UPDATE: In a revealing interview, Blackstone’s Chief Technology Officer, John Stecher, shares how he leverages his daily 35-minute subway rides to stay ahead in the fast-evolving tech landscape. As artificial intelligence continues to transform industries, Stecher emphasizes the importance of ongoing upskilling to maintain a competitive edge.
Stecher, who oversees technology, cybersecurity, and early-stage tech investments at Blackstone, notes that the role of CTO is in constant evolution. “Technology wasn’t looked at as being an absolute must-have in a business, but it is now,” he stated in an interview with Business Insider. This statement underscores the urgent need for executives to adapt as technology becomes integral to success across all sectors.
During his daily commute, Stecher dedicates time to read articles and research papers on applied technologies from industries outside finance, such as aviation, robotics, and pharmaceuticals. “It’s just enough time to come up to speed with something on my way to work and decompress on my way home,” he explained, highlighting the balance he maintains between work and family life.
Stecher’s commitment to upskilling extends beyond reading; he incorporates hands-on learning into his routine. He reserves one to two hours each weekend for experimentation with new tools and technologies. This practical approach allows him to apply what he learns in real-world scenarios, such as creating tools to help parse through numerous investment committee memos.
“Technology under the covers looks the same,” Stecher noted, drawing parallels between industries. His hands-on experiments may include simple projects, like using AI to automate household tasks, illustrating his belief that even minor challenges can enhance his engineering skills.
Stecher’s proactive habits are not just personal; he actively engages his team in discussions about their findings. “I have my day-to-day banter with them about what works and what doesn’t,” he shared, emphasizing the importance of collaboration in fostering innovative solutions.
As technology rapidly advances, Stecher’s strategies serve as a model for other executives aiming to keep pace. His insights call attention to the necessity for leaders to prioritize continuous learning and adaptability in a world where technological proficiency is crucial for organizational success.
In a landscape where even the most established firms must innovate or risk obsolescence, Stecher’s approach is a timely reminder of the importance of integrating hands-on learning with theoretical knowledge.
The urgency of these developments in technology and leadership calls for immediate attention and action. As Blackstone continues to navigate the complexities of modern finance, Stecher’s commitment to upskilling may pave the way for future advancements in the industry.
For those looking to enhance their own professional skills, Stecher’s journey illustrates how everyday moments can be transformed into opportunities for growth. His story is not just about one individual’s learning process; it serves as a rallying call for professionals everywhere to embrace change and invest in their future.
