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Chris Perretta Builds Non-Stop Change Into State Street's DNA
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KBurger
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KBurger,
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12/16/2014 | 11:08:32 AM
Re: Not once-and-done
Agreed, and of course State Street has a dedicated data scientist (David Saul), and that function has been in place for several years. So it is not a new approach/strategy.
Jonathan_Camhi
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Jonathan_Camhi,
User Rank: Author
12/15/2014 | 12:57:02 PM
Re: Not once-and-done
Chris didn't talk a  lot about what's next besides the commens he made about how to use the new infrastructure that they've built for more internal development and accelerate their shift to a "digital organization." I'm sure data and analytics will continue to be a major part of that.
KBurger
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KBurger,
User Rank: Author
12/11/2014 | 3:44:31 PM
Re: Not once-and-done
Right. Now that the infrastructure is in place, what are they going to be able to do in terms of product development, revenue generation, market intelligence and other capabilities that can drive growth and profitability?
Jonathan_Camhi
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Jonathan_Camhi,
User Rank: Author
12/8/2014 | 4:59:37 PM
Re: Not once-and-done
Yeah, I think the really impressive thing is that Chris and his team have already done so much, but their attitude is that there is still so much still to be done. State Street is definitely doing big things, and I think we can expect more big things to come from them.
KBurger
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KBurger,
User Rank: Author
12/4/2014 | 3:53:00 PM
Not once-and-done
I think this statement is key: "It's not one of these one-and-done things. Every time we build one of these core capabilities, it is an opportunity to do even more stuff, and that means doing it even faster." Too many organizations view transformation, innovation, Big Data and other "big things" as projects with beginnings and ends, but that approach is short-sighted and really doesn't leverage the significant investments being made. By taking the long view State Street actually can be more responsive and flexible and "do things faster." Congratulations to Chris Perretta on this achievement.


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