Ruminations on tech, the digital media, and some golf thrown in for good measure.

Posts Tagged ‘financial crisis

From Russia With Bailouts

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Das vi dan ya.

That’s “goodbye” in Russia.  So I should probably learn hello.

Answers.com explained it’s dobro pozalovat.

So, dobro pozalovat to Yandex, the Russian search engine, which followed short on the heels of LinkedIn’s IPO and went public earlier today on the Nasdaq, raising some $1.3B (dollars, not rubles).

Apparently, the issue was some 17 times oversubscribed, surprising considering that Yandex only has about 64% market share (although it is still the largest Web site in Russia).

Also a done deal: Twitter buys TweetDeck for roughly $40M.  This has been rumored for some time, but apparently it’s really happened this time.  Really.  Seriously.  #ftw

Is this the beginning of a great Twitter consolidation?

When a TweetDeck falls in the virtual Twitter forest, does it even make a sound???

Well, I’m just glad to see someone out there’s making some deals.

After watching HBO’s docudrama rendition of Aaron Ross Sorkin’s 2010 book about the financial crisis, Too Big To Fail, last evening, one might start to wonder.

I read the book.

The movie’s probably easier to consume in many ways, minus all the boring financial mumbo jumbo details, although it nearly made me ill to replay that denouement from the fall of 2008.

But, I have to say, William Hurt made for a wonderful SecTreas Henry Paulson, understated and steely, and James Woods cracked me up as vulgar Richard Fuld, the former CEO of Lehman Brothers.  And Paul Giamatti as Fed Chairman Ben Bernanke…another classic performance by Giamatti.

The movie seemed to raise a central question: Was Paulson the hero who saved the day or the insider who protected the interests of his industry?

You get to watch the film (or read your history book, if you’re so inclined) and be your own judge.

But kudos to the HBO team for making a compelling film about what could have easily become a trite and boring re-enactment.

It was anything but boring…now, having seen it and completely paranoid, if I could only figure out a way to move all my retirement savings into a small bomb shelter immune from market movements if not the elements!

Written by turbotodd

May 24, 2011 at 3:01 pm

The Wide Shot: No More Black Swans

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So here’s the deal: The world is changing.  Bigtime.

Forget black swans only appearing once upon a blue moon.  Those suckers are out flying in formation just looking to create the next wave of trouble.

Right before I left Austin, I downloaded Andrew Ross Sorkin’s new book on the financial crisis, Too Big to Fail.

I started reading it on the plane ride, and leading into the Information on Demand event, I’ve been thinking a lot about the financial crisis.

Why it happened?  How it happened?  How we can prevent another one from happening again anytime soon?

And I don’t mean by hiding all our collective money in a mattress.  That would have to be one big honkin’ mattress.

Yeah, the financial crisis was definitely a whole buncha bad news.

Now it’s time for some good news: The world is becoming increasingly instrumented, interconnected, and intelligent.   This we know…just look around.

Though there is, as a result of this, an explosion of information, this increased interconnectedness is also creating an opportunity for a new kind of intelligence on an increasingly smarter planet.

But as a result of the tremendous growth in information, organizations are also operating with significant blind spots and are trapped within application-bound silos.  The stovepipe syndrome.

Intelligent organizations, however, are looking to use the wealth of information and analytics for better, faster decisions and actions, optimized processes, and more predictable outcomes.

Let’s call this business optimization.

The opportunity for organizations around the globe, then, is for CEOs and other business leaders, as well as those in public enterprises, to create sustainable competitive advantage by optimizing all parts of their business.

To do so, they need a business analytics and optimization strategy (here comes the new acronym…are you ready yet?  It’s easy: Give me a B….Give me an “A”…Give me an “O”…what does it spell?  “BAO”?!)

That’s right.  Forward thinking organizations are implementing an information-led transformation (ILT) to achieve the next generation of efficiencies by applying analytics to optimize decisions at every contact point.

CIOs, and other IT leaders, also play a key role.

As partners to LOB and public sector execs, they are charged with creating an information agenda that supports the business and operational strategy; builds and maintains a flexible platform for trusted information; and helps the organization apply business analytics to optimize decisions.

Organizations need to pursue an…here’s that fancy new phrase again…information-led transformation…to support the business.

Hey, we’re from IBM headquarters, and we’re here to help.


Well, we won’t be hiring any black swans anytime soon, that much I can tell you.

No, that’s exactly what we’re going to be talking about at the event over the next several days: How IBM can help its clients identify their greatest opportunities, as well as their greatest exposures to risk, and then develop and execute a strategy to optimize all types of decisions, leveraging the ability to capture, organize, process, and contextualize enterprise information.

Our clients can take this on in any variety of ways, from the tactical to the strategic, to get immediate value, including by:

  • Focusing on a foundational information need such as single view of the customer, or a full information agenda, addressing information strategy, roadmap, infrastructure and governance
  • Applying analytics to optimize a specific business objective such as customer retention, or a broader need such as enterprise risk management; or
  • Solving a single information platform need such as a cost-effective archiving strategy, or a broader need such as a flexible enterprise information architecture

Or, you can stay in your stovepipes and watch your information…and probably your business…stagnate.

But what do I know, it’s Saturday night in Vegas and I’m blogging about how you need to start better using your information for insight when I ought to be out trying to get myself arrested somewhere along the Vegas strip!

Written by turbotodd

October 25, 2009 at 2:24 am

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