CME Group processed more data in 2014 than in 2004-2008 combined
Studnitzer, managing director of architecture and product
management at CME Group
In 2010, Eric Schmidt, then CEO of Google
(Alphabet), noted "We create as much information in two days
now as we did from the dawn of man through 2003." And
that was in 2010! We are inundated with data all around
us and the Futures and Options industry is no different.
Every day we read about a volatile macroeconomic marketplace,
evolving regulations, innovative technologies, and new product
offerings. CME Group processed more data in 2014 than in
Examples of overload
are all around us. How many of us have become numb to the
latest and greatest technology that we have become
contrarians? Big data, Blockchain, and machine learning
all went from emerging technology to Sunday dinner
topics. We need an innovation process to drown out the
noise and refocus on the signal. For us at CME Group, our
signal is our customers and one of our key innovation processes
is design thinking.
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