Plug and Play

Honestly, I rarely speak to the people who actually use the technology, given that we're a technical publication and have a technical audience, and most coal-face users might not be able to talk to the intricacies of coding and development. Not that I can, of course, given that I'm a politics major, but the point is that I've been on the receiving end of technology implementations this week, and a lot of what's been said in the few times that I've had those conversations rings true. Namely, when I ask what they want out of something, the most common response is that a user wants to be able to come into the office, sit down at their machine, turn on a computer and have something just work.
We've transitioned to a different newsroom here at Incisive London this week, and there are certainly teething problems. A lot of people are cynical about and hesitant to adopt the hot-desk philosophy that's been introduced, and it doesn't help that it's two hours after work starts while I'm writing this, and a lot of us don't have phones yet. Mostly, though, it's been an ironic experience. I have a tendency to roll my eyes when people start talking about core competencies, and how technology isn't a part of them, but this has certainly highlighted how difficult it can be for non-technical staff to adapt to a technical environment. Particularly if the implementation has been, shall we say, rocky.
Different Ways
This, of course, is one of the areas where good vendors are differentiated from great vendors. A great vendor will work with the client to ensure that the bugs, the kinks, and the requirements are all fully worked out and resolved before day zero, when the employee begins work. A poor vendor might have great technology, but none of the above. The perils and pitfalls become far more pronounced in financial services after all ─ a telephone interruption is annoying for us in the media, a trading interruption can prove fatal if it occurs at the wrong moment.
This is perhaps most pronounced in cloud technology, where a stripping away of the physical infrastructure provides the biggest psychological transformation . As an example, despite the fact that I've been covering unified communications systems, cloud storage, and other new-fangled ways of working for years, it's still a bit weird that I won't have a handset most of the time going forward. Now, if I can just get this ridiculous headset to work...
A great vendor will work with the client to ensure that the bugs, the kinks, and the requirements are all fully worked out and resolved before day zero, when the employee begins work. A poor vendor might have great technology, but none of the above
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 Trading Tech
OEMS interest sputters
Combined order and execution management systems once offered great promise, but large buy-side firms increasingly want specialization, leaving OEMS vendors to chase smaller asset managers in a world of EMS consolidation.
FactSet adds MarketAxess CP+ data, LSEG files dismissal, BNY’s new AI lab, and more
The Waters Cooler: Synthetic data for LLM training, Dora confusion, GenAI’s ‘blind spots,’ and our 9/11 remembrance in this week’s news roundup.
DORA delay leaves EU banks fighting for their audit rights
The regulation requires firms to expand scrutiny of critical vendors that haven’t yet been identified.
Etrading wins UK bond tape, R3 debuts new lab, TNS buys Radianz, and more
The Waters Cooler: The Swiss release an LLM, overnight trading strays further from reach, and the private markets frenzy continues in this week’s news roundup.
Fintech powering LSEG’s AI Alerts dissolves
ModuleQ, a partner and investment of Refinitiv and then LSEG since 2018, was dissolved last week after it ran out of funding.
Halftime review: How top banks and asset managers are tackling projects beyond AI
Waters Wrap: Anthony highlights eight projects that aren’t centered around AI at some of the largest banks and asset managers.
Speakerbus goes bust, Broadridge buys Signal, banks mandate cyber training, and more
The Waters Cooler: The Federal Reserve is reserved on GenAI, FloQast partners with Deloitte Australia, UBS invests in Domino Data Lab, and more in this week’s roundup.
Speakerbus ceases operations amid financial turmoil
Sources say customers were recently notified that the trader voice vendor was preparing to file for administration and would no longer be operational.