When Bubbles Become Clouds

Bubble Trouble: Laying Out Inconvenient Truths About How Business and Financial Markets Really Work

[Repeat from November, 2023.]

For more on Bubble Trouble, including transcripts of the show, visit us online at http://bubbletroublepodcast.com

You can learn more about Richard at https://www.linkedin.com/in/richard-kramer-16306b2/

More on Will Page at: https://pivotaleconomics.com

(Times below correspond to the episode without considering any inserted advertisements.)

In this engaging episode of Bubble Trouble, hosts Richard Kramer and Will Page welcome Liam Maxwell, former Chief Technology Officer for the British government and current AWS Senior Advisor, to delve into the transformative potential of the cloud. Together, they break down how cloud-based technologies are revolutionizing different sectors, from governments to private enterprises. Exploring clear cases such as the Ukrainian war situation or the everyday banking experience in Singapore, they highlight the impressive efficiency, flexibility, and speed offered by the cloud. The discussion also touches on the major productivity gains the cloud provides, the importance of building services centered on user needs, and how the digital economy is captured by government indices.

00:00 Introduction

01:14 Part One

01:32 Interview with Liam Maxwell

01:54 Liam's Journey in Tech and Government

02:25 The Impact of Cloud on Government Services

06:40 The Transition from Traditional IT to Cloud

15:25 The Role of AI in Cloud Adoption

19:24 The Ukraine War and the Role of Cloud

20:35 The Process of Moving Ukraine's Data to the Cloud

27:56 Reflections on the Impact of Cloud Technology

29:33 The Power of Decision Making in Amazon

30:26 Reflections on the UK Government's Test and Trace App

30:58 Part Two

31:27 The Impact of Cloud Technology on Productivity

32:01 The Economic Value of Cloud Technology

33:33 The Paradox of Technological Efficiency and Economic Growth

35:38 The Invisible Contributions of Transformative Technology

37:04 The Role of Cloud Technology in Government Services

39:00 The Challenges of Measuring the Impact of Tech Jobs

39:19 The Potential of Cloud Technology in Enhancing Public Services

51:57 The Impact of Tech Neologisms on Service Delivery

55:23 Closing Remarks and Reflections

56:25 Credits

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