Large banks like JPMorgan have always had big data, but in a letter to shareholders released Wednesday, JPMorgan CEO Jamie Dimon likened the difference between yesterday’s and today’s big data to the difference between a rotary phone and a cellphone.
“To best utilize our data assets and spur innovation, we have built our own extraordinary in-house big data capabilities – we think as good as any in Silicon Valley – populated with more than 200 analysts and data scientists, which we call Intelligent Solutions,” Dimon wrote.
Dimon outlined at least five ways the firm has incorporated big data into improving business processes. In the corporate and investment bank, big data is being deployed to improve operational efficiency by analyzing errors. In custody for example, the firm uses big data to identify and find the root cause of breaks in processes or variances in the net asset values of funds. The result has reduced the operational burden and improved client service, Dimon wrote. Continue reading →
It is surprising that Google and Yahoo are missing in the above list of top employers because they are two of the leading Internet companies whose business is based on successful high-end programming. If IBM, HP, Disney and UnitedHealth can make into the above list, then there are bigger employers in like Infosys, Cognizant, TCS, Wipro. If JPMorgan Chase is there, then Amex, HSBC and Barclays should also be there!
We are happy to share with you the launch of ITXCHG (IT Exchange) a platform which aims to change the way IT Services are sourced by Buyers and delivered by IT Service Providers. Here’s a quick summary for your reference:
ITXCHG (www.itxchg.com) is a platform to help small and midsize businesses save time and money by efficiently finding, selecting and managing IT Service Providers, who are empaneled after a rigorous evaluation to ensure quality with good pricing.
The platform also provides a set of tools and services to assure IT Buyers a high quality project delivery.
IT Buyers sign-up and engage with an IT Service Provider for no charge.
IT support services are quickly becoming integral to the success of many small and mid level businesses. IT management services allow businesses to save on overhead, rather than employing a full time IT staff member or a multi-member team, outsourced IT support provides all the benefits of a computer IT team at a fraction of the cost. We have the experience and know-how to exceed your expectations. Custom web applications and services can save your company thousands of man-hours by allowing automation. Move data safely between you and your vendors and customers, or transition to a paperless operation. Provide a better user experience for your customers and web visitors, driving accelerated sales and customer retention. Continue reading →
An interesting software to check out innovation/technology trends worldwide, for example, by scanning through global patents database. Geo location is being shown as an example that seems to be having many new patents. For example, Google itself has 109 patents for geo location. Topics that are uptrending and downtrending. It seems to be a useful software for people doing innovation research and market trends analysis.
