Hug Your CTO
Everyone in the hedge fund industry agrees on the need for agility to be able to maneuver businesses in and out of opportunities and the need to scale, once a business has identified a winning business formula. It is increasingly apparent that it is easier and cost-effective to scale technology rather than increase resources. Of the three inputs necessary to run a business, people, processes and technology, technology is the one that delivers the most scale.
Since 2008, it has been a well-known fact in the financial industry that the firms which leveraged robust technology platforms, had a better view on their risk profiles and were more successful navigating market volatility vs. those which did not. Additionally, in this age of data and identity theft, businesses need superior technology to armor themselves with strong safeguards against cyber threats. Furthermore, as the value and volume of data grow, technology becomes paramount.