New York, NY – March 25, 2025 – Berkadia, a leader in the commercial real estate industry, announced today that Berkie—its proprietary generative AI assistant—has been named a winner of the CIO 100 Awards, which recognize 100 organizations for their innovative use of IT to deliver business value. This award highlights initiatives that create a competitive advantage, optimize business processes, enable growth, and improve customer relationships.
The competitive selection process included evaluation by a team of external judges, including former CIOs, academic researchers, and industry experts.
“We are extremely honored to have Berkie named a winner of the CIO 100 Award,” said Chief Information and Innovation Officer Damu Bashyam. “Since we implemented the platform at the beginning of last year, we’ve seen it enhance digital capabilities, drive productivity, and deliver business value in commercial real estate. However, this is just the beginning, and we look forward to advancing Berkie even further.”
Berkie has a user-friendly interface, making it accessible and effective for a wide range of users within the organization. It empowers users across Berkadia, including an integrated network of mortgage bankers, investment sales advisors, and commercial loan servicers, to analyze complex data, sources answers and responses to industry-specific questions, and quickly access new insights, with an emphasis on data quality and accuracy.
“Special thanks to Chief Technology Officer Gary Mumford for his leadership, and to our incredible AI, Data, Engineering, Product teams, as well as our business partners, for their commitment to innovative ways of solving business problems and continue to shape the future of our business,” said Bashyam.
The integration of Berkie marks a significant milestone and provides a competitive edge for Berkadia. By using a fresh approach to managing data, we’ve changed how we access and use information. With real-time data streaming and advanced AI capabilities, we’re better equipped to deliver a superior client experience and added business value.