• Describe your company's position within the pillars of analytics competition? 1. Supporting a strategic, distinctive capabilities: JPMC offers a wide range of financial products and tailored strategies based on individual needs, from big corporations to small businesses and from wealthy individuals to low-income households. Furthermore, the company has never stopped investing on technology; for example, the company spent more than $9 billion in firm wide technology in 2016 alone; in order to add values to its customers for a more diversified and affordable products/services as well as maximize efficiency and minimize operational errors2 (JPMorgan Chase's). 2. Senior management was committed to the use of analytics: one of the main reasons that attributes to JPMC’s success is the commitment that JPMC’s C-level executives have put in analytics. The company’s chief operating executive, Matt Zames, …show more content…
Starting in 2017, as in a final and current stage in competing on analytics as an analytical competitor, JPMC - with high degrees in strategic and distinctive capabilities, full analytical commitment from C-level executive, widely available enterprise approach and management, and the company’s large scale long-term ambition – has never stopped asking itself “what’s next?” question by keeping on sustainable innovation in analytical technology. As mentioned in previous questions, whether to decrease expenses or increase revenue, JPMC has always analytically stayed ahead of its competitors7 (Morningstar). The company’s earning has repetitively beat Wall Street’s estimates in almost every single financial category, from expected revenue to earning per share, becoming the most profitable financial institution in the history of banking8 (Son). Those successes would not have been accomplished without analytical advantages that the company has heavily invested in over the past few years. In other words, analytical is the primary driver of the company’s performance and