Thursday, October 11, 2018

Computers in the Workplace

Computers in the Financial Industry

    Since I have been working in the banking industry for the past 10 years and specifically in an IT capacity for that time this is the industry I have chosen. Pretty much everything that is done within the financial industry touches a computer somewhere and has been that way probably since before I was ever even born as there are a lot of applications and functions to do with transactions that were originally done on a mainframe before the PC was even an idea and some of those functions still run on mainframes today. From the second you swipe a credit card there are hundreds if not thousands of processes that are being ran in order to get the approvals for the transaction and many different people involved, issuing bank, processor, the POS system etc. It is pretty crazy to think about and I don't even have a full complex understanding of the entire process from end to end as there are a lot of things that I am not even involved in and areas that governed by outside agencies and third parties. In the financial industry it is especially important for all employees to be very computer literate as all the work being done is contained there and also to have that understanding to protect themselves as well as others from possible data leaks and breaches as the majority of the data being handled and processed is confidential. 

What's next?

    As far as evolution in computer hardware and technology I feel that most of what will shape the future over say the next 10 years or so is here now and just starting to be adopted by large companies now in the form of cloud computing and machine learning and artificial intelligence. Although it is funny to think that a lot of these technologies are not necessarily new but just being used in new ways. For example cloud computing, things like AWS, MS Azure and other 'cloud computing' offerings are not new technologies just new ways of using those technologies. Virtual Machines have been used for many many years however mostly within a closed environment and not offered by a company to be used as development and production environments for other companies which in a nutshell is basically what AWS and others offer. You can build your application and have it running live without ever having to boot up a server physically or deal with web hosting servers, patching OS's... etc. 

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