As one of the oldest and largest investment management companies in the United States, putnam investments has over 80 years of investment experience. In recent years, putnam investments has been actively seeking transformation and scored a series of achievements. This article will focus on some major putnam investments news and developments.
Putnam established a data science excellence center
According to the digital transformation case study provided, putnam investments CIO Sumedh Mehta established a data science excellence center to explore machine learning technologies and create business insights for customers. This shows putnam investments attaches great importance to using advanced technologies like machine learning and big data analytics to improve investment performance.
Putnam migrated applications to the cloud
The digital transformation cases mentioned that part of putnam investments’ projects includes migrating applications to the cloud and decommissioning legacy applications. Transitioning to cloud-based systems enables putnam investments to achieve greater efficiency, flexibility and cost savings in application management and hardware infrastructure.
Putnam strengthened collaboration between IT and business units
In the digital transformation journey, strengthening communication and collaboration between IT and business teams is crucial. According to the case, putnam investments’ CIO introduced Facebook-like collaboration tools to improve communication between IT and business units, leading to closer cooperation and faster delivery of IT solutions.
In summary, recent putnam investments news and developments demonstrate that it is actively embracing digital transformation across various aspects including leveraging advanced analytics, migrating to the cloud, and improving IT-business collaboration. These efforts will help boost putnam investments’ competitiveness.