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Stop ‘Too Big to Fail’

In his Communications and Technology Blog, Rich Tehrani writes:

When I was younger there were many regulations in place which stopped banks from growing too large. Over the past decades, these regulations have been washed away and banks took the opportunity to acquire their way to becoming ever larger. Eventually we ended up with a system of banks and insurance companies which were such a large part of financial markets that they had too many hooks in everything to be allowed to go under.

What we have now is the exact opposite. The majority of bankers – especially the ones who took home billions in bonuses – took extreme risk and bankrupted their industry and much of the world with them. Various governments stepped in to save the system and in doing so perverted capitalism.

What is most shocking to me is that five percent of the U.S. workforce has lost jobs due to the banking/insurance problems of the past half-decade and now, many of the bankers are back to getting their massive bonuses – in the billions. These are the same bankers who would be out of work if it wasn't for the tax dollars of the people they put out of work.

The injustice is staggering and the system has indeed been royally screwed up.

Having said that it seems in hindsight like much of what was done to bail out these firms had to be done.

This leads me to the next point, which is “too big to fail” must go away as of today. Let's stop the practice of bailing out the most incompetent people at the expense of the little guy who is working hard and managing his finances effectively.

Visit Rich’s blog at http://blog.tmcnet.com/blog/rich-tehrani/
UC and the Chief Innovation Officer

In his Hyperconnected Enterprise blog Tony Rybczynski writes:

Kim Tae Keuk, the CIO of LG Electronics (News - Alert) gets it.

“A lot of CEOs want their CIO to be a business partner, not just a master technician. One way to do that is to become true experts at the company’s business processes and then help innovate those processes.”

To me, the business value of unified communications comes when UC is integrated into business processes leveraging vendor-agnostic integration software such as Nortel (News - Alert)’s ACE. It’s all about accelerating these business processes by reducing human latency.

Kim is right when he says that CIO can mean chief innovation officer... and software-centric UC can be a key enabler. Visit Tony’s blog at http://blog.tmcnet.comthe-hyperconnected-enterprise

SugarCRM (News - Alert)

In his “First Coffee” blog, TMCnet’s David Sims writes:

A SugarCRM tutorial site, CRMStage.com, has been launched “to assist SugarCRM developers, partners and customers to speed up development time.”

In the past SugarCRM developers “would have to spend hours in forums or going through code in order to make customizations,” says Josh Sweeney, founder of CRMStage.com.

The site offers “tutorials and articles” to provide steps for conquering what site officials say are “common and difficult SugarCRM customization tasks.”

CRMStage officials said they see their offering as complimentary for SugarCRM by offering not only articles and tutorials but “and pre-built custom modules” for SugarCRM: Users “can read a tutorial that will guide them through both basic and advanced customizations, saving time and money,” Sweeney says.

Visit David’s blog at http://blog.tmcnet.com/telecom-crm

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