SHARE



ABOUT THE AUTHOR


Michael Finneran
Michael F. Finneran, is President of dBrn Associates, Inc., a full service advisory firm specializing in wireless and mobility; services...
Read Full Bio >>
SHARE



Michael Finneran | October 20, 2015 |

 
   

Bring Your Own BlackBerry -- And Pay for It, Too!

Bring Your Own BlackBerry -- And Pay for It, Too! J.P. Morgan Chase takes multiple IT-focused initiatives to cut costs.

J.P. Morgan Chase takes multiple IT-focused initiatives to cut costs.

Last week, before J.P. Morgan Chase announced its third-quarter earnings results, an article appeared in the Wall Street Journal with the title, "J.P. Morgan to Some Employees: Pay for Your Own Phone." In response to increased financial pressure brought on by new banking regulations and persistently low interest rates, J.P. Morgan Chase is telling employees that they'll have to start paying for their own BlackBerry devices. This is one of a few initiatives the bank is taking to cut costs.

When the third-quarter earnings results were announced, quarterly profits actually increased 22% thanks to a big tax benefit, but trading revenues were down 15%. However, a lot of the cost-cutting ideas we've been tossing around have made it onto the potential chopping block.

I'm sure that many of the bankers are crying on their Gucci loafers about having to get their manager's approval to stay in five-star hotels like the St. Regis in New York or Claridge's in London, but a lot of the cost-cutting measures seemed to be aimed at IT costs.

From the sounds of it, the bank is heading for a program of non-reimbursed bring your own device (BYOD). According to the WSJ, the device policy changes will mean that there are restrictions on what email can be accessed on BlackBerry devices, and employees who want to keep a BlackBerry will need to pay for their data plans themselves. While iPhones and other devices have taken a large piece of the mobile pie, BlackBerry remains relevant. In fact, WSJ cited a BlackBerry spokeswoman who said that the company's clients include the largest banks and all G-7 governments. This is good news for BlackBerry, as it shows that there are still markets where BlackBerry's unique security capabilities are required.

The cost cutting measures go beyond BYOD. The bank is reportedly experimenting with what they call "ratio seating," for employees to share desks with people who work different shifts or move between company locations. It is also looking at relocating some employees to lower cost office space. I have to wonder, if that's the case, why not just let them work from home?

portable
Motorola DynaTAC phone

One of the more interesting ideas is the possibility of shutting off voicemail. The funny thing is, if they did turn it off, it might be weeks before anyone realized it. I'd never leave a voicemail for my son, because I know he'd never listen to it. He'd simply see that I called and call me back ... eventually.

When I think of voicemail, images of Gordon Gekko's Motorola DynaTAC phone, the world's first handheld mobile phone, immediately spring to mind. With the ascendance of text, both mobile and desktop, the idea of leaving a voice message seems about as likely as sending someone a fax.

If the cost cutting trend is hitting the financial industry, it means that profligate spending is in full rout. For those of us in IT, pushing back against the trend is not going to be a winning strategy. We better be ready to support the idea of retiring non-essential technologies while still securing funding for the productivity producing tools our users really need.

If you have any comments, leave me a voicemail, I'll be at the Claridge's.

Follow Michael Finneran on Twitter and Google+!
@dBrnWireless
Michael Finneran on Google+





COMMENTS



Enterprise Connect Orlando 2018
March 12-15 | Orlando, FL

Connect with the Entire Enterprise Communications & Collaboration Ecosystem


Stay Up-to-Date: Hear industry visionaries in Keynotes and General Sessions delivering the latest insight on UC, mobility, collaboration and cloud

Grow Your Network: Connect with the largest gathering of enterprise IT and business leaders and influencers

Learn From Industry Leaders: Attend a full range of Conference Sessions, Free Programs and Special Events

Evaluate All Your Options: Engage with 190+ of the leading equipment, software and service providers

Have Fun! Mingle with sponsors, exhibitors, attendees, guest speakers and industry players during evening receptions

Register now with code NOJITTEREB to save $200 Off Advance Rates or get a FREE Expo Pass!

December 13, 2017

The two major vendors in the Unified Communications space, Cisco and Microsoft, are both strongly promoting their cloud UC deployments. If cloud UC is on your enterprises roadmap, but you dont want

November 29, 2017

As video conferencing use rises in the enterprise, businesses are looking for ways to bring this technology out of traditional conference room and make it more broadly accessible. That's made the h

November 1, 2017

Your customers (internal and external) demand that you offer them the ability to connect by any means. With the adoption of cloud communications tools you now have access to an expanded portfolio o

November 30, 2017
With a ruling on the FCC's proposed order to dismantle the Open Internet Order expected this month, communications technology attorney Martha Buyer walks us through what's at stake.
October 23, 2017
Wondering which Office 365 collaboration tool to use when? Get quick pointers from CBT Nuggets instructor Simona Millham.
September 22, 2017
In this podcast, we explore the future of work with Robert Brown, AVP of the Cognizant Center for the Future of Work, who helps us answer the question, "What do we do when machines do everything?"
September 8, 2017
Greg Collins, a technology analyst and strategist with Exact Ventures, delivers a status report on 5G implementation plans and tells enterprises why they shouldn't wait to move ahead on potential use ....
August 25, 2017
Find out what business considerations are driving the SIP trunking market today, and learn a bit about how satisfied enterprises are with their providers. We talk with John Malone, president of The Ea....
August 16, 2017
World Vision U.S. is finding lots of goodness in RingCentral's cloud communications service, but as Randy Boyd, infrastructure architect at the global humanitarian nonprofit, tells us, he and his team....
August 11, 2017
Alicia Gee, director of unified communications at Sutter Physician Services, oversees the technical team supporting a 1,000-agent contact center running on Genesys PureConnect. She catches us up on th....
August 4, 2017
Andrew Prokop, communications evangelist with Arrow Systems Integration, has lately been working on integrating enterprise communications into Internet of Things ecosystems. He shares examples and off....
July 27, 2017
Industry watcher Elka Popova, a Frost & Sullivan program director, shares her perspective on this acquisition, discussing Mitel's market positioning, why the move makes sense, and more.
July 14, 2017
Lantre Barr, founder and CEO of Blacc Spot Media, urges any enterprise that's been on the fence about integrating real-time communications into business workflows to jump off and get started. Tune and....
June 28, 2017
Communications expert Tsahi Levent-Levi, author of the popular BlogGeek.me blog, keeps a running tally and comprehensive overview of communications platform-as-a-service offerings in his "Choosing a W....
June 9, 2017
If you think telecom expense management applies to nothing more than business phone lines, think again. Hyoun Park, founder and principal investigator with technology advisory Amalgam Insights, tells ....
June 2, 2017
Enterprises strategizing on mobility today, including for internal collaboration, don't have the luxury of learning as they go. Tony Rizzo, enterprise mobility specialist with Blue Hill Research, expl....
May 24, 2017
Mark Winther, head of IDC's global telecom consulting practice, gives us his take on how CPaaS providers evolve beyond the basic building blocks and address maturing enterprise needs.
May 18, 2017
Diane Myers, senior research director at IHS Markit, walks us through her 2017 UC-as-a-service report... and shares what might be to come in 2018.
April 28, 2017
Change isn't easy, but it is necessary. Tune in for advice and perspective from Zeus Kerravala, co-author of a "Digital Transformation for Dummies" special edition.
April 20, 2017
Robin Gareiss, president of Nemertes Research, shares insight gleaned from the firm's 12th annual UCC Total Cost of Operations study.
March 23, 2017
Tim Banting, of Current Analysis, gives us a peek into what the next three years will bring in advance of his Enterprise Connect session exploring the question: Will there be a new model for enterpris....
March 15, 2017
Andrew Prokop, communications evangelist with Arrow Systems Integration, discusses the evolving role of the all-important session border controller.
March 9, 2017
Organizer Alan Quayle gives us the lowdown on programmable communications and all you need to know about participating in this pre-Enterprise Connect hackathon.
March 3, 2017
From protecting against new vulnerabilities to keeping security assessments up to date, security consultant Mark Collier shares tips on how best to protect your UC systems.
February 24, 2017
UC analyst Blair Pleasant sorts through the myriad cloud architectural models underlying UCaaS and CCaaS offerings, and explains why knowing the differences matter.
February 17, 2017
From the most basics of basics to the hidden gotchas, UC consultant Melissa Swartz helps demystify the complex world of SIP trunking.
February 7, 2017
UC&C consultant Kevin Kieller, a partner at enableUC, shares pointers for making the right architectural choices for your Skype for Business deployment.
February 1, 2017
Elka Popova, a Frost & Sullivan program director, shares a status report on the UCaaS market today and offers her perspective on what large enterprises need before committing to UC in the cloud.
January 26, 2017
Andrew Davis, co-founder of Wainhouse Research and chair of the Video track at Enterprise Connect 2017, sorts through the myriad cloud video service options and shares how to tell if your choice is en....
January 23, 2017
Sheila McGee-Smith, Contact Center/Customer Experience track chair for Enterprise Connect 2017, tells us what we need to know about the role cloud software is playing in contact centers today.