I think "360,000 hours" makes it a little more impactful. Was thinking 20 before I clicked the article
JPMorgan Software Does in Seconds What Took Lawyers Many Hours
51–60 of 102 posts
Re: JPMorgan Software Does in Seconds What Took Lawyers Many Hours
#52Meanwhile I'm going through a mortgage refi and the mix of old and new technology is comical. I was hoping things had advanced since I last went through this a decade ago but not so much. This is through eRates Mortgage and you might think the "e" stands for electronic, but I'm not so sure. So far I've had to: - Fill out an online credit application form, which among other things ask me what year I started my last jo…
The mortgage documentation problem is on my list of things to work on starting Q3 2017. I'd love to hear more about what's pissing you off -- may I email you?
Re: JPMorgan Software Does in Seconds What Took Lawyers Many Hours
#53In Chicago JPMorgan is where a lot of software developers go to work for 5-7 years before getting a VP promotion and leaving for a C level role. I've seen dozens of developers follow this exact track. Glad to hear they are doing something interesting during that time.
C level where? I'm curious what size roles you see people rolling into out of a Fortune 500 like that.
Re: JPMorgan Software Does in Seconds What Took Lawyers Many Hours
#54This makes me wonder if we'll be entering a legal world that's complex to the degree that only computers can understand it.
Would it be worse than our current world of unreadable legalese contracts and legislation?
Re: JPMorgan Software Does in Seconds What Took Lawyers Many Hours
#55This makes me wonder if we'll be entering a legal world that's complex to the degree that only computers can understand it.
Fortunately there is a precedent to this called the Vagueness Doctrine (at least in US law).
Basically, a law is void if an "average person of common intelligence" can't interpret it.
Re: JPMorgan Software Does in Seconds What Took Lawyers Many Hours
#56Automation: less jobs, Government (at least in Europe/Cdn) say more people we need to import more people to fill the jobs... but millions of jobs will disappear over the next 10 yrs.
Re: JPMorgan Software Does in Seconds What Took Lawyers Many Hours
#57You've likely heard the quote that "every company is a technology company", mostly used in the context of companies needing to be doing everything they can to leverage and exploit new technology, or they'll be left in the dust by more proactive competitors. With that in mind, a key quote for me in the article was this: >To help spur internal disruption, the company keeps tabs on 2,000 technology ventures, using about…
As an intern, I was a tools engineer that was responsible for building or buying tools to solve engineering problems.
Re: JPMorgan Software Does in Seconds What Took Lawyers Many Hours
#58In Chicago JPMorgan is where a lot of software developers go to work for 5-7 years before getting a VP promotion and leaving for a C level role. I've seen dozens of developers follow this exact track. Glad to hear they are doing something interesting during that time.
C level where? I'm curious what size roles you see people rolling into out of a Fortune 500 like that.
Did a quick glance at linkedin connections who use to work there. Seems a lot of them started their own company or moved to director level roles. Some C level.
Examples: https://www.linkedin.com/in/mjwaitzman/ https://www.linkedin.com/in/amir-wasti-2964491/ https://www.linkedin.com/in/chuckcooper/ https://www.linkedin.com/in/mattstratton/ https://www.linkedin.com/in/aprahamian/ https://www.linkedin.com/in/greggawheeler/ https://www.linkedin.com/in/kamarajan/ https://www.linkedin.com/in/goodfellow/ https://www.linkedin.com/in/efrain-perez-3858b41/
Not all of those line up exactly with what I was talking about but my main point is that its a large stepping stone company.
Re: JPMorgan Software Does in Seconds What Took Lawyers Many Hours
#59Meanwhile I'm going through a mortgage refi and the mix of old and new technology is comical. I was hoping things had advanced since I last went through this a decade ago but not so much. This is through eRates Mortgage and you might think the "e" stands for electronic, but I'm not so sure. So far I've had to: - Fill out an online credit application form, which among other things ask me what year I started my last jo…
The mortgage documentation problem is on my list of things to work on starting Q3 2017. I'd love to hear more about what's pissing you off -- may I email you?
Yes. Email in my profile.
Re: JPMorgan Software Does in Seconds What Took Lawyers Many Hours
#60You've likely heard the quote that "every company is a technology company", mostly used in the context of companies needing to be doing everything they can to leverage and exploit new technology, or they'll be left in the dust by more proactive competitors. With that in mind, a key quote for me in the article was this: >To help spur internal disruption, the company keeps tabs on 2,000 technology ventures, using about…
Quite a few banks have something called "Innovation Labs" or similar whose job is to do exactly that: match emerging technology with appropriate internal use-cases. Part need-finder and part technologist. Capital One Labs, for instance, was crucial in helping the startup where I work land its first F500 deal. I'd imagine that "innovation labs"-type units are probably emerging at enterprises outside of finance as well…
We do this at McKinsey too