How Blackstone CTO Bill Murphy Drives Innovation

Murphy: I believe that it is the number one least explored topic because it is not "sexy." When you read media columns, they spend significantly more time discussing machine learning than they do about the mountain of technology that will never get cleaned up and is degrading every day. Unfortunately, that mountain prevents organizations from innovating because it blocks their ability to take artificial intelligence [AI] or machine-learning and apply it to their business. These larger companies have massive built-in advantages, such as customers and network effects that should typically make startups irrelevant. However, they have done a poor job of cleaning up the anchor of their technical systems, organizational systems, and old processes that should have been updated.