“No one will need more than 637Kb of memory for a personal computer.”
Nothing has had more impact in recent years than technology. Google was founded in 1998 and Facebook as recently as 2004 yet these companies and others like them impact the lives of billions of people every day. In the United States as of today five of the top six companies by market capitalisation are technology companies. These include Microsoft and Apple who, founded as they were in 1975 and 1976 respectively, seem positively antique in this brave new world.
Norman Alex’s Technology department responds to the needs of our clients many of whom have to innovate to survive. Very often the only differentiating factor between companies in the same sector is their use of technology and the speed with which they adapt to the rapidly changing environment in which they find themselves. The Darwinian concept of the survival of the fittest has never been more pertinent yet even he could not have envisaged the pace of change in the non-biological world. Nor indeed did Bill Gates in 1981 if the above quote is actually true.
Financial services is one of the sectors that has perhaps most been affected by technology with the arrival of small Fintech companies which threaten to take away significant business traditionally performed by banks. Online platforms now exist to offer credit solutions, forex transfers, wealth management tools and many other financial functions based often on complex algorithms which are far more efficient than most humans. Consequently Fintech is a very important part of the work we perform in this department.