Wednesday, May 07, 2008

Convergence of Operations and Technologist

“Demand for well-qualified and business-aligned technologists remain high”

Operations and technology are intertwined, the idea behind operations is that the fewer hands that touch the process and the more automated the process is, the more cost effective it is, and the one fewer issues you have with mistakes. The CIO and the global head of operations roles is coming together.

More and more firms are moving toward the Goldman Sachs model - one trader, one technologist and one quant sitting together at each desk, instead of keeping these functions separate as they have in the past.

It is very important to communicate the value of technology to the business. If business heads do not understand a project they are more likely to cut it at a time when all firms are looking to take cost out of IT.

As banks set themselves big targets, organizations will shrink. Anybody who shows initiative to further develop their skills have a better chance of being redundancy-proof than somebody who doesn't try to evolve and become more business astute and aware.

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