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.