Jim Cramer's 'Mad Money' Recap: The Cloud Is the Future
NEW YORK (TheStreet) -- The future of the American economy isn't coming from Washington, D.C., it's coming from the cloud, Jim Cramer said on "Mad Money" Tuesday.
That was Cramer's takeaway from his time at the annual DreamForce conference in San Francisco yesterday. He said today that while the markets are seemingly held hostage by Obamacare, Federal Reserve tapering and the next government shutdown, companies at the other end of the country are embracing the cloud and are turning problems into solutions.
Cramer said he has no idea just how many companies were building on the Salesforce.com
That bodes well for not only Salesforce, said Cramer, but also for dozens of other companies embracing the cloud including Workday
Cloud companies do well not only in good times but also when the economy is shrinking because they help companies save money and streamline operations when they need it most. No wonder this sector continues to buck the trend and defy Washington -- they truly are the future of the American economy, said Cramer.
Executive Decision: Aneel Bhusri
In the "Executive Decision" segment, Cramer sat down with Aneel Bhusri, chairman, co-founder and co-CEO of Workday
Bhusri said that Workday is the culmination of cloud, mobile and big data all coming together. His company is moving full steam ahead to grab as much of the $40 billion market as it can. He noted that history has proven technology shifts every 10 years or so, and those with the head start reap most of the rewards. That's why Workday loses more deals to companies choosing to do nothing than companies choosing a competitor.
Bhusri also noted that in today's new economy the most innovative ideas stem from small teams of 20 to 30 engineers and a blank sheet of paper, not from legacy companies with teams in the hundreds or thousands. That's why many of the cloud companies work together instead of competing with each other. Everyone is innovating, everyone is providing value in their own little niche, Bhusri said, and it's always the small guys taking on the big establishment and not each other.