Goldman Sachs – Digital Transformation Strategies

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Goldman Sachs – Digital Transformation Strategies Overview

Goldman Sachs has been leveraging the capabilities of artificial intelligence (AI) and machine learning (ML) to accelerate its business operations and mitigate risks. The annual ICT spending of Goldman Sachs was estimated at $1.7 billion in 2022. A major share of this spending is earmarked for acquiring ICT services, software, and hardware from vendors. Goldman Sachs is a multinational financial institution that offers a variety of investment banking, consumer banking, securities, and investment management services to individuals, governments, financial institutions, and corporations across the world. Goldman Sachs operates through four business segments: Global Markets, Asset Management, Investment Banking, and Consumer & Wealth Management. Global Markets generates revenues from financing and intermediation activities. Investment Banking offers corporate lending, underwriting, and financial advisory activities. Asset Management generates revenues from lending and debt investments, equity investments, incentive fees, and management and other fees.

The Goldman Sachs Digital Transformation Strategies report will act as a reference point to understand a company/competitor’s digital strategy. It will also help in understanding the digital preparedness of the company against its peers. Information included in these reports are sourced from a mix of our very own internal database and authentic secondary research links such as company’s annual report, presentations, press releases etc. The report covers overview of the company, its digital transformation strategies, technology focus areas, technology initiatives, technology introductions, investments, acquisitions, ICT spending among others.

Digital Transformation Strategies

Goldman Sachs is leveraging the capabilities of artificial intelligence (AI) and machine learning (ML) to accelerate its business operations and mitigate risks. The bank has a comprehensive cybersecurity strategy to protects its systems and data – and its customers’ data – from cyberattacks. The bank has implemented a formal cybersecurity program that complies with the National Institute of Standards and Technology Cybersecurity Framework and the Financial Services Sector Cybersecurity Profile.

To gain more insights on digital transformation strategies and initiatives of Goldman Sachs, download a free report sample

Goldman Sachs Technology Theme Focus

Goldman Sachs is utilizing a number of emerging technologies including AI, ML, big data, cloud, cybersecurity, blockchain, and robo-advice to improve operational efficiency, reduce costs and improve the services offered to its customers.

Goldman Sachs Technology Focus 

Goldman Sachs Technology Focus

To know about other technology themes under focus for the company, download a free report sample

Goldman Sachs Technology Initiatives

Goldman Sachs forged several strategic technology partnerships and collaborations, technology developments and roll outs, acquisitions, and technology investments over the past few years.

For instance, in 2022, Goldman Sachs and IIT Kharagpur partnered to develop AI, ML, and natural language processing techniques for a variety of use cases in the financial services industry. The partners plan to focus on developing deep learning techniques that can train systems to read and summarize financial documents and identify important narratives.

For more insights on other technology initiatives of Goldman Sachs, download a free report sample

Goldman Sachs ICT Spend by Function

  • Communications
  • Data center
  • Network
  • Application
  • End-user computing
  • Service desk
  • Management

Goldman Sachs ICT Spend by Function, 2022

Goldman Sachs ICT Spend by Function, 2022

For more insights on ICT spending by function, download a free report sample

Goldman Sachs ICT Spend by Channel

  • Internal development and maintenance
  • Technology vendors (direct)
  • Local resellers
  • Telcos
  • ICT services providers/Consulting firms
  • Specialist outsourcers
  • Systems integrators

 

Goldman Sachs ICT Spend by Channel, 2022

Goldman Sachs ICT Spend by Channel, 2022

For more insights on ICT spending by channel, download a free report sample

Goldman Sachs External ICT Spend by Segment

  • ICT services
  • Software (including Cloud SaaS)
  • Hardware (including Cloud Iaas)
  • Network and communications
  • Consulting
  • Others

Goldman Sachs External ICT Spend by Segment, 2022

Goldman Sachs External ICT Spend by Segment, 2022

For more insights on external ICT spending by segment, download a free report sample

Goldman Sachs Digital Transformation Strategies Overview

Total ICT Spending 2022 $1.7billion
ICT Spend by Function Communications, Data Center, Network, Application, End-User Computing, Service Desk, and Management
ICT Spend by Channel Internal Development and Maintenance, Technology Vendors (Direct), Local Resellers, Telcos, ICT Services Providers/Consulting Firms, Specialist Outsourcers, and Systems integrators
External ICT Spend by Segment ICT services, Software (including Cloud SaaS), Hardware (including Cloud Iaas), Network and communications, Consulting, and Others
Technology Theme Focus AI, ML, big data and cloud

Scope

This report provides:

  • Insight into Goldman Sachs’s technology activities.
  • Insights of its digital transformation strategies and technology center & innovation program.
  • Overview of technology initiatives covering partnerships, investments, and acquisitions.
  • Insights on each technology initiative including technology theme, objective, and benefits.
  • Details of estimated ICT budgets and major ICT contracts.

Reasons to Buy

  • Gain insights into Goldman Sachs’s technology operations.
  • Gain insights into its technology strategies and innovation initiatives.
  • Gain insights into its technology themes under focus.
  • Gain insights into its various partnerships, investments and acquisitions.

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Table of Contents

Overview

Brief information about the company, its business divisions and its financials

Digital Transformation Strategy

A summary of key digital strategies/implementation efforts of the company

Accelerators, Incubators, and Other Innovation Programs

Discusses the company’s key strategic units, innovation labs, incubation and accelerator programs dedicated to technology innovation

Technology Focus

Lists the technology themes pertinent to the industry the company operates in and highlights the themes adopted by the company

Technology Initiatives

Discussion about all the technology introductions partnerships the company has entered

Venture Arm: GS Growth

Brief information about the Company’s Ventures and its the key decision makers

Investment

Brief discussion about the investments made by the company to acquire new technologies

Acquisitions

Brief discussion about the acquisitions by the company

Partnership and Investment Network Map

A bird’s eye view of all the partnerships/investments/acquisitions that the company has made in the last 3-5 years

ICT Budget and Contracts

The company’s ICT budget segregated into hardware, software, and managed services

Key Executives

Lists key executives and Digital Transformation Executives of the company, typically the key decision makers/influencers

Contact Us

Frequently asked questions

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