Rick Clark, Veritas | AWS re:Invent 2022
>>Hey everyone, and welcome back to The Cube's live coverage of AWS Reinvented 2022 Live from the Venetian Expo in Las Vegas. We're happy to be back. This is first full day of coverage over here last night. We've got three full days of coverage in addition to last night, and there's about 50,000 people here. This event is ready, people are ready to be back, which is so exciting. Lisa Martin here with Paul Gill and Paul, it's great to be back in person. Great to be hosting with you >>And likewise with you, Lisa. I think the first time we hosted again, >>It is our first time exactly. >>And we come here to the biggest event that the cube ever does during the year. >>It's the Super Bowl of the >>Cube. It's it's elbow to elbow out there. It's, it's, it's full tackle football, totally on the, on the floor of reinvent. And very exciting. This, you know, I've been to a lot of conferences going back 40 years, long as I can remember. Been going to tech conferences. This one, the, the intensity, the excitement around this is really unusual. People are jazzed, they're excited to be here, and that's great to see, particularly coming back from two years of isolation. >>Absolutely. The energy is so palpable. Even yesterday, evening, afternoon when I was walking in, you just feel it with all the people here. You know, we talk to so many different companies on the Q Paul. Every company these days has to be a data company. The most important thing about data is making sure that it's backed up and it's protected, that it's secure, that it can be recovered if anything happens. So we're gonna be having a great conversation next about data resiliency with one of our alumni. >>And that would be Rick Scott, Rick, excuse me, Rick Scott, >>Rick Clark. Rick Clark, say Rick Scott, cloud sales Veritas. Rick, welcome back >>To the program. Thank you. Thank you so much. It's a pleasure being here, you know, thank you so much. You're definitely very excited to myself and 40,000 of my closest cousins and friends all in one place. Yep. Or I could possibly go wrong, right? So >>Yeah, absolutely nothing. So, Rick, so Veritas has made some exciting announcements. Talk to us about some of the new things that you've >>Unveiled. Yeah, we've been, we've been incredibly busy and, you know, the journey that we've been on, one of the big announcement that we made about three or four weeks ago is the introduction, really, of a brand new cloud native data management platform that we call Veritas Alta. And this is a journey that we've been on for the better part of seven years. We actually started it with our, our flex appliances. We continued, that was a containerization of our traditional net backup business in, into a highly secured appliance that was loved by our customers. And we continued that theme and that investment into what we call a scale out and scale up form factor appliance as well, what we called flex scale. And then we continued on that investment theme, basically spending over a billion dollars over that seven year journey in our cloud native. And we call that basically the Veritas altar platform with our cloud native platform. And I think if you really look at what that is, it truly is a data management platform. And I emphasize the term cloud native. And so our traditional technologies around data protection, obviously application resiliency and digital compliance or data compliance and governance. We are the only, the first and only company in the world to provide really a cloud optimized, cloud native platform, really, that addresses that. So it's been fun, it's been a fun journey. >>Talk a little bit about the customer experience. I see over 85% of the Fortune 100 trust Veritas with their data management. That's >>A big number. Yeah. Yeah. It's, it is incredible actually. And it really comes back to the Veritas older platform. We sort of built that with, with four tenants in mind, all driving back to this very similar to AWS's customer obsession. Everything we do each and every day of our waiting moments is a Veritas employee is really surrounds the customer. So it starts with the customer experience on how do they find us to, how do they procure our solutions through things like AWS marketplace and how do they deploy it? And the second thing is around really cost optimization, as we know, you know, to, to say that companies are going through a digital transformation and moving workloads to the cloud. I mean, I've got customers that literally were 20% in cloud a year ago and 80% a year later, we've never seen that kind of velocity. >>And so we've doubled down on this notion of cost optimization. You can only do that with these huge investments that I talked about. And so we're a very profitable company. We've been around, got a great heritage of over 30 years, and we've really taken those investments in r and d to provide that sort of cloud native technology to ultimately make it elastic. And so everything from will spin up and spin down services to optimize the cloud bill for our customers, but we'll also provide the greatest workload support. You know, obviously on-prem workloads are very different from cloud workloads and it's almost like turning the clock back 20 years to see all of those new systems. There's no standard API like s and MP on the network. And so we have to talk to every single PAs service, every single DB PAs, and we capture that information and protect it. So it's really has been a phenomenal journey. It's been great. >>You said this, that that al represents a shift from clouds from flex scale to cloud native. What is the difference there? >>The, the main difference really is we took, you know, obviously our traditional product that you've known for many media years, net backup. It's got, you know, tens of millions of lines of code in that. And we knew if we lifted and shifted it up into the cloud, into an I AEs infrastructure, it's just not, it obviously would perform extremely well, but it wasn't cost optimized for our customer. It was too expensive to to run. And so what we did is we rewrote with microservices and containerization, Kubernetes huge parts of that particular product to really optimize it for the cloud. And not only have we done it for that technology, what we now call alter data protection, but we've done it across our entire port portfolio. That was really the main change that we made as part of this particular transition. And >>What have you done to prepare customers for that shift? Is this gonna be a, a drop in simple upgrade for them? >>Absolutely. Yeah. In fact, one of the things that we introduced is we, we invest still very heavily with regards to our OnPrem solutions. We're certainly not abandoning, we're still innovating. There's a lot of data still OnPrem that needs to move to the cloud. And so we have a unique advantage of all of the different workload supports that we provide OnPrem. We continue that expansion into the cloud. So we, we create it as part of the Veritas AL Vision, a technology, we call it AL view. So it's a single painter glass across both OnPrem and cloud for our customers. And so now they can actually see all of their data protection, all our application availability, single collect, all through that single unified interface, which is really game changing in the industry for us. >>It's game changing for customers too, because customers have what generally six to seven different backup technologies in their environment that they're having to individually manage and provision. So the, the workforce productivity improvements I can imagine are, are huge with Veritas. >>Yeah. You you nailed it, right? You must have seen my script, but Absolutely. I mean, I look at the analogy of, you think about the airlines, what's one of the first things airlines do with efficiency? South Southwest Airlines was the best example, a standardized on the 7 37, right? And so all of their pilots, all of their mechanics, all know how to operate the 7 37. So we are doing the same thing with enterprise data protection. So whether you're OnPrem at the edge or in the cloud or even multi-cloud, we can provide that single painter glass. We've done it for our customers for 30 plus years. We'll continue to do it for another 30 something years. And so it's really the first time with Veritas altar that, that we're, we're coming out with something that we've invested for so long and put, put such a huge investment on that can create those changes and that compelling solution for our customers. So as you can see, we're pretty pumped and excited about it. >>Yes, I can >>Use the term data management to describe Alta, and I want to ask about that term because I hear it a lot these days. Data management used to be database, now data management is being applied to all kinds of different functions across the spectrum. How do you define data management in Veritas >>Perspective? Yeah, there's a, we, we see it as really three main pillars across the environment. So one is protection, and we'll talk a little bit about this notion of ransomware is probably the number one use case. So the ability to take the most complex and the biggest, most vast applications. SAP is an example with hundreds of different moving parts to it and being able to protect that. The second is application resiliency. If, if you look at the cloud, there's this notion of, of responsibility, shared responsibility in the cloud. You've heard it, right? Yep. Every single one of the cloud service providers, certainly AWS has up on their website, this is what we protect, here's the demarcation line, the line in the sand, and you, the customer are responsible for that other level. And so we've had a technology, you previously knew it as InfoScale, we now call it alter application resiliency. >>And it can provide availability zone to availability zone, real time replication, high availability of your mission critical applications, right? So not only do we do the traditional backups, but we can also provide application resiliency for mission critical. And then the third thing really from a data management standpoint is all around governance and compliance. You know, ac a lot of our customers need to keep data for five, 10 years or forever. They're audited. There's regulations and different geographies around the world. And, and those regulations require them to be able to really take control of their cloud, take control of their data. And so we have a whole portfolio of solutions under that data compliance, data government. So back to your, your question Paul, it's really the integration and the intersection of those three main pillars. We're not a one trick pony. We've been at this for a long time, and they're not just new products that we invented a couple of months ago and brought to market. They're tried and tested with eight 80,000 customers and the most complex early solutions on the planet that we've been supporting. >>I gotta ask you, you know, we talked about those three pillars and you talked about the shared responsibility model. And think of that where you mentioned aws, Salesforce, Microsoft 365, Google workspace, whatnot. Are you finding that most customers aren't aware of that and haven't been protecting those workloads and then come to you and saying, Hey guys, guess what, this is what this is what they're responsible for. The data is >>You Yeah, I, it's, it's our probably biggest challenge is, is one of awareness, you know, with the cloud, I mean, how many times have you spoken to someone? You just put it in the cloud. Your applications, like the cloud providers like aws, they'll protect everything. Nothing will ever go down. And it's kind like if you, unless your house was ever broken into, you're probably not gonna install that burglar alarm or that fire alarm, right? Hopefully that won't be an event that you guys have to suffer through. So yeah, it's definitely, it wasn't till the last year or so the cloud service providers really published jointly as to where is their responsibility, right? So a great example is an attack vector for a lot of corporations is their SAS applications. So, you know, whether it it's your traditional SA applications that is available that's available on the web to their customers as a sas. >>And so it's certainly available to the bad actors. They're gonna, where there's, there's gonna be a point they're gonna try to get in. And so no matter what your resiliency plan is, at the end of the day, you really need to protect it. And protection isn't just, for example, with M 365 having a snapshot or a recycle bin, that's just not good enough. And so we actually have some pretty compelling technology, what we call ALTA SAS protection, which covers the, pretty much the, the gamut of the major SAS technologies to protect those and make it available for our customers. So yeah, certainly it's a big part of it is awareness. Yeah. >>Well, I understand that the shared responsibility model, I, I realize there's a lot of confusion about that still, but in the SaaS world that's somewhat different. The responsibility of the SaaS provider for protecting data is somewhat different. How, how should, what should customers know about that? >>I think, you know, the, the related to that, if, if you look at OnPrem, you know, approximately 35 to 40% of OnPrem enterprise data is protected. It's kind of in a long traditional problem. Everyone's aware of it. You know, I remember going to a presentation from IBM 20 something years ago, and someone held their push hand up in the room about the dis drives and says, you need to back it up. And the IBM sales guy said, no, IBM dis drives never crash. Right? And so fast forward to here we are today, things have changed. So we're going through almost a similar sort of changes and culture in the cloud. 8% of the data in the cloud is protected today, 8%. That's incredible. Meaning >>That there is independent backup devoted >>To that data in some cases, not at all. And something many cases, the customer just assumes that it's in the cloud, therefore it's always available. I never have to worry about protecting it, right? And so that's a big problem that we're obviously trying to, trying to solve. And we do that all under the umbrella of ransomware. That's a huge theme, huge investment that, that Veritas does with regards to providing that resiliency for our >>Customers. Ransomware is scary. It is becoming so prolific. The bad actors have access to technologies. Obviously companies are fighting them, but now ransomware has evolved into, no longer are we gonna get hit, it's when, yeah, it's how often it's what's the damage going to be. So the ability to help customers recover from ransomware, that resiliency is table stakes for businesses in any industry these days. Does that, that one of the primary pain points that your customers are coming to you with? >>It's the number one pain point. Yeah, it's, it's incredible. I mean, there's not a single briefing that our teams are doing customer meetings where that term ransomware doesn't come up as, as their number one use case. Just to give you something, a couple of statistics. There's a ransomware attack attack that happens 11 times a second right around the globe. And this isn't just, you know, minor stuff, right? I've got friends that are, you know, executives of large company that have been hit that have that some, you know, multimillion dollar ransom attack. So our, our play on this is, when you think about it, is data protection is the last line of defense. Yes. And so if they break through, it's not a case, Lisa, as you mentioned, if it's a case of when Yeah. And so it's gonna happen. So one of the most important things is knowing how do you know you have a gold copy, a clean copy, and you can recover at speed in some cases. >>We're talking about tens of thousands of systems to do that at speed. That's in our dna. We've been doing it for many, many years. And we spoke through a lot of the cyber insurance companies on this particular topic as well. And what really came back from that is that they're actually now demanding things like immutable storage, malware detection, air gaping, right? Anomaly detection is sort of core technologies tick the box that they literally won't ensure you unless you have those core components. And so what we've done is we've doubled down on that investment. We use AI in ML technologies, particularly around the anomaly detection. One of the, the, the unique and ne differentiators that Verto provides is a ransomware resiliency scorecard. Imagine the ability to save uran a corporation. We can come in and run our analytics on your environment and kind of give you a grade, right? Wouldn't you prefer that than waiting for the event to take place to see where your vulnerability really is? And so these are some of the advantages that we can actually provide for our customers, really, really >>To help. Just a final quick question. There is a, a common perception, I believe that ransomware is an on premise problem. In fact, it is also a cloud problem. Is that not right? >>Oh, absolutely. I I think that probably the biggest attack vector is in the cloud. If it's, if it's OnPrem, you've certainly got a certain line of defense that's trying to break through. But, you know, you're in the open world there. Obviously with SAS applications in the cloud, it's not a case of if, but when, and it's, and it's gonna continue to get, you know, more and more prevalent within corporations. There's always gonna be those attack factors that they find the, the flash wounds that they can attack to break through. What we are concentrating on is that resiliency, that ability for customers to recover at speed. We've done that with our traditional appliances from our heritage OnPrem. We continue to do that with regard to resiliency at speed with our customers in the cloud, with partners like aws >>For sure. Almost done. Give me your 30 seconds on AWS and Veritas. >>We've had a partnership for the better part of 10 years. It's incredible when you think about aws, where they released the elastic compute back in 2006, right? We've been delivering data protection, a data management solutions for, for the better part of 30 years, right? So, so we're, we're Junos in our space. We're the leader in, in data protection and enterprise data protection. We were on-prem. We, we continue to be in the cloud as AWS was with the cloud service provided. So the synergies are incredible. About 80 to 85% of our, our joint customers are the same. We take core unique superpowers of aws, like AWS outposts and AWS Glacier Instant retrieval, for example, those core technologies and incorporate them into our products as we go to Mark. And so we released a core technology a few months ago, we call it ultra recovery vault. And it's an air gap, a mutable storage, worm storage, right Once, right? You can't change it even when the bad actors try to get in. They're independent from the customer's tenant and aws. So we manage it as a managed backup service for our customers. Got it. And so our customers are using that to really help them with their ransomware. So it's been a tremendous partnership with AWS >>Standing 10 years of accounting. Last question for you, Rick. You got a billboard on the 1 0 1 in Santa Clara, right? By the fancy Verto >>1 0 1? >>Yeah. Right. Well, there's no traffic. What does that billboard say? What's that bumper sticker about? Vertus, >>I think, I think the billboard would say, welcome to the new Veritas. This is not your grandfather's old mobile. We've done a phenomenal job in, in the last, particularly the last three or four years, to really reinvent ourselves in the cloud and the investments that we made are really paying off for our customers today. So I'm excited to be part of this journey and excited to talk to you guys today. >>Love it. Not your grandfather's Veritas. Rick, thank you so much for joining Paula, me on the forgot talking about what you guys are doing, how you're helping customers, really established that cyber of resiliency, which is absolutely critical these days. We appreciate your >>Time. My pleasure. Thank you so much. >>All right, for our guest and Paul Gilland, I'm Lisa Martin, you're watching the Queue, which as you know is the leader in live enterprise and emerging check coverage.
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Great to be hosting with you And likewise with you, Lisa. you know, I've been to a lot of conferences going back 40 years, long as I can remember. many different companies on the Q Paul. Rick, welcome back It's a pleasure being here, you know, thank you so much. Talk to us about some of the new things that you've And I emphasize the term cloud native. Talk a little bit about the customer experience. And it really comes back to the Veritas older platform. And so we have What is the difference there? The, the main difference really is we took, you know, obviously our traditional product that you've known for many media And so we have a unique advantage of all of the different workload supports that we backup technologies in their environment that they're having to individually manage and provision. And so it's really the first time with Use the term data management to describe Alta, and I want to ask about that term because I hear it a lot these So the ability to take the most complex and the biggest, And so we have a whole portfolio of solutions under that data And think of that where you mentioned aws, Salesforce, Microsoft 365, that is available that's available on the web to their customers as a sas. And so it's certainly available to the bad actors. that still, but in the SaaS world that's somewhat different. And so fast forward to here we are today, And something many cases, the customer just assumes that it's in So the ability to help customers recover from ransomware, So one of the most important things is knowing how do you know you have a gold copy, And so these are some of the advantages that we can actually provide for our customers, really, I believe that ransomware is an on premise problem. it's not a case of if, but when, and it's, and it's gonna continue to get, you know, Give me your 30 seconds on AWS and Veritas. And so we released a core technology a You got a billboard on the 1 0 1 in What does that billboard say? the investments that we made are really paying off for our customers today. Rick, thank you so much for joining Paula, me on the forgot talking about what you guys are doing, Thank you so much. which as you know is the leader in live enterprise and emerging check coverage.
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Darren Roos, IFS | IFS Unleashed 2022
(calm music) >> Good morning from Miami. Lisa Martin here, live with The Cube, on the floor of IFS Unleashed. We are thrilled to be back with them after not seeing them for three years, of course, of obvious problems. But I'm very happy to be welcoming back one of our Cube alumni and the CEO of IFS, Darren Roos. Darren, it's great to have you back on The Cube. >> Thank you, Lisa. It's great to be here. >> I was telling you before we started, it must have felt amazing, exhilarating this morning, walking out on stage, seeing that sea of people, of live bodies, and actually getting to engage with your customers and your ecosystem in person again. >> Yeah, it's great. You know, I think we've all dealt with all of the challenges that Covid have brought and I think just going back to something that feels very normal and, you know, getting to interact with people again at this scale is really unique and a great feeling to be back, back in the throes of normality. >> Exactly. In the throes of normality. Well, so much has changed since The Cube last caught up with you. I think it was 2019 in Boston. Talk to me about some of the specific things that you've learned during the pandemic that IFS has done 'cause there's a lot of momentum which we're going to uncover on the show today. >> Yeah. Look, I think when we met last in 2019, the focus then was really on building out our Field Service Management offering. We'd always been a contender in the ERP space and with some asset management capability, but the focus was really on establishing ourselves as a leader in the field service management space. And today we are the undisputed leader in field service managements, both from an analyst and customer recognition perspective and what we've also done is we've really focused on building out that asset management capability and, you know, today, again, we're the number one player in asset management. And when you think about how you bring those two things together and the way that asset and service-centric entities have to orchestrate their organizations to create what we call amazing moments of service for their customers, then you need a technology platform that can provide all of that and we do that, really best-of-breed capability across field service management, asset management and components of ERP, but on a single platform. So customers don't have to deal with the integration complexity that they would in a more heterogeneous environment. >> Which is critical for getting time-to-market, product-to-market services, new revenue streams, et cetera. But you're also the top three ERP vendor. One of the top three. >> Yeah, we're one of the top three ERP vendors. You're growing north of 20%, way more than the big guys. How are you doing it and and where do you win? >> Yeah, you know, I think, for so long, customers have had to choose, as I said, between this best-of-breed and best-of-suite and making compromises either on functionality or on integration and I think that, you know, we are very focused from an industry perspective. As I said, just now, we only focus on capabilities and in service and asset-centric industries, think utilities, aerospace and defense, et cetera and in that space, you know, we have a very compelling proposition, as you said. We can help customers go live faster. We can de-risk those implementations 'cause we have more depth of functionality that's suited specifically to their needs and that makes it compelling and that means that, in a world where we're competing against vendors who are very much horizontally-focused and that best-of-suite offering that they have means that the functionality's compromised or in a best-of-suite, best-of-breed world, that the integration is compromised. That's why we're winning and that's why we're outgrowing the competition and, you know, I think we, we just stay focused. We stay in our niche, we stay focused on our customers and creating value and, you know, that's our reason for being. >> So north of 10,000 customers so far. Has IFS always been vertically-focused or is that something that's come on in the last few years, maybe since you were tenured. >> Yeah, in the last five years we've really homed in on those assets and service-centric verticals and it's important, because when you think about what we do from a development perspective, you know, as we build the technology and we think about those emerging use cases around, you know, asset investment planning or asset performance management or asset monitoring or all of the things that our customers are thinking about, IOT, AI, augmented reality, all of which we're showcasing at the conference, you know, you want to do that with a very specific use case in mind because I've talked a little bit about field service management and asset management but none of our customers consume technology in that way. You know, if they're in oil and gas, then they're thinking about shutdown and turnaround and they're thinking about plant maintenance, they're thinking about specific use cases that are industry focused and that's how we build the technology. So, you know, I think that's the differentiator for us and, you know, there's a bunch of customers here and, you know, you'll see all of the, you know, the solar arrays and the wind farms and all the different things where we're demoing the capability that we have that is very industry focused. >> The industry focus is so, like you said, very differentiating, but also it's not just, "We're going where customers are." It's, "We're listening "and we're actually speaking the language "that our customers speak." That's differentiating from the many, many hundreds of tech leaders that I talk to, just so you know. >> A hundred percent. Well, look, I think the thing is, is that what we recognize, is that for us to be able to really create value for them in the specific vertical that they're in, it can't be that we stick a marketing label on it. And that industry flavor has to be ubiquitous from, you know, when we meet them and we're able to understand the problems that they're facing through to the way that we build the technology to address the problems, all the way through to the partners that we're working with who are then going to deliver that solution. They need to understand the industry and I think that, you know, it's a not a particularly level playing field because so many of our competition don't operate that way. They have a horizontal application, they have horizontal partners, and then a lot of the rest is marketing blurb. But, you know, I think the customers that we have here today are great, global, international brands. You know, we told some of the stories from the stage this morning, with companies like Southwest and the MRO solution that we delivered for them and we're immensely proud of that. And, you know, our focus is on just telling more of those stories and creating more of those stories and being able to point towards tangible value that our technology's created in record time. You know, that's the focus. >> Right. It's all about the business outcomes. We've got sitting across from our set here is the Aston Martin F1 car. Darren and I were talking before, we're both big F1 fans. I love hearing the smart factory from an F1 team's perspective, or hearing about aerospace and defense customers because you get to understand the commonalities of these businesses and how similar they are to other industries. They have some of the same huge challenges but getting a race car built between now and February of 23 for the next race season, the amount of manufacturing that has to go on, smart manufacturing, and knowing that IFS is really underpinning that, is fantastic. >> Well, it's more complex than that even, because they're not building a new car by February, you know, they're rebuilding the car every week and, you know, it's that kind of attention to detail and the speed and sense of urgency that is a great opportunity for us to showcase the technology and that's why we love the relationship with Aston Martin Racing, but, you know, being able to then leverage the learnings from that environment, which is super high paced and the cycle times are so much quicker, into, you know, industries which maybe don't move as fast, but are, you know, perhaps more mission critical, you know, like an airline or, you know, something equivalent to that. >> Well, if we think about the industries that that you're focused on, so many of them were the hardest hit during the last couple of years, where they're really arterial industries and IFS has really been focused on helping these folks transform digitally. Talk to me about IFS as really a catalyst of those companies' digital transformations. >> You know, interestingly, we, didn't see a ton of impact during Covid to our business but that's because, as you say, that they were hit but hits almost in a positive way because they were the ones that kept things going. You know, think about our customers like telcos or utilities or, you know, unfortunately our aerospace and defense customers, commercial aviation aside, but we have a bunch of defense organizations that are customers and, you know, they've had to keep going and what we've really focused on and it continues to be our focus, is how do we help those businesses to be more efficient? And this is increasing, especially with what's happening in the world today, is increasingly important to them. How do they drive operational efficiency? And I talked a lot about the power of IFS's capability on a single platform and how do we bring the orchestration of the different parts of their business, whether that's their customers, their assets and their people. How do you orchestrate those things in order to create operational efficiency and in IFS language, create those moments of service? And that's what we do, and because we are focused on creating those moments of service and we're helping those customers to be more efficient, you're helping them to drive loyalty and, you know, repeat business and increase value in their customers, you know, that's, we just became and become, more important to them. You know, it's not a system that they can turn off and go, you know, "We'll do without this for a while." You know, we're really underpinning that value creation for them. >> You're integral. You're mission-critical, really. Let's double click on the moments of service. I love that from a tagline perspective. It's also the title of your new book. Congratulations on the book by the way. Define that for the audience. I think they can get a sense of that but what is, and it's really IFS enabling its customers to deliver moments of service. Talk to me about that. >> You know, it's funny. As we were discussing it, it tends to get used as the moments of service that we provide for our customers but that's really not what it's about. Every industry, every business, when you talk to the CEOs of those businesses, they're thinking about how do they impact their customers. What are the things that they need to do? And every business, when you talk about this concept of a moment of service, every business has multiple moments of service and everything that we do is about helping those customers, irrespective of whether they are a utility and the service they're providing is a broadband service, or, sorry, a telco providing a broadband service, or a utility providing electricity. That customer flicks the switch and the power is there, or they, you know, they dial their phone and the phone call is there. That's one of the moments of service that they provide. It could be, you know, the engineer going in and activating that service and being able to let the customer know that they're arriving at a certain time and then that broadband being activated so that the customer can actually, you know, plan around their day. But those moments of service are what we enable and it does, it takes a tremendous amount for an organization to come together. We all, as a consumer, had an experience where, you know, we've had an expectation and we've been disappointed and that moment of service wasn't provided and almost in every single case it comes down to a fragmented selection of systems that weren't integrated, that weren't inter-operating. You know, the wrong technician shows up, he doesn't have the right equipment, he didn't know that your house, you know, didn't have a certain capability or piece of equipment in it and that's where it starts to fall down and that's the customer disappointment and that leaves the sour taste in their mouths. So everything that we've done, whether it's our customer satisfaction monitoring tool, Customable, or whether it's the asset management capability, the field service management, managing those techs, so that you get the right technician with the right parts, when they said they were going to be there. All of those things are really focused on those moments of service, and you know, as you said, what resonates with people is that everybody, as a consumer, you know, interacts with companies where they've been disappointed by a poor moment of service and they've had great moments of service. So it does resonate with everyone. >> It does, and I actually think moments of service, probably, in a hopefully post-pandemic world, are probably even more important, because I think one of the things, and you talked about this, we've all had these disappointing experiences in the last couple of years, that were magnified to some factor of X and I think patience has been in short supply. Probably not going to rubber band back. So being able to, through your technology, enable customers to deliver those moments of service that are critical to reducing churn, increasing revenue, turning revenue into recurring, is really a differentiator for your customers. It's an advantage for them. >> Well I think that, you know, the consumers, in general, are becoming more demanding. That's a trend that isn't going to change. Covid certainly accelerated that. That's one element and we think about kind of big macro trends that are impacting, you know, businesses today. The other thing is this big move towards servitization and we think about companies like Rolls Royce, who are a customer of ours, who, you know, they used to manufacture and sell engines that went on aeroplanes and other engines. And today they don't. They rent those by the hour. And at the point that you flip that dynamic from being, you know, making a product and selling it, to, you know, providing it as a service, the world changes completely because all of a sudden you have to think about, you know, "How well are we making these assets? "How are we going to monitor those assets? "How are we going to continue to service those assets?" And obviously longevity and quality becomes so much more important and your customer experience becomes so much more important because if they're not putting a big capital out there and they're just renting it from you, if you don't provide, you know, quality of service, then they'll simply go somewhere else, and our technology underpins those motions. So you've got these big trends of customer expectation going up and of course the servitization trend. >> Right. And we've actually got Rolls Royce's Nick Ward for Rolls Royce coming on the program later today, so we'll talk about the big pivot they've made and how IFS has really been transformative in that. Talk a little bit about, in our last few minutes, about supply chain. Obviously we know it's been quite a mess the last couple of years. I saw some research over the summer from IFS that said 66% of organizations are keeping more stock on hand, more organizations are increasing supplier numbers. How is IFS helping in that sense? >> Yeah, so I think it's all about visibility and I think if we can give customers visibility into their supply chains and their stock levels, their inventory, and of course, you know, what's required from a customer perspective, and again, it's this orchestration of different pieces, which in a heterogeneous non best-to-breed and suite world, means that customers maybe have to try and figure out how they're going to manage all those things across the different systems. In IFS it's all in one system. We give them visibility and control that they wouldn't ordinarily have and I think that's a huge point today when you know everybody's under pressure. You know, how much money you've got tied up in inventory. You know, what your supply chain cash levels look like is a huge challenge for businesses with increasing debt costs coming up now. So, you know, I think that being able to manage that more efficiently, having better visibility, being able to plan more effectively, so that you're, you know, if you're building up your stock supplies, it's because you need those stock and you know what order's coming and that's where, you know, having integrated capabilities is so important and that's what we provide. >> Visibility and control are absolutely critical. I know that energy is one of your vertical specialties. Talk to me a little bit about how you're helping customers in Ukraine from an energy perspective. Is IFS there helping organizations to navigate those headwinds? >> Yeah, so we're not in Ukraine. It's not a market that we operate in, but I think that what is, you know, ubiquitous now in the world, is energy crisis, given what's happening in Ukraine and I think that, as an industry, we see the utilities industry investing heavily in two areas. One is that continuity of service and being able to make sure that, again, it has predictability around what the requirements are and how they provide quality of supply and continuous supply, but the other thing is of course is, you've got this whole move towards sustainable energy and that's an area in which we are increasingly involved and again, like I said, you see a bunch of sustainable energy demos going on around here in being able to help companies make the transition as well as manage that new infrastructure and we've got a bunch of innovation around that coming in the next six months or so. >> Well, you're coming off a fantastic first half. We saw the results over the summer, ARR up 33%. I can only imagine the trajectory in second half. >> It is strong. >> Continuing to go up. >> We'll release our Q3 results soon and, in fact, all the numbers are improved on our half-year numbers, so really happy with that development. But it's, you know, it is a testament to our customers. It's a testament to the way in which they work with us to make sure that we can build differentiated capability and, you know, we continue to try and work with them and reciprocate that loyalty and, you know, that's our story. >> Synergy. Love it. Darren, thank you so much for coming on The Cube, sharing with us the great momentum that IFS has been having during your tenure, also during the pandemic, the great customer stories that really articulate your value. We appreciate your time and we look forward to unpacking more on the program today. >> Thank you Lisa. >> My pleasure. For Darren Roos, I'm Lisa Martin. You're watching The Cube live from Miami on the show floor of IFS Unleashed. Don't go away. My next guest joins me in just a minute. (calm music)
SUMMARY :
and the CEO of IFS, Darren Roos. Thank you, Lisa. and actually getting to and I think just going back to something of the specific things and the way that asset and One of the top three. and where do you win? and in that space, you know, come on in the last few years, and all the different things of tech leaders that I and I think that, you know, and knowing that IFS is and the speed and sense of urgency and IFS has really been focused and go, you know, "We'll do Define that for the audience. and that leaves the sour and you talked about this, and of course the servitization trend. and how IFS has really been and of course, you know, Visibility and control but I think that what is, you know, I can only imagine the and reciprocate that loyalty and we look forward to unpacking on the show floor of IFS Unleashed.
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Rachel Wolfson, CoinTelegraph | Monaco Crypto Summit 2022
(upbeat music) >> Okay, welcome back everyone to the Cube's live coverage in Monaco. I'm John Furrier, host of theCube. Monaco Crypto Summit is the event and there's a big conversation later at the yacht club with Prince Albert and everyone else will be there, and it'll be quite the scene. And Rachel Wolfson is here. She's with Cointelegraph. They're the media partner of the event, the official media partner of the Monaco Crypto Summit. She's also MCing the event on stage, presented by DigitalBits. Rachel, thanks for coming on. >> Thanks for having me, John. >> So I know you're busy, thanks for taking the time cause' you got to go jump back in and moderate, and keep things on track. This isn't an inaugural event. So DigitalBits has exploded on the scene. I just saw a thing on YouTube news around this soccer player in Rome, has DigitalBits logo on their jersey. They're a big to do cause everyone's popular and they got a couple teams. So real world, kind of, assets coming together, what's going on in the event that you're MCing? What's the focus? What's the agenda? What's some of the conversations like? >> Yeah, definitely. Well, it's a great event. It's my first time here in Monaco and I'm loving it. And I think that Monaco is really becoming the next crypto hotspot. Definitely in terms of Metaverse and Web3 innovation, I think that we're going to start seeing a lot of that here. That's what we're seeing today at the Summit. So a lot of the presentations that we're seeing are really focused on Web3 and NFT platforms, so for instance, obviously what DigitalBits is doing. We watched a video before the break on Ecosystem and the Metaverse that people can join and be a part of, in terms of real estate, but we're seeing a lot of innovation here today with that. I moderated a great panel with Britney Kaiser, Lauren Bissell, Taross, I'm blanking on his last name, but it was about blockchain and how governments are implementing blockchain. So that was also really interesting to hear about what the Ukrainian government is doing with blockchain. So there's kind of a mix, but I'd say that the overall theme is Web3 and NFTs. >> Yeah. Britney was mentioning some of that, how they're going to preserve buildings and artifacts, so that in case they're looted or destroyed, they can preserve them. >> Right. I think it's called the Heritage Fund. And I just think it's such an interesting use case in terms of how governments are using blockchain because the best use for blockchain in my opinion, is recording data, and having that data be permanent. And so when we can have artifacts in Ukraine recorded on the blockchain, you know by being scanned, it's really revolutionary. And I think that a lot of governments around the world are going to see that use case and say, "Oh wow, blockchain is a great technology for things like that." >> So DigitalBits had a press conference this morning and they talked about their exchange and some other things. Did you attend that press conference or did you get briefed on that? >> I did not attend the press conference. I was prepping for my MC role. >> So they got this exchange thing and then there's real interest from Prince Albert's foundations to bring this into Monaco. So Monaco's got this vibe, big time. >> Rachel: Right. There's a vibe (John chuckles) >> What does it all mean, when you're putting in your reporting? What do you see happening? >> So, I mean, I honestly haven't covered Monaco actually ever in my reporting. And John, you know I've been reporting since 2017, but the vibe that I'm getting just from this summit today is that Web3 and NFTs are going to be huge here. I'm speaking, I haven't... You know, there's a panel coming up about crypto regulations, and so we're going to talk a little bit about laws being passed here in Monaco in terms of Metaverse and digital identity. So I think that there are a few laws around that here that they're looking at, the government here is looking at to kind of add clarity for those topics. >> I had a couple guests on earlier. We were talking about the old days, a couple years ago. You mentioned 2017, so much has changed. >> Yes. >> You know, we had a up and down. 2018 was a good year, and then it kind of dived back and changed a little bit. Then NFTs brought it back up again, been a great hype cycle, but also movement. What's your take on the real progress that's been made? If you zoom out and look at the landscape, what's happened? >> Right. I mean, well, a lot has happened. When I first entered the space, I initially came in, I was interested in enterprise, blockchain and private networks being utilized by enterprises to record data. And then we saw public blockchains come in, like Ethereum and enterprises using them. And then we saw a mix. And now I feel like we're just seeing public blockchains and there's really... (John chuckles) But there's still our private blockchains. But today, I mean, we've gone from that in 2017 to right now, I think, you know, we're recently seeing a lot of these centralized exchanges kind of collapsing. What we've seen with Celsius, for instance, and people moving their crypto to hardware wallets. I think that the space is really undergoing a lot of transformation. It's really revolutionary, actually, to see the hardware wallet market is growing rapidly, and I think that that's going to continue to grow. I think centralized exchanges are still going to exist in custody crypto for enterprises and institutions, and you know, in individuals as well. But we are seeing a shift from centralized exchanges to hardware wallets. NFTs, although the space is, you know, not as big as it was a year ago, it's still quite relevant. But I think with the way the market is looking today, we're only seeing the top projects kind of lead the way now, versus all of the noise that we were seeing previously. So yeah, I think it's- >> So corrections, basically? >> Right. Exactly. Corrections. And I think it's necessary, right. It's very necessary. >> Yeah. It's interesting. You know, you mentioned the big players you got Bitcoin, Ethereum driving a lot. I remember interviewing the crypto kiddies when they first came out, it was kind of a first gen Ethereum, and then it just exploded from there. And I remember saying to myself, if the NFTs and the decentralized applications can have that scale, but then it felt like, okay, there was a lot of jocking for under the covers, under the hood, so to speak. And now you've got massive presence from all the VCs, and Jason Ho has like another crypto fund. I mean, >> Right. you can't go a day without another big crypto fund from you know, traditional venture capitalists. Meanwhile, you got investors who have made billions on crypto, they're investing. So you kind of got a diversity of investor base going on and different instruments. So the investor community's changing and evolving too. >> Right. >> How do you see that evolving? >> Well, it's a really good point you mentioned. So Cointelegraph research recently released a report showing that Web3 is the most sought after investment sector this year. So it was DeFi before, and Web3 is now leading the way over DeFi. And so we're seeing a lot of these venture capitalist funds as you mentioned, create funds allocated just to Web3 growth. And that's exactly what we're seeing, the vibe I'm getting from the Monaco Crypto Summit here today, this is all about Web3. It's all about NFT, it is all about the Metaverse. You know, this is really revolutionary. So I think we're definitely going to see that trend kind of, you know, conquer all of these other sectors that we're seeing in blockchain right now. >> Has Web3 become the coin term for Metaverse and NFTs? Or is that being globalized as all shifted, decentralized? What's the read on it? It seems to be like, kind of all inclusive but it tends to be more like NFT's the new thing and the young Gen Zs >> Yeah want something different than the Millennials and the Xs and the Boomers, who screwed everything up for everybody. >> Yeah. (John chuckles) No, I mean, it's a great question. So when I think of Web3, I categorize NFTs and the Metaverse in there. Obviously it's just, you know the new form of the internet. It's the way the internet is- >> Never fight fashion, as I always say, right? >> Right. Yeah. Right. (John chuckles) It's just decentralization. The fact that we can live in these virtual worlds and own our own assets through NFT, it's all decentralized. And in my opinion, that all falls under the category of Web3. >> Well, you're doing a great job MCing. Great to have you on theCube. >> Rachel: Thanks. I'd like to ask you a personal question if you don't mind. COVID's impacted us all with no events. When did you get back onto the events circuit? What's on your calendar? What have you been up to? >> Yeah, so gosh, with COVID, I think when COVID, you know, when it was actually really happening, (John chuckles) and it still is happening. But when it was, you know, >> John: Like, when it was >> impacting- shut down mode. >> Right. When we were shut down, there were virtual events. And then, I think it was late last year or early this year when the events started happening again. So most recently I was at NFT NYC. Before that, I was at Consensus, which was huge. >> Was that the one in Austin or Miami? >> In Austin. >> That's right, Austin. >> Right. Were you there? >> No, I missed it. >> Okay. It was a very high level, great event. >> Huge numbers, I heard. >> Yes. Massive turnout. (John chuckles) Tons of speakers. It was really informative. >> It feels like a festival. actually. >> It was. It was just like South by Southwest, except for crypto and blockchain. (John chuckles) And then coming up, gosh, there are a lot of events. I'll be at an event in Miami, it's an NFT event that's in a few months. I know that there's a summit happening, I think in Turkey that I may be at as well. >> You're on the road. You're traveling. You're doing a lot of hopping around. >> Yes I am. And there's a lot of events happening in Europe. I'm US-based, but I'm hoping to spend more time in Europe just so I can go to those events. But there's a lot happening. >> Yeah. Cool. What's the most important story people should be paying attention to in your mind? >> Wow. That's... (Rachel chuckles) That's a big question. It's a good question. I think most, you know, the transition that we're seeing now, so in terms of prices, I think people need to focus less on the price of Bitcoin and Ethereum and more on innovation that's happening. So for instance, Web3 innovation, what we're seeing here today, you know, innovation, isn't about prices, but it's more about like actually now is the time to build. >> Yeah. because the prices are a bit down. >> Yeah. I mean, as, you know, Lewis Hamilton's F1 driver had a quote, you know, "It takes a team. No matter who's in the driver's seat, it's a team." So community, Wayne Gretzky skates where the puck is going to be I think is much more what I'm hearing now, seeing what you're saying is that don't try to count the price trade of Bitcoin. This is an evolution. >> Right. >> And the dots are connecting. >> Exactly. And like I said, now is the time to build. What we're seeing with the project Britney mentioned, putting the heritage, you know, on the blockchain from Ukraine, like, that's a great use case for what we're seeing now. I want to see more of those real world use cases. >> Right. Well, Rachel, thanks for coming on theCube. I really appreciate it. Great to see you. >> Thanks, John. >> And thanks for coming out of your schedule. I know you're busy. >> Thanks. Now you get some lunchtime now and get some break. >> Yeah. Get back on stage. Thanks for coming on. >> Rachel: Thank you. >> All right. We're here at the Monaco Crypto Summit. Rachel's MCing the event as part of the official media partner, Cointelegraph. Rachel Wolfson here on theCube. I'm John Furrier. More coverage coming after this short break. >> Thank you. (upbeat music)
SUMMARY :
and it'll be quite the scene. So DigitalBits has exploded on the scene. So a lot of the presentations how they're going to preserve And I just think it's such or did you get briefed on that? I did not attend the press conference. and then there's real interest Rachel: Right. but the vibe that I'm getting I had a couple guests on earlier. the landscape, what's happened? NFTs, although the space is, you know, And I think it's necessary, right. I remember interviewing the crypto kiddies So the investor community's and Web3 is now leading the way over DeFi. the Xs and the Boomers, It's the way the internet is- And in my opinion, Great to have you on theCube. I'd like to ask you But when it was, you know, And then, I think it was late last year Were you there? It was a very high level, great event. It was really informative. It feels like a festival. I know that there's a summit happening, You're on the road. just so I can go to those events. What's the most important story now is the time to build. because the prices the puck is going to be putting the heritage, you know, Great to see you. I know you're busy. Now you get some lunchtime Get back on stage. We're here at the Monaco Crypto Summit. Thank you.
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Sandy Carter, Unstoppable Domains, announces Women of Web3 | WoW3
(upbeat music) >> Hello, everyone welcome to theCube special presentation of the Unstoppable Domains partner showcase. I'm John Furrier, your host of theCube. We have here, Cube alumni, Sandy Carter, SVP and channel chief of Unstoppable Domains. Sandy, great to see you. Congratulations on your new assignment. Exciting new company, and thanks for coming on for the showcase. >> Well, thank you, John. It's so fun to always be here with you through all my companies, it's really great. Thanks for having me. >> Well, it's been pretty amazing what's going on in the world right now. We just had the past Super Bowl which is the biggest event in the world around advertising, a lot of Web 3.0, crypto, blockchain, decentralized applications. It's here, it's mainstream. We've talked off camera many times around the shifts in technology, cloud computing. We're now with Web 3.0 and some are even saying Web 4.0. (Sandy laughs) A lot of technology programmers, people who are building new things are all in the Web 3.0 world. It's really going mainstream. So what's your view on that? I see you're in it too. You're leading it. >> I am in it too. And it's so exciting to be at the verge of the next technology trend that's out there. And I'm really excited about this one, John because this is all about ownership. It's about members not users. It's quite fascinating to be honest. >> What is Web 3.0? What is Web 3.0? Define it for us 'cause you have a good knack for putting things in the perspective. People want to know what does this Web 3.0? What does it mean? >> Okay, great. That's a great question. In fact, I have just a couple of slides because I'm a visual learner. So I don't know if you guys could pop up just a couple of slides for us. So first to me, Web 3.0 is really all about this area of ownership and that's whether it's in gaming or art or even business applications today. In fact, let me show you an example. If you go to the next slide, you will see like with Twitter, and John, you and I were there, I was the first person to onstage announce that we were going to do tweets during a major event. And of course I started on Twitter back in 2008, pretty early on. And now the valuation of Twitter is going up, I got a lot of value and I helped to attract a lot of those early users. But my value was really based on the people, building my network, not based on that monetary valuation. So I really wasn't an owner. I was a user of Twitter and helped Twitter to grow. Now, if you go with me to the next slide you'll see just a little bit more about what we're talking about here and I know this is one of your favorites. So Web 1.0 was about discovery. We discovered a lot of information. Web 2.0 was about reading the information but also contributing with that two-way dialogue with social but Web 3.0 is now all about membership, not being a user but being a member and therefore having an ownership stake in the power of what's coming. And I think this is a big differential, John, if I had to just nail one thing. This would be the big differential. >> That's awesome. And I love that slide because it goes to the progression. Most people think of web 1.0 data, the worldwide web, web pages, browsers, search engines, Web 2.0, better interfaces. You got mobile, you got social networks. And then it got messy, bots and misinformation, users of the product being used by the companies. So clearly Web 3.0 is changing all that and I think the ownership thing is interesting because you think about it, we should own our data. We should have a data wallet. We should have all that stored. So this is really at the heart of what you guys are doing. So I think that's a great way to put it. I would ask you what's your impression when people you talk to in the mainstream industry that aren't in Web 3.0 that are coming in, what's their reaction? What do they think? What do they see? >> Well, a lot of what I see from Web 2.0 folks is that they don't understand it, first of all. They're not sure about it. And I always like to say that we're in the early days of Web 3.0. So we're in that dial up phase. What was that? Was that AOL? Remember that little that they used to make? >> (laughs) You've got mail. >> Yeah, you've got mail. That's right. That's where we are today with Web 3.0. And so it is early days and I think people are looking for something they can hang their hat on. And so one of the things that we've been working on are what would be the elements of Web 3.0? And if you could take me to one more slide and this will be my last slide, but again, I'm a very visual person. I think there are really five basic assumptions that Web 3.0 really hangs its hat on. The first is decentralization, or I say at least partially decentralized because today we're building on Web 2.0 technology and that is okay. Number two is that digital identity. That identity you just talked about, John where you take your identity with you. You don't have identity for Twitter, an identity for LinkedIn, an identity for a game. I can take my identity today, play a game with it, bank with it, now move on to a Metaverse with it, the same identity. The other thing we like to say is it's built on blockchain and we know that blockchain is still making a lot of improvements but it's getting better and better and better. It's trustless, meaning there's no in between party. You're going direct, user, member to institution, if you would. So there's no bank in between, for example. And then last but not least, it's financially beneficial for the people involved. It's not just that network effect that you're getting, it's actually financially beneficial for those folks. All five of those give us that really big push towards that ownership notion. >> One thing I would point out, first of all, great insight, I would also add and and love to get your reaction to it, and this is a great lead into the news, but there's also a diversity angle because this is a global phenomenon, okay? And it's also a lot of young cultural shift happening with the younger generation, but also technologists from all ages are participating and all genders. Everything's coming together. It's a melting pot. It's a global... This is like the earth is flat moment for us. This is an interesting time. What's your reaction to them? >> Absolutely and I believe that the more diverse the community can be, the more innovative it will be. And that's been proven out by studies, by McKenzie and Deloitte and more. I think this is a moment for Web 3.0 to be very inclusive. And the more inclusive that Web 3.0 is, the bigger the innovation and the bigger the power and the bigger that dream of ownership will become a reality. So I'm 100% with you on the diversity angle for sure. >> So big new news tomorrow launching. This is super exciting. First of all, I love the acronym, but I love the news. Take us through the big announcement that you're having. >> Yeah. So John, we are so excited. We have over 55 different companies joining together to form Unstoppable Women of Web 3.0, or we call it WOW3. Unstoppable WOW3. And the mission is really clear and very inclusive. The first is that we want to make Web 3.0 accessible for everyone. The second is we don't want to just say we want it accessible for everyone, we want to help with that first step. We're going to be giving away $10 million worth of domains from Unstoppable which we believe is that first step into Web 3.0. And then we're going to be action oriented. We don't want to just say we're going to help you get started or just say that Web 3.0 is accessible, we're going to launch education, networking, and events. So for example, we've got our first in person event that will occur at South by Southwest. Our first virtual event will occur on March 8th which is International Women's Day and there'll be two components of it. One is an hour YouTube Live so that people can come in and ask questions and then we've got a 24 hour Twitter space. So almost every half an hour or every hour on the hour, you're going to have these amazing women talk to you about what is DeFi? What is minting? What is Web 3.0 all about? Why gaming in Web 3.0? I mean, it's just going to be phenomenal. And in that we want to support each other as we're moving forward. This whole concept of from the very beginning, we want Web 3.0 to be diverse. >> And I want to also point out that you've got some activities on the March 8th International Women's Day but it's always every day in this community because it's a community. So this whole idea of community inclusion continues every day. Talk about those activities you're having on March 8th. Can you share what's happening on International Women's Day? >> Yeah, so first we're going to have a YouTube Live where we're going to go in detail into what is Web 3.0? What is DeFi? What is an NFT and why do they exist? Then we're going to have this 24 hour Twitter spaces where we've got all these different guest speakers from the 55 different companies that are supporting the initiative. We're also going to launch a list of the 100 most inspirational women of Web 3.0. We're going to do that twice a year. And we decided John not to do the top women, but the women that are inspirational, who are pioneering the trail, who are having an impact. And so we want it to be a community. So it's 100 of the most inspirational women of Web 3.0. We're also setting up a Web 3.0 Women's Speakers Bureau. So I cannot tell you, John, how many time people will call me up and they'll be like, "We really want you to speak here." And when I really get down to it, they really want me because I'm a woman that can speak about Web 3.0 but there are so many women who can do this. And so I wanted to have a place where everybody could come and see how many different diverse people we have that could speak out this. >> Yeah, and that's a great thing because there are a lot of women who can speak on this. They just have to have their voices found. So there's a lot of discovery in that format. Is there any plans to go beyond? You mentioned some workshops, what other things... Can you give another quick highlight of the things else you're doing post the event? >> Yeah, so one of the big things post the event is working with Girls in Tech, and I know you know Adriana. We are going to host on their platform. They have a platform for mentoring. We're going to host a track for Web 3.0 and during International Women's Day, we're going to auction off some NFTs that will contribute to that mentoring platform. So we've got folks like Lazy Lions and Bella and Deadheads that are going to donate NFTs. We'll auction those off and then that will enable the ongoing platform of Girls in Tech to have that mentoring that will be available for the next generation. We'll also do events, both virtually through Twitter spaces and other means as well as in-person events. I just mentioned at South by Southwest which I'm really looking forward to. We're going to have our first in-person event on March the 12th. It's going to be a brunch. A lot of the women told me, John, that they go to all these Web 3.0 or crypto events and everything's like a frat party in the evening. And they're like, "Why can't we just have a nice brunch and sit down and talk about it?" (John laughs) So at South by Southwest that is exactly what we're going to do. We're going to have a brunch and we're going to sit down and talk about it with all of these companies. And John, one of the things that's amazing to me is that we have over 55 companies that are all coming together to support this initiative. To me, that was just overwhelming. I was hoping to get about 20 companies and so far we have 55. So I'm feeling so excited and so empowered by what I see as the potential for this group. >> Yeah, well, first of all, congratulations. That's a really great thing you're doing. If you need place on theCube to post those videos, if you can get copies, we'd be glad to share them as well 'cause it's super important to get all the great minds out there that are working on Web 3.0 and have them showcased. I got to ask you now that you're in the trenches now, doing all this great work. What are some of the buzzwords that people should know about in Web 3.0? You mentioned to five main pillars as well as the ownership, the paradigm shift, we got that. What are some of the buzzword that people should know about? How would you rank those? >> Well, I think there are a couple. Let's see. I mean, one is if you think about it, what is a decentralized application? Some people call them Dapps. Dapps, you'll hear that a lot. And a decentralized application just means that you are leveraging and using multiple forms. There's no centralization of the back end. So everything is decentralized or moving around. Another is the gas fee. This comes up a lot, many people think, "Oh yeah, I put gas in my car." But a gas fee in Web 3.0 is you're actually paying for those decentralized computers that you're using. So in a centralized land, a company owns those computers. In a decentralized land, since you're using all these different assets, you've got to pay for them and that's what the gas fee is for. The gas fee is to pay for those particular types of solutions. And many of these terms that we're talking about minting, what is an NFT, we'll be explaining all of these terms on International Women's Day in that 24 hour Twitter space as well. >> We'll look forward to that Twitter space. We'll share as well. In the Web 3.0 world, when you look at it, when you look at what Unstoppable's doing, it's a paradigm shift. You laid it out there. What is the bottom line? What's the most practical thing people are doing with the domains? 'Cause it is definitely headroom in terms of capability, single sign on, you own your own data, integrating into wallet and decentralized applications and creating this new wave just like the web. More web pages, better search. More pages, the search has to get better, flywheel kicking in. What's the flywheel for Unstoppable? >> Well, I think the flywheel is the really around digital identity. It's why I came to Unstoppable because I believe that the data about you should be owned by you and that identity now travels with you. It's your wallet, it's your healthcare data, it's your educational records, and it's more. So in the future, that digital identity is going to become so much more important than it is today. And oh my gosh, John, it's going to be used in so many different ways that we can't even imagine it now. So for me, I think that digital identity and it really puts that ownership right in the hands of the members, not in anyone else's hands, a company, a government, et cetera. It puts the ownership of that data in your hands. >> I just love these big waves, these shifts, because you mentioned healthcare. Imagine an NFT is that sign on where you don't have to worry about all these HIPAA regulations. You can just say, "Here's me. Here's who I'm trusted." And they don't even know my name, but they know it's trusted. >> And everything just trickles down from there. >> That's right. >> And all the databases are called. It's all immutable. I got my private key. It unlocks so much potential in a new way. Really is amazing. >> I agree. And even just think about education. I was with Arizona State University and so my daughter took some classes at a community college and I wanted to get those classes and have those credits available for her university. How hard is that? Just to get that education and everything is paper and I had to physically sign, I had to physically mail it. It was pretty crazy. So now imagine that your digital identity contains all of your degrees, all of the skills that you've gone through all of your experiences, John. You told me before the show, all different experiences that you have that I didn't know about. I'm sure a lot of people didn't. What if you had that piece of you that would be available that you could use it at any time. >> It's locked in LinkedIn. There's a silo. Again, I'm a huge believer in silo busting going on. This new generation is not going to tolerate experiences that don't fit their mission. They want to have liberation on their data. They don't want to be the product. They want to have the value. >> That's right. >> And then broker that value for services and be able to be horizontally scalable and pop around from place to place without logging in again or having that siloed platform have the data like LinkedIn. You mentioned my resume's on basically LinkedIn, but I got webpages. I got some stories. I got videos. I'm all over the place. I need an NFT. >> And just think about LinkedIn, John. You could say that you graduated from Yale and didn't even graduate from Yale because nobody double checks that but in a wallet, if Yale actually sent that information in so you could verify it. It's that verification that's done over the blockchain, that immutable verification that I find to be very powerful. And John, we were just chatting with some companies earlier today that are Web 2.0 companies and they're like, "Oh, okay. All this is just for people? It's just for consumers?" And I was like, "No, this is for B2B. You've got to start thinking about this as a company." So for example, if you're a company today, how are you going to entice users to let you see some of their data? How are you going to look at ownership when it might be done via a dow and maybe a part of a piece of art, a part of a company, a part of real estate, like Parcel who you guys are going to talk to later on. Look at how that is going to change the world. It's going to change the way funds are raised. It's going to change the way you buy carbon credits, the way you buy art. If you're a consumer company, think about games and endgame economics. People are now playing game that money is real and your brand could be positioned. Have you thought about that? >> Yeah, I think that point you mentioned earlier about Twitter being the user, you had some personal connection, we didn't monetize it. Now with Web 3.0, you own it. One of the things that I see happening and it's coming out a lot of the Unstoppable interviews as well as what we're seeing in the marketplace is that the communities are part owners of the talent of whether it's an artist, a music artist, could be theCube team. The communities are part of the fabric of the overall group ownership. So you're starting to see you mentioned dows, okay? It's one kind of it. So as users become in control of their data and owning it, they're also saying, "Hey I want to be part of someone else." Artists are saying, " Be my stockholder. Own my company." >> That's right. >> So you start to see ownership concept not just be about the individual, it's about the groups. >> Right. And it's about companies too. So I'm hoping that as part of our Unstoppable Women of Web 3.0, we do have several companies who have joined us that are what I would say, traditionally Web 2.0 companies, trying to go over the chasm into Web 3.0. And I do think it's really important that companies of all types and sizes start looking at the implication of that ownership model and what that does. So for example, it's a silly one, but a simple one. I bought a Lazy Lion. It was actually part of my signing bonus, which is also interesting. My signing bonus was an NFT and now my Lazy Lion, I now own that Lazy Lion but the artist also gets a potential percentage of that. I can put my Lazy Lion on a t-shirt. I could name a store after my Lazy Lion because now it's mine. I own it. I own that asset. And now myself and the artists are teamed together. We're like a joint venture together. It's fascinating new models and there are so many of them. After ETHDenver, I was reading some of the key takeaways. And I think the biggest key takeaway was that this space is moving so fast with so much new information that you really have to pick one or two things and just go really deep so that you really understand them versus trying to go so wide that you can't understand everything at one time and to keep up it's a mission today to keep up. >> That interesting example about the Lazy Lion, the artist in relationship with you, that's a smart contract. There's no law firm doing that. It's the blockchain. Disintermediation is happening. >> It's trustless. Back to those five things we talked about. It's on the blockchain, it's decentralized at least partially, it's a digital identity, it's financially beneficial to you and it's trustless. That's what that is. It's a smart contract. There's no in between >> Can't change. It's immutable. Can't hack. Once it's on the blockchain, you're good to go. Sandy, well, congratulations. Great to see you. Unstoppable Women of Web3, WOW3. Great acronym. We're going to support you. We're going to put you on our March 8th site we're putting together. Great to have you on. Congratulations and thanks for sharing the big news. >> Thank you so much, John. Great to be on. >> Okay, this is theCube coverage of Unstoppable Domain partner showcase. I'm John Furrier, your host, here with Sandy Carter. Thanks for watching. (upbeat music)
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and thanks for coming on for the showcase. It's so fun to always be here with you are all in the Web 3.0 world. It's quite fascinating to be honest. you have a good knack and I helped to attract And I love that slide And I always like to say And so one of the things This is like the earth that the more diverse First of all, I love the And in that we want to support each other on the March 8th International Women's Day So it's 100 of the most highlight of the things else that they go to all these I got to ask you now that that you are leveraging More pages, the search has to get better, and that identity now travels with you. Imagine an NFT is that sign on And everything just And all the databases are called. all different experiences that you have going to tolerate experiences and be able to be horizontally scalable that I find to be very powerful. One of the things that I see happening So you start to see ownership that you really have to It's the blockchain. to you and it's trustless. We're going to put you Great to be on. of Unstoppable Domain partner showcase.
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Narelle Bailey, Sandy Carter & Kristen Mirabella | Unstoppable Domains Partner Showcase
>>Hi, everyone. Welcome to the cube and unstoppable domain, special showcase women of web three or well, three I'm super excited for this season. We have three great guests, Sandy Carter, the SVP and channel chief of unstoppable domains. Noel Bailey managing director for the entertainment, AKA disco leper. That's her handle NFT handle. We'll talk more about that. And Kristen Mirabella, Bella director of business development, Gemini all in the web three world here for women of web three. Welcome to the show. So what a great announcement, Sandy? What is the wow three women of web three. And why did you announce it on stumbled domains? Web three. >>Awesome. Well, thanks John. So today we are so excited to announce unstoppable women of web three. And one of the things that we noticed ourselves plus 60 plus companies is that we need more diversity in the web three space. So our mission is to make web three more accessible for everyone to help women with that first step and be very action oriented. So we're going to launch education, networking and events as we move forward. And we're real excited to start today, March 8th, we've got a 24 hour Twitter space. We have a YouTube live. We're going to be auction and off some NFTs to donate to girls in tech, a not-for-profit who is also going to launch a mentoring platform for women in web three. We'll also be announcing a hundred inspirational women's and Webster, and I can take up the entire time talking about all we have in store to make web three accessible to everyone. >>That's awesome. We're going to unpack that lot of things to talk about there. I'm really looking forward to it, neural, your, you got a great story here. What are the lazy lions and, and the queen so to speak and what are you guys doing? And tell us about your handle. >>That's a lot of questions there. John, why don't we start with that? So, I mean, I started my NFT journey about six months ago only, and I got really lucky in entering into the space for the lazy lions to start with and the Kings and existing Queens that were kind of in that space to begin were incredibly welcoming. I literally like, I love being the person in the room that asked the dumb question, because if I, if I can ask it, then, you know, there's, there's a hundred other people there that aren't asking that question. And so when I stepped into the, you know, the pride space with Twitter and discord, getting to know the lazy lions before I even got into my first project, they were incredibly welcoming. Like any question that I asked they had an answer for. And so, you know, why we're kind of wondering with unstoppable and supporting that? >>Well, one, once we, once through that space, I got introduced to queen Sandy as well. You know, she's part of the pride and, and one of the lazy lions and again, yeah, it's that whole symbiotic relationship where you've got, you know, Kings and Queens, men and women kind of in the pride, but it's not just about men and women either. It's the diversity aspect where it's people from all different cultures, backgrounds all around the world. And so, you know, getting in and learning and growing together in this brand new space that we're all part of creating. And then Unstoppables a huge part of that with the gateway to allowing people to kind of get into it, to begin. So it just all makes sense. We're going to expense. >>Okay, we're going to unpack that in a minute, but Kristen w what's going on with Gemini and web three, what's going on in the ecosystem there? How are you supporting the women of web three initiative? >>Really excited. Gemini is an exchange and custodian. We offer access to cryptocurrencies. We are your access points. We're the access point for women who are trying to embrace their own financial freedom and build their own story, be economically empowered and interacting with web three in a way that's going to be increasingly necessary. As, as this continues to build, Gemini is really excited to be able to provide a platform for education for anyone and especially women who are looking to build their knowledge base around what's happening in cryptocurrency. How can they interact with it? How can they make really good financial decisions as they look to interact with networks, you know, within defy, what tokens do they want to be able to, you know, purchase, move off of a centralized platform like Geminis. We are very regulated. We're very secure as an access point to be able to interact with cryptocurrencies and use crypto to interact with this ecosystem that's growing. You can, you know, as a woman decide on a really good idea on how you want to embrace that financial freedom of interacting with the protocol that might unlock your potential to be more financially independent, make really good decisions about the future of what your, your family might need economically, you know, in Gemini as an access point for that, as far as crypto and other digital assets go is where we were really proud that we can power that network. >>So we have to chip and I got the lazy lions. You have the unstoppable, all three of you guys are in the middle of all the action and it's super game-changing. It's also a cultural shift. You seeing a lot of young, the young generation, as well as senior experienced people coming in, certainly technologists are coming in, business leaders are coming in and it just feels like a whole nother cultural shift. So we have to ask you, what are you guys most excited for in this roadmap for women of web three what's on your mind? What do you guys see? What's the vision? >>Well, I'll start first. You know, one of the things that I'm really excited about is getting women to experience web three, not just book learning, but really get in there and interact and play with it. So for example, John, there is a game called de-central land. They sell land. And what they're going to help us do is to build a virtual women of web three headquarters inside of the game. And as women go there, they're going to experience, you know, logging in, they're going to experience crypto, like Kristin does talked about they'll experience. NFT is like disco, just talked about. And so it won't just be book smart. They'll be able to get in there and do and see and play, which I think is the best way to learn about web three. >>For me, I'd say, I mean, honestly, I'm most excited about getting it started. There's been so much work kind of going into this to begin with. And, and this space is, is also new and constantly growing and kind of evolving, changing as we go because we're pioneers kind of in this space, really. Like we all have web three. And so getting it started and it continues to grow and evolve from there, which is, you know, a lot to do with kind of community driven initiatives what's happening in the market and the space at the time as well. So super get it started, build it. And it keeps growing from there. >>Christine, what's your vision to what, how do you see this evolving what's what do you hope for and what are some of the things you're excited about? >>I couldn't agree more. What I think is really exciting is that again, if you're looking to learn about this, you know, Sandy you're so right, you're not gonna learn about really how to unlock the potential of this ecosystem by reading about it. You have to get in there, find crypto, come to Geminis platform, open an account, understand what it means to buy cryptocurrency, buy Bitcoin, understand what you're comfortable with. Use resources like our crypto pedia, to understand the differences between tokens, the differences between layers. Why would you buy this token and transfer it off of the platform where you're looking to interact with three, maybe you're looking at these web three applications and you want to understand what generating income through one of these looks like you really got to start with the basics, but start here, purchase something, move it off. You know, test it, use little, little amounts. >>You don't have to buy a full Bitcoin. I think that that's a common misconception with people who are really starting to get interested in the space, especially as they start to learn about cryptocurrency, buy a tiny piece, you know, you don't need to sell the farm, move it off the platform, learn a little bit about how you can interact, build a community around yourself. There are a lot of women who are learning how to do this and through NFTs and through other interests that you might naturally have, you can really embrace the technology and understand what it can do for you. >>You know, you, you mentioned that in the early days of Bitcoin, even a theory of giving it away was a big part of that kind of early days of community. And Earl, you mentioned the word pride as part of the lazy lions community is a big part of this. Sandy, you know, this you've seen communities develop over the years, this new kind of community dynamic is a network effect, but it's also people centric. It's also about reputation. So it's about being open and collaborative. I mean, it sounds like a bunch of cliches jammed together, but this is kind of the world we're in for web three. Can you guys share your thoughts on that and get a reaction to that? >>Yeah. And I just wanted to jump on kind of what Kristin was mentioning there as well. You know, like, and Sandy, like get in there, get started, like have a little taste, have a little of this watch learn and then kind of tying into your community aspect there, ask the questions, get into, and you know, the two, the couple of main spaces, there are discord and Twitter, which, and again, I signed up my Twitter account in 2014 and I pretty much didn't touch it, like from 2015 kind of onwards, like now learning and getting in and growing with this space, that's kind of where the mediums are to start with with that. So yeah. Get in and get started and, and ask the questions on the way >>Sandy, you see Twitter and discord as the primary. >>Yeah. Yeah. There's so many this guy, right. Because you know, I'm on, I'm now on telegram. I'm on disbarred, I'm on Twitter, I'm on signal. I just got invited to signal groups. So this is one of the areas that we need to work on for web three. I think all of us would agree is just that interface. Part of the reason that we're launching this is because it is hard today, right? Web three is hard. And so there's multiple communications channels, you know, and that's why we love, you know, partners like Jim and I, who are making it easier and lazy lions who are setting up these communities. You know, when you buy in it of T you're really not, I guess you are buying the NFT for value, but you're also buying into the community disco. And I have been meeting actually every Saturday night for a while now with the rest of the Queens, planning out women of web three, Kristin and Jim and I, and I have been meeting together it's about the people and the networking and the tribe that you're part of as well. You really nailed it on the community piece. >>You know, ever since we started talking about it unstoppable, I got to say, I've been wanting to get the cube and FTS going because it is a community dynamic, but it's also this got practical usage of is there's data behind it. There's actually real use cases. Can you guys share your thoughts on how you see the use cases being applied specifically to the world, but also to, to women of web three to Wasn't go first. >>Yeah. We're also polite. We're all quite polite. And do you want to go first? You're one of our partners, we'll let you start us off. >>Sorry. I didn't want to and want to jump in there and they want to get started a real applications of, of what this looks like. I think goes back to an idea I had at the top of the call as there's clarity, as that continues to emerge as web three continues to build. And we understand what this really means. I think many would say that there's, you know, lack of clarity around what web three means. Maybe there are some platforms that are slightly more centralized than others. If we think of what web three in general represents, you know, it's this idea of decentralization empowering you through ownership of your data, empowering you through the ability to do things in a decentralized way, but you're not able to do on web two. And I think the real application of transition of where we are today into what this becomes is, you know, I think we keep nailing it on the head. >>You really have to get out there and practice. You have to understand what this transition means for you and what does it mean for what you're trying to achieve? So if my personal stance is, is really solid in where, you know, your financial future is rooted. And if we're talking about cryptocurrency in your ability to interact with these networks, like we've been saying, you have to practice, you have to understand and learn what you're getting yourself into. But I also think there's this element of being okay with making mistakes, but you are talking about your financial future. You're talking about something that's there really high stakes around making mistakes means starting with really good partners. You can start with platforms like Gemini. You can start with platforms like unstoppable domains and know that the foundation has been laid for you to be able to test these grounds. >>I think that what this becomes and what is really important here is knowing that there are going to be a few centralized points that are your access to this web of three, to this broader ecosystem. But being able to trust that these platforms have security in mind. So the security first mindset that empowers you to then go be in charge of data, privacy, being able to take charge of really what your interaction with the rest of this world means. And being, being able to trust that the foundational layer that you're entering that world through is one that can be trusted. I think that as we look at the real world application of this finding that right starting point is really important. >>Yeah. And I w I would just add John to, to what Kristen just said. There are also B2B use cases here. So we want to make sure that, you know, there's a lot of consumer work, but there's also B to B as well. So, you know, imagine you're in decentral land or you're in sandbox a game. If you're a retailer or in a consumer business, you can place your products or your portfolio inside of that game, there is now decentralized finance that's out there. How does that play a role in your company and the way that you're financing for your company? Not just for yourself, like Kristin mentioned, but also for your company. And then dowels, of course, fractional ownership of different things. We're seeing, you know, funding change. SPACs turning into dowels, all of this. If you look at our 24 hour Twitter space, I'm S I can't wait. I think I'm going to actually do a 24 hour bins for myself because >>That's a college come on. We gotta do. >>Right. I know this guy will be with me. Right. And just that last time I did, that was new. Yeah. >>Well, super exciting. I mean, wow, wow. Three could be a doubt. I mean, the vision here is really amazing. I am so impressed. I think this is a great thing because it could go anywhere. What do you guys see at Dow in the future merging communities and merging tribes together? How do you guys have you guys talked about that? What's the, what's the thought process there? >>We actually did talk about doing a Dow. We decided to kick off first and get everybody up to speed on what it was before we jumped into a doubt, which I think is pretty advanced and sophisticated. And so, you know, part of what we also see is if you look at part of the membership, you'll see women of blockchain, women of data BFF. I mean, all these women's groups coming together to unite as long with, along with a lot of major companies, web to companies, Google Deloitte I'll chair, with the who's, who of web three, you've got Gemini, you've got, you know, consensus, you've got blockchain.com. So, you know, I love this because we are coming together for a movement, not for individual companies, but to have an impact on the industry to really educate women. And John, I forgot one of the really cool things we're also announcing today is our first 100 inspirational women of web three. In fact, disco helped me come up with the name of that, because we do want to highlight as examples, all of these great women that are in the space so that we each can reach back and pull others forward. >>Okay, now we've got to get into the, the disco leopard, let's put the lower third up there so we can see it. And the name that's tell us about the story here. And what does it mean to you? Take us through the thought process, the experience and how you envision this unfolding. Cause it's an NFT. You have one it's >>Yeah, totally. I guess. I mean, starting with, so the disco leopard kind of piece to it as well, like in this new space, in the, in the web space, first of all, you get to like, come up with your own identity. So I got to pick this go leopard, like if he doesn't want to be a disco leopard. And so even just coming up with the journey of like, what is your identity with that? And then, you know, you go through that path of being doxed, meaning being revealed, people kind of know who you are or not, or keeping it, you know, kind of a name on the side, that's all. Okay. Like it's all part of that whole decentralized space, which is super exciting. So just so you know, like the disco leper feeds, you know, optimist glass, half full, you know, pessimist, glass, half empty. And then the third piece to that was disco leopard equals. Awesome. And that's where I saw it. And I'm like, that's me a hundred percent. I'm >>Trying to get your lower third, had your name next to it, >>But that's okay. I'm all right with that. I don't mind. So, you know, getting, getting into that to start with, and then, you know, when we were talking about partners and coming into this safe space as well, and yeah, absolutely kind of technology based partners infrastructure to make sure that we're, we're safe and we've got a smooth gateway kind of coming in, but I'm also gonna put communities into partnerships as well, because there are so many NFT projects, you know, defy gaming projects, et cetera, finding your people, finding the community that resonates with you and it's different for everyone. And that's a beautiful thing, but you get to kind of find like-minded people and join them. >>You know, I've been thinking this for about a long, long time, and I thought I was just weird, but now that it's happening, you guys are in the middle of it. The, your identity is so important now, and you could have a community and tribe to belong to, but yet traverse other tribes and move around. This is kind of the whole prospect of unstoppable, right? So Sandy, this is like a great future. You can be protected in a trusted tribe or community, and then still move around to others and engage. It's almost like a packet moving around a network. It's really about people too, on the internet. This is a total complete game changer. It wasn't really, it's not really possible prior to this. >>Yeah. I mean, if you look at all the members, you can move from a metaverse, you can move into gaming, you can go into defy, we've got NFT communities. And, and I love, you know, like you said, traversing, those communities, like we're going to do an auction and we've had donated NFTs. So disco and lazy lions, the queen of lazy lions are donating a lazy lion. Crypto chicks are gonna donate something. If you don't know what these are, these are all NFT communities that have their own identities as well. We have Deadheads NILAH and the long neck ladies, which is started by a 13 year old girl, who's going to talk on one of our Twitter spaces about how she had 13 earned millions of dollars and became times first artist in residence. So there's just, I mean, there's so much potential here and just look at all these amazing women on the screen. You know, I think web three, the face of web three is female. >>That's awesome. Any final thoughts for you guys and, and the session here, it's amazing. First of all, I'm so excited to, to have this conversation and be included and be included into the group here. Thank you for having me closing thoughts on women of web three, how people can get involved, what you guys aspire to be, what are some of the goals can take us through that? >>I guess for me looking at, you kind of asked the question of, you know, what we're most excited about with what's coming up with the international women's day. And, and, you know, what's beyond that. I'm really excited about what unstoppable are doing in introducing the gateway from web two to web three, because that whole 24, the, the events that we have coming on today is, you know, information, education, openness, how to use it, but what's coming beyond there. And it is that transition from web to, and how to, how do we even, like, I'm about to learn that as well. And as I said, I've been in that, in this NMT journey for six months learning thus far, but what does it look like to get into a web three experience and the web page and that design and look and feel so that next step of learning and getting into it. And again, anyone that's kind of being involved in this conversation now you'll be the first people stepping into that space as web three really comes to life. And it is the new web. Very exciting, >>Great. >>I couldn't agree more neural. What I think excites us the most is the level of interest and the level of engagement that we're seeing an unprecedented levels. These and what's coming next is that you're going to see more and more women and more, more people as part of these communities, as we've talked about wanting to learn, wanting to engage and wanting to be part of this and numbers that we really haven't even seen still yet. We've just scratched the surface. And what I want to ask everyone to do is not to wait not to wait until you feel like you're behind. Take action. Now go to our crypto pedia page, open an account at Gemini, start to interact with cryptocurrencies, understand what it means to take, you know, a crypto or digital asset off of a platform and interact with some of these networks, understand what it means to own, and then empty look at unstoppable domains and understand how you can start to dip your toe in. We really want to empower everyone with the knowledge of what you can do here, and we couldn't be more excited about the future >>Also Sandy final word. >>Yes. So I'm excited about a new world where diversity helps shape the next movement. You know, we've seen web one and web two shaped by, you know, homogeneous groups. And what I'm looking forward to is the future, because we know that innovation is driven by diversity of thought. And so for me, I'm really excited about today international women's day, where we're launching all these educational sessions, you know, Kristen mentioned don't wait, get involved, disco, you know, talked a lot about the potential of going from web two to web three. We hope to see tons of women learning from the web to world. And then I just have to say, I mean, if we could get this across in the virtual world, we're then going to also host an in real life I R L event at south by Southwest. So I'm real excited to be back in person to John so that I can actually give my, my fellow colleagues hugs as well. >>I can't wait to be in person. Thank you so much for coming on this. A great program today is international women's day, but every day is women of web three day. Thanks for sharing great insight. I'm looking forward to more conversations and seeing what happens and participating in any way that I can. And thanks for having me and including me in the conversation. Thank you. Thank you. Okay. This is the cubes conversations here in the showcase women of web three. I'm John for your host. Thanks for watching.
SUMMARY :
And Kristen Mirabella, Bella director of business development, Gemini all in the web three world here for women of And one of the things that we noticed ourselves plus 60 and the queen so to speak and what are you guys doing? And so when I stepped into the, you know, the pride space with Twitter and discord, getting to know the lazy lions And so, you know, getting in and learning and growing together you know, within defy, what tokens do they want to be able to, you know, You have the unstoppable, all three of you guys are in the middle And as women go there, they're going to experience, you know, logging in, they're going to experience crypto, evolve from there, which is, you know, a lot to do with kind of community driven initiatives what's happening in the to learn about this, you know, Sandy you're so right, you're not gonna learn you know, you don't need to sell the farm, move it off the platform, learn a little bit about how you can interact, And Earl, you mentioned the word pride as part of the lazy lions community and you know, the two, the couple of main spaces, there are discord and Twitter, which, and again, And so there's multiple communications channels, you know, Can you guys share your thoughts on how you see the And do you want to go first? I think many would say that there's, you know, lack of clarity around what web three means. But I also think there's this element of being okay with making mistakes, but you are talking about your financial that empowers you to then go be in charge of data, privacy, being able to take charge So, you know, imagine you're in decentral land or you're in sandbox a game. We gotta do. I know this guy will be with me. How do you guys have you guys talked about that? And so, you know, part of what we also see is if you look at part of the membership, Take us through the thought process, the experience and how you envision this unfolding. like the disco leper feeds, you know, optimist glass, half full, you know, pessimist, you know, getting, getting into that to start with, and then, you know, when we were talking about partners and coming into this safe space you guys are in the middle of it. And, and I love, you know, like you said, traversing, those communities, like we're going on women of web three, how people can get involved, what you guys aspire I guess for me looking at, you kind of asked the question of, to take, you know, a crypto or digital asset off of a platform and interact get involved, disco, you know, talked a lot about the potential This is the cubes conversations here in the showcase women of web three.
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Sandy Carter, Unstoppable Domains, announces Women of Web3 | WoW3
(upbeat music) >> Hello, everyone welcome to theCube special presentation of the Unstoppable Domains partner showcase. I'm John Furrier, your host of theCube. We have here, Cube alumni, Sandy Carter, SVP and channel chief of Unstoppable Domains. Sandy, great to see you. Congratulations on your new assignment. Exciting new company, and thanks for coming on for the showcase. >> Well, thank you, John. It's so fun to always be here with you through all my companies, it's really great. Thanks for having me. >> Well, it's been pretty amazing what's going on in the world right now. We just had the past Super Bowl which is the biggest event in the world around advertising, a lot of Web 3.0, crypto, blockchain, decentralized applications. It's here, it's mainstream. We've talked off camera many times around the shifts in technology, cloud computing. We're now with Web 3.0 and some are even saying Web 4.0. (Sandy laughs) A lot of technology programmers, people who are building new things are all in the Web 3.0 world. It's really going mainstream. So what's your view on that? I see you're in it too. You're leading it. >> I am in it too. And it's so exciting to be at the verge of the next technology trend that's out there. And I'm really excited about this one, John because this is all about ownership. It's about members not users. It's quite fascinating to be honest. >> What is Web 3.0? What is Web 3.0? Define it for us 'cause you have a good knack for putting things in the perspective. People want to know what does this Web 3.0? What does it mean? >> Okay, great. That's a great question. In fact, I have just a couple of slides because I'm a visual learner. So I don't know if you guys could pop up just a couple of slides for us. So first to me, Web 3.0 is really all about this area of ownership and that's whether it's in gaming or art or even business applications today. In fact, let me show you an example. If you go to the next slide, you will see like with Twitter, and John, you and I were there, I was the first person to onstage announce that we were going to do tweets during a major event. And of course I started on Twitter back in 2008, pretty early on. And now the valuation of Twitter is going up, I got a lot of value and I helped to attract a lot of those early users. But my value was really based on the people, building my network, not based on that monetary valuation. So I really wasn't an owner. I was a user of Twitter and helped Twitter to grow. Now, if you go with me to the next slide you'll see just a little bit more about what we're talking about here and I know this is one of your favorites. So Web 1.0 was about discovery. We discovered a lot of information. Web 2.0 was about reading the information but also contributing with that two-way dialogue with social but Web 3.0 is now all about membership, not being a user but being a member and therefore having an ownership stake in the power of what's coming. And I think this is a big differential, John, if I had to just nail one thing. This would be the big differential. >> That's awesome. And I love that slide because it goes to the progression. Most people think of web 1.0 data, the worldwide web, web pages, browsers, search engines, Web 2.0, better interfaces. You got mobile, you got social networks. And then it got messy, bots and misinformation, users of the product being used by the companies. So clearly Web 3.0 is changing all that and I think the ownership thing is interesting because you think about it, we should own our data. We should have a data wallet. We should have all that stored. So this is really at the heart of what you guys are doing. So I think that's a great way to put it. I would ask you what's your impression when people you talk to in the mainstream industry that aren't in Web 3.0 that are coming in, what's their reaction? What do they think? What do they see? >> Well, a lot of what I see from Web 2.0 folks is that they don't understand it, first of all. They're not sure about it. And I always like to say that we're in the early days of Web 3.0. So we're in that dial up phase. What was that? Was that AOL? Remember that little that they used to make? >> (laughs) You've got mail. >> Yeah, you've got mail. That's right. That's where we are today with Web 3.0. And so it is early days and I think people are looking for something they can hang their hat on. And so one of the things that we've been working on are what would be the elements of Web 3.0? And if you could take me to one more slide and this will be my last slide, but again, I'm a very visual person. I think there are really five basic assumptions that Web 3.0 really hangs its hat on. The first is decentralization, or I say at least partially decentralized because today we're building on Web 2.0 technology and that is okay. Number two is that digital identity. That identity you just talked about, John where you take your identity with you. You don't have identity for Twitter, an identity for LinkedIn, an identity for a game. I can take my identity today, play a game with it, bank with it, now move on to a Metaverse with it, the same identity. The other thing we like to say is it's built on blockchain and we know that blockchain is still making a lot of improvements but it's getting better and better and better. It's trustless, meaning there's no in between party. You're going direct, user, member to institution, if you would. So there's no bank in between, for example. And then last but not least, it's financially beneficial for the people involved. It's not just that network effect that you're getting, it's actually financially beneficial for those folks. All five of those give us that really big push towards that ownership notion. >> One thing I would point out, first of all, great insight, I would also add and and love to get your reaction to it, and this is a great lead into the news, but there's also a diversity angle because this is a global phenomenon, okay? And it's also a lot of young cultural shift happening with the younger generation, but also technologists from all ages are participating and all genders. Everything's coming together. It's a melting pot. It's a global... This is like the earth is flat moment for us. This is an interesting time. What's your reaction to them? >> Absolutely and I believe that the more diverse the community can be, the more innovative it will be. And that's been proven out by studies, by McKenzie and Deloitte and more. I think this is a moment for Web 3.0 to be very inclusive. And the more inclusive that Web 3.0 is, the bigger the innovation and the bigger the power and the bigger that dream of ownership will become a reality. So I'm 100% with you on the diversity angle for sure. >> So big new news tomorrow launching. This is super exciting. First of all, I love the acronym, but I love the news. Take us through the big announcement that you're having. >> Yeah. So John, we are so excited. We have over 55 different companies joining together to form Unstoppable Women of Web 3.0, or we call it WOW3. Unstoppable WOW3. And the mission is really clear and very inclusive. The first is that we want to make Web 3.0 accessible for everyone. The second is we don't want to just say we want it accessible for everyone, we want to help with that first step. We're going to be giving away $10 million worth of domains from Unstoppable which we believe is that first step into Web 3.0. And then we're going to be action oriented. We don't want to just say we're going to help you get started or just say that Web 3.0 is accessible, we're going to launch education, networking, and events. So for example, we've got our first in person event that will occur at South by Southwest. Our first virtual event will occur on March 8th which is International Women's Day and there'll be two components of it. One is an hour YouTube Live so that people can come in and ask questions and then we've got a 24 hour Twitter space. So almost every half an hour or every hour on the hour, you're going to have these amazing women talk to you about what is DeFi? What is minting? What is Web 3.0 all about? Why gaming in Web 3.0? I mean, it's just going to be phenomenal. And in that we want to support each other as we're moving forward. This whole concept of from the very beginning, we want Web 3.0 to be diverse. >> And I want to also point out that you've got some activities on the March 8th International Women's Day but it's always every day in this community because it's a community. So this whole idea of community inclusion continues every day. Talk about those activities you're having on March 8th. Can you share what's happening on International Women's Day? >> Yeah, so first we're going to have a YouTube Live where we're going to go in detail into what is Web 3.0? What is DeFi? What is an NFT and why do they exist? Then we're going to have this 24 hour Twitter spaces where we've got all these different guest speakers from the 55 different companies that are supporting the initiative. We're also going to launch a list of the 100 most inspirational women of Web 3.0. We're going to do that twice a year. And we decided John not to do the top women, but the women that are inspirational, who are pioneering the trail, who are having an impact. And so we want it to be a community. So it's 100 of the most inspirational women of Web 3.0. We're also setting up a Web 3.0 Women's Speakers Bureau. So I cannot tell you, John, how many time people will call me up and they'll be like, "We really want you to speak here." And when I really get down to it, they really want me because I'm a woman that can speak about Web 3.0 but there are so many women who can do this. And so I wanted to have a place where everybody could come and see how many different diverse people we have that could speak out this. >> Yeah, and that's a great thing because there are a lot of women who can speak on this. They just have to have their voices found. So there's a lot of discovery in that format. Is there any plans to go beyond? You mentioned some workshops, what other things... Can you give another quick highlight of the things else you're doing post the event? >> Yeah, so one of the big things post the event is working with Girls in Tech, and I know you know Adriana. We are going to host on their platform. They have a platform for mentoring. We're going to host a track for Web 3.0 and during International Women's Day, we're going to auction off some NFTs that will contribute to that mentoring platform. So we've got folks like Lazy Lions and Bella and Deadheads that are going to donate NFTs. We'll auction those off and then that will enable the ongoing platform of Girls in Tech to have that mentoring that will be available for the next generation. We'll also do events, both virtually through Twitter spaces and other means as well as in-person events. I just mentioned at South by Southwest which I'm really looking forward to. We're going to have our first in-person event on March the 12th. It's going to be a brunch. A lot of the women told me, John, that they go to all these Web 3.0 or crypto events and everything's like a frat party in the evening. And they're like, "Why can't we just have a nice brunch and sit down and talk about it?" (John laughs) So at South by Southwest that is exactly what we're going to do. We're going to have a brunch and we're going to sit down and talk about it with all of these companies. And John, one of the things that's amazing to me is that we have over 55 companies that are all coming together to support this initiative. To me, that was just overwhelming. I was hoping to get about 20 companies and so far we have 55. So I'm feeling so excited and so empowered by what I see as the potential for this group. >> Yeah, well, first of all, congratulations. That's a really great thing you're doing. If you need place on theCube to post those videos, if you can get copies, we'd be glad to share them as well 'cause it's super important to get all the great minds out there that are working on Web 3.0 and have them showcased. I got to ask you now that you're in the trenches now, doing all this great work. What are some of the buzzwords that people should know about in Web 3.0? You mentioned to five main pillars as well as the ownership, the paradigm shift, we got that. What are some of the buzzword that people should know about? How would you rank those? >> Well, I think there are a couple. Let's see. I mean, one is if you think about it, what is a decentralized application? Some people call them Dapps. Dapps, you'll hear that a lot. And a decentralized application just means that you are leveraging and using multiple forms. There's no centralization of the back end. So everything is decentralized or moving around. Another is the gas fee. This comes up a lot, many people think, "Oh yeah, I put gas in my car." But a gas fee in Web 3.0 is you're actually paying for those decentralized computers that you're using. So in a centralized land, a company owns those computers. In a decentralized land, since you're using all these different assets, you've got to pay for them and that's what the gas fee is for. The gas fee is to pay for those particular types of solutions. And many of these terms that we're talking about minting, what is an NFT, we'll be explaining all of these terms on International Women's Day in that 24 hour Twitter space as well. >> We'll look forward to that Twitter space. We'll share as well. In the Web 3.0 world, when you look at it, when you look at what Unstoppable's doing, it's a paradigm shift. You laid it out there. What is the bottom line? What's the most practical thing people are doing with the domains? 'Cause it is definitely headroom in terms of capability, single sign on, you own your own data, integrating into wallet and decentralized applications and creating this new wave just like the web. More web pages, better search. More pages, the search has to get better, flywheel kicking in. What's the flywheel for Unstoppable? >> Well, I think the flywheel is the really around digital identity. It's why I came to Unstoppable because I believe that the data about you should be owned by you and that identity now travels with you. It's your wallet, it's your healthcare data, it's your educational records, and it's more. So in the future, that digital identity is going to become so much more important than it is today. And oh my gosh, John, it's going to be used in so many different ways that we can't even imagine it now. So for me, I think that digital identity and it really puts that ownership right in the hands of the members, not in anyone else's hands, a company, a government, et cetera. It puts the ownership of that data in your hands. >> I just love these big waves, these shifts, because you mentioned healthcare. Imagine an NFT is that sign on where you don't have to worry about all these HIPAA regulations. You can just say, "Here's me. Here's who I'm trusted." And they don't even know my name, but they know it's trusted. >> And everything just trickles down from there. >> That's right. >> And all the databases are called. It's all immutable. I got my private key. It unlocks so much potential in a new way. Really is amazing. >> I agree. And even just think about education. I was with Arizona State University and so my daughter took some classes at a community college and I wanted to get those classes and have those credits available for her university. How hard is that? Just to get that education and everything is paper and I had to physically sign, I had to physically mail it. It was pretty crazy. So now imagine that your digital identity contains all of your degrees, all of the skills that you've gone through all of your experiences, John. You told me before the show, all different experiences that you have that I didn't know about. I'm sure a lot of people didn't. What if you had that piece of you that would be available that you could use it at any time. >> It's locked in LinkedIn. There's a silo. Again, I'm a huge believer in silo busting going on. This new generation is not going to tolerate experiences that don't fit their mission. They want to have liberation on their data. They don't want to be the product. They want to have the value. >> That's right. >> And then broker that value for services and be able to be horizontally scalable and pop around from place to place without logging in again or having that siloed platform have the data like LinkedIn. You mentioned my resume's on basically LinkedIn, but I got webpages. I got some stories. I got videos. I'm all over the place. I need an NFT. >> And just think about LinkedIn, John. You could say that you graduated from Yale and didn't even graduate from Yale because nobody double checks that but in a wallet, if Yale actually sent that information in so you could verify it. It's that verification that's done over the blockchain, that immutable verification that I find to be very powerful. And John, we were just chatting with some companies earlier today that are Web 2.0 companies and they're like, "Oh, okay. All this is just for people? It's just for consumers?" And I was like, "No, this is for B2B. You've got to start thinking about this as a company." So for example, if you're a company today, how are you going to entice users to let you see some of their data? How are you going to look at ownership when it might be done via a dow and maybe a part of a piece of art, a part of a company, a part of real estate, like Parcel who you guys are going to talk to later on. Look at how that is going to change the world. It's going to change the way funds are raised. It's going to change the way you buy carbon credits, the way you buy art. If you're a consumer company, think about games and endgame economics. People are now playing game that money is real and your brand could be positioned. Have you thought about that? >> Yeah, I think that point you mentioned earlier about Twitter being the user, you had some personal connection, we didn't monetize it. Now with Web 3.0, you own it. One of the things that I see happening and it's coming out a lot of the Unstoppable interviews as well as what we're seeing in the marketplace is that the communities are part owners of the talent of whether it's an artist, a music artist, could be theCube team. The communities are part of the fabric of the overall group ownership. So you're starting to see you mentioned dows, okay? It's one kind of it. So as users become in control of their data and owning it, they're also saying, "Hey I want to be part of someone else." Artists are saying, " Be my stockholder. Own my company." >> That's right. >> So you start to see ownership concept not just be about the individual, it's about the groups. >> Right. And it's about companies too. So I'm hoping that as part of our Unstoppable Women of Web 3.0, we do have several companies who have joined us that are what I would say, traditionally Web 2.0 companies, trying to go over the chasm into Web 3.0. And I do think it's really important that companies of all types and sizes start looking at the implication of that ownership model and what that does. So for example, it's a silly one, but a simple one. I bought a Lazy Lion. It was actually part of my signing bonus, which is also interesting. My signing bonus was an NFT and now my Lazy Lion, I now own that Lazy Lion but the artist also gets a potential percentage of that. I can put my Lazy Lion on a t-shirt. I could name a store after my Lazy Lion because now it's mine. I own it. I own that asset. And now myself and the artists are teamed together. We're like a joint venture together. It's fascinating new models and there are so many of them. After ETHDenver, I was reading some of the key takeaways. And I think the biggest key takeaway was that this space is moving so fast with so much new information that you really have to pick one or two things and just go really deep so that you really understand them versus trying to go so wide that you can't understand everything at one time and to keep up it's a mission today to keep up. >> That interesting example about the Lazy Lion, the artist in relationship with you, that's a smart contract. There's no law firm doing that. It's the blockchain. Disintermediation is happening. >> It's trustless. Back to those five things we talked about. It's on the blockchain, it's decentralized at least partially, it's a digital identity, it's financially beneficial to you and it's trustless. That's what that is. It's a smart contract. There's no in between >> Can't change. It's immutable. Can't hack. Once it's on the blockchain, you're good to go. Sandy, well, congratulations. Great to see you. Unstoppable Women of Web3, WOW3. Great acronym. We're going to support you. We're going to put you on our March 8th site we're putting together. Great to have you on. Congratulations and thanks for sharing the big news. >> Thank you so much, John. Great to be on. >> Okay, this is theCube coverage of Unstoppable Domain partner showcase. I'm John Furrier, your host, here with Sandy Carter. Thanks for watching. (upbeat music)
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and thanks for coming on for the showcase. It's so fun to always be here with you are all in the Web 3.0 world. It's quite fascinating to be honest. you have a good knack and I helped to attract And I love that slide And I always like to say And so one of the things This is like the earth that the more diverse First of all, I love the And in that we want to support each other on the March 8th International Women's Day So it's 100 of the most highlight of the things else that they go to all these I got to ask you now that that you are leveraging More pages, the search has to get better, and that identity now travels with you. Imagine an NFT is that sign on And everything just And all the databases are called. all different experiences that you have going to tolerate experiences and be able to be horizontally scalable that I find to be very powerful. One of the things that I see happening So you start to see ownership that you really have to It's the blockchain. to you and it's trustless. We're going to put you Great to be on. of Unstoppable Domain partner showcase.
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From Zero to Search | Beyond.2020 Digital
>>Yeah, >>yeah. Hello and welcome to Day two at Beyond. I am so excited that you've chosen to join the building a vibrant data ecosystem track. I might be just a little bit biased, but I think it's going to be the best track of the day. My name is Mallory Lassen and I run partner Marketing here, a thought spot, and that might give you a little bit of a clue as to why I'm so excited about the four sessions we're about to hear from. We'll start off hearing from two thought spotters on how the power of embrace can allow you to directly query on the cloud data warehouse of your choice Next up. And I shouldn't choose favorites, but I'm very excited to watch Cindy housing moderate a panel off true industry experts. We'll hear from Deloitte Snowflake and Eagle Alfa as they describe how you can enrich your organization's data and better understand and benchmark by using third party data. They may even close off with a prediction or two about the future that could prove to be pretty thought provoking. So I'd stick around for that. Next we'll hear from the cloud juggernaut themselves AWS. We'll even get to see a live demo using TV show data, which I'm pretty sure is near and dear to our hearts. At this point in time and then last, I'm very excited to welcome our customer from T Mobile. They're going to describe how they partnered with whip pro and developed a full solution, really modernizing their analytics and giving self service to so many employees. We'll see what that's done for them. But first, let's go over to James Bell Z and Ana Son on the zero to search session. James, take us away. >>Thanks, Mallory. I'm James Bell C and I look after the solutions engineering and customer success teams have thought spot here in Asia Pacific and Japan today I'm joined by my colleague Anderson to give you a look at just how simple and quick it is to connect thought spot to your cloud data warehouse and extract value from the data within in the demonstration, and I will show you just how we can connect to data, make it simple for the business to search and then search the data itself or within this short session. And I want to point out that everything you're going to see in the demo is Run Live against the Cloud Data Warehouse. In this case, we're using snowflake, and there's no cashing of data or summary tables in terms of what you're going to see. But >>before we >>jump into the demo itself, I just like to provide a very brief overview of the value proposition for thought spot. If you're already familiar with thought spot, this will come as no surprise. But for those new to the platform, it's all about empowering the business to answer their own questions about data in the most simple way possible Through search, the personalized user experience provides a familiar search based way for anyone to get answers to their questions about data, not just the analysts. The search, indexing and ranking makes it easy to find the data you're looking for using business terms that you understand. While the smart ranking constantly adjust the index to ensure the most relevant information is provided to you. The query engine removes the complexity of SQL and complex joint paths while ensuring that users will always get thio the correct answers their questions. This is all backed up by an architecture that's designed to be consumed entirely through a browser with flexibility on deployment methods. You can run thought spot through our thoughts about cloud offering in your own cloud or on premise. The choice is yours, so I'm sure you're thinking that all sounds great. But how difficult is it to get this working? Well, I'm happy to tell you it's super easy. There's just forced steps to unlock the value of your data stored in snowflake, Red Shift, Google, Big Query or any of the other cloud data warehouses that we support. It's a simple is connecting to the Cloud Data Warehouse, choosing what data you want to make available in thought spot, making it user friendly. That column that's called cussed underscore name in the database is great for data management, but when users they're searching for it, they'll probably want to use customer or customer name or account or even client. Also, the business shouldn't need to know that they need to get data from multiple tables or the joint parts needed to get the correct results in thought spot. The worksheet allows you to make all of this simple for the users so they can simply concentrate on getting answers to their questions on Once the worksheet is ready, you can start asking those questions by now. I'm sure you're itching to see this in action. So without further ado, I'm gonna hand over to Anna to show you exactly how this works over to you. Anna, >>In this demo, I'm going to go to cover three areas. First, we'll start with how simple it is to get answers to your questions in class spot. Then we'll have a look at how to create a new connection to Cloud Data Warehouse. And lastly, how to create a use of friendly data layer. Let's get started to get started. I'm going to show you the ease off search with thoughts Spot. As you can see thought spot is or were based. I'm simply lobbying. Divide a browser. This means you don't need to install an application. Additionally, possible does not require you to move any data. So all your data stays in your cloud data warehouse and doesn't need to be moved around. Those sports called differentiator is used experience, and that is primarily search. As soon as we come into the search bar here, that's what suggestion is guiding uses through to the answers? Let's let's say that I would wanna have a look at spending across the different product categories, and we want Thio. Look at that for the last 12 months, and we also want to focus on a trending on monthly. And just like that, we get our answer straightaway without alive from Snowflake. Now let's say we want to focus on 11 product category here. We want to have a look at the performance for finished goods. As I started partially typing my search them here, Thoughts was already suggesting the data value that's available for me to use as a filter. The indexing behind the scene actually index everything about the data which allowed me to get to my data easily and quickly as an end user. Now I've got my next to my data answer here. I can also go to the next level of detail in here. In third spot to navigate on the next level of detail is simply one click away. There's no concept off drill path, pre defined drill path in here. That means we've ordered data that's available to me from Snowflake. I'm able to navigate to the level of detail. Allow me to answer those questions. As you can see as a business user, I don't need to do any coding. There's no dragon drop to get to the answer that I need right here. And she can see other calculations are done on the fly. There is no summary tables, no cubes building are simply able to ask the questions. Follow my train or thoughts, and this provides a better use experience for users as anybody can search in here, the more we interact with the spot, the more it learns about my search patterns and make those suggestions based on the ranking in here and that a returns on the fly from Snowflake. Now you've seen example of a search. Let's go ahead and have a look at How do we create a connection? Brand new one toe a cloud at a warehouse. Here we are here, let me add a new connection to the data were healthy by just clicking at new connection. Today we're going to connect Thio retail apparel data step. So let's start with the name. As you can see, we can easily connect to all the popular data warehouse easily. By just one single click here today, we're going to click to Snowflake. I'm gonna ask some detail he'd let me connect to my account here. Then we quickly enter those details here, and this would determine what data is available to me. I can go ahead and specify database to connect to as well, but I want to connect to all the tables and view. So let's go ahead and create a connection. Now the two systems are talking to each other. I can see all the data that's available available for me to connect to. Let's go ahead and connect to the starter apparel data source here and expanding that I can see all the data tables as available to me. I could go ahead and click on any table here, so there's affect herbal containing all the cells information. I also have the store and product information here I can make. I can choose any Data column that I want to include in my search. Available in soft spot, what can go ahead and select entire table, including all the data columns. I will. I would like to point out that this is important because if any given table that you have contains hundreds of columns it it may not be necessary for you to bring across all of those data columns, so thoughts would allow you to select what's relevant for your analysis. Now that's selected all the tables. Let's go ahead and create a connection. Now force what confirms the data columns that we have selected and start to read the medic metadata from Snowflake and automatically building that search index behind the scene. Now, if your daughter does contain information such as personal, identifiable information, then you can choose to turn those investing off. So none of that would be, um, on a hot spots platform. Now that my tables are ready here, I can actually go ahead and search straight away. Let's go ahead and have a look at the table here. I'm going to click on the fact table heat on the left hand side. It shows all the data column that we've brought across from Snowflake as well as the metadata that also brought over here as well. A preview off the data shows me off the data that's available on my snowflake platform. Let's take a look at the joints tap here. The joint step shows may relationship that has already been defined the foreign and primary care redefining snowflake, and we simply inherited he in fourth spot. However, you don't have toe define all of this relationship in snowflake to add a joint. He is also simple and easy. If I click on at a joint here, I simply select the table that I wanted to create a connection for. So select the fact table on the left, then select the product table onto the right here and then simply selected Data column would wish to join those two tables on Let's select Product ID and clicking next, and that's always required to create a joint between those two tables. But since we already have those strong relationship brought over from Snow Flag, I won't go ahead and do that Now. Now you have seen how the tables have brought over Let's go and have a look at how easy is to search coming to search here. Let's start with selecting the data table would brought over expanding the tables. You can see all the data column that we have previously seen from snowflake that. Let's say I wanna have a look at sales in last year. Let's start to type. And even before I start to type anything in the search bar passport already showing me all those suggestions, guiding me to the answers that's relevant to my need. Let's start with having a look at sales for 2019. And I want to see this across monthly for my trend and out off all of these product line he. I also want to focus on a product line called Jackets as I started partially typing the product line jacket for sport, already proactively recommending me all the matches that it has. So all the data values available for me to search as a filter here, let's go ahead and select jacket. And just like that, I get my answer straight away from Snowflake. Now that's relatively simple. Let's try something a little bit more complex. Let's say I wanna have a look at sales comparing across different regions, um, in us. So I want compare West compared to Southwest, and then I want to combat it against Midwest as well as against based on still and also want to see these trending monthly as well. Let's have look at monthly. If you can see that I can use terms such as monthly Key would like that to look at different times. Buckets. Now all of these is out of the box. As she can see, I didn't have to do any indexing. I didn't have to do any formulas in here. As long as there is a date column in the data set, crossbows able to dynamically calculate those time bucket so she can see. Just by doing that search, I was able to create dynamic groupings segment of different sales across the United States on the sales data here. Now that we've done doing search, you can see that across different tables here might not be the most user friendly layer we don't want uses having to individually select tables. And then, um, you know, selecting different columns with cryptic names in here. We want to make this easy for users, and that's when a work ship comes in. But those were were sheet encapsulate all of the data you want to make available for search as well as formulas, as well as business terminologies that the users are familiar with for a specific business area. Let's start with adding the daughter columns we need for this work shape. Want to slack all of the tables that we just brought across from Snowflake? Expanding each of those tables from the facts type of want sales from the fax table. We want sales as well as the date. Then on the store's table. We want store name as well as the stay eating, then expanding to the product we want name and finally product type. Now that we've got our work shit ready, let's go ahead and save it Now, in order to provide best experience for users to search, would want to optimize the work sheet here. So coming to the worksheet here, you can see the data column that we have selected. Let's start with changing this name to be more user friendly, so let's call it fails record. They will want to call it just simply date, store name, call it store, and then we also want state to be in lower case product name. Simply call it product and finally, product type can also further optimize this worksheet by adding, uh, other areas such as synonyms, so allow users to use terms of familiar with to do that search. So in sales, let's call this revenue and we all cannot also further configure the geo configuration. So want to identify state in here as state for us. And finally, we want Thio. Also add more friendly on a display on a currency. So let's change the currency type. I want to show it in U. S. Dollars. That's all we need. So let's try to change and let's get started on our search now coming back to the search here, Let's go ahead. Now select out worksheet that we have just created. If I don't select any specific tables or worksheets, force what Simply a search across everything that's available to you. Expanding the worksheet. We can see all of the data columns in heat that's we've made available and clicking on search bar for spot already. Reckon, making those recommendations in here to start off? Let's have a look at I wanna have a look at the revenue across different states for here today, so let's use the synonym that we have defined across the different states and we want to see this for here today. Um yesterday as well. I know that I also want to focus on the product line jacket that we have seen before, so let's go ahead and select jacket. Yeah, and just like that, I was able to get the answer straight away in third spot. Let's also share some data label here so we can see exactly the Mount as well to state that police performance across us in here. Now I've got information about the sales of jackets on the state. I want to ask next level question. I want to draw down to the store that has been selling these jackets right Click e. I want to drill down. As you can see out of the box. I didn't have to pre define any drill paths on a target. Reports simply allow me to navigate to the next level of detail to answer my own questions. One Click away. Now I see the same those for the jackets by store from year to date, and this is directly from snowflake data life Not gonna start relatively simple question. Let's go ahead and ask a question that's a little bit more complex. Imagine one. Have a look at Silas this year, and I want to see that by month, month over month or so. I want to see a month. Yeah, and I also want to see that our focus on a sale on the last week off the month. So that's where we see most. Sales comes in the last week off the month, so I want to focus on that as well. Let's focus on last week off each month. And on top of that, I also want to only focus on the top performing stores from last year. So I want to focus on the top five stores from last year, so only store in top five in sales store and for last year. And with that, we also want to focus just on the populist product types as well. So product type. Now, this could be very reasonable question that a business user would like to ask. But behind the scenes, this could be quite complex. But First part takes cares, or the complexity off the data allow the user to focus on the answer they want to get to. If we quickly have a look at the query here, this shows how forceful translate the search that were put in there into queries into that, we can pass on the snowflake. As you can see, the search uses all three tables as well shooting, utilizing the joints and the metadata layer that we have created. Switching over to the sequel here, this sequel actually generate on the fly pass on the snowflake in order for the snowflake to bring back to result and presented in the first spot. I also want to mention that in the latest release Off Hot Spot, we also bringing Embraced um, in the latest version, Off tosspot 6.3 story Q is also coming to embrace. That means one click or two analysis. Those who are in power users to monitor key metrics on kind of anomalies, identify leading indicators and isolate trends, as you can see in a matter of minutes. Using thought spot, we were able to connect to most popular on premise or on cloud data warehouses. We were able to get blazing fast answers to our searches, allow us to transform raw data to incite in the speed off thoughts. Ah, pass it back to you, James. >>Thanks, Anna. Wow, that was awesome. It's incredible to see how much committee achieved in such a short amount of time. I want to close this session by referring to a customer example of who, For those of you in the US, I'm sure you're familiar with who, Lou. But for our international audience, who Lou our immediate streaming service similar to a Netflix or Disney Plus, As you can imagine, the amount of data created by a service like this is massive, with over 32 million subscribers and who were asking questions of over 16 terabytes of data in snow folk. Using regular B I tools on top of this size of data would usually mean using summary or aggregate level data, but with thoughts. What? Who are able to get granular insights into the data, allowing them to understand what they're subscribes of, watching how their campaigns of performing and how their programming is being received, and take advantage of that data to reduce churn and increase revenue. So thank you for your time today. Through the session, you've seen just how simple it is to get thought spot up and running on your cloud data warehouse toe. Unlock the value of your data and minutes. If you're interested in trying this on your own data, you can sign up for a free 14 day trial of thoughts. What cloud? Right now? Thanks again, toe Anna for such awards and demo. And if you have any questions, please feel free to let us know. >>Awesome. Thank you, James and Anna. That was incredible. To see it in action and how it all came together on James. We do actually have a couple of questions in our last few minutes here, Anna. >>The first one will be >>for you. Please. This will be a two part question. One. What Cloud Data Warehouses does embrace support today. And to can we use embrace to connect to multiple data warehouses. Thank you, Mallory. Today embrace supports. Snowflake Google, Big query. Um, Red shift as you assign that Teradata advantage and essay Bahana with more sources to come in the future. And, yes, you can connect on live query from notable data warehouses. Most of our enterprise customers have gotta spread across several data warehouses like just transactional data and red Shift and South will start. It's not like, excellent on James will have the final question go to you, You please. Are there any size restrictions for how much data thought spot can handle? And does one need to optimize their database for performance, for example? Aggregations. >>Yeah, that's a great question. So, you know, as we've just heard from our customer, who there's, there's really no limits in terms of the amount of data that you can bring into thoughts Ponant connect to. We have many customers that have, in excess of 10 terabytes of data that they're connecting to in those cloud data warehouses. And, yeah, there's there's no need to pre aggregate or anything. Thought Spot works best with that transactional level data being able to get right down into the details behind it and surface those answers to the business uses. >>Excellent. Well, thank you both so much. And for everyone at home watching thank you for joining us for that session. You have a few minutes toe. Get up, get some water, get a bite of food. What? You won't want to miss this next panel in it. We have our chief data strategy off Officer Cindy, Housing speaking toe experts in the field from Deloitte Snowflake and Eagle Alfa. All on best practices for leveraging external data sources. See you there
SUMMARY :
I might be just a little bit biased, but I think it's going to be the best track of the day. to give you a look at just how simple and quick it is to connect thought spot to your cloud data warehouse and extract adjust the index to ensure the most relevant information is provided to you. source here and expanding that I can see all the data tables as available to me. Who are able to get granular insights into the data, We do actually have a couple of questions in our last few sources to come in the future. of data that they're connecting to in those cloud data warehouses. And for everyone at home watching thank you for joining
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Blake Scholl, Boom Supersonic | AWS re:Invent 2020
>>From around the globe. It's the cube with digital coverage of AWS reinvent 2020 sponsored by Intel and AWS. >>Welcome back to the cubes coverage of AWS reinvent 2020 live I'm Lisa Martin. Really exciting topic coming up for you next, please. Welcome Blake shoulda, founder and CEO of boom supersonic Blake. It's great to have you on the program. Thank you for having me, Lisa, and your background gives me all the way with what we're going to talk about in the next few minutes or so, but supersonic flight has existed for quite a long time, like 50 or so years. I think those of us in certain generations remember the Concorde for example, but the technology to make it efficient and mainstream is only recently been approved by or accepted by regulators. Tell us a little bit about boom, your mission to make the world more accessible with supersonic commercial flight. Well, a supersonic flight has >> actually been around since 1949 when Chuck Yeager broke the speed barrier or sorry, the sound barrier. >>And as, as many of you know, he actually passed yesterday, uh, 97. So very, very sad to see one of the supersonic pioneers behind us. Uh, but, uh, but as I say goodbye to Jaeger, a new era of supersonic flight is here. And if you look at the history of progress and transportation, since the Dawn of the industrial revolution, uh, we used to make regular progress and speed. As we went from, uh, the horse to the iron horse, to the, the boats, to the, the early propeller airplanes that have the jet age. And what happened was every time we made transportation faster, instead of spending less time traveling, we actually spent more time traveling because there were more places to go, more people to meet. Uh, we haven't had a world war since the Dawn of the jet age. Uh, places like Hawaii have become, uh, a major tourist destination. >>Uh, but today, uh, today it's been 60 years since we've had a mainstream re uh, step forward and speed. So what we're doing here at boom is picking up where Concord left off building an aircraft that flies faster by factor to the, anything you can get a ticket on today. And yet is 75% more affordable than Concorde was. So we want to make Australia as accessible as a why yesterday. We want to enable you to cross the Atlantic, do business, be home in time, detect your kids into bed, or take a three-day business trip to Asia and let you do it in just 24 >> hours. I like the sound of all of that. Even getting on a plane right now in general. I think we all do so, so interesting that you, you want to make this more accessible. And I did see the news about Chuck Yeager last night. >>Um, designing though the first supersonic airliner overture, it's called in decades, as you said, this dates back 60 years, rolling it out goal is to roll it out in 2025 and flying more than 500 trans oceanic routes. Talk to me about how you're leveraging technology and AWS to help facilitate that. Right. Well, so one of the really fascinating things is the new generation of airplanes, uh, are getting born in the cloud and then they're going to go fly through actual clouds. And so there are, there are a bunch of revolutions in technology that have happened since Concord's time that are enabling what we're doing now, their breakthroughs and materials. We've gone from aluminum to carbon fiber they're breakthroughs and engines. We've gone from after burning turbo jets that are loud and inefficient to quiet, clean, efficient turbo fans. But one of the most interesting breakthroughs has been in a available to do design digitally and iteration digitally versus, uh, versus physically. >>So when conquer was designed as an example, they were only able to do about a dozen wind tunnel tests because they were so expensive. And so time consuming and on, uh, on our XP one aircraft, which is our prototype that rolled out in October. Um, uh, we did hundreds of iterations of the design in virtual wind tunnels, where we could spin up a, uh, a simulation and HPC cluster in AWS, often more than 500 cores. And then we'd have our airplanes flying through virtual wind tunnels, thousands of flights scenarios you can figure out which were the losers, which were the winners keep iterating on the winners. And you arrive at an aerodynamic design that is more efficient at high speed. We're going very safely, very quickly in a straight line, but also a very smooth controllable for safe takeoff and landing. And the part of the artist supersonic airplane design is to accomplish both of those things. One, one airplane, and, uh, being able to design in the cloud, the cloud allows us to start up to do what previously only governments and militaries could do. I mentioned we rolled out our XP one prototype in October. That's the first time anyone has rolled out a supersonic civil aircraft since the Soviet union did it in 1968. And we're able to do as a startup because of computing. >>That's incredible born in the cloud to fly in the cloud. So talk to me about a lot of, of opportunity that technology has really accelerated. And we've seen a lot of acceleration this year in particular digital transformation businesses that if they haven't pivoted are probably in some challenging waters. So talk to us about how you're going all in with AWS to facilitate all these things that you just mentioned, which has dramatic change over 12, uh, when tone test for the Concord and how many times did it, >>Uh, I mean for 27 years, but not that many flights, never, it never changed the way mainstream, uh, never, never district some of you and I fly. Right. Um, so, so how, how are we going all in? So we've, you know, we've been using AWS for, uh, you know, basically since the founding of the company. Uh, but what we, what we're doing now is taking things that we were doing outside of the cloud and cloud. Uh, as an example, uh, we have 525 terabytes of XP one design and test data that what used to be backed up offsite. Um, and, and what we're doing is migrating into the cloud. And then your data is next. Your compute, you can start to do these really interesting things as an example, uh, you can run machine learning models to calibrate your simulations to your wind tunnel results, which accelerates convergence allows you to run more iterations even faster, and ultimately come up with a more efficient airplane, which means it's going to be more affordable for all of us to go to go break the sound barrier. >>And that sounds like kind of one of the biggest differences that you just said is that it wasn't built for mainstream before. Now, it's going to be accessibility affordability as well. So how are you going to be leveraging the cloud, you know, design manufacturing, but also other areas like the beyond onboard experience, which I'm already really excited to be participating in in the next few years. >>Yeah. So there's so many, so many examples. We've talked about design a little bit already. Uh, it's going to manifest in the manufacturing process, uh, where the, the, the, the, the supply chain, uh, will be totally digital. The factory operations will be run out of the cloud. You know, so what that means concretely is, uh, you know, literally there'll be like a million parts of this airplane. And for any given unit goes through their production line, you'll instantly know where they all are. Um, you'll know which serial numbers went on, which airplanes, uh, you'll understand, uh, if there was a problem with one of it, how you fixed it. And as you continue to iterate and refine the airplane, this, this is one of things that's actually a big deal, uh, with, with digital in the cloud is, you know, exactly what design iteration went into, exactly which airplane and, uh, and that allows you to actually iterate faster and any given airline with any given airplane will actually know exactly what, what airplane they have, but the next one that rolls off the line might be even a little bit better. >>And so it allows you to keep track of all of that. It allows you to iterate faster, uh, it allows you to spot bottlenecks in your supply chain before they impact production. Um, and then it allows you to, uh, to do preventive maintenance later. So there's to be digital interpretation all over the airplane, it's going to update the cloud on, you know, uh, are the engines running expected temperature. So I'm gonna run a little bit hot, is something vibrating more than it should vibrate. And so you catch these things way before there's any kind of real maintenance issue. You flag it in the cloud. The next time the airplane lands, there's a tech waiting for the airplane with whatever the part is and able to install it. And you don't have any downtime, and you're never anywhere close to a safety issue. You're able to do a lot more preventively versus what you can do today. >>Wow. So you have to say that you're going to be able to, to have a hundred percent visibility into manufacturing design, everything is kind of an understatement, but you launched XQ on your prototype in October. So during the pandemic, as I mentioned, we've been talking for months now on the virtual cube about the acceleration of digital transformation. Andy, Jassy talked about it in his keynote at AWS reinventing, reinventing this year, virtual, what were some of the, the, the advantages that you got, being able to stay on track and imagine if you were on track to launch in October during a time that has been so chaotic, uh, everywhere else, including air travel. >>Well, some of it's very analog, uh, and some of it's very digital. So to start with the analog, uh, we took COVID really seriously at Bo. Uh, we went into that, the pandemic first hit, we shut the company down for a couple of weeks, so we'd kind of get our feet underneath of us. And then we sort of testing, uh, everyone who had to work on the airplane every 14 days, we were religious about wearing masks. And as a result, we haven't had anyone catch COVID within the office. Um, and I'm super proud that we're able to stay productive and stay safe during the pandemic. Um, and you do that, but kind of taking it seriously, doing common sense things. And then there's the digital effort. And, uh, and so, you know, part of the company runs digitally. What we're able to do is when there's kind of a higher alert level, we go a little bit more digital when there's a lower alert level. >>Uh, we have more people in the office cause we, we still really do value that in-person collaboration and which brings it back through to a bigger point. It's been predicted for a long time, that the advent of digital communication is going to cause us not to need to travel. And, uh, what we've seen, you know, since the Dawn of the telephone is that it's actually been the opposite. The more you can know, somebody even a little bit, uh, at distance, the hungry you are to go see them in person, whether it's a business contact or someone you're in love with, um, no matter what it is, there's still that appetite to be there in person. And so I think what we're seeing with the digitization of communication is ultimately going to be very, um, uh, it's very complimentary with supersonic because you can get to know somebody a little bit over a long distance. You can have some kinds of exchanges and then you're, and then the friction for be able to see them in person is going to drop. And that is, uh, that's a wonderful combination. >>I think everybody on the planet welcomes that for sure, given what we've all experienced in the last year, you can have a lot of conversations by zoom. Obviously this was one of them, but there is to your point, something about that in-person collaboration that really takes things can anyway, to the next level. I am curious. So you launched XB one in October, as I mentioned a minute ago, and I think I read from one of your press releases planning to launch in 2025, the overture with over 500 trans oceanic routes. What can we expect from boom and the next year or two, are you on track for that 2025? >>Yeah. Things are going, things are going great. Uh, so to give a sense of what the next few years hold. So we rolled out the assembled XB one aircraft this year, uh, next year that's going to fly. And so that will be the first civil supersonic, uh, flying aircraft ever built by an independent company. Uh, and along the way, we are building the foundation of overture. So that design efforts happening now as XB one is breaking the sound barrier. We'll be finalizing the overture design in 22, we'll break ground in the factory in 23, we'll start building the first airplane and 25, we'll roll it out. And 26 we'll start flight tests. And, uh, and then we'll go through the flight test methodically, uh, systematically as carefully as we can, uh, and then be ready to carry passengers as soon as we are convinced that safe, which will be right around the end of the decade, most likely. >>Okay. Exciting. And so it sounds like you talked about the safety protocols that you guys put in place in the office, which is great. It's great to hear that, but also that this, this time hasn't derailed because you have the massive capabilities of, to be able to do all of the work that's necessary, way more than was done with before with the Concorde. And that you can do that remotely with cloud is a big facilitator of that communication. >>Yeah. You're able to do the cloud enables a lot of computational efficiencies. And I think about the, um, many times projects are not measured in how many months or years exactly does it take you to get done, but it's actually much easier to think about in terms of number of iterations. And so every time we do an airplane iteration, we look at the aerodynamics high speed. We look at the low speed. We look at the engine, uh, we look at the, the weights. Uh, we look at stability and control. We look at pilots, light aside, et cetera, et cetera. And every time you do an iteration, you're kind of looking around all of those and saying, what can I make better? But each one of those, uh, lines up a little bit differently with the rest now, for example, uh, uh, to get the best airplane aerodynamically, doesn't have a good view for the pilot. >>And that's why Concord had that droop nose famously get the nose out of the way so we can see the runway. And so we're able to do digital systems for virtual vision to let the pilot kind of look through the nose of the runway. But even then they're, trade-offs like, how, how good of an actual window do you need? And so your ability to make progress in all of this is proportional to how quickly you can make it around that, that iteration loop, that design cycle loop. And that's, that's part of where the cloud helps us. And we've, we've got some, uh, uh, some stuff we've built in house that runs on the cloud that lets you basically press a button with a whole set of airplane parameters. And bam, it gives you a, it gives you an instant report. I'm like, Oh, was it that this is a good change or bad change, uh, based on running some pretty high fidelity simulations with a very high degree of automation. And you can actually do many of those in parallel. And so it's about, you know, at this stage of the program, it's about accelerating, accelerating your design iterations, uh, giving everyone of the team visibility into those. And then, uh, I think you get together in person as it makes sense to now we're actually hitting a major design milestone with over-treat this week and we're, COVID testing everybody and get them all in the same room. Cause sometimes that in-person collaboration, uh, is really significant, even though you can still do so much digitally. >>I totally agree. There's there's certain things that you just can't replicate. Last question since my brother is a pilot for Southwest and retired Lieutenant Colonel from the air force, any special training that pilots will have to have, or are there certain pilots that are going to be maybe lower hanging fruit, if they have military experience versus commercial flight? Just curious. >>Yeah. So our XB one aircraft is being flown by test pilots. There's one ex Navy one ex air force on our crew, but, uh, overture, uh, will be accessible to any commercial pilot. So, uh, think about it as if you're, if you're used to flying Boeing, it'd be like switching to Airbus, uh, or vice versa. So the, uh, Concord is a complicated aircraft to fly because they didn't have computers. And all the complexity, the soup of supersonic flight was right there and the pilots and an overture, all that gets extracted by software. And, uh, you know, the, the, the ways the flight controls change over speed regimes. You don't have to worry about it, but the airplane is handled beautifully, no matter what you're doing. And so, uh, and so there are many, many places to innovate, but actually pilot experience, not one of them, >>Because the more conventional you can make it for people like your brother, the easier it's going to be for them to learn the aircraft. And therefore the safer it's going to be to fly. I'll let them know, like this has been fantastic, really exciting to see what boom supersonic is doing and the opportunities to make supersonic travel accessible. And I think at a time when everybody wants the world to open up, so by 20, 26, I'm going to be looking for my ticket. Awesome. Can't wait to have you on board. Likewise for Blake shul, I'm Lisa Martin. You're watching the QS live coverage of AWS reinvent 2020.
SUMMARY :
It's the cube with digital coverage of AWS It's great to have you on the program. the sound barrier. And as, as many of you know, he actually passed yesterday, uh, 97. We want to enable you to cross the Atlantic, And I did see the news about Chuck Yeager last night. And so there are, there are a bunch of revolutions in technology that have happened since Concord's time that And you arrive at an aerodynamic design that is more That's incredible born in the cloud to fly in the cloud. as an example, uh, you can run machine learning models to calibrate your simulations And that sounds like kind of one of the biggest differences that you just said is that it wasn't built for mainstream before. And as you continue to iterate all over the airplane, it's going to update the cloud on, you know, uh, are the engines running expected temperature. that you got, being able to stay on track and imagine if you were on track to launch in October And, uh, and so, you know, part of the company runs digitally. uh, what we've seen, you know, since the Dawn of the telephone is that it's actually the last year, you can have a lot of conversations by zoom. Uh, and along the way, we are building the foundation of overture. And that you can do that remotely with cloud is a big facilitator of that communication. And every time you do an iteration, you're kind of looking around all of those And then, uh, I think you get together in person as There's there's certain things that you just can't replicate. And, uh, you know, the, the, the ways the flight controls change over Because the more conventional you can make it for people like your brother, the easier it's going to be for them to learn
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Lumina Power Panel | CUBE Conversations, June 2020
>> Announcer: From the Cube Studios in Palo Alto in Boston, connecting with thought leaders all around the world, this is The Cube Conversation. >> Everyone welcome to this special live stream here in The Cube Studios. I'm John Furrier, your host. We've got a great panel discussion here for one hour, sponsored by Lumina PR, not sponsored but organized by Lumina PR. An authentic conversation around professionals in the news media, and communication professionals, how they can work together. As we know, pitching stories to national media takes place in the backdrop in today's market, which is on full display. The Coronavirus, racial unrest in our country and a lot of new tech challenges from companies, their role in society with their technology and of course, an election all make for important stories to be developed and reported. And we got a great panel here and the purpose is to bridge the two worlds. People trying to get news out for their companies in a way that's relevant and important for audiences. I've got a great panelists here, Gerard Baker Editor at Large with the Wall Street Journal, Eric Savitz, Associate Editor with Barron's and Brenna Goth who's a Southwest Staff Correspondent with Bloomberg Publications. Thanks for joining me today, guys, appreciate it. >> Thank you. >> So we're going to break this down, we got about an hour, we're going to probably do about 40 minutes. I'd love to get your thoughts in this power panel. And you guys are on the front lines decades of experience, seeing these waves of media evolve. And now more than ever, you can't believe what's happening. You're seeing the funding of journalism really challenging at an all time high. You have stories that are super important to audiences and society really changing and we need this more than ever to have more important stories to be told. So this is really a challenge. And so I want to get your thoughts on this first segment. The challenge is around collecting the data, doing the analysis, getting the stories out, prioritizing stories in this time. So I'd love to get your thoughts. We'll start with you, Brenna, what's your thoughts on this as you're out there in Arizona. Coronavirus on the worst is one of the states there. What are your challenges? >> I would say for me, one of the challenges of the past couple months is just the the sheer influx of different types of stories we've had and the amount of news coming out. So I think one of the challenging things is a lot of times we'll get into a bit of a routine covering one story. So early on maybe the Coronavirus, and then something else will come up. So I personally have been covering some of the Coronavirus news here in Arizona and in the Southwest, as well as some of the protests we've seen with the Black Lives Matter movement. And prioritizing that is pretty difficult. And so one thing that I I've been doing is I've noticed that a lot of my routine projects or things I've been working on earlier in the year are off the table, and I'll get back to them when I have time. But for now, I feel like I'm a little bit more on breaking news almost every day in a way that I wasn't before. >> Gerard, I want to get your thoughts on this. Wall Street Journal has been since I could remember when the web hit the scene early on very digital savvy. Reporting, it's obviously, awesome as well. As you have people in sheltering in place, both journalists and the people themselves and the companies, there's an important part of the digital component. How do you see that as an opportunity and a challenge at the same time because you want to get data out there, you want to be collecting and reporting those stories? How do you see that opportunity, given the challenge that people can't meet face to face? >> First of all, thank you very much for having me. I think as we've all discovered in all fields of endeavor in the last three months, it's been quite a revelation, how much we can do without using without access to the traditional office environment. I think one of the things that Coronavirus, this crisis will have done we all agree I think is that it will have fundamentally changed the way people work. There'll be a lot more people quite a bit more working from home. They'll be a lot more remote working. Generally, there'll be a lot less travel. So on the one hand, it's been eye opening. actually how relatively easy, I use that word carefully. But how we've managed, and I think it's true of all news organizations, how we've managed surprisingly well, I think, without actually being at work. At the Wall Street Journal, we have a big office, obviously in midtown Manhattan, as well as dozens of bureaus around the world. Nobody has really been in that office since the middle of March. And yet we've put out a complete Wall Street Journal product, everything from the print edition, obviously, through every aspect of digital media, the website, all of the apps, video, everything, audio, podcasts. We've been able to do pretty well everything that we could do when we were all working in the office. So I think that will be an important lesson and that will clearly induce some change, some long term changes, I think about the way we work. That said, I'd point to two particular challenges that I think we have not properly overcome. Or if you like that we have, the two impediments, that the crisis has produced for us. One is, as you said, the absence of face to face activity, the hive process, which I think is really important. I think that a lot of the best ideas, a lot of the best, the best stories are developed through conversations between people in an office which don't necessarily we can't necessarily replicate through the online experience through this kind of event or through the Zoom meetings that we've all been doing. I think that has inhibited to some extent, some of the more creative activity that we could have done. I think the second larger problem which we all must face with this is that being essentially locked up in our homes for more than three months, which most of us has been I think accentuates a problem that is already that has been a problem in journalism for a long time, which is that journalists tend to cluster in the major metropolitan areas. I think, a couple of years ago, I read a study which said, I think that more than three quarters of journalists work for major news organizations, print, digital TV, radio, whatever, live and work in one of four major metropolises in the US. That's the New York area, the Washington DC area, the San Francisco area and the LA area. And that tends to create a very narrow worldview, unfortunately, because not enough people either come from those areas, but from outside those areas or spend enough time talking to people from outside those areas. And I think the Coronavirus has accentuated that. And I think in terms of coverage, I'm here in New York. I've been in New York continuously for three and a half months now which is quite unusual, I usually travel a lot. And so my reporting, I write columns now, mainly, but obviously I talk to people too. But the reporting, the editing that we're doing here is inevitably influenced by the experience that we've had in New York, which has obviously been, frankly, devastating. New York has been devastated by Coronavirus in a way that no where else in the country has. And I think to some extent, that does, perhaps have undue influence on the coverage. We're all locked up. We're all mindful of our own health. We're all mindful of people that we know who've gone to hospital or have been very, very sick or where we are, we are heavily influenced by our own immediate environment. And I think that has been a problem if we had been, imagine if the journalists in the country, instead of being clustered in New York and LA and San Francisco had been sort of spread over Texas and Missouri and Florida, things like that. I think you'd have a very different overall accounting of this story over the last three months. So I think it's just, it's accentuated that phenomenon in journalism, which I think we're mindful of, and which we all need to do a better job of addressing. >> It's really interesting. And I want to come back to that point around, who you're collaborating with to get this, now we have virtual ground truth, I guess, how you collaborate. But decision making around stories is, you need an open mind. And if you have this, I guess, I'll call it groupthink or clustering is interesting, now we have digital and we have virtual, it opens up the aperture but we still have the groupthink. But I want to get Eric's take first on his work environment, 'cause I know you've lived on both sides of New York and San Francisco area, as well as you've worked out in the field for agencies, as well on the other side, on the storytelling side. How has this current news environment, journalism environment impacted your view and challenges and your opportunities that you're going after the news? >> Well, so there's there's a few elements here. So one, Barron's Of course, covers the world, looks at the world through a financial lens. We cover the stock market every day. The stock market is not the center of story, but it is an important element of what's been unfolding over the last few months and the markets have been incredibly volatile, we change the way that we approach the markets. Because everything, the big stories are macro stories, huge swings in stock prices, huge swings in the price of oil, dramatic moves in almost every financial security that you can imagine. And so there's a little bit of a struggle for us as we try and shift our daily coverage to be a little more focused on the macro stories as we're still trying to tell what's happening with individual stocks and companies, but these bigger stories have changed our approach. So even if you look at say the covers of our magazine over the last few months, typically, we would do a cover on a company or an investor, that sort of thing. And now they're all big, thematic stories, because the world has changed. And world is changing how it looks at the financial markets. I think one thing that that Gerard touched on is the inability to really leave your house. I'm sitting in my little home office here, where I've been working since March, and my inability to get out and talk to people in person to have some, some interface with the companies and people that I cover, makes it tougher. You get story ideas from those interactions. I think Gerard said some of it comes from your interactions with your colleagues. But some of that also just comes from your ability to interact with sources and that is really tougher to do. It's more formalistic if you do it online. It's just not the same to be on a Zoom call as to be sitting in a Starbucks with somebody and talking about what's going on. I think the other elements of this is that there's, we have a lot of attempts, trying new things trying to reach our readers. We'll do video sessions, we'll do all sorts of other things. And it's one more layer on top of everything else is that there's a lot of demands on the time for the people who are working in journalism right now. I would say one other thing I'll touch on, John, which is, you mentioned, I did use, I worked for public communications for a while, and I do feel their pain because the ability to do any normal PR pitching for new products, new services, the kinds of things that PR people do every day is really tough. It's just really hard to get anybody's attention for those things right now. And the world is focused on these very large problems. >> Well, we'll unpack the PR comms opportunities in the next section. But I want to to just come back to this topic teased out from Gerard and Brenna when you guys were getting out as well. This virtual ground truth, ultimately, at the end of the day, you got to get the stories, you got to report them, they got to be distributed. Obviously, the Wall Street Journal is operating well, by the way, I love the Q&A video chats and what they got going on over there. So the format's are evolving and doing a good job, people are running their business. But as journalists and reporters out there, you got to get the truth and the ground truth comes from interaction. So as you have an aperture with digital, there's also groupthink on, say, Twitter and these channels. So getting in touch with the audience to have those stories. How are you collecting the data? How are you reporting? Has anything changed or shifted that you can point to because ultimately, it's virtual. You still got to get the ground truth, you still got to get the stories. Any thoughts on this point? >> I think in a way what we're seeing is in writ large actually is a problem again, another problem that I think digital journalism or the digital product digital content, if you like, actually presents for us today, which is that it's often said, I think rightly, that one of the, as successful as a lot of digital journalism has been and thank you for what you said about the Wall Street Journal. And we have done a tremendous job and by the way, one of the things that's been a striking feature of this crisis has been the rapid growth in subscriptions that we've had at the Journal. I know other news organizations have too. But we've benefited particularly from a hunger for the quality news. And we've put on an enormous number subscriptions in the last three months. So we've been very fortunate in that respect. But one of the challenges that people always say, one of the one of the drawbacks that people always draw attention to about digital content is that there's a lack of, for want of a better words, serendipity about the experience. When you used to read a newspaper, print newspapers, when may be some of us are old enough to remember, we'd get a newspaper, we'd open it up, we'd look at the front page, we look inside, we'd look at what other sections they were. And we would find things, very large number of things that we weren't particularly, we weren't looking for, we weren't expecting to, we're looking for a story about such. With the digital experience, as we know, that's a much it's a much less serendipitous experience. So you tend to a lot of search, you're looking, you find things that you tend to be looking for, and you find fewer things that, you follow particular people on social media that you have a particular interest in, you follow particular topics and have RSS feeds or whatever else you're doing. And you follow things that, you tend to find things that you were looking for. You don't find many things you weren't. What I think that the virus, the being locked up at home, again, has had a similar effect. That we, again, some of the best stories that I think anybody comes across in life, but news organizations are able to do are those stories that you know that you come across when you might have been looking for something else. You might have been working on a story about a particular company with a particular view to doing one thing and you came across somebody else. And he or she may have told you something actually really quite different and quite interesting and it took you in a different direction. That is easier to do when you're talking to people face to face, when you're actually there, when you're calling, when you're tasked with looking at a topic in the realm. When you are again, sitting at home with your phone on your computer, you tend to be more narrowly so you tend to sort of operate in lanes. And I think that we haven't had the breadth probably of journalism that I think you would get. So that's a very important you talk about data. The data that we have is obviously, we've got access broadly to the same data that we would have, the same electronically delivered data that we would have if we'd been sitting in our office. The data that I think in some ways is more interesting is the non electronically delivered data that is again, the casual conversation, the observation that you might get from being in a particular place or being with someone. The stimuli that arise from being physically in a place that you just aren't getting. And I think that is an important driver of a lot of stories. And we're missing that. >> Well, Gerard, I just want to ask real quick before I go to Brenna on her her take on this. You mentioned the serendipity and taking the stories in certain directions from the interactions. But also there's trust involved. As you build that relationship, there's trust between the parties, and that takes you down that road. How do you develop trust as you are online now? Is there a methodology or technique? Because you want to get the stories out fast, it's a speed game. But there's also the development side of it where a trust equation needs to build. What's your thoughts on that piece? Because that's where the real deeper stories come from. >> So I wasn't sure if you're asking me or Gerard. >> Gerard if he wants can answer that is the trust piece. >> I'll let the others speak to that too. Yeah, it is probably harder to... Again, most probably most people, most stories, most investigative stories, most scoops, most exclusives tend to come from people you already trust, right? So you've developed a trust with them, and they've developed a trust with you. Perhaps more importantly, they know you're going to treat the story fairly and properly. And that tends to develop over time. And I don't think that's been particularly impaired by this process. You don't need to have a physical proximity with someone in order to be able to develop that trust. My sources, I generally speak to them on the phone 99% of the time anyway, and you can still do that from home. So I don't think that's quite... Obviously, again, there are many more benefits from being able to actually physically interact with someone. But I think the level of, trust takes a long time to develop, let's be honest, too, as well. And I think you develop that trust both by developing good sources. and again, as I said, with the sources understanding that you're going to do the story well. >> Brenna, speed game is out there, you got to get stories fast. How do you balance speed and getting the stories and doing some digging into it? What's your thoughts on all this? >> I would say, every week is looking different for me these days. A lot of times there are government announcements coming out, or there are numbers coming out or something that really does require a really quick story. And so what I've been trying to do is get those stories out as quick as possible with maybe sources I already have, or really just the facts on the ground I can get quickly. And then I think in these days, too, there is a ton of room for following up on things. And some news event will come out but it sparks another idea. And that's the time to that when I'm hearing from PR people or I'm hearing from people who care about the issue, right after that first event is really useful for me to hear who else is thinking about these things and maybe ways I can go beyond the first story for something that more in depth and adds more context and provides more value to our readers. >> Awesome. Well, guys, great commentary and insight there on the current situation. The next section is with the role of PR, because it's changing. I've heard the term earned media is a term that's been kicked around. Now we're all virtual, and we're all connected. The media is all virtual. It's all earned at this point. And that's not just a journalistic thing, there's storytelling. There's new voices emerging. You got these newsletter services, audiences are moving very quickly around trying to figure out what's real. So comms folks are trying to get out there and do their job and tell a story. And sometimes that story doesn't meet the cadence of say, news and/or reporting. So let's talk about that. Eric, you brought this up. You have been on both sides. You said you feel for the folks out there who are trying to do their job. How is the job changing? And what can they do now? >> The news cycle is so ferocious at the moment that it's very difficult to insert your weigh in on something that doesn't touch on the virus or the economy or social unrest or the volatility of the financial markets. So I think there's certain kinds of things that are probably best saved for another moment in time, If you're trying to launch new products or trying to announce new services, or those things are just tougher to do right now. I think that the most interesting questions right now are, If I'm a comms person, how can I make myself and my clients a resource to media who are trying to tell stories about these things, do it in a timely way, not overreach, not try insert myself into a story that really isn't a good fit? Now, every time one of these things happen, we got inboxes full of pitches for things that are only tangentially relevant and are probably not really that helpful, either to the reporter generally or to the client of the firm that is trying to pitch an idea. But I will say on the on this at the same time that I rely on my connections to people in corporate comms every single day to make connections with companies that I cover and need to talk to. And it's a moment when almost more than ever, I need immediacy of response, accurate information access to the right people at the companies who I'm trying to cover. But it does mean you need to be I think sharper or a little more pointed a little more your thinking about why am I pitching this person this story? Because the there's no time to waste. We are working 24 hours a day is what it feels like. You don't want to be wasting people's time. >> Well, you guys you guys represent big brands in media which is phenomenal. And anyone would love to have their company mentioned obviously, in a good way, that's their goal. But the word media relations means you relate to the media. If there's no media to relate to, the roles change, and there's not enough seats at the table, so to speak. So getting a clip on in the clip book that gets sent to management, look, "We're on Bloomberg." "Great, check." But is at it? So people, this is a department that needs to do more. Is there things that they can do, that isn't just chasing, getting on your franchises stories? Because it obviously would be great if we were all on Barron's Wall Street Journal, and Bloomberg, but they can't always get that. They still got to do more. They got to develop the relationships. >> John, one thing I would be conscious of here is that many of our publications, it's certainly true for journalists, true for us at Barron's and it's certainly true for Bloomberg. We're all multimedia publishers. We're doing lots of things. Barron's has television show on Fox. We have a video series. We have podcasts and newsletters, and daily live audio chats and all sorts of other stuff in addition to the magazine and the website. And so part of that is trying to figure out not just the right publication, but maybe there's an opportunity to do a very particular, maybe you'd be great fit for this thing, but not that thing. And having a real understanding of what are the moving parts. And then the other part, which is always the hardest part, in a way, is truly understanding not just I want to pitch to Bloomberg, but who do I want to pitch at Bloomberg. So I might have a great story for the Wall Street Journal and maybe Gerard would care but maybe it's really somebody you heard on the street who cares or somebody who's covering a particular company. So you have to navigate that, I think effectively. And even, more so now, because we're not sitting in a newsroom. I can't go yell over to somebody who's a few desks away and suggest they take a look at something. >> Do you think that the comm-- (talk over each other) Do you think the comms teams are savvy and literate in multimedia? Are they still stuck in the print ways or the group swing is they're used to what they're doing and haven't evolved? Is that something that you're seeing here? >> I think it varies. Some people will really get it. I think one of the things that that this comes back to in a sense is it's relationship driven. To Gerard's point, it's not so much about trusting people that I don't know, it's about I've been at this a long time, I know what people I know, who I trust, and they know the things I'm interested in and so that relationship is really important. It's a lot harder to try that with somebody new. And the other thing is, I think relevant here is something that we touched on earlier, which is the idiosyncratic element. The ability for me to go out and see new things is tougher. In the technology business, you could spend half your time just going to events, You could go to the conferences and trade shows and dinners and lunches and coffees all day long. And you would get a lot of good story ideas that way. And now you can't do any of that. >> There's no digital hallway. There are out there. It's called Twitter, I guess or-- >> Well, you're doing it from sitting in this very I'm still doing it from sitting in the same chair, having conversations, in some ways like that. But it's not nearly the same. >> Gerard, Brenna, what do you guys think about the comms opportunity, challenges, either whether it's directly or indirectly, things that they could do differently? Share your thoughts. Gerard, we'll start with you? >> Well, I would echo Eric's point as far as knowing who you're pitching to. And I would say that in, at least for the people I'm working with, some of our beats have changed because there are new issues to cover. Someone's taking more of a role covering virus coverage, someone's taking more of a role covering protests. And so I think knowing instead of casting a really wide net, I'm normally happy to try to direct pitches in the right direction. But I do have less time to do that now. So I think if someone can come to me and say, "I know you've been covering this, "this is how my content fits in with that." It'd grab my attention more and makes it easier for me. So I would say that that is one thing that as beats are shifting and people are taking on a little bit of new roles in our coverage, that that's something PR and marketing teams could definitely keep an eye on. >> I agree with all of that. And all everything everybody said. I'd say two very quick things. One, exactly as everybody said, really know who you are pitching to. It's partly just, it's going to be much more effective if you're pitching to the right person, the right story. But when I say that also make the extra effort to familiarize yourself with the work that that reporter or that editor has done. You cannot, I'm sorry to say, overestimate the vanity of reporters or editors or anybody. And so if you're pitching a story to a particular reporter, in a field, make sure you're familiar with what that person may have done and say to her, "I really thought you did a great job "on the reporting that you did on this." Or, "I read your really interesting piece about that," or "I listened to your podcast." It's a relatively easy thing to do that yields extraordinarily well. A, because it appeals to anybody's fantasy and we all have a little bit of that. But, B, it also suggests to the reporter or the editor or the person involved the PR person communications person pitching them, really knows this, has really done their work and has really actually takes this seriously. And instead of just calling, the number of emails I get, and I'm sure it's the same for the others too, or occasional calls out of the blue or LinkedIn messages. >> I love your work. I love your work. >> (voice cuts out) was technology. Well, I have a technology story for you. It's absolutely valueless. So that's the first thing, I would really emphasize that. The second thing I'd say is, especially on the specific relation to this crisis, this Coronavirus issue is it's a tricky balance to get right. On the one hand, make sure that what you're doing what you're pitching is not completely irrelevant right now. The last three months has not been a very good time to pitch a story about going out with a bunch of people to a crowded restaurant or whatever or something like that to do something. Clearly, we know that. At the same time, don't go to the other extreme and try and make every little thing you have seen every story you may have every product or service or idea that you're pitching don't make it the thing that suddenly is really important because of Coronavirus. I've seen too many of those too. People trying too hard to say, "In this time of crisis, "in this challenging time, what people really want to hear "about is "I don't know, "some new diaper "baby's diaper product that I'm developing or whatever." That's trying too hard. So there is something in the middle, which is, don't pitch the obviously irrelevant story that is just not going to get any attention through this process. >> So you're saying don't-- >> And at the same time, don't go too far in the other direction. And essentially, underestimate the reporter's intelligence 'cause that reporter can tell you, "I can see that you're trying too hard." >> So no shotgun approach, obviously, "Hey, I love your work." Okay, yeah. And then be sensitive to what you're working on not try to force an angle on you, if you're doing a story. Eric, I want to get your thoughts on the evolution of some of the prominent journalists that I've known and/or communication professionals that are taking roles in the big companies to be storytellers, or editors of large companies. I interviewed Andy Cunningham last year, who used to be With Cunningham Communications, and formerly of Apple, better in the tech space and NPR. She said, "Companies have to own their own story "and tell it and put it out there." I've seen journalists say on Facebook, "I'm working on a story of x." And then crowdsource a little inbound. Thoughts on this new role of corporations telling their own story, going direct to the consumers. >> I think to a certain extent, that's valuable. And in some ways, it's a little overrated. There are a lot of companies creating content on their websites, or they're creating their own podcasts or they're creating their own newsletter and those kinds of things. I'm not quite sure how much of that, what the consumption level is for some of those things. I think, to me, the more valuable element of telling your story is less about the form and function and it's more about being able to really tell people, explain to them why what they do matters and to whom it matters, understanding the audience that's going to want to hear your story. There are, to your point, there are quite a few journalists who have migrated to either corporate communications or being in house storytellers of one kind or another for large businesses. And there's certainly a need to figure out the right way to tell your story. I think in a funny way, this is a tougher moment for those things. Because the world is being driven by external events, by these huge global forces are what we're all focused on right now. And it makes it a lot tougher to try and steer your own story at this particular moment in time. And I think you do see it Gerard was talking about don't try and... You want to know what other people are doing. You do want to be aware of what others are writing about. But there's this tendency to want to say, "I saw you wrote a story about Peloton "and we too have a exercise story that you can, "something that's similar." >> (chuckles) A story similar to it. We have a dance video or something. People are trying to glam on to things and taking a few steps too far. But in terms of your original question, it's just tougher at the moment to control your story in that particular fashion, I think. >> Well, this brings up a good point. I want to get to Gerard's take on this because the Wall Street Journal obviously has been around for many, many decades. and it's institution in journalism. In the old days, if you weren't relevant enough to make the news, if you weren't the most important story that people cared about, the editors make that choice and you're on the front page or in a story editorially. And companies would say, "No, but I should be in there." And you'd say, "That's what advertising is for." And that's the way it seemed to work in the past. If you weren't relevant in the spirit of the decision making of important story or it needs to be communicated to the audience, there's ads for that. You can get a full page ad in the old days. Now with the new world, what's an ad, what's a story? You now have multiple omni-channels out there. So traditionally, you want to get the best, most important story that's about relevance. So companies might not have a relevant story and they're telling a boring story. There's no there, there, or they miss the story. How do you see this? 'Cause this is the blend, this is the gray area that I see. It's certainly a good story, depending on who you're talking to, the 10 people who like it. >> I think there's no question. We're in the news business, topicality matters. You're going to have a much better chance of getting your story, getting your product or service, whatever covered by the Wall Street Journal, Barron's or anywhere else for that matter, if it seems somehow news related, whether it's the virus or the unrest that we've been seeing, or it's to do with the economy. Clearly, you can have an effect. Newspapers, news organizations of all the three news organizations we represent don't just, are not just obviously completely obsessed with what happened this morning and what's going on right now. We are all digging into deeper stories, especially in the business field. Part of what we all do is actually try to get beyond the daily headlines. And so what's happening with the fortunes of a particular company. Obviously, they may be impacted by they're going to be impacted by the lockdown and Coronavirus. But they actually were doing some interesting things that they were developing over the long term, and we would like to look into that too. So again, there is a balance there. And I'm not going to pretend that if you have a really topical story about some new medical device or some new technology for dealing with this new world that we're all operating in, you're probably going to get more attention than you would if you don't have that. But I wouldn't also underestimate, the other thing is, as well as topicality, everybody's looking at the same time to be different, and every journalist wants to do something original and exclusive. And so they are looking for a good story that may be completely unrelated. In fact, I would also underestimate, I wouldn't underestimate either the desire of readers and viewers and listeners to actually have some deeper reported stories on subjects that are not directly in the news right now. So again, it's about striking the balance right. But I wouldn't say that, that there is not at all, I wouldn't say there is not a strong role for interesting stories that may not have anything to do what's going on with the news right now. >> Brenna, you want to add on your thoughts, you're in the front lines as well, Bloomberg, everyone wants to be on Bloomberg. There's Bloomberg radio. You guys got tons of media too, there's tons of stuff to do. How do they navigate? And how do you view the interactions with comms folks? >> It looks we're having a little bit of challenge with... Eric, your thoughts on comm professionals. The questions in the chats are everything's so fast paced, do you think it's less likely for reporters to respond to PR comms people who don't have interacted with you before? Or with people you haven't met before? >> It's an internal problem. I've seen data that talks about the ratio of comms people to reporters, and it's, I don't know, six or seven to one or something like that, and there are days when it feels like it's 70 to one. And so it is challenging to break through. And I think it's particularly challenging now because some of the tools you might have had, you might have said, "Can we grab coffee one day or something like that," trying to find ways to get in front of that person when you don't need them. It's a relationship business. I know this is a frustrating answer, but I think it's the right answer which is those relationships between media and comms people are most successful when they've been established over time. And so you're not getting... The spray and pray strategy doesn't really work. It's about, "Eric, I have a story that's perfect for you. "And here's why I think you you should talk to this guy." And if they really know me, there's a reasonable chance that I'll not only listen to them, but I'll at least take the call. You need to have that high degree of targeting. It is really hard to break through and people try everything. They try, the insincere version of the, "I read your story, it was great. "but here's another great story." Which maybe they read your story, maybe they didn't at least it was an attempt. Or, "if you like this company, you'll love that one." People try all these tricks to try and get get to you. I think the highest level of highest probability of success comes from the more information you have about not just what I covered yesterday, but what do I cover over time? What kinds of stories am I writing? What kinds of stories does the publication write? And also to keep the pitching tight, I was big believer when I was doing comms, you should be able to pitch stories in two sentences. And you'll know from that whether there's going to be connection or not, don't send me five or more pitches. Time is of the essence, keep it short and as targeted as possible. >> That's a good answer to Paul Bernardo's question in the chat, which is how do you do the pitch. Brenna, you're back. Can you hear us? No. Okay. We'll get back to her when she gets logged back in. Gerard, your thoughts on how to reach you. I've never met you before, if I'm a CEO or I'm a comms person, a company never heard of, how do I get your attention? If I can't have a coffee with you with COVID, how do I connect with you virtually? (talk over each other) >> Exactly as Eric said, it is about targeting, it's really about making sure you are. And again, it's, I hate to say this, but it's not that hard. If you are the comms person for a large or medium sized company or even a small company, and you've got a particular pitch you want to make, you're probably dealing in a particular field, a particular sector, business sector or whatever. Let's say it says not technology for change, let's say it's fast moving consumer goods or something like that. Bloomberg, Brenna is in an enormous organization with a huge number of journalist you deal and a great deal of specialism and quality with all kinds of sectors. The Wall Street Journal is a very large organization, we have 13, 1400 reporters, 13 to 1400 hundred journalist and staff, I should say. Barron's is a very large organization with especially a particularly strong field coverage, especially in certain sectors of business and finance. It's not that hard to find out A, who is the right person, actually the right person in those organizations who's been dealing with the story that you're trying to sell. Secondly, it's absolutely not hard to find out what they have written or broadcast or produced on in that general field in the course of the last, and again, as Eric says, going back not just over the last week or two, but over the last year or two, you can get a sense of their specialism and understand them. It's really not that hard. It's the work of an hour to go back and see who the right person is and to find out what they've done. And then to tailor the pitch that you're making to that person. And again, I say that partly, it's not purely about the vanity of the reporter, it's that the reporter will just be much more favorably inclined to deal with someone who clearly knows, frankly, not just what they're pitching, but what the journalist is doing and what he or she, in his or her daily activity is actually doing. Target it as narrowly as you can. And again, I would just echo what Eric and I think what Brenna was also saying earlier too that I'm really genuinely surprised at how many very broad pitches, again, I'm not directly in a relative role now. But I was the editor in chief of the Journal for almost six years. And even in that position, the number of extraordinarily broad pitches I get from people who clearly didn't really know who I was, who didn't know what I did, and in some cases, didn't even really know what Wall Street Journal was. If you can find that, if you actually believe that. It's not hard. It's not that hard to do that. And you will have so much more success, if you are identifying the organization, the people, the types of stories that they're interested in, it really is not that difficult to do. >> Okay, I really appreciate, first of all, great insight there. I want to get some questions from the crowd so if you're going to chat, there was a little bit of a chat hiccup in there. So it should be fixed. We're going to go to the chat for some questions for this distinguished panel. Talk about the new coffee. There's a good question here. Have you noticed news fatigue, or reader seeking out news other than COVID? If so, what news stories have you been seeing trending? In other words, are people sick and tired of COVID? Or is it still on the front pages? Is that relevant? And if not COVID, what stories are important, do you think? >> Well, I could take a brief stab at that. I think it's not just COVID per se, for us, the volatility of the stock market, the uncertainties in the current economic environment, the impact on on joblessness, these massive shifts of perceptions on urban lifestyles. There's a million elements of this that go beyond the core, what's happening with the virus story. I do think as a whole, all those things, and then you combine that with the social unrest and Black Lives Matter. And then on top of that, the pending election in the fall. There's just not a lot of room left for other stuff. And I think I would look at it a little bit differently. It's not finding stories that don't talk on those things, it's finding ways for coverage of other things whether it's entertainment. Obviously, there's a huge impact on the entertainment business. There's a huge impact on sports. There's obviously a huge impact on travel and retail and restaurants and even things like religious life and schooling. I have the done parents of a college, was about to be a college sophomore, prays every day that she can go back to school in the fall. There are lots of elements to this. And it's pretty hard to imagine I would say to Gerard's point earlier, people are looking for good stories, they're always looking for good stories on any, but trying to find topics that don't touch on any of these big trends, there's not a lot of reasons to look for those. >> I agree. Let me just give you an example. I think Eric's exactly right. It's hard to break through. I'll just give you an example, when you asked that question, I just went straight to my Wall Street Journal app on my phone. And of course, like every organization, you can look at stories by sections and by interest and by topic and by popularity. And what are the three most popular stories right now on the Wall Street Journal app? I can tell you the first one is how exactly do you catch COVID-19? I think that's been around since for about a month. The second story is cases accelerate across the United States. And the third story is New York, New Jersey and Connecticut, tell travelers from areas with virus rates to self isolate. So look, I think anecdotally, there is a sense of COVID fatigue. Well, we're all slightly tired of it. And certainly, we were probably all getting tired, or rather distressed by those terrible cases and when we've seen them really accelerate back in March and April and these awful stories of people getting sick and dying. I was COVID fatigued. But I just have to say all of the evidence we have from our data, in terms of as I said earlier, the interest in the story, the demand for what we're doing, the growth in subscriptions that we've had, and just as I said, little things like that, that I can point you at any one time, I can guarantee you that our among our top 10 most read stories, at least half of them will be COVID-19. >> I think it's safe to say general interest in that outcome of progression of that is super critical. And I think this brings up the tech angle, which we can get into a minute. But just stick with some of these questions I just want to just keep these questions flowing while we have a couple more minutes left here. In these very challenging times for journalism, do byline articles have more power to grab the editors attention in the pitching process? >> Well, I think I assume what the questioner is asking when he said byline articles is contributed. >> Yes. >> Contributed content. Barron's doesn't run a lot of contributing content that way in a very limited way. When I worked at Forbes, we used to run tons of it. I'm not a big believer that that's necessarily a great way to generate a lot of attention. You might get published in some publication, if you can get yourself onto the op ed page of The Wall Street Journal or The New York Times, more power to you. But I think in most cases-- >> It's the exception not the rule Exception not the rule so to speak, on the big one. >> Yeah. >> Well, this brings up the whole point about certainly on SiliconANGLE, our property, where I'm co founder and chief, we basically debate over and get so many pitches, "hey, I want to write for you, here's a contributed article." And it's essentially an advertisement. Come on, really, it's not really relevant. In some case we (talk over each other) analysts come in and and done that. But this brings up the question, we're seeing these newsletters like sub stack and these services really are funding direct journalism. So it's an interesting. if you're good enough to write Gerard, what's your take on this, you've seen this, you have a bit of experience in this. >> I think, fundamental problem here is that is people like the idea of doing by lines or contributed content, but often don't have enough to say. You can't just do, turn your marketing brochure into a piece of an 800 word with the content that that's going to be compelling or really attract any attention. I think there's a place for it, if you truly have something important to say, and if you really have something new to say, and it's not thinly disguised marketing material. Yeah, you can find a way to do that. I'm not sure I would over-rotate on that as an approach. >> No, I just briefly, again, I completely agree. At the Journal we just don't ever publish those pieces. As Eric says, you're always, everyone is always welcome to try and pitch to the op ed pages of the Journal. They're not generally going to I don't answer for them, I don't make those decisions. But I've never seen a marketing pitch run as an op ed effectively. I just think you have to know again, who you're aiming at. I'm sure it's true for Bloomberg, Barron's and the Journal, most other major news organizations are not really going to consider that. There might be organizations, there might be magazines, digital and print magazines. There might be certain trade publications that would consider that. Again, at the Journal and I'm sure most of the large news organizations, we have very strict rules about what we can publish. And how and who can get published. And it's essentially journal editorials, that journal news staff who can publish stories we don't really take byline, outside contribution. >> Given that your time is so valuable, guys, what's the biggest, best practice to get your attention? Eric, you mentioned keeping things tight and crisp. Are there certain techniques to get your attention? >> Well I'll mention just a couple of quick things. Email is better than most other channels, despite the volume. Patience is required as a result because of the volume. People do try and crawl over the transom, hit you up on LinkedIn, DM you on Twitter, there's a lot of things that people try and do. I think a very tightly crafted, highly personalized email with the right subject line is probably still the most effective way, unless it's somebody you actually, there are people who know me who know they have the right to pick up the phone and call me if they really think they have... That's a relationship that's built over time. The one thing on this I would add which I think came up a little bit before thinking about it is, you have to engage in retail PR, not not wholesale PR. The idea that you're going to spam a list of 100 people and think that that's really going to be a successful approach, it's not unless you're just making an announcement, and if you're issuing your earnings release, or you've announced a large acquisition or those things, fine, then I need to get the information. But simply sending around a very wide list is not a good strategy, in most cases, I would say probably for anyone. >> We got Brenna back, can you hear me? She's back, okay. >> I can hear you, I'm back. >> Well, let's go back to you, we missed you. Thanks for coming back in. We had a glitch on our end but appreciate it, bandwidth internet is for... Virtual is always a challenge to do live, but thank you. The trend we're just going through is how do I pitch to you? What's the best practice? How do I get your attention? Do bylines lines work? Actually, Bloomberg doesn't do that very often either as well as like the Journal. but your thoughts on folks out there who are really trying to figure out how to do a good job, how to get your attention, how to augment your role and responsibilities. What's your thoughts? >> I would say, going back to what we said a little bit before about really knowing who you're pitching to. If you know something that I've written recently that you can reference, that gets my attention. But I would also encourage people to try to think about different ways that they can be part of a story if they are looking to be mentioned in one of our articles. And what I mean by that is, maybe you are launching new products or you have a new initiative, but think about other ways that your companies relate to what's going on right now. So for instance, one thing that I'm really interested in is just the the changing nature of work in the office place itself. So maybe you know of something that's going on at a company, unlimited vacation for the first time or sabbaticals are being offered to working parents who have nowhere to send their children, or something that's unique about the current moment that we're living in. And I think that those make really good interviews. So it might not be us featuring your product or featuring exactly what your company does, but it still makes you part of the conversation. And I think it's still, it's probably valuable to the company as well to get that mention, and people may be looking into what you guys do. So I would say that something else we are really interested in right now is really looking at who we're quoting and the diversity of our sources. So that's something else I would put a plug in for PR people to be keeping an eye on, is if you're always putting up your same CEO who is maybe of a certain demographic, but you have other people in your company who you can give the opportunity to talk with the media. I'm really interested in making sure I'm using a diverse list of sources and I'm not just always calling the same person. So if you can identify people who maybe even aren't experienced with it, but they're willing to give it a try, I think that now's a really good moment to be able to get new voices in there. >> Rather than the speed dial person you go to for that vertical or that story, building out those sources. >> Exactly. >> Great, that's great insight, Everyone, great insights. And thank you for your time on this awesome panel. Love to do it again. This has been super informative. I love some of the engagement out there. And again, I think we can do more of these and get the word out. I'd like to end the panel on an uplifting note for young aspiring journalists coming out of school. Honestly, journalism programs are evolving. The landscape is changing. We're seeing a sea change. As younger generation comes out of college and master's programs in journalism, we need to tell the most important stories. Could you each take a minute to give your advice to folks either going in and coming out of school, what to be prepared for, how they can make an impact? Brenna, we'll start with you, Gerard and Eric. >> That's a big question. I would say one thing that has been been encouraging about everything going on right now as I have seen an increased hunger for information and an increased hunger for accurate information. So I do think it can obviously be disheartening to look at the furloughs and the layoffs and everything that is going on around the country. But at the same time, I think we have been able to see really big impacts from the people that are doing reporting on protests and police brutality and on responses to the virus. And so I think for young journalists, definitely take a look at the people who are doing work that you think is making a difference. And be inspired by that to keep pushing even though the market might be a little bit difficult for a while. >> I'd say two things. One, again, echoing what Brenna said, identify people that you follow or you admire or you think are making a real contribution in the field and maybe directly interact with them. I think all of us, whoever we are, always like to hear from young journalists and budding journalists. And again, similar advice to giving to the advice that we were giving about PR pitches. If you know what that person has been doing, and then contact them and follow them. And I know I've been contacted by a number of young journalists like that. The other thing I'd say is and this is more of a plea than a piece of advice. But I do think it will work in the long run, be prepared to go against the grain. I fear that too much journalism today is of the same piece. There is not a lot of intellectual diversity in what we're seeing There's a tendency to follow the herd. Goes back a little bit to what I was saying right at the opening about the fact that too many journalists, quite frankly, are clustered in the major metropolitan areas in this country and around the world. Have something distinctive and a bit different to say. I'm not suggesting you offer some crazy theory or a set of observations about the world but be prepared to... To me, the reason I went into journalism was because I was always a bit skeptical about whenever I saw something in any media, which especially one which seemed to have a huge amount of support and was repeated in all places, I always asked myself, "Is that really true? "Is that actually right? "Maybe there's an alternative to that." And that's going to make you stand out as a journalist, that's going to give you a distinctiveness. It's quite hard to do in some respects right now, because standing out from the crowd can get you into trouble. And I'm not suggesting that people should do that. Have a record of original storytelling, of reporting, of doing things perhaps that not, because look, candidly, there are probably right now in this country, 100,00 budding putative journalists who would like to go out and write about, report on Black Lives Matter and the reports on the problems of racial inequality in this country and the protests and all of that kind of stuff. The problem there is there are already 100,000 of those people who want to do that in addition to probably the 100,000 journalists who are already doing it. Find something else, find something different. have something distinctive to offer so that when attention moves on from these big stories, whether it's COVID or race or politics or the election or Donald Trump or whatever. Have something else to offer that is quite distinctive and where you have actually managed to carve out for yourself a real record as having an independent voice. >> Brenna and Gerard, great insight. Eric, take us home close us out. >> Sure. I'd say a couple things. So one is as a new, as a young journalist, I think first of all, having a variety of tools in your toolkit is super valuable. So be able to write long and write short, be able to do audio, blogs, podcast, video. If you can shoot photos and the more skills that you have, a following on social media. You want to have all of the tools in your toolkit because it is challenging to get a job and so you want to be able to be flexible enough to fill all those roles. And the truth is that a modern journalist is finding the need to do all of that. When I first started at Barron's many, many years ago, we did one thing, we did a weekly magazine. You'd have two weeks to write a story. It was very comfortable. And that's just not the way the world works anymore. So that's one element. And the other thing, I think Gerard is right. You really want to have a certain expertise if possible that makes you stand out. And the contradiction is, but you also want to have the flexibility to do lots of different stories. You want to get (voice cuts out) hold. But if you have some expertise, that is hard to find, that's really valuable. When Barron's hires we're always looking for people who have, can write well but also really understand the financial markets. And it can be challenging for us sometimes to find those people. And so I think there's, you need to go short and long. It's a barbell strategy. Have expertise, but also be flexible in both your approach and the things you're willing to cover. >> Great insight. Folks, thanks for the great commentary, great chats for the folks watching, really appreciate your valuable time. Be original, go against the grain, be skeptical, and just do a good job. I think there's a lot of opportunity. And I think the world's changing. Thanks for your time. And I hope the comms folks enjoyed the conversation. Thank you for joining us, everyone. Appreciate it. >> Thanks for having us. >> Thank you. >> I'm John Furrier here in the Cube for this Cube Talk was one hour power panel. Awesome conversation. Stay in chat if you want to ask more questions. We'll come back and look at those chats later. But thank you for watching. Have a nice day. (instrumental music)
SUMMARY :
leaders all around the world, and the purpose is to So I'd love to get your thoughts. and the amount of news coming out. and a challenge at the same time And I think to some extent, that does, in the field for agencies, is the inability to and the ground truth the observation that you might get and that takes you down that road. So I wasn't sure if answer that is the trust piece. 99% of the time anyway, and you and getting the stories And that's the time to that How is the job changing? Because the there's no time to waste. at the table, so to speak. on the street who cares And the other thing is, There are out there. But it's not nearly the same. about the comms opportunity, challenges, But I do have less time to do that now. "on the reporting that you did on this." I love your work. like that to do something. And at the same time, in the big companies to be storytellers, And I think you do see it moment to control your story In the old days, if you weren't relevant And I'm not going to pretend And how do you view the The questions in the chats are Time is of the essence, keep it short in the chat, which is It's not that hard to do that. Or is it still on the front pages? I have the done parents of a college, But I just have to say all of the evidence And I think this brings up the tech angle, I assume what the questioner is asking onto the op ed page Exception not the rule so the whole point about that that's going to be compelling I just think you have to know practice to get your attention? and think that that's really going to be We got Brenna back, can you hear me? how to get your attention, and the diversity of our sources. Rather than the speed I love some of the engagement out there. And be inspired by that to keep pushing And that's going to make you Brenna and Gerard, great insight. is finding the need to do all of that. And I hope the comms folks I'm John Furrier here in the Cube
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Dustin Kirkland, Apex | CUBE Conversation, April 2020
>> Announcer: From the CUBE studios in Palo Alto and Boston, connecting with thought leaders all around the world, this is a CUBE conversation. >> Welcome to this special CUBE conversation. I'm John Furrier here in Palo Alto, California. In our remote studio, we have a quarantine crew here during this COVID-19 crisis. Here talking about the crisis and the impact to business and overall work. Joined by a great guest Dustin Kirkland, CUBE alumni, who's now the chief product officer at Apex Clearing. This COVID-19 has really demonstrated to the mainstream world stage, not just inside the industry that we've been covering for many, many years, that the idea of at-scale means something completely different, and certainly DevOps and Agile is going mainstream to survive, and people are realizing that now. No better guest than have Dustin join us, who's had experiences in open source. He's worked across the industry from Ubuntu, Open Stack, Kubernetes, Google, Canonical. Dustin, welcome back to the CUBE here remotely. Looking good. >> Yeah, yeah, thanks, John. Last time we talked, I was in the studio, and here we are talking over the internet. This is a lot of fun. >> Well, I really appreciate it. I know you've been in your new role since September. A lot's changed, but one of the things why I wanted to talk with you is because you and I have talked many times around DevOps. This has been the industry conversation. We've been inside the ropes. Now you're starting to see, with this new scale of work-at-home forcing all kinds of new pressure points, giving people the realization that the entire life with digital and with technology can be different, doesn't have to be augmented with their existing life. It's a full-on technology driven impact, and I think a lot of people are learning that, and certainly, healthcare and finance are two areas, in particular, that are impacted heavily. Obviously, people are worried about the economy, and we're worried about people's lives. These are two major areas, but even outside that, there's new entrepreneurs right now that I know who are working on new ventures. You're seeing people working on new solutions. This is kind of bringing the DevOps concept to areas that quite frankly weren't there. I want to get your thoughts and reaction to that. >> Yeah, without a doubt, I mean, the whole world has changed in 30 short days. We knew something was amiss in China. We knew that there was a lot of danger for people. The danger for business, though, didn't become apparent until vast swathes of the work force got sent home. And there's a number of businesses and industries that are coping relatively well with this. Certainly those who have previously adopted, or have experienced, doing work remotely, doing business by video, teleconference, having resources in the cloud, having people and expertise who are able to continue working at nearly 100% capacity in 100% remote environments. There's a lot of technology behind that, and there are some industries, and in particular, some firms, some organizations, that were really adept and were able to make that shift almost overnight. Maybe there were a couple bumps along the way, some VPN settings needed to be tweaked, and Zoom settings needed to be changed a little bit, but for many, this was a relatively smooth transition, and we may be doing this for a very long time. >> Yeah, I want to get your thoughts, before we get into some of the product stuff that you guys are working on and some other things. What's your general reaction to people in your circles, inside industry and tech industry, and outside, what are you seeing a reaction to this new scale, work from home, social distancing, isolation, what are your observations? >> Yeah, you know, I think we're in for a long haul. This is going to be the new normal for quite some time. I think it's super important to check on the people you care about, and before we get into dev and tech, check on the people you care about, especially people who either aren't yet respecting the social distancing norms and impress upon them the importance that, hey, this is about you, this is about the people you care about, it's about people you don't even know, because there are plenty of people who can carry this and not even know. So definitely check on the people that you care about. And reach out to those people and stay in touch. We all need one another more than ever, right? I manage a team, and it's super important, I think, to understand how much stress everyone is under. I've got over a dozen people that report to me. Most of them have kids and families. We start out our weekly staff meeting now, and we bring the kids in. They're curious, they want to know what's going on. First five, 10 minutes of our meeting is meet the family. And that demystifies some of what we're doing, and actually keeps the other 50 minutes of the meeting pretty quiet in our experience. But it's really humanized an aspect of work from home that's always been a bit taboo. We laugh about the reporter in Korea whose kid and his wife came in during the middle of a live on-air interview. There's certainly, I've worked from home for almost 12 years, like, those are really uncomfortable situations. Until about a month ago, when that just became the norm. And from that perspective, I think there's a humanization that we're far more understanding of people who work from home now than ever before. >> It's funny, I've heard people say, you know, my wife didn't know what I did until I started working at home. And comments to seeing people's family, and saying, wow, that's awesome, and just bringing a personal connection, not just this software mechanism that connects people for some meeting, and we've all been on those meetings. They go long, and you're sitting there, and you're turning the camera off so you can sneeze. All those things are happening. But when you start to think about, beyond it being a software mechanism, that it's a social equation right now. People have shared experiences. It's been an interesting time. >> Yeah, and just sharing those experiences. We do a think internal on our Slack channel every day. We try to post a picture. We call it hashtag recess, and at recess we take a picture of walking the dogs, or playing with the kids, or gardening, or whatever it is, going for a run. Again, just trying to make the best of this, take advantage of, you know, it's hard working from home, but trying to take advantage of some of those once in a lifetime opportunities we have here. And my team has started pub quiz on Fridays, so we're mostly spread across, in the U.S., so we're able to do this at a reasonable hour, but the last couple of Fridays, we've jumped on a Zoom, downloaded a pub trivia game, most of us a crack a beer, or glass of wine, or a cocktail, and you know, it's just, it actually puts a punctuate mark on the end of the week, puts a period on the end of the week. Because that's the other thing about this, man, if you don't have some boundaries, it's easy to go from an eight or nine hour normal day to 10, 12, 14, 16 hour days, Saturday bleeds into Sunday bleeds into Monday, and then the rat race takes over. >> You got to get the exercise. You have a routine. That's my experience. What's your advice for people who are working at home for the first time? Do you have any best practices? >> I actually had a blog post on this about two weeks ago and put up almost a shopping list of some of the things that I've assembled here in the work from home environment. It's something I've been doing since 2008, so it's been there for a good long while. It's a little bit hard to accumulate all the technology that you need, but I would say, most important, have a space, some kind of space. Some people have more room or less, but even just a corner in a master bedroom with a standup desk, some space that is your own, that the family understands and respects. The other best practice is set some time boundaries. I like to start my day early. I'll try to break more a little bit for that recess, see the family some, and then knock off at a reasonable hour, so establish those boundaries. Yeah, I've got a bunch of tips in that blog post I can shoot you after this, but it's the sort of thing that, be a bit understanding, too, of other people in this situation for the first time, perhaps. So you know, offer whatever help and assistance you can, and be understanding that, man, things just aren't like they used to be. >> That's great advice. Thanks for the insights. Want to get to something that I see happening, and this always kind of happens when you see these waves where there's a downturn, or there's some sort of an event. In this case it's catastrophic in the way it vectored in like this and the impact that we just discussed. But what comes out of it is creativity around entrepreneurial activity, and certainly reinvention, businesses reforming, retrenching, resetting, whatever word, pivot, digital transformation, there's plenty of words for it. But this is the time where people can actually get a lot done. I always comment, in my last interview I did, you know, Shakespeare wrote Macbeth when he was sheltering in place, and Isaac Newton invented calculus, so you can actually get some work done. And you're starting to see people look at the new technology and start disrupting old incumbent markets, because now more than ever, things are exposed. The opportunity of recognition becomes clearer. So I wanted to get your thoughts on this. You're a product person, you've got a lot of product management skills, and you're currently taking this DevOps to financial market with fintech and your business, so you're applying known principles and software and tech and disrupting an existing industry. I think this is going to be a common trend for the next five years. >> Yeah, so on that first note, I think you're exactly right. There will be a reckoning, and there will be a ton of opportunities that come out of this for the already or the rapidly transformed digital native, digital focused business. There will be some that survive and thrive here. I think you're seeing a lot of this with the popularity of Zoom that has spiked recently. I think you're going to see technologies like DocuSign being used in places that, some of those places that still require wet signatures, but you just can't get to the notary and sign a, I don't know, a refi on your mortgage or something like that. And so I think you're going to see a bunch of those. The biggest opportunities are really around our education system. I've got two kids at home, and I'm in a pretty forward thinking school district in Austin, Texas, you know, but that's not the norm where our teachers are conducting classes and assignments over Zoom. I've got a kindergartener and a second grader. There's somewhat limits to what they can do with technology. I think you're going to see a lot of entrepreneurial solutions that develop in that space, and that's going to go from K through 12, and then into college. You think about how universities have had to shift and cancel classes, and what's happening with graduation. I've got a six and an eight year old, and I've been told I need to save $200,000 apiece for each of them to go to college, which is just an astounding number, especially to someone like me, who went to an inexpensive public university on a scholarship. Saving that kind of money for college, and just thinking about how much more efficient our education system might be with a lot more digital, a lot more digital education, digital testing and classes, while still maintaining the college experience, what that's going to look like in 10 years. I think we're going to see a lot of changes over these next 18 months to our educational system. >> Dustin, talk about the event dynamics. Physical events don't exist currently. Certainly, when they do come back, they should, and they will, the role of the virtual space is going to be highlighted and new opportunities will emerge. You mentioned education. People learn, not just for school, whether they're kids, whether they're professionals, learning and collaboration, work tools are going to reshape. What's your take on that marketplace, because we got to do virtual events. You can't just replicate a physical event and move it to digital. It's a complex system. >> Yeah, you're talking about an entire industry. We saw the Google Events, Google Next, Google IO, the Microsoft Events, just across the, I'm here in Austin, Texas, all of South by Southwest was canceled, which is just, it's breathtaking. When does that come back, and what does it look like? Is it a year or two or more from now? Events is where I spend my time, and when I get on a plane, and I fly somewhere, I'm usually going to a conference or trade show. Think about the sports industry. People who get on a plane, they go to an NFL game. John, I don't have all the answers, man, but I'm telling you, that entire industry is rapidly, rapidly going to evolve. I hope and pray that one day we're back to a, I can go back to a college football game again. I hope I can sit in a CUBE studio at a CUBE Con or an Open Stack or some other conference again. >> Hey, we should do a rerun, because I was watching the Patriots game last night, Tom Brady beating the Chiefs, October from last year. It was one of the best games of the season, went down to the wire, and I watched it, and I'm like, okay, that's Tom Brady, he's still in the Patriot uniform on the TV. Do we do reruns? This is the question. Right now, there's a big void for the next three months. What do we do? Do we replay the highlights from the CUBE? Do we have physical get togethers with Zoom? What's your take on how people should think about these events? >> Yeah, you know, the reruns only go so far, right? I'm a Texas Aggie, man. I could watch Johnny Football in his prime anytime. But I know what happened, and those games are just not as exciting as something that's a surprise. I'm actually curious about e-sports for the first time. What would it look like to watch a couple of kids who are really good at Madden Football on a Playstation go at it? What would other games that I've never seen look like? In our space, it's a lot more about, I think, podcasts and live content and staying connected and apprised of what's going on, making-- Oh, we locked up there for a second. It's, I think it's going to be really interesting. I'm still following you guys. I certainly see you active on social media. I'm sort of more addicted than ever to the live news, and in fact, I'm ready to start seeing some stuff that doesn't involve COVID-19, so from that perspective, man, keep churning out good content, and good content that's pertinent to the rest of our industry. >> That's great stuff. Well, Dustin, take a minute to explain what you're doing at Apex Clearing, your mission, and what are you guys excited about. >> Yeah, so Apex Clearing, we're a fintech. We're a very forward-focused, digitally-focused fintech. We are well positioned to continue servicing the needs of our clients in this environment. We went fully remote the first week of March, long before it was mandatory, and our business shifted pretty seamlessly. We worked through a couple of hiccups, provisioning extra VPN IP addresses, and upgrading a couple of service plans on some of the softwares, the service we buy, but besides that, our team has done just a marvelous job transitioning to remote. We are in the broker, dealer, and registered advisor space, so we provide the clearing services, which handles stock trades, equity trades, in the back end, and the custodial services. We actually hold, safeguard, the equities that our correspondents, we call our clients correspondents, their retail customers end up holding. So we've been around in our current form since about 2012. This was a retread of a previous company that was bought and retooled as Apex Clearing in 2012. Very shortly after that, we helped Robinhood, Wealthfront, Betterment, a whole bunch of really forward-looking companies reinvent what it meant to buy and sell and trade securities online, and to hold assets in a robo advisor like Betterment. Today, we are definitely well-known, well-respected for how quickly and seamlessly our APIs can be used by our correspondents in building really modern e-banking and e-brokerage experiences. >> So you guys-- >> So that went-- >> Are you guys like a DevOps platform-- >> We're more like software as a service for fintech and brokerage. So our products are largely APIs that our correspondents use their own credentials to interact with, and then using our APIs, they can open accounts, which means get an account number from the systems that allows them to then fund that account, connect via ACH and other bank connectivity platforms, transfer cash into those accounts, and then start conducting trades. Some of our correspondents have that down to a 60-second experience in a mobile app. From a mobile app, you can register for that account, if you need to, take a picture of an IED, have all of that imported, add your tax information, have that account number associated with your banking account, move a couple hundred dollars into that banking account, and then if the stock market's open, start buying and selling stock in that same window. >> Great, well, I wanted to talk about this, because to the earlier bigger picture, I think people are going to be applying DevOps principles, younger entrepreneurs, but also, reborn, if you will, professionals who are old school IT or whatever, moving faster. And you wrote a blog post I want to get your thoughts on. You wrote it on April second. How we've adapted Ubuntu's time-based release cycles to fintech and software as a service. What is that all about? What's the meaning behind this post? You guys are doing something new, unique, or-- >> To this industry and to many of the people around me, even our clients and customers around me, this is a whole new world. They've never seen anything like it. To those of us who have been around Linux, open source, certainly Ubuntu, Open Stack, Kubernetes, it's just standard operating procedures. There's nothing surprising about it, necessarily. But either it's some combination of the financial services world, just the nature of proprietary software, but also the concept of software as a service, SaaS, which is very different than Ubuntu or Kubernetes or Open Stack, which is released software, right. We ship software at the end of an Ubuntu cycle or a Kubernetes cycle. It's very different when you're a software as a service platform, and it's a matter of rolling out to production some changes, and those changes then going live. So, I wrote a post mainly to give some transparency, largely to our clients, our correspondents. We've got a couple hundred customers that use the Apex platform. I've met with many of them in a sort of one-on-many, one-to-one, one-on-many basis, where I'll show up and deliver the product road map, a couple of product managers will come and do a deep dive. Part of what we communicate to those customers is around, now, around our release cycles, and to many of them, it's a foreign concept that they've just never seen or heard before, and so I put together the blog post. We shared it internally, and educated the teams, and it was well-received. We shared it externally privately with a number of customers, and it was well-received, and a couple of them, actually a couple of the Silicon Valley based customers said, hey, why don't you just put this out there on Medium or on your blog or under an Apex banner, because this actually would be really well-received by others in the family, other partners in the family. So I'm happy to kind of dive into a couple of the key principles here, and we can sort of talk through it if you're interested, John. >> Well, I think the main point is you guys have a release cycle that is the speed of open source to SaaS, and fintech, which again, proprietary stuff is slower, monolithic. >> Yeah, the key principle is that we've taken this, and we've made it predictable and transparent, and we commit to these cycles. You know, most people maybe familiar with Ubuntu releasing twice a year, right, April and October, Ubuntu has released every April and October since 2004. I was involved with Ubuntu between 2008 and 2018 as an engineer, an engineering manager, and then a product manager, and eventually a VP of product at Canonical, and that was very much my life for 10 years, oriented around that. In that time, I spent a lot of time around Open Stack, which adopted a very similar model. Open Stack's released every six months, just after the Ubuntu release. A number of the members of the technical team and the committee that formed Open Stack came out of either Ubuntu or Canonical or both, and really helped influence that community. It's actually quite similar in Kubernetes, which developed independent, generally, of Ubuntu. Kubernetes releases on a quarterly basis, about every three months, and again, it's the sort of thing where it's just a cycle. It happens like clockwork every three months. So when I joined Apex and took a look at a number of the needs that we had, our correspondents had, our relationship managers, our sales team, the client-facing people in the organization, one of the biggest items that bubbled straight to the top is our customers wanted more transparency into our road maps, tighter commitments on when we're going to deliver things, and the ability to influence those. And you know what, that's not dissimilar from any product managers plight anywhere in the industry. But what I was able to do is take some of those principles that are common around Ubuntu and Kubernetes and Open Stack, which by the way, are quite familiar. We use a lot of Ubuntu and Kubernetes inside of Apex, and many of our correspondents are quite familiar with those cycles, but they'd never really seen or heard of a software as a service, a SaaS vendor, using something like that. So that's what's new. >> You've got some cycles going now. You've got schedules, so just looking here, just to get this out there, 'cause I think it's data. You did it last year in October, November, mid-cycle in January of this year. You've got a couple summits coming up? >> Yeah, that's right, we've broken it down into three cycles per year, three 16-week cycles per year. So it's a little bit more frequent than the twice a year Ubuntu, not quite as frenetic as the quarterly Kubernetes cycles. 16 weeks time three is 48. That leaves us four weeks of slack, really to handle Thanksgiving and Christmas and end of year holidays, Chinese New Year, whatever might come up. I'll tell you from experience, that's always been a struggle in the Ubuntu and Open Stack and Kubernetes world, it's hard to plan around those cycles, so what we've done here is we've actually just allocated four weeks of a slush fund to take care of that. We're at three 16-week cycles per year. We version them according to the year and then an iterator. So 20A, 20B, 20C are our three cycles in 2020, and we'll do 21A, B, and C next year. Each of those cycles has three summits. So to your point about we get together, back in the before everyone stopped traveling, we very much enjoyed twice a year getting together for CUBE con. We very much enjoyed the Open Stack summits and the various Ubuntu summits. Inside of a small company like ours, these were physical. We'd get together in Dallas or New York or Chicago or Portland, which is the four places we have offices. We were doing that basically every six weeks or so for one of these summits. Now they're all virtual. We handle them over Zoom. When they were physical, we'd do the summit in about three days of packed agendas, Tuesday, Wednesday, Thursday. Now that we've gone to virtual, we've actually spread it a little bit thinner across the week, and so we've done, we've poked some holes in the day, which has been an interesting learning experience, and I think we're all much happier with the most recent summit we did, spreading it over the course of the week, accounting for time zones, giving ourself, everyone, lunch breaks and stuff. >> Well, we'll have to keep checking in. I want to certainly collaborate with you on the virtual digital, check your progress. We're all learning, and iterating, if you will, on the value that you can do with these digital ones. Try to get that success with physical, not always easy. Appreciate, and you're looking good, looking good and safe. Stay safe, and great to check in with you, and congratulations on the new opportunity. >> Yeah, thanks, John. >> Appreciate it. Dustin Kirkland, chief product officer at Apex Clearing. I'm John Furrier with the CUBE, checking in with a remote interview during this time when we are getting all the information of best practices on how to deal with this new at-scale, the new shift that is digital, that is impacting, and opportunities are there, certainly a lot of challenges, and hopefully, the healthcare, the finance, and the business models of these companies can continue and get back to work soon. But certainly, the people are still sheltered in place, working hard, being creative, be the coverage here in the CUBE. I'm John Furrier, thanks for watching. (bright electronic music)
SUMMARY :
Announcer: From the CUBE studios in Palo Alto and Boston, and people are realizing that now. and here we are talking over the internet. This is kind of bringing the DevOps concept and Zoom settings needed to be changed a little bit, that you guys are working on and some other things. and actually keeps the other 50 minutes of the meeting and you're turning the camera off so you can sneeze. it actually puts a punctuate mark on the end of the week, You got to get the exercise. all the technology that you need, but I would say, and this always kind of happens when you see these waves and that's going to go from K through 12, and move it to digital. We saw the Google Events, Google Next, Google IO, This is the question. and in fact, I'm ready to start seeing some stuff and what are you guys excited about. on some of the softwares, the service we buy, that allows them to then fund that account, I think people are going to be applying DevOps principles, of the key principles here, and we can sort of a release cycle that is the speed of open source to SaaS, and the ability to influence those. just to get this out there, and the various Ubuntu summits. and congratulations on the new opportunity. and hopefully, the healthcare, the finance,
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Lauren Spahn, Shackelford, Bowen, McKinley & Norton | CUBEConversation March 2020
(upbeat music) >> Hey, welcome back everybody. Jeff Frick here with theCUBE. We're at our Palo Alto studios today. And obviously, what's top of the news is the coronavirus and COVID-19, and it's having a direct impact on anything where people get together. We're obviously really tied into the convention space. But we're excited to have an expert in the field coming at it from a different kind of point of view, more from the entertainment side. We'd like to welcome, calling in from Tennessee, Lauren Spahn. She is a partner for Shackelford, Bowen, McKinley, or excuse me, but yeah, McKinley & Norton. Lauren, great to see you. >> Hey there, how are ya? >> Jeff Frick: Good. So we were introduced through kind of the process of the South by Southwest cancellation. Before we get into it, tell us a little bit about kind of what you do, what type of clients do you have, who do you guys kind of represent? >> Yeah, sure, so I practice primarily in entertainment law here in Nashville. But I work with a variety of people in the music industry, whether it be artists or music festivals, record labels, publishing companies, you name it, across the US. So I do a lot of work in L.A. and New York as well. And our firm specializes in a little bit of everything, but our national hub is kind of the spearhead for the entertainment and music practice. >> So it's pretty interesting 'cause we're not so directly involved in entertainment, but we do go to a lot of conferences. And, I think, for us, the watershed moment this year was Mobile World Congress earlier this year in February, 100,000 people in Barcelona, Spain. That's a little unique because most of the main vendors are Asian in terms of all the mobile carriers and the handset tech carriers. But, you were saying before we turned the cameras on, that now the South By Southwest event cancellation is kind of sending the same shock waves if you will through the entertainment industry. >> Yeah, I mean South By Southwest obviously is a big coming together of multiple industries. You know, music, film, TV, technology, but it really was one of the first events that were canceled that impacted the music industry. And so, such a large conference to completely cancel, really just started, it was the tip of the iceberg, or I think what we are going to continue to see across the sphere in music whether its tours being canceled or music festivals that are being canceled, everything is kind of starting to ramp up, and were starting to see the effects from South By Southwest line. >> Jeff Frick: Right. So, one of the things that really is just kind of a splash of cold water, is these things are going down it just really highlights the interconnectedness of all these different parts of these events, right? whether it is the primary promoter or the primary bands in the case of South By Southwest or even the tech companies, but then there are tons and tons of secondary, third and other vendors that are involved from food and transportation and the list goes on and on. So, you're quoted quite often in the press about talking about force majeure and that this is something that kind of comes up in contract law when these types of events happen. So, I wonder if you can kind of explain the dictionary definition of force majeure and how do you see it kind of executed traditionally in a contract where maybe one person just can't uphold their part of the deal and how that contrasts with something like this, which is hitting kind of both sides of the agreement, if you will. >> Completely. So, I think it's important to step back and look at if we are going to use a music festival as an example. You have a contract, the music festival itself will have a contract with the artist, but they will also have contracts with their vendors, with the production team that comes in and sets up the staging and the sound and the light. There are a myriad of contracts and so, the language in each contract tends to govern the relationship between the festival and that third party. So, in this situation of let's use an artist, for example. There is different things in the contract that point to how you can cancel and what happens when you cancel. A force majeure is an example of that. And force majeure is something that is outside of the control of both parties. So, again, the festival and the artist. If something like the Coronavirus is coming, neither one of those parties can control that from happening. And so it typically relieves both parties of any obligation to move forward with the contract. What is important, though, is the language that's in that force majeure provision. So, you sometimes will see language like sickness or an epidemic. But then, you may not have that, and you may have language that says, a local or national state of emergency. So, depending upon the state you're in, depending upon the exact situation in the city that you are holding the event, all of those things can be looked or looked to to interpret whether or not the language that's in that force majeure contract will impact you or will give you the rights to cancel that event without having to pay additional money. >> Jeff Frick: Right. >> And so, you know, not only that but you're then seeing it carried out through the insurance policies, as well. So, even if you have force majeure language whether or not the insurance company will help cover the losses for you again depends upon the exact language that's in your insurance policy. >> Jeff Frick: Right. >> So, across the board, it really is a contractual right, that can differ for the different people that are involved. >> Right. But, there's the contractual, the language in the contract, but then there is kind of this random stuff that comes up. And, we hear kind of act of God kind of thrown up by insurance companies when it's something they haven't defined in all the fine language. And then, the other piece that we're hearing about a lot in the news here on Palo Alto, right is the specific descriptive terms used by the authorities. Is it a pandemic? Is it an outbreak? Is it a natural disaster? Is it a state of emergency called by the government? >> Or other. So, how does that figure in on something like we're experiencing? I don't know that we've seen anything quite like this before. >> You know, I was looking back through some contracts earlier this morning because I had a potential cancellation that was going to happen, and I mean some contracts go as far as to even describe the Swine Flu and similar things like that but we really are looking to the authorities to see what decision they are making on everything. And whether or not they are calling it a local state of emergency because a lot of times that exact definition or that exact cause is defined in the agreement . But, yeah, I mean really it comes down to small print wording in this situation, if you are looking at the contract itself to see what rights that you have. What I found is that people aren't going to the nitty gritty of at least the contracts, you're probably going to get into the nitty gritty of the insurance policy, if you have a chance of getting any kind of protection. But, at the end of the day, the artist doesn't want to go play a festival that could potentially cause their fans to have some outbreak of the Coronavirus. An event doesn't want to be liable for holding an event that could be connected with that, as well, because across the board, that creates a PR nightmare for whoever's making that decision. So, you're seeing people that are trying to work together to figure out exactly how we're going to handle things, and what we're going to do moving forward, because no one is going to win in this situation. >> [Jeff Frick} Right. Right. >> It's really just figuring out a way that we can all be in the best position possible across the board. >> Yeah. And I think that's what we're kind of seeing a lot too, where, you know, I think everyone is again instead of just one party that's not upholding their part of the deal and the other party getting screwed on that, this is really, you know, we're kind of in it together, this has kind of come down on both of our houses so how do we work together to minimize the pain and at least, kind of get through this window that we assume will pass at some point or at least the current heightened state will go. But, I just wonder if you have an opinion on, from a legal point of view, and it's not your space, so if you say no that's an okay answer, but, you know, if you look at kind of market forces is determining what is the appropriate action, right? Because we don't really know what's the right action. But, clearly, the market is defined based on activity and the University of Washington shutting down and Stanford shutting down >> Vanderbilt >> Almost is a self-imposed kind of semi-quarantine state, which is just, you know the latest now I think they get the local high school basketball game is they can only have 100 people in the stands in the biggest building they can find and everybody needs to spread out. So, it's just been very interesting to see you know kind of what is the appropriate response. What's the right response? Because ultimately it seems like it's driven by nobody wants to be the one that didn't take the max precautions and something bad happens. >> To be honest, I don't think that anyone really knows. You know, it really is the conversations right now are not the artist's agent calling the festival and saying we're absolutely not doing this The conversation is more so, hey what are you guys seeing? What are you guys thinking? What's the best way to handle this? You know, no one wants to put the consumers and the fans at risk. And, you know, until we have a better handle on exactly how we handle this type of situation, it's really going to be people doing their best to try to not create a situation that's going to, you know, cause some kind of massive outbreak. >> Right. Right. >> If you look at, you know, something like South By, no one wants to cancel, you know. It really impacts, not only the company and the event itself, but really everyone that's associated to it, has a financial hardship because of that decision, but the decision isn't made because someone wants to do it, it's made because collectively, you know, people are feeling like it needs to be done in order to keep people safe. >> Right. >> And if they didn't think that, they'd probably go ahead and try to hold the event and, you know, risk the liability. But, I think people truly want what's in the best interest of everyone. And that's why they are working together to try to figure this out. >> Yeah. Yeah. It really is driven home what social creatures we are when you start to kind of disconnecting crowds and groups of people from so many events and it just continues to ripple through whether it's our business, a convention business, the entertainment business, you know March Madness is coming up here in a very short order. What's going to happen there all the way down to you know, the local talent show for the local middle schoolers that they used to have before graduation, which is now canceled. So, it's interesting times. >> And I think for us, the biggest indicator in terms of just music festivals is going to be what happens with Coachella. And, you know, Billboard and Variety have reported that they're looking to potentially reschedule the event to October, if artists are able. And if not, they're going to have to completely cancel it for this year. And, you know, Coachella is such a massive festival that attracts people from all over the world. And if Coachella is canceled then I think there is a good chance that so long as this is continuing at the speed it is, that we're going to see a lot more music festivals canceled. >> When is Coachella scheduled? >> It starts in about a month. >> In about a month. >> So it's the second weekend in April, but they have to start production and really building out the grounds now. >> Wow. Wow. >> And so the decision kind of has to be made before then. And then, I wouldn't be surprised if we see a decision there in the next few days. >> Yeah. I think I would take the short if I was in Vegas, because there's just not enough data, I don't think, to go forward based on the current situation. I'm glad I'm not the one sitting in that chair. >> Yeah. It'd be a tough position. >> All right, well Lauren, well thank you for sharing your insight and, you know, it's great to get the perspective of another you know kind of industry that's all built around bring people together. And, I think we probably both would agree that this time will pass and we'll get a vaccine out, we'll get the growth curves to start to flatten out and go down which is where they need to go. And then you know I think it will be a different time, but hopefully things will get approximate a little bit more to normal in the not too distant future. >> Yeah, fingers crossed. I hope it gets figured out sooner rather than later and we can all have our summers full of conferences and festivals and the gathering of people. >> Yep. All right Lauren. Well thanks again for your time >> Thank you >> And have a great Tuesday. >> Awesome. You too. >> Alrighty. She's Lauren. I'm Jeff. Thanks for checking in on this Cube Conversation. We'll catch you next time. (upbeat music)
SUMMARY :
is the coronavirus and COVID-19, of the South by Southwest cancellation. but our national hub is kind of the spearhead event cancellation is kind of sending the same to see across the sphere in music whether its of the agreement, if you will. that point to how you can cancel And so, you know, not only that contractual right, that can differ for the the language in the contract, So, how does that figure in on something nitty gritty of the insurance policy, if you have Right. across the board. and the University of Washington shutting down the latest now I think they get the local and the fans at risk. Right. but the decision isn't made because someone and, you know, risk the liability. business, the entertainment business, you know the event to October, if artists are able. and really building out the grounds now. And so the decision kind of has to be made I'm glad I'm not the one sitting in that chair. And then you know I think it will be a and the gathering of people. for your time You too. We'll catch you next time.
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Sanjay Poonen, VMware | RSAC USA 2020
>>Fly from San Francisco. It's the cube covering RSA conference, 2020 San Francisco brought to you by Silicon angle media. >>Hi everyone. Welcome back to the cubes coverage here at in San Francisco, the Moscone center for RSA conference 2020 I'm job for your host. We are the very special guests, the COO of VMware, Sanjay Poonen, cube alumni. When you talk about security, talk about the modern enterprise as it transforms new use cases, new problems emerge. New opportunities exist here to break it down. Sanjay, welcome back. Thank you John. Always a pleasure to be on your show and I think it's my first time at RSA. We've talked a number of times, but nice to see you here. Well, it's a security guard. Well, this is really why I wanted you to talk, talk to you because operations is become now the big conversation around security. So you know, security was once part of it. It comes out and part of the board conversation, but when you look at security, all the conversations that we're seeing that are the most important conversations are almost a business model conversation. >>Almost like if you're the CEO of the company, you've got HR people, HR, organizational behavior, collaboration, technology, stack compliance and risk management. So the threat of cyber has to cut across now multiple operational functions of the business. It's no longer one thing, it's everything. So this is really kind of makes it the pressure of the business owners to be mindful of a bigger picture. And the attack velocity is happening so much faster, more volume of attacks, milliseconds and nanosecond attacks. So this is a huge, huge problem. I need you to break it down for me. >> Good. But then wonderful intro. No, I would say you're absolutely right. First off, security is a boardroom topic. Uh, audit committees are asking, you know, the CIO so often, you know, reports a report directly, sometimes, often not even to the CIO, to the head of legal or finance and often to the audit. >>So it's a boardroom topic then. You're right, every department right now cares about security because they've got both threat and security of nation state, all malicious, organized crime trying to come at them. But they've also got physical security mind. I mean, listen, growing a virus is a serious threat to our physical security. And we're really concerned about employees and the idea of a cyber security and physical security. We've put at VMware, cybersecurity and, and um, um, physical security. One guy, the CIO. So he actually runs vote. So I think you're absolutely right and if you're a head of HR, you care about your employees. If you're care ahead of communications, you care about your reputation and marketing the same way. If you're a finance, you care about your accounting systems and having all of the it systems that are. So we certainly think that holistic approach does, deserves a different approach to security, which is it can't be silo, silo, silo. >>It has to be intrinsic. And I've talked on your show about why intrinsic and how differentiated that intrinsic security, what I talked about this morning in my keynote. >> Well, and then again, the connect the dots there. It's not just security, it's the applications that are being built on mobile. For instance, I've got a mobile app. I have milliseconds, serious bond to whether something's yes or no. That's the app on mobile. But still the security threat is still over here and I've got the app over here. This is now the reality. And again, AirWatch was a big acquisition that you did. I also had some security. Carbon black was a $2 billion acquisition that VMware made. That's a security practice. How's it all coming together? Can you think of any questions? Blame the VMware because it's not just security, it's what's around it. >> Yeah. I think we began to see over the course of the last several years that there were certain control points and security that could help, you know, bring order to this chaos of 5,000 security vendors. >>They're all legitimate. They're all here at the show. They're good vendors. But you cannot, if you are trying to say healthy, go to a doctor and expect the doctor to tell you, eat 5,000 tablets and sailed. He just is not sustainable. It has to be baked into your diet. You eat your proteins, your vegetables, your fruit, your drink, your water. The same way we believe security needs to become intrinsically deeper parts, the platform. So what were the key platforms and control points? We decided to focus on the network, the endpoint, and you could think of endpoint as to both client and workload identity, cloud analytics. You take a few of those and network. We've been laboring the last seven years to build a definitive networking company and now a networking security company where we can do everything from data center networking, Dell firewalls to load balancing to SDN in this NSX platform. >>You remember where you bought an nice syrup. The industry woke up like what's VM ever doing in networking? We've now built on that 13,000 customers really good growing revenue business in networking and and now doing that working security. That space is fragmented across Cisco, Palo Alto, FIU, NetScaler, checkpoint Riverbed, VMware cleans that up. You get to the end point side. We saw the same thing. You know you had an endpoint management now workspace one the sequel of what AirWatch was, but endpoint security again, fragmented. You had Symantec McAfee, now CrowdStrike, tenable Qualis, you know, I mean just so many fragmented IOM. We felt like we could come in now and clean that up too, so I have to worry about to do >> well basically explaining that, but I want to get now to the next conversation point that I'm interested in operational impact because when you have all these things to operationalize, you saw that with dev ops and cloud now hybrid, you got to operationalize this stuff. >>You guys have been in the operations side of the business for our VMware. That's what you're known for and the developers and now on the horizon I gotta operationalize all the security. What do I do? I'm the CSO. I think it's really important that in understanding operations of the infrastructure, we have that control point called vSphere and we're now going to take carbon black and make it agentless on the silverside workloads, which has never been done before. That's operationalizing it at the infrastructure level. At the end point we're going to unify carbon black and workspace one into a unified agent, never been done before. That's operationalizing it on the client side. And then on the container and the dev ops site, you're going to start bringing security into the container world. We actually happened in our grade point of view in containers. You've seen us do stuff with Tansu and Kubernetes and pivotal. >>Bringing that together and data security is a very logical thing that we will add there. So we have a very good view of where the infrastructure and operations parts that we know well, a vSphere, NSX workspace one containers with 10 Xu, we're going to bring security to all of them and then bake it more and more in so it's not feeling like it's a point tool. The same platform, carbon black will be able to handle the security of all of those use cases. One platform, several use cases. Are you happy with the carbon black acquisition? Listen, you know, you stay humble and hungry. Uh, John for a fundamental reason, I've been involved with number of acquisitions from my SAP VMware days, billion dollar plus. We've done talking to us. The Harvard business review had an article several years ago, which Carney called acquisitions and majority of them fail and they feel not because of process of product they feel because good people leave. >>One of the things that we have as a recipe does acquisition. We applied that to AirWatch, we apply the deny Sera. There is usually some brain trust. You remember in the days of nice area, it was my team Cosato and the case of AirWatch. It was John Marshall and that team. We want to preserve that team to help incubate this and then what breve EV brings a scale, so I'm delighted about Patrick earlier. I want to have him on your show next time because he's now the head of our security business unit. He's culturally a fit for the mr. humble, hungry. He wants to see just, we were billion dollar business now with security across networking endpoint and then he wants to take just he's piece of it, right? The common black piece of it, make it a billion dollar business while the overall security business goes from three to five. >>And I think we're going to count them for many years to come to really be a key part of VMware's fabric, a great leader. So we're successful. If he's successful, what's my job then? He reports to me is to get all the obstacles out of the way. Get every one of my core reps to sell carbon black. Every one of the partners like Dell to sell carbon black. So one of the deals we did within a month is Dell has now announced that their preferred solution on at Dell laptops, this carbon bike, they will work in the past with silence and crowd CrowdStrike. Now it's common black every day laptop now as a default option. That's called blank. So as we do these, John, the way we roll is one on here to basically come in and occupy that acquisition, get the obstacles out of the way, and that let Patrick scaled us the same way. >>Martine Casado or jumbo. So we have a playbook. We're gonna apply that playbook. Stay humble and hungry. And you ask me that question every year. How are we doing a carbon black? I will be saying, I love you putting a check on you. It will be checking in when we've done an AirWatch. What do you think? Pretty good. Very good. I think good. Stayed line to the radar. Kept growing. It's top right. Known every magic quadrant. That business is significant. Bigger than the 100 million while nice here. How do we do a nice hero? NSX? It's evolved quite a bit. It's evolved. So this is back to the point. VMware makes bets. So unlike other acquisitions where they're big numbers, still big numbers, billions or billions, but they're bets. AirWatch was a good bet. Turned out okay. That the betting, you're being conservative today anyway. That's it. You're making now. >>How would you classify those bets? What are the big bets that you're making right now? Listen, >> I think there's, um, a handful of them. I like to think of things as no more than three to five. We're making a big bet. A multi-cloud. Okay. The world is going to be private, public edge. You and us have talked a lot about VMware. AWS expanded now to Azure and others. We've a big future that private cloud, public cloud edge number two, we're making a big bet on AB motorization with the container level 10 zoos. I think number three, we're making a big bet in virtual cloud networking cause we think longterm there's going to be only two networking companies in matter, VMware and Cisco. Number four, we're making a big bet in the digital workspace and build on what we've done with AirWatch and other technologies. Number five, and make it a big bet security. >>So these five we think of what can take the company from 10 to 20 billion. So we, you know, uh, we, we've talked about the $10 billion Mark. Um, and the next big milestone for the company is a 20 billion ball Mark. And you have to ask yourself, can you see this company with these five bets going from where they are about a 10 billion revenue company to 20. Boom. We hope again, >> Dave, a lot that's doing a braking and now he might've already shipped the piece this morning on multi-cloud. Um, he and I were commenting that, well, I said it's the third wave of cloud computing, public cloud, hybrid multi-cloud and hybrids, the first step towards multi-cloud. Everyone kind of knows that. Um, but I want to ask you, because I told Dave and we kind of talked about this is a multi-decade growth opportunity, wealth creation, innovation, growth, new opportunity multicloud for the generation. >>Take the, this industry the next level. How do you see that multicloud wave? Do you agree on the multigenerational and if so, what specifically do you see that unfolding into this? And I'm deeply inspired by what Andy Jassy, Satya Nadella, you know, the past leading up to Thomas Korea and these folks are creating big cloud businesses. Amazon's the biggest, uh, in the iOS pass world. Azure is second, Google is third, and just market shares. These folks collectively are growing, growing really well. In some senses, VM-ware gets to feed off that ecosystem in the public cloud. So we are firm believers in what you're described. Hybrid cloud is the pot to the multicloud. We coined that term hybrid thought. In fact, the first incantation of eco there was called via cloud hybrid service. So we coined the term hybrid cloud, but the world is not multi-cloud. The the, the key though is that I don't think you're gonna walk away from those three clouds I mentioned have deep pockets. >>Then none of them are going away and they're going to compete hard with each other. The market shares may stay the same. Our odd goal is to be a Switzerland player that can help our customers take VM or workloads, optimize them in the private cloud first. Okay? When a bank of America says on their earnings caller, Brian Warren and said, I can run a private cloud better than a public cloud and I can save 2 billion doing that, okay? It turns off any of the banks are actually running on VMware. That's their goal. But there are other companies like Freddie Mac, we're going all in with Amazon. We want to ride the best of both worlds. If you're a private cloud, we're going to make you the most efficient private cloud, VMware software, well public cloud, and going to Amazon like a Freddie Mac will help you ride your apps into that through VMware. >>So sometimes history can be a predictor of future behavior. And just to kind of rewind the computer industry clock, if you looked at mainframe mini-computers, inter networking, internet proprietary network operating systems dominated it, but you saw the shift and it was driven by choice for customers, multiple vendors, interoperability. So to me, I think cloud multicloud is going to come down to the best choice for the workload and then the environment of the business. And that's going to be a spectrum. But the key in that is multi-vendor, multi, a friend choice, multi-vendor, interoperability. This is going to be the next equation in the modern error. It's not gonna look the same as mainframe mini's networking, but it'll create the next Cisco, the create the next new brand that may or may not be out there yet that might be competing with you or you might be that next brand. >>So interoperability, multi-vendor choice has been a theme in open systems for a long time. Your reactions, I think it's absolutely right, John, you're onto something there. Listen, the multicloud world is almost a replay of the multi hardware system world. 20 years ago, if you asked who was a multi hardware player before, it was Dell, HP at the time, IBM, now, Lenovo, EMC, NetApp, so and so forth and Silva storage, networking. The multicloud world today is Amazon, Azure, Google. If you go to China, Alibaba, so on and so forth. A Motiva somebody has to be a Switzerland player that can serve the old hardware economy and the new hardware economy, which is the, which is the cloud and then of course, don't forget the device economy of Apple, Google, Microsoft, there too. I think that if you have some fundamental first principles, you expressed one of them. >>Listen where open source exists, embrace it. That's why we're going big on Kubernetes. If there are multiple clouds, embrace it. Do what's right for the customer, abstract away. That's what virtualization is. Managed common infrastructure across Ahmed, which is what our management principles are, secure things. At the point of every device and every workload. So those are the principles. Now the engineering of it changes. The way in which we're doing virtualization today in 2020 is slightly different from when Diane started the company and around the year 2020 years ago. But the principals are saying, we're just not working just with the hardware vendors working toward the cloud vendors. So using choices where it's at, the choice is what they want. Absolutely, absolutely. And you're right. It's choice because it was the big workloads. We see, for example, Amazon having a headstart in the public cloud markets, but there's some use cases where Azure is applicable. >>Some use his word, Google's applicable, and to us, if the entire world was only one hardware player or only one cloud player, only one device player, you don't need VMware. We thrive in heterogeneity. It's awesome. I love that word. No heterogeneity provides not 3000 vendors. There's almost three, three of every kind, three silver vendors, three storage vendors, three networking vendors, three cloud vendors, three device vendors. We was the middle of all of it. And yeah, there may be other companies who tried to do that too. If they are, we should learn from them, do it better than them. And competition even to us is a good thing. All right. My final question for you is in the, yeah, the Dell technologies family of which VMware is a part of, although big part of it, the crown jewel as we've been calling them the cube, they announced RSA is being sold to a private equity company. >>What's the general reaction amongst VMware folks and the, and the Dell technology family? Good move, no impact. What we support Dell and you know, all the moves that they've made. Um, and from our perspective, you know, if we're not owning it, we're going to partner it. So I see no overlap with RSA. We partner with them. They've got three core pillars, secure ID, net witness and Archer. We partnered with them very well. We have no aspirations to get into those aspects of governance. Risk and compliance or security has been, so it's a partner. So whoever's running it, Rohit runs on very well. He also owns the events conference. We have a great relationship and then we'll keep doing that. Well, we are focused in the areas I described, network, endpoint security. And I think what Michael has done brilliantly through the course of the last few years is set up a hardware and systems company in Dell and allow the software company called Vima to continue to operate. >>And I think, you know, the movement of some of these assets between the companies like pivotal to us and so on and so forth, cleans it up so that now you've got both these companies doing well. Dell has gone public, we Hammer's gone public and he has said on the record, what's good for Dell is good, what's good for VMware and vice versa and good for the customer. And I think the key is there's no visibility on what cloud native looks like. Hybrid, public, multi, multi, not so much. But you get almost, it's an easy bridge to get across and get there. AI, cyber are all big clear trends. They're waves. Sasha. Great. Thank you. Thanks for coming on. Um, your thoughts on the security show here. Uh, what's your, what's your take to, uh, definitive security shows? I hope it stays that way. Even with the change of where RSA is. >>Ownership goes is this conference in black hat and we play in both, uh, Amazon's conference. I was totally starting to, uh, reinforce, reinforce cloud security will show up there too. Uh, but we, we think, listen, there's what, 30,000 people here. So it's a force. It's a little bit like VMworld. We will play here. We'll play a big, we've got, you know, it just so happens because the acquisition happened before we told them, but we have two big presences here. We were at carbon black, um, and it's an important business for us. And I said, like I said, we have $1 billion business and security today by 30,000 customers using us in a security network, endpoints cloud. I want to take that to be a multi, multiple times that size. And I think there's a pot to do that because it's an adjacent us and security. So we have our own kind of selfish motives here in terms of getting more Mindshare and security. >>We did a keynote this morning, which was well received with Southwest airlines. She did a great job. Carrie Miller, she was a fantastic speaker and it was our way of showing in 20 minutes, not just to our point of view, because you don't want to be self serving a practitioner's point of view. And that's what's really important. Well finally on a personal note, um, you know, I always use the term tech athlete, which I think you are one, you really work hard and smart, but I got to get your thoughts. But then I saw you're not on Twitter. I'm on. When IBM announced a new CEO, Arvin, um, fishnet Indian American, another CEO, this is a pattern. We're starting to see Indian American CEOs running cup American companies because this is the leadership and it's really a great thing in my mind, I think is one of the most successful stories of meritocracy of all time. >>You're quick. I'm a big fan of oven, big fan of Shantanu, Sundar Pichai, something that Ellen, many of them are close friends of mine. Uh, many of them have grown up in Southern India. We're a different ages. Some of them are older than me and in many cases, you know, we were falling behind other great players like Vino Cosla who came even 10 to 15 years prior. And you know, it's hard for an immigrant in this country. You know, um, when I first got here and I came as an immigrant to Dartmouth college, there may have been five or 10 Brown skin people in the town of Hanover, New Hampshire. I don't know if you've been to New Hampshire. I've been there, there's not many at that time. And then the late 1980s, now of course, there's much more, uh, so, you know, uh, we stay humble and hungry. >>There's a part of our culture in India that's really valued education and hard work and people like Arvin and some of these other people are products. I look up to them, the things I learned from them. And um, you know, it's true of India. It's a really good thing to see these people be successful at name brand American companies, whether it's IBM or Microsoft or Google or Adobe or MasterCard. So we're, we're, I'm in that fan club and there's a lot I learned from that. I just love being around people who love entrepreneurship, love innovation, love technology, and work hard. So congratulations. Thank you so much for your success. Great to see you again soon as you put in the COO of VM-ware here on the ground floor here at RSA conference at Moscone, sharing his insight into the security practice that is now carbon black and VMware. All the good things that are going on there. Thanks for watching.
SUMMARY :
RSA conference, 2020 San Francisco brought to you by Silicon We've talked a number of times, but nice to see you here. So the threat of cyber has to cut across now multiple the CIO so often, you know, reports a report directly, sometimes, employees and the idea of a cyber security and physical security. It has to be intrinsic. And again, AirWatch was a big acquisition that you did. that there were certain control points and security that could help, you know, the endpoint, and you could think of endpoint as to both client and workload identity, We saw the same thing. conversation point that I'm interested in operational impact because when you have all these things to operationalize, You guys have been in the operations side of the business for our VMware. Listen, you know, you stay humble and hungry. One of the things that we have as a recipe does acquisition. So one of the deals we did within a month is So this is back to the point. I like to think of things as no more than three to five. So we, you know, uh, we, we've talked about the $10 billion Mark. Dave, a lot that's doing a braking and now he might've already shipped the piece this morning on Hybrid cloud is the pot to the multicloud. and going to Amazon like a Freddie Mac will help you ride your apps into that through VMware. I think cloud multicloud is going to come down to the best choice for the workload serve the old hardware economy and the new hardware economy, which is the, which is the cloud and then of We see, for example, Amazon having a headstart in the public cloud markets, but there's some use cases where Azure although big part of it, the crown jewel as we've been calling them the cube, they announced RSA is being What we support Dell and you know, all the moves that they've made. And I think, you know, the movement of some of these assets between the companies like pivotal to us and so on and so forth, And I think there's a pot to do that because it's an adjacent us and note, um, you know, I always use the term tech athlete, which I think you are one, And you know, Great to see you again soon as you put in the COO
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Andrew Ko, AWS | AWS Imagine 2019
>> From Seattle, Washington, it's the Cube! Covering AWS Imagine, brought to you by Amazon web services. >> Hey welcome back everybody, Jeff Rick here with the Cube. We're in downtown Seattle at the AWS Imagine EDU Conference, it's the second year of the conference, we came up last year, I think it was like 400 people, this year's like 800 people, like all the Amazons, it grows and grows and grows. Really again, specifically a carve out from the public sector group, all about education, that's K-12, that's higher education, it's community college education, it's retraining vets, it's a huge thing. We're really excited to have the ring leader this whole event, he's just coming off the keynote, he's Andrew Ko, he's a global education director for AWS, working for Teresa. Andrew, great to see you. >> Thank you very much for having us here. >> What an event! >> Yes! >> And good job on the keynote, you guys covered a lot of different segments. This education opportunity challenge-- >> Yah. >> Is so multifaceted. >> Yes. >> Now how do you kind of organize again, what are the ways that you kind of look at this opportunity? >> Well, that's a great point, we could go on for days and for so many of the important topics, but we've really broken it down into three themes that we've carried on from last year. Really wanted to help and assist when it comes to employability. As we talk about the growth of AWS Cloud, what we're finding is there's a tremendous amount of lack of skilled talent to really fulfill those demands. So workforce is one of those particular areas. Secondly, we're seeing a tremendous growth on machine learning. The way to really predict things, whether it's student success or research. Finally, we also have a third theme that is come around innovation and transformation. Not so much always about the IT, but how are people moving along quickly on their Cloud journey? And really enabling a lot of their stakeholders, like researchers, medical centers, as well as students, to really adopt and learn technology but also embrace it in very very new innovative ways. >> Right. It's it's funny, there was a video showed in the keynote with Andy and I just want to pull the quote where you said it's not about protecting today, the infrastructure-- >> Yup. >> And we've joked many times on air about if when the time machine and you pulled somebody from 1760 and they came here-- >> Andrew: Yah. >> The only thing they'd recognize is the schoolhouse, right? >> Andrew: Right. >> But you guys are really working to change that. Everything from really, Cloud as an infrastructure efficiency play-- >> Andrew: Right. >> All the way through Cloud as an enabler for innovation, doing some really crazy things with Alexa and some of the other projects that are underway. >> Absolutely. And and we always start with our customers first. They're really the ones that have that vision and want to ensure that it's improved, and so we're excited to be a part of that journey. And as just a couple examples on how that is starting to change, is through this adaptive way of looking at information and data, and as an example as I mentioned that we're going to have an incredible panel sessions of many of our speakers, and one of which I like to call out is with the California Community College. They have over 2.1 million students at any given year, and now with the technology, they can start to try to look at patterns of success for students, patterns of challenges, and really start to make education more interactive, which is a one-way like what you were mentioning maybe it was a hundred years ago. >> Right, with the chalkboard. (chuckles) >> So it's so funny with, we talk about ML and AI-- >> Yup. >> You know, everyone's talks in the paper about, you know, the machines are going to take all of our jobs, but if you go to the back pages of the paper, I don't know if they have that anymore-- >> Yah. (chuckles) >> There's a whole lot of open recs, right? >> Yup. >> People can't hire fast enough for these jobs-- >> Right. >> So it's actually that's a much bigger problem than them taking jobs away right now, so this re-skilling is really really significant. >> Absolutely. And we always say that there's not necessarily always a jobs gap, but it's really a skills gap that are going unfulfilled. So there is a change in a lot of the talents that are required, but that's why it's so important for us representing education. That's not just about the infrastructure but how do we better prepare not just the learners of today that need some re-skilling, but also the learners for tomorrow, and provide them a pathway in a way to be interested in it, but also more importantly, getting jobs. >> Jeff: Right. >> The end of day, it's not just about a learning thing, it's about an economic thing. And so we're finding all those announcements as you heard earlier, such as Brazil. With SENAI, they're going to now announce that this curriculum is going to be available for 2.5 million education learners across the entire country, working with 740 universities so we're really excited to be behind that, and we would love to take the credit but really it's our customers, it's our leaders, it's those individuals that are really cutting edge and making those things happen. >> Jeff: Right. So again, last year was a lot about the community college and the certification of those programs, the accreditation. This year you're introducing bachelor programs, and-- >> Yes. >> Really amazing statement in the keynote about the governor of the state of Louisiana-- >> Yes. >> Basically dictating the importance of having a four-year degree based on Cloud skills. That's pretty significant. >> It's exciting. I mean, and I would say, as living in Virginia we're excited to see Northern Virginia alongside with Santa Monica Community College and Columbus Day Community College jointly together created, it wasn't us that created it, it was actually the faculty members and we got together created it, and the governor of Louisiana just took it to the next level. He really, alongside with his leadership team, of the individual leaders of the state community colleges as well as the universities said not only are we going to adopt the two-year across the state but we're going to have it articulate, allowing for students to get credit at the four-year. >> Jeff: Right. >> And why that's important, Jeff, is that we want to make sure that the pathway has on-ramps of how and where you can intersect and to get re-skilled, but also off-ramps. Some of them may get jobs right away at community college, some of them want to go to a four-year and go have more deeper learning and a different experience so-- >> Jeff: Right. >> All those options are now open. >> Right. >> And having that governor just indicates that it's important at a massive massive scale. >> Jeff: Yah. So another thing, we we have to talk about Alexa right? I forget how many millions of units you said are sold-- >> Hundred million devices last time I checked, yah. 70,000 skills. >> Lots and lots of skills, right, the skills. So it's pretty interesting in terms of really kind of helping the universities, beside just be more efficient with the Cloud infrastructure but actually appeal to their customers' students-- [Andrew] Yah. >> In a very very different way. And a pretty creative way to use Alexa and what's what's fascinating to me is I don't think we've barely scratched the surface-- >> Andrew: That's correct. >> Of voice, as a UI. >> Andrew: Yah. >> We won't. We're old, we have thumbs. (chuckles) >> But the kids coming up, right? Eventually that's going to flip-- >> Andrew: Right. >> And it's going to be more voice than keyboards so you guys took an interesting tack from the beginning, opening up the API to let people program it, versus just learning-- >> Absolutely. >> Another method. So some exciting skills, what are some of the ones that that surprise you as you go around-- >> Well-- >> To visit these customers? >> There's so many of them, it's hard to announce and discuss all of them but I would definitely say yes, this next generation, not the old fuddy-duddies like me, learn very differently now. And they're expecting to learn very differently and I think voice and natural user interface is going to be the big thing that people are going to be comfortable to talk to things and have responses back, and some of the things that we announced with our partners, well actually a few weeks ago that we mentioned in the keynote, like Kahoot!, one of the larger interactive ways of young students learning from gamification. Now they can actually speak to it, and engage in much different ways rather than just typing on a keyboard or or coding or typing things in phones, so that's exciting. Or ACT. As you just mentioned earlier, you have a young rising sophomore in a university. They probably had to, she or he had to probably study in order to get into college. Well, what if there was a voice-enabled advisor of how to take the test and the examination and that's what ACT launched. >> Jeff: Right. >> Just some small examples, and now we want to extend that excitement by encouraging other education technology companies to enroll their application by South by Southwest that we're going to announce the winners there-- >> Jeff: Right. >> Next year. So to have a lot of energy, have the educators, and just build on that incredible momentum. >> Alright Andrew, so before I let you go, I know that you got a couple thousand people here waiting to talk to you. (chuckles) The other thing is you guys have gone outside the classroom, right? >> Mm-hmm. >> Really interesting conversation about helping active-duty marines learn how to use data. Really interesting conversations about bringing the big data revolution more heavily into research and more heavily into medical and more heavily into those types of activities that happen at top-tier universities. >> Andrew: Yah. >> Really different way to again apply this revolution that's been happening on the commercial side, the enterprise side into which we play, and and helping people adapt and and evolve and really embrace big data as a tool in solving these other problems. >> Absolutely. And I think you mentioned some very important points there. Number one for us, we always think of learners as individuals that are just growing up through the educational system. But we also have learners that are lifelong learners, that have changing careers or alternating changing, so we're excited to be a part of the announcement with Northern Virginia Community College where they created a special program for Marine Corps, so they can come out and learn data intelligence, that would be applied for all, but also focused with the Marine Corps individuals there to really learn another skill set and apply it to a new occupation. >> Jeff: In their active duty. This is not for when they come out-- >> Absolutely. >> For for re-train. This is in while they're in their >> Very important. >> In their existing job. >> Absolutely. And that so that when they come out they have now applied skills in addition to the skills that they've learned being in the Marine Corps, so that they can also become really productive right after their enlistment there. >> Jeff: Right. >> And then you mentioned about research, I mean that is also an exciting thing that people so often also forget, that education also extends out there, and so like UCLA, they've created a new department blending medicine as well as engineering to tackle very important research like cancer and genomics, and so those complicated facets are now no longer is IT a separate conversation, but it's an infused way where much more high-performance computing can handle some interesting research to accelerate the outcomes. >> Right. Well Andrew, well thanks for inviting us to be here for the ride. We've we've been along the AWS ride (chuckles) >> For a while, from summits in 2012 and reinvents so we know it's going to grow, we're excited to watch it, and we'll see you next year. >> Jeff, thank you very much, and the ride is just beginning. >> Alright. He's Andrew, I'm Jeff, you're watching the Cube, we're in downtown Seattle at the AWS Imagine EDU Conference. Thanks for watching. (upbeat music)
SUMMARY :
Covering AWS Imagine, brought to you by Amazon web services. We're really excited to have the ring leader And good job on the keynote, and for so many of the important topics, and I just want to pull the quote where you said But you guys are really working to change that. and some of the other projects that are underway. and so we're excited to be a part of that journey. Right, with the chalkboard. So it's actually that's a much bigger problem but also the learners for tomorrow, that this curriculum is going to be available the community college and the certification Basically dictating the importance of having of the individual leaders of the state community colleges is that we want to make sure that the pathway has on-ramps And having that governor just indicates I forget how many millions of units you said are sold-- Hundred million devices last time I checked, yah. Lots and lots of skills, right, the skills. And a pretty creative way to use Alexa We're old, we have thumbs. what are some of the ones that that surprise you and some of the things that we announced with our partners, and just build on that incredible momentum. I know that you got a couple thousand people here about helping active-duty marines learn how to use data. that's been happening on the commercial side, so we're excited to be a part of the announcement This is not for when they come out-- This is in so that they can also become really productive and so those complicated facets are now to be here for the ride. so we know it's going to grow, we're excited to watch it, we're in downtown Seattle at the AWS Imagine EDU Conference.
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Bipin Jayaraj, Make-A-Wish® America | VeeamON 2019
>> live from Miami Beach, Florida It's the que covering demon 2019. Brought to you, by the way, >> Welcome back to Vima on 2019 in Miami. Everybody, we're here at the Fountain Blue Hotel. This is Day two of our coverage of the Cube, the leader in live Tech. And I'm David Dante with Peter Bors. Pippen. Jay Raj is here. He's the vice president and CEO of Make A Wish America. Just that awesome foundation nonprofit people. Thanks for coming on the Cube. >> Thank you for having me appreciate it. >> So make a wish. Children with wishes and have terminal illnesses. You guys make them come true. It's just a great organizations. Been around for a long time, I think, since the early eighties, right, >> 39 years and going >> years and hundreds of thousands of wishes made. So just how did you get Teo make a wish that all come about >> it? It wasn't interesting journey. I was consulting in I t for multiple big companies. And, you know, two years back, it was through a recruiting channel that I got an opportunity to start some conversations as the CIA and make a wish. Uh, the thing that got me in the opportunity was predominately about enterprises and just to give you a little bit off, make official operations. Make a Wish was Founded and Phoenix, Arizona. And but we also operate a 60 chapters across the United States that it is 60 chapters each of the chapter there 501 C three companies themselves with the CEO and abort. Essentially, it is 60 plus one. The national team kind of managing. All of the chapters are helping the chapters. National does not do any wish. Granting all the wish planning happens to the chapters. But National helps the chapters with the distribution of funding models brand. And thanks for That's a couple of years back in the national board talked about in our dream and mission, which is granting every eligible child the notion ofthe enterprise. You know, working as an enterprise came into four and it being a great piece off providing shared services and thanks for that. So I was brought on board and we took on I would call as the leader today said and dashes dream off. Bringing together all the 60 chapters and the city chapter's essentially are split across 120 locations. So Wade took on a project off. You know, combining our integrating all of their infrastructure needs into one place. And Phoenix without ada, sent a provider. You know, we worked with a partner. Phoenix. Now fantastic partners >> there. We had them on the other day. >> Yep, yep. Yeah, MacLaren. I mean, and the team, they did a great job. And, you know, when we had to move all of the data, everything from the 60 chapters applications everything into a centralized data center, locations that we managed right now from Make a Wish National office and provide a service back to the chapters That gives you a little bit off. You know, from behind the scenes. What happened? >> You provide the technical overview framework for all the 60 chapters. >> It almost sounds like a franchise model. >> It's what we call a Federated model back in the nonprofit. >> But but but but because make a wish is so driven by information. Yep. Both in the application as well as the programs to deliver thie brand promise. And the brand execution has got to be very, very closely tied to the quality of a shared services you provide >> exactly. Exactly. And like I said, the reason I talked about them being a separate companies themselves is you know, as I always say to my 60 CEOs, Ah, I should be able to provide the services because they wanted, because they have a choice to go outside and have their own partner. Another thing for that which they can. But they would want to work with the national team and get my, you know, work through our services rather than having have to because of the very it's A. It's a big difference when it comes to, but I've been lucky on privileged to you have these conversations with the CEO's. When I start talking to them about the need for centralization, the enterprise society assed much, there are questions when he start leading with the mission and the business notion of why we need to do that, it's It's fantastic. Everybody is in line with that. I mean, there's no question, then, as toe Hey, guys, uh, let me do all the Operation Manisha fight and leave it to me and I'll in a handler for you, and I let you guys go to what you do best. which is granting wishes. So then it becomes it doesn't become a question off, you know, should be a shouldn't way. And of course, to back that up. But I was talking to the dean, folks, It just solutions. Like VMware, Veeam. It makes it much simpler even from a cost prospect. You not for me to manage a bigger team s so that I can take those dollars and give it back to the business to grant another wish. So it's it's pretty exciting that >> way. So you set the standards. Okay, here's what you know, we recommend and then you're you're saying that adoption has been quite strong. Yeah, I remember Peter. Don't say easy. I used to run Kitty Sports in my local town in which is small town. And there was, you know, a lot of five or six or seven sports, and I was the sort of central organization I couldn't get six sports to agree that high man is 60 different CEO's. But that's okay. So not easy. But so how were you able to talk leadership or leading as we heard from Gino Speaker today? How were you able to get those guys, you know, aligned with your vision. >> Uh, it's it's been fantastic. I've had a lot ofthe good support from our executive came from a leadership team because leadership is always very important to these big initiatives are National board, which comprises off some of the that stuff best leaders in America and I have the fortune toe be mentored by Randy Sloan, who used to be the CEO of Southwest. And before that, you see a global CEO for, uh, you know, Popsicle. You know, he always told me, but but I mean CIA job. One thing is to no the technology, but completely another thing. Toe building relationships and lead with the business conversation. And so a typical conversation with the CEO about Hey, I need to take the data that you have all the I t things that you have and then me doing it. And then there are questions about what about my staff and the's conversations. Because you know, it's a nonprofit is a very noble, nice feeling, and you wouldn't want the conversations about, you know, being rift and things like that are being reduced producing the staff and thinks of that. But you know as he walked through that and show the benefits of why we doing it. They get it. And they've been able to repurpose many off the I. D functions back in tow, revenue generation model or ofhis granting in our team. And in many cases, I've been ableto absolve some off their folks from different places, which has worked out fine for me, too, because now I have kind of a power user model across the United States through which I can manage all these 120 locations. It's very interesting, >> you know, site Reliable and Engineering Dev Ops talks about thie error budget or which is this notion of doo. You're going tohave errors. You're going to have challenges. Do you want it in the infrastructure you wanted the functions actually generating value for the business? I don't know much about Make a wish. I presume, however, that the mission of helping really sick kids achieve make achieve a wish is both very rewarding, very stressful. He's gotta be in a very emotional undertaking, and I imagine it part of your message them has got to be let's have the stress or that emotional budget be dedicated to the kids and not to the technology >> completely agree. That's that. That's been one of my subjects, as you asked about How is it going about? It's about having the conversation within the context of what we talked about business and true business. Availability of data. You know, before this enterprise project data was probably not secure enough, which is a big undertaking that we're going down the path with cyber security. And you know, that is a big notion, misplaced notion out there that in a non profits are less vulnerable. Nobody. But that's completely untrue, because people have found out that nonprofits do not probably have the securing of walls and were much more weight being targeted nonprofits as a whole, targeted for cyber security crimes and so on and so forth. So some of these that I used to, you know, quote unquote help or help the business leaders understand it, And once they understand they get it, they ableto, you know, appreciate why we doing it and it becomes the conversation gets much more easier. Other What's >> the scope of the size of the chapters is that is a highly variable or there is. >> It is highly variable, and I should probably said, That's Thesixty chapters. We look at it as four categories, so the cat ones are what we call the Big Ice, the Metro New Yorkers and Francisco Bay Area. They're called Category one chapters anywhere between 4 1 60 to 70 staff. Grant's close to around 700 wishes you so as Make a Wish America, we ran close toe 15,600 wishes a year, and cat ones do kind of close to 700 15,600 400 to 700. And then you get into care to scare threes and cat for scat force are anywhere between, you know, given example Puerto Rico or Guam territory there. Cat Force New Mexico is a cat for three staff members Gammas operated by two staff members and 20 volunteers. They grant about 3 2 20 12 to 15 which is a year, so it's kind of highly variable. And then, you know, we talk about Hawaii chapter. It's a great example. They cat once predominate because of the fact that you know, they they do. There's not a lot ofthe wishes getting originated from how I but you know, Florida, California and how your three big chapters with a grand are a vicious ist with a lot of grant, you know, wish granting. So there's a lot off, you know, traffic through those chapters >> so so very distributed on diverse. What's the relationship between data and the granting of wishes? Talk about the role of data. >> Should I? I was say this that in a and I probably race a lot of fibrosis and my first introductory session a couple of years back when I John make a wish with the CEO's uh, when we had the CEO meeting and talk to them about I leaders the days off making decisions based on guts are gone. It has to be a data driven decision because that's where the world is leading to be. Take anything for that matter. So when we talk about that, it was very imperative going back to my project that the hall we had all of the data in one place or a semblance off one single place, as opposed to 60 different places to make decisions based on wish forecast, for example, how many wishes are we going to do? How many wishes are coming in? How's the demand? Was the supply matching up one of the things that we need to do. Budget purposes, going after revenue. And thanks for that. So data becomes very important for us. The other thing, we use data for the wish journeys. Essentially, that's a storytelling. You know, when I you know, it was my first foray into for profit Sorry, nonprofit. And me coming from a full profit is definitely a big culture shock. And one of the things they ask us, what are we selling? Its emotions and story. And that's our data. That is what you know. That's huge for us if we use it for branding and marketing purposes. So having a good semblance off data being ableto access it quickly and being available all the time is huge for us. >> Yeah, and you've got videos on the site, and that's another form of data. Obviously, as we as we know here, okay. And then, from a data protection standpoint, how do you approach that? Presume you're trying to standardize on V maybe is way >> are actually invested in veeam with them for a couple of years right now, as we did the consolidation of infrastructure pieces Veeam supporters with all of the backup and stories replication models. Uh, we're thinking, like Ratmir talked about act one wi be a part of the journey right now, and we're looking at active. What that brings to us. One of the things that you know, dream does for us is we have close to 60 terabytes of data in production and close to another 400 terabytes in the back of things. And, uh, it's interesting when they look about look at me equation, you think about disaster recovery back up. Why do you need it? What? The business use cases case in point. This classic case where we recently celebrated the 10th anniversary ofthe back wish bad kid in San Francisco, we have to go back and get all the archives you know, in a quick fashion, because they're always often requests from the media folks to access some of those. They don't necessarily come in a planned manner. We do a lot of things, a lot of planning around it, but still there are, you know, how How did that come about? What's the story behind? So you know, there are times we have to quickly go back. That's one second thing is having having to replicate our data immediately. Another classic case was in Puerto Rico. There was a natural disaster happened completely. Shut off. All the officers work down. We had to replicate everything what they had into a completely different place so that they could in a vpn, into an access that other chapters and our pulled in to help. They were close to 10 wish families close to 10 which families were stranded because of that. So, you know, gaining that data knowledge of where the family is because the minute of his journey starts. Everything is on us till the witch's journey ends. So we need to make sure everything is proper. Everything goes so data becomes very crucial from those pants >> you're tracking us. I mean, if you haven't been on the make a Wish site is some amazing stories. There I went on the other day. There's a story of ah, of 13 year old girl who's got a heart condition. Who wanted to be a ballerina. A kid with leukemia five years old wants to be a You want to be a chef. My two favorites, I'll share What? It was this kid Brandon a 15 year old with cystic fibrosis. I wanted to be a Navy seal. You guys made that happen. And then there was this child. Colby was 12 years old and a spinal muscular issue. You want to be a secret agent so very creative, you know, wishes that you ran >> way had another wish a couple of years last year in Georgia, where they wish kid wanted to go to Saturn. Yes, yes, it was huge. I mean, and you know the best part about us once we start creating those ideas, it's amazing how much public support we get. The community comes together to make them wish granting process. Great. Now. So I got involved in that. They gave the wish Kato training sessions to make sure that he is equipped when he goes into. And we had a bushel reality company create the entire scene. It was fabulous. So, you know, the way you talk about data and the technology is now some of the things I'm very excited about us usage off thes next Gen technology is like our winter reality to grant a wish. I mean, how cool would that be for granting a wish kid who is not able to get out of the bed. But having able to experience a the Hawaii is swimming. Are being in Disney World enough a couple of days? That's That's another use case that we talked about. That other one is to put the donors who pay the money in that moment off granting, you know, they are big major gift, uh, donors for make a wish. Sometimes we were not able to be part of a fish, but that would be pretty cool if you can bring the technology back to them and you know not going for them. You know pretty much everybody and make the ass through that rather than a PowerPoint or a storytelling, when the storytelling has to evolve to incorporate all of that so pretty excited >> and potentially make a participatory like, say, the virtual reality and then even getting in more into the senses and the that the smells. And I mean this is the world that we're entering the machine intelligence, >> which you still have to have, But you still have to be a functioning, competent, operationally sound organization. There've been a number of charities, make a wish is often at the top of the list of good charities. But there were a number of charities where the amount of money that's dedicated to the mission is a lot less an amount of money, dedicated administration of fundraising, and they always blame it. Systems were not being able to track things. So no, it's become part of the mission to stay on top of how information's flowing because it's not your normal business model. But the services you provide is really useful. Important. >> Sure, let me percent you the business conundrum that I have personally as a 90 leader. It takes close to $10,400 on an average to grant a wish. Uh, and, uh, partly because of me. But being part of the mission, plus me as a 90 leader wanting to understand the business more, I signed up. I'm a volunteer at the local Arizona chapter. I've done couple of expanding myself, and, uh, the condom is, if asked, if you want to go, uh, you know, do the latest and greatest network upgrade for $10,400 are what do you want to, uh, you know and make the network more resilient cyber security and all that stuff. What do you want to go grant? Another wish as a 90 leader probably picked the former. But as a volunteer, I would be like, No, it needs to go to the kid. It's Ah, it's It's an interesting kind of number, you know? You have to find the right balance. I mean, you cannot be left behind in that journey because at many points of time s I talked about it being a cost center. It being a back office. I think those days have clearly gone. I mean, we we evolved to the point where it is making you steps to be a participant b A b a enabler for the top line to bring in more revenues, tow no augment solutions for revenue and things. For that sofa >> rattles the experience or exact role citizens. And in your case, it's the experience is what's being delivered to the degree that you can improve the experience administratively field by making operations cheaper. Great. But as you said, new digital technologies, they're going to make it possible to do things with the experience that we could even conceive of. Five >> wears a classic example. Williams and Beam. I couldn't have taken the data from 60 chapters 120 locations into one single location manageable, and it reduced the cost literally reduce the cost of the 60 instances in one place without technology is like, you know what Sharia virtual machines. And and then to have a backup robust backup solution in a replication off it. It's fantastic. It's amazing >> there. And that's against here. You could give back to the dash chapters and backing, But thanks so much for sharing your story. You Thank you. Thank you. You're welcome. Alright, keep it right there. Buddy. Peter and I were back with our next guest. You watching the Cube live from V mon from Miami? 2019. We're right back. Thank you.
SUMMARY :
live from Miami Beach, Florida It's the que covering of the Cube, the leader in live Tech. since the early eighties, right, you get Teo make a wish that all come about And, you know, two We had them on the other day. And, you know, And the brand execution has got to be very, But they would want to work with the national team and get my, you know, And there was, you know, a lot of five or six or seven CEO for, uh, you know, Popsicle. you know, site Reliable and Engineering Dev Ops talks about thie error budget or And you know, They cat once predominate because of the fact that you know, Talk about the role of data. You know, when I you know, it was my first foray into for from a data protection standpoint, how do you approach that? One of the things that you know, dream does for us is we have close to 60 You want to be a secret agent so very creative, you know, wishes that you ran the way you talk about data and the technology is now some of the things I'm very excited about us usage and the that the smells. But the services you provide I mean, you cannot be left behind it's the experience is what's being delivered to the degree that you And and then to have a backup You could give back to the dash chapters and backing, But thanks so much for
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Simon Bray, Vega Factor | Citrix Synergy 2019
>> Narrator: Live. From Atlanta Georgia. It's theCUBE. Covering, Citrix Synergy, Atlanta 2019. Brought to you by Citrix. >> Hey, Welcome back to theCUBE. Lisa Martin with Keith Townsend and we're comin' to you Live from Atlanta, Georgia. The Showfloor from Citrix Synergy 2019. We're excited to welcome to theCUBE for the first time Simon Bray. Principle and Head of Leadership and Culture at Vega Factor. Simon, welcome to theCUBE. >> Thanks very much. Great to be here. >> So, I was doing some stalkin' of you online as I do for every guest. >> Simon: Thank you. >> Yup. And I read you're a culture Agent based in New York City. >> Simon: Yes. >> Then you come on set and I'm like , you're not originally from New York City. >> Simon: That is correct. >> You're a transplant and you hail from Brooklyn. >> Simon: Yes, I do. >> Which is where my mom Cathy Dally is from. >> Simon: Very nice, very nice. >> She will love you automatically because you live in Brooklyn. >> Keith: (laughter) >> I consider myself to be a New Yorker. I moved to New York in early 2006. So 14 years, and I think I can make that claim. Although, I am originally form London. >> I would say so. Although your accent is still identifiable. >> Simon: I keep-- I try to keep the accent. >> I mistaked it for a Texas accent, so that's--. >> Texas? >> Yeah. >> Yeah, yeah. >> Got confused? Oh there you go. >> I get that a lot. >> I bet. Yeah. Well, regardless of that you're a Culture Agent. >> Simon: Yes. >> What is that? >> Simon: Okay. >> Because we talk about Cultural Transformation and Corporate Cultures and how employee experience is essential. But Culture Agent, I just thought that was very interesting. >> Yes, so my job is to help organizations create great cultures. Essentially, our theory at Vega Factor is that to create a great culture-- First of all you need to make sure that you build an adaptive organization. So one that is able to change, is able to flex is able to innovate. So that's kind of part one. So my role is really to help organizations become more adaptive. The way that I do that is by trying to -- create an operating model in an organization that is highly motivating. We've developed a way of measuring motivation. We call it TOMO. Where, essentially you look at trying to create a system which drives up the Play, Purpose and Potential the individuals feel. Play is enjoying the work. Purpose is when people feel like they're makin' a difference. And Potential, is when people feel like they're developing and growing. And minimizing the emotional pressure, economic pressure and inertia people feel. So were tyin' to design an operating model that drives that up in order to help people become more adaptive. So my work is to work with leaders and organizations all over the place to help them apply the science of that approach to become more adaptive. >> Lisa: That's awesome. So I've heard of FOMO. >> Okay. >> Fear of missing out. Which I imagine -- everybody that's not here at Citrix Synergy has FOMO. >> Well, of course. It's incredible. >> I know JOMO, I don't have that right now goin' on. >> (giggles). >> TOMO. >> Yes. >> Total, motivation? >> Total motivation. Yeah, so we were asking ourselves the question how do you get people to turn up and do their best work? You know, how do you get people to be motivated not just to do what it says on their job description. To actually lean into their role. To be constantly thinking about how to improve it. About how to innovate, about to problem solve. About how to collaborate. When times are tough. And really what it boiled down to is really simple insight. Which is why we work, determines how well we work. So we started lookin' at the psychology behind motivation. That's where we developed this frame work we call TOMO or total motivation. Which is where we're lookin' at trying to get people to turn up and be excited for themselves. Versus doing things because they're being pressured to do it by external forces. >> Keith: So a lot-- a lot of great conversation on stage this mornin' talking about employee experience, employee's not getting disenfranchised or feelin' unmotivated about their jobs. What are some of the largest factors you see, did what Citrix shared this morning correlate with what you're seeing when you're talkin' to clients? >> Simon: 100%, Yeah. I think what was interesting this morning was the focus on not just the technology but the peoples side of things. And making sure that there's a close partnership between people and technology. And really seeing that through the lens of the overall employee experience. The way that we see the employee experience is everything that affects somebody's motivation in an organization is part of the employee experience. So, everything from the way that you frame up your purpose and identity as an organization. To the way that you organize yourselves and design roles and teams. To the way that you work together as a team. To the way that you set up governance, planning, the talent and performance systems. All of these things can be designed poorly. And therefore create disengagement and lack of motivation. They can also be designed really well. To drive that play, purpose and potential that I talked about earlier on. And as I said before, our work is all about helping organizations design the system within which people work to maximize TOMO. And that's our answer to some of the issues that were raised this morning about employees being disengaged. Our view is that that's just not good enough. You need to make sure that you're really focusing on how to make sure that people turn up and do their best work. And then the technology side of it is making sure that they're equipped with the tools, of course, that they need to do that. >> So, where do you start when organizations come to you in the Vega Factor and say, Hey guys, whether it's a younger organization that I would think on one hand might have an advantage being younger, maybe less kind of cultural biases built in. Versus an organization that might be a competitor with Citrix. Who's been around for decades and has a very, probably I don't want to say static culture. But probably a lot of cultural elements really locked in. What's the starting point? For that fresher organization versus a legacy organization? Are there any overlaps with where you guys recommend, all right this where we got to go. >> Yeah, I think the same overall framework applies. But just in a slightly different way. So, the way we start our conversations often is by defining performance as being, having two parts. The first part of performance is tactical performance. Which is all about strategy, planning and execution. And doing that as efficiently as possible. So tactical performance is really important. And then there's also the adaptive performance. Adaptive performance is how effectively can you diverge from the plan. Reacting to context changes, innovating, problem solving, solving issues. And those two types of performance are both important but they're opposing. So if you have too much tactical performance, you end up being very rigid. And it kills your ability to be adaptive. If you have too much adaptive performance you end up reinventing things all of the time and having no tactical performance and being a bit chaotic. I share that because when we look at two different types of company. Call it a legacy organization and a high growth start up. We often find that that high growth start ups have too much adaptive performance and that eats their ability to be tactical performance. People go crazy, because they're reinventing themselves all the time. And they haven't got the processes and systems so a lot of times with those organizations it's all about getting clear, on some of the basics. What are the guard rails within which we operate. What is our purpose, and identity? How do we want to organize? So that's all about helping a highly adaptive organization improve their tactical performance. Then the other side of it is a legacy organization. You know, think of any big mega organization. Where, actually as they've grown they've shifted from being really adaptive into being really tactical. They put in place processes and policies and structures, to help them manage their scale. The issue is, is that in doing that they can often lose their ability to be adaptive, By becoming bureaucratic. So, with those organizations a lot of our work is how can you, without losing that tactical performance create the space, and autonomy for teams to be able to be adaptive at the same time? So that's kind of where we come. Same framework, but actually a start point that's really quite different. >> So, let's talk about scale. Small organizations, start ups, I can see how that approach can be very deliberate. You can, spend a percentage of your time building culture. Let's talk about the big battle ships. When your goin' into a large organization. How does a large organization where it's very difficult to impact change and culture change. How do large organization's tackle this challenge? >> That's a great question. You're right, it is much harder to work within a big organization to affect change. I think the way that we would typically approach it is first of all, not to try to change a big organization at the same time. You know, it's hard to change the behavior of a thousands of people quickly. And so what we try to do is to start by taking a small part of the organization. To actually, show using that organization what good looks like. To, and then build from that. So, show the rest of the organization how this can work, how you can manage both tactical and adaptive performance. How you can create a high TOMO way of working. Then we find, that people gradually follow on from there. What's really important about that is, one you're not trying to boil the ocean. But secondly, you're showing people what good looks like and you're giving them the opportunity to opt in. And I found that when people opt into change and they start pulling for it that's a much better way to affect change versus operate in a situation where change is something that's done to people. Where people are told what to do. >> Lisa: It's being pushed on them. >> Yeah exactly. >> Lisa: Right, naturally, you're going to get resistance there. >> Yeah. For sure. >> Some of the stats that we heard this morning and Keith and I are both living this. I think I heard, maybe it was within the last week that by 2020, which is literally around the corner that 50% of the work force is going to be remote. >> Simon: Yeah. >> And I think they were saying this morning that in the next few years there's going to be 65 billion connected devices. With each person having about eight different connected devices. Keith and I are here with out different devices. Where do you see, the necessity of delivering mobile experiences. But also, for cultural impact for businesses, small or large to enable workers to be remote and give them access? Rather than forcing that they sit on a train for an hour, or in the car, and be in the office. Where is that conversation in the Vega platform? >> Yeah, it's an interesting one. So, one of the things that we spend quite a lot of time doing, is working with individual teams to help them operate more as a team. One of the things I found quite surprising in my work with different types of organizations is that often teams are connected by a common manager, but essentially are a collection of individual contributors who aren't actually working on shared issues. So, one of the first things that we like to do is to help teams re-orient themselves around the shared purpose. And, set themselves challenges for things that they want to solve together to improve their collective performance. So that's a foundational piece. Once we've done that, then the next question becomes, to answer your question, how do you get teams to problem solve together effectively. And there's two different times when teams problem solve. One is what we would call synchronously. Synchronicity is where teams need to get together physically, and actually brain storm and kick around a problem. And there is a time and a place to do that. That's why its still important to have get-togethers and to create that human connection. But actually more and more we find that teams need to also be able to solve problems in parallel asynchronously. And I think that's where technology comes in. Technology allows teams to work together on problems but not all be in the same place at the same time. To be able to do that in parallel and whenever they want to. It's when you get that asynchronous problem solving and synchronous problem solving that you can get teams to generally work together and that way we find people perform at a much higher level than if they're essentially just focusing on the job that they have. >> So obviously, you work across industries, groups and type of functions. Can you share with us some correlation between TOMO, the rise in kind of this-- employee experience measure and performance? Like, what are some of the key indicators that culture is improving performance? >> That's a great question as well. So, one of the things that we spend a lot of time doing in our early research is trying to quantify culture. Because you know, most of us would agree that culture is important but it becomes something that can easily get shunted down the list. Or seen as a nice to have (mumbles) especially if times are tough. So we spend a lot of time trying to measure culture and then to be able to to show a correlation between that measure and the performance of a business. So, the first thing that we did is say well how do you measure culture? And our way of measuring culture is the degree to which people are motivated. So this comes back to TOMO. The way that we calculate TOMO is by adding up the play, purpose and potential that somebody feels. And subtracting the emotional pressure, economic pressure and inertia they feel. And these are weighted according to their proximity to the work. And they end up giving us a nice neat score between minus 100 and positive 100. Like a net promoters score. We get that number by asking them six multiple choice questions. So it's two or three minutes. That gives us an individual score but also of course, we can measure that organizationally. We then looked at the correlation between that score and the performances of business across a range of different industries. And we show a straight line correlation between TOMO and business performance. So as an example, we looked at the airline industry. And we looked at the TOMO of most of the U.S airlines. And we found that the highest TOMO airline -- Can you guess what the highest TOMO airline is? >> Lisa: JetBlue? Southwest? >> Southwest. >> Keith: I was going to say SouthWest. >> JetBlue is second. So we found that when you walk on a Southwest or JetBlue airplane you feel great. It feels different. Because the employees, the flight crew, turn up in a different way. That's because their TOMO is higher. And as a result the performance of Southwest particularly around elements like Customer Experience, Customer Satisfaction is significantly higher than the rest. The lowest TOMO airline in our data set is United. Now-- >> Lisa: I was going to guess that. >> Keith: (laughter) >> Now, if you think of TOMO low TOMO tends to be when people either have low play, purpose and potential. They're not enjoying their job they don't feel like their makin' a difference or they're not learning. Or the system they're in is very high pressured. High emotional pressure, economic pressure. That creates a lower business performance. It can also have a negative effects from a behavioral point of view. As an example, if you saw the story a couple of years ago where United had a big scandal where someone was pulled, man-handled off one of their planes. That's a predictable affect of low TOMO. Our data, our research was done two years before that happened. And we would've been able to predict that United would have issues based upon their low TOMO score. To try to explain, and I wasn't there of course. But to try to explain what happened through the lens of TOMO. If you create a very high pressure system where the ground staff, are being essentially measured on their ability to get the plane to take off on time. When a passenger sits, and refuses to move, because of the pressure the ground crew are under they forget what the right thing to do is. Because of their low TOMO and pressure they ended up man-handling the passenger off. United lost a billion dollars in their share price. And that's a predictable, what we call a cobra affects. Which, is where people kind of feel like they have to cheat or short cut the system, that we are predicting is a result of low TOMO. >> So, we're almost out of time here but I'm so curious, how do you -- what the incentives are, for United airlines to really look at that kind of experience that goes viral on social media and these things happen, I don't want to say all the time. But that was not an isolated incident. >> Simon: Absolutely not. >> So for a company like that that's making money hand over fist flights are always sold out. They're not hurting for business. What incentivizes a business like that to flip that TOMO scale? >> Yeah, it's a great question. I think it's really difficult to make any kind of change happen when you're doing okay. First of all. And that's difficult. But the reality is is that, if you had measured the TOMO of United, and there are many other examples I am not just trying to pick on them. You would've been able to guess that this would happen. And so, our advise to organizations is regardless of how successful you are regardless of how well your business results are in the short term. You need to be thinking long term about culture. You need to be thinking about what is the operating system that you're putting your employees into. And getting ahead of what could be consequences that happen down the stream as a result of well intended moves that you make now to improve your tactical performance. >> Awesome, Simon. This has been so interesting. I learned a new acronym >> Together: TOMO. >> It's some great stuff. >> Lisa: I want to have TOMO everyday, and I'm going to really work on that. Being on theCUBE it's not hard to achieve that. >> Simon: This is great. >> Well Simon, we, Keith and I so appreciate you comin' by and sharing what you guys are doin' at Vega. And really, really interesting. TOMO. >> Thank you very much. Thanks guys. >> Lisa: Our pleasure. For Keith Townsend, I am Lisa Martin. You're watching theCUBE Live on the show floor of Citrix Synergy 2019, from Atlanta Georgia. Thanks for watching.
SUMMARY :
Brought to you by Citrix. and we're comin' to you Live from Atlanta, Georgia. Great to be here. So, I was doing some stalkin' of you online And I read you're a culture Agent Then you come on set and and you hail from Brooklyn. because you live in Brooklyn. I moved to New York in early 2006. I would say so. I try to keep the accent. Oh there you go. Well, regardless of that and Corporate Cultures and how of that approach to become more adaptive. So I've heard of FOMO. Fear of missing out. Well, of course. the question how do you get people to turn up What are some of the largest factors So, everything from the way that you So, where do you start and that eats their ability to I can see how that approach is first of all, not to try to change you're going to get resistance there. that 50% of the work force is going to be remote. Where is that conversation in the Vega platform? and that way we find people between TOMO, the rise in is the degree to which So we found that when you walk on and refuses to move, to really look at that kind of experience So for a company like that consequences that happen down the stream I learned a new acronym and I'm going to really work on that. and sharing what you guys are doin' at Vega. Thank you very much. of Citrix Synergy 2019, from Atlanta Georgia.
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Ian McClarty, PhoenixNAP | VeeamON 2019
>> Live from Miami Beach, Florida, it's theCUBE covering VeeamON 2019. Brought to you by Veeam. >> Welcome back to Miami, everybody. I think I just saw Don Johnson running by. This is Dave Vellante with Peter Burris. You're watching theCUBE, the leader in live tech coverage. We're here at VeeamON 2019. This is day one of our wall-to-wall coverage. Ian McClarty is here. He's the president of PhoenixNAP, Ian thanks for coming on theCUBE. >> Thank you. >> So PhoenixNAP, service provider based in the southwest. Tell us more about the company. >> Yeah so we started on the Southwest, hence the name Phoenix, and NAP stands for network access point. So we focus on the connectivity side, on the telecom. But we really have moved more to infrastructure services, and that's been more of a world wide deployment. Last year we did about six global locations that were new to us, so today we're at about on 15 locations. >> So I always ask guys like you, you know, the Cloud was suppose to put you out of business, and then the Cloud has been this huge tail wind. >> Yeah. >> Why, what was it that everybody missed about the cloud and how have you able to exploit it? >> Yeah, so we come from a hosting background. So the Cloud has been around for us forever, right? Before it was termed Cloud, we believed in OpEx model for infrastructure services. That's what the Cloud is. Scalable, easy to absorb. So for us, what the Cloud did was make us mainstream. Because hosting was very boutique back in the day, back in the 90's. Now today we're a very mainstream brand, very mainstream products. So Cloud has really made our lives easier, actually. >> So it opened up everybody's eyes. >> Yeah. >> Sort of ... The guys like Amazon and Azure did a lot of market development for you. >> They did, a lot. And a lot of market development that we ourselves cannot do because we are smaller companies. >> Right. So talk a little bit about what your unique value proposition is, how you guys, you know, compete in the market place. Why PhoenixNAP? >> Why PhoenixNAP? So its really about the suite of infrastructure products. So our spectrum really starts with co-location on one end and it ends to bare metal dedicated Cloud systems. And then in between we have all the virtual station cloud platforms, more standard BMR deployments. So really its about our spectrum of services that we cover and we really are really good at that spectrum of services. So we have developed a lot of depth also around these different offerings. >> And your facilities, as you say you started in the Southwest, but where are you guys located? Are you? ... >> Yeah, so we're, So we own and operate out of Phoenix, Arizona, 120,000 square foot of facility. With the I-T usable space, um, and we have expanded now to other, with other partnerships with taking on large location spaces to basically seed our different locations and put us in point we are building those locations. Ashburn is one we are getting very close with actually. >> Uh-huh. So you're data centered guys right? I mean, you know - >> We're data, We're hosting guys that went into the data center business, and became infrastructure people. >> Okay, so it sort of evolved, this is act 3 for you >> Yes, this is act 3. >> We've been talking about act 2 all day. So how have you evolved your, you skillset, your customer base, talk about the evolution of the, of the company and where you see it going. >> Yeah so I mean, today we're focusing very much on mid-market enterprise, that's where our, and again, how do you define that? We define that by $50 to $500 million in revenue that's out definition of mid-market enterprise. So we're not going after the Fortune 500, and we're not going after S&B. And we have really tapped into the space. It's a very hard space for, for the, for the public clouds to, um, to act in today. >> So what's different? So obviously, the difference between mid and large enterprises is the mid-size guys, they're more generalists, they don't have, you know, all kinds of specialists, they don't have the resources, >> They do not. >> That the large guys do. But they're more advanced than the S. >> Yes. >> S and M are different, >> Yes, they are. >> Than the large. So what are the unique attributes of M that really uh, you try to focus on delivering? >> So M has budget, but M doesn't want to outsource. That's key. They know enough, but they don't have expertise. So what they're looking at, they're looking for supplemental I-T, and really what we focus on. >> So they don't want to outsource their strategic jewel, the family jewels, but they need help. >> They need supplemental help. And they don't want to go to consultants either. >> But M also wants to be L and I think that's the big issue, M wants to be L, typically M wants to be L, So they're looking for, they have budget, they have plans, >> Yeah. >> They want to scale, but they have to be very careful about how they invest to get there. >> And then like to (mumbles) still, they like (mumbles), infrastructure, they want to know you, they want to build a relationship. That's what I'm saying, it's very hard for the public clouds to tap into that space because of that. It had a lot of nuances. >> M wants to scale they want to act like a real business, >> Yes. >> They want, they want to know their suppliers, because they want to know if they're going to be able to go with them. >> (Ian) They want to have control over their suppliers as well. >> Exactly. But come back to that, because that becomes, that becomes more increasingly a services play. >> Yes. >> As M gets more experiences, these medium-size companies get more experience, they are starting to acknowledge and recognize the new classes of services that they need because they have that sophistication. So how is your business changing? And specifically thinking about what Veeam's doing here, to become more of a service-provider, of, at a higher level than just the underlying infrastructure. >> So I'll tell you what we're doing right now. On the surface-side, we're really focusing more on manage-infrastructure, right? That's the moniker we use. But what infrastructure means is really changing. So today we're (mumbles), right? What are we going to do have a managed (mumbles) stack, that is deliverable in an A-P-I model? That's our vision for the company. >> So, um, you're a platinum partner of Veeam, uh, can you talk a little bit about where they fit in your stack? I mean, you've got a whole security layer. >> (IAN) Yep. >> I think you were saying to us earlier that, you know, the data protection piece, the backup is sort of the last-- >> It's a lifeline. >> Resort, yeah. So describe that infrastructure and what you guys have built up. >> Yeah so when we started the company, we started at the edge, right? Plus folks on the (mumbles), those folks on network protection, let's start there, and let's work our way down. And so now then we've built a V-M-R stack that basically is, um, it's third-party audited, it follows compliance rules. When you go to the, um, (mumbles) it works on PCI, when you go to the PCI website you can see PheonixNAP listed as E-S-S provider there, and it abstractly outlines what we protect on the cloud side. So very clear in where we transferred on that side, so it's been layered for us, a layered approach of protecting services. But there will always be a breach, and you have to count on that. It's unfortunate, but it's a reality, right? And once you embrace that, you can build products around that, and so really V-M-R has become a very key part of that equation with both backup and recovery services, and then if there is a breach, then you need to be able to recover those services somewhere, so the (mumbles) recovery services for us is big. So it really fills that missing piece that we had in the equation. >> Yeah I mean you've made that point Peter, many times, is that the breach is inevitable, it's how you repsond to that breach that's really critical. >> Yes. >> And that's, I mean not brand-new thinking, but it's certainly over the last ten years has evolved, you know Peter-- >> (IAN) You've got to embrace it. >> People used to not talk about breaches, oh no, don't talk about it, now it's like at the board level, yeah we acknowledge that it's going to happen, and we're putting more and more resources into our response, is that sort of what you're seeing? >> Yes, that is exactly what I'm seeing. And this year alone fifteen-thousand breaches that were reported right? And again, who reports those breaches? It's not the S, not the M, it's the large enterprise that reports those breaches. So those numbers are even worse in the S and M market right? >> (DAVE) Right, right. >> Although the M guys have, are now getting large enough When-- >> They have to report. >> They have to start reporting. You're coming back to this notion, that, and it used to be that when there was a breach, it was always discussed in terms of hardware, it was discussed in terms of network. >> Yeah. >> But now it's data! >> It is. >> Because that's where the asset is, and that's where people after, >> Exactly. >> So again, coming back to that notion of higher-level services, backup used to be something that you kind of, checked off as you were leaving the customer's location, taken the order, has it become something that's increasingly one of the reasons why customers are bringing you in? >> I will tell you, the easiest way for us to (mumbles) another part where Veeam falls into our equation, is customer acquisition. Like Veeam to me is not the highest revenue, product, period, right? But from a customer acquisition perspective, it's the best product that we have. It's an easy conversation, because it is. Historically it's been a checkbox, but once the customer figures out, "hey, okay so I've got backups, now how do I recover these backups? How do I restore them? Where do I go?" that's where we can have a much more complex conversation with them. >> A lot of these M customers, to become L, are now realizing "I'm not going to get there, if I don't use data in ways that the L guys have hard time using it. So I need to focus on data assets, I need to focus on my digital transformation", which means it's essential that they start thinking about how data protection is going to operate within their business, because increasingly, they're becoming digital businesses. And data protection becomes digital business protection. Are you having those conversations? >> All the time. On day-to-day basis. That's the bulk of our conversations now, for new customer acquisition. >> (DAVE) Why Veeam? >> Yeah. >> You know a lot of companies out there, a lot of new startups entering the marketplace, you've got big wheels like, you know, Dell EMC, and some established companies like Veritas, IBM, you got the big blue blanket, why Veeam? >> Why Veeam for us? Well for us, part of it is culture, right? That was very critical for us. First, the technology piece, obviously solid, works right? The "it does work" moniker that was used, it's true right? And the simplicity of it, too. As a service provider, we know what to expect with Veeam, so we built a lot of competency around Veeam as a product line. Obviously we've played, we've used other products, but we always go back to Veeam. Because, again, it's evolving in a place that we like. We see where they're going for the recovery piece, right? The restoration piece. We like that as a vision piece also, that it's not talked about a lot. It's coming right? It's always the upcoming. But for us it's good to (mumbles) another vendor. The second that comes out, it's a (mumbles) vendor for us. So we like the vision of the company, we like where they're heading, we also like from a corporate culture perspective, what they're doing for channel-centric. For us it helps us mature as an organization tremendously. You know Ratmir hit the nail on the head when he said, "Not the best product wins in the market", right? You have to have, the company that has the best sales and marketing along with that as well. So for us you know, we have pretty decent sales. Marketing we're weaker on, and Veeam has really coached us along the way to make our marketing efforts even stronger. >> Yeah Veeam knows how to market! >> Yeah they do, they are marketing geniuses. And I love them for that, right? And I have a lot of respect towards them for that, so. >> Ian, thanks so much for coming on theCUBE, it was great to have you. >> You as well. >> All right keep it right there everybody, this is Peter Burris and Dave Vellante, we're live at Veeamon 2019 from Miami. You're watching theCUBE, we'll be right back. (poppy electro music)
SUMMARY :
Brought to you by Veeam. He's the president of PhoenixNAP, So PhoenixNAP, service provider based in the southwest. So we focus on the connectivity side, the Cloud was suppose to put you out of business, So the Cloud has been around for us forever, right? The guys like Amazon and Azure did a lot of market And a lot of market development that we ourselves cannot do how you guys, you know, compete in the market place. So really its about our spectrum of services that we cover Southwest, but where are you guys located? With the I-T usable space, um, and we have expanded I mean, you know - We're hosting guys that went into the data center business, So how have you evolved your, And we have really tapped into the space. That the large guys do. So what are the unique attributes of M that really So M has budget, but M doesn't want to outsource. So they don't want to outsource their And they don't want to go to consultants either. about how they invest to get there. And then like to (mumbles) still, they like (mumbles), they want to know their suppliers, because they (Ian) They want to have control over their But come back to that, because that becomes, the new classes of services that they need That's the moniker we use. can you talk a little bit about and what you guys have built up. So it really fills that missing piece is that the breach is inevitable, it's how you repsond It's not the S, not the M, it's the large enterprise They have to start reporting. it's the best product that we have. So I need to focus on That's the So for us you know, we have pretty decent sales. And I have a lot of respect towards them for that, so. it was great to have you. this is Peter Burris and Dave Vellante, we're
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Jyothi Swaroop, Veritas & Rick Clark, Aptare | CUBEConversation, April 2019
>> from our studios in the heart of Silicon Valley, Palo Alto, California It is a cute conversation. >> Hi, I'm Peter. Boris, And welcome to another cube conversation from our wonderful studios and beautiful Paolo Alto, California. One of the biggest challenge that every enterprises faces how to attend to the volumes of data that are being generated by applications. But more importantly, that the business is now requiring because they want to find new derivative sources of value in their digital business. Transformations is gonna require a significant retooling and rethinking of how we used eight is an asset. And the directions that infrastructure, data management and business are gonna move together over the course of next few years. Now, have that conversation. Got a couple of great guests here. Josie Swoop is a VP of marketing veritas. Welcome to Cuba or back to the Cube. Yeah, thanks. Peter and Rick Clark is a CEO of opt are welcome. Thank you for the first time. >> Great to be here, >> So let me start here. Joey, why don't we start with you? Give us a quick update on Veritas and where your customers are indicating the direction needs to go. >> We've just had, ah, record breaking financial year for us, which ended in end of March. So since divestiture from semantic, as you know better, Toss has been through a transformation and then on a path to growth. So our core businesses are humming with just like I said, the second half of the year specifically was great for us. What we're hearing from customers, Peter, is that they want to elevate their their business problems away from infrastructure to business outcomes. That what they ask veritas to do is, can you abstract away some of those infrastructure plumbing problems, storage, security, data protection and focus on what the applications can give us. That's number one. Number two is Can we standardize? I mean, the example of Southwest comes to mind, right? They have the same plane so they can reroute those planes anytime they have the same pilots flying those planes so they can to standardize. So they collapsed better. And then, lastly, to your point value of data over volume. Everybody talks about the volume. What about the value of data? What is veritas do for for me? Mr. You know God's a customer in our tax extract value of that data, which is growing day by day. >> Well, one of the most interesting things about this challenge of businesses faces they try to attend to these things is that data is often characterizes the new oil. And we we push back against that Because >> data is a new kind of asset, it's an asset that's easily copied. It's an asset that's easily shared. You can easily integrate it. You can apply it to multiple uses with zero loss of fidelity and what it does currently. And so the whole notion of creating new options in the value of data's intrinsic to the questions of digital business. So that suggests that we need to start thinking Maur about data protection, not just from the standpoint of protecting data once it's been created and is sitting there so we can recover it. But new types of utilization, new ways of thinking about data data as it's going to be used, understanding more about dating, protecting that Rick, would you kind of Does that resonate? >> Yeah, absolutely. You know, one of the things that we've sort of seed in the marketplace is certainly over the last 10 years, the Data Sena has become so complex. This is massive fragmentation of data across highly virtualized infrastructures. And then, when public clouds came along, customers didn't really know what workloads they should move up into those clouds. And so what we saw is a huge problem. Is areas of cost and efficiencies, massive problems of risk and then obviously the amount of money that cos of spending on compliance. And so what we were really focusing on is the gaps. What do you not know about? And so we would really >> about your data >> about your data. Exactly. So we really measure the hot beat off the data protection environment, and from that we could actually see where are you? Risk where your exposure, where you're spending too much money, >> Where's your opportunities? Seize your opportunities. So we've got a notion of the the solution that folks are looking for, something that provides greater visibility into their end and data from a risk exposure opportunity. New sources of utilization standpoint talk a bit about how >> at four >> rounds out the veritas portfolio as it pertains of these things that you're seeing customers asked for taking data closer to outcomes and away from the device orientation? >> Absolutely. So Vatos has always been known to be a leader and data protection. We've done that for over 20 years. We also were the first pioneers in software defined storage. And we're number one in market share, according to I. D. C and Gardner as well. Ah, but again to my earlier point, customers have been asking. So what? We've done the plumbing really well and you've scaled. How do you take this to the next level? Extract value from all that data you're sitting on top of that you're protecting. And that's where apt are comes into the picture. We've built some tools natively within veritas of the last three or four years where we try to go and classify the data on in jest, identify things like P I information sensitive data, rock data, redundant, obsolete, trivial data that we can delete. There was a customer who recently deleted 30,000,000 files, just press the delete button and this isn't a highly regulated environment, >> but they were still pretty darn eggs. >> They definitely where but we were able to give them that visualization and information that they required. Now the question those customers are asking us or we're asking us. Before avatar came into the picture was at the infrastructure level. How do I know how much I'm spending on my data protection environments? Do I know where the growth ISS is it all in the traditional workloads of oracle ASAP, Or is it in virtual or is it in the cloud? Right. Am I putting too much data on tape? Is it costing me enough? Can extract the value from that data. So they were asking us infrastructure visualization and i D analytics. Questions which only apt are could answer. And we have some joint customers they were actually using. Apt are already not just with to monitor the vatos ecosystem, but even some of our competitors and the broader i t ecosystem on a single planet class. And that's where I think after really shines is is the agnostic approach they take beyond just veritas are beyond just another storage vendor. >> Well, so way certainly subscribed to this notion that data protection is going to It's gonna be extended, but it's gonna become a strategic digital business capability that does have to be re funk around the concept of data value and sounds like that's the direction you're taking, and you guys have clearly seen that as well. But obviously some of your customers have seen it. So talk to us a little bit about how customers helped you two guys together. >> Yeah, that's a great question. Was interesting. Actually. We had some of the largest companies in the globe actually using ourself with many of the fortune Tien using up self with J. P. Morgan Chase quote calm Western digital. And they came to us with these very precise problems around, you know, howto optimize my risk within the environment, had a streamline, obviously the costs and compliance. And we found that they were very common questions. And so we actually created this agnostic intelligence built into the software a rules engine that would have to correlate data from all of these disparate data sources. Whether Tom primer on the cloud tying that together would provide impactful insights to our customers that could sold real world problems. And we'll do it with kind of what we call the easy button. One of the big problems with a lot of software products out there today. Is there a point solutions to manage pots of the infrastructure companies wanted a single pane of glass where I could see everything across all of my storage. All of my data protection on prim and cloud. And that's really what we bring to the table, that single paying the class. And we do it very simply at scale for the largest customers. And that's in many ways was the synergy, obviously, with a partnership with Veritas. >> So give us some sense of how how customers will see the benefits of this from a rollout standpoint over the next 6 to 18. >> Right? So Step One in this journey for us is to ensure there are customers. Understand that we're going to continue to have that open an agnostic approach Apt are suddenly is not gonna become proprietary batter toss product. It's going to continue on its on its mission to be agnostic across various storage data protection and cloud environments. That's number one. Number two is we're gonna bring the the artificial intelligence and machine learning capabilities that we have in house with Veritas combined that with some of the things that Rick just docked, abide with the capabilities adapt our has combine, it's our customers can gain. I know add value. The one plus one equals three approach there as well. So those air, like the two key pillars for us going forward and eventually will extend apt are to an end to in Data Analytics platform not just I d analytics, where we're looking at infrastructure, but an end to end data. Plus I t analytics platform that spans Veritas is will Is the broader a IittIe ecosystem? >> Well, so it's good to hear that you're gonna let apt are continue to focus on data value as opposed to veritas value. Right talk. Talk to me a little bit. About what Does that analytics piece really mean? Howard Customers going to use it? How are they using it today? How are they gonna >> let me carry that? Said is roughly 30,000 unique metrics that we actually gather across the whole I t infrastructure and we'll look at a classic use cases. One of exposure. What? A lot of companies been enormous amount of money on the data protection infrastructure. The using disparity, tools and technologies they don't always go with. One platform like net backup is an example, right? And so with that, come challenges because there's gonna be gaps they might be backing up a Windows server where they're the backup policy says they're just backing up. The C drive will interrogate VM, where all the hyper visor will look at the network and see that there's a D Dr attached to that volume as well. And there's no backup data protection policy. So enormous amount of exposure if they tried to do a restore, obviously, from the d Dr where there's no protection, right from a cost perspective, there's an enormous amount of white space problem in the storage industry. More and more companies are moving from spinning distal flash arrays. A lot of companies is struggling with How do I protect those old flash A raise the using snapshots that using cloud they're tearing to the cloud the using different backup products. Obviously, we'd prefer that they used their backup, but with our software, we can provide that that inside across the entire data protection framework and storage and show you where is your risk? Where is your inefficiency, where you double protecting things into spending too much, much money? This whole notion of data protection is transaction. A lot of people do what's called distant, distant eight still being voted off site. How do you know that all those transactions are successful? How do you know you can restore based on those s L A's and tying that into you? See, M d B. That's what appetite does. >> So I'ma throw a little bit of a curveball here. So having worked within 90 worked with N i t organizations, it can be I ke historically can has been rolled to the compartmentalizing segment you administrated for servers in Australia for storage of people who are administrating applications and and subsystems. And the cloud is munge ing a fair amount of that together. But one of the places that has always required coordination, collaboration and even more important practice has been in the area of restore firms were shops that did not practice how they would restore, you know, hopefully they never had a problem. But if they did have a problem, if they hadn't practiced that process, they would likely we're not gonna be successful in bringing the business up. Gets even more important digital business. Can you give us a little bit of visibility into how this combination taking the metadata, the metrics of visibility. Taking the high quality service is bringing them together is going to streamline, restore within their prices. >> So first, let me address the first point you made, which is what I call the rise of the versatile is too right. So there are no more specialists in certain jobs. The versatile listen, the cloud or in virtual tend to do three or four jobs when there's back up our story virtualization itself on DDE. What the's Verceles want is to explain an easy barton to restore their VM environment or their big data. And my mother there Hadoop environment. They're not really worried. As a central I t. Team that Hey, what am I going to do with the entire data estate? How did I restore that? So that's the first step. Second step, as the world of I t gets more more complicated on the rise of the worst list continues to happen. Thes folks want to be able to have a resiliency plan. They want to be able to rehearse these restores right, and if they don't have a resiliency plan built in if the data protection is so siloed and does not help them build a resiliency plan. And to end that restore is not gonna be successful. Likely? Right. And that's where Veritas and companies like Veritas come in to help them build those resiliency plans and to end. >> But let me take you back to so the financial industry, for example, there are rules about how fast you you have to be able to restore. I gotta believe that visibility into data that is a value level can help set priorities. Because sometimes you want to bring up this application of this class of applications of this class of users of functions before you bring up those so does does apt are apt are going to provide even greater clarity in the crucial restore >> at 70. One of the biggest challenges for >> a lot of companies with restores is actually finding the data. We had a classic use case with a large Fortune 10 company where they had a bunch of service that were being backed up. There were bolted off the tape, and then it was obviously a different backup product they were using. The actually lost the catalog. The data was still there on tape. They had millions of tapes in the vaults, and they used apt title, identify the barcodes and recover that data literally within a matter of hours. And so not only can we find you your freshest copy the most recent copy, if that's what you want, but we can find where is your data? Because in a lot of cases there's multiple replications, multiple copies of the data across all sorts of assets within your >> infrastructure. Interesting. So last thoughts. When we have you back in the Cube in a year, Where you guys going? Big? >> Hey, listen, the two things that I talked about we're going to continue to expand the support of the ecosystem. The world of I t. Whether it's on Prem virtual or in the cloud with Apt are we? We're going to continue to invest in the artificial Intelligence and ML capabilities are not just apt are but all of that tosses ecosystem and you'll see amore integrated approach on the platform based approach on standardization When we come here >> next, guys, thank you so much. Great conversation. Thanks for being here in the Cube to talk about this important relation between data tooling and sources of business value. Rick Clark is the vice president of the outdoor business unit. Used to be the CEO of actor, but now the vice president. The outdoor business unit Veritas. Josie Stroop is vice president of marketing of Veritas. Once again, guys, thanks very much for being here. Thank you so much for having us. And once again, I'm Peter Burgers. You've been listening to another cube conversation until next time.
SUMMARY :
from our studios in the heart of Silicon Valley, Palo Alto, One of the biggest challenge that every enterprises faces how to attend So let me start here. I mean, the example of Southwest comes to mind, Well, one of the most interesting things about this challenge of businesses faces they try to attend to these And so the whole notion of creating new options in the value of data's You know, one of the things that we've sort of seed in the marketplace is certainly over the and from that we could actually see where are you? So we've got a notion of the the solution that folks are looking deleted 30,000,000 files, just press the delete button and this isn't a highly regulated environment, is it all in the traditional workloads of oracle ASAP, Or is it in virtual or is it in the cloud? So talk to us a little bit about how customers helped you two guys And they came to us with these very precise standpoint over the next 6 to 18. like the two key pillars for us going forward and eventually will extend Well, so it's good to hear that you're gonna let apt are continue to focus on data value as opposed to veritas A lot of companies been enormous amount of money on the data protection infrastructure. And the cloud is munge ing a fair amount of that together. So first, let me address the first point you made, which is what I call the rise of the versatile is have to be able to restore. They had millions of tapes in the vaults, and they used apt title, identify the barcodes and recover When we have you back in the Hey, listen, the two things that I talked about we're going to continue to expand the support of the ecosystem. Thanks for being here in the Cube to talk about
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StrongyByScience Podcast | Bill Schmarzo Part One
produced from the cube studios this is strong by science in-depth conversations about science based training sports performance and all things health and wellness here's your host max smart [Music] [Applause] [Music] all right thank you guys tune in today I have the one and only Dean of big data the man the myth the legend bill Schwarz oh also my dad is the CTO of Hitachi van Tara and IOC in analytics he has a very interesting background because he is the well he's known as the Dean of big data but also the king of the court and all things basketball related when it comes to our household and unlike most people in the data world and I want to say most as an umbrella term but a some big bill has an illustrious sports career playing at Coe College the Harvard of the Midwest my alma mater as well but I think having that background of not just being computer science but where you have multiple disciplines involved when it comes to your jazz career you had basketball career you have obviously the career Iran now all that plays a huge role in being able to interpret and take multiple domains and put it into one so thank you for being here dad yeah thanks max that's a great introduction I rep reciate that no it's it's wonderful to have you and for our listeners who are not aware bill is referring him is Bill like my dad but I call my dad the whole time is gonna drive me crazy bill has a mind that thinks not like most so he he sees things he thinks about it not just in terms of the single I guess trajectory that could be taken but the multiple domains that can go so both vertically and horizontally and when we talk about data data is something so commonly brought up in sports so commonly drop in performance and athletic development big data is probably one of the biggest guess catchphrases or hot words or sayings that people have nowadays but doesn't always have a lot of meaning to it because a lot of times we get the word big data and then we don't have action out of big data and bill specialty is not just big data but it's giving action out of big data with that going forward I think a lot of this talk to be talking about how to utilize Big Data how do you guys data in general how to organize it how to put yourself in a situation to get actionable insights and so just to start it off Becky talked a little bit on your background some of the things you've done and how you develop the insights that you have thanks max I have kind of a very nos a deep background but I've been doing data analytics a long time and I was very fortunate one of those you know Forrest Gump moments in life where in the late 1980s I was involved in a project at Procter & Gamble I ran the project where we brought in Walmart's point of sales data for the first time into a what we would now call a data warehouse and for many of this became the launching point of the data warehouse bi marketplace and we can trace the effect the origins of many of the BI players to that project at Procter & Gamble in 87 and 88 and I spent a big chunk of my life just a big believer in business intelligence and data warehousing and trying to amass data together and trying to use that data to report on what's going on and writing insights and I did that for 20 25 years of my life until as you probably remember max I was recruited out Business Objects where I was the vice president of analytic applications I was recruited out of there by Yahoo and Yahoo had a very interesting problem which is they needed to build analytics for their advertisers to help those advertisers to optimize or spend across the Yahoo ad network and what I learned there in fact what I unlearned there was that everything that I had learned about bi and data warehouse and how you constructed data warehouses how you were so schema centric how everything was evolved around tabular data at Yahoo there was an entirely different approach the of my first introduction to Hadoop and the concept of a data Lake that was my first real introduction into data science and how to do predictive analytics and prescriptive analytics and in fact it was it was such a huge change for me that I was I was asked to come back to the TD WI data world Institute right was teaching for many years and I was asked to do a keynote after being at Yahoo for a year or so to share sort of what were the observations what did I learn and I remember I stood up there in front of about 600 people and I started my presentation by saying everything I've taught you the past 20 years is wrong and it was well I didn't get invited back for 10 years so that probably tells you something but it was really about unlearning a lot about what I had learned before and probably max one of the things that was most one of the aha moments for me was bi was very focused on understanding the questions that people were trying to ask an answer davus science is about us to understand the decisions they're trying to take action on questions by their very nature our informative but decisions are actionable and so what we did at Yahoo in order to really drive the help our advertisers optimize your spend across the Yahoo ad network is we focus on identifying the decisions the media planners and buyers and the campaign managers had to make around running a campaign know what what how much money to allocate to what sides how much how many conversions do I want how many impressions do I want so all the decisions we built predictive analytics around so that we can deliver prescriptive actions to these two classes of stakeholders the media planners and buyers and the campaign managers who had no aspirations about being analysts they're trying to be the best digital marketing executives or you know or people they could possibly be they didn't want to be analysts so and that sort of leads me to where I am today and my my teaching my books my blogs everything I do is very much around how do we take data and analytics and help organizations become more effective so everything I've done since then the books I've written the teaching I do with University of San Francisco and next week at the National University of Ireland and Galway and all the clients I work with is really how do we take data and analytics and help organizations become more effective at driving the decisions that optimize their business and their operational models it's really about decisions and how do we leverage data and analytics to drive those decisions so what would how would you define the difference between a question that someone's trying to answer versus a decision but they're trying to be better informed on so here's what I'd put it I call it the Sam test I am and that is it strategic is it actionable is it material and so you can ask questions that are provocative but you might not fast questions that are strategic to the problems you're trying to solve you may not be able to ask questions that are actionable in a sense you know what to do and you don't necessarily ask questions that are material in the sense that the value of that question is greater than the cost of answering that question right and so if I think about the Sam test when I apply it to data science and decisions when I start mining the data so I know what decisions are most important I'm going through a process to identify to validate the value and prioritize those decisions right I understand what decisions are most important now when I start to dig through the data all this structured unstructured data across a number different data sources I'm looking for I'm trying to codify patterns and relationships buried in that data and I'm applying the Sam test is that against those insights is it strategic to the problem I'm trying to solve can I actually act on it and is it material in the sense that it's it's it's more valuable to act than it is to create the action around it so that's the to me that big difference is by their very nature decisions are actually trying to make a decision I'm going to take an action questions by their nature are informative interesting they could be very provocative you know questions have an important role but ultimately questions do not necessarily lead to actions so if I'm a a sport coach I'm writing a professional basketball team some of the decisions I'm trying to make are I'm deciding on what program best develops my players what metrics will help me decide who the best prospect is is that the right way of looking at it yeah so we did an exercise at at USF too to have the students go through an exercise - what question what decisions does Steve Kerr need to make over the next two games he's playing right and we go through an exercise of the identifying especially in game decisions exercise routes oh no how often are you gonna play somebody no how long are they gonna play what are the right combinations what are the kind of offensive plays that you're gonna try to run so there's a know a bunch of decisions that Steve Kerr is coach of the Warriors for example needs to make in the game to not only try to win the game but to also minimize wear and tear on his players and by the way that's a really good point to think about the decisions good decisions are always a conflict of other ideas right win the game while minimizing wear and tear on my players right there's there are there are all the important decisions in life have two three or four different variables that may not be exactly the same which is by this is where data science comes in the data science is going to look across those three or four very other metrics against what you're going to measure success and try to figure out what's the right balance of those given the situation I'm in so if going back to the decision about about playing time well think about all the data you might want to look at in order to optimize that so when's the next game how far are they in this in this in the season where do they currently sit ranking wise how many minutes per game has player X been playing looking over the past few years what's there you know what's their maximum point so there's there's a there's not a lot of decisions that people are trying to make and by the way the beauty of the decisions is the decisions really haven't changed in years right what's changed is not the decisions it's the answers and the answers have changed because we have this great bound of data available to us in game performance health data you know all DNA data all kinds of other data and then we have all these great advanced analytic techniques now neural networks and unstructured supervised machine learning on right all this great technology now that can help us to uncover those relationships and patterns that are buried in the data that we can use to help individualize those decisions one last point there the point there to me at the end when when people talk about Big Data they get fixated on the big part the volume part it's not the volume of big data that I'm going to monetize it's the granularity and what I mean by that is I now have the ability to build very detailed profiles going back to our basketball example I can build a very detailed performance profile on every one of my players so for every one of the players on the Warriors team I can build a very detailed profile it the details out you know what's their optimal playing time you know how much time should they spend before a break on the feet on the on the on the court right what are the right combinations of players in order to generate the most offense or the best defense I can build these very detailed individual profiles and then I can start mission together to find the right combination so when we talk about big it's not the volume it's interesting it's the granularity gotcha and what's interesting from my world is so when you're dealing with marketing and business a lot of that when you're developing whether it be a company that you're trying to find more out about your customers or your startup trying to learn about what product you should develop there's tons of unknowns and a lot of big data from my understanding it can help you better understand some patterns within customers how to market you know in your book you talk about oh we need to increase sales at Chipotle because we understand X Y & Z our current around us now in the sports science world we have our friend called science and science has helped us early identify certain metrics that are very important and correlated to different physiological outcomes so it almost gives us a shortcut because in the big data world especially when you're dealing with the data that you guys are dealing with and trying to understand customer decisions each customer is individual and you're trying to compile all together to find patterns no one's doing science on that right it's not like a lab work where someone is understanding muscle protein synthesis and the amount of nutrients you need to recover from it so in my position I have all these pillars that maybe exist already where I can begin my search there's still a bunch of unknowns with that kind of environment do you take a different approach or do you still go with the I guess large encompassing and collect everything you can and siphon after maybe I'm totally wrong I'll let you take it away no that's it's a it's a good question and what's interesting about that max is that the human body is governed by a series of laws we'll say in each me see ology and the things you've talked about physics they have laws humans as buyers you know shoppers travelers we have propensity x' we don't have laws right I have a propensity that I'm gonna try to fly United because I get easier upgrades but I might fly you know Southwest because of schedule or convenience right I have propensity x' I don't have laws so you have laws that work to your advantage what's interesting about laws that they start going into the world of IOT and this concept called digital twins they're governed by laws of physics I have a compressor or a chiller or an engine and it's got a bunch of components in it that have been engineered together and I can actually apply the laws I can actually run simulations against my digital twins to understand exactly when is something likely to break what's the remaining useful life in that product what's the severity of the the maintenance I need to do on that so the human body unlike the human psyche is governed by laws human behaviors are really hard right and we move the las vegas is built on the fact that human behaviors are so flawed but body mate but bat body physics like the physics that run these devices you can actually build models and one simulation to figure out exactly how you know what's the wear and tear and what's the extensibility of what you can operate in gotcha yeah so that's when from our world you start looking at subsystems and you say okay this is your muscular system this is your autonomic nervous system this is your central nervous system these are ways that we can begin to measure it and then we can wrote a blog on this that's a stress response model where you understand these systems and their inferences for the most part and then you apply a stress and you see how the body responds and even you determine okay well if I know the body I can only respond in a certain number of ways it's either compensatory it's gonna be you know returning to baseline and by the mal adaptation but there's only so many ways when you look at a cell at the individual level that that cell can actually respond and it's the aggregation of all these cellular responses that end up and manifest in a change in a subsystem and that subsystem can be measured inferential II through certain technology that we have but I also think at the same time we make a huge leap and that leap is the word inference right we're making an assumption and sometimes those assumptions are very dangerous and they lead to because that assumptions unknown and we're wrong on it then we kind of sway and missed a little bit on our whole projection so I like the idea of looking at patterns and look at the probabilistic nature of it and I'm actually kind of recently change my view a little bit from my room first I talked about this I was much more hardwired and laws but I think it's a law but maybe a law with some level of variation or standard deviation and it we have guardrails instead so that's kind of how I think about it personally is that something that you say that's on the right track for that or how would you approach it yeah actually there's a lot of similarities max so your description of the human body made up of subsystems when we talk to organizations about things like smart cities or smart malls or smart hospitals a smart city is comprised of a it's made up of a series of subsystems right I've got subsystems regarding water and wastewater traffic safety you know local development things like this look there's a bunch of subsystems that make a city work and each of those subsystems is comprised of a series of decisions or clusters of decisions with equal use cases around what you're trying to optimize so if I'm trying to improve traffic flow if one of my subsystems is practically flow there are a bunch of use cases there about where do I do maintenance where do I expand the roads you know where do I put HOV lanes right so and so you start taking apart the smart city into the subsystems and then know the subsystems are comprised of use cases that puts you into really good position now here's something we did recently with a client who is trying to think about building the theme park of the future and how do we make certain that we really have a holistic view of the use cases that I need to go after it's really easy to identify the use cases within your own four walls but digital transformation in particular happens outside the four walls of an organization and so what we what we're doing is a process where we're building journey maps for all their key stakeholders so you've got a journey map for a customer you have a journey map for operations you have a journey map for partners and such so you you build these journey maps and you start thinking about for example I'm a theme park and at some point in time my guest / customer is going to have a pity they want to go do something you want to go on vacation at that point in time that theme park is competing against not only all the other theme parks but it's competing against major league baseball who's got things it's competing against you know going to the beach in Sanibel Island just hanging around right there they're competing at that point and if they only start engaging the customer when the customers actually contacted them they must a huge part of the market they made you miss a huge chance to influence that person's agenda and so one of the things that think about I don't know how this applies to your space max but as we started thinking about smart entities we use design thinking and customer journey match there's a way to make certain that we're not fooling ourselves by only looking within the four walls of our organization that we're knocking those walls down making them very forest and we're looking at what happens before somebody engages it with us and even afterwards so again going back to the theme park example once they leave the theme park they're probably posting on social media what kind of fun they had or fun they didn't have they're probably making plans for next year they're talking to friends and other things so there's there's a bunch of stuff we're gonna call it afterglow that happens after event that you want to make certain that you're in part of influencing that so again I don't know how when you combined the data science of use cases and decisions with design thinking of journey Maps what that might mean to do that your business but for us in thinking about smart cities it's opened up all kinds of possibilities and most importantly for our customers it's opened up all kinds of new areas where they can create new sources of value so anyone listening to this need to understand that when the word client or customer is used it can be substituted for athlete and what I think is really important is that when we hear you talk about your the the amount of infrastructure you do for an idea when you approach a situation is something that sports science for in my opinion especially across multiple domains it's truly lacking what happens is we get a piece of technology and someone says go do science while you're taking the approach of let's actually think out what we're doing beforehand let's determine our key performance indicators let's understand maybe the journey that this piece of technology is going to take with the athlete or how the athletes going to interact with this piece of technology throughout their four years if you're in the private sector right that afterglow effect might be something that you refer to as a client retention and their ability to come back over and over and spread your own word for you if you're in the sector with student athletes maybe it's those athletes talking highly about your program to help with recruiting and understanding that developing athletes is going to help you know make that college more enticing to go to or that program or that organization but what really stood out was the fact that you have this infrastructure built beforehand and the example I give I spoke with a good number of organizations and teams about data utilization is that if if you're to all of a sudden be dropped in the middle of the woods and someone says go build a cabin now how was it a giant forest I could use as much wood as I want I could just keep chopping down trees until I had something that had with a shelter of some sort right even I could probably do that well if someone said you know what you have three trees to cut down to make a cabin you could become very efficient and you're going to think about each chop in each piece of wood and how it's going to be used and your interaction with that wood and conjunction with that woods interaction with yourself and so when we start looking at athlete development and we're looking at client retention or we're looking at general health and wellness it's not just oh this is a great idea right we want to make the world's greatest theme park and we want to make the world's greatest training facility but what infrastructure and steps you need to take and you said stakeholders so what individuals am i working with am I talking with the physical therapist am i talking with the athletic trainer am I talking with the skill coach how does the skill coach want the data presented to them maybe that's different than how the athletic trainer is going to have a day to present it to them maybe the sport coach doesn't want to see the data unless something a red flag comes up so now you have all these different entities just like how you're talking about developing this customer journey throughout the theme park and making sure that they have a you know an experience that's memorable and causes an afterglow and really gives that experience meaning how can we now take data and apply it in the same way so we get the most value like you said on the granular aspect of data and really turn that into something valuable max you said something really important and one of the things that let me share one of many horror stories that that that comes up in my daily life which is somebody walking up to me and saying hey I got a client here's their data you know go do some science on it like well well what the heck right so when we created this thing called the hypothesis development canvas our sales teams hate it or do the time our data science teams love it because we do all this pre work we just say we make sure we understand the problem we're going after the decision they're trying to make the KPI is it's what you're going to measure success in progress what are they the operational and financial business benefits what are the data sources we want to consider here's something by the way that's it's important that maybe I wish Boeing would have thought more about which is what are the costs of false positives and false negatives right do you really understand where your risks points are and the reason why false positive and false negatives are really important in data science because data size is making predictions and by virtue of making predictions we are never 100% certain that's right or not predictions hath me built on I'm good enough well when is good enough good enough and a lot of that determination as to when is good enough good enough is really around the cost of false positives and false negatives think about a professional athlete like the false the you know the ramifications of overtraining professional athlete like a Kevin Durant or Steph Curry and they're out for the playoffs as huge financial implications them personally and for the organization so you really need to make sure you understand exactly what's the cost of being wrong and so this hypothesis development canvas is we do a lot of this work before we ever put science to the data that yeah it's it's something that's lacking across not just sports science but many fields and what I mean by that is especially you referred to the hypothesis canvas it's a piece of paper that provides a common language right it's you can sit it out before and for listeners who aren't aware a hypothesis canvas is something bill has worked and developed with his team and it's about 13 different squares and boxes and you can manipulate it based on your own profession and what you're diving into but essentially it goes through the infrastructure that you need to have setup in order for this hypothesis or idea or decision to actually be worth a damn and what I mean by that is that so many times and I hate this but I'm gonna go in a little bit of a rant and I apologize that people think oh I get an idea and they think Thomas Edison all son just had an idea and he made a light bulb Thomas Edison's famous for saying you know I did you know make a light bulb I learned was a 9000 ways to not make a light bulb and what I mean by that is he set an environment that allowed for failure and allowed for learning but what happens often people think oh I have an idea they think the idea comes not just you know in a flash because it always doesn't it might come from some research but they also believe that it comes with legs and it comes with the infrastructure supported around it that's kind of the same way that I see a lot of the data aspect going in regards to our field is that we did an idea we immediately implement and we hope it works as opposed to set up a learning environment that allows you to go okay here's what I think might happen here's my hypothesis here's I'm going to apply it and now if I fail because I have the infrastructure pre mapped out I can look at my infrastructure and say you know what that support beam or that individual box itself was the weak link and we made a mistake here but we can go back and fix it
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Liza Donnelly, The New Yorker | WiDS 2019
>> Live from Stanford University. It's the Cube covering global Women in Data Science conference brought to you by Silicon Angle media. >> Welcome back to the Cube. I'm Lisa Martin Live at the Stanford Ari Aga Alone, My Center for the Fourth Annual Women and Data Science Conference with twenty nineteen and were joined by a very special guest, Liza Donnelly, cartoonist for The New Yorker. But Liza, you are a visual journalists, visual journalism. You're here live, drawing a lot of the things that are going on. It would. You were just at the Oscars at the Grammys. Your work is so unique, so descriptive. Tell us a little bit our audience about what is visual journalism? >> Well, I suppose a lot of us define it different ways. But I did find it is somebody who I am, somebody who goes to events, either political or social, cultural and draw what I see. I'm not a court reporter. I'm I'm an Impressionist. I give people a feeling that they're they're with me from what? By what I draw what I see, how I draw it, and and it's I don't usually put any editorializing in those visual drawings, but my perspective is sort of a certain kind of approach. >> So you're bringing your viewers along this journey in almost real time. When people see people might be most failure with New Yorker your illustrations there. But folks that are watching the Woods event lie that engaging with that tell us a little bit about the importance of using the illustrations to bring them on this journey as if they were here. >> Well, you know, I send the drawings out immediately, do them on my iPad and I send them out on social media almost immediately, so as I do that so that people can see them immediately. So they feel like they're there, and it's a way to draw attention to whatever it is I'm drawing. Because on the Internet, there's so many words in so many photographs, people see a drawing by other stream that like, Wait, what's that? And I'm a thumb stopper, in other words, so it's. It gives people different perspective on what's going on. And I think that my background is a cartoonist for The New Yorker for forty years. Informs these drawings in an indirect background kind of way, because I have been watching culture have been watching politics for a very long time, so it gives me a, you know, a new attitude or a way to look at what's going on, >> right? And so you you call these illustrations, not cartoons. >> I do call the cartoons cartoons. Okay, we'll do the cartoons for the for >> The New Yorker and some other magazines, and those have a caption, and they often are supposed to be funny, or at least cultural commentary. I do political cartoons for medium, and those also have it have a point of view, are a caption. But the's this visual journalism like I'm doing here is more like reportage. It's more like this is what's happening here. You might be interested in seeing what people are talking about, what they're doing and I do behind the scenes to I don't just do like the Oscars. I'll do the stars if I could get them. And on the red crime on the red carpet, it's really cool. If I catch them, I'll draw them. And then But then I also do the people taking out the trash, the guy painting, you know, painting the sideboard or the counterman, things like that. So I try to give a sense of what it's like to be there. >> So you really kind of telling a story from different perspectives. Yes, right. Yeah. And so the role of I'd love to understand you mentioned being with the New Yorker for very long time and loved. You understand from your perspective, the evolution of cartoons and the impact they can make in in our society, in politics and economics. Tell us a little bit about some of the impacts that you've seen evolve over the last few decades. >> Well, I've written about >> that. I'm also a writer. I've written about that for a very sites. Did a commentary on op ed for The New York Times about the Charlie Hebdo's murders a couple years ago because we know cartoons can be very controversial. Yes and problematic Nick. And that's been true through the course of the history of our country, and I'm sure in England and other countries as well. But it's compounded. Now because of the Internet. I think cartoons could be misunderstood that could be used as weapons. People are gonna be talking about this next week at the South by Southwest. I'm talking about political cartoons and what what their impact has been in the past and how, >> how they, how they create an impact now >> and why that is, and how we could use it to the to our to good effect. You know, not a divisive tool, which I think is a problem that we're dealing with right now in our culture is everybody's so divided and so opinionated and so hateful towards each other. Can we use cartoons? Not to perpetuate that, but to make things better in some way. >> And that's kind of the theme of Wits, Women and Data Science Conference. You know, we're talking Teo and listening Teo at the live event here at Stanford and all of those around the world. It's really strong leaders and data sign. So we think of data science on DH, the technical skills. But data is generated. We generate tons of it as people, right with whatever we're buying, what we're watching on Netflix. But we're listening to on Spotify, etcetera. There's this data trail that we're all leaving, and we know you talked about using cartoons for good. Same conversations that we have on the data side, about being able to use data for good for cancer research, for example, rather than exposing and being malicious, that's interesting. Parallel that you've seen over the years that there is a lot of potential here. Tell me a little bit about the appetite in. Maybe we'll say the millennials and the younger generations for cartoons as a tool for positive the spread of positive social news and not fake news. >> Well, there. I know that >> there's more and more cartoons on the Internet now. A lot of Web comics and cartoonists are young. Cartoonists are using the Internet effectively, too. Put out their ideas. In fact, I when the Internet hit, I was mid career right, and it just took off and helped me become Mohr more well known just by leveraging the Internet. No, because I love it. You know, I love Communicate. It's >> actually it's really an extension >> of what I did as a child learning to draw, communicate with people. I was shy. I don't want to talk. The Internet is just a matter of for me. It's like a dialogue with people on DH. That's how I look at it, and I I think this new generation is really trying to find ways to use these tools in a good way. I think there's a whole new, you know, the kids in their >> twenties. I think they're trying >> to make a better world, are working on it, and that's exciting. >> You talk about communication and how you used your artistic skills from the time you were a child to communicate. Being shy. We also talk about communication in the context of events like the women, the data science, where it isn't just enough to be ableto understand and have the technical acumen to evaluate complex, messy data sets. But the communication piece kind of go back, Teo sort of basic human scaled, being able to communicate effectively. This is what I think the data say and why, and here's what we can do with it. So I think it's interesting that you're here at this event. That has a lot of parallels with communication with using a tool or information for the betterment off a little bit about how you got involved with women in data science. >> Well, I met Margot Garretson >> about five years ago, and through a mutual friend, we met in Iceland. All places >> like it's conference >> about women's rights. It was, it was the Icelandic women are so powerful anyway. We met there, really, to be good friends, and she invited me to come live, draw her new conference at the time. I think she had one year of it, and I thought, data science, OK, >> did you even know what >> that Wass? Yeah, kind of. But I didn't think I didn't see my connection. But I thought, Well, it's about women's rights and >> I'm a big part of my interest in what I want to do with my work is promote equal rights for women around the world. And so I thought, this this sounds terrific. Plus, it's global, and I do a lot of work globally to help them and help freedom of speech as well. So it seemed to be a great fit on DH and and it seems even more to be a good fit in that. It's a way to get the information out there in a visual way because people will hear that word data, and they like they probably just >> start. Yeah, zero because >> they see it connected with a cartoon or drawing it humanizes it for them a little bit. And if I could do that, that's great. And that's what's also fun is that I thought about this today was drawing the speakers, and I'm drawing one of the speakers. I forget her name right now, but I thought and I put it out on the Internet. There were no words on there, but it was just a woman speaker talking about really very technical data science. I put on the Internet with the caption on the tweet and I thought, People, it's it's it's just a constant reminder to people that women are doing this. And it's not a silly not like writing a long essay about why women should be in data signs and why they are and why they're important. But they're doing great things. But if you see it, it resonates a little bit more quickly and more forcefully. >> Absolutely. And it aligns with what we hear and say a lot of we can't be what we can't see. >> That's right. Yeah, that's a saying right where you said that. >> Yes. I'm not sure I'd love to take credit for it. Sure >> would be if she can see it, she could be it. That's another >> thing. That a young girl, she's my drawing of a professor talking on stage. Maybe she'll think about it. >> Absolutely. So in the last few seconds here, can you just give us a little bit of an idea of how you actually What What inspires you when you're seeing someone give a talk like you mentioned about maybe an esoteric or a very technical top? What do you normally look for? That's that Ah ha moment that you want to capture in ten minutes. >> Well, I try to capture that person's essence. I'm not a caricaturist. I don't pretend to be, but I draw >> a likeness of them, and they're the full body is the best body language. You know, they're just tick yah late ing. And then oftentimes I try to capture a sentence that they're saying that has has more universal appeal that somehow brings like a not like a layman into the subject A little bit. If I can find that sentence in what they're saying, I'll put that you have the speech balloon will be saying that. But I just try to capture the person best. I can >> do anything if you compare two wins. Twenty eighteen. Here we are a year later. Even more people here, the live event, even more people engaging and think Margo's that about twenty thousand live today. One hundred thousand over. I think the one hundred thirty plus regional with events, anything that you hear, see or feel that's even more exciting this year than last year. >> Um, well, I do. I do feel the >> the increase in numbers. I can feel it. There's there soon be more people here I don't true, but the senior more young people here, what else is it is it is a buzz. I think there's a >> There's an energy >> is an energy. Not that there wasn't there last. The last I've >> done three years now. It's been there, but there's a certain excitement right now. I think more women are stepping into this field of being recognized for doing so. >> And it's great that you're able Tio, reach, help wigs, reach an even bigger audience and tell this story with your illustrations in a more visual way, way also. Thank you so much, Liza, for taking some time. Must daughter by the Cuban talked to us. It's an honor to meet you And you. I love your drawings. >> Thank you so much. You >> want to thank you for watching the Cube? I'm Lisa Martin Live at the fourth annual Women and Data Science Conference at Stanford's took around. Be right back with my next guests.
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global Women in Data Science conference brought to you by Silicon Angle media. My Center for the Fourth Annual Women and Data Science Conference with twenty nineteen and were joined I give people a feeling that they're they're with me from But folks that are watching the Woods event lie that engaging with that tell us a And I think that my background is a cartoonist for The New Yorker And so you you call these illustrations, not cartoons. I do call the cartoons cartoons. the trash, the guy painting, you know, painting the sideboard or the counterman, And so the Now because of the Internet. Not to perpetuate that, but to make things better in some way. And that's kind of the theme of Wits, Women and Data Science Conference. I know that A lot of Web comics and of what I did as a child learning to draw, communicate with people. I think they're trying from the time you were a child to communicate. we met in Iceland. I think she had one year of it, and I But I didn't think I didn't see my connection. I'm a big part of my interest in what I want to do with my work is promote Yeah, zero because I put on the Internet with the caption on the tweet and I thought, And it aligns with what we hear and say a lot of we can't be what we can't see. Yeah, that's a saying right where you said that. That's another Maybe she'll think about it. So in the last few seconds here, can you just give us a little bit of an idea of how I don't pretend to be, but I draw But I just try to capture I think the one hundred thirty plus regional with events, I do feel the I think there's a Not that there wasn't there last. I think more women are stepping into this field of being recognized for doing so. It's an honor to meet you And you. Thank you so much. I'm Lisa Martin Live at the fourth annual Women and Data Science Conference
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Gabriel Shepherd, Hosho | HoshoCon 2018
from the Hard Rock Hotel in Las Vegas it's the cube recovering no joke on 2018 brought to you by Osho okay welcome back everyone we're here live here at hosts show con in Las Vegas the first security conference for blockchain its inaugural event and we're here with Gabriel Shepherd VP of strategy at Global Strike for host show they're the hosts of the event although it's an industry conference for the entire community all coming together Gabriel thanks for coming on and spend the time yeah thanks for having me thanks for you know supporting the event and we appreciate your team coming out and covering what we're trying to build here well we think it's super important now so you guys are doing a great service for the industry and stepping up and put in the event together and so props to you guys thank you this is not a hosts show sales like conference you guys aren't selling anything you're doing the service for the community so props to you guys in the team great stuff and we know this is a kernel of all the smartest people and its really an industry event so it shows in the session so appreciate that yes we think it's important because you know we see a lot of trends the queue has a unique advantage in how we cover hundreds of events and yeah so we get to go we see a horizontal observation space from the industry and when you have formation like this with the community this is important you guys have up leveled the conversation focused the conversation around blockchain where security is the top-level conversation that's it no I feel pitches right so for the folks watch and this is really one of those events where it's not a huge number of people here like the thousands and thousands of other blockchain shows that make money off events this is about community and around getting the conversations and having substantive conversations so great job so for the folks watching the content agenda is super awesome host show con-com you go browse it but give us some color commentary on some of the types of speakers here the diversity yeah I think I think the first thing that we wanted to accomplish was with Hojo Khan was we we wanted to put front and center the conversations that were not taking place at other events there are plenty of platforms and opportunities for companies early-stage companies to go pitch there are other great conference organizers that do events and have their own wheelhouse but what we wanted to do was put together a conference that was focused around a type of conference that we ourselves would want to attend as a cybersecurity firm and you know after traveling the world I mean you know you you and artesia spoke many times and hosho has sponsored quite a few events around the world after attending by the end of 2018 will attended something like a hundred plus events in some capacity and so it was clear to us early on that companies weren't our conferences weren't going to focus on security or at least put them on the main stage where I believed that they should be at least with all the hacks happening so what we wanted to do was bring together thought leadership with respect to security technical leadership with respect to developers and security engineers and we wanted to bridge those two what I mean by that is we wanted thought leadership that could get executives to start the non-technical people so start thinking about security in the larger format and how it's applicable to their company but what we also wanted to do is we wanted to connect these non-technical people with the technical people in an intimate setting where they could learn think about the brain power that we have in this hotel for hosho Khan you've got the minds of Andre Assante innopolis Diego's LDR of RSK Michael berkland of shape-shift josub Kuan of hosho we've got Ron stone from c4 you've got an on Prakash a world-class white hat bug bounty hunter consider what he's top-5 bug bounty hunter for our top top bug bounty hunter for Facebook five years in a row the the level of the calibre of technical talent in this building has the potential to solve problems that Enterprise has been trying to solve individually for years but those conversations don't take place in earnest with the non-technical people and so the idea behind hoshikawa was to bridge those to provide education that's what we're doing things like workshops sure we have keynotes and panels but we also have the ability to teach non-technical people how to enable two-factor authentication how to set up PGP for your email how to set up your hardware wallet these things aren't these conversations are not the bridge is a clearly established we interview people from on the compliance side all the way down to custodial services which again the diversity is not a group think events just giving them more props here because I think you guys did a great job worthy of promotion because you not only bridge the communities together you're bringing people in cross functionally colonizing and the asset test for me is simple the groupthink event is when everyone's kind of rah rah each other I know this conditions we got Andre is saying hey if you put database substitute database for blockchain and it reads well it's not a real revolutionary thing and oh all you custodian services you're screwed I mean so you have perspectives on both side that's right and there's contentious conversation that's right and that to me proves it and as well as the sessions are highly attended or we don't want it we don't want a panel of everybody in agreeance because we know that's not reality i mean that you you bring up the issue of curse of custody a prime example is we had a great talk a four-person panel led by Joe Kelly who's the CEO of Unchained Capital he had a panel with traditional equities custodian Paul pooi from edge wallet Joseph Kwon is the CEO of hosho and there was clear differences of opinion with respect to custody and it got a little contentious but isn't that the point yeah it's to have these conversations in earnest and let's put them out in the public on what's right and what's wrong for the community and let the community to decide the best way forward that's the best is exactly what you want to do I gotta ask you what are the big surprises for you what have you learned what's the big reveal for you that you've super surprised you or are things you expected what were some of the things that went on here yeah I think the biggest surprise to me was the positive feedback that we received you know I understand that we know people maybe looked at how shock on year one and said hosho like they're a cybersecurity firm what are they doing running a conference right but my background is a you know I've produced conferences I have a former employee of South by Southwest I believe a big an experience and so when we started to put this together we thought we knew we would make mistakes and we certainly made mistakes with respect to programming and schedule and just things that we had didn't think about attention to detail but we had plans far in that the mistakes were mitigated that they weren't exposed to the public right there behind the scenes fires that kind like a wedding or a party but no one actually really notices sure we put them out behind the scenes nobody that the our guests don't notice and that was my biggest concern I'm pleasantly surprised at the positive feedback we've yet to get any negative feedback publicly on Twitter telegram anecdotally individually people now they made just being nice to my face but I feel good about what the response that we've got it's been good vibes here so I gotta ask you well sure the DJ's were great last night good experience yeah experience and knowledge and and networking has been a theme to correct I lost him the networking dynamics I saw a lot of people I had I had ran to some people I met for the first time we've had great outreach that with the queue was integrated in people very friendly talked about the networking and that's been going on here yeah I mean this panels are great I'd love to hear from from panels and solo presentations but a lot of work gets done in the hallways and we have a saying in the conference business hallway hustlers right the ones that are hustling in the hallways are those early stage entrepreneurs or trying to close deals trying to figure out how to get in front of the right person serendipitously are at the bar at the same time as somebody they want to meet that is to me conference 101 that is the stuff I grew up on and so we wanted to make sure that we were encouraging those interactions through traffic flow so you'll notice that they're strategically the content rooms are strategically placed so that when you're changing rooms people are forced to cross interact with each other because they're forced to bump into each other and if you look at the programming we purposefully to our demise to be honest year one put a lot of programming that was conflicted with each other we made people make a decision about what talk they wanted to go to because there were two really compelling people at the same time or 10 minutes off yeah and so you had to make a decision vote with your feet you got to vote with your feet and and and from a conference perspective we call that FOMO right we want our guests to FOMO not because we want them to miss a particular talk but because we want them to be so overwhelmed with content and opportunity with networking that they when they walk away they've had a good experience they're fulfilled but they they think I got to go back here too because that thing I missed I'm not gonna miss this yeah we will point out to you guys made a good call on film all the session everything so everything's gonna be online we'll help guys do that yep so the video is gonna be available for everyone to look on demand you also had some good broadcast here we had a couple shows the cubes been here your mobile mention the DJs yeah yeah so good stuff so okay hallway conversations our lobby con as we call it when people hang up a lot on it's always good hallway con so what Gabriel in your mind as you walked around what was some of the hallway culture that you overheard and and that you thought were interesting and what hall would cartridges were you personally involved in the personal conversations I was involved with is why isn't somebody not this station why someone not Gardens but I will tell you i from what I heard from from conference attendees the conversations that I heard taking place were and I hope Jonathan doesn't mind but Jonathan Nelson from hack fund spoke on our main stage and I hope he doesn't mind me speaking out of turn but he came to me said this is one of the best run blockchain conferences I've ever been to and to have somebody like Jonathan say that who has done hundreds of talks and thousands was really meaningful but but what was more important is to talk to him and him feel comfortable enough to sit down with me and just talk generally that's the vibe we want for every attendant we want you to feel comfortable meeting with people in the hallway who you've never met and be vulnerable from a security perspective you know Michael Turpin for example sitting down and talking proactively about being the AT&T hack great these are opportunities for people to really talk about what's happened and be vulnerable and have the opportunity to educate us all how to get better as an industry you know the other thing I want to get your thoughts on is obviously the program's been phenomenal in the content side thank you but community is really important to us we're of a community model to q you guys care about the community aspect of this and as a real event you want to have an ongoing year after year and hopefully it'll get bigger I think it will basically our results we're seeing talk about the community impact because what you're really talking about there is community that's right well I mean Vegas we talk about there's multiple communities right regionally post-show is a Vegas based company we're born here we close I think forty some employees all based here in Las Vegas which is our home so the first thing that we did with respect to community as we created a local local price if you're a Nevada resident we didn't want you to have to invest a significant amount of money to come to something in your own town the second thing we did is we've invited the local Vegas Bitcoin meet up in aetherium meet ups to come and partake and not only participate but contribute to the content and opening day in fact there was so much influx of people from those meetups it wasn't official it wasn't like a program where we had actually a VTEC set up I thought I was gonna be like a meet-up there were so many people that attended we had to on the fly provide AV because we were overwhelmed with the amount of people that showed up so that's a regional community but with respect to the community from blockchain community what we wanted to do is make sure we brought people of all ethnicities all countries we have 26 countries represented in the first blockchain security conference and you had some big-name celebrities here yeah Neil Kittleson Max Keiser you go mama Anan Prakash Yakov Prensky a layer from your side pop popcorn kochenko has some big names yeah I'll see andreas yes here keynoting yeah I'm Michel parkland andreas Diego Zaldivar I mean these lena katina Viren OVA I mean these are big names yeah these big names okay what so so what's your takeaway of you as you know my takeaway is that there's a there's a yearning for this type of event my takeaway is that we're doing something right we have the luxury as hosho and that we're not an events company people think that might be a disadvantage to run a confident you're not a cotton vent company I think it's an advantage yeah because it holds my feet to the fire yeah much closer than an event organiser who doesn't have a company reputation and brand to protect hosho as you know has a good brand in the cybersecurity world with respect to blockchain we don't have the luxury of throwing a poor event giving you a bad experience because that would tarnish house of but also your in the community so you're gonna have direct feedback that's right the other thing too I will say I'm gonna go to a lot of events and there are people who are in the business of doing events and they have a profit motive that's right so they'll know lanyards are all monetize everything is monetized yeah and that sometimes takes away from the community aspect correct and I think you guys did a good job of you know not being profligate on the events you want to yeah a little bit of cash but you didn't / yeah / focus on money-making finding people right for the cash you really needed about the content yeah and the experience for and with the community and I think that's a formula that people want yeah I would like to see the model I would like to see the model changed over time if I'm being honest a majority of crypto conferences today are paid to play so a lot of the content you're getting this sponsored so I'm okay with that but I think it should be delineated between con disclose your disclosure you don't want water down the country but but the conference circuit and crypto is not ready for that it hasn't rest in my opinion hasn't reached that level of maturation yet like I told you I I'm a former South by Southwest guy that like my belief is you create the content and the sponsors will come I don't I don't begrudge conference organizers for for for sponsoring out events because they're really really expensive a cost per attend to manage demand to this hype out there yeah hundreds of dollars per attendee I get it I understand why they do it but what I would like to see is the model change over time whereas as we get more sophisticated as a technology space we should also grow as a vent and conference circuit as well what I mean by that is let's change the model that eventually someday it's free for all attendees to come and those conferences and the costs associated with them are subsidized by companies that want access to the people that are tending them it sounds like an upstream open source project sure how open source became so popular you don't screw with the upstream yep but you have downstream opportunities so if you create a nice upstream model yep that's the cube philosophy as well we totally agree with you and I think you guys are onto something pioneering with the event I think you're motivated to do it the community needs it yeah I think that's ultimately the self governing aspect of it I think you're off to something really good co-creation yeah I'll see we believe in that and the results speak for themselves congratulations thank you so much I appreciate you guys coming here and investing your time and I hope that all our staff has been accommodated and the hard rock is treated you well you guys been great very friendly but I think again you know outside of you guys is a great company and great brand and you guys and speaks for itself and the results this is an important event I agreed because of the timing because of this focus its crypto its crypto revolution its cybersecurity and FinTech all kind of coming together through huge global demand I mean we haven't gotten into IOT and supply chain yeah all the hacks going on with China and these things being reported this is serious business is a lot on the line a lot and you guys having a clear focus on that is really a service business Thank You staff doing it alright our cube coverage here in Las Vegas for host Joe Kahn this is the first conference of its kind where security is front and center it is the conference for security and blockchain bringing the worlds together building the bridges and building the community bridges as well we love that that's our belief as well as the cube coverage here in Vegas tigress more after this short break
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Hartej Sawhney, Hosho | HoshoCon 2018
>> From the Hard Rock Hotel in Las Vegas, it's theCUBE covering HoshoCon 2018. Brought to you by Hosho. >> Okay, welcome back everyone. It's theCUBE live coverage here in Las Vegas for the first annual blockchain security conference. The brightest minds in the industry coming together, it's called HoshoCon, and it's presented by, and sponsored by Hosho. But it's not their event, it's an industry event. And we're here with the co-founder and president, Hartej Sawhney, who is theCUBE alumni. Great to see you. You guys are doing a great event. Thanks for coming on. >> Yeah, it's always good to see you, and I'm so glad theCUBE is here at HoshoCon. >> So you've talked with us many times, but recently in Toronto about this event. This is not your company's event. You guys are putting it together. You're holding it because there's no other conferences that do this, but it's not just you guys. You guys are bringing the industry brains together. >> Yeah, I mean, we see ourselves as being on the intersection of cybersecurity and blockchain. And (coughs) just getting over a cold, but not a lot of conferences are out there that have a open discussion about cyber security in the blockchain industry. And hundreds of millions of dollars are stolen from exchanges. And 10% of all the money in the ICO space has been lost or stolen. And there's simply not enough platforms for this to be discussed. So, we figured we'd start the first conference that solely focuses on being a blockchain security conference. We chose not to have any ICO pitch competition. And it feels like there's more and more typical blockchain conferences out there, but it's important to be home base for anyone who wants to affiliate themselves with cyber security and the blockchain industry. >> And the depth and breadth of security is changing. We are hearing talks with, unfortunately I won't be able to attend the sessions, we're interviewing people all day, but amazing talks. How to hack an exchange, all these new surface areas. I mean, people kind of generally know they're unsecure, but this growth going on. There's new things happening. This is exposing some of the security vulnerabilities. What is the hot topics in the talk tracks here at HoshoCon? >> We have Anand Prakash, who runs a company called AppSecure. He's one of the worlds best white hat hackers. Who has hacked into the likes of Linkedin, Facebook, Google, all the top names. And to have someone walk us through today, Anand Prakash said, "Here's how you hack into a crypto "currency exchange and here's how they actually did it." And to have a white hat hacker walk us through that, it opens up our eye balls as to how easy it actually was for a Japanese exchange to loose 500 million dollars. That's no small sum of money. And this industry is only going to survive if we together as a community come together and evaluate how was it that 500 million dollars got stolen? And how can we as a community of global lovers of bitcoin make sure that this does not happen moving forward? >> On that exchange hack, 500 million dollars in Japan, was that white hat done or was that black hat? >> It was black hat. Unfortunately the money's not been given back. >> So it's not given back. So that's a half a billion dollars? >> It's half a billion dollars stolen, yeah you know. How many industries are worth just about that much? >> Yes, you could feed a couple countries. This is legit, right? Obviously it's like total, you know, wild west if you want to call it. Stage coach robberies they got the mask on. No one knows who it is. This is real, this is absolutely real. What are you guys doing as an industry? What's happening here to prevent this? What are the key, you know hygiene or social, anti-social engineering? What are the key things that are going on that are solving this problem? >> So, every exchange needs to value security and get a penetration test. Every company needs to make sure that somebody at their company is in charge of their in house security practices. Most companies when you ask them, "Who's in charge of security?" They point their finger at the CTO. The CTO is in charge of architecting the software. You need to have somebody full time, in house taking care of the security. Ideally a CISO and if you can afford it, pay someone five to ten thousand dollars a month as a consultant to come in for a couple of months and take care of your in house security. These are basic things that, you know, surprisingly most bitcoin exchanges often times when they're hacked, they're hacked by a basic phishing attack. That one of your employees opened up the wrong email. They opened up a PDF and the hacker gained access to your computer and is now monitoring your keyboard strokes and stole millions of dollars. Or the exchange didn't get an actual penetration test of their exchange. Or exchanges are listing contracts that have not gone through a professional smart contract audit. These things are now, also we're seeing them service in regulation with central governments. And it seems that all the smaller island nations are spearheading the way in terms of writing clarity on regulation. In Malta, Bermuda, Gibraltar, all of them are trying to spearhead the way. I'm much more excited, to be honest, about some of the larger nations bringing clarity on regulation in the next two to three years. We all can't just move to a small island off the coast of Italy that is infamous for actually laundering money in the gaming space. Yes, now they're trying to bring clean clarity doing KYC and AML in Malta and write a actual regulation about security. And if you're domiciled in Malta and you're a exchange then you can only list a token that's been audited. It's wonderful but at the end of the day Malta is also a part of the EU and if the EU changes their mind, things can change Malta. I just feel like it shows the immaturity of the space. If very legitimate companies are all going to flee to small countries like Malta or to islands like Bermuda. Good on those island nations for being so pragmatic and forward thinking and for bringing legal clarity. I mean if I was in an exchange today, arguably yes you have to go to Malta if you want clarity on regulation and you don't want to be in the United States. Right now, Malta is your choice. I'm just personally a little bit much more excited about the next three years where, I make a joke to my co-founder and I say, "The suits are coming." That we look around these conferences and you don't see that many suits but the fortunate 500, many of them are either writing private blockchains, they're evaluating how they're going to leverage blockchain technology in their major businesses and they're going to leverage decentralized applications and tokenization for already running products that have millions of customers, that are already profitable and then when they get tokenized they're going to be up and running right away. So the next two to three years are going to be very interesting. From Hosho's perspective we've taken a big turn towards catering towards more publicly traded large sophisticated companies. We've partnered up with Telefonica. Telefonica is a Fortune 200 company. Its wonderful to be able to leverage that kind of a brand. To deal with major world wide entities that are publicly traded come to Telefonica and evaluate how they can leverage blockchain technology and get one bundled security package that includes Hosho, Rivets, and Telefonica. >> Yeah the Rivets solution is interesting. It's a hardware based solution. So the subscriber of the phone becomes the entity. It's really interesting and I think this points to new paradigms of security, which I want to get to in a second but I want to just unpack what you said about the small country, big country dynamic. Great for the small countries to be opportunistic. To be creative and capture this opportunity. But people want stability. They want clarity on regulations, yes, but also standards, technical standards. >> We can't all just move to the small country of Malta. >> Yeah I'll be in a plane the whole time. >> It just doesn't work. >> Yeah and by the way the game changes too. Whats the implications of say, Malta decides one day, "You know what?" "We're getting out, we're changing things." A company would have to move their domicile again. So it's a moving train, you don't know what you're going to get. It might be stable now but it's not a scalable opportunity. >> Yeah, people have families and they want to stay where they are. Simple as that. We have large countries that have a strong crypto community that's growing and let's see how they pan out. Singapore seems like a likely next candidate. You have Korea. I would argue to say that the worlds first decentralized application that will be massively adopted will be in Korea. Korea is going to be the place where we have the worlds first decentralized application launched with mass adoption, a paradigm shift. The kind of shift where you forgot what it was like before you used Gmail regularly. >> Yeah, total, total infrastructure change. Alright so I got to ask you the hallway conversation question. Obviously you're very popular here. It's you event, you're sponsoring with the community. I see you talking to a lot of people at the VIP dinner last night. What are some of the hallway conversations that you're having? A lot of interesting people here from diverse backgrounds, in security, technology, some policy, some regulatory, some business, and legal, but really bright minds. What's the hallway conversation like? What are you talking about? >> We're talking about how all of us are going to survive crypto winter that we just entered. We've entered a time where fund raising has become extremely difficult. A lot of funds are simply bleeding. They lost a lot of money and they're not cutting checks right now. So the companies that are going to survive and stick around through this crypto winter, they're making a strong statement and they're going to be the ones that are going to stick around. And a lot of them are here at this conference at HoshoCon. And it amazing to have discussions to see what are the problems that fellow founders are facing? Building companies that will survive this crypto winter. Another thing has been just what are we going to do as a community to self-regulate? Are we going to create self-regulatory organizations? Are we going to let another Moody's get created? What is our viewpoint on regulation in the space overall, right? We love Max Keiser. His viewpoint on regulation is very extreme where he believes bitcoin is a self-regulatory technology. And on the other hand we have people saying, "No, we need to quickly move to regulate the space. "Work with central banks, work with central governments, "and write out the regulations." That's been lot of the hallway conversation. And a lot of other ones that have been really intriguing to me has been people talking about what are things that they have done within their company to protect their employees. Because the reality is in the crypto currency space every single employee of a major company in this industry is a target by naturally being in this industry. And this includes you. We are all naturally targets. And it's not about how much bitcoin you have maybe its about how much bitcoin someone thinks you have. And all of a sudden you become a target. And we need to think about things like our physical security. So some of the more interesting conversations I've been having with people have been around, along the lines of what are you doing to protect you and your family in regards to your physical security? On top of that your online presences. >> So ransoms, people getting kidnapped and or extorted. These kinds of physical pressures? >> Yeah, like ShapeShift has a lot of great stories. Michael Perklin from, the CIS of ShapeShift is here. You should totally talk to him and get him on theCUBE. Michael Perklin has a long list of war stories that ShapeShift has been through. Some of them they went through before he was actually hired as a CISO. And ShapeShift would've also not been hacked of millions of dollars if they had brought on a CISO earlier such as Michael Perklin. I believe they had hired him as a consultant. Did not renew the contract, got hacked, and brought him on as CISO. And he was like, "If you had continued working with me "I would of, this would of been avoided." And that's really-- >> It's foolish. >> One other thing I've seen with ShapeShift actually is online you'll notice that all the employees of ShapeShift, their last names are not online. So on the website it says, their chief marketing officers name is Emily, it says "Emily Shape Shift". And their badges at conferences also says "Emily Shape Shift". These are interesting things to learn from other companies that this is what you're doing to protect your employees from them being hacked. It's very interesting for us to all exchange notes-- >> Shoot I'm out there, (mumbles) everywhere pretty much online. >> Well I'm out there as well. We just got to protect ourselves and we got to think about things like our physical security. People feel uncomfortable thinking about their physical security. They think that, "Oh no we're in America, "we'll just call the cops." What about when we travel? What about when you and I are in a village in Thailand hanging out? We are microorganisms and when microorganisms are hungry they'll do what ever it takes to eat. So if they smell abundance, you and I are in trouble. >> Yeah, we got to be careful. And this is something that you really got to worry about because there's been tons of war stories. Now ultimately when you get back down to the wallet, it's one of the things we've been talking a lot this morning on, with Rivets, was on about the notion of how hard it is for mainstream to use tokens. Where's my private key? This has always been the crypto problem, even with private key encryption. >> Yeah, or should we build a multi-sig wallet to store your tokens in a secure manner? People have been asking us for a long time, Crypto funds, ICO's, "How do we store our tokens!" And our problem was that A, we've either hacked into the other wallets that are available and we saw that they're insecure or the UI and UX completely sucks. So we said lets build our own and so we built our own. >> Are you open sourcing that, is that-- >> No, we're going to be, this is going to be a unique multi-sig wallet that we release, it's not. You're open sourcing the actual code of the wallet or else it's not going to be considered legitimate. >> Yeah, it's good, it's a goldmine. >> It's a profitable venture. >> And that's going to be 100% bullet proof? >> It's going to be very secure. >> Let's talk about Meadow Suite. >> So, we came to a point where our engineers needed better tooling to find security vulnerabilities in smart contracts. And what is available, Truffle, is weak and slow. And so we built Meadow Suite. We built in a long list of tools and a full suite of tooling that we believe are going to be used by a long list of people that are building on the Ethereum blockchain. Including a lot of our competitors. And so we've open sourced it and we're excited for people to check out Meadow Suite. It's on GitHub and our engineers have put a lot of time and effort into it. We even have our own logo for it. >> And the goal is to automate things, make it easier? What's the main, main initial goals? >> I would say, long story short, is to find security vulnerabilities in smart contracts and to build tooling around that. And to effectively build and find vulnerabilities in smart contracts. >> So they build it into their development process natively? >> Correct. >> Alright Hartej great to have you on and hey congratulations for putting on this event. I know we've talked about >> Awesome to be here. it in the past, it actually happened. It's the first inaugural one. >> We had this vision and I'm glad it came through. We had a great global events team. Gabriel Shepherd, and Ryan Shewchuk, and Brad Horspool, and Michelle Yon. And like they've put on conference's the size of Southwest by Southwest. And our vision is, look we're not in the events business. And we're a cyber security business at the end of the day. But we found it necessary that there has to be a conference where there's a platform for people to talk about cyber security intersecting with the blockchain industry. There's got to be a platform for someone to get on stage and say, "Hey here's lessons that "we learned from getting hacked" And if this industry is going to survive, this topic needs to survive. And the brands that want to affiliate themselves with blockchain security and that want to be apart of the discussion. This will be a go to conference every single year. We're going to keep doing it and I look forward to having you at every single one, coming. >> It's been great. And you know what's key is having reputable people working together in a community, building an open community, sharing data, sharing best practices, and having candid conversations. >> Yep, it's the only way to get someone as epic as Andreas Antonopoulos to your conference. I mean my co-founder and I have been looking up to Andreas for so long. Watching videos of Andreas. Watching videos of Max Keiser, Stacy Herbert. To have them here is really just truly remarkable and I'm grateful, I'm honored, I'm touched. I'm touched to have you here. I miss David Vellante, I wish he was here. >> He's in San Francisco, he says hi. He was going to fly in tonight but-- >> He texted me. >> He did, okay. >> Hartej it's great to see you. >> Great to see you >> Congratulations. as well. thank you. >> Great event. Okay we're here live with theCUBe coverage for HoshoCon 2018, the first inaugural security conference on blockchain. Industry leaders coming together. The brilliant, bright minds of the industry working out the solutions, trying to pedal faster. Better security, check it out HoshoCon.com. I'm John Furrier stay with us for more coverage after this short break. (techno music)
SUMMARY :
Brought to you by Hosho. Great to see you. Yeah, it's always good to see you, You guys are bringing the industry brains together. And 10% of all the money in the And the depth and breadth of security is changing. And this industry is only going to survive Unfortunately the money's not been given back. So it's not given back. It's half a billion dollars stolen, yeah you know. What are the key, you know hygiene or And it seems that all the smaller island nations Great for the small countries to be opportunistic. Yeah and by the way the game changes too. Korea is going to be the place where we have the worlds Alright so I got to ask you the So the companies that are going to survive These kinds of physical pressures? And he was like, "If you had continued working with me So on the website it says, their chief marketing Shoot I'm out there, (mumbles) We just got to protect ourselves And this is something that you really got to worry about into the other wallets that are available You're open sourcing the actual code of the wallet that are building on the Ethereum blockchain. And to effectively build and find Alright Hartej great to have you on It's the first inaugural one. And if this industry is going to survive, And you know what's key is having Yep, it's the only way to get someone as epic as He was going to fly in tonight but-- as well. The brilliant, bright minds of the industry working out
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Devin Cleary, PTC | PTC LiveWorx 2018
>> (Announcer) From Boston, Massachusetts, it's the Cube! Covering LiveWorx 18. Brought to you by PTC. >> Welcome back to the Seaport in Boston, everybody. This is day one of the LiveWorx show, PTC's big IoT user conference, but it's much, much more than that. My name's Dave Vellante, Stu Miniman. You're watching the Cube, the leader in LiveTech coverage. It's really our pleasure to have Devin Cleary here, he's the Director of Events at PTC. Dev, thanks so much for coming on The Cube, and thanks for putting together such a great show. >> Oh, thank you so much for having me. This is great. >> You're welcome. So, I say it's a user conference, but it's so much more. I mean, talk about what your intent was and what you've created, you and your team at LiveWorx. >> Absolutely. So for us, we take a step back in corporate events. And we're really trying to bring sort of a unique flair to the corporate events world. In a nutshell, we at PTC have a 25 year legacy of doing really powerful user events, and it was really an inspiration two years ago to kind of shake the mold. And again, no pun intended, be disruptive in the marketplace. So for us, we sort of coined a new term or strategy that we call Industry Inclusiveness. And this is something where we wanted to sort of break down the four walls of the company, and invite industry influencers, individuals who are leading the charge, inclusive of actual competitors, 'cause for us, it's better together. And the whole story and talk track around LiveWorx is collaboration accelerates innovation. So for us, we want to make sure we embrace a lot of different people, walks of life, and diversity, and the intent is to create a one time a week a year, successful program that focuses and profiles nine of the most disruptive technologies on the planet. So this is everything from robotics to AI, to IoT, to AR, blockchain, and so much more. And for us, this is really the essence of what LiveWorx has become, which again for us, we want everyone to know that this event is sort of the world's most respected digital transformation conference. >> So, couple things I want to point out. Well, so over 6,000 people here, the kickoff was in the theater-in-the-round I've only seen that-- We do over a hundred events every year, I've only seen it done twice, and it's worked both times. I think it's a home run when you do the theater-in-the-round. The intro was like, I tweeted out this morning, it was like an Olympic opening ceremony. I mean really, where do you get your inspiration from that? >> So, you know what, for us, I have a really amazing team that works with me and collaboratively. And for us, we really want to sort of challenge the status quo. So, we always look for things actually outside of the tech bubble, if you will. We look at music. We look at fashion. We look at art. We look at a lot of pop culture sort of references and that sort of stems our ideas of how we sort of nurture and create what we call the apex, or LiveWorx or what you saw this morning. And for us, I'm all about what I call delight moments. So these are moments that frankly are sort of above and beyond the core content of what the conference offers and just making people have a great time. Showmanship and entertainment is just as much important as the core again content that we offer at LiveWorx. >> Dev, you've got a big tent here with a lot of different topics. There's a show I go to, we talk about the random collision of unusual suspects, which this reminded me of. Can you talk a little bit about how in these diverse communities, yet we should see some overlap and some bumping together. >> Yeah. Absolutely. So, again with LiveWorx, and sort of again profiling these nine to ten most disruptive technologies out there, we're always trying to recruit people that are very diverse from various backgrounds. You know, one specific goal that we have, just from a geographic persepective is making sure that over half our audience is from international markets outside of the United States. So again, when you're bumping shoulders or walking the halls everywhere around us, you're guaranteed to hear someone that comes from a different walk of life, a different experience, a different educational background and that adds a lot of value to the overall conference. Now, again, we target everyone from administrators to engineers, developers and more because really this show runs the gamut on everything from product design and sort of the ideas of what you want to do, all the way through service, manufacturing, it is the full scope of industry 4.0. So, to your point, there's a lot of intersection and a lot of overlapping because every company, every person, every individual, wants to experience and learn how to embrace what we call disruptive tech. >> You know, again, we do a lot of shows and the vast majority, when someone like you guys brings us to a show, they want to showcase their products and basically pimp up their own stuff. You chose a different approach. First of all, thank you for that. So, this today has been all about thought leadership. Stu and I were saying it reminds us of some of the stuff we do with MIT. Where you have professors, you have thought leaders, talking about not, kind of frankly, some boring products. >> And it's not a sales pitch. >> Right, it's not a sales pitch. But, why that decision and what's your vision for where you want to take this thing? >> Yeah, so again, I would say that a lot of conferences, and this is no offense to my brothers and my sisters in the events world out there, but people are so sick and tired of going to the standard trade show. The days of pipe-and-drape and aisles of just being pitched to and receiving free stress balls, and hiring staff that might not even be employed by the company, but they just frankly look good, those days are completely over. In our audience, the technologists who really matter in this world, who are doing a lot of great work, they want that substance and that core content. So, for us, it's really a vision about that's embraced and sort of evolved into give back and let the content lead your success. And that is going to help amplify the voice and further the mission. We look at LiveWorx as a catalyst well beyond the company that employs me and the people that work for just these companies. We have a vision to make Boston an epicenter, a headquarters, a world-renown attraction for technologists world-wide knowing this city for IoT and for AR. And for us, we embrace the innovation district as that pallet, that backdrop, that environment to allow us to really accomplish that. So, LiveWorx is growing exponentially. We experienced double digit growth this year, which was amazing. Starting where I was only with this company two years ago and less than 25 hundred attendees and we're at 6,100 right now live on the show floor at LiveWorx. So the future is really bright for us, and we're embracing this notion of the convention center is only going to be constricting for so long. It's time that we also implode those four walls and we embrace the outside. And what our plans are going for, which I'm really excited to sort of announce, is we're going to be now becoming more of an industrial innovation week in Boston, and taking our plans mainstream. So, that means taking the content that we focus on, and the partners that we work with, and the industry thought leaders and now you start to actually replicate these events throughout the entire seaport. So, think of it, and again most of you know South by Southwest, I'm a big fan and an avid follower, think of it South by Southwest meets Industrial, and that is the future of this show. >> Love it, and you know, we're thrilled to be part of it. And it's palpable. You actually see now, in the seaport... You know, we were talking off camera, you can't compete with Silicon Valley or on terms with Silicon Valley does. You shouldn't even try. We're bicoastal, we have an office in Palo Alto we know it well. It's a unique vortex. But certainly, IoT, Blockchain, VR, there really is some clear innovation going on here so, if you can focus on that, you can actually really blossom an ecosystem and that's really what you're doing. >> Oh, absolutely. And, again, PTC has been headquartered here for over 25 years, they're a leader in industrial innovation. They're a company that believes in giving back. We have curated and nurtured through partnerships with Harvard Business School, with MIT Innovation Lab, etc. We have cultivated some of the greatest startups of our time right now, who are creating groundbreaking technology in IoT, in AR, that is changing the world. We're even actually doing work right now in our backyard with Boston Children's Hospital, for example. Doing incredible work with our Vuforia product in AR that's helping actually find a cure for Alzheimer's. So, again, the possibilities are endless, and the innovation is limitless. >> Well, you're the hot company right now, obviously growing very rapidly, you're kind of like the Comeback Kid. You're clearly punching above your weight. The Scott Kirsner article in the Globe was unbelieveable. >> (Devin) Thank you I know we're very... Shout out to Scott. >> And so, you got to be thrilled with that. But, what's interesting to me, Dev, is you're not... You could ride that wave, and just pump up PTC but you're doing things that will allow you to sustain this as a community member, paying it forward, you know, it's kind of a cliche, but that's what I see. Thoughts? >> A hundred percent. And, again, the way that we sort of frame LiveWorx is I want you to think of PTC as the presenting sponsor. They are an investor in the vision that this team has to carry forward the community and the movement all around industrial innovation. And again, we feel that Boston being sort of our headquarters in our backyard, it's important that we're giving back and again, furthering that opportunity to further solidify our right as a rightful heir of IoT and AR, as a city, as a community and as the state of Massachusetts. >> Dev, wondering if you could give our audience that didn't come to this event a quick flavor of what's going on, flavoring and I loved you had the Boston food trucks all right outside. They're a little warm. My friends from the west coast are like, "This isn't warm." But for Boston, it hit summer. But, give us a quick tour around what people missed. >> Yeah, so we're all about an immersive experience at LiveWorx. Again, you're going to have sort of a checklist of what you absolutely need to have at an event to sustain someone's expectations. So, the content, the networking, the value. But again, we like to take it a step further and things that I call delight moments. So, for example, this year in Extropolis, and Extropolis, for those of you at home, that is our sort of expectation shattering, ground-breaking, playground for adults in technology. So, every corner, every ounce, every inch of this show floor has something to engage, ignite the 5 senses and tell our story. And one example specifically that I love to highlight this year is I've actually created the vision with a whole slew of individuals from PTC and partners and whatnot. Something we call the X-factory. Manufacturing is one of the biggest industries in business in the world. Mostly every company at an enterprise level has some sort of manufacturing component to it. And what we wanted to do this year is create the factory of the future. Meaning, working with the leaders like McKinsey, and again HeroTech and global brands in Germany who are defining manufacturing and who founded manufacturing in our history, we have partnered with them to say, "What does that factory of the future look like? What are companies going to be doing five, ten, fifteen years from now and what can we expect?" You're getting that first at LiveWorx, which is awesome, and the whole process is "Let's not have a standard kiosk. Let's not do a laptop with a video. Let's actually build out a 20,000 square foot industrial factory with multiple stations from digital engineering to service to again, AR induced digital twins and everything else in between. And let's actually have every single attendee create, design and manufacture a smart connected product. We're working with our partner, Bell and Howell, from a shipping, service and supply chain perspective, and again, we are blowing the roof off this show on that one activation, and there's over a hundred in total throughout this entire show this week. So, that's a little bit of a flavor of LiveWorx. And beyond that, we do things, everything from a puppy daycare hour to sort of do a high tech low touch feel. We do incredible food presentations and we're going to be ending with a big bang tomorrow with our closing party called the Mix-It Six, which is one of my favorite programs the entire week. And that is actually a superhero themed event where we're actually having a guest host and a personal friend, Paul Rudd, who was the Ant Man for Marvel, he'll be hosting our event. And the whole notion around superheroes is that we tell everyone this week "Unleash your inner superhero". Take advantage of the technology that is on display, and realize how it can enable and empower you to now have superhuman powers. So, everything from AR giving you the power to see the invisible, to IoT helping you get the power to predict the future. Everything is possible and everything is creative at LiveWorx. >> Well, it's obviously working. And so, I'm sure the execs are seeing this going, "Great. Good Job. Way to go. We've got some momentum. Let's double down." But, you back up two years ago, how did you sell this to the folks? Cause we see a lot of guys like, "Alright, how many leads we going to get out. How much revenue we going to drive" How'd you get through that knothole? >> So, let's put it in this perspective. There's a lot of intrinsic and intangible ways to measure the success of a show, and the value and the impact brought to a company. One thing I would actually say, I've worked in the tech industry for over six years now, I've been in the events business for over a decade, I've worked for some of the most incredible and impressive, and media-driven startups in the world right now. PTC, though, is a very interesting ecosystem. Their executives actually embrace the notion of what I presented first and foremost, about again, industry inclusiveness as we call that term. And for us, we have a vision at PTC to be disruptive, to be ground-breaking. If we do not embrace that ourselves, as our culture and our business model, how do we hope someone else to believe in the product, and the vision and the mission that we set forth in the marketplace. >> And from that, you got a response of, "Yeah, let's do it." >> So, again, am I going to be a hundred percent honest and transparent? Was everyone embracing that a hundred percent? No. But again, I think the proof is in the pudding and I think again it's a leap of faith in saying, "Listen, take a chance. Be disruptive, and see what the product of our fruits of our labor could be." And again, here you have it three years later, triple the size of the audience, tripling the size of the success, seeing multiple customers, multiple partners multiple industry leaders now attaching themselves to this brand. So for us, LiveWorx is nothing greater than a record breaking success this year, and I'm so excited for the rest of you at home to experience on the live stream, or again check out 2019 June 10-13. >> June 10, right here. Right? >> (Devin) Right here again. >> Dev, first of all thanks so much for having The Cube here and making us a part of this awesome event and look forward to working with you in the future. Congratulations on all your success. >> Thank you so much. >> You're very welcome. By the way, check out thecube.net that's where all the videos here will be. Check out siliconangle.com all the editorial coverage. Wikibond.com is where the research is. We're a wrap here from LiveWorx day one. Dave Vellante, for Stu Miniman. Thanks so much for watching, we'll see you next time.
SUMMARY :
Brought to you by PTC. This is day one of the LiveWorx show, Oh, thank you so much for having me. and what you've created, you and the intent is to create the kickoff was in the outside of the tech bubble, if you will. we talk about the random and learn how to embrace some of the stuff we do with MIT. for where you want to take this thing? and that is the future of this show. You actually see now, in the seaport... in IoT, in AR, that is changing the world. the Globe was unbelieveable. Shout out to Scott. that will allow you to And, again, the way that that didn't come to this event and the whole process is "Let's And so, I'm sure the execs and the value and the And from that, you got a response of, the rest of you at home June 10, right here. with you in the future. all the editorial coverage.
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John White, Expedient | ZertoCON 2018
(light techno music) >> Announcer: Live from Boston, Massachusetts, it's The Cube. Covering ZertoCon 2018. Brought to you by Zerto. >> This is The Cube. We're at ZeratoCon 2018, Hines Convention Center in Boston. My name's Paul Gillin. My guest is John White, the VP of Product Strategy at Expedient. Why don't you start off by giving us just the elevator pitch on what Expedient is all about. >> Sure, Expedient is a cloud-service provider as well as managed service provider, and we also have data centers that we operate here mainly on the east coast. We have seven cities and 11 data centers. Those are in Boston here, locally as well as Baltimore, Maryland, Pittsburgh, Pennsylvania, Cleveland, Columbus, Indianapolis, and Memphis, Tennessee. And then we actually, we'll put our private cloud services really anywhere. So we actually will put 'em on the customer's premises to meet that need as well as in partner data centers anywhere over the world, if they have to deal with compliance, security, whatever it might be, we'll go and tackle those problems for them. So our goal is to be an infrastructure as a service provider for, you know, really all the enterprise. >> So, when would a company do business with you verses a Microsoft or an Amazon? >> Yeah, so, if you kind of look at really three ways to kind of go cloud, right? You can still do it yourself. You can build some cloud-based services. And that's, again, you're in it on your own. You can go all the way to the extreme, which is the AWS or the Azures, and that's more, again, you're kind of in a do-it-yourself type of mentality. And your support structure there is a little bit different. It's maybe a little bit more mechanical, a little bit more robotical. If you need help in transitioning and figuring out where your workload should sit, and maybe creating more of a hybrid cloud so it's maybe on your premises, it's inside one of our data centers, and then maybe it's even in one of those AWS or Azures. You're going to work with a company like Expedient to go and help you figure out where you should put your workloads, first off. And then how to create that long-term strategy so you get the best of all worlds that are out there, not just one prescriptive cloud. >> So, you're kind of a high-touch cloud provider then. >> Very, very high touch, yeah. Our whole product service is actually a la carte menus. So you pick and choose what you want. We can manage servers, we can provide virtual infrastructure, we can do things like DR as a service, backups as a service, all those pieces. So you build, basically, your perfect IT strategy with us. And then direct connects into AWS and Azure and some other cool products coming soon to kind of make your life a little bit easier, consuming and running your work loads in public clouds. >> Well we hear a lot these days about multi-cloud, about customers wanting to shift their work load seamlessly around between multiple back-end cloud providers. Certainly vendors talk about that a lot. Do you hear customers talking about it? >> Yeah, we have some customers starting to talk about it. And, you know, in the beginning, they just wanted to see, okay, I'm running workloads in AWS, I'm running workloads in Expedient, I'm multi-cloud. And then they start to understand. well, our management's really hard. And the network's really hard, and the security's really hard. And we're doing backups another way than we've done it traditionally. And we're helping customers bridge that gap and saying, we can take some of the security policies that we've been running internally in our data center, and maybe you've been doing inside your data center, and take those out into the public cloud. Simplifying things with networking. We're a pretty big VM or NXS shop. So doing something where you can create tagging and policies local inside the Expedient data center, and then being able to translate those up into AWS and Azure, to make it, basically, one seamless network, is really, really big and key for our customers. It's something that I think is still new. We have a handful of customers that we're working on a lot of cool research projects on. But I think it's going to be something that's going to be the dominant force here in the next few years. >> You mention disaster recovery as a service. Now is that where Zerto fits into your plan? >> Correct, yeah. We've been working with Zerto for quite some time now really since they were just comin' to Boston. And we worked and spent a ton of time with them getting them to understand the needs of service providers, 'cause they were traditionally enterprise focused. And that partnership that we've built over the years has done tremendous value for not only our customers but our businesses. And we've actually had two year-over-year growth for the last three years with them. And actually, we just won the Service Partner Growth Partner of the Year Award with them. So we're creating some pretty cool solutions around DR as a service, and taking some of our network background and actually simplifying DR for our customers that way. So, we use Zerto as well as VM Ware, and some of our own product connectivity, NSX, to actually simplify the package of DR to get the recovery time objective down into 10, 15 minutes, instead of four hours or eight hours or multiple days that really most people are experiencing right now. >> So when you look at the landscape, there are a lot of disaster recovery solution providers you could've worked with. What does Zerto do that's really different? >> The part, well, on a technology wise, watching them take a look at the change block that's occurring that's out of the VM1 environment, making an agnostic from a storage layer, that was really big for us in the beginning on the technical tip-in. And then the partnership, as of late, really since the beginning, was the big value differentiator that we just couldn't find in other companies that're out there. We locked arms with their product management team and their product strategy team right away. We gave them literally two sheets of paper and said these are the things we need to be successful as a service provider using your software. They went down, checked 'em all off. We started goin' at it, and we started then growing that year-over-year for the last three years. So, it's been an amazing partnership. They have a strategic team that understands where the marketing industry's going. And we're going to use them, and leverage them, as much as we possibly can to help out our customers, give 'em the best outcomes they can possibly get. >> When your customers talk to you about backup, where do you see them going? Where is that market headed? >> So backup, traditional backup is something we've been doin' for quite some time. We do petabytes of backups every year for customers. Still using tape, believe it or not, as well. We have a lot of discs-- >> Tape will never die. >> Tape is still out there. I actually have a bumper sticker that I think EMC made when they bought Avamar saying Tape is Dead. And I don't think it's going to die anytime soon. >> Mainframe was dead, too. >> Yeah, right, mainframe has been dead and we still roll new ones into our data centers on a regular basis and then put cloud beside it. But on the backup side of it, if you look at some of the new disasters, right? Look at Atlanta. Their disaster was different. It wasn't a natural disaster, it was a-- >> Radsomeware attack. >> Ransomeware attack. Right, that's a new disaster. We're going to find new disasters, and you can't go and restore back from 24 hours ago and think that that's good. We don't live in that world anymore. It needs to be from five minutes, seven minutes, 30 minutes, whatever it might be. So, we use their journaling today to actually get those quick recoveries. And if they can extend that out, I think it's going to be pretty powerful for customers to say, okay, I want to go back to two years, three days, and six hours from now. And say, gimme that point in time, snap. That's the way I want to actually restore that data. Succeeding in that vision I think will definitely change the game for how we actually look at doing backup and restores in the future. >> A lot of talk at this conference about resilience. >> John: Um hmm. >> Is that a concept that you think customers, your customers, have really internalized? They understand what that means? >> They're getting it, yeah, definitely. I mean, DR even was something that we had to kind of walk them into. But now, if they have an outage, it's not just money that they're losing. It's the reputation. And as we all know now, reputation is key. And you look at Twitter. When somebody has an outage, or has a problem, I mean, their users essentially just blow 'em up and there's memes and all kinds of other stuff. There's a lot of funny ones for the airlines, from Delta and Southwest havin' those challenges. And so, our customers today are realizing that yeah, we can't go a day or two without having service to our customers. We can maybe go a minute or two, but that's about it. We need to make sure we're being resilient with our data. We need to make sure we're protecting it, we'll be able to create ways to quickly roll it back to make sure our customers are up on line. Because they just can't go down anymore. >> How important is security as a driver of resilience and spending on disaster recovery now? >> Yeah, security is definitely, with being able to quickly restore from like a ransomware, it's startin' to bring that infrastructure that has been, security's been a little different there, and where network security's been a little bit different, kind of bringing them together to create, say, we need to have a full package. We not only need to figure out how we're blocking it at the edge and blocking it internally east west, but we need to figure out, if we're going to get breached, 'cause we're going to get breached, how can we quickly restore from that? How can we make sure we're not being held ransom for Bitcoin or whatever the next currency's going to be that they're going to be held ransom for that they just can't pay because maybe it would knock them out of business. >> So, John, Expedient, being a small, specialized cloud service provider, you're kind of dancing with elephants when you're out there with Amazon and Microsoft. What's the secret? What keeps you guys successful and how do you keep viable? >> There's a lot of different things. I think the way we focus on technologies is a little bit unique. I mean, we're there to design the best technical solution for that customer. And not maybe fit them into a one-size-fits-all outfit. The other side of it is, a lot of our customers like the local touch and feel. Majority of our customers are at and around our data centers. That way they can get to learn the facility, they can, even if they're running cloud services with us, they know where it lives. That maybe eases their minds from a compliance standpoint, security standpoint. Or just in a trust, saying, I'm going to take my data that's been living inside of my data center, that's key to my business, and I'm going to give it to somebody, I at least want a face and a name so I can know who to call and who to talk to if there is ever a problem. >> Face to face still matters. >> It does, and I think it's always going to matter. And I think we're always going to have some sort of high interaction with every enterprise out there. And that's what they're going to need. 'Cause this stuff can never commoditize all the way. Creating the solution is still hard. Maybe the bits and pieces underneath it are a little bit easier, but the whole packages is going to always be unique and really hard to define in a one-size-fits-all for a lot of those enterprises. >> John White, thanks so much for joining us. >> Thanks for having me. >> We'll be back from Zertocon 2018 here in Boston. I'm Paul Gillin, this is The Cube. (light techno music)
SUMMARY :
Brought to you by Zerto. just the elevator pitch on what the customer's premises to meet that need And then how to create that long-term strategy to kind of make your life a little bit easier, Well we hear a lot these days about multi-cloud, And then they start to understand. Now is that where Zerto fits into your plan? Service Partner Growth Partner of the Year Award with them. So when you look at the landscape, and said these are the things we need We have a lot of discs-- And I don't think it's going to die anytime soon. But on the backup side of it, I think it's going to be pretty powerful We need to make sure we're being resilient We not only need to figure out how we're and how do you keep viable? a lot of our customers like the local touch and feel. and really hard to define in a We'll be back from Zertocon 2018 here in Boston.
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Henry Canaday, Aviation Week and Space Technology & Scott Helmer, IFS | IFS World 2018
>> Announcer: Live from Atlanta, Georgia, it's theCUBE, covering IFS World Conference 2018. Brought to you by IFS. >> Welcome back to theCUBE's live coverage of IFS World Conference here in Atalanta, Georgia. I'm Rebecca Knight, your host along with my co-host, Jeff Frick. It is late in the day here, the reception is about to start, the drinks are flowing, but we are still interviewing guests, and we've got a great panel right now. Joining us is Scott Helmer. He is the Senior Vice President at the Aviation and Business Defense Unit at IFS, and Henry Canaday, who is a contributing editor at Aviation Week. Thank you both so much for joining us. >> Thanks for having us. >> I wonder if you could walk our viewers a little bit through the idea, where does aviation and defense sit within the IFS business strategy? >> I'm happy to answer that. I think our new CEO of IFS, Darren Roos, has been very clear that there are three things that IFS will be best at. Number one, we will be best at mid-market ERP in those vertical markets that we care about. We will be number one in field service management. And we will be number one in maintenance management solutions in aviation and defense. So aviation and defense is one of the pillars on which IFS's strategy is currently based, and we have formed a global business unit inside of IFS that is specifically responsible, it's a 300 person strong team that is responsible for distributing a comprehensive portfolio of A and D solutions to the A and D market globally. >> What are the some of the biggest challenges that you're setting out to solve for your customers? >> Also a good question. We address the full range of management solution capability across A and D. So whether you're an operator in commercial or defense sector, or whether you're an inservice support provider, we provide solutions and support, all of your MRO capabilities, some of your performance-based logistics requirements, some of your supply chain requirements. Basically leveraging the core processes that IFS is differentiated around. Those being manufacturing, asset and service management, supply chain and project management. >> What's special about aviation and defense that's not been marketed or service delivery, which captures a lot of industry verticals, but the fact that you guys got carved out as a separate vertical, what are some of those unique challenges? >> What is chiefly unique about aviation and defense is the overall complexity in the marketplace. You're talking about very very complex capital intense of mobile assets, where managing the maintenance obligations in order to maintain the availability of the aircraft is under the scrutiny of compliance and is required to be done efficiently, without compromising safety. >> Not to mention the fact, your assets are flying all over the world, so they might not necessarily be able just to roll into the maintenance yard at the end of a bad day. >> And they're large and expensive, that's for sure. >> (laughs) Large and expensive. >> Henry, you've been covering the aviation industry for more than 20 years now. What do you see as the biggest trends, biggest concerns that a company like IFS is trying to grapple with right now, in terms of servicing its clients? >> Well the interesting thing about the airline industry is that it technically in many areas it's extremely advanced and very fast moving industry. In selling tickets, the industry has been going through a continual IT revolution for the last 20 years. Things like giving you notices about when your planes arrive and stuff like that. Very fast moving, changing all the time. But this is stuff, it's just money. There's no safety involved, so they can take chances, if they get it 99% right, they make enough money, they can solve the one percent errors. The problem with maintenance is it's messy, it's complex as Scott says. It's also safety critical. They can't screw it up one tenth of one percent of the time. They've been very, very cautious and very, very slow, and they look sluggish and stagnant on the maintenance side. But fortunately, now, especially the U.S. airlines are making some good money, so there's actually an opportunity for companies like IFS to come in here and really reform the maintenance program. >> We cover a lot of autonomous vehicle shows. Autonomous vehicles are coming. Obviously, a big element of autonomous vehicles will ultimately be safety. One of the things that comes up over and over again, if you look at the number of accidents, the fatalities that happen on our streets, compared to what happens in aviation, if a week on the streets happened at a week in the aviation industry, the planes would be shut down. >> Scott: There'd be no aviation. >> The threshold that you guys have to achieve in terms of safety is second to none. I don't know if there's anything even close, especially in terms of volume of people, and then, oh by the way, everyone globally is getting richer, so the amount of passenger flow. I don't know if you can speak to that in terms of the growth of passenger miles, I imagine is the metric, continues to explode. >> You've had basically 18 straight years without a fatal crash by a major American airline. That's unheard of, that's unheard of. We used to have one crash a year up till around 2000. Every time somebody annoys me with customer service in an airline, I think of this, they're doing the important stuff right, so I don't care. (laughs) >> Very well. >> Right. >> And, then do you think the efficiency, right? At least here domestically, I always think of Southwest, 'cause they were the first ones that really had fast turns, and they raced to the gate, they raced back out of the gate, in terms of really trying to get the maximum efficiency out of those assets. The pressure there, in translating to the other airlines is pretty significant to make sure you're really getting a high ROI. >> That's absolutely right. Again one of the levels of complexity that we were discussing. Certainly airlines are being forced to finally introduce some change into their maintenance operations, as the increasingly complex assets are part of the re-fleeting, as that faster traffic continues to grow. It's about both achieving greater efficiency in maintenance operations, not only without compromising safety, but ensuring the availability of that asset. Because revenue dollars still matter greatly, and those assets are your revenue producing assets that an airline has. >> Can you describe your approach in terms of of how you work together with your clients, the airlines, in terms of developing new products and new features. >> One of the unique characteristics about aviation and defense is not only the size of the client, but the length and duration of the relationships. So, we have a long and rich history, both at IFS and through the acquired MXI technologies, of working with our partners in their programs over the very long term. As much as we have domain expertise and a sizable team of domain experts inside of our business, we're able to recognize our partners that are visionaries in the industry, and we have established multiple levels of collaboration to involve them in the shaping of solution capability to support their businesses going forward. We are just launching today two new planning applications that were not only being launched with American Airlines and LATAM Airlines respectively, but were co-developed with subject matter experts at each. So they're tremendously valuable inputs into shaping our vision of what solutions are going to best drive business value for our customers over a very long relationship horizon. >> So, what have you unpack at MXI acquisition, what did that give you that you didn't have before and what's the total solution now? >> Certainly, I joined IFS through the MXI acquisition. I was previously it's Chief Operating Officer. MXI was focused on best of breed MRO capability for both defense and service port providers, as well as commercial airlines. In combining with IFS, that had a rich history in A and D, we now have the most comprehensive solution portfolio available on the market today. We are the only vendor that can provide best of breed capability, integrated into an end to end enterprise landscape, and we've got the team of subject matter experts or domain experts that are capable of delivering that value, not just the product, but the solution to the customers across all the segments of A and D. >> Just to be clear, your defense is more than aviation. I saw a military truck over on the expo hall, so it's assets beyond just airplanes when it comes to defense. >> Correct, we support on the defense side of things. We support multiple platforms, whether they're fighter jets, whether they're cargo carriers, whether they tanks, whether they're ships, we support for the operators, the offset optimization, performance based logistics, security, et cetera. For the in-service port providers, we similarly support supply chain requirements, MRO requirements, et cetera. >> Henry, as you look forward, you've been covering this space for a while, what are some big, new things coming down the road in the aviation industry that we should be looking for, 'cause we haven't seen a lot of big things from the outside looking in. I guess we had the next generation fighter planes, and then we had obviously the A380 and the 787 on the commercial side. What's new and coming that you're excited about? >> Well, technology changes slowly in commercial aviation, because of the safety aspect. The big, new things are the new aircraft, the 787 and the A350. They are really new generation aircraft, lot more composites, plastics if you will. They're using that instead of aluminum. The other things that's happening is additive manufacturing, this whole printing parts. That's real big, and I've been telling everybody the new Boeing 787 has two printed parts, one made by GE, $120 billion a year. The other made by a company called Norsk Titanium, with 140 people coming out of Norway, which is not exactly the center of innovation in aerospace programs. >> Jeff: With a printed part, like a 3D printed part? >> Yeah a printed part. Those are the two big changes in the aircraft. I mean, customers aren't going to see it, but these planes are now made largely of plastics and the metal parts are going to be more and more printed. Much more efficient way, lighter aircraft, less fuel use, more efficient, less environmental effects, etc. That's a big deal. More important than a huge airplane. >> Right, well I can imagine, we hear about the impacts of 3D printing. I haven't really seen it yet, but this vision where your ability to print parts on demand will have significant impacts on supply chains and inventory and huge, huge impacts down the road. >> And the airline industry is the most demanding. They've go to go through really massive proofs of concept and proof of materials, and it's starting to happen. >> Henry, what would you say is the most important area that IFS should focus on. If they can solve one problem in the airline industry, what do you think it should be? >> Availability would be one. Just aircraft availability, that's what. The airlines are concerned about two things. Dollar cost per flight hour to maintain and what they call a technical dispatch reliability. They want to get that plane launched 99.99% of the time. Get rid of the unpredictive maintenance problems. Schedule everything, make it quick, I want to get the planes off on time. >> It's amazing that unscheduled maintenance, regardless of industry, still continues to be such a bug-a-boo to productivity and profitability. It's one of these things that just has huge impact. >> I would completely agree with Henry. I think asset availability is the number one focus for commercial operators. Our focus has certainly been around trying to remove the impacts of unscheduled maintenance. One of the applications that we launched today allows you to react very, very quickly to unplanned or unscheduled maintenance events, and to do some what-if modeling, so that you can implement the best plan for your fleet, in order to maximize the availability of that asset. Not just in terms of bolstering or producing a better plan. We're attempting to do that even with line planning, where we're adjusting the traditional planning perimeters away from what must be done to what should be done in order to maximize the availability of that aircraft. Of course, as Henry said, everybody's focused on faster, tighter turnaround times. All of our software is designed to try and drive tighter turnaround times and greater efficiency. >> What percentage is scheduled versus predictive versus prescriptive? Maintenance. >> I think it varies by airline. The great majority of maintenance is scheduled, I mean, there's no doubt about that. They put these aircraft down for a week or a month. It's a massive amount of money. It's not the amount of maintenance, it's when unscheduled maintenance happens, it really throws things off. It may only be one or two percent of the maintenance tasks are unscheduled, but that's what throws the aircraft off the schedule. That's what leaves passengers sitting in the departure lounges, ticked off. Not getting there till the next day or the next week, whenever, so it's a very, very small percentage, these unscheduled maintenance events, but it's crucial to the airlines' economics. >> Exactly. Crucial to our itineraries, as well, as the economics. Exactly. >> Making sure that the airlines continue to do what they do best, which is get us from place A to place B. >> Precisely. Well, Scott Henry, thank you so much, it's been a really fun conversation. >> I enjoyed being here, thank you. >> Jeff: Thank you. >> Thanks, Henry. >> Thanks. >> We will have more from theCUBE's live coverage of IFS World Conference just after this. (digital music)
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John Hartigan, Intiva Health | Blockchain Unbound 2018
>> Announcer: Live from San Juan, Puerto Rico, it's theCUBE covering Blockchain Unbound. Brought to you buy Blockchain Industries. (upbeat music) >> Hello everyone, welcome to our exclusive coverage here in Puerto Rico with theCUBE on the ground for extensive two days of coverage for Blockchain Unbound in Puerto Rico where all the action is. It's a global conference where investors, entrepreneurs, thought leaders are all coming together to check out the future and set the agenda for Blockchain cryptocurrency and the decentralized internet. My next guest is John Hartigan, Executive Vice President in Intiva Health. Welcome to theCUBE. >> Thank you. >> So we were talking yesterday with Hash-Craft, CTO, you guys are part of that ecosystem, you guys are doing some of these things with health. Take a minute to explain what you guys are working on and your value proposition. >> Sure, so, Intiva Health is a career and credential management platform for physicians and all licensed medical professionals, and it streamlines and automates the credential management process that they have to go through every time that they either change positions or take on temporary work. And the Hash-Craft integration is allowing us to do instantaneous credential verification. Currently the state of affairs in the granting of privileges at a particular hospital or a facility can take literally weeks and in some cases months to complete. It's a very analog process, and with our integration with Hash-Craft, it will take seconds. >> So I was watching The New York Times today, an our Wall Street Journal article about verification of work history. This Blockchain is certainly a good example of that, but you're now getting it into more of health, what is the use case, what's the low hanging fruit that you guys are going after with your solution, and how does that evolve and how you see that evolving? >> Well, so, like I mentioned, the current verification process for the granting of privileges in a hospital setting, it is pretty much unchanged since the 1950s. The internet helps a lot but what you're talking about is somebody getting a credential paper file with 25 or 30 documents, and opening the file and picking up the phone and calling, and verifying the reputation and provenance of that particular physician. And it's truly a bureaucratic nightmare. It's red tape to the nth degree. And so that represents thousands and hundreds of thousands of hours and billions and billions of dollars in waste that could be reallocated to better patient care for example. >> The big use case we're seeing education, the workplace, but now healthcare. I see a perfect storm for innovation. Healthcare is not known for moving fast. >> John: Correct. >> HIPAA regulations in the past couple decades really put a damper on data sharing for privacy reasons. At that time it seemed like a good call. Has things like HIPAA, has the cloud computing model opened up new avenues for health because everyone wants great healthcare, but the data is stuck in some silo, database. >> Database, absolutely. >> That's the problem. >> That's absolutely a problem. >> So what's your reaction to that? >> So the approach that we're seeing a lot of organizations take is they are attempting to go after the EHRs and the EMRs, the Electronic Health Records for Patients. Of course that is something that needs to be fixed. However the medical space is truly influenced, the main stakeholders are the physicians. They sit on all the committees, they run all the budgets, they make the policy. So it's imperative that we address the physicians and get their buy into any kind of significant change. And what you're seeing now is states, as well as other organizations including the federal medical board, the Federal Association of Medical Boards, as well as the State of Illinois, Wyoming is here, as a matter of fact, representing, and they are all looking at Blockchain solutions for this verification problem for the medical space and remaining HIPAA compliant. >> Let's talk about security because hospitals and healthcare organizations have been really good targets for ransomware. >> John: Absolutely. >> And so we're seeing that mainly because their IT systems have been kind of ancient in some cases, but they're right in the target of, they don't have a lot of IT support. One of the things about Blockchain, it makes these things immutability. So is that something that is on the radar, and how is, I mean, not necessarily ransomware, that's one example of many security issues 'cause you got Internet of Things, you have a slew of cloud-edge technologies-- >> John: Yes. >> That are emerging, that opened up a surface area for a text. So what's your thoughts on that? >> So, as you mentioned, the traditional models have been layered on top of each other overtime. It's a patchwork situation. And because it's a patchwork situation, there is vulnerabilities all over the place, in facilities a lot of times. And besides that, the medical space is probably 10 years behind the times when it comes to technology, maybe five at a minimum. The model that we're using, you mentioned earlier that there are siloed information in these different facilities and hospitals, and that's absolutely true. So all of that information, you have facility A, facility B, facility C, they all have information on one particular provider or physician, but they don't talk to each, and that information is at different levels of accuracy and timeliness, you mentioned time and date stamps. So our model works where the information follows the provider, okay, it's all built around the provider themselves, and then the individual facilities can tap into that information, and also they can influence the information, they can update it. So everybody will then be talking to each other in an anonymous fashion around the one provider updating that information and making it the most accurate in the market, and we get away from the old SaaS model. >> Before we deep dive in here, I'm going to ask you one more thing around as you walked into healthcare providers and then the healthcare industry, you're a different breed, you have Blockchain, you got different solution, the conversation that they're having is, let's put a data leg out there, again, centralized data leg. ISPs are doing that. We know with cybersecurity, any time you have centralized data resources, it's just an easier target to hack. >> John: Correct. >> So it's clear that centralized is not going to be the ideal architecture, and this entire movement is based upon the principles of decentralized data. >> John: Yes. >> So what's it like when you go in there? It must be like, do you have like three heads to them? Or are you like a martian, you're like speaking some foreign language? I mean what is it like, are there people receptive to what you talk about? Talk about some of the experiences you had when you walked in the door and knocked on the front door and walked in and talked to them. >> So it is an interesting situation. When I speak with CEOs and when I speak with COOs, they understand that they're vulnerable when it comes to their data, and they understand how expensive it is if, for example, if they have a HIPAA breach, it's $10,000 per occurrence. Now that means if somebody texts patient information to somebody else on a normal phone, that $10,000 every time that happens, okay. And so if it's a major data breach, and a record of files if they have 50,000 files lost, I mean it could be a killing, a business killing event under the right circumstances. So I tried to educate them about-- >> Do they look at Blockchain as a solution there? Or are they scratching their heads, kicking the tires? What's the reaction? >> They're interested, they don't understand exactly how we can apply Blockchain, and we're trying to educate them as to how that is, we are capable of doing so. We're explaining about the vast security improvements by decentralizing the information, and they are receptive, they're just reticent because they're very, tend to be more conservative. So as these organizations like the State of Illinois and the Federal Association of Medical Boards, as they start to adopt the hospitals and facilities, they're starting to look in and oh say, "Hey, this is a real thing, "and there may be a real application here." >> Talk about your business, you market, you go on after obviously healthcare, product specifically in the business model, where are you guys? How big are you? Are you funded? Are you doing an ICO? How are you using token economics? How is it working? Give us a status on the company. >> Sure, so, we've been in business for approximately two years. We're a funded startup out of Austin, Texas. We are born actually out of a practice management company which is an important point because a technology company trying to solve this problem would really struggle because there is a lot of bureaucracy, there's a lot of nuance in how the system operates because it is evolved overtime. So that gives us a very significant advantage. We have an operating platform that has been out for a little over a year now, and we have thousands and thousands of physicians and other licensed medical professionals that use the platform now. >> Are they paying customers or are they just users? >> No, so the model works like this, it's free to the providers, it's also free to the facilities and medical groups, and so we allow that platform, that utility for them to use. How we monetize is we have other curated goods and services for the providers along their career journey. So, for example, continuing medical education. All providers are required to take so many units a year, and we have a very robust online library of CME. And we also have partnerships with medical malpractice organizations. >> So it's a premium model. You get them using the platform. >> Correct, that's right. >> Where does tokens fit in? Where does the cryptocurrency fit in? Do you have a token as a utility, obviously, it's a utility token. I mean explain the model. >> Correct. Yeah so we just announced last Friday. in South by Southwest that we are launching a token, a utility token, and it'll go on sale April 19th. And basically how it works is the providers, the physicians will earn tokens by taking actions in the platform that update their data for example, or if they look for a job on our platform, or if they do different tasks in the platform that improve the veracity of their data, and then they will be able to use those tokens to purchase the continuing medical education courses, travel courses, medical malpractice insurance, a number of different resources. >> Token will monitor behavior, engage behavior, and then a two-sided marketplace for clearing house. >> Exactly. >> How does the token go up in value? >> We have multiple partners that are involved, so the partners will be also purchasing advertising time, or it's a sponsorship model, so they'll be able to sponsor within the platform. So the more partners we bring in, the more providers we have, the value-- >> So suppliers, people who want to reach those guys. So >> Exactly. >> You get the coins, you see who's doing what. You get a vibe on who's active and then >> Exactly. That's a signal to potential people who want to buy coins. >> Yeah, and when we announced that we were doing this token, we had multiple partners that we have been in business with for the last two years, saying, "We want in, we want to do this, "we want to get involved." Oh another thing that we're doing with the token, we have an exclusive relationship with the National Osteoporosis Foundation, and we put forth to them that we would like to set them up with a crypto wallet so that they can accept donations, and then we would also match those donations up to a certain point that they receive in crypto. So we want to help our organizations, our not-for-profits by facilitating crypto acceptance. >> So talk about your relationship with Hash-Craft. It's two days old but it's been around for two years, they announced a couple days ago. It got good feedback, a lot of developers are using it. It's not a theorem but that's the compatibility to a theorem. You're betting on that platform. How long have you worked with these guys, and why the bet on Hash-Craft? >> So we were looking at Blockchain Technologies about two years ago because we realized, as you mentioned earlier, the security issues we have. We have to be very aware of the type of data that we're holding. So at the time though, there were significant issues with speed, significant issues with storage, and how it would work by actually putting a credential packet into Blockchain, and the technology frankly just wasn't there, and so we started looking for alternatives. Thankfully we were in Texas, and we happened to run into Hash-Craft, and they explained what they were doing, and we thought this must be too good to be true. It checked off all of our boxes. And we had multiple conversations about how we would actually execute an integration into our current platform with Hash-Craft. So we've been in talks with them for, I think, a little over five or six months, and we will actually, it looks like be one of the very first applications on the market integrating Hash-Craft. >> It's interesting, they don't really have a Blockchain-based solution, it's a DAG, a directed acyclic graphic model. Did that bother you guys? You don't care, it's plumbing. I mean does it matter? >> So actually the way that it is established, it has all of the benefits of Blockchain, and none of the fat and sugar, so to speak. I mean there are a number of things that they do that Blockchain-- >> You mean performance issues and security? >> Performance, speed is a big one, but also fairness on the date and timestamps, because with the verification system, you have to prove, you have to be able to prove and show that this date and timestamp is immutable, and that it has been established in a fair manner. And they have been able to solve that problem, where the Blockchain model, there is still some question about, if you have some bad actors in there, they can significantly influence the date and timestamps. And that was very significant for our model. >> Alright, well, congratulations. What's next for the company? What are you guys doing? What's the plan, what's the team like? Well, excited obviously. What's next? >> So we are going to be announcing some very big partnerships that we've established here late spring. I was hoping to do it here now, however we've-- >> Come on, break it out then. >> I would like to but I have to be careful. So we have some big partnerships we're going to be announcing, and of course we have the token sale coming up so there'll be a big-- >> Host: When is that sale happening? >> So it starts April 19th, and it'll run for about six weeks. >> What's the hard cap and soft cap? >> Yeah, we prefer not to talk about that, but let's say, soft cap, about 12 million. And we have some interested parties that want to do more, and so we're looking at what our best options are as far as setting the value to the token, and what the partnerships that are going to significantly impact it will be. >> Well, great job, congratulations. One of the big concerns to this market is scams versus legit, and you're starting to see clearly that this is a year, flight to quality, where real businesses are tokenizing for real reasons, to scale, provide value. You guys are a great example of that. Thanks for sharing that information. >> We're really excited, and it's very exciting to bring this to the healthcare space which is, as we said, conservative and somewhat traditional. And we believe that we will be setting the standard moving forward for primary source verification. >> And you can just summarize the main problem that you solve. >> Yeah, it is that analog primary source verification of the credential documents, and when our platform goes live, we will literally be putting hours of time a day, something like eight hours back into the providers' lives, and back to the money of that, associated with that back to their pockets, which we hope translates into better patient care. >> So verification trust and they save time. >> John: Absolutely. >> It's always a good thing when you can reduce the steps to do something, save time, make it easy. That's a business model of success. >> Absolutely and more secure. >> John Hatigan, who's with Intiva, Executive Vice President from Austin, Texas here in Puerto Rico for theCUBE coverage. Day Two of two days of live coverage here in Puerto Rico, I'm John Furrier with theCUBE host. We'll be back with more live coverage after this short break. (upbeat music)
SUMMARY :
Brought to you buy Blockchain Industries. and set the agenda for So we were talking that they have to go and how does that evolve and and opening the file and picking the workplace, but now healthcare. but the data is stuck in some silo, So it's imperative that we have been really good So is that something that is on the radar, that opened up a surface area for a text. and that information the conversation that they're having is, So it's clear that centralized and knocked on the front door and they understand how expensive it is and the Federal Association in the business model, and we have thousands and and so we allow that platform, So it's a premium model. I mean explain the model. that improve the veracity of their data, and then a two-sided marketplace So the more partners we bring in, So suppliers, people who You get the coins, That's a signal to potential and then we would also but that's the compatibility to a theorem. and the technology Did that bother you guys? and none of the fat and that it has been What's the plan, what's the team like? So we are going to be and of course we have and it'll run for about six weeks. as far as setting the value to the token, One of the big concerns to this market be setting the standard the main problem that you solve. and back to the money of that, and they save time. That's a business model of success. Day Two of two days of live
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