The Dawn of Operational … Beta?

If you've heard of the term operational alpha, then you likely know that it is a trending concept - similar to digital transformation - that seeks to leverage the latest digital-era tools and methods to foster increasing operational agility and resilience, particularly among asset managers. (Think: Citadel, the creator of the term - and one who arguably walks this walk as well as anyone.) Moreover, if your current job is related to implementing tools and methods that are designed to foster operational alpha, then you are likely working with or for a leading, forward-thinking player that is culturally tuned to navigate real change. The problem with alpha of any kind is that you can't really have alpha unless it is measured in relation to something else. Beta. In any case, we have some illuminating news for you: It turns out that operational alpha does have something relative to it - which makes it more than a concept. It's also a number. And, that number is based on another number that [...]