We inducted Wiz and Databricks into our Hall of Innovation and spoke with their CEOs in an exclusive panel discussion.
By Larry Feinsmith, Head of Global Technology Strategy, Innovation and Partnerships
We just wrapped up our 15th Annual J.P. Morgan Technology Innovation Symposium and what an event it was!
Leading entrepreneurs, tech founders, CEOs and VCs gathered in Menlo Park to discuss industry trends and key innovation areas, build their networks and celebrate JPMorgan Chase’s 2023 Hall of Innovation inductees. I was excited to kick off the event highlighting the importance of partnering with the Silicon Valley innovation community as a key component of our innovation agenda and encouraged everyone to keep challenging us as it makes us better.
The packed audience got to hear from our Global Technology leaders—including our Global Chief Information Officer, Lori Beer. She talked about how we spend our $15 billion tech budget and our strategic priorities—including our continued focus on building innovative developer platforms and experiences for customers and employees, multi-cloud and strong cybersecurity—and reinforced our commitment to a long-term technology strategy. She also discussed how we drive insights from data with AI yielding considerable value and commented that generative AI specifically will transform financial services as well as employee and customer experiences.
Databricks and Wiz were announced as this year’s inductees to the Hall of Innovation, a recognition that we bestow to emerging technology companies that are at the top of their game in product excellence, disrupting the tech landscape and exhibiting great partnership with JPMorgan Chase.
Scot Baldry, our Chief Information Officer for Corporate Technology, presented the award to Databricks for its Cloud-based data engineering platform that enhances data management, governance, and transformation. Wiz received the Hall of Innovation award from our Global Chief Information Security Officer, Pat Opet, for enabling organizations to enhance the security of their cloud environments.
I had the pleasure of leading a candid conversation with Ali Ghodsi, CEO of Databricks, and Assaf Rappaport, CEO & Cofounder of Wiz, on the growth trajectories of their respective companies. While the two companies grew differently and are currently at various stages in their growth, they are both highly successful founders and CEOs and had wise advice to share with each other and the audience. They talked about challenges, failures, learning from the past, seizing opportunities for growth and how to partner with large complex enterprises.
Ali said, “Establishing relationships across industries, having a strong vision that inspires employees and customers, and building an amazing team were important,” which Assaf agreed with. They also agreed that building a strong company culture is important and reiterated their commitment to their customers—“It’s all about customer obsession,” Assaf said.
We also held breakout sessions led by our technology leaders to dive a bit deeper into some of our core focus areas: multi-cloud and developer platforms, transforming employee and customer experiences, AI and data-driven financial services and cybersecurity.
The day culminated with a fabulous networking reception, where attendees continued to build great connections and have informal conversations with their peers.
Well done to all of my JPMorgan colleagues; thank you to all of the attendees; and congrats to Ali and Assaf—this year’s Hall of Innovation inductees!
You're now leaving J.P. Morgan
J.P. Morgan’s website and/or mobile terms, privacy and security policies don’t apply to the site or app you're about to visit. Please review its terms, privacy and security policies to see how they apply to you. J.P. Morgan isn’t responsible for (and doesn’t provide) any products, services or content at this third-party site or app, except for products and services that explicitly carry the J.P. Morgan name.