Outlook 2016: Alexei Miller, DataArt
Alexei Miller is a managing director of DataArt
What where the major themes for your business in 2015?
Markets are enjoying a six-year long bull market and we are no exception. There has been significant growth every year since 2009. We continue to double in size every three years, and it is important – and not easy – to sustain the growth while managing inevitable risks, whether due to possible slowdown or ‘growth pains’.
Another theme for DataArt in 2015 has been growth in size, complexity, and the importance of client assignments. Clients trust us with critical information. Maintaining flawless execution is a managerial and technical challenge. We have now entered the “big leagues” of technology consulting and development firms and intend to make it our home.
What are your expectations for 2016?
DataArt has done a lot of work in refining core focus areas and expect to bring a lot of new business in 2016: Digital Banking, Data Management, Innovations in Trading and Business Process Management. These business themes, cross-influenced by issues of cybersecurity, execution efficiency, and regulation will offer a very interesting mix of projects next year.
Financial firms have a tremendous amount of legacy technology that is crying out for modernization, all while they have to deal with rapidly changing customer behavior, both in the retail and institutional markets. They have no choice but invest more in technology and work with trusted partners to get it done quickly. The opportunity for us is very large, we just have to grab it.