The end of the year is quickly approaching, and technology companies may be moving even faster.
2024 kicked off with palpable excitement for the growing sophistication of generative AI and machine learning tools. Businesses looked to harness the power of AI to automate and streamline numerous internal and external processes alongside their products.
Alongside AI, cybersecurity remained a perennial subject of conversation, as AI advancements in security tools competed with AI-powered cyber attacks. Several operational failures with powerful cybersecurity tools made headlines in 2024 and even grounded thousands of scheduled flights around the world, underlining the growing importance of cybersecurity — and its fail-safe precautions — in modern life.
Tech teams in Boston have a lot to look forward to going into 2025, and trends like advanced cybersecurity and AI-powered automation remain at the top of the updates for these businesses. Built In Boston is featuring five local organizations, including the latest updates on what each one has been up to in the latter half of 2024. With open roles at each company, Boston-based technology professionals should keep an eye on this list with 2025 in mind.
What the Federal Reserve Bank of Boston does: The Federal Reserve Bank of Boston is an extension of the central bank of the United States, promoting financial stability through conducting research, policy-making and providing financial services.
Career Growth Perks at the Federal Reserve Bank of Boston
- Online training courses
- Job-related conferences and seminars
- Mentorship program
Exploring the risks and rewards of new technology: The Federal Reserve Bank of Boston recently hosted its 68th annual economic conference, titled “The Future of Finance.” The focus of this year’s conference was on the implications that the latest technological advancements — like AI, machine learning and data analysis — will have on the financial services industry in the near and far future. In addition to presenting multiple papers and hosting panel discussions, speakers shared their thoughts on the rapidly changing technology landscape and the potential risks and opportunities they may present down the road.
What Imprivata does: Imprivata provides digital security, identity and access management solutions for companies in life- and mission-critical industries around the world.
Wellness Benefits at Imprivata
- Discounted gym memberships
- Wellness initiatives
- Fitness tracker reimbursement and walking treadmill desks
Streamlining security in a challenging industry: In the healthcare industry, providers and administrators navigate many technologies to provide patient care. Using passwords as authentication tools often creates headaches for providers attempting to help their patients quickly while maintaining tight security on private health information. To encourage healthcare teams to move toward a password-less workplace, Imprivata released a white paper that outlines the several phases a team can move through and how to get there.
What STR does: STR develops technology solutions to help solve national security challenges.
Inclusive perks at STR
- Documented equal pay policy
- Employee resource groups
- Diversity recruitment program
Enhancing security with innovation: As a team that emphasizes innovation and hard work, STR sponsors and attends numerous hackathons throughout the year. At a recent hackathon, STR showcased a new security detection tool, SourceHammer. With this tool, engineers can easily identify open-source vulnerabilities as they work, creating more secure software.
What Forward Financing does: Forward Financing provides flexible capital to small businesses looking for financing options.
Work-Life Balance Benefits at Forward Financing
- Generous PTO and parental leave
- Monthly wellness stipend
- Paid volunteer days
New resources for a growing customer base: Earlier this year, Forward Financing announced a $200 million increase to its existing credit facility, which now totals $450 million. This increase will allow Forward Financing to support more small businesses across the country, especially those operating in lower-income areas.
What Kensho Technologies does: Kensho Technologies develops AI and machine learning tools that help customers translate complex financial information into actionable insights.
Financial Perks at Kensho
- 401(k) matching and company equity
- Fully paid health benefits
- Paid 10-week sabbatical
Connecting disparate datasets with AI: Kensho recently launched a new data enhancement tool, Kensho Link, which helps businesses organize and enhance data by mapping entities to unique ID numbers from the S&P Global company database. This tool helps Kensho customers quickly enrich their own data with thorough information while maintaining a cleaner database with fewer clerical errors.
