Goldman Sachs has its head in the cloud

For more crisp and insightful business and economic news, subscribe to The Daily Upside newsletter. It's completely free and we guarantee you'll learn something new every day.

The financial institution is seeking to patent a system for "managed data services" on cloud platforms, helping them declutter in a way Kondo would appreciate. This filing details a number of ways that Goldman's system aims to sift through Wall Street's data stockpile, but the goal of it is to gather, clean and organize data in real-time, and provide actionable analysis with little to no work on the client's part. 

The focus of this patent is specifically "timeseries data," or data that is recorded consistently over time, "often at high rates of ingestion," for example, price fluctuations of a material or stock price data.

Continue reading


Source Fool.com