February 2014: In Praise of the Corporate Plodder
At face value, that might not appear to be the most complimentary epithet, but before any of Waters' readers accuse me of being unnecessarily pejorative ─ or worse, downright rude ─ let me explain. The pages of Waters tend to focus on the industry's leaders and its luminaries and visionaries. As a result, we focus almost exclusively on capital markets firms' IT directors and chief information officers (CIOs), and not the legions of workers at the coal face, putting in the countless hours of often repetitive work, necessary to transform the vision and strategies of the organization's upper echelons into tangible results.
Remove the plodders and all you're left with is a vision, and, as everyone knows, it's far easier to make plans than it is to effect them. In short, plodders are invariably companies' "doers", which any IT director worth their salt will acknowledge is one of their most crucial "tools" to deliver on their vision. It's not that the plodders aren't valuable to their organizations, but at the same time, it's only natural for one's focus to fix on those individuals occupying the apex of their hierarchical pyramids.
Corporate plodders tend to be professionally unremarkable. That is to say, they tend to be followers, not leaders; they tend to be listeners, not speakers. That doesn't mean they lead boring lives, although in terms of the strata they typically inhabit within the IT organizations they comprise, they are, by definition, ordinary.
Ties that Bind
One of the ties that has bound the various buy-side and sell-side CIOs featured on the cover of Waters for the past four years is their acknowledgment of the outstanding efforts of those on the lesser rungs of the corporate ladder. A cynic might argue that this is purely lip service motivated by political correctness. But speak to any CIO for any length of time and scratch a little deeper than what might be construed as professional platitudes, and it becomes clear just how important firms' corporate plodders are.
Similar to offensive linemen on a football team, they rarely score the winning touchdown in extra time, although, like their football counterparts, they are responsible for allowing their CIOs ─ the running backs, tight ends, receivers and quarter backs of the corporate world ─ to sprinkle their magic and directly influence the outcome of the game. How important is that?
Only users who have a paid subscription or are part of a corporate subscription are able to print or copy content.
To access these options, along with all other subscription benefits, please contact info@waterstechnology.com or view our subscription options here: https://subscriptions.waterstechnology.com/subscribe
You are currently unable to print this content. Please contact info@waterstechnology.com to find out more.
You are currently unable to copy this content. Please contact info@waterstechnology.com to find out more.
Copyright Infopro Digital Limited. All rights reserved.
As outlined in our terms and conditions, https://www.infopro-digital.com/terms-and-conditions/subscriptions/ (point 2.4), printing is limited to a single copy.
If you would like to purchase additional rights please email info@waterstechnology.com
Copyright Infopro Digital Limited. All rights reserved.
You may share this content using our article tools. As outlined in our terms and conditions, https://www.infopro-digital.com/terms-and-conditions/subscriptions/ (clause 2.4), an Authorised User may only make one copy of the materials for their own personal use. You must also comply with the restrictions in clause 2.5.
If you would like to purchase additional rights please email info@waterstechnology.com
More on Emerging Technologies
Data standardization is the ‘trust accelerator’ for broader AI adoption
In this guest column, data product managers at Fitch Solutions explain AI’s impact on credit and investment risk management.
BNY inks AI deal with Google, Broadridge moves proxy voting to AWS, Expero delivers ICE market data, and more
The Waters Cooler: TSX Venture Exchange data hits the blockchain, SmartTrade acquires Kace, and garage doors link to cloud costs in this week’s news roundup.
Everyone wants to tokenize the assets. What about the data?
The IMD Wrap: With exchanges moving market data on-chain, Wei-Shen believes there’s a need to standardize licensing agreements.
Google, CME say they’ve proved cloud can support HFT—now what?
After demonstrating in September that ultra-low-latency trading can be facilitated in the cloud, the exchange and tech giant are hoping to see barriers to entry come down.
Waters Wavelength Ep. 342: LexisNexis Risk Solutions’ Sophie Lagouanelle
This week, Sophie Lagouanelle, chief product officer for financial crime compliance at LNRS, joins the podcast to discuss trends in the space moving into 2026.
Citadel Securities, BlackRock, Nasdaq mull tokenized equities’ impact on regulations
An SEC panel of broker-dealers, market-makers and crypto specialists debated the ramifications of a future with tokenized equities.
BlackRock and AccessFintech partner, LSEG collabs with OpenAI, Apex launches Pisces service, and more
The Waters Cooler: CJC launches MDC service, Centreon secures Sixth Street investment, UK bond CT update, and more in this week’s news roundup.
Tokenized assets draw interest, but regulation lags behind
Regulators around the globe are showing increased interest in tokenization, but concretely identifying and implementing guardrails and ground rules for tokenized products has remained slow.