261–264 of 264 posts
Anyone else think that the finance folks are just realizing what the tech sector gets away with by being incomprehensible and too fast for regulators? They're just doubling down and digging into tech to get away with more, for longer...
See J.K. Galbraith's The Great Crash: 1929.
Do they? Have they dropped "corporate" solutions that barely work, sold in golf courses to people that are not affected in the least by their decisions? Are they still using XML (or even worse, CORBA) as duct tape tying everything together? Have they dropped waterfall? Do they allow developers to have their say on architectures and solutions to use? Can they experiment with, let's say, Scala, Elixir or are they stuck…
Disclaimer: I work as a data scientist at a large financial institution based in the US; to be fair it is one that has a reputation for being on the "cutting edge of tech", FWIW. The data teams I work with don't know SAS and some members aren't even that facile with Excel, opting to use Apache Spark (mostly Python, but also Scala bindings) or pandas instead. Almost no one does serious data work on their local machine…
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Why are you assuming that someone with the title "CIO" has a tech background? I worked at a place where the CIO was a lawyer who knew the business really well, but no real tech in his background.
Because it is in accord with my experience and my general sense that people should know what they are doing in the areas they are are given responsibility over. That generally requires experience, and at high level probably extensive experience. It's hard to see how a lawyer with no real tech experience can make good choices in the area of technology.
His only knock was that he believed the Cyber Security FUD too much.
Other than that, solid guy and I'd work for him avain.
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Can't you play this definition game with any company though? I kind of think that if an organization views tech as a competitive advantage and core competency, they are a tech company. E.g. Netflix may be in the business of entertainment, but they are also a tech company. Google may be in the business of selling ads, but they are also a tech company.
Yes you can, and that's kind of the point. Slowly but surely, more and more companies are realising that their digital efforts are just as integral to their business as whatever else it is that they're doing. Every company needs to be a tech company now. In Australia, Commbank realised this at a very early stage: there's actually very little differentiation between the financial products from bank to bank. Sure, inte…