Category Archives: Goldman Sachs
Goldman Sachs Group Inc. has begun to accelerate its purchase of cheaper servers running open source software. It’s the outgrowth of an open source project begun by Facebook Inc. in 2011 to re-engineer the hardware in its own data centers to be more efficient. Many companies including Goldman Sachs have since contributed to the project.
AMAX Helps Financial Services Market Converting Data Centers to OCP Wall Street Rethinking Data Center Hardware
AMAX Centurion is based on the Decathlete spec, but with the option of being configured with NVMe flash storage, high speed networking and high performance CPUs for a risk analysis, financial forecasting and modeling platform, as well as serving as an OpenStack and Hadoop platform. At 2015 OCP Summit, Bank of America along with Capital One and JPMorgan Chase announced their intentions of adopting OCP into their own data centers.
Computerworld – LAS VEGAS — A surprising thing about Goldman Sachs, one of the globe’s most influential investment banks, may be the sheer size of its technology organization. It makes up a major part of its workforce. Another big surprise from the firm, a major player in one of the most risk adverse industries, may be its philosophy that embraces commodity approaches, open systems and platforms, and ultimately perhaps, the public cloud. Goldman Sachs has 36,000 employees. About 10,000 of those — more than 25% of the workforce — work, effectively, in technology.
Some people will tell you that Google and Facebook and Amazon are beside the point. They acknowledge that Google designs its own computer servers and other hardware for the massive data centers powering its web empire. They admit that Facebook does much the same thing, contracting with manufacturers in Asia to build its custom hardware. And they realize that most of the big web players — from Google, Facebook, and Amazon to Twitter and Yahoo — build all sorts of custom software platforms for juggling unprecedented amounts of online data. But they say the big web players aren’t like other companies, that this custom engineering work doesn’t mean that much for the rest of the world.
There are two trends happening in the IT hardware market, each gaining momentum but offering very different ways of outfitting data centers. On the one hand, companies with enormous data centers such as Facebook, Rackspace, Google and Goldman Sachs are creating their own compute, storage and network devices using cheap, commodity components. The pieces are built to a standard – organized by the Open Compute Project (OCP) – to ensure they interoperate, and they are then are assembled to create hardware that is finely tuned to the specific needs of an organization.
The second Open Compute Project Summit was a resounding success, but that just means we as a community have a lot of work ahead of us to advance the goals and benefits of open hardware. Through a series of presentations by industry luminaries and technical workshops, hundreds of participants came together and discussed the Open Compute Project initiatives. The Open Compute Project Foundation and its board were announced. Modeled after the Apache Software Foundation, the OCP Foundation will design and deliver tangible goods and source files to let people deploy OCP hardware in their environments.