Anthony Malakian: Learning Lessons
When it comes to disaster recovery, sometimes it can feel like repeatedly running one’s head into a wall. Last year, AIG ran a major disaster recovery test, looking for problems that could arise if the worst were to happen. AIG CTO Mary Kotch and her team couldn’t figure out why they weren’t able to bring up certain environments. After hours of brainstorming, they decided to start from scratch and reassess all of the environments. This time, though, they mixed up the teams, ensuring that everyone wasn’t speaking only to the same team members. Four hours later, the problem was solved.
A Story from the Past
My father worked in IT for four decades building datacenters. Kotch’s story about AIG’s IT challenges reminded me of a story my dad told me a number of years ago. Back in the mid-1970s, he worked for insurance company Equitable Life, which is now AXA Equitable.
“Data at that time needed to be chronologically organized,” my dad said. “If it wasn’t, it became impossible to avoid corrupting files. Simply put, programs had to know what generation of a specific file was being processed. This was called Generation Data Group (GDG) technology. Equitable had made three failed attempts at implementing GDGs, even though we were being led by our best and brightest.”
My father continued: “So in early 1973, while your mom, brother, sister and I lived in Easton, Pennsylvania, I was in New York for a monthly staff meeting, and our senior vice president asked to see me. He asked me about my GDG thoughts and I answered candidly. He then asked me to come back to New York and lead a new GDG attempt, a project likely to take several months. About four months in, I found myself in one of the high conference rooms of our Manhattan office overlooking Radio City Music Hall. It was way past dinner time and I had my 25-person project team around a huge table discussing how we were stuck in exactly the same spot as the previous three teams had been. Despite our best efforts and those of IBM’s best DB2 database technicians, we could not get the GDGs to conform to DB2’s elaborate requirements.”
Failure
He continued: “The team was mostly the same folks who were on the previous teams, and they viewed that failure as some kind of a self-fulfilling prophesy. I was trying to be an optimistic leader, but we’d been stuck there for weeks and on the inside I felt like a toilet bowl flushing.
“So I bailed out of the meeting and went to the bathroom to clear my head. I was standing at the urinal lost in thought, when my colleague Ed came in and stood at the urinal to my right. Ed was not what today’s crowd would call ‘the popular kid.’ I didn’t know him well, but I knew he was distant, quirky—brilliant—and I liked him. I always treated him with respect and he always greeted me with humor. On that night his greeting was: ‘What’s a big shot like you doing here so late?’
Ed was a database expert. I described our GDG roadblock to him. He went into deep thought, and then turned to me and said: ‘I think I can fix that.’
I returned to the conference room with him. The teams worked into the early hours, but by the following morning, we had a breakthrough.
Why hadn’t Ed been on the other GDG projects in the first place? Heck, why wasn’t he on my team? Believe me, I asked. The New York leaders, knowing their personnel and their assignments, had made their ‘best’ available to the GDG projects. It seemed that Ed wasn’t viewed as one of the best, because he was different. There’s a lesson there somewhere, for all of us.”
Composition
The people equation often gets lost in IT. The lesson my dad taught me and the one that Kotch has learned while at AIG is this: Be open-minded, listen, and don’t be afraid to change the composition of teams—great ideas can come from anywhere.
Only users who have a paid subscription or are part of a corporate subscription are able to print or copy content.
To access these options, along with all other subscription benefits, please contact info@waterstechnology.com or view our subscription options here: https://subscriptions.waterstechnology.com/subscribe
You are currently unable to print this content. Please contact info@waterstechnology.com to find out more.
You are currently unable to copy this content. Please contact info@waterstechnology.com to find out more.
Copyright Infopro Digital Limited. All rights reserved.
As outlined in our terms and conditions, https://www.infopro-digital.com/terms-and-conditions/subscriptions/ (point 2.4), printing is limited to a single copy.
If you would like to purchase additional rights please email info@waterstechnology.com
Copyright Infopro Digital Limited. All rights reserved.
You may share this content using our article tools. As outlined in our terms and conditions, https://www.infopro-digital.com/terms-and-conditions/subscriptions/ (clause 2.4), an Authorised User may only make one copy of the materials for their own personal use. You must also comply with the restrictions in clause 2.5.
If you would like to purchase additional rights please email info@waterstechnology.com
More on Emerging Technologies
Bloomberg expands GenAI summary options on Terminal
The additions include an expansion of its AI-powered news summaries, as well as a new AI summary tool for company-related news content.
AI enthusiasts are running before they can walk
The IMD Wrap: As firms race to implement generative and agentic AI, having solid data foundations is crucial, but Wei-Shen wonders how many have put those foundations in.
Buy-side data heads push being on ‘right side’ of GenAI
Data heads at Man Group and Systematica Investments explain how GenAI has transformed the quant research process.
Jump Trading spinoff Pyth enters institutional market data
The data oracle has introduced Pyth Pro as it seeks to compete with the traditional players in market data more directly.
Treasury market urged to beef up operational resilience plans
NY Fed panel warns about impact of AI and reliance on critical third parties.
Waters Wavelength Ep. 339: Northern Trust Asset Management’s Jan Rohof
This week, Jan Rohof from Northern Trust Asset Management joins to discuss how asset managers and quants get more context from data.
EY and Microsoft partner to bring agentic AI to risk management
The two firms are part of a deal to bring agentic AI processes to core operations like lending, servicing and risk, starting at Eurobank.
T. Rowe taps Genesis, Cusip lawsuit, FanDuel-CME tie-up, and more
The Waters Cooler: Tokenization and private markets, EuroCTP-BMLL, StateStreet-PriceStats, and more.