Google-Greenwich: Financial firms agree on cloud's ubiquity, but vary widely on use cases
New research highlights predicted growth areas for cloud computing—and the tools it enables, such as AI and machine learning—in the capital markets. Spoiler alert: Google says cloud is becoming as ubiquitous as the search giant itself.
Capital markets firms are increasing their use of cloud computing at an ever-accelerating rate, with the industry planning to consume and deliver more services via the cloud over the next 12 months, according to a survey conducted by Google and research firm Coalition Greenwich. However, how and where buy-side and sell-side firms are using the cloud differs significantly.
For example, while 90% of the buy side is consuming cloud-deployed data in some way, only 67% of sell-side firms currently
Only users who have a paid subscription or are part of a corporate subscription are able to print or copy content.
To access these options, along with all other subscription benefits, please contact info@waterstechnology.com or view our subscription options here: http://subscriptions.waterstechnology.com/subscribe
You are currently unable to print this content. Please contact info@waterstechnology.com to find out more.
You are currently unable to copy this content. Please contact info@waterstechnology.com to find out more.
Copyright Infopro Digital Limited. All rights reserved.
As outlined in our terms and conditions, https://www.infopro-digital.com/terms-and-conditions/subscriptions/ (point 2.4), printing is limited to a single copy.
If you would like to purchase additional rights please email info@waterstechnology.com
Copyright Infopro Digital Limited. All rights reserved.
You may share this content using our article tools. As outlined in our terms and conditions, https://www.infopro-digital.com/terms-and-conditions/subscriptions/ (clause 2.4), an Authorised User may only make one copy of the materials for their own personal use. You must also comply with the restrictions in clause 2.5.
If you would like to purchase additional rights please email info@waterstechnology.com
More on Emerging Technologies
Old dogs and new tricks at Brown Brothers Harriman: Meet Kevin Welch
After two decades of working for the oldest private bank in the US, Welch has mastered keeping his balance—change and stasis, humans and artificial intelligence, work and play.
BNY doubles down on AI investments amid operating model overhaul
The bank’s CEO said he remains convinced of the potential of AI to enhance client offerings and increase the efficiency of employees.
The Waters Cooler: Drink wine and avoid talking to morons
UBS’ narrative alpha ML tool; SS&C fighting a ‘Frankenstein’ perception; why Citadel (and others) aren’t IPO’ing; and even more tape providers emerging. Lots to get to.
UBS embraces ‘narrative alpha’ with new NLP engine
The tool provides a new form of sentiment strategy that traces how stories spread, instead of counting words.
Waters Wavelength Ep. 291: Do you know enough to be dangerous?
Tony and Wei-Shen have a philosophical chat about what “being dangerous” means.
Icy attitudes on internal GenAI usage are thawing—and just in time
Waters Wrap: More and more banks and asset managers are publicly talking about how they are experimenting with generative AI. In the fight for talent, Anthony says this is a necessary step.
Banks must loosen up on ChatGPT use – risk chiefs
’Shadow use’ and inability to attract new hires mean restricting access to GPTs is untenable
Waters Wavelength Ep. 290: Nasdaq’s Valerie Bannert-Thurner
Nasdaq’s EVP and chief revenue officer for the financial technology division joins Nyela on the podcast.