This past week I got to spend some time with my younger sons at a Boy Scouts of America camp. My middle son was involved in a climbing exercise called a “smooth chimney”. This is one of the harder climbs because you have to basically push yourself up and stay in the chimney with that friction. During his climb about 30 feet up, he started to get fatigued. The problem with this climb is that if you stop applying force you either don’t progress, or worse—you fall.
The following blog is in honor of America’s Independence Day and my son FINALLY completing his Economics course in high school. It is not an endorsement or objection to any political party. There…that is out of the way—on to the blog!
There are events in our life that we recall exactly where we were when they took place. They are those iconic events by which we are defined as a people—for example, when man first landed on the Moon, the horrific attacks of 9/11, or when you first find out you are going to be a parent. I don’t think that June 5, 2018 will go down as one of those days for all of humanity, but for anyone dealing in technology it should a defining moment—for it is the day that our old technology died. In a $7.5 billion stock trade, Microsoft (MSFT) acquired GitHub, a popular code collaboration site. This is huge, and it will change the way banks have to look at cloud computing, FinTech competitors, and technology in general. Here are my three reasons why you as a bank technology professional should care: