Can IT management & CIOs surf the technology waves?

I have always posed the point that IT management has a much greater impact on the bottom line than a company’s management ever realizes. That's because the decisions they make today have a tail impact that may not be evident for years—by which time the impact will be unavoidable. A good CIO has to recognize this, and needs to weigh the future risks involved in the decisions and the strategies they make now, as these will become a part of the makings of a future cost structure which has limited or no room for reduction.

Topics: CIO

Changing the IT dynamics in financial services

Over the last 30 years the financial industry has gone through a continuous cycle of growth and retraction, the latter caused by internal structural issues, or by macro-economic events. There is no way one can plan for these events, except to accept that they are a factor that has to be catered for.

Distributed Ledger Technology: Do the benefits outweigh the risks?

This blog originally appeared on TabbFORUM.

In the fintech community we have become accustomed to the constantly changing “hot subject of the year”. As new technology capability arrives, it is used to solve another of the verticals problems, while in many cases create new ones.The interest in an “emergent” * technology like Distributed Ledger Technology (DLT) is not really new, however the level of interest is.

Can Free Be Too Expensive?

 

A lot of interest has been generated by Goldman Sachs announcing that they will be providing their own software and tools available to others. This gesture should not be confused with opensourcing. It is still Goldman Sachs’ property, but those who take it are free to make changes to meet their needs.

This opens an entire set of questions for their end users. Or at least, it should.

Topics: Insider, Fintech

Why does innovation favor the bold?

 

This blog originally appeared on Finextra.

Innovation is defined simply as a "new idea, device, or method". However, innovation is often also viewed as the application of better solutions that meet new requirements, unarticulated needs, or existing market needs. As defined in Wikipedia.

Has your data lake dried up yet?

This blog originally appeared on TabbFORUM.

The big push over the past few years has been the move to create enterprise Data Lakes to provide a “single source of the truth,” along with control, efficiency and responsiveness. This often is done in line with major efforts, particularly in:

  • Risk, where it was aimed at creating a consistent basis to draw the self-reconciling views across market, credit and finance; and in
  • Legacy consolidation & re-engineering efforts, where it was to remove the duplication of data and its maintenance as a part of a mop up and displace process.

Topics: Data management

The value of DevOps

This blog originally appeared on Finextra.

IT has long grappled with the question of what value DevOps provides, something we have discussed elsewhere. Methodologies used in IT also bring a similar question, if its more efficient how much, and therefore is it something we should consider changing to from our current way of doing things.

The reality of IT and its relationship with the enterprise

The other day I read that a major software solution supplier to the financial industry (who shall remain nameless) had published a report, based on a survey, that had as a key finding that there was a disconnect between Business and IT management. I must say that I sat stunned for a few minutes, not by the finding, but by the fact that someone should have paid to find this out. This has been a factor for years, actually decades, and I can remember sitting with other CIO’s twenty years ago discussing this issue, along with the parallel one of “how we can measure and communicate the value of IT”. 

Flarrio - The Scary Pace of Tech Disruption in Finance #tech2016

Brian Slater answers the following question: What is the primary change you see in FinTech in next couple of quarters?

CIO versus CDO - Who is in charge?

I have recently been writing about the success or otherwise of the efforts to simplify a firms IT environment by reducing platforms and establishing a Single Source Data Repository (SSDR) to capture and provide “the truth”. 

Topics: CIO, Fintech, CDO

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