Good day, CIOs. If every company is a technology company, is every employee a technologist? JPMorgan Chase & Co. may think so. This year all analysts joining its asset management division were required to take mandatory training in Python code, the FT reports. So far, a third of the bank's analysts and associates have taken a coding program, the FT says.
The language of business is coding. Mary Callahan Erdoes, head of JPMorgan Asset Management, tells the FT that being competitive in the 21st century means knowing how to code. “By better understanding coding, our business teams can speak the same language as our technology teams, which ultimately drives better tools and solutions for our clients,” she tells the FT.
Banks join fray. As The Wall Street Journal has reported, other big banks have launched their own coding training programs as the tech tools underpinning their business grow more sophisticated. Next year JPMorgan Chase is expanding its mandatory tech training to include data science and machine learning, the FT reports.
LATEST FROM CIO JOURNAL
Emerging field of social physics shows promise in cybercrime detection. Data derived from human behavior is dynamic, highly versatile, ever-changing and influenced by complex social interactions. A platform capable of analyzing human behavior can detect emerging behavioral trends, including cybercrime, before they can be observed by other data analytics techniques, CIO Journal Columnist Irving Wladawsky-Berger says.
China expands cybersecurity rulebook. New cybersecurity rules issued Friday give Chinese authorities sweeping powers to inspect companies’ IT, building on last year's cybersecurity law requiring companies to store data in China, the Journal's Shan Li reports. Starting Nov. 1, police officers can physically inspect businesses and remotely access corporate networks to check for potential security loopholes.
Price of doing business. “It justifies for the authorities the right to basically copy or access anything,” William Zarit, chairman of the American Chamber of Commerce in China, tells the Journal. “It doesn’t seem like companies have a choice.”
DHS weighs in on Bloomberg story. Bloomberg last week traced an elaborate supply chain hack describing efforts by China's People's Liberation Army to infiltrate machines hosted by some of the biggest U.S. tech companies. A number of companies featured in the story, including, Apple Inc. and Amazon.com Inc., have contested the story, staying that their supply chains were not compromised. The Department of Homeland Security on Saturday said it was aware of the report, but had "no reason to doubt the statements from the companies named in the story." Reuters has more.
Amazon fires employee for sharing customer emails. The employee, who shared emails with an outside seller on the Amazon.com platform, was fired on Friday. As the Journal's Laura Stevens explains, customer email addresses are valuable because they can help a seller reach out to someone who has left a bad review and ask them to change it. Verified reviews figure prominently into where a product surfaces when a customer searches.
Troll removal, a case study. German social-media app Jodel managed to eliminate the internet's worst by prioritizing inclusion over free speech, the WSJ's Georgia Wells reports. Banned from the network: "racism, sexism, bullying and insults of any kind."
Airwave auctions are the next rivalry. Demand for spectrum, is heating up, with the U.K., Italy and Spain spinning off frequencies crucial for a broad rollout of 5G.
The race for spectrum. "Cellular airwaves are a public resource akin to a lake that provides water to businesses and homes," the Journal's Stu Woo and Daphne Zhang explain. But only a limited amount are suitable for cellular service. "In general, a wireless carrier with more spectrum can provide faster service and serve more people compared with a competitor with less spectrum."
Better airport toilets via software. For busy U.S. airports there's a software solution for the bathroom problem, the New York Times reports.LAX and ATL use TRAX SmartRestroom, designed to keep the lines moving via stall lighting systems, a counting sensor that tracks passenger flow and an email alert that pings a custodial supervisor when it's time to clean up. "Most importantly for passengers, they have the option to leave feedback on their bathroom visit through a tablet at the exit of the bathroom," the NYT writes. But please, wash your hands first.
Facebook’s Zuckerberg tells employees to respect diverse views of colleagues. Facebook Inc. Chief Executive Officer Mark Zuckerberg told a packed room of employees Friday that the company should embrace diverse views, but he expressed frustration that a senior executive had attended Judge Brett Kavanaugh’s confirmation hearing last week, the WSJ's Deepa Seetharaman reports.
The first rule of Microsoft Excel—don’t tell anyone you’re good at it. Since its introduction in 1985, the spreadsheet program has grown to hundreds of millions of users world-wide, complicating the lives of the office Excel Guy or Gal, the virtuosos whose superior skills at writing formula leave them fighting an endless battle against the mangled macros left behind by their less savvy peers, says the Journal's Ira Iosebashvili.
EVERYTHING ELSE YOU NEED TO KNOW
After the collapse of Toys “R” Us, billions of dollars of holiday toy sales are up for grabs. Retailers are vying for a piece of the action. (WSJ)
The Nobel Prize in Economic Sciences was shared by Americans William D. Nordhaus and Paul M. Romer, for work on the interplay of climate and the economy. (WSJ)
Chinese authorities said Interpol President Meng Hongwei is under investigation for violations of the law, days after his wife reported him missing to French authorities. (WSJ)
Federal investigators are interested in a veteran Republican operative and opposition researcher who raised at least $100,000 to obtain what he believed to be emails stolen from Hillary Clinton. (WSJ)