Prediction - Disruptive Innovation - Reinvention

IT predictions for for 2013 are coming in this days and regulatory and business requirements will continuing drive financial institutions to take leading positions in technology.

I dare to extract two predictions and describe what conclusions we have derived from them.
  1. personal cloud computing to increase utilization and flexibility of the IT infrastructure
  2. smart mobile devices become capable of running complex mathematical schemes locally
The personal cloud will provide a unique collection of services, Web destinations and connectivity that makes it the home for financial expert's integrated valuation and data management processes from pricing to risk management.
It will shift the focus from client devices to cloud-based services including the integration of smart mobile devices.
On the other hand smart mobile devices will run smart apps that, say, help to explain complex financial concepts to non experts, ... locally

With this in mind we have decided to rebuild our core technologies, the pricing and calibration engines and the services linking them to data bases and the web, more than a year ago - newUnRisk - while reinventing our business model.

IMO an innovation is disruptive if it combines technological and business model advantages in search of customers who need more. A mere price competition is not disruptive, but a better price offer can be a result of a better cost structure, because of the disruptive innovation. The PC was a disruptive innovation ... influencing the software licensing/pricing dramatically. 

(Personal) cloud computing will enable smart on-demand analytics with wide access. The operator of the solution may be, say, a bank or a financial services institution serving a variety of, say, banks.

Our business model is expressively one-sided: we sell solutions and development systems to financial professionals or quant developers - our development technology has tools that can link both - UnRisk FACTORY products and customized solutions built with, say, webUnRisk.

But in in our licensing/pricing we do not distinguish between the UnRisk engines of the development or user systems - in non-web environment it is performance and seat related. In a web environment it is performance and user related.
And it will be easy to orientate licensing and pricing on on-demand usage in cloud environments.

In short, we unleash the programming power behind the UnRisk solutions, we rebuild them making them even fitter for future IT environments and front-ends, make newUnRisk also available for quant developers (in the frame of premium services or new) and our licensing/pricing will not put developers and service providers at a disadvantage.
And we will not act as a financial services provider ourselves - neither conventional, nor in a cloud. We make systems and know-how packages for developers (and their users) and users.