed of this transformation demand a data-driven understanding of where we stand today and where current trends are leading us. Numbers tell stories and one thing we can be sure of in the digital age is that the revolution will be quantified. Data on adoption, usage, and societal impact (job losses, for example) helps businesses understand investments but also helps the rest of us anticipate further change. So here are 20 statistics that best reflect where we are in 2025 that can help us decode the many narratives and trends around AI.
Adoption And Investment
- $244bn Market Size: The value of the global industry for AI tools and services, representing a 31% increase over the previous year and predicted to rise to $1 trillion by 2031.
- 66% Of People Use AI Regularly: AI is an everyday reality for two-thirds of the planet’s population, according to this study.
- 378 Million Will Use AI Tools In 2025: Up from just 116 million five years ago, 64 million higher than the previous year, making it the largest year-on-year jump.
- 78% Of Organizations Use AI: Up from 55% the previous year, as reported by the Stanford HAI 2025 AI Index.
- 90% Of Hospitals Use AI For Diagnosis and Monitoring: This reflects the enthusiastic uptake of AI across the healthcare sector in many countries.
- 92% Of Students Use Generative AI: This has shot up from 66% in 2024, with 18% admitting to submitting AI-generated text with their work.
- 51% Of Marketers Already Using Generative AI: According to this Salesforce survey, with a further 22% planning to start using it soon.
Society And AI
- 46% Of Us Trust AI: Trust is critical for AI adoption, but this study shows there is some way to go.
- 56.4% Increase In Harmful AI Incidents: One index that tracks harmful AI incidents, such as damaging deepfake images and chatbot misinformation, reported this increase.
- 76% Of Experts Believe The Benefits Outweigh The Risks: Those with specialist knowledge are far more likely to believe AI is worthwhile compared to just 43% of the general public.
- 60% Of The World’s Population Lives In A Jurisdiction Covered By AI Legislation: Due to the passing of AI legislation by a growing number of countries, this has increased from 10-15% since 2020.
- 54% Of Us Will Use AI To Make Consumer Decisions: And this survey suggests we’re increasingly using generative AI to shop around.
- 35% Of Parents Discuss AI With Kids: Although this increases significantly among groups with higher levels of education, according to research.
Energy And Environmental Footprint
- 23 Gigawatts Of Electricity Will Be Burned To Power AI in 2025: This is about the same as the power usage of the United Kingdom.
- 0.5 Liters Of Water: Is used to cool data center servers for the average ChatGPT user session.
- 1.7 Gigatons of additional CO2 emissions will be created by AI use between 2025 and 2030, according to the IMF.
Jobs
- 50% Of White Collar Jobs Could Be Lost To AI: According to predictions made by Anthropic CEO Dario Amodei, calling for major changes to the way we approach job displacement.
- Women 3X More Likely To Be Displaced: Prompting calls to ensure automation doesn’t worsen workplace gender disparity.
- 40% Of Jobs Are Exposed To AI Impact: According to the IMF, which found greater exposure in advanced economies.
- 31% Downturn In Job Vacancies For “Highly Exposed” Roles: This suggests that people are already being replaced in roles such as database administration and IT specialist.
Conclusion
The numbers paint a clear picture: we’re living through an AI revolution that’s accelerating faster than most anticipated. While the technology promises incredible benefits across healthcare, education, and business, the statistics also reveal serious challenges around job displacement, energy consumption, and the growing digital divide. As we navigate 2025, the key question isn’t whether AI will reshape our world but whether we can harness its power while protecting the workers and communities most vulnerable to its disruptive effects. The data suggests we have little time to waste in finding those answers.
FAQs
- What is the projected market size of the AI industry by 2025?
- The AI market is projected to reach $244 billion by 2025.
- How many people are expected to use AI tools in 2025?
- 378 million people are expected to use AI tools in 2025.
- What percentage of organizations use AI?
- 78% of organizations use AI, according to the Stanford HAI 2025 AI Index.
- How does AI impact job markets?
- AI could potentially displace up to 50% of white-collar jobs and has a significant impact on job vacancies for highly exposed roles.
- What are the environmental concerns related to AI?
- The use of AI is expected to create 1.7 gigatons of additional CO2 emissions between 2025 and 2030, and it consumes significant amounts of electricity and water for data center operations.
Innovation and Technology
The Most Common Digital Transformation Mistakes (and How to Avoid Them)

Implementing digital transformation strategies can be a daunting task, as it requires significant changes to an organization’s culture, processes, and technology. In this article, we’ll explore the most common digital transformation mistakes and provide guidance on how to avoid them. With the right approach, businesses can unlock the full potential of digital transformation and stay ahead of the competition.
Understanding Digital Transformation
Digital transformation is a comprehensive approach to integrating digital technology into all areas of a business. It involves a cultural shift, where organizations embrace new ways of working, innovating, and delivering value to customers. To succeed, businesses must be willing to experiment, learn from failures, and continuously adapt to changing market conditions.
Defining Digital Transformation Goals
Before embarking on a digital transformation journey, it’s essential to define clear goals and objectives. This includes identifying the key drivers of change, such as improving customer experience, increasing operational efficiency, or driving innovation. By setting specific, measurable, and achievable goals, businesses can create a roadmap for success and ensure everyone is working towards the same outcomes.
Assessing Digital Maturity
Assessing an organization’s digital maturity is critical to understanding its readiness for transformation. This involves evaluating the current state of technology, processes, and culture, as well as identifying areas for improvement. By conducting a thorough assessment, businesses can identify potential roadblocks and develop targeted strategies to address them.
Common Digital Transformation Mistakes
Despite the best intentions, many businesses make critical mistakes during their digital transformation journeys. These mistakes can be costly, time-consuming, and even derail the entire transformation effort.
Lack of Clear Vision and Strategy
One of the most common mistakes is the lack of a clear vision and strategy. Without a well-defined plan, businesses can struggle to prioritize initiatives, allocate resources, and measure progress. This can lead to confusion, frustration, and a lack of momentum.
Insufficient Change Management
Digital transformation requires significant changes to an organization’s culture, processes, and technology. Insufficient change management can lead to resistance, fear, and uncertainty among employees, which can hinder the transformation effort.
Inadequate Technology Infrastructure
A robust technology infrastructure is essential for supporting digital transformation. Inadequate infrastructure can lead to system crashes, data breaches, and other technical issues that can undermine the transformation effort.
Failure to Engage Stakeholders
Digital transformation affects multiple stakeholders, including customers, employees, and partners. Failing to engage these stakeholders can lead to a lack of buy-in, adoption, and ultimately, a failed transformation effort.
Best Practices for Digital Transformation
To avoid common mistakes and ensure a successful digital transformation, businesses should follow best practices.
Develop a Clear Vision and Strategy
Developing a clear vision and strategy is critical to digital transformation success. This involves defining specific goals, objectives, and key performance indicators (KPIs) that align with the organization’s overall mission and vision.
Establish a Strong Governance Structure
A strong governance structure is essential for ensuring that digital transformation initiatives are properly managed, coordinated, and resourced. This includes establishing clear roles, responsibilities, and decision-making processes.
Foster a Culture of Innovation and Experimentation
Digital transformation requires a culture of innovation and experimentation. Businesses should encourage employees to think creatively, experiment with new ideas, and learn from failures.
Invest in Employee Training and Development
Digital transformation requires new skills and competencies. Investing in employee training and development is essential for ensuring that employees have the necessary skills to support the transformation effort.
Measuring Digital Transformation Success
Measuring digital transformation success is critical to evaluating progress, identifying areas for improvement, and making informed decisions.
Defining Key Performance Indicators (KPIs)
Defining KPIs is essential to measuring digital transformation success. This includes metrics such as customer engagement, operational efficiency, and revenue growth.
Monitoring Progress and Adjusting Course
Monitoring progress and adjusting course is critical to ensuring that digital transformation initiatives stay on track. This involves regularly reviewing KPIs, identifying areas for improvement, and making adjustments as needed.
Conclusion
Digital transformation is a complex and challenging journey, but with the right approach, businesses can unlock significant benefits and stay ahead of the competition. By understanding common mistakes, following best practices, and measuring success, businesses can ensure a successful digital transformation and achieve their goals.
Frequently Asked Questions (FAQs)
What is digital transformation?
Digital transformation is a comprehensive approach to integrating digital technology into all areas of a business, involving a cultural shift, new ways of working, innovating, and delivering value to customers.
Why is digital transformation important?
Digital transformation is important because it enables businesses to stay competitive, improve customer experience, increase operational efficiency, and drive innovation.
How long does digital transformation take?
Digital transformation is a continuous process that requires ongoing effort and commitment. The duration of a digital transformation journey varies depending on the organization’s size, complexity, and goals.
What are the common mistakes in digital transformation?
Common mistakes in digital transformation include lack of clear vision and strategy, insufficient change management, inadequate technology infrastructure, and failure to engage stakeholders.
How can businesses ensure digital transformation success?
Businesses can ensure digital transformation success by developing a clear vision and strategy, establishing a strong governance structure, fostering a culture of innovation and experimentation, investing in employee training and development, and measuring success through defined KPIs.
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