With the sale of McGraw-Hill Education completed, McGraw Hill Financial is redefining itself as “a high-growth, high-margin business serving the global capital and commodity markets,” as the company stated in the release announcing the completion of the transaction last month.
The change in Hitesh Chitalia's title, from director of e-business for the Information and Media segment to director of solutions architecture for Commodities and Commercial Markets, reflects the way McGraw Hill now sees itself. The company is emphasizing how it serves specific markets, such as aviation and construction, rather than identifying itself by the means it uses.
Chitalia, a 10-year McGraw Hill veteran, is working with the same business units, though—McGraw-Hill Construction, Platts, Aviation Week and J.D. Power and Associates.
“I look at emerging technologies to see how we could use them and develop products from them,” he said. “You could say innovation is my job description.” He is currently exploring opportunities in content enrichment, Big Data and mobile applications, while working with the company's business units to test product prototypes.
These efforts have already led to new technology platforms, including the one that powers BuildShare, MarketShare and SpecShare within McGraw-Hill Construction's Dodge unit. These business intelligence tools enable subscribers to easily perform such functions as forecasting, lead generation and market analysis with Dodge data.