Hentsū had the pleasure of joining the Google Cloud Summit on Tuesday in New York. Leaders and partners in the industry gathered to discuss the challenges in doing business that funds face today and how cloud-based solutions helped by applying technologies such as AI and Machine Learning across G-Suite, in order to boost productivity and efficiency. This includes intelligent search functions, applications such as “app maker” that shorten development time, and tools to process big data at lightning speeds which ultimately enhance the research being conducted. Hentsū’s role in this is multi-faceted. Firstly, we provide expertise within the hedge fund space. Furthermore, as an active Google partner, we help managers reap the benefits of this powerful cloud platform while mitigating risk and cutting costs. We do so by both deploying and fully managing a fund’s migration to a cloud-based environment.
The Summit discussed how some of the challenges faced by funds looking to migrate to a cloud-based environment in-house are around legacy systems. These systems have been in production for years, and as such, migrating sensitive and proprietary transactional data requires careful handling and of course, security. The first-hand experience in the hedge fund space that Hentsū possess, allows us to understand these challenges inside and out. Our focus is concentrated on helping funds deploy and manage these solutions in the most efficient and secure way.
Benefits of a Cloud Expert
As we’ve previously noted, even Amazon and Google both agree that everything fails, but by building security and resiliency into the bones of the technology’s infrastructure, you can mitigate losses while also ensuring you remain compliant with the ever-changing regulatory landscape.
According to IDC, by 2018, 65% of finance firms will be in the cloud. These trends are causing funds to make big decisions around what technology they choose to manage in-house, and what they find valuable to outsource to a vendor who is an expert in the end-to-end process. Knowing that the whole process, starting from the actual technology migration, all the way to the compliance and security that surrounds it, is in trusted and capable hands, is spurning more and more funds to bite the bullet and entrust experts with their legacies.
Additional information on Google Cloud Platform Security can help funds understand Google’s standards around privacy, safety and compliance and can be found here.
We would love to hear about the challenges your business faces around deployments and migrations to the cloud and where we can help: firstname.lastname@example.org