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Information Technology - Financial Services
(Platinum Winner)

PO#

#TBA02715

Payment Status

Paid

PO Created Date

2024-04-23 22:11:33

Paid Date

2024-04-23 22:12:41

Competition

2024

Season

Entry ID

TBE103010

Entry Submission Date

2024-04-23 21:58:30

Member's Name

SUMIT BHATNAGAR

Member's Email

sumit.bhatnagar@chase.com

Entry Level

Information Technology

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Yes

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IT24041 - Financial Services

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Project Description

Project Description for Judges

Question 1 : Provide a brief description / background of your nominated organizational, departmental, team, or individual circumstance. (Your response to this question will be used for public display if your entry is awarded.)

Sumit Bhatnagar is a distinguished professional with extensive experience and a deep-seated passion for crafting and leading innovative projects within the global business arena. His expertise in development and design has consistently resulted in successful initiatives that reflect a keen understanding of diverse market dynamics and an unwavering commitment to excellence. Sumit brings with him 18 years of extensive experience in the IT industry, characterized by a keen eye for innovation, sustainability, and excellence. His expertise extends to technology, innovation, social impact etc. to name a few, providing him with a well-rounded perspective to assess and execute groundbreaking projects.

He is proficient in both Agile and Waterfall project management methodologies, skilled in leading large teams, and recognized for consistently delivering projects that exceed time and budget expectations.
With extensive experience in multi-tier, distributed software development, he specializes in leveraging Machine Learning, IoT, Artificial Intelligence, Microservices, Cloud, Event-Driven Architecture, and client-server models.
Highly regarded for exceptional performance in the Retail, Insurance, and Banking sectors, with significant contributions at major firms including JP Morgan Chase, Adidas, and Reebok.

Certifications and memberships:
-AWS Certified Solution Architect
-Senior member of IEEE (Institute of Electrical and Electronics Engineers)
-Fellow member of IA-ENG (International Association of Engineers)
-Royal Fellow of IOASD (International Organization for Academic and Scientific Development)
-Published multiple research papers in reputed journals/publications
-Sun Certified Java Programmer (SCJP)
-INS 21 Certified with Grade E (Excellent)
-Certified ScrumMaster® (CSM®)
-Mentor in ADPList

Question 2 : Outline your nominated organizational, departmental, team, or individual achievements, dated 1-3 years prior, based on your selected categories.

Notable achievements:
1. Despite being competitors, adidas and Reebok both reaped the benefits of a sophisticated labeling solution developed by Mr. Sumit Bhatnagar. This solution enables both companies to efficiently print their barcodes, resulting in significant cost savings. The shared underlying application streamlined operations and proved to be a substantial success for both entities.

2. Farm Bureau Financial previously operated on a legacy system for calculating agent commissions, which consumed 20 days to complete all processes on their mainframe system. Recognizing the need for improvement, he spearheaded an initiative to modernize the system, leveraging cutting-edge J2EE technologies. As a result, he successfully streamlined the entire cycle, reducing the processing time from 20 days to just 5 days. This accomplishment significantly alleviated the monitoring workload, saving 15 days of effort.
Furthermore, he addressed limitations in report generation imposed by the mainframe system. Approximately 500 reports were migrated to more advanced platforms, such as Microsoft SSRS and SAP Crystal Reports, enhancing the efficiency and capabilities of the reporting system. This comprehensive overhaul not only expedited commission calculations but also expanded the range and quality of generated reports, contributing to Farm Bureau Financial's operational efficiency and technological advancement.

3. At JPMorgan Chase, Mr. Sumit addressed a significant usability issue on chase.com. The platform encountered considerable delays when users with jumbo profiles, defined as those with more than 250 accounts, attempted to log in. The website's prolonged loading time hindered user experience, as it painstakingly loaded all accounts. To alleviate this challenge, he took the initiative to enhance the system. Recognizing the inefficiency of loading all accounts simultaneously, he introduced a strategic solution. Leveraging VmWare Gemfire, he implemented a caching mechanism that allowed the website to load jumbo profiles in under 3 seconds. This not only streamlined the process but also provided users with the convenience of viewing all their accounts on a single page through seamless scrolling.
This optimization proved to be a significant triumph for the company, enhancing both user satisfaction and overall system performance.

Question 3 : Provide examples of the strategies / plans you have introduced, in order to attain your nominated organizational, departmental, team, or individual achievements. Explain why the highlighted achievements are significant / unique.

Why these achievements are significant:
1. adidas and Reebok: Typically, competitors in the same industry strive for exclusivity in their operational strategies to gain a competitive edge. However, in this case, adidas and Reebok's decision to utilize a shared technology solution is a great example of "co-opetition" (cooperative competition). This approach shows that companies can find common ground in shared technologies that improve efficiency and reduce costs, benefiting both without compromising their competitive positions. When major players in a market segment adopt a new technology or process, it often sets a new standard across the industry. Efficient labeling and barcode systems also potentially reduce waste by minimizing errors in shipping and handling, contributing to sustainability efforts. This is increasingly important as companies face pressure to reduce their environmental footprints.
2. Farm Bureau Financials: The legacy system required a staggering 20 days to complete all processes. Sumit's initiative to modernize the system resulted in a drastic reduction in processing time, down to just 5 days. This 75% reduction in processing time has not only expedited commission calculations but has also significantly enhanced operational efficiency. By spearheading the initiative to modernize the system, Sumit leveraged cutting-edge J2EE/Microservices technologies. This technological advancement not only improved efficiency but also ensured that Farm Bureau Financial was no longer reliant on outdated systems, positioning the company at the forefront of technological innovation in the industry. Sumit's accomplishment has contributed significantly to Farm Bureau Financial's operational efficiency. By reducing processing time and improving the reporting system, the company can allocate resources more effectively, reduce costs, and achieve better outcomes.
3. JPMorgan Chase: The optimization significantly enhanced user experience on chase.com. Previously, users with jumbo profiles experienced considerable delays while logging in due to the prolonged loading time. By reducing the loading time to under 3 seconds, users could access their accounts swiftly, which greatly improved user satisfaction. The implementation of the caching mechanism using VmWare Gemfire was a technical triumph. It demonstrated the ability to recognize and address a significant usability issue and introduced a strategic solution that greatly improved the platform's performance.

Optional Context for Judges (Not for publication. This section is solely for judges' evaluation.)

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Link List

Link	Password Protected	Display (Winner Info)
https://www.linkedin.com/in/sumitbhatnagar1411/	No	Display
https://scholar.google.com/citations?user=ndpH5sYAAAAJ&hl=en	No	Display
https://www.researchgate.net/profile/Sumit-Bhatnagar-7/research	No	Display
https://adplist.org/mentors/sumit-bhatnagar	No	Display
https://orcid.org/my-orcid?orcid=0009-0007-7318-8656	No	Display

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		upload/entry/files/TBE103010/43101713931657.pdf	166.60KB	upload/entry/files/TBE103010/43101713931657.pdf	166.60KB	Hide

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