The latest Weekly Cloud Trends, here at Hentsu, convey a sense of substantial progress when it comes to investments in cloud computing. Major corporations are pouring large pieces of their capital into cloud technology, and cloud-based businesses. This is particularly the case on the current banking, financial services, and hedge fund front.

Why Capital Markets Must Embrace Change and The Cloud

According to FT’s story, major companies such as HSBC, Goldman Sachs, and Deutsche Bank (in addition to others) are expanding their agreements with big cloud providers. Investments are now speeding up and the market is changing to befit the current economic landscape. As we have reported back in July, Google has partnerships with Goldman Sachs and Deutsche Bank. In fact, it was recently noted that “the drive to go digital will only intensify following the pandemic, which means that everything from market data to legal agreements to risk management is ripe for disruption. Many, if not all of these activities will be underpinned by cloud technology, which in turn opens the door to a whole range of data services, AI, distributed ledger technology, digital services, and many more. To take full advantage of such technologies, the great capital markets cloud migration needs to begin now.” Continue reading at Forbes.

IBM CEO Arvind Krishna Wants to Completely Transform His Organization

IBM is, once again, confirms its plan to shift the company’s well-known strategy for the upcoming business year. During an interview with CNBC Evolve summit, IBM CEO Arvind Krishna revealed his intentions to concentrate on “transforming his organization.” The goal is to create a hybrid cloud management vendor, moving forward. In short, this indicates that IBM “instead of trying to primarily sell its own infrastructure or software services — although it will continue to do that — it will concentrate on leveraging Red Hat, the company it bought for $34 billion in 2018, to help customers manage their hybrid environments regardless of location. That could be on-prem or it could be with any of the public cloud providers or anything in between.” Discover more at TechCrunch.

Amazon to Invest $2.8 Billion to Build its Second Data Center in India

Cloud giant Amazon uncovered the info that it intends to invest approximately $2.8 billion into setting up a new AWS Cloud region in India. Word is “The investment will allow Amazon to launch an AWS Cloud region in Hyderabad by mid-2022, said K. T. Rama Rao, Minister for Information Technology, Electronics & Communications, Municipal Administration and Urban Development and Industries & Commerce Departments, Government of Telangana. The new AWS Asia Region will be Amazon’s second infrastructure region in India, Amazon said in a press release. It did not disclose the size of the investment.” “The new AWS Asia Pacific (Hyderabad) Region will enable even more developers, start-ups, and enterprises as well as government, education, and non-profit organizations to run their applications and serve end-users from data centers located in India,” the e-commerce giant said. “Businesses in India are embracing cloud computing to reduce costs, increase agility, and enable rapid innovation to meet the needs of billions of customers in India and abroad,” adds Peter DeSantis, senior vice president of Global Infrastructure and Customer Support, AWS. Read on.

Date/Time

Date(s) - 01/01/1970
12:00 AM - 12:00 AM

Location

600 5th ave. NY, NY
As technologies evolve, companies find new ways to improve their respective businesses. Digital transformation also progressed from being a concept and a mere buzzword to becoming a tangible, successfully utilized business model and work methodology. At the heart of this dynamic tech industry, is the public cloud. Take a look at the latest scoops via Hentsū Weekly Cloud Trends and feel the pulse of the ever-growing cloud computing scene.

IBM Shares Rise on Plans to Spin off its IT Infrastructure Unit and Focus on the Cloud Business

Cloud computing and public cloud just got more exciting and more competitive. The year 2020 has seen a massive shift towards public cloud adoption. In an industry where everyone is increasingly turning their gaze toward the public cloud, IBM revealed its intention to spin off its IT infrastructure unit into "a new publicly traded company.” In short, the aim is to focus their legacy business more on cloud computing. IBM also revealed that it’s going to manage and modernize client-owned infrastructures. This is something the company sees as “a $500 billion market opportunity.” Other technology and solutions which include products from company Red Hat (recently bought by IBM) produced an impressive $5.75 billion in revenue in its second quarter of 2020, surpassing analysts’ forecasts. “We believe we can deliver strong growth within the company with the financial flexibility we will create with this transaction,” CEO Arvind Krishna explained to CNBC’s “Squawk on the Street.” Read the full story at CNBC.

Google Cloud’s Run Rate is Now Over $8B

Traditionally, Google does not divulge crucial financial information regarding its cloud business. However, that tradition changed recently, when the industry giant revealed their cloud business unit boasts a significant $8 billion annual revenue run rate, marking a huge rise from their $4 billion reported back in 2018. The news comes straight from Google CEO Sundar Pichai. While not dominant in the public cloud race, Google is beginning to catch up to its main competitors, Microsoft and AWS. Just to give you a better idea of how things are on the current market, AWS had a run rate of $30 billion during the last quarter, while Microsoft Azure ended up at approximately $11 billion. “Q2 was another strong quarter for Google Cloud, which reached an annual revenue run rate of over $8 billion and continues to grow at a significant pace,” Pichai revealed. “Customers are choosing Google Cloud for a variety of reasons: reliability and uptime are critical. Retailers like Lowe’s are leveraging the cloud as one of the important tools to transform their customer experience and supply chain.” Catch the rest of the story at TechCrunch.

Microsoft Partners Expand the Range of Mission-critical Apps You Can Run on Azure

For years now, Microsoft Azure has been expanding its partner ecosystem. Now, they are enabling thousands of organizations to bring their mission-critical applications to Azure. What this means is in order to meet the market demand, and with an increasing amount of businesses taking the road of digital transformation, more and more solutions are coming to Microsoft’s Azure package. “As a result, the definition of mission-critical applications is evolving and goes well beyond systems of record for many businesses. It’s part of why we never stopped investing across the platform to enable you to increase the availability, security, scalability, and performance of your core applications running on Azure. The expansion of mission-critical apps will only accelerate as AI, IoT, analytics, and new capabilities become more pervasive,” claims MS in a post. Right now, they are going beyond Azure services and capabilities with even more offerings. Find out more, over at MS.

Date/Time

Date(s) - 01/01/1970
12:00 AM - 12:00 AM

Location

600 5th ave. NY, NY