According to Al Pacino, as Coach Tony D’Amato in the movie, Any Given Sunday, “this is a game of inches - the margin for error is so small - and the inches we need are all around us.” With this in mind, it turns out that measuring technology spending in detail represents some of those so-called inches. Personally, I have found such an analysis to yield really incredible and exciting insights – representing more than just a few of those inches. Our TPE Dispersion Analytic – known as T-VOL™ – is one of the better specimen to support such a claim, at least so far. First, let me detangle some of the jargon so that you can see how (potentially) cool and useful this analytic could be: We developed individual models of the largest banks in the world – currently numbering 51 – capturing financial and operational data over the pre- and post-GFC period, 2005 – 2014. For each bank, combining estimated non-human capital (NHC) technology spending with reported headcount [...]
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