Speed, agility, responsiveness; these are all terms frequently bandied about when today’s businesses are talking about their needs. In the world of digital transformation, along with increasing competition, companies deal with a fickle customer base that expect your business to pivot quickly to meet their demands, or else fail. For some businesses, the notion of speed is essential.
A great example of this is the digital world of the stock market. I once worked with a company that had automated all their trading systems. The systems were designed with complex analysis engines that would be capable of making trading decisions on their own, thousands of times a second. The interesting fact about this business was that many of their competitors also had implemented much the same type of trading engines… to be honest, this resulted in the performance of their portfolio being about the same as their competition. But what if they could make all their trades milliseconds before their competition? On a single day, a few seconds difference in making trades through these automated systems might not show much impact, but over the fiscal year the results could be significant.