Mainframes and Back Again: Lessons from 25 Years in Technology

Goldman Sachs Exchanges

Julia McGonagle

Business

4.4 • 1K Ratings

🗓️ 5 June 2015

⏱️ 26 minutes

🔗️ Recording | iTunes | RSS

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Summary

R. Martin Chavez, chief information officer of Goldman Sachs, discusses some of the game-changing trends in technology today -- including the shift to cloud, open source for enterprise, and big data -- and how financial institutions are embracing these innovations to provide a better experience for clients. This episode was recorded on April 1, 2015. This podcast should not be copied, distributed, published or reproduced, in whole or in part. The information contained in this podcast is not financial research nor a product of Goldman Sachs Global Investment Research. Neither Goldman Sachs nor any of its affiliates makes any representation or warranty, as to the accuracy or completeness of the statements or any information contained in this podcast and any liability therefore (including in respect of direct, indirect or consequential loss or damage) is expressly disclaimed. The views expressed in this podcast are not necessarily those of Goldman Sachs, and Goldman Sachs is not providing any financial, economic, legal, accounting or tax advice or recommendations in this podcast. In addition, the receipt of this podcast by any listener is not to be taken as constituting the giving of investment advice by Goldman Sachs to that listener, nor to constitute such person a client of any Goldman Sachs entity. Copyright 2015 Goldman Sachs. All rights reserved.

Transcript

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0:00.0	This is exchanges at Goldman Sachs where people from our firm, share their insights on developments,
0:13.8	currently shaping markets, industries, and the global economy.
0:16.7	I'm Jake Seawert, global head of corporate communications here at the firm.
0:20.4	It will surprise none of our listeners to hear that technology is changing the way the world does business.
0:25.0	But what might be striking or interesting is the way financial firms are deploying the latest innovations to better serve clients around the world.
0:33.0	Marty Chavez, the firm's chief information officer,
0:36.0	is here to discuss some of the most dynamic trends in technology today
0:40.0	and how they're being deployed or leveraged by Goldman Sachs.
0:43.0	Marty, welcome to the program.
0:44.0	Happy to be here.
0:45.0	Let's talk about some of the disruptive is the word of the year, I guess.
0:49.0	Disruptive trends in technology that we're seeing.
0:52.0	One of those is cloud computing.
0:54.0	You've talked a lot about it,
0:55.0	you've described it as part of a cycle of paradigm shifts
0:58.0	that we've seen in the technology space every 20 years or so.
1:02.0	Tell us about the history of those paradigm shifts and how
1:05.7	Cloud fits into the story.
1:07.8	So if we roll back to when I first walked into the University of New Mexico Computing Center in
1:17.6	1976.
1:20.6	Huge room raised for IBM 360 model 67 mainframe lots of air conditioning punched card machines.
1:31.0	I really did catch the tail end of punch card machines maybe just by a few months by
	...

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