Rachel Skaff, AWS | International Women's Day
(gentle music) >> Hello, and welcome to theCUBE's coverage of International Women's Day. I'm John Furrier, host of theCUBE. I've got a great guest here, CUBE alumni and very impressive, inspiring, Rachel Mushahwar Skaff, who's a managing director and general manager at AWS. Rachel, great to see you. Thanks for coming on. >> Thank you so much. It's always a pleasure to be here. You all make such a tremendous impact with reporting out what's happening in the tech space, and frankly, investing in topics like this, so thank you. >> It's our pleasure. Your career has been really impressive. You worked at Intel for almost a decade, and that company is very tech, very focused on Moore's law, cadence of technology power in the industry. Now at AWS, powering next-generation cloud. What inspired you to get into tech? How did you get here and how have you approached your career journey, because it's quite a track record? >> Wow, how long do we have? (Rachel and John laugh) >> John: We can go as long as you want. (laughs) It's great. >> You know, all joking aside, I think at the end of the day, it's about this simple statement. If you don't get goosebumps every single morning that you're waking up to do your job, it's not good enough. And that's a bit about how I've made all of the different career transitions that I have. You know, everything from building out data centers around the world, to leading network and engineering teams, to leading applications teams, to going and working for, you know, the largest semiconductor in the world, and now at AWS, every single one of those opportunities gave me goosebumps. And I was really focused on how do I surround myself with humans that are better than I am, smarter than I am, companies that plan in decades, but live in moments, companies that invest in their employees and create like artists? And frankly, for me, being part of a company where people know that life is finite, but they want to make an infinite impact, that's a bit about my career journey in a nutshell. >> Yeah. What's interesting is that, you know, over the years, a lot's changed, and a theme that we're hearing from leaders now that are heading up large teams and running companies, they have, you know, they have 20-plus years of experience under their belt and they look back and they say, "Wow, "things have changed and it's changing faster now, "hopefully faster to get change." But they all talk about confidence and they talk about curiosity and building. When did you know that this was going to be something that you got the goosebumps? And were there blockers in your way and how did you handle that? (Rachel laughs) >> There's always blockers in our way, and I think a lot of people don't actually talk about the blockers. I think they make it sound like, hey, I had this plan from day one, and every decision I've made has been perfect. And for me, I'll tell you, right, there are moments in your life that mark a differentiation and those moments that you realize nothing will be the same. And time is kind of divided into two parts, right, before this moment and after this moment. And that's everything from, before I had kids, that's a pretty big moment in people's lives, to after I had kids, and how do you work through some of those opportunities? Before I got married, before I got divorced. Before I went to this company, after I left this company. And I think the key for all of those is just having an insatiable curiosity around how do you continue to do better, create better and make better? And I'll tell you, those blockers, they exist. Coming back from maternity leave, hard. Coming back from a medical leave, hard. Coming back from caring for a sick parent or a sick friend, hard. But all of those things start to help craft who you are as a human being, not as a leader, but as a human being, and allows you to have some empathy with the people that you surround yourself with, right? And for me, it's, (sighs) you can think about these blockers in one of two ways. You can think about it as, you know, every single time that you're tempted to react in the same way to a blocker, you can be a prisoner of your past, or you can change how you react and be a pioneer of the future. It's not a blocker when you think about it in those terms. >> Mindset matters, and that's really a great point. You brought up something that's interesting, I want to bring this up. Some of the challenges in different stages of our lives. You know, one thing that's come out of this set of interviews, this, of day and in conversations is, that I haven't heard before, is the result of COVID, working at home brought empathy about people's personal lives to the table. That came up in a couple interviews. What's your reaction to that? Because that highlights that we're human, to your point of view. >> It does. It does. And I'm so thankful that you don't ask about balance because that is a pet peeve of mine, because there is no such thing as balance. If you're in perfect balance, you are not moving and you're not changing. But when you think about, you know, the impact of COVID and how the world has changed since that, it has allowed all of us to really think about, you know, what do we want to do versus what do we have to do? And I think so many times, in both our professional lives and our personal lives, we get caught up in doing what we think we have to do to get ahead versus taking a step back and saying, "Hey, what do I want to do? "And how do I become a, you know, "a better human?" And many times, John, I'm asked, "Hey, "how do you define success or achievement?" And, you know, my answer is really, for me, the greatest results that I've achieved, both personally and professionally, is when I eliminate the word success and balance from my vocabulary, and replace them with two words: What's my contribution and what's my impact? Those things make a difference, regardless of gender. And I'll tell you, none of it is easy, ever. I think all of us have been broken, we've been stretched, we've been burnt out. But I also think what we have to talk about as leaders in the industry is how we've also found endurance and resilience. And when we felt unsteady, we've continued to go forward, right? When we can't decide, the best answer is do what's uncomfortable. And all of those things really stemmed from a part of what happened with COVID. >> Yeah, yeah, I love the uncomfortable and the balance highlight. You mentioned being off balance. That means you're growing, you're not standing still. I want to get your thoughts on this because one thing that has come out again this year, and last year as well, is having a team with you when you do it. So if you're off balance and you're going to stretch, if you have a good team with you, that's where people help each other. Not just pick them up, but like maybe get 'em back on track again. So, but if you're solo, you fall, (laughs) you fall harder. So what's your reaction to that? 'Cause this has come up, and this comes up in team building, workforce formation, goal setting, contribution. What's your reaction to that? >> So my reaction to that that is pretty simple. Nobody gets there on their own at all, right? Passion and ambition can only take you so far. You've got to have people and teams that are supporting you. And here's the funny thing about people, and frankly, about being a leader that I think is really important: People don't follow for you. People follow for who you help them become. Think about that for a second. And when you think about all the amazing things that companies and teams are able to do, it's because of those people. And it's because you have leaders that are out there, inspiring them to take what they believe is impossible and turn it into the possible. That's the power of teams. >> Can you give an example of your approach on how you do that? How do you build your teams? How do you grow them? How do you lead them effectively and also make 'em inclusive, diverse and equitable? >> Whew. I'll give you a great example of some work that we're doing at AWS. This year at re:Invent, for the first time in its history, we've launched an initiative with theCUBE called Women of the Cloud. And part of Women of the Cloud is highlighting the business impact that so many of our partners, our customers and our employees have had on the social, on the economic and on the financials of many companies. They just haven't had the opportunity to tell their story. And at Amazon, right, it is absolutely integral to us to highlight those examples and continue to extend that ethos to our partners and our customers. And I think one of the things that I shared with you at re:Invent was, you know, as U2's Bono put it, (John laughs) "We'll build it better than we did before "and we are the people "that we've been waiting for." So if we're not out there, advocating and highlighting all the amazing things that other women are doing in the ecosystem, who will? >> Well, I've got to say, I want to give you props for that program. Not only was it groundbreaking, it's still running strong. And I saw some things on LinkedIn that were really impressive in its network effect. And I met at least half a dozen new people I never would have met before through some of that content interaction and engagement. And this is like the power of the current world. I mean, getting the voices out there creates momentum. And it's good for Amazon. It's not just personal brand building for my next job or whatever, you know, reason. It's sharing and it's attracting others, and it's causing people to connect and meet each other in that world. So it's still going strong. (laughs) And this program we did last year was part of Rachel Thornton, who's now at MessageBird, and Mary Camarata. They were the sponsors for this International Women's Day. They're not there anymore, so we decided we're going to do it again because the impact is so significant. We had the Amazon Education group on. It's amazing and it's free, and we've got to get the word out. I mean, talk about leveling up fast. You get in and you get trained and get certified, and there's a zillion jobs out (laughs) there in cloud, right, and partners. So this kind of leadership is really important. What was the key learnings that you've taken away and how do you extend this opportunity to nurture the talent out there in the field? Because when you throw the content out there from great leaders and practitioners and developers, it attracts other people. >> It does. It does. So look, I think there's two types of people, people that are focused on being and people who are focused on doing. And let me give you an example, right? When we think about labels of, hey, Rachel's a female executive who launched Women of the Cloud, that label really limits me. I'd rather just be a great executive. Or, hey, there's a great entrepreneur. Let's not be a great entrepreneur. Just go build something and sell it. And that's part of this whole Women of the cloud, is I don't want people focused on what their label is. I want people sharing their stories about what they're doing, and that's where the lasting impact happens, right? I think about something that my grandmother used to tell me, and she used to tell me, "Rachel, how successful "you are, doesn't matter. "The lasting impact that you have "is your legacy in this very finite time "that you have on Earth. "Leave a legacy." And that's what Women of the Cloud is about. So that people can start to say, "Oh, geez, "I didn't know that that was possible. "I didn't think about my career in that way." And, you know, all of those different types of stories that you're hearing out there. >> And I want to highlight something you said. We had another Amazonian on the program for this day earlier and she coined a term, 'cause inside Amazon, you have common language. One of them is bar raising. Raise the bar, that's an Amazonian (Rachel laughs) term. It means contribute and improve and raise the bar of capability. She said, "Bar raising is gender neutral. "The bar is a bar." And I'm like, wow, that was amazing. Now, that means your contribution angle there highlights that. What's the biggest challenge to get that mindset set in culture, in these- >> Oh. >> 'Cause it's that simple, contribution is neutral. >> It absolutely is neutral, but it's like I said earlier, I think so many times, people are focused on success and being a great leader versus what's the contribution I'm making and how am I doing as a leader, you know? And when it comes to a lot of the leadership principles that Amazon has, including bar raising, which means insisting on the highest standards, and then those standards continue to raise every single time. And what that is all about is having all of our employees figure out, how do I get better every single day, right? That's what it's about. It's not about being better than the peer next to you. It's about how do I become a better leader, a better human being than I was yesterday? >> Awesome. >> You know, I read this really cute quote and I think it really resonates. "You meditate to upgrade your software "and you work out to upgrade your hardware." And while it's important that we're all ourselves at work, we can't deny that a lot of times, ourselves still need that meditation or that workout. >> Well, I hope I don't have any zero days in my software out there, so, but I'm going to definitely work on that. I love that quote. I'm going to use that. Thank you very much. That was awesome. I got to ask you, I know you're really passionate about, and we've talked about this, around, so you're a great leader but you're also focused on what's behind you in the generation, pipelining women leaders, okay? Seats at the table, mentoring and sponsorship. What can we do to build a strong pipeline of leaders in technology and business? And where do you see the biggest opportunity to nurture the talent in these fields? >> Hmm, you know, that's great, great question. And, you know, I just read a "Forbes" article by another Amazonian, Tanuja Randery, who talked about, you know, some really interesting stats. And one of the stats that she shared was, you know, by 2030, less than 25% of tech specialists will be female, less than 25%. That's only a 6% growth from where we are in 2023, so in seven years. That's alarming. So we've really got to figure out what are the kinds of things that we're going to go do from an Amazon perspective to impact that? And one of the obvious starting points is showcasing tech careers to girls and young women, and talking openly about what a technology career looks like. So specifically at Amazon, we've got an AWS Git IT program that helps schools and educators bring in tech role models to show them what potential careers look like in tech. I think that's one great way that we can help build the pipeline, but once we get the pipeline, we also have to figure out how we don't let that pipeline leak. Meaning how do we keep women and, you know, young women on their tech career? And I think big part of that, John, is really talking about how hard it is, but it's also greater than you can ever imagine. And letting them see executives that are very authentic and will talk about, geez, you know, the challenges of COVID were a time of crisis and accelerated change, and here's what it meant to me personally and here's what we were able to solve professionally. These younger generations are all about social impact, they're about economic impact and they're about financial impact. And if we're not talking about all three of those, both from how AWS is leading from the front, but how its executives are also taking that into their personal lives, they're not going to want to go into tech. >> Yeah, and I think one of the things you mentioned there about getting people that get IT, good call out there, but also, Amazon's going to train 30 million people, put hundreds of millions of dollars into education. And not only are they making it easier to get in to get trained, but once you're in, even savvy folks that are in there still have to accelerate. And there's more ways to level up, more things are happening, but there's a big trend around people changing careers either in their late 20s, early 30s, or even those moments you talk about, where it's before and after, even later in the careers, 40s, 50s. Leaders like, well, good experience, good training, who were in another discipline who re-skilled. So you have, you know, more certifications coming in. So there's still other pivot points in the pipeline. It's not just down here. And that, I find that interesting. Are you seeing that same leadership opportunities coming in where someone can come into tech older? >> Absolutely. You know, we've got some amazing programs, like Amazon Returnity, that really focuses on how do we get other, you know, how do we get women that have taken some time off of work to get back into the workforce? And here's the other thing about switching careers. If I look back on my career, I started out as a civil engineer, heavy highway construction. And now I lead a sales team at the largest cloud company in the world. And there were, you know, twists and turns around there. I've always focused on how do we change and how do we continue to evolve? So it's not just focused on, you know, young women in the pipeline. It's focused on all gender and all diverse types throughout their career, and making sure that we're providing an inclusive environment for them to bring in their unique skillsets. >> Yeah, a building has good steel. It's well structured. Roads have great foundations. You know, you got the builder in you there. >> Yes. >> So I have to ask you, what's on your mind as a tech athlete, as an executive at AWS? You know, you got your huge team, big goals, the economy's got a little bit of a headwind, but still, cloud's transforming, edge is exploding. What's your outlook as you look out in the tech landscape these days and how are you thinking about it? What your plans? Can you share a little bit about what's on your mind? >> Sure. So, geez, there's so many trends that are top of mind right now. Everything from zero trust to artificial intelligence to security. We have more access to data now than ever before. So the opportunities are limitless when we think about how we can apply technology to solve some really difficult customer problems, right? Innovation sometimes feels like it's happening at a rapid pace. And I also say, you know, there are years when nothing happens, and then there's years when centuries happen. And I feel like we're kind of in those years where centuries are happening. Cloud technologies are refining sports as we know them now. There's a surge of innovation in smart energy. Everyone's supply chain is looking to transform. Custom silicon is going mainstream. And frankly, AWS's customers and partners are expecting us to come to them with a point of view on trends and on opportunities. And that's what differentiates us. (John laughs) That's what gives me goosebumps- >> I was just going to ask you that. Does that give you goosebumps? How could you not love technology with that excitement? I mean, AI, throw in AI, too. I just talked to Swami, who heads up the AI and database, and we just talked about the past 24 months, the change. And that is a century moment happening. The large language models, computer vision, more compute. Compute's booming than ever before. Who thought that was going to happen, is still happening? Massive change. So, I mean, if you're in tech, how can you not love tech? >> I know, even if you're not in tech, I think you've got to start to love tech because it gives you access to things you've never had before. And frankly, right, change is the only constant. And if you don't like change, you're going to like being irrelevant even less than you like change. So we've got to be nimble, we've got to adapt. And here's the great thing, once we figure it out, it changes all over again. And it's not something that's easy for any of us to operate. It's hard, right? It's hard learning new technology, it's hard figuring out what do I do next? But here's the secret. I think it's hard because we're doing it right. It's not hard because we're doing it wrong. It's just hard to be human and it's hard to figure out how we apply all this different technology in a way that positively impacts us, you know, economically, financially, environmentally and socially. >> And everyone's different, too. So you got to live those (mumbles). I want to get one more question in before we, my last question, which is about you and your impact. When you talk to your team, your sales, you got a large sales team, North America. And Tanuja, who you mentioned, is in EMEA, we're going to speak with her as well. You guys lead the front lines, helping customers, but also delivering the revenue to the company, which has been fantastic, by the way. So what's your message to the troops and the team out there? When you say, "Take that hill," like what is the motivational pitch, in a few sentences? What's the main North Star message in today's marketplace when you're doing that big team meeting? >> I don't know if it's just limited to a team meeting. I think this is a universal message, and the universal message for me is find your edge, whatever that may be. Whether it is the edge of what you know about artificial intelligence and neural networks or it's the edge of how do we migrate our applications to the cloud more quickly. Or it's the edge of, oh, my gosh, how do I be a better parent and still be great at work, right? Find your edge, and then sharpen it. Go to the brink of what you think is possible, and then force yourself to jump. Get involved. The world is run by the people that show up, professionally and personally. (John laughs) So show up and get started. >> Yeah as Steve Jobs once said, "The future "that everyone looks at was created "by people no smarter than you." And I love that quote. That's really there. Final question for you. I know we're tight on time, but I want to get this in. When you think about your impact on your company, AWS, and the industry, what's something you want people to remember? >> Oh, geez. I think what I want people to remember the most is it's not about what you've said, and this is a Maya Angelou quote. "It's not about what you've said to people "or what you've done, "it's about how you've made them feel." And we can all think back on leaders or we can all think back on personal moments in our lives where we felt like we belonged, where we felt like we did something amazing, where we felt loved. And those are the moments that sit with us for the rest of our lives. I want people to remember how they felt when they were part of something bigger. I want people to belong. It shouldn't be uncommon to talk about feelings at work. So I want people to feel. >> Rachel, thank you for your time. I know you're really busy and we stretched you a little bit there. Thank you so much for contributing to this wonderful day of great leaders sharing their stories. And you're an inspiration. Thanks for everything you do. We appreciate you. >> Thank you. And let's go do some more Women of the Cloud videos. >> We (laughs) got more coming. Bring those stories on. Back up the story truck. We're ready to go. Thanks so much. >> That's good. >> Thank you. >> Okay, this is theCUBE's coverage of International Women's Day. It's not just going to be March 8th. That's the big celebration day. It's going to be every quarter, more stories coming. Stay tuned at siliconangle.com and thecube.net here, with bringing all the stories. I'm John Furrier, your host. Thanks for watching. (gentle music)
SUMMARY :
and very impressive, inspiring, Thank you so much. and how have you approached long as you want. to going and working for, you know, and how did you handle that? and how do you work through Some of the challenges in And I'm so thankful that you don't ask and the balance highlight. And it's because you have leaders that I shared with you at re:Invent and how do you extend this opportunity And let me give you an example, right? and raise the bar of capability. contribution is neutral. than the peer next to you. "and you work out to And where do you see And one of the stats that she shared the things you mentioned there And there were, you know, twists You know, you got the and how are you thinking about it? And I also say, you know, I was just going to ask you that. And if you don't like change, And Tanuja, who you mentioned, is in EMEA, of what you know about And I love that quote. And we can all think back on leaders Rachel, thank you for your time. Women of the Cloud videos. We're ready to go. It's not just going to be March 8th.
SENTIMENT ANALYSIS :
ENTITIES
Entity | Category | Confidence |
---|---|---|
Telco | ORGANIZATION | 0.99+ |
Rachel | PERSON | 0.99+ |
Tim Cook | PERSON | 0.99+ |
Jeff Frick | PERSON | 0.99+ |
Telcos | ORGANIZATION | 0.99+ |
Tanuja Randery | PERSON | 0.99+ |
Rachel Thornton | PERSON | 0.99+ |
Amazon | ORGANIZATION | 0.99+ |
Nayaki | PERSON | 0.99+ |
Sanjay | PERSON | 0.99+ |
Peter Burris | PERSON | 0.99+ |
2014 | DATE | 0.99+ |
Ford | ORGANIZATION | 0.99+ |
Tanuja | PERSON | 0.99+ |
Rachel Skaff | PERSON | 0.99+ |
Todd Skidmore | PERSON | 0.99+ |
Nokia | ORGANIZATION | 0.99+ |
Barcelona | LOCATION | 0.99+ |
John | PERSON | 0.99+ |
Australia | LOCATION | 0.99+ |
ORGANIZATION | 0.99+ | |
Bob Stefanski | PERSON | 0.99+ |
Steve Jobs | PERSON | 0.99+ |
Tom Joyce | PERSON | 0.99+ |
Lisa Martin | PERSON | 0.99+ |
Laura Cooney | PERSON | 0.99+ |
John Furrier | PERSON | 0.99+ |
Todd | PERSON | 0.99+ |
AWS | ORGANIZATION | 0.99+ |
2011 | DATE | 0.99+ |
Mary Camarata | PERSON | 0.99+ |
Meg Whitman | PERSON | 0.99+ |
IBM | ORGANIZATION | 0.99+ |
Tesla | ORGANIZATION | 0.99+ |
Blackberry | ORGANIZATION | 0.99+ |
Coca-Cola | ORGANIZATION | 0.99+ |
Palo Alto | LOCATION | 0.99+ |
Sanjay Srivastava | PERSON | 0.99+ |
Silicon Valley | LOCATION | 0.99+ |
BMC Software | ORGANIZATION | 0.99+ |
U.S. | LOCATION | 0.99+ |
Siri | TITLE | 0.99+ |
BMC | ORGANIZATION | 0.99+ |
HP | ORGANIZATION | 0.99+ |
Motorola | ORGANIZATION | 0.99+ |
Jeff | PERSON | 0.99+ |
Samsung | ORGANIZATION | 0.99+ |
Mihir Shukla | PERSON | 0.99+ |
2023 | DATE | 0.99+ |
Nayaki Nayyar | PERSON | 0.99+ |
Apple | ORGANIZATION | 0.99+ |
Rachel Mushahwar Skaff | PERSON | 0.99+ |
6% | QUANTITY | 0.99+ |
ORGANIZATION | 0.99+ | |
Share A Coke | ORGANIZATION | 0.99+ |
Charu Kapur, NTT Data & Rachel Mushahwar, AWS & Jumi Barnes, Goldman Sachs | AWS re:Invent 2022
>>Hey everyone. Hello from Las Vegas. Lisa Martin here with you, and I'm on the show floor at Reinvent. But we have a very special program series that the Cube has been doing called Women of the Cloud. It's brought to you by aws and I'm so pleased to have an excellent panel of women leaders in technology and in cloud to talk about their tactical recommendations for you, what they see as found, where they've helped organizations be successful with cloud. Please welcome my three guests, Tara Kapor, president and Chief Revenue Officer, consulting and Digital Transformations, NTT Data. We have Rachel Mu, aws, head of North America, partner sales from aws, and Jimmy Barnes joins us as well, managing director, investment banking engineering at Goldman Sachs. It is so great to have you guys on this power panel. I love it. Thank you for joining me. >>Thank >>You. Let's start with you. Give us a little bit of, of your background at NTT Data and I, and I understand NTT has a big focus on women in technology and in stem. Talk to us a little bit about that and then we'll go around the table. >>Perfect, thank you. Thank you. So brand new role for me at Entity Data. I started three months back and it's a fascinating company. We are about 22 billion in size. We work across industries on multiple innovative use cases. So we are doing a ton of work on edge analytics in the cloud, and that's where we are here with aws. We are also doing a ton of work on the private 5G that we are rolling out and essentially building out industry-wide use cases across financial services, manufacturing, tech, et cetera. Lots of women identity. We essentially have women run cloud program today. We have a gal called Nore Hanson who is our practice leader for cloud. We have Matine who's Latifa, who's our AWS cloud leader. We have Molly Ward who leads up a solutions on the cloud. We have an amazing lady in Mona who leads up our marketing programs. So a fantastic plethora of diverse women driving amazing work identity on cloud. >>That's outstanding to hear because it's one of those things that you can't be what you can't see. Right. We all talk about that. Rachel, talk a little bit about your role and some of the focus that AWS has. I know they're big customer obsession, I'm sure obsessed with other things as well. >>Sure. So Rachel Muir, pleased to be here again. I think this will be my third time. So a big fan of the Cube. I'm fortunate enough to lead our North America partner and channel business, and I'll tell you, I've been at AWS for a little under two years, and honestly, it's been probably the best two years of my career. Just in terms of where the cloud is, where it's headed, the business outcomes that we can deliver with our customers and with our partners is absolutely remarkable. We get to, you know, make the impossible possible every day. So I'm, I'm thrilled to be here and I'm thrilled to, to be part of this inaugural Women of the Cloud panel. >>Oh, I'm prepared to have all three of you. One of the things that feedback, kind of pivoting off what, Rachel, one of the things that you said that one of our guests, some of several of our guests have said is that coming out of Adams keynote this morning, it just seems limitless what AWS can do and I love that it gives me kind of chills what they can do with cloud computing and technology, with its ecosystem of partners with its customers like Goldman Sachs. Jimmy, talk to us a little bit about you, your role at Goldman Sachs. You know, we think of Goldman Sachs is a, is a huge financial institution, but it's also a technology company. >>Yeah. I mean, since the age of 15 I've been super passionate about how we can use technology to transform business and simplify modernized business processes. And it's, I'm so thrilled that I have the opportunity to do that at Goldman Sachs as an engineer. I recently moved about two years ago into the investment banking business and it's, you know, it's best in class, one of the top companies in terms of mergers and acquisitions, IPOs, et cetera. But what surprised me is how technology enables all the businesses across the board. Right? And I get to be leading the digital platform for building out the digital platform for in the investment banking business where we're modernizing and transforming existing businesses. These are not new businesses. It's like sometimes I liken it to trying to change the train while it's moving, right? These are existing businesses, but now we get to modernize and transform on the cloud. Right. Not just efficiency for the business by efficiency for technologists as >>Well. Right, right. Sticking with you, Jimmy. I wanna understand, so you've been, you've been interested in tech since you were young. I only got into tech and accidentally as an adult. I'm curious about your career path, but talk to us about that. What are some of the recommendations that you would have for other women who might be looking at, I wanna be in technology, but I wanna work for some of the big companies and they don't think about the Goldman Sachs or some of the other companies like Walmart that are absolutely technology driven. What's your advice for those women who want to grow their career? >>I also, growing up, I was, I was interested in various things. I, I loved doing hair. I used to do my own hair and I used to do hair for other students at school and I was also interested in running an entertainment company. And I used actually go around performing and singing and dancing with a group of friends, especially at church. But what amazed me is when I landed my first job at a real estate agent and everything was being done manually on paper, I was like, wow, technology can bring transformation anywhere and everywhere. And so whilst I have a myriad of interest, there's so many ways that technology can be applied. There's so many different types of disciplines within technology. It's not, there's hands on, like I'm colder, I like to code, but they're product managers, there are business analysts, there are infrastructure specialist. They're a security specialist. And I think it's about pursuing your passion, right? Pursuing your passion and identifying which aspects of technology peak your interest. And then diving in. >>Love that. Diving in. Rachel, you're shaking your head. You definitely are in alignment with a lot of what >>Duties I am. So, you know, interesting enough, I actually started my career as a civil engineer and eventually made it into, into technology. So very similar. I saw in, you know, heavy highway construction how manual some of these processes were. And mind you, this was before the cloud. And I sat down and wrote a little computer program to automate a lot of these manual tasks. And for me it was about simplification of the customer journey and really figuring out how do you deliver value. You know, on fast forward, say 20 plus years, here I am with AWS who has got this amazing cloud platform with over 200 services. And when I think about what we do in tech, from business transformation to modernizing to helping customers think about how do they create new business models, I've really found, I've really found my sweet spot, and I'll say for anyone who wants to get into tech or even switch careers, there's just a couple words of advice that I have. And it's really two words, just start. >>Yes, >>That's it. Just start. Because sometimes later becomes never. And you know, fuel your passion, be curious, think about new things. Yes. And just >>Start, I love that. Just start, you should get t-shirts made with that. Tell me a little bit about some of your recommendations. Obviously just start is great when follow your passion. What would you say to those out there looking to plan the letter? >>So, you know, my, my story's a little bit like jus because I did not want to be in tech. You know, I wanted an easy life. I did well in school and I wanted to actually be an air hostess. And when I broke that to my father, you know, the standard Indian person, now he did, he, you know, he wanted me to go in and be an engineer. Okay? So I was actually push into computer engineering, graduated. But then really two things today, right? When I look back, really two pieces, two areas I believe, which are really important for success. One is, you know, we need to be competent. And the second is we need to be confident, right? Yes, yes. It's so much easier to be competent because a lot of us diverse women, diverse people tend to over rotate on knowing their technical skills, right? Knowing technical skills important, but you need to know how to potentially apply those to business, right? Be able to define a business roi. And I see Julie nodding because she wants people to come in and give her a business ROI for programs that you're executing at Goldman Sachs. I presume the more difficult part though is confidence. >>Absolutely. It's so hard, especially when, when we're younger, we don't know. Raise your hand because I guarantee you either half the people in the, in the room or on the zoom these days weren't listening or have the same question and are too afraid to ask because they don't have the confidence. That's right. Give me, let's pivot on confidence for a minute, Jim, and let's go back to how would you advise your younger self to find your confidence? >>That's, that's a tough one because I feel like even this older self is still finding exercise to, to be real. But I think it's about, I would say it's not praise. I think it's about praising yourself, like recognizing your accomplishments. When I think about my younger self, I think I, I like to focus more on what I didn't do or what I didn't accomplish, instead of majoring and focusing on all the accomplishments and the achievements and reminding myself of those day after day after day. And I think it's about celebrating your wins. >>I love that. Celebrating your wins. Do you agree, Rachel? >>I do. Here's the hard part, and I look around this table of amazing business leaders and I can guarantee that every single one of us sometime this year woke up and said, oh my gosh, I don't know how to do that. Oh >>Yeah. But >>What we haven't followed that by is, I don't know how to do that yet. Right. And here's the other thing I would tell my younger self is there will be days where every single one of us falls apart. There will be days when we feel like we failed at work. There will be days when you feel like you failed as a parent or you failed as a spouse. There'll be days where you have a kid in the middle of target screaming and crying while you're trying to close a big business deal and you just like, oh my gosh, is this really my life? But what I would tell my younger self is, look, the crying, the chaos, the second guessing yourself, the successes, every single one of those are milestones. And it's triumphant, it's tragic, but every single thing that we have been through is fiercely worthwhile. And it's what got us >>Here. Absolutely. Absolutely. Think of all the trials and tribulations and six and Zacks that got you to this table right now. Yep. So Terry, you brought up confidence. How would you advise the women out there won't say you're gonna know stuff. The women out there now that are watching those that are watching right there. Hi. How would you advise them to really find their, their ability to praise themselves, recognize all of the trials and the tribulations as milestones as Rachel said, and really give themselves a seat at the table, raise their hand regardless of who else is in the room? >>You know, it's a, it's a more complex question just because confidence stems from courage, right? Confidence also stems from the belief that you're going to be treated fairly right now in an organization for you to be treated fairly. You need to have, be surrounded by supporters that are going to promote your voice. And very often women don't invest enough in building that support system around them. Yeah. Right. We have mentors, and mentors are great because they come in and they advise us and they'll tell us what we need to go out and do. We really need a team of sponsors Yes. Who come in and support us in the moment in the business. Give us the informal channel because very often we are not plugged into the informal channel, right. So we don't get those special projects or assignments or even opportunities to prove that we can do the tough task. Yeah. So, you know, my, my advice would be to go out and build a network of sponsors. Yes. And if you don't have one, be a sponsor for someone else. That's right. I love that. Great way to win sponsorship is by extending it todos. >>And sometimes too, it's about, honestly, I didn't even know the difference between a mentor and a sponsor until a few years ago. And I started thinking, who are I? And then I started realizing who they were. That's right. And some of the conversations that we've had on the cube about women in technology, women of the cloud with some of the women leaders have said, build, and this is kind of like, sort of what you were saying, build your own personal board of directors. Yeah. And that, oh, it gives me chills. It's just, it's so important for, for not just women, but anybody, for everybody. But it's so important to do that. And if you, you think about LinkedIn as an example, you have a network, it's there, utilize it, figure out who your mentors are, who your sponsors are, who are gonna help you land the next thing, start building that reputation. But having that board of directors that you can kind of answer to or have some accountability towards, I think is hugely very >>Important. Yeah. >>Very important. I think, you know, just for, just for those that are listening, a really important distinction for me was mentors are people that you have that help you with, Hey, here's the situation that you were just in. They advise you on the situation. Sponsors are the people that stick up for you when you're not in the room to them. Right. Sponsors are the ones that say, Hey, I think so and so not only needs to have a seat at the table, but they need to build the table. And that's a really important delineation. Yeah. Between mentors and sponsors. And everybody's gotta have a sponsor both within their company and outside of their company. Someone that's advocating for them on their behalf when they don't even know it. Yeah. Yeah. >>I love that you said that. Build the table. It reminds me of a quote that I heard from Will I am, I know, very random. It was a podcast he did with Oprah Winfrey on ai. He's very into ai and I was doing a panel on ai, so I was doing a lot of research and he said, similar for Rachel to build the table, don't wait for a door to open. You go build a door. And I just thought, God, that is such brilliant advice. It is. It's hard to do. It is. Especially when, you know, the four of us in this room, there's a lot of women around here, but we are in an environment where we are the minority women of color are also the minority. What do you guys think where tech is in terms of de and I and really focusing on De and I as as really a very focused strategic initiative. Turner, what do you think? >>So, you know, I just, I, I spoke earlier about the women that we have at Entity Data, right? We have a fabulous team of women. And joining this team has been a moment of revelation for me coming in. I think to promote dni, we all need to start giving back, right? Yes. So today, I would love to announce that we at Entity would like to welcome all of you out there. You know, folks that have diverse ideas, you know, ISV, partners with diverse solutions, thought leaders out there who want to contribute into the ecosystem, right? Customers out there who want to work with companies that are socially responsible, right? We want to work with all of you, come back, reach out to us and be a part of the ecosystem because we can build this together, right? AWS has an amazing platform that gives us an opportunity to do things differently. Yes. Right. Entity data is building a women powered cloud team. And I want to really extend that out to everyone else to be a part this ecosystem, >>But a fantastic opportunity. You know, when we talk about diversity and inclusion and equity, it needs to be intentional for organization. It sounds very intentional at ntt. I know that that intention is definitely there at AWS as well. What are your thoughts on where tech is with respect to diversity? Even thought diversity? Because a lot of times we tend to go to our comfort zones. We do. And so we tend to start creating these circles of kind of like, you know, think tanks and they think alike people to go outside of that comfort zone. It's part of building the table, of building the, is the table and getting people from outside your comfort zone to come in and bring in diverse thought. Because can you imagine the potential of technology if we have true thought diversity in an organization? >>Right? It's, it's incredible. So one of the things that I always share with my team is we've got the opportunity to really change the outcome, right? As you know, you talked about Will I am I'm gonna talk about Bono from you too, right? One of, one of his favorite quotes is, we are the people we've been waiting for. Oh, I love that. And when you think about that, that is us. There is no one else that's gonna change the outcome and continue to deliver some of the business outcomes and the innovation that we are if we don't continue to raise our hand and we don't continue to, to inspire the next generation of leaders to do the same thing. And what I've found is when you start openly sharing what your innovation ideas are or how you're leveraging your engineering background, your stories and your successes, and, and frankly, some of your failures become the inspiration for someone you might not even know. Absolutely. And that's the, you know, that's the key. You're right. Inclusion, diversity, equity and accessibility, yes. Have to be at the forefront of every business decision. And I think too often companies think that, you know, inclusion, diversity, equity and accessibility is one thing, and business outcomes are another. And they're not. No, they are one in the same. You can't build business outcomes without also focusing on inclusion, diversity, equity, accessibility. That's the deliberate piece. >>And, and it has to be deliberate. Jimmy, I wanna ask you, we only have a couple of minutes left, but you're a woman in tech, you're a woman of color. What was that like for you? You, you were very intentional knowing when you were quite young. Yeah. What you wanted to do, but how have you navigated that? Because I can't imagine that was easy. >>It wasn't. I remember, I always tell the story and the, the two things that I really wanted to emphasize today when I thought about this panel is rep representation matters and showing up matters, right? And there's a statement, there's a flow, I don't know who it's attributed to, but be the change you want to see. And I remember walking through the doors of Goldman Sachs 15 years ago and not seeing a black female engineer leader, right? And at that point in time, I had a choice. I could be like, oh, there's no one look like, there's no one that looks like me. I don't belong here. Or I could do what I actually did and say, well, I'm gonna be that person. >>Good, >>Right? I'm going to be the chain. I'm going to show up and I am going to have a seat at the table so that other people behind me can also have a seat at the table. And I think that I've had the privilege to work for a company who has been inclusive, who has had the right support system, the right structures in place, so that I can be that person who is the first black woman tech fellow at Goldman Sachs, who is one of the first black females to be promoted up the rank as a, from analysts to managing director at the company. You know, that was not just because I determined that I belong here, but because the company ensure that I felt that I belong. >>Right. >>That's a great point. They ensure that you felt that. Yeah. You need to be able to feel that. Last question, we've only got about a minute left. 2023 is just around the corner. What comes to your mind, Jimmy will stick with you as you head into the new year. >>Sorry, can you repeat >>What comes to mind priorities for 2023 that you're excited about? >>I'm excited about the democratization of data. Yeah. I'm excited about a lot of the announcements today and I, I think there is a, a huge shift going on with this whole concept of marketplaces and data exchanges and data sharing. And I think both internally and externally, people are coming together more. Companies are coming together more to really de democratize and make data available. And data is power. But a lot of our businesses are running, running on insights, right? And we need to bring that data together and I'm really excited about the trends that's going on in cloud, in technology to actually bring the data sets together. >>Touro, what are you most excited about as we head to 2023? >>I think I'm really excited about the possibilities that entity data has right here, right now, city of Las Vegas, we've actually rolled out a smart city project. So saving citizens life, using data edge analytics, machine learning, being able to predict adverse incidents before they happen, and then being able to take remediation action, right? So that's technology actually working in real time to give us tangible results. We also sponsor the Incar races. Lots of work happening there in delivering amazing customer experience across the platform to millions of users real time. So I think I'm just excited about technology coming together, but while that's happening, I think we really need to be mindful at this time that we don't push our planet into per right. We need to be sustainable, we need to be responsible. >>Absolutely. Rachel, take us out. What are you most excited about going into 2023? >>So, you know, there are so many trends that are, that we could talk about, but I'll tell you at aws, you know, we're big. We, we impact the world. So we've gotta be really thoughtful and humble about what it is that we do. So for me, what I'm most excited about is, you know, one of our leadership principles is about, you know, with what broad responsibility brings, you know, you've got to impact sustainability and many of those other things. And for me, I think it's about waking up every day for our customers, for our partners, and for the younger generations. And being better, doing better, and making better for this planet and for, you know, the future generations to come. So >>I think your tag line just start applies to all of that. It does. It has been an absolute pleasure. And then really an honor to talk to you on the program. Thank you all for joining me, sharing your experiences, sharing what you've accomplished, your recommendations for those others who might be our same generation or older or younger. All really beautiful advice. Thank you so much for your time and your insights. We appreciate it. >>Thank you. Thank you. >>For my guests, I'm Lisa Martin. You're watching The Cube, the leader in live enterprise and emerging tech coverage. Thanks for watching.
SUMMARY :
It is so great to have you guys on this power panel. Talk to us a little bit about that and then we'll go around the table. So we are doing a ton of work on edge analytics in the That's outstanding to hear because it's one of those things that you can't be what you can't see. the business outcomes that we can deliver with our customers and Jimmy, talk to us a little bit about you, your role at Goldman Sachs. And I get to be leading the digital platform What are some of the recommendations that you would have for other And I think it's about pursuing Rachel, you're shaking your head. So, you know, interesting enough, I actually started my career as a And you know, fuel your passion, be curious, What would you say to And when I broke that to my father, you know, the standard Indian Give me, let's pivot on confidence for a minute, Jim, and let's go back to how would you advise your And I think it's about celebrating your wins. Do you agree, Rachel? don't know how to do that. And here's the other thing I would tell my younger self is there and Zacks that got you to this table right now. And if you don't have one, be a sponsor for someone else. some of the women leaders have said, build, and this is kind of like, sort of what you were saying, build your own personal board Yeah. Sponsors are the people that stick up for you when you're not in the room I love that you said that. You know, folks that have diverse ideas, you know, ISV, And so we tend to start creating these circles of kind of like, you know, think tanks and they think alike And when you think about that, that What you wanted to do, but how have you navigated that? but be the change you want to see. And I think that I've Jimmy will stick with you as you head into the new year. And I think both internally and We need to be sustainable, we need to be responsible. What are you most excited about going into 2023? this planet and for, you know, the future generations to come. And then really an honor to talk to you on the program. Thank you. and emerging tech coverage.
SENTIMENT ANALYSIS :
ENTITIES
Entity | Category | Confidence |
---|---|---|
AWS | ORGANIZATION | 0.99+ |
Lisa Martin | PERSON | 0.99+ |
Julie | PERSON | 0.99+ |
Rachel | PERSON | 0.99+ |
Tara Kapor | PERSON | 0.99+ |
Terry | PERSON | 0.99+ |
Rachel Mu | PERSON | 0.99+ |
Walmart | ORGANIZATION | 0.99+ |
Goldman Sachs | ORGANIZATION | 0.99+ |
Jimmy | PERSON | 0.99+ |
Jim | PERSON | 0.99+ |
Turner | PERSON | 0.99+ |
Molly Ward | PERSON | 0.99+ |
NTT | ORGANIZATION | 0.99+ |
Entity Data | ORGANIZATION | 0.99+ |
Rachel Muir | PERSON | 0.99+ |
Las Vegas | LOCATION | 0.99+ |
NTT Data | ORGANIZATION | 0.99+ |
Oprah Winfrey | PERSON | 0.99+ |
Jimmy Barnes | PERSON | 0.99+ |
Charu Kapur | PERSON | 0.99+ |
today | DATE | 0.99+ |
2023 | DATE | 0.99+ |
millions | QUANTITY | 0.99+ |
two years | QUANTITY | 0.99+ |
first job | QUANTITY | 0.99+ |
two pieces | QUANTITY | 0.99+ |
ORGANIZATION | 0.99+ | |
two words | QUANTITY | 0.99+ |
The Cube | TITLE | 0.99+ |
Rachel Mushahwar | PERSON | 0.99+ |
over 200 services | QUANTITY | 0.99+ |
Nore Hanson | PERSON | 0.99+ |
two things | QUANTITY | 0.99+ |
20 plus years | QUANTITY | 0.99+ |
third time | QUANTITY | 0.99+ |
Entity | ORGANIZATION | 0.99+ |
three | QUANTITY | 0.99+ |
three guests | QUANTITY | 0.99+ |
first | QUANTITY | 0.99+ |
one | QUANTITY | 0.99+ |
One | QUANTITY | 0.99+ |
four | QUANTITY | 0.98+ |
second | QUANTITY | 0.98+ |
six | QUANTITY | 0.98+ |
three months back | DATE | 0.98+ |
Touro | PERSON | 0.98+ |
both | QUANTITY | 0.98+ |
two areas | QUANTITY | 0.97+ |
North America | LOCATION | 0.97+ |
about 22 billion | QUANTITY | 0.97+ |
Latifa | PERSON | 0.97+ |
under two years | QUANTITY | 0.96+ |
this year | DATE | 0.95+ |
Chandar Pattabhiram, Coupa | Coupa Insp!re19
>> Announcer: From the Cosmopolitan Hotel in Las Vegas, Nevada, it's theCUBE. Covering Coupa Inspire 2019. Brought to you by Coupa. >> Welcome to theCUBE. Lisa Martin on the ground at Coupa Inspire '19 from the Vegas. I'm very pleased to welcome not Bono, not Sting, it's Chandar, the CMO of Coupa. Chandar, welcome to theCUBE. >> Lisa, thank you, it's great to be here today. >> This is a really cool event. Procurement is sexy. >> It is sexy. >> It can be so incredibly transformative to any organization. I loved how the last two days, what you guys have done is a great job of articulating Coupa's value in procurement, invoicing, payments, expense, through the voices of your customers and I think there's no better brand value that you can get. >> Sure, absolutely. >> Tell us a little bit about your role as the CMO of Coupa and marketing in a fast-growing company with a product that people might go, "I haven't heard of that, what is that again?" >> Yeah, it's a good question. I think if I look at it, my role is at Coupa, especially, for Coupa, what's interesting about it, as you said, is that every company makes money, every company spends money. So, invariably, Coupa can be used across a set of different companies. One from the Golden State Warriors to Procter & Gamble to the Lukemia & Lymphoma Society. Across the board. And then, from our perspective, holistically, we're looking at business, but managed from different aspects of spend. You said procurement was in expenses. So, my role is to build a marketing engine to get the flywheel effect of first you drive awareness. All marketing starts with awareness and you said people haven't heard of it. And so, to first to drive awareness in a very thoughtful way to the right contextual community we want to go after. And, two, drive acquisition, we'll drive close synergies between sales and marketing to ultimately drive pipeline and win rates and ultimately deals. And then, very importantly in today's world, is to drive the advocacy and get your most passionate customers to evangelize about the brand, so that you create the flywheel effect of awareness, acquisition, and advocacy. And, that's really what my role today is. >> And, I love how I read an article where you call that the stairway to marketing heaven. So, I thought, I wonder if you're a guitar guy, but you're right. It's how to drive awareness, but in a meaningful, thoughtful way. Especially today, with all all the technology, we wake up with it, right? Our phone is our alarm clock. We are bombarded by ads. If we're on Instagram, following our favorite celebrities or whatnot and it's scary when they have the right context, but it has to be thoughtful. We need to know our audience. So, you describe this stairway to marketing heaven, as you just mentioned, it's awareness, it's acquisition, which is key. But, I feel like a lot of companies don't forget the advocacy part, but they don't invest enough in it because that's the best salesperson for your technology, is the people that are using it successfully, right? >> Totally. Yeah, so, in fact, there was a study about a couple of years which looked at how balanced the boat is in terms of spending in presale versus post-sale. And, it's interesting that 87% of B2B marketing spend was presale. In other words, only 13% of people were investing in retention marketing, adoption mastery, customer marketing, and this is what advocacy marketing. And, in today's world, that doesn't work because you got to balance the boat because, to your point, you're getting in a peer-bond world where your existing customers are your best sellers. And, prospects who have all the buying power today are looking to your existing customers to guide them in their purchasing decisions. So, as an organization, if you balance the boat, then you're going to get the flywheel effect going for you in terms of driving the right advocacy across all channels. Just not your own channel if you earn channels to ultimately drive that acquisition going. >> Do you think that's actually more valuable? 'Cause it's one thing to have on your .com site, your social media sites, all these great things about your technologies, etc., coming from customers or from product experts, from influencers. Talk about the value. As technology advances so much and we are influenced by so many other channels, the value of the earned channel and that peer-to-peer relationship. >> Yeah, I think, as I say, that every mom says her baby is good-looking. But, in software, not every baby is really good-looking. Which means, if you take that analogy and extend it, if you're coming to your own channel, invariably, you're going to see some great customer videos about your product, you're going to see some great endorsements and testimonials, you're going to see some great quotes about your product. The reality, there's no bad news about your product on your own website, on your own channel. But, the reality is there are some, some people who might have different opinions. If you go to Glassdoor, no company gets a five on Glassdoor. And, if you take the same thing and extend it to earned channels for advocacy, folks like G2 Crowd, TrustRadius, and B2B, for example, are becoming more relevant today than before because two things. One is 85% of our customers' journey is self-directed. >> Lisa: That much? >> That much and Forrester has anywhere from 60 to 80, but reality is whether you're buying a car or you're buying Coupa. Today, a customer is discovering more journeys. And, in that process, they are looking to more of these earned channels as validation of which ones to go after than just your own channels. So, that's why we got to balance the boat and distribute our advocacy spend dollars across both your own channels and your earned channels. And, that's really important for you and the flywheel will pay off for you over time from that perspective. >> It will and that seems like a lot of the things that Suzy Irwin was talking about to the audience earlier. That's common sense. Why is it that you see these marketing budgets that are so heavily weighted towards just getting awareness, getting customers acquired, and then not thinking about retention marketing account based marketing. >> I'll tell you why. I think any smart CMO will conceptually agree with you. Nobody's going to say, of course, this is not important for me to get advocacy. The challenge comes in in terms of how that marketing department is measured. What gets measured gets funding at the end of the day. >> Lisa: That's a good point. >> And, reality is a lot of these B2B companies are still measuring marketing based on, what's the pipeline you're driving and what's at the top of the funnel metrics that you're driving? In reality, that's a little bit of a skewed thing because then if that's what you're being measured at the board level, at the executive level, then guess what? All your funding is going to go towards that. But, really, the true measurement of marketing, one, is about, yes, you have to get pipeline. You have to influence win rates at the bottom of the funnel and that's where product marketing comes in. But, as importantly, you have to look at the number of brand advocates you create and lifetime value of a customer. >> Yes, CLV, yes. >> And, that's really, really, customer lifetime value is so important because in a SaaS business, ultimately, the Mufasa metric, I'm a Lion King fan. The Mufasa metric is really lifetime value because if a customer stays longer with you, pays you more, and is shouting from the rooftop, then, invariably, that SaaS business is doing well. And, that's why you have to balance the boat in terms of post-advocacies, post-acquisition spend into advocacy, as much as you've done in pre-acquisition. >> When you came into Coupa a couple of years ago, have you been able to shift those budgets because you're able to demonstrate the value that that advocacy piece generates with the flywheel? >> Absolutely and I have a very progressive-thinking CEO who's partners with me on this too. So, we've been absolutely able to do that. In fact, what we're trying to do at the end of the day and most software companies, the real goal should be creating a tribe. In technology, you have to create a tribe to be a titan. And, it's just not about the capability, it's about the community. And, that's really what we're trying to do at Coupa is to create the tribal community feeling. So, if the community is bigger than the brand, it is about the community itself and learning, sharing, and growing with each other and being successful. And, we're just fostering that. So, from that perspective, if you look at this conference and the investment we're making here, some of the programs we're doing in terms of advocacy, what we call spend sellers, etc., is all about that community tribal feeling and go establish that. To use some inspiration from our consumer brands, if you really think about it, people don't buy what they want. People buy what they want to be. So, let me give you what I mean by that. What I want could be a bike. It could be any motorbike, but what I want to be could be part of a very special community and that's why Harley Davidson is successful. What I want could be any stationary bike today, but what I want to be is part of some cool community like Peloton. That's why Peloton is successful. So, similarly for us, what I want could be some spend management software, but what I want to be is part of this community, this cool club, and that's the feeling we're trying to create in the post-acquisition cycle. >> I love that you said that because you talked about that this morning and I loved how you had the word community on the slide and then broke that out into communication unity. And, one of the senses that I got yesterday when-- >> Chandar: Rob was talking about it. >> Yeah, when Rob kicked off everything is this is a very collaborative community. We think about that in terms in terms even like a developer community or something like that. But, Coupa is now managing $1.2 trillion of spend through the platform that every other business that's using Coupa gets to benefit from. It's customer-centric, it's supplier-centric, but it's about applying the right technologies, AI, machine learning, to all this data, so everybody benefits. >> That's right and one of the interesting aspects of community building is one aspect of community building is that Marc Benioff had a great, evangelistic marketing was a way of community building. He would come in and really evangelize and this is where we're going and you all need to come with us. When I was at Marketo, it was interesting. Community building was through more educational marketing and doing it through this, I'm going to educate you through though leadership. Another good way of community building is through product intelligence, which is community intelligence. So, collectively, the sum of all parts are smarter than the parts themselves. And, Rob has a great line, which says, "None of us is as smart as all of us." And, the fundamental community intelligence offering is based on this first principle. So, example, if I'm the community of Coupa customers, the next customer is smarter than the previous customer because the collective intelligence grew, which means I can then go benchmark it myself. I gave an example this morning of USO, the company that provides services to the United States troops. And, when Rick Quaintance at USO benchmarked himself using community intelligence, versus the rest of the community, he realizes that his invoice cycle times are seven times lower. So, that kind of intelligence is extremely beneficial and invaluable to companies. So, that's the value of the community, is providing the collective intelligence. Waze is a great consumer example. Those of us who use Waze for traffic know that it's all community driven and each one of us is smarter because we're collectively using it. It's the same concept in applying that to B2B software. >> So, as we see, you mentioned the over 80% of the buying decision is self-directed whether we're buying a car or Coupa software. Did Coupa foresee that in the last decade to see we're going to have to go to a more community-driven collaboration because the consumer of any thing, any product or service, is going to be so empowered 'cause that's a part of the Coupa foundation. >> It is. >> Lisa: Which, we don't see a lot in companies that are 10 plus years old. >> Yeah, and credit to Rob for his vision for this. It's because I think early part of the company, he wrote into the contracts that the company can benefit. Collectively, every company can benefit by being part of this community. And, the fact is data's aggregated, abstracted, there's no information that is sensitive, etc. But, the fact is we all can collectively benefit through it. That was a great vision of Rob and early people and that's benefited us because the benefit is really over scale and time. Now, your $1.2 trillion, it is really statistically significant in each different industry to get that intelligence. And, that is one of the other reasons we launched our business spend index. It's called spendindex.com. Where we can use the billions of dollars spent in the community to provide a leading indicator of economic growth based on current business spend sentiment. You think of ADP as this payroll, it's called ADP payroll thing that comes out and the gross domestic product report comes out. Those tend to be rear-view mirror lagging indicators. But, as we're using community-based intelligence to provide a windshield, a leading indicator of where the economy is going. So, there's so many different use cases. Benefiting based on spend you're doing as well as where the economy is going and all this is based on the intelligence. >> It's so powerful because, to your point, you're not looking behind. >> Chandar: It's the windshield. >> Exactly, able to be looking forward. So, with all the announcements and the great things that have come out with the AWS expansion, what you guys are doing with Coupa Pay. I was shocked to learn the percentages of businesses that are still writing paper checks. Or, the fact that a lot of companies have 10 plus banks that they're working with. There's still so much manual processes. You must just be, the future is so bright, you got to wear shades with Coupa. But, what excites you about what you guys have announced the last coupe of days and the feedback that you're hearing from your tribe? >> I think there's two kinds of things. One is continue to set the innovation agenda for the industry. And, really, you have to look at every customer on their unique journey of maturity and maturation, so we have a very thoughtful, what we call, maturity index, The business spend management index. Whereas, you are seeing some of these customers, for example, you mentioned, may be in the first stage of this maturity, where, for them, it's just getting automation and going from paper to paperless could be the first step. But, some other customers might say, "I've gotten there, "but I want to get the next level of sophistication "to orchestrate these business spend processes." So, what's exciting for us in the feedback is we're creating product capability across this maturation journey for our customers to make them successful at each of those places. And, Coupa Pay is one example of that. Whereas, some of the other pieces we talked about, we announced about some of the community offerings that we did also is on that. So, that's one exciting piece. The other exciting piece that customers tell us at this conference is, "Foster platforms for us "to engage with each other, learn from each other, "share from each other, and grow with each other." So, even stuff that Rob talked about, which is sourced together. This concept of customers coming together to drive a sourcing process and, again, the collective intelligence in the community, that, we're getting very, very positive feedback from that perspective. And, ultimately, Rob has a really good saying that, "It is not about customer satisfaction. "It is about customer success." That's a delineation there. A customer could be very satisfied with you, but they may not be necessarily successful. And, we say, it's not about satisfaction. It's about success. And, by creating this innovation cycle and then having a post-implementation process that's getting true value, that's truly how we drive customer success. >> And, something that I've heard over and over as I've talked to a number of your customers yesterday and today is how much they're feeling Coupa is listening. Their feedback is being incorporated. They're actually influencing the development of the technology and that was loud and clear the last two days. >> Yeah, I think there is, Rob talked about the number of features that are being influenced by the community and we have these-- >> 300 plus in the last 12 months. >> Yes, 300 plus in the last 12 months. And, there's this concept of two ears, one mouth. And, listen, learn, and innovate and that's the philosophy here. But, it's a right mix of listening to customers, learning from them, and getting the right input from them for driving innovation, as well as having strategic vision on where this market is going and having the right mix of those to provide the capability to customers. >> Wow, you're on a rocket ship. Chandar, it was great to have you on theCUBE. You'll have to come back. >> Yes, Lisa, absolutely, I'll come back and it was a pleasure being here. Awesome. >> Awesome, thank you so much. For Chandar, I'm Lisa Martin and you're watching theCUBE from Coupa Inspire '19. Thanks for watching. (techno music)
SUMMARY :
Brought to you by Coupa. it's Chandar, the CMO of Coupa. This is a really cool event. I loved how the last two days, what you guys to get the flywheel effect of first you drive awareness. that the stairway to marketing heaven. in terms of driving the right advocacy across all channels. 'Cause it's one thing to have on your And, if you take the same thing and extend it and the flywheel will pay off for you over time Why is it that you see these marketing budgets What gets measured gets funding at the end of the day. of the funnel and that's where product marketing comes in. And, that's why you have to balance the boat And, it's just not about the capability, And, one of the senses that I got yesterday when-- but it's about applying the right technologies, and doing it through this, I'm going to educate you Did Coupa foresee that in the last decade that are 10 plus years old. in the community to provide a leading indicator It's so powerful because, to your point, and the feedback that you're hearing from your tribe? And, really, you have to look at every customer of the technology and that was loud and that's the philosophy here. Chandar, it was great to have you on theCUBE. and it was a pleasure being here. and you're watching theCUBE from Coupa Inspire '19.
SENTIMENT ANALYSIS :
ENTITIES
Entity | Category | Confidence |
---|---|---|
Marc Benioff | PERSON | 0.99+ |
Lisa Martin | PERSON | 0.99+ |
Rick Quaintance | PERSON | 0.99+ |
Rob | PERSON | 0.99+ |
Lisa | PERSON | 0.99+ |
USO | ORGANIZATION | 0.99+ |
Chandar | PERSON | 0.99+ |
Procter & Gamble | ORGANIZATION | 0.99+ |
Suzy Irwin | PERSON | 0.99+ |
Golden State Warriors | ORGANIZATION | 0.99+ |
$1.2 trillion | QUANTITY | 0.99+ |
87% | QUANTITY | 0.99+ |
85% | QUANTITY | 0.99+ |
Bono | PERSON | 0.99+ |
10 plus banks | QUANTITY | 0.99+ |
Harley Davidson | ORGANIZATION | 0.99+ |
today | DATE | 0.99+ |
Sting | PERSON | 0.99+ |
Glassdoor | ORGANIZATION | 0.99+ |
Vegas | LOCATION | 0.99+ |
AWS | ORGANIZATION | 0.99+ |
Today | DATE | 0.99+ |
one | QUANTITY | 0.99+ |
yesterday | DATE | 0.99+ |
Coupa | ORGANIZATION | 0.99+ |
two ears | QUANTITY | 0.99+ |
One | QUANTITY | 0.99+ |
G2 Crowd | ORGANIZATION | 0.99+ |
Forrester | ORGANIZATION | 0.99+ |
TrustRadius | ORGANIZATION | 0.99+ |
each | QUANTITY | 0.99+ |
two kinds | QUANTITY | 0.99+ |
Lukemia & Lymphoma Society | ORGANIZATION | 0.99+ |
60 | QUANTITY | 0.99+ |
first step | QUANTITY | 0.99+ |
two things | QUANTITY | 0.98+ |
Marketo | ORGANIZATION | 0.98+ |
13% | QUANTITY | 0.98+ |
United States | LOCATION | 0.98+ |
first principle | QUANTITY | 0.98+ |
80 | QUANTITY | 0.98+ |
Chandar Pattabhiram | PERSON | 0.97+ |
Waze | TITLE | 0.97+ |
B2B | ORGANIZATION | 0.97+ |
one mouth | QUANTITY | 0.97+ |
two | QUANTITY | 0.97+ |
first | QUANTITY | 0.97+ |
Las Vegas, Nevada | LOCATION | 0.96+ |
both | QUANTITY | 0.96+ |
ADP | ORGANIZATION | 0.96+ |
one exciting piece | QUANTITY | 0.96+ |
300 plus | QUANTITY | 0.96+ |
over 80% | QUANTITY | 0.96+ |
five | QUANTITY | 0.96+ |
billions of dollars | QUANTITY | 0.96+ |
this morning | DATE | 0.95+ |
each one | QUANTITY | 0.94+ |
seven times | QUANTITY | 0.94+ |
one example | QUANTITY | 0.94+ |
Coupa Inspire | ORGANIZATION | 0.93+ |
one thing | QUANTITY | 0.93+ |