In 2021, Google said it was lowering the percentage of revenue it keeps in marketplace deals to 3% from 20%. Macroeconomic challenges like inflation and supply chain issues are making successful money and cash flow management even more challenging. We want to make that entire hybrid environment as easy and as powerful for customers as possible, so we've actually invested and continue to invest very heavily in these hybrid capabilities. Count KeyBank among the Google Cloud customers that are convinced. To support them, we had to put in place many systems: contracting, ordering, forecasting, customer service systems, revenue recognition all of the underpinnings that make these people productive.. There was a time years ago where there were not that many enterprise CEOs who were well-versed in the cloud. At the time, AWS was attempting to add some open source MongoDB database software capabilities into its DocumentDB service. Given the economic challenges that customers are facing, how is AWS ensuring that enterprises are getting better returns on their cloud investments? Every customer is free to make that choice. Its a scorching pace at which Google Cloud has been growing in the marketplace, and were now seeing a lot of wins where Google Cloud is the primary cloud, or is the cloud, in the enterprise, said Srivastava. A full partnership requires a full set of capabilities.. Prior to POLITICO, Bennett was co-founder and CMO of Hinge, the mobile dating company recently acquired by Match Group. 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. It's not just about deploying technology. Its a quote from a Washington, D.C., district court memorandum opinion on the role cryptocurrency analytics tools can play in government investigations. He brought a rigor around enterprise and industry-based selling. His top-to-bottom overhaul included a ramp-up of Googles salesforce and focused on core infrastructure, data analytics, cybersecurity and industry-tailored products and services. There have been analyst reports done showing thatfor typical enterprise workloads that move over, customers save an average of 30% running those workloads in AWS compared to running them by themselves. Most businesses still face daunting challenges with very basic matters. Last week, Alphabet restated operating income for cloud and its other segments, resulting in lower cloud losses in 2021 and 2022. Thomas Kurian is the CEO of Google Cloud. It's building more data centers, expanding its products, and investing in its sales team . And those benefits have been dramatic for years, as evidenced by the customers' adoption of AWS and the fact that we're still growing at the rate we are given the size business that we are. Google was a consumer company. However, creating consistency through the ML lifecycle from model training to deployment to monitoring becomes increasingly difficult as companies cobble together open-source or vendor-built machine learning components, said John Thomas, vice president and distinguished engineer at IBM. The list of new value-add solutions continues to grow. Oct 22, 2015. But it has also been hugely fulfilling for those involved. Google Cloud also has a sizable revenue backlog: In April, Alphabet reported $50.5 billion in future customer contract commitments primarily related to the cloud business. We champion the power of technology-centered financial services and advocate for the modernization of financial regulation to support inclusion and responsible innovation. What we see a lot of is folks just being really focused on optimizing their resources, making sure that they're shutting down resources which they're not consuming. 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. One hundred percent electronic.. We work directly with them. While Google's cloud unit has swung to posting a profit, there's some fuzziness in the numbers. Were you surprised by anything? Inside of each of our services you can pick any example we're just adding new capabilities all the time. Can you talk about the intersection of data and machine learning and how you see that playing out in the next couple of years? 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. What I believe is most important and what we have honed in on at Zest AI is the fact that you cant change anything for the better if equitable access to capital isn't available for everyone. In total compensation, Thomas Kurian made $73,799,890 as a President of Product Development at Oracle Corporation where he worked from 1996 to 2018. Javier Soltero, who was the head of Workspace, left in July. People have these views in two extremes. Google Cloud is shaking up the complex security landscape and addressing the fear every organization faces today. George Kurian lays out future vision of humankind built on social consciousness", "Oracle Fusion Middleware Wins Two InfoWorld Technology of the Year Awards", "Magic Quadrant for Application Infrastructure for Systematic Application Integration Projects", "Magic Quadrant for Application Infrastructure for Systematic SOA-Style Application Projects", "Magic Quadrant for Shared SOA Interoperability Infrastructure Projects", "Thomas Kurian: Executive Profile & Biography - Businessweek", "2007 JavaOne Conference -General Session Speakers", "Indian American Thomas Kurian is the new CEO of Google Cloud: Here's what you need to know about him", "For Oracle every revolution is an evolution", "Oracle's Software Development Reins in New Hands", "25 highest-paid men - Thomas Kurian (18)", "Oracle Execs, Apple's Tim Cook Among Highest-Paid in Tech", "Top Oracle Software Executive to Take Extended Leave", "Why Google Cloud's new CEO Thomas Kurian quit Oracle after 22 years", "Oracle says Kurian has resigned as president three weeks after he left to take time off", "Google Cloud CEO Diane Greene is out, to be replaced by former Oracle exec Thomas Kurian", "Thomas Kurian on his first year as Google Cloud CEO", https://en.wikipedia.org/w/index.php?title=Thomas_Kurian&oldid=1151451756, Short description is different from Wikidata, Creative Commons Attribution-ShareAlike License 3.0, This page was last edited on 24 April 2023, at 04:17. Our U.S. attorney at the time, Jessie Liu, had this idea of using financial investigations in a way that was not limited to just white collar crime, or even narcotics cases, but also for cyber investigations, to national security investigations, and in civil cases. At the beginning of the pandemic, Barclays sent all their agents home. And then, you know, obviously, they'll have different views, and we make a decision based on what people say in front of us. We've built a lot of industrial services like IoT services for industrial settings, for example, to monitor industrial equipment to understand when it needs preventive maintenance. It will depend on what capital projects we've spent on that quarter. AWS has more than 200 services now. In the evenings, he played with the products. As their father's career involved moving around India, the twins boarded at the Jesuit-run St Joseph's Boys High School in Bangalore. We are seeing really unprecedented demand from customers, and our partners are critical to meeting this demand.. It currently has 34 regions with 103 zones and 147 network edge locations, with availability in more than 200 countries and territories. Strangelove." Insiders say the culture is more like Oracle's or SAP's and distinct from the rest of. By expanding credit availability to historically underserved communities, AI enables them to gain credit and build wealth. But it's absolutely vital. This idea that people can't understand it that's wrong. We made it very easy for partners to collaborate with the Google sales force so that they can serve clients together. In April, it reported first-quarter revenue of $5.8 billion, which was just about $17 million shy of what Google Cloud generated for the entirety of 2018 and puts it on track for a $23.3 billion annualized revenue run rate this year. There's so much data in the world, and the amount of it continues to explode. Sometimes the distinctions in each model are minimal one company might label certain types of purchases as office supplies while another categorizes them with the name of their office retailer of choice, for instance. That youthful mindset is helping Google Cloud differentiate itself in the Cloud Wars through a . Hear from seven fintech leaders who are reshaping the future of finance, and join the inaugural Financial Technology Association Fintech Summit to learn more. The way you do it is you industrialize make it repeatable, make it easy to buy, make it easy to configure, and get the best possible advice while youre doing it so that every customer can benefit from Google-Cloud-plus-Mandiant security expertise to be able to deploy the most secure posture imaginable and leverage those benefits without necessarily having the best security folks in-house, said Safoian. Trying to build your own ML platform from scratch is a big undertaking.. As an example, the National Consumer Law Consumer recently put out a new report that looked at consumers providing access to their bank account data so their rent payments could inform their mortgage underwriting and help build credit. Do you ever see a cloud environment where customers could easily run say your machine learning services and Google's data offerings and Microsofts X offerings as one big tech stack easily? What we are trying to do is take cybersecurity and industrialize it so that people dont have to always live with this worry, Is tomorrow the day I get told that my systems have been breached? said Kurian. This can positively impact all types of business owners, but especially those underserved by traditional financial service models. 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. It's always been our north star. 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. Prior to Kurians arrival, Google Cloud had been trailing or was on par with now fifth-place IBM when it came to cloud market share. Today, we thank them deeply for all the work they have done. Despite these technological advances, 22% of American adults fall in the unbanked or underbanked category (source: ). You can review our privacy policy to find out more about the cookies we use. And Kirsten Kliphouse, who was the cloud group's president of Americas, left in 2023 after four years at the company. And when they do that, I think you're going to see the profitability engine kick in pretty directly., When I look at the innovation and the product pipeline and the overall demand we are seeing and how early our journey is, there's definitely a lot to look forward to, Pichai told analysts during the first-quarter earnings call in April. A new report from @Mandiant found that critical cybersecurity decisions are being made without insights into the adversary and their tactics. Companies hawking MLops platforms for building and managing machine learning models include tech giants like Amazon, Google, Microsoft, and IBM and lesser-known vendors such as Comet, Cloudera, DataRobot, and Domino Data Lab. The internet economy is just beginning to make a real difference for businesses of all sizes in all kinds of places. Birds Eye. 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. Im actually surprised that none of the big companies have jumped in this space because the opportunity is massive, Morini Bianzino said. Commit to being partner-friendly with a goal to be 100 percent attach. We provide incredible value for our customers, which is what they care about. Theres also the matter of Google Clouds operating loss, which stood at $4.3 billion when Kurian became CEO and ballooned to $5.6 billion two years later, primarily due to compensation expenses for newly hired engineers and product managers. 7 Richest Indian CEOs in the world - 1. Bennett began his career in digital and social brand marketing working with major brands across tech, energy, and health care at leading marketing and communications agencies including Edelman and GMMB. More and more customers want to procure ISV solutions via the marketplace. When DBS started our journey several years ago, the solutions available in the market primarily focused more on AI/ML activities as experiments and did not meet our requirements to iterate and operationalize quickly, Gupta told Protocol. The ability for customers to use their cloud commitment spend on channel partner and ISV solutions, such as offerings from MongoDB and Splunk to Palo Alto Networks and Databricks, comes during a massive shift in customer buying trends, Ichhpurani said. Google plans to spend $9.5 billion on datacenters and U.S. offices this year, preparing itself for significant cloud growth ahead. 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. "He's brought in the enterprise discipline," Siddiqui said of Kurian. We are almost never in a pursuit or engagement alone. In some cases, that's by choice; in other cases, it's due to acquisitions, like buying companies and inherited technology. Thats because he wants you yes, you to read them. By efficiently embedding and connecting financial services like banking, payments, and lending to help small businesses, we can reinvent how SMBs get paid and enable greater access to the vital funds they need at critical points in their journey. Kate Kaye is an award-winning multimedia reporter digging deep and telling print, digital and audio stories. "Three years in: Can Kurian heal sickly NetApp's woes? Im really excited to see Google play an even bigger role securing large parts of public sector and commercial entities from all the threats that are probably only going to get more sophisticated over time.. 2. We are always co-selling with Google, said SADAs Safoian. It turns out that while the technology is sophisticated, deploying the technology is arguably the lesser challenge compared with how do you mold and shape the organization to best take advantage of all the benefits that the cloud is providing. 1. Innovations in payments and financial technologies have helped transform daily life for millions of people. Using Chronicle and GCP, payments company NCR a point-of-sale digital banking customer can look over two years worth of security-related data in a matter of minutes, according to Grannis. Some examples of differentiated cloud security innovation driving customer wins include its zero-trust enterprise platform BeyondCorp, the companys large portfolio of data protection solutions, and Google Clouds open strategy of allowing customers to not only protect workloads that run in Google Cloud, but also in their own enterprisethanks to Kurian forming partnerships with cybersecurity heavyweights Palo Alto Networks and CrowdStrike, to name a few. Established in 2007. I mean, youre quoting "SNL," youre quoting "The Big Lebowski," youre quoting "Dr. That included sharpening its strategy by focusing on infrastructure, data analytics, cybersecurity, collaboration and communication, as well as industry-specific products and services; installing the people, systems and processes needed to execute the vision and support growth, including a tripling of its salesforce; and transforming its culture. Google is the company's main cloud-computing partner, he said, and last year Home Depot started moving merchandising applications to Google's cloud. One of Kurians most impactful moves was establishing the Google Cloud Customer Advisory Board in early 2020 for 50 of its top customer CIOs and CTOs to provide feedback across its business and technology strategy, said Grider, who now sits on the board, which Kurian chairs. DBS has incorporated open-source tools for coding and application security purposes such as Nexus, Jenkins, Bitbucket, and Confluence to ensure the smooth integration and delivery of ML models, Gupta said. Kurian's focus has included developing product road maps, introducing new pricing models, bolstering customer service and becoming more efficient with its infrastructure, a key to saving money. But of course, many of our larger customers want to make longer-term commitments, want to have a deeper relationship with us, want the economics that come with that commitment. 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. Many companies do not have software engineers on staff with the level of expertise necessary to architect systems that can handle large numbers of models or accommodate millions of split-second decision requests, said Abhishek Gupta, founder and principal researcher at Montreal AI Ethics Institute and senior responsible AI leader and expert at Boston Consulting Group. You need not just sales and technical engineers, but also professional services, customer support, Kurian said. So we're very committed to providing hybrid capabilities, including running on premises, including running in other clouds, and making the world as easy and as cost-efficient as possible for customers. It unified sales, technical account management, professional services and customer success personnel under two teams: Kirsten Kliphouse leads the Americas team, and Adaire Fox-Martin heads the team covering Google Clouds other international territories. Jamie Condliffe ( It uses Google technologies that understand user intent and context to improve the shopping experience. A Division of NBCUniversal. 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. They're so deep at this point in the investment, I don't see them coming out of this one, he said. Being able to crunch that much data in just a few minutes was really a game-changer, he said. He continued to shore up and build on the technical footprint that was already there. You can only imagine if a company was in their own data centers, how hard that would have been to grow that quickly. Its when I was a prosecutor that I really learned about it. They also demonstrate a uniquely detailed understanding of how criminals can use cryptocurrency to their advantage and, more importantly, how they cant: in a January forfeiture decision, for example, Faruqui noted that cash poses a greater challenge to law enforcement than cryptocurrency in unhosted wallets. In another, he called anonymity on the blockchain a myth, clarifying that cryptocurrency is an inefficient tool for criminals evading sanctions. The analytics tool, which allows users to access and securely analyze data across clouds, is built around BigQuery, the 11-year-old serverless data warehouse thats the centerpiece of Google Clouds data and analytics suite. 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. Google Cloud's Thomas Kurian, CEO of the world's hottest major cloud vendor, shares his insights on the impact the cloud will have on business in 2021, the n. We launched Protocol in February 2020 to cover the evolving power center of tech. This interview has been edited and condensed for clarity. Google Cloud currently accounts for approximately 10 per-cent of the worldwide cloud infrastructure services market, according to data from IT research firm Synergy Research Group, trailing Amazon Web Services and Microsoft Azure, which have 33 percent and 22 percent share, respectively, as of first-quarter 2022. Thomas Krikorian is president and owner of American Music Environments, Inc. (AME or "Amy") which began in 1996 as a division of Radio Programming and Management, Inc. (RPM). Thomas Kurian, chief executive officer of Google Cloud, at the company's campus in Sunnyvale, California (Bloomberg) Thomas Kurian's changes have given momentum to Google Cloud and prompted. "It's one thing to provide the capability of the cloud, a set of interesting technical capabilities. He believes Alphabet now is committed because of the sheer amount of capital its invested. Then you reached the stage where they knew they had to have a cloud strategy, and they wereasking their teams, their CIOs, okay, do we have a cloud strategy? Now, it's actually something that they're, in many cases, steeped in and involved in, and driving personally. From 4 a.m. to 7 a.m., he would read technical design documents. It is with deep sadness that just under three years later, we are winding down the publication. Those pathfinding activities have been critical to the growth of Anthos and, in my opinion, the growth of multicloud as an architectural pattern that more and more people are embracing, Grannis said. Are you aware that some legal analysis of the Tornado Cash sanctions references your recent decision in a cryptocurrency sanctions case? [18] He was also the fifth highest-paid tech executive in 2010. This has proven to be a successful mechanism to hear directly from strategic customers about their needs, their friction points and what's most important to them, Grider said. Bloomfield Hills, Michigan (MI), US. All are building products that depend on one thing - consumers' ability to securely share their data to use different services. When a customer searches for a red dress with lace, for example, red dresses with lace appear at the top of the search results. As they walked toward the parking lot, Grannis, who was then a managing director, introduced himself, and they began talking about a container-management technology called Kubernetes. It is about how they can put data at the center of their decision-making in a way that most organizations have never actually done in their history. Early life [ edit] Thomas Kurian was born to P.C. 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. Google said this week that its cloud unit finally turned profitable in the first quarter. When Carrie Tharp joined Google Cloud as vice president of Retail and Consumer in August 2019 from Neiman Marcus Group, it was a little bit of what I call, from my industry experience, kind of the bright, shiny object syndrome of, Hey, can Google do something cool for me in this space? and TBD if that was scalable or sustainable to do from a partnership perspective, said Tharp, a former chief digital and marketing officer for the retailer. He also holds a doctorate in engineering from the University of Oxford. While Google Cloud continues to operate at a hefty loss $931 million as of the end of the first quarter parent company Alphabet has signaled its taking a longer-term view when it comes to the division's profitability, with plans to continue investing aggressively given the sizable cloud market that it sees. 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. The opportunity is still very much in front of us, very much in front of our customers, and they continue to see that opportunity and to move rapidly to the cloud. The cloud numbers also benefited from an extension of the useful life of data center equipment. Do customers still want those fundamental building blocks and to piece them together themselves, or do they just want AWS to take care of all that? Here's a closer look at Thomas Kurian's life and career: Thomas Kurian is 51. With billions of people around the world using its parent companys large-scale consumer services platforms like Google Search and Google Maps, Google arguably has the largest attack surface on the planet, Kurian said. I don't know. 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. They were just not adaptable to the enterprise customer like The Home Depot.. When I joined, I was very clear that we are a products and solutions company, were not a services company. If youre a new entrant into the machine learning space, those platforms are the best place to start. While Google Cloud revenue for 2022 will surely blow past $25 billion, perhaps it's not surprising that the company continues to innovate and evolve at the speed of a startup because, as CEO Thomas Kurian told me recently, "we really were born as an enterprise company just four years ago.". The CFPB's recent kick off of its 1033 rulemaking was particularly encouraging as is the agencys commitment to strong consumer data rights and emphasis on promoting competition. He has completely legitimized the platform in the hearts, minds and eyes of the largest organizations in the world, said Tony Safoian, CEO of Los Angeles-based SADA Systems, one of Google Clouds top channel partners. 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. Being a judge is very different because you're evaluating what the parties present to you as the applicable legal frameworks, and deciding how new, groundbreaking technology fits into legal frameworks that were written 10 or 15 years ago. Kurian graduated from Princeton with a bachelor's degree in electrical engineering, from which he graduated summa cum laude. It brings tremendous ease of procurement for the end customer. Companies can also create carefully refined marketing profiles and therefore, finely tune their services to the specific need. It just makes it more composable and more modular in terms of how customers buy from us, said TCS Srivastava. View 312 homes for sale in Tempe, AZ at a median listing home price of $460,000. Grannis recalled a day in late 2018, after Kurian had been picked for the role but before he'd actually started the job. We've really, really transformed, and most of our largest customers have been super successful in adopting and using cloud through the work they've done with us.. A lot of customers are using containerized workloads now, and one of the big container technologies is Kubernetes. What has it felt like for you switching from that prosecutor role to magistrate judge?

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