Developing industry-specific products and services tailored to customers in 10 areas consumer packaged goods, financial services, gaming, health care and life sciences, manufacturing, media and entertainment, public sector, supply chain and logistics, retail and telecommunications has been a big part of Google Clouds enterprise push under Kurian. The cloud unit now accounts for more than 25% of Alphabet's full-time workforce, CNBC reported earlier this year. Our public-sector business continues to grow, serving both federal as well as state and local and educational institutions around the world. People who are unbanked often rely on more expensive alternative financial products (AFPs) such as payday loans, money orders, and other expensive credit facilities that typically charge higher fees and interest rates, making it more likely that people have to dip into their savings to stay afloat. Thomas Kurian is ready to make his move. The Office of the CTO also plays a larger role today in emerging themes, ensuring Google Clouds road map and investments are well-tuned over time so the cloud provider can meet customers where they want to be in the future. . He continued to shore up and build on the technical footprint that was already there. Thomas Kurian is an Indian-American business executive and Chief Executive Officer of Google Cloud since 2019. As of today, we will not publish any more stories. Thomas Kurian gives top marks to Google Cloud's stewardship of its growing channel partner program during his nearly three-year tenure as CEO of the No. 1. Commit to being partner-friendly with a goal to be 100 percent attach. Established in 2007. But this spring when the company was in the market for a machine learning operations platform to manage its expanding model roster, it wasnt easy to find a suitable off-the-shelf system that could handle such a large number of models in deployment while also meeting other criteria. Despite years spent trying to compete with Amazon and Microsoft in selling cloud-based storage, computing and other services to big corporations, it was coming up short in its effort to win marquee deals. They require vast amounts of compute, but nobody will be able to do that compute unless we keep dramatically improving the price performance. Mobile gaming's surprising slump is dragging down the game market, Amazon will lay off workers ahead of holiday season, Google settles with state AGs over location-tracking disclosures. By expanding credit availability to historically underserved communities, AI enables them to gain credit and build wealth. Top 3 Results for Keisha House. Sharing financial data across providers can enable a customer (individual or business) to have real-time access to multiple bank accounts across multiple institutions all in one platform, saving time and helping consumers get a more accurate picture of their own finances before taking on debt, providing a more reliable indication than most lending guidelines currently do. Thomas Kurian was born to P.C. As companies expand their use of AI beyond running just a few machine learning models, ML practitioners say that they have yet to find what they need from prepackaged MLops systems. As we have ramped [up] our business, increasingly the sales organization that's working with the customer to identify new opportunities in the account, and the customer success team that ensures the projects are going well and the team that works with partners like Accenture, Deloitte, etc. Count KeyBank among the Google Cloud customers that are convinced. Veronica Irwin (@vronirwin) is a San Francisco-based reporter at Protocol covering fintech. Strangelove." Google. Its a big company now, but they have retained the agility and the speed which you would see from a young firm. Previously she was at the San Francisco Examiner, covering tech from a hyper-local angle. Cloud computing today is about transforming almost every aspect of an enterprise organization and how it operates, Grannis said. Thats been a lot of the focus these last three and a half years. They all need to work in one coherent fashion, right at the point of client engagement.. Some MLops platforms are not well-suited for maintaining even more than 10 machine learning models when it comes to keeping track of data, navigating their user interfaces, or reporting capabilities, Matthew Nokleby, machine learning manager for Lily AIs product intelligence team, told Protocol earlier this year. His knowledge isnt the product of spending time on crypto Twitter. Judges are just getting around to answering the question of, do these regulations apply and how do they apply? And different judges make different decisions. Artificial intelligence market could eventually be worth trillions, analyst says, Google Cloud has earnings power and is the key to unlock stock value, says Osterweis's Larry Cordisco. Fast forward to 2022, and Grider cited a drastic change for the better after Thomas Kurians three and a half years as CEO of Google Cloud, which today remains the companys preferred cloud provider as it continues migrating workloads from its legacy debt accumulated over decades to Google Cloud Platform (GCP). Companies can also create carefully refined marketing profiles and therefore, finely tune their services to the specific need. Donna Goodison (@dgoodison) is Protocol's senior reporter focusing on enterprise infrastructure technology, from the 'Big 3' cloud computing providers to data centers. They are an inspirational group of people who have gone above and beyond, week after week. "It's one thing to provide the capability of the cloud, a set of interesting technical capabilities. Thomas Kurian, chief executive officer of cloud services at Google LLC, speaks during the Google Cloud Next '19 event in San Francisco, California, U.S., on Tuesday, April 9, 2019. "I think we were very early in the business. He resigned in September 2018 after frequent clashes with . Almost every quarter, from the beginning of 2017 through the third period of 2020, finance chief Ruth Porat told analysts that cloud had been the biggest area of head count increases, for both sales and technical roles. The cloud division includes the Google Cloud Platform, which competes with Amazon Web Services and Microsoft Azure, and the Google Workspace productivity software bundle that goes head-to-head with Microsoft Office. Thomas Kurian was the Executive Vice President of Oracle Product Development. We are ambassadors for the judiciary to the people in our courtroom it's a very frightening proposition being in court if you've been federally charged, and people have perceptions of what they think can happen there in terms of fairness or unfairness. We hope you have enjoyed our work. For example, in the management capabilities, thats the first thing that customers ask for: We want to be able to see and have visibility into and, in some cases, manage resources on AWS, on my own premises and, in some cases, on other clouds. So we've built capabilities, many of our management services, to see and, in some cases, control what's going on across those environments. Given the number of very large customers from stock exchanges to large telecommunications companies, to big banks, to hospital systems, manufacturing companies that are running large systems and using our cloud to run the core parts of their business, I would say yes, the answer is yes, Kurian said. I think they're very excited about the success of the business that they've had Think about this: Google Cloud is starting to rival even the size of YouTube. Early life [ edit] Thomas Kurian was born to P.C. Both were accepted to the university IIT Madras. A few examples include: While artificial intelligence (AI) systems have been a tool, used by sophisticated investors to maximize their returns, newer and more advanced AI systems will be the key innovation to democratize access to financial systems in the, espite privacy, ethics, and bias issues that. One of our focuses now is to make sure that we're really helping customers to connect and integrate between our different services. That's what good lawyers will always do. Under Kurians leadership, Google Cloud has blossomed from a renowned data analytics cloud specialist into a premier enterprise cloud platform that operates with the same speed and agility as a startup, said Nidhi Srivastava, vice president and global head of the Google Cloud business for $25.7 billion India-based solution provider Tata Consultancy Services (TCS). The rate of growth is only accelerating. By putting good governance in place about who has access to what data and where you want to be careful within those guardrails that you set up, you can then set people free to be creative and to explore all the data that's available to them. What Thomas Kurian has done for Google Cloud cannot be overstated. We champion the power of technology-centered financial services and advocate for the modernization of financial regulation to support inclusion and responsible innovation. The conversation that I most end up having with CEOs is about organizational transformation. They're so deep at this point in the investment, I don't see them coming out of this one, he said. Another huge benefit of the cloud is the flexibility that it provides the elasticity, the ability to dramatically raise or dramatically shrink the amount of resources that are consumed. We're public servants! We actually build models that are personalized to each [customer], said Diane Chang, director of data science at Intuit. When people can easily switch to another company and bring their financial history with them, that presents real competition to legacy services and forces everyone to improve, with positive results for consumers. Those are cultural characteristics, not technology characteristics, and those have organizational implications about how they organize and what teams they need to have. Depending on how it is defined, projections for the global MLops platform market vary from $3 billion by 2027 to $4 billion by 2025 to $6 billion by 2028. For example, the one thing which many companies do in challenging economic times is to cut capital expense. Whether its making it easy for businesses to accept payments from around the world, helping anyone, anywhere incorporate correctly in a matter of hours, or tailoring loans to businesses needs, Stripe services are making it possible for businesses of all sizes to use the tools that formerly were reserved for big companies in big cities. When Enslin left Google Cloud in May to become co-CEO of UiPath, Google Cloud decided to streamline its sales and customer success organizations to consolidate points of contact for customers. His father was self-educated and became a successful executive in the manufacturing . When you look at that, each of those individual models that we built, then were over millions.. Google Cloud currently has a multibillion-dollar backlog, meaning there is a significant amount of money on the table for partners to capture. AWS has more than 200 services now. So thats where we, as a partner, see that entire opportunity of moving our products and [intellectual property] to the marketplace and allowing our end customers to be able to use some of their Google [spending] commitment for procuring services using a SaaS model., Srivastava predicts that about 10 percent to 20 percent of TCS total Google Cloud sales will come via the Google Cloud Marketplace in the near term, but we see it going much higher over time.. Despite privacy, ethics, and bias issues that remain to be resolved with AI systems, the good news is that as larger datasets become progressively easier to interconnect, AI and related natural language processing (NLP) technology innovations are increasingly able to equalize access. You don't go from $5 billion [in annual revenue] to $20 [billion] in three years and not get to claim that, Galizia said. He also took on Google Clouds previously freewheeling internal culture. We had to build many functions that did not really exist before, Kurian said, whether that's a commercial legal team to negotiate contracts customer service, etc. all need to come together. What we're really trying to do is to look at that end-to-end journey of data and to build really compelling, powerful capabilities and services at each stop in that data journey and thenknit all that together with strong concepts like governance. In early 2019, Google Cloud committed to having a partner involved in every one of its deals. Zest AI has successfully built a compliant, consistent, and equitable AI-automated underwriting technology that lenders can utilize to help make their credit decisions. Google is trying to make it so a customer doesnt have to have the best security experts on the planet to create the most secure infrastructure and strategy. We are seeing really unprecedented demand from customers, and our partners are critical to meeting this demand.. One of the biggest of those is Amazon Connect, which is our contact center solution. By jdubble07 @ 2012-01-25 12:44:03. After Princeton, Kurian started his career with McKinsey & Company as a consultant serving clients in the software, telecommunications, and financial services industries for 6 years in London and Brussels. The Financial Technology Association represents the innovators shaping the future of finance, whether its streamlining online payments, expanding access to affordable credit, giving small businesses and creators the tools for success, or empowering everyday investors to build wealth. Open Banking can also widen the net of prospective lenders by providing an immediate and accurate understanding of a customers financial history, allowing more lenders to better understand the specific risk profile and hence drive a more competitive loan product for the end customer. As companies expand their use of AI beyond running just a few ML models, and as larger enterprises go from deploying hundreds of models to thousands and even millions of models, many machine learning practitioners Protocol interviewed for this story say that they have yet to find what they need from prepackaged MLops systems. Now that more of the under/unbanked population has access to web-enabled smartphones, there are many advances in fintech that can help them access banking services. Google Cloud CEO Thomas Kurian was hired to make the unit a promising revenue source for Alphabet. Onsite parking . AWS is gearing up for re:Invent, its annual cloud computing conference where announcements this year are expected to focus on its end-to-end data strategy and delivering new industry-specific services. Customer success is a practice that's been widely adopted in the enterprise software world as a way to keep clients happy and wanting to buy more, emphasizing retention and limiting churn. Grannis recalled a day in late 2018, after Kurian had been picked for the role but before he'd actually started the job. Mandiant brought us that.. Its either that crypto is fake, it's not real, or it's so technical that you can't understand it. And my takeaway, as Ive discussed and as hopefully comes out in my opinions, is just that crypto is understandable. Kurian has been pretty focused on repeatability: how Google Cloud can drive systemic change through an entire company or industry rather than one-off, bespoke, uniform-like programs, Galizia said. Delivery & Pickup Options - 166 reviews of Teriyaki House Huayuan Restaurant "This is the ONLY Taiwanese restaurant in town, owned by a native Taiwanese couple, they are both nice and friendly. Since Kurian came on board, the biggest change for Google Clouds Office of the CTO has been making sure that we were involved not just with enterprises directly, but also fostering connectivity, architecture and approaches that were inclusive of the ecosystems and partners that those organizations already maintained, Chief Technology Officer Will Grannis said. If you continue browsing. How is technological innovation breaking down barriers and increasing access to financial services? In general, when we look across our worldwide customer base, we see time after time that the most innovation and the most efficient cost structure happens when customers choose one provider, when they're running predominantly on AWS. Your best-known crypto decisions strongly assert that crypto is traceable. During those years, it saw firsthand the growing pains of being an early Google Cloud adopter. Crypto, some argue, evolves even faster. It will be the second re:Invent with CEO Adam Selipsky as leader of the industrys largest cloud provider after his return last year to AWS from data visualization company Tableau Software. Nearly half of fintech users say their finances are better due to fintech and save more than $50 a month on interest and fees. And existing clients have gone deeper with Google. Of the companies that incorporated using Stripe, 92% are outside of Silicon Valley; 28% of founders identify as a minority; 43% are first-time entrepreneurs. A lot of Google technology is in modules, and you have to kind of assemble the modules together to get the business value out of it, he said. You would probably notice they have never been brought down, and youre able to access them all the time, Kurian pointed out. All of our newsletters, apart from our flagship, Source Code, will no longer be sent. Bennett Richardson ( A Division of NBCUniversal. Google Cloud CEO Thomas Kurian says the company is selling enterprise companies on the fact that it can target individual industries better than anyone else. Javier Soltero, who was the head of Workspace, left in July. I mean, youre quoting "SNL," youre quoting "The Big Lebowski," youre quoting "Dr. Kurian stopped by a Google office in Sunnyvale, California, and was introduced to employees. mandiant.com Global Perspectives on Threat Intelligence Report | Mandiant [20] Kurian and Larry Ellison reportedly had a falling out over the direction of its cloud business. There are a lot of things weve done with our sales organization to make sure that partners are seen as really complementary to us, he said. And he said that while some MLops systems can manage a larger number of models, they might not have desired features such as robust data visualization capabilities or the ability to work on premises rather than in cloud environments. It's actually a complex problem. Right now, Unity is using a custom-built system to manage the thousands of ML models it has in deployment, Lange said. Wedbush Securities estimates that only approximately 44% of all enterprise workloads have moved to the cloud. Google Cloud CEO Thomas Kurian, right, arrives on stage as Alphabet CEO Sundar Pichai exits during the Google Cloud Next event in San Francisco on April 9, 2019. He's a longtime, tenured Amazonian with many, many different roles important roles in the company over a many-year period. It's pretty amazing in a very short period of time.. The important thing for our customers is the value we provide them compared to what they're used to. While artificial intelligence (AI) systems have been a tool historically used by sophisticated investors to maximize their returns, newer and more advanced AI systems will be the key innovation to democratize access to financial systems in the future. He was responsible for development and delivery of Oracle's software product portfolio including Oracle Database, Oracle Fusion Middleware, and ERP, CRM, and supply chain management applications. Birds Eye. But enterprise clients want an easy button to buy a solution, and so I think there's still room to work on that.. Global Business and Financial News, Stock Quotes, and Market Data and Analysis. We made it very easy for partners to collaborate with the Google sales force so that they can serve clients together. And in order for the public to have faith and trust us, they need to understand what it is that we're doing and what we're saying. We saw it during the pandemic in early 2020, and we're seeing it again now, which is, the benefits of the cloud only magnify in times of uncertainty. For the first time, Google Cloud is opening the marketplace for partners to resell ISVs products with the goal of creating the most open cloud marketplace in the world. Benjamin Pimentel Oct 31, 2019, 3:00 AM Google Cloud CEO Thomas Kurian Google Cloud has joined forces with India-based IT services powerhouse HCL, which CEO Thomas Kurian says will make it. The internet economy is just beginning to make a real difference for businesses of all sizes in all kinds of places. Since ex-Oracle exec Thomas Kurian took over the business in 2019, the company has concentrated on winning enterprise clients. Like many tech executives, Alphabet CEO Sundar Pichai and Chief Financial Officer Ruth Porat have said its early innings for the cloud, and the company remains committed to a longer-term path to profitability, with increased scale expected to erode the losses over time. For one thing, smaller companies are competing for talent against big tech firms that offer higher salaries and better resources. At its core, it is about putting consumers in control of their own data and allowing them to use it to get a better deal. The acquisition will bring Google Cloud real-time, in-depth threat intelligence technology and expertise that Mandiant has built from working with the largest organizations in the world on the frontlines of cybersecurity. In the past three years, Google has signed deals with Coinbase, Deutsche Bank, Ford, General Mills and SpaceX. Its when I was a prosecutor that I really learned about it. Google Cloud also strengthened its analytics and data warehouse capabilities with its $2.6 billion acquisition of Looker, a multicloud business intelligence software and big data analytics company, in early 2020. There's no one-size-fits-all solution to what customers want. Google Clouds annual revenue which includes GCP and Google Workspace, its cloud-based productivity and collaboration tools has jumped approximately 230% under Kurian to $19.2 billion in 2021, with GCP outpacing Google Clouds overall growth. Bloomfield Hills, Michigan (MI), US. By providing access to banking services such as fee-free savings and checking accounts, remittances, credit services, and mobile payments, fintech companies can help the under/unbanked population to achieve greater financial stability and wellbeing. At the time, AWS was attempting to add some open source MongoDB database software capabilities into its DocumentDB service. It also issued new pricing tiers, resulting in organizations of different sizes starting to pay different prices. He brought a rigor around enterprise and industry-based selling. Google Cloud and SADA won the large deal together to pro-vide Tassat with a hosted platform that allowed the company toscale and spin up new servers and enable geographic proximity so services could run in multiple regions, with SADA working on Tassats technology backlog and building out enhancements for Google Cloud implementations. I, personally, have just spent almost five years deeply immersed in the world of data and analytics and business intelligence, and hopefully I learned something during that time about those topics. It was an alliance with Elastic, MongoDB and five other companies that sell distributions of open source software. Google wants to not only capture that storage and computing business but also get developers from those companies and others to use its cutting-edge technology, particularly as artificial intelligence systems gain traction. RPM has been in business since 1970 providing music . The ability to dramatically grow or dramatically shrink your IT spend essentially is a unique feature of the cloud. The lawyer's fundamental job is to take super complex and technical things and boil them down to very easily digestible arguments for a judge, for a jury, or whoever it might be. Google plans to spend $9.5 billion on datacenters and U.S. offices this year, preparing itself for significant cloud growth ahead. Thomas has made a huge, huge impact. Feb 13 The business impact of cybersecurity threats has every company rethinking its security posture. ", "New World Pioneers. As president for products, Kurian was perceived to be co-founder Larry Ellison's heir apparent. Thomas Kurian is making his market-share takeover move as Google Cloud looks to 'industrialize' the cybersecurity industry, create the world's most open cloud marketplace and completely. Only in the vicinity of 10% of IT has moved to the cloud. Insiders say the culture is more like Oracle's or SAP's and distinct from the rest of. Given the economic challenges that customers are facing, how is AWS ensuring that enterprises are getting better returns on their cloud investments? Were you surprised by anything? Specialize the partner ecosystem sot they have deep skills in different areas and introduce the partners with our sales organization to customers by eliminating friction of any kind between the partners and customers, said Kurian. So much of what judges do is that we rely on the parties that are before us to tell us what's right and what's wrong. [19], On September 6, 2018, Kurian announced he was taking extended time off from the company. As Kurian himself put it, If you look at our position relative to where we were just three and a half years ago when I took over the business, its night and day. Bitcoins immutable ledger was used to find the perpetrators. As AWS preps for its annual re:Invent conference, Adam Selipsky talks product strategy, support for hybrid environments, and the value of the cloud in uncertain economic times. 7 Richest Indian CEOs in the world - 1.
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