Thus far, it seems like the large banks are fending off digital disruption, perhaps embracing some of it on their own. The Economist takes a look: “Peer-to-peer lending, for instance, has grown rapidly, but still amounted to just $19bn on America’s biggest platforms and £3.8bn in Britain last year” “last year JPMorgan Chase spent over $9.5bn on technology, including $3bn on new initiatives” From a similar piece in the NY Times: “The consulting firm McKinsey estimated in a report last month that digital disruption could put $90 billion, or 25 percent of bank profits, at risk over the next three years as services become more automated and more tellers are replaced by chatbots.

This is the common OpenStack meme for coverage. Each Summit there’s more and more users - “customers” - but it will take a while before OpenStack is suddenly us an “overnight success.” Looking at it from a different perspective, OpenStack is one of the biggest, new model for open source development: they’re iterating on the concept and mechanics of open source in new and novel ways, deep in bazaar mode vs.

As an analyst, you often gets asked and paid to provide press release quotes (see some of mine here, though the I haven’t been good at saving all of them). Yes, press releases are still widely done and used. As someone who write-up the tech world happenings, I actually find them handy. Knowing how a vendor talks about themselves is actually important for analyst work, and the good press releases are more like media kits that line up all the relevant facts and links to other sources…and there’s all the bad stuff too, that’s still floating around.