Goldman Sachs CIO on How the Bank Is Actually Using AI
Odd Lots
The Open Source Hedge: Don’t build anything, unless you have to
Emphasizing the importance of prudent resource allocation, one should prioritize building software only when absolutely necessary. Relying on the assumption that one's ability to create software surpasses existing solutions can lead to inefficiencies. Instead, focus on differentiating factors that add true value. Open source software presents a strategic advantage by minimizing vendor lock-in, thanks to its vast availability and community support. To effectively leverage open source, it's critical to conduct rigorous reviews encompassing tech risk and security, treating these tools as if they were custom-built. Prioritizing well-supported, popular open source options enhances reliability and community backing. Ultimately, building a robust understanding and knowledge base around open source is essential, as the responsibility of supporting these solutions often lies with the organization.
Remember Everything You Learn from Podcasts
