Teeing Up Aviso
A couple of industry heavy weights have pooled their talents and assembled $8 million in funding resources to launch Aviso, a new kind of analytics company this week. K.V. Rao, co-founder and CEO, and Andrew Abrahams, co-founder and CTO, are Ph.D. scientists taking on risk assessment for modern enterprises. Rao, has a string of successful […]
Wanted: A Rules Engine for Excel
James Kwak writes about the role of Excel in the JPMorgan 2012 trading loss After the London Whale trade blew up, the Model Review Group discovered that the model had not been automated and found several other errors. Most spectacularly, “After subtracting the old rate from the new rate, the spreadsheet divided by their sum […]
Of Facebook and Goldman Sachs – Both Too Big To Fail?
Size, we are told, is not a crime. But size may, at least, become noxious by reason of the means through which it was attained or the uses to which it is put. -Louis Brandeis, quoted in Tool Big Too Fail. I just got back from a long nice vacation in India and read the […]
Using a center of excellence to deliver BPM #GartnerBPM
Michelle Lagna of JPMorgan Chase, a Pegasystems customer, gave a presentation on their CoE as one of the solution providers sessions. Their CoE focuses on the use of BPM tools (primarily Pegasystems) to support their 30+ active systems. It was instrumental in allowing them to break down the departmental silos within the organization, establishing standard […]
