In this ESG On Location Video, ESG's Dan Conde gives his impressions from the Open Compute Summit 2016.
Announcer: The following is an ESG On Location video.
Dan: Hello, and this is Dan Conde of ESG. Last week, I went to the Open Compute Summit, which is a conference organized by the Open Compute Project, originally started by Facebook, but now supported by a wide variety of IT vendors, including Hewlett-Packard, Dell, Microsoft, and so on.
The reason why I went to the conference is to find out whether or not these technologies, originally designed to be used by hyper-scale data centers like Facebook and Google, can by used by regular enterprises in the future. Companies like Hewlett-Packard believe that there's a trickle-down effect where technologies at the very large scale would eventually find its way to large financial institutions and eventually down to the regular enterprise.
I think it's important to realize that it's just not the technologies that matter, but the realization that operational processes and so on, used quite effectively by companies like Facebook and Google, can be adapted to be used by regular enterprises.
We see that there's a large number of financial institutions at the conference who also believe that they too can benefit from the same technologies. But they have a scale that's quite large compared to regular, smaller-size enterprises, so there is still a gap. But I don't want to dismiss this technology as something that's only useful for the very largest companies, and like many other technologies, will eventually find its way down to the regular-size enterprises. So it's worth keeping an eye on this technology.