“I work in enterprise IT”. Is this something you mutter under your breath? Is this something that makes people gaze at their shoes or even worse walk away from you at parties?
Well, let me introduce myself. I am John Hammond, the new Chief Commercial Officer at Currency Cloud. I’m proud to say that I’ve built a career in enterprise IT and that the stereotype is changing.
I’ve spent the better part of twenty years working at business-to-business computing firms and I truly believe that there has never been a more exciting time to be in the IT sector. It’s no longer bits and bytes and , blue screens of death and dial up modems, you know. Now we have CLOUD and that’s something to be excited about.
OK, so enterprise IT will never be the cool and sexy ice breaker, in spite of what the tech evangelists in the trade mags tell you. However, the rise of cloud computing is redefining how the world conducts business and it plays an essential role in all of our lives and with today’s FinTech success
The great Michael E. Porter claims that the threat of new entrants is one of the five forces that shapes industry competition. Cloud dramatically increases the opportunities for new entrants and innovation in countless sectors by removing a major barrier for many start-ups - investment in IT infrastructure.
Cloud is liberating businesses from the old way of doing things, as it can give your company the access to all the technologies it wants as well as the ability to meet regulatory requirements quickly. Sporting flexibility and collaboration with trusted partners, starts ups are now able to get up and running and sign clients in a matter of weeks and months instead of years. How is that for the Threat of Substitutes (more Porter!)
Suddenly tiny firms can make huge dents in global markets because they don’t need big upfront capital expenditure on technology, racks of servers or expensive, lengthy contracts with vendors. What an extraordinary time to be working in IT as part of this sea change. What an amazing time to be alive, change is everywhere and we can all participate.
At Currency Cloud, we take the ‘cloud’ in our name very seriously. We know that to be an authentic cloud company, you can’t just sell cloud services. You have to have cloud in your DNA.
So we don’t own servers. We don’t have databases. We don’t run on premise email. There isn’t much in our company that you can touch apart from the Macs and the people.
I see what we are doing at Currency Cloud to be synonymous with international business payments. I want us to be the Dyson of the sector. (Not Hoover, Dyson are serious innovators and reflect the idea that even established markets benefit from genuine change.) To achieve this, we are building a machine that can find the best route to market for our customers and ensure that Currency Cloud is an important part of the world’s inexorable move towards digital money.