I am a contrarian by nature. Call it bull headedness. A perverse need to test my pain thresholds. Or, just plain stupidity.
When it comes to the herd, I tend to run the other way – either literally or, at least, in my line of thinking. Things that become overexposed or overhyped, like English-cut suits with that monstrous flap of fabric in the back, the Kardashians, and – yes – even the co-dependence-inducing inanity of the Twittosphere, tend to turn me off. (OK, full disclosure: I begrudgingly joined Twitter last week.)
The “cloud” has been at risk of falling into this category. My inbox is littered with messages touting the latest and greatest cloud-based offerings. If my email archives could talk, I am convinced they would sound like a flock of myna birds: “Cloud! Cloud! Cloud! Cloud!” Even sitting here on the plane, what do I find first when I open my latest issue of Wall Street & Technology? A story about clouds, of course. However, while the drumbeat of cloud stories is verging on the deafening, I must make an exception here.
Recently, I had the good fortune to moderate a panel discussion at the Bloomberg Enterprise IT Forum on “cloud-based transformation in financial markets.” (The type of thing that is an awesome perk of my job at TABB Group.) With the help of five wicked smaat executives from the likes of Cisco, Google, HP, IBM and Equinix, I was reminded of just how important cloud-based solutions are in the evolution of technology in global financial markets.