And he argued that the current model for monitoring the quality of teaching in universities would need to be radically overhauled, as it was "too vague, too slow and too distant from the student".
Run by the University of North Carolina, Charlotte (UNCC), SWIFT seeks to combine the use of low-cost real-time energy monitoring technology and an administrative model incorporating university research.
The significant attraction to companies producing glucose monitoring devices is that the business model is a classic razor-and-blade concept as an overwhelming portion of sales by these companies consists of the recurring test strips.
As Aircell and Row 44's services expand, LiveTV is monitoring passengers' usage to gauge how to move ahead with its own business model, said Mike Moeller, vice president of sales and marketing for the company.
One under-reported but highly significant aspect of the whole extraordinary incident is that Mr Dimon announced that he was abandoning a new financial system for monitoring the risks run by the Chief Investment Office and reverting to the old one - because the new model was chronically understating the potential losses the bank could have generated on any given day.