Season 4, Post 3: Virtual coffee with the Head of IT

One of the joys of being an investor in future trends is that you get to talk to interesting people. What better way to learn about the future then…

Season 4, Post 3: Virtual coffee with the Head of IT

One of the joys of being an investor in future trends is that you get to talk to interesting people. What better way to learn about the future then, than to have a conversation with Heptagon Capital’s very own Head of IT. We had intended to do this event over a civilised cup of coffee in the Mayfair area, but owing to the ongoing coronavirus pandemic, sadly we had to make do with conducting our chat virtually, over Microsoft Teams.

"IT has become a lot cooler" - Marldon Smalling

Teams was an inevitable topic in our conversation given the important role it has played in how we (and many others across the globe) have done their jobs/ lived their lives for much of the last two years. Marldon, our IT Head – who described himself as “obsessed” with computers from the age of nine – highlighted that Teams had been the “glue” that had helped bind the business during the pandemic. It enabled people to “work remotely but be kept together.” Teams, of course, needs to be seen in the context of a broader IT shift underway at Heptagon and many other firms. If more applications can be run remotely (in cloud environments) rather than on-premise, then this can yield huge efficiency benefits. As we have written elsewhere, cloud adoption globally remains in a very early innings.

While remote working has become the new normal almost everywhere, as Marldon notes, it “removes uniformity.” Data breaches and cyber-attacks constitute the main things that metaphorically keep our IT Head up at night. Needless to say, in an increasingly digital world, firms “cannot operate without their data.” The corollary of these observations is that spend on cyber solutions (particularly to mitigate malware and ransomware) remains an upmost priority. Human error, unfortunately, continues to be “a given constant” and so cultural buy-in – ensuring that people are automatically wary of suspicious emails, for example – is also critical. Growth in cyber-spend is a trend that will only grow in importance.

Our final discussion subject, perhaps unsurpsingly, related to the future. When asked what trends excited Marldon most, he called out more artificial intelligence deployment specifically. The logic is compelling, in our view, if tasks can be automated, for example, and/or threat prevention moves from being reactive to pre-emptive. Marldon also made a case for metaverse meetings but seemed somewhat more lukewarm about virtual reality opportunities. As a closing question, we pondered how more young people might follow in Marldon’s footsteps. He was confident they would, particularly given the ubiquity of gaming and social media that has helped drive awareness. As he noted, “IT has become a lot cooler.”   

19 January 2022

The above does not constitute investment advice and is the sole opinion of the author at the time of publication. The author of this piece has no personal direct investment in the business. Past performance is no guide to future performance and the value of investments and income from them can fall as well as rise.

Alex Gunz, Fund Manager

Disclaimers

The document is provided for information purposes only and does not constitute investment advice or any recommendation to buy, or sell or otherwise transact in any investments. The document is not intended to be construed as investment research. The contents of this document are based upon sources of information which Heptagon Capital LLP believes to be reliable. However, except to the extent required by applicable law or regulations, no guarantee, warranty or representation (express or implied) is given as to the accuracy or completeness of this document or its contents and, Heptagon Capital LLP, its affiliate companies and its members, officers, employees, agents and advisors do not accept any liability or responsibility in respect of the information or any views expressed herein. Opinions expressed whether in general or in both on the performance of individual investments and in a wider economic context represent the views of the contributor at the time of preparation. Where this document provides forward-looking statements which are based on relevant reports, current opinions, expectations and projections, actual results could differ materially from those anticipated in such statements. All opinions and estimates included in the document are subject to change without notice and Heptagon Capital LLP is under no obligation to update or revise information contained in the document. Furthermore, Heptagon Capital LLP disclaims any liability for any loss, damage, costs or expenses (including direct, indirect, special and consequential) howsoever arising which any person may suffer or incur as a result of viewing or utilising any information included in this document. 

The document is protected by copyright. The use of any trademarks and logos displayed in the document without Heptagon Capital LLP's prior written consent is strictly prohibited. Information in the document must not be published or redistributed without Heptagon Capital LLP's prior written consent. 

Heptagon Capital LLP, 63 Brook Street, Mayfair, London W1K 4HS
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