The cloud and understanding how to benefit from it can be confusing.
How does this really work?
At a high level the the cloud service API provides two things.
Think about these things:
- What programming language is your Intellectual Property (application layer code) written in? This is important when choosing a Cloud service. Make sure the service supports your code.
- Can your proprietary data be moved to the cloud? It is important to make sure your data warehouse can scale with your cloud applications and be accessible by your cloud applications. The importance of this will be obvious in the upcoming articles three dimensional data stores (virtual data arrays).
- What is a simple but high value component of your application that would provide you with Trading Nuggets if you could run massive back-tests against it. If you don't already have any, we bet that it wouldn't take you long to conjure something up considering that with The Cloud you now have unlimited processing power at your fingertips. This may be were you want to start wrapping your IP into a cloud service API. Once you have completed this first pass it will give you the knowledge and momentum to Start simple and build your library of Algo and Quant Cloud Srvices.
This is just the beginning and things do get more complex but the first step is just changing the way you think about your applications and intellectual property. In future posts we will de-construct an application and show the next level of detail in the cloud revolution.