Welcome to the Cloud Wars Minute — your daily news and commentary show, hosted by Cloud Wars Founder Bob Evans. Each episode provides insights and perspectives around the “reimagination machine” that is the Cloud.
01:25 — Goldman Sachs has leaped into the greatest growth market the world has ever known by becoming a cloud vendor.
02:08 — The investment bank is pushing its considerable banking and trading capabilities into what it calls the “Financial Cloud.” Though not publicly announced, Goldman Sachs is actively recruiting engineers to build infrastructure to extend the reach of its financial services.
02:30 — Of the Financial Cloud, the company says it’s an “unprecedented opportunity to extend the reach of our financial services.” The cloud enables Goldman’s IT financial metrics to transition from a cost center to a revenue driver.
02:55 — Goldman Sachs’ core capabilities are now being referred to as “infrastructure” on which their clients will be able to build their own software and features.
03:22 — The Financial Cloud will allow brands and corporations to bring Goldman’s financial services to their own customers and in their own environments.
03:55 — The company represents a continuing transition from businesses being consumers of software to co-creators and allies with one another as they seek new capabilities for cloud technology.