(bright upbeat music) >> Okay, welcome back everyone to the live CUBE coverage here in Las Vegas for in-person AWS re:Invent 2021. I'm John Furrier host of theCUBE two sets, live wall to wall coverage, all scopes of the hybrid events. Well, great stuff online. That was too much information to consume, but ultimately as usual, great show of new innovation for startups and for large enterprises. We've got a great guest, Paul Duffy head of startups Solutions Architecture for North America for Amazon Web Services. Paul, thanks for coming on. Appreciate it. >> Hi John, good to be here. >> So we saw you last night, we were chatting kind of about the show in general, but also about start ups. Everyone knows I'm a big startup fan and big founder myself, and we talk, I'm pro startups, everyone loves startups. Amazon, the first real customers were developers doing startups. And we know the big unicorns out there now all started on AWS. So Amazon was like a dream for the startup because before Amazon, you had to provision the server, you put in the Colo, you need a system administrator, welcome to EC2. Goodness is there, the rest is history. >> Yeah. >> The legacy and the startups is pretty deep. >> Yeah, you made the right point. I've done it myself. I co-founded a startup in about 2007, 2008. And before we even knew whether we had any kind of product market fit, we were racking the servers and doing all that kind of stuff. So yeah, completely changed it. >> And it's hard too with the new technology now finding someone to actually, I remember when we stood with our first Hadoop and we ran a solar search engine. I couldn't even find anyone to manage it. Because if you knew Hadoop back then, you were working at Facebook or Hyperscaler. So you guys have all this technology coming out, so provisioning and doing the heavy lifting for start is a huge win. That's kind of known, everyone knows that. So that's cool. What are you guys doing now because now you've got large enterprises trying to beat like startups. You got startups coming in with huge white spaces out there in the market. Jerry Chen from Greylock, and it was only yesterday we talked extensively about the net new opportunities in the Cloud that are out there. And now you see companies like Goldman Sachs have super cloud. So there's tons of growth. >> Paul: Yeah. >> Take us through the white space. How do you guys see startups taking advantage of AWS to a whole another level. >> And I think it's very interesting when you look at how things have changed in those kind of 15 years. The old world's horrible, you had to do all this provisioning. And then with AWS, Adam Szalecki was talking in his keynote on the first day of the event where people used to think it was just good for startups. Now for startups, it was this kind of obvious thing because they didn't have any legacy, they didn't have any data centers, they didn't have necessarily a large team and be able to do this thing with no commitment. Spin up a server with an API call was really the revolutionary thing. In that time, 15 years later, startups still have the same kind of urgency. They're constrained by time, they're constrained by money, they're constrained by the engineering talent they have. When you hear some of the announcements this week, or you look what is kind of the building blocks available to those startups. That I think is where it's become revolutionary. So you take a startup in 2011, 2012, and they were trying to build something maybe they were trying to do image recognition on forms for example, and they could build that. But they had to build the whole thing in the cloud. We had infrastructure, we had database stuff, but they would have to do all of the kind of the stuff on top of that. Now you look at some of the kind of the AIML services we have things like Textract, and they could just take that service off the shelf. We've got one startup in Canada called Chisel AI. They're trying to disrupt the insurance industry, and they could just use these services like text extracts to just accelerate them getting into that product market fit instead of having to do this undifferentiated (indistinct). >> Paul, we talk about, I remember back in the day when Web Services and service oriented architecture, building blocks, decoupling APIs, all that's now so real and so excellent, but you brought up a great point, Glue layers had to be built. Now you have with the scale of Amazon Web Services, things we're learning from other companies. It reminds me of the open source vibe where you stand on the shoulders of others to get success. And there's a lot of new things coming out that startups don't have to do because startup before then did. This is like a new, cool thing. It's a whole nother level. >> Yeah, and I think it's a real standing on the shoulders of giants kind of thing. And if you just unpick, like in Verna's announcement this morning, his key to this one, he was talking about the Amplify Studio kind of stuff. And if you think about the before and after for that, front-end developers have had to do this stuff for a long period of time. And in the before version, they would have to do all that kind of integration work, which isn't really what they want to spend that time doing. And now they've kind of got that headstart. Andy Jassy famously would say, when he talked about building AWS, that there is no compression algorithm for experience. I like to kind of misuse that phrase for what we try to do for startups is provide these compression algorithms. So instead of having say, hire a larger engineering team to just do this kind of crafty stuff, they can just take the thing and kind of get from naught to 60 (indistinct). >> Gives some examples today of where this is playing out in real time. What kinds of new compression algorithms can startups leverage that they couldn't get before what's new that's available? >> I think you see it across all parts of the stack. I mean, you could just take it out of a database thing, like in the old days, if you wanted to start, and you had the dream that every startup has, of getting to kind of hyper scale where things bursting that seems is the problem. If you wanted to do that in the database layer back in the day, you would probably have to provision most of that database stuff yourself. And then when you get to some kind of limiting factor, you've got to do that work where all you're really wanting to do is try and add more features to your application. Or whether you've got services like Aurora where that will do all of that kind of scaling from a storage point of view. And it gives that startup the way to stand on the shoulders of giants, all the same kind of thing. You want to do some kind of identity, say you're doing a kind of a dog walking marketplace or something like that. So one of the things that you need to do for the kind of the payments thing is some kind of identity verification. In the old days, you would have to have gone pulled all those premises together to do the stuff that would look at people's ID and so on. Now, people can take things like Textracts for example, to look at those forms and do that kind of stuff. And you can kind of pick that story in all of these different stream lines whether it's compute stuff, whether it's database, whether it's high-level AIML stuff, whether it's stuff like amplify, which just massively compresses that timeframe for the startup. >> So, first of all, I'm totally loving this 'cause this is just an example of how evolution works. But if I'm a startup, one of the big things I would think about, and you're a founder, you know this, opportunity recognition is one thing, opportunity capture is another. So moving fast is what nimble startups do. Maybe there's a little bit of technical debt. There maybe a little bit of model debt, but they can get beach head quickly. Startups can move fast, that's the benefit. So where do I learn if I'm a startup founder about where all these pieces are? Is there a place that you guys are providing? Is there use cases where founders can just come in and get the best of the best composable cloud? How do I stand up something quickly to get going that I could regain and refactor later, but not take on too much technical debt or just actually have new building blocks. Where are all these tools? >> I'm really glad you asked that one. So, I mean, first startups is the core of what everyone in my team does. And most of the people we hire, well, they all have a passion for startups. Some have been former founders, some have been former CTOs, some have come to the passion from a different kind of thing. And they understand the needs of startups. And when you started to talk about technical debt, one of the balances that startups have always got to get right, is you're not building for 10 years down the line. You're building to get yourself often to the next milestone to get the next set of customers, for example. And so we're not trying to do the sort of the perfect anonymity of good things. >> I (indistinct) conception of startups. You don't need that, you just got to get the marketplace. >> Yeah, and how we try to do that is we've got a program called Activate and Activate gives startup founders either things like AWS credits up to a hundred thousand dollars in credits. It gives them other technical capabilities as well. So we have a part of the console, the management console called the Activate Console people can go there. And again, if you're trying to build a backend API, there is something that is built on AWS capability to be launched recently that basically says here's some templatized stuff for you to go from kind of naught to 60 and that kind of thing. So you don't have to spend time searching the web. And for us, we're taking that because we've been there before with a bunch of other startups, so we're trying to help. >> Okay, so how do you guys, I mean, a zillion startups, I mean, you and I could be in a coffee shop somewhere, hey, let's do a startup. Do I get access, does everyone gets access to this program that you have? Or is it an elite thing? Is there a criteria? Is it just, you guys are just out there fostering and evangelizing brilliant tools. Is there a program? How do you guys- >> It's a program. >> How do you guys vet startup's, is there? >> It's a program. It has different levels in terms of benefits. So at the core of it it's open to anybody. So if you were a bootstrap startup tomorrow, or today, you can go to the Activate website and you can sign up for that self-starting tier. What we also do is we have an extensive set of connections with the community, so T1 accelerators and incubators, venture capital firms, the kind of places where startups are going to build and via the relationships with those folks. If you're in one, if you've kind of got investment from a top tier VC firm for example, you may be eligible for a hundred thousand dollars of credit. So some of it depends on where the stock is up, but the overall program is open to all. And a chunk of the stuff we talked about like the guidance that's there for everybody. >> It's free, that's free and that's cool. That's good learning, so yeah. And then they get the free training. What's the coolest thing that you're doing right now that startups should know about around obviously the passionate start ups. I know for a fact at 80%, I can say that I've heard Andy and Adam both say that it's not just enterprising, well, they still love the startups. That's their bread and butter too. >> Yeah, well, (indistinct) I think it's amazing that someone, we were talking about the keynote you see some of these large customers in Adam's keynote to people like United Airlines, very, very large successful enterprise. And if you just look around this show, there's a lot of startups just on this expert floor that we are now. And when I look at these announcements, to me, the thing that just gets me excited and keeps me staying doing this job is all of these little capabilities make it in the environment right now with a good funding environment and all of these technical building blocks that instead of having to take a few, your basic compute and storage, once you have all of these higher and higher levels things, you know the serverless stuff that was announced in Adam's keynotes early, which is just making it easy. Because if you're a founder, you have an idea, you know the thing that you want to disrupt. And we're letting people do that in different ways. I'll pick one start up that I find really exciting to talk to. It's called Study. It's run by a guy called Zack Kansa. And he started that start up relatively recently. Now, if you started 15 years ago, you were going to use EC2 instances building on the cloud, but you were still using compute instances. Zack is really opinionated and a kind of a technology visionary in this sense that he takes this serverless approach. And when you talk to him about how he's building, it's almost this attitude of, if I've had to spin up a server, I've kind of failed in some way, or it's not the right kind of thing. Why would we do that? Because we can build with these completely different kinds of architectures. What was revolutionary 15 years ago, and it's like, okay, you can launch it and serve with an API, and you're going to pay by the hour. But now when you look at how Zack's building, you're not even launching a server and you're paying by the millions. >> So this is a huge history lesson slash important point. Back 15 years ago, you had your alternative to Amazon was provisioning, which is expensive, time consuming, lagging, and probably causes people to give up, frankly. Now you get that in the cloud either you're on your own custom domain. I remember EC2 before they had custom domains. It was so early. But now it's about infrastructures code. Okay, so again, evolution, great time to market, buy what you need in the cloud. And Adam talked about that. Now it's true infrastructure is code. So the smart savvy architects are saying, Hey, I'm just going to program. If I'm spinning up servers, that means that's a low level primitive that should be automated. >> Right. >> That's the new mindset. >> Yeah, that's why the fun thing about being in this industry is in just in the time that I've worked at AWS, since about 2011, this stuff has changed so much. And what was state of the art then? And if you take, it's funny, when you look at some of the startups that have grown with AWS, like whether it's Airbnb, Stripe, Slack and so on. If you look at how they built in 2011, because sometimes new startups will say, oh, we want to go and talk to this kind of unicorn and see how they built. And if you actually talked to the unicorn, some of them would say, we wouldn't build it this way anymore. We would do the kind of stuff that Zack and the folks studied are doing right now, because it's totally different (indistinct). >> And the one thing that's consistent from then to now is only one thing, it has nothing to do with the tech, it's speed. Remember rails front end with some backend Mongo, you're up on EC2, you've got an app, in a week, hackathon. Weekend- >> I'm not tying that time thing, that just goes, it gets smaller and smaller. Like the amplify thing that Verna was talking about this morning. You could've gone back 15 years, it's like, okay, this is how much work the developer would have to do. You could go back a couple of years and it's like, they still have this much work to do. And now this morning, it's like, they've just accelerated them to that kind of thing. >> We'll end on giving Jerry Chan a plug in our chat yesterday. We put the playbook out there for startups. You got to raise your focus on the beach head and solve the problem you got in front of you, and then sequence two adjacent positions, refactor in the cloud. Take that approach. You don't have to boil the ocean over right away. You get in the market, get in and get automating kind of the new playbook. It's just, make everything work for you. Not use the modern. >> Yeah, and the thing for me, that one line, I can't remember it was Paul Gray, or somehow that I stole it from, but he's just encouraging these startups to be appropriately lazy. Like let us do the hard work. Let us do the undifferentiated heavy lifting so people can come up with these super cool ideas. >> Yeah, just plugging the talent, plugging the developer. You got a modern application. Paul, thank you for coming on theCUBE, I appreciate it. >> Thank you. >> Head of Startup Solution Architecture North America, Amazon Web Services is going to continue to birth more startups that will be unicorns and decacorns now. Don't forget the decacorns. Okay, we're here at theCUBE bringing you all the action. I'm John Furrier, theCUBE. You're watching the Leader in Global Tech Coverage. We'll be right back. (bright upbeat music)

>>Hello everybody. I am Toshihiko Nishimura from Stanford. University is there to TTT out here, super aging, global OMIM global transportation group about infections, uh, or major point of concerns. In addition, this year, we have the COVID-19 pandemic. As you can see here, while the why the new COVID-19 patients are still increasing, meanwhile, case count per day in the United state, uh, beginning to decrease this pandemic has changed our daily life to digital transformation. Even today, the micro segmentation is being conducted online and doctor and the nurse care, uh, now increase to telemedicine. Likewise, the drug development process is in need of major change paradigm shift, especially in vaccine in drug development for COVID-19 is, should be safe, effective, and faster >>In the >>Anastasia department, which is the biggest department in school of medicine. We have Stanford, a love for drug device development, regulatory science. So cold. Say the DDT RDS chairman is Ron Paul and this love leaderships are long mysel and stable shaper. In the drug development. We have three major pains, one exceedingly long duration that just 20 years huge budget, very low success rate general overview in the drug development. There are Discoverly but clinical clinical stage, as you see here, Tang. Yes. In clinical stage where we sit, say, what are the programs in D D D R S in each stages or mix program? Single cell programs, big data machine learning, deep learning, AI mathematics, statistics programs, humanized animal, the program SNS program engineering program. And we have annual symposium. Today's the, my talk, I do like to explain limitation of my science significance of humanized. My science out of separate out a program. I focused on humanized program. I believe this program is potent game changer for drug development mouse. When we think of animal experiment, many people think of immediately mouse. We have more than 30 kinds of inbred while the type such as chief 57, black KK yarrow, barber C white and so on using QA QC defined. Why did the type mice 18 of them gave him only one intervention using mouse, genomics analyzed, computational genetics. And then we succeeded to pick up fish one single gene in a week. >>We have another category of gene manipulated, mice transgenic, no clout, no Kamal's group. So far registered 40,000 kind as over today. Pretty critical requirement. Wrong FDA PMDA negative three sites are based on arteries. Two kinds of animal models, showing safety efficacy, combination of two animals and motel our mouse and the swine mouse and non-human primate. And so on mouse. Oh, Barry popular. Why? Because mouse are small enough, easy to handle big database we had and cost effective. However, it calls that low success rate. Why >>It, this issue speculation, low success rate came from a gap between preclinical the POC and the POC couldn't stay. Father divided into phase one. Phase two has the city FDA unsolved to our question. Speculation in nature biology using 7,372 new submissions, they found a 68 significant cradle out crazy too, to study approved by the process. And in total 90 per cent Radia in the clinical stages. What we can surmise from this study, FDA confirmed is that the big discrepancy between POC and clinical POC in another ward, any amount of data well, Ms. Representative for human, this nature bio report impacted our work significantly. >>What is a solution for this discrepancy? FDA standards require the people data from two species. One species is usually mice, but if the reported 90% in a preclinical data, then huge discrepancy between pretty critical POC in clinical POC. Our interpretation is data from mice, sometime representative, actually mice, and the humor of different especially immune system and the diva mice liver enzyme are missing, which human Liba has. This is one huge issue to be taught to overcome this problem. We started humanized mice program. What kind of human animals? We created one humanized, immune mice. The other is human eyes, DBA, mice. What is the definition of a humanized mice? They should have human gene or human cells or human tissues or human organs. Well, let me share one preclinical stages. Example of a humanized mouse that is polio receptor mice. This problem led by who was my mentor? Polio virus. Well, polio virus vaccine usually required no human primate to test in 13 years, collaboration with the FDA w H O polio eradication program. Finally FDA well as w H O R Purdue due to the place no human primate test to transgenic PVL. This is three. Our principle led by loss around the botch >>To move before this humanized mouse program, we need two other bonds donut outside your science, as well as the CPN mouse science >>human hormone, like GM CSF, Whoah, GCSF producing or human cytokine. those producing emoji mice are required in the long run. Two maintain human cells in their body under generation here, South the generation here, Dr. already created more than 100 kinds based on Z. The 100 kinds of Noe mice, we succeeded to create the human immune mice led the blood. The cell quite about the cell platelets are beautifully constituted in an mice, human and rebar MAs also succeeded to create using deparent human base. We have AGN diva, humanized mouse, American African human nine-thirty by mice co-case kitchen, humanized mice. These are Hennessy humanized, the immune and rebar model. On the other hand, we created disease rebar human either must to one example, congenital Liba disease, our guidance Schindel on patient model. >>The other model, we have infectious DDS and Waddell council Modell and GVH Modell. And so on creature stage or phase can a human itemize apply. Our objective is any stage. Any phase would be to, to propose. We propose experiment, pose a compound, which showed a huge discrepancy between. If Y you show the huge discrepancy, if Y is lucrative analog and the potent anti hepatitis B candidate in that predict clinical stage, it didn't show any toxicity in mice got dark and no human primate. On the other hand, weighing into clinical stage and crazy to October 15, salvage, five of people died and other 10 the show to very severe condition. >>Is that the reason why Nicole traditional the mice model is that throughout this, another mice Modell did not predict this severe side outcome. Why Zack humanized mouse, the Debar Modell demonstrate itself? Yes. Within few days that chemistry data and the puzzle physiology data phase two and phase the city requires huge number of a human subject. For example, COVID-19 vaccine development by Pfizer, AstraZeneca Moderna today, they are sample size are Southeast thousand vaccine development for COVID-19. She Novak UConn in China books for the us Erica Jones on the Johnson in unite United Kingdom. Well, there are now no box us Osaka Osaka, university hundred Japan. They are already in phase two industry discovery and predict clinical and regulatory stage foster in-app. However, clinical stage is a studious role because that phases required hugely number or the human subject 9,000 to 30,000. Even my conclusion, a humanized mouse model shortens the duration of drug development humanize, and most Isabel, uh, can be increase the success rate of drug development. Thank you for Ron Paul and to Steven YALI pelt at Stanford and and his team and or other colleagues. Thank you for listening.

>>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 live coverage of AWS reinvent 2020 I'm Lisa Martin and I have with me a cube alumni back, please. Welcome Scott Mullins, the worldwide financial services business development leader at AWS. Scott. Welcome back. Great to have you joining us, >>Lisa. It's great to be back on the cube and to be visiting with you today from virtual re-invent 2020. >>Yes. Reinventing reinvent. The last show that I got to host in-person for the cube was reinvent last year. And here we have this three week virtual event that started last week. So lots more even going on. I think I even saw a hundred thousand or so registered, so massive event, lots of news. So walk us through some of the highlights that have been announced at reinvent this year and some of the things that you're seeing the most interest from customers in. >>Well, I think one of the big highlights is 500,000 registrants that are reinvented 50,000 attendees last year to reinvent or 50,000 or so to 500,000 re registered for the event. So that's, that's, that's worth talking about in its own. Right. But I think, you know, one of the things, and you mentioned this, you know, more re-invent three weeks, uh, this year, as opposed to the four days that we normally spend in Las Vegas together, physically, when you do, when you do it digitally, you have the ability to actually include more things and more leaders talking about things. And so when we think about the announcements that are having impacts, uh, with financial services customers specifically I'd point to a couple of things and, you know, they're obviously gonna mention Andy's keynote, but there's going to be some things that you might go wait a minute. >>I didn't even see that announcement. Uh, and then maybe I could point you and the viewers to some other, other, um, keynotes or some other sessions that were announced. So obviously I think, uh, first and foremost in Andy's keynote, uh, hybrid, uh, was something that was a very, uh, big focus for him and I for a very long time, we've had the messaging of the right tool for the right job when it comes to any of your services. I think you could alter that today to say it's the right tool for the right job at the right time and in the right place. That makes sense for you and especially for financial institutions. Um, you could look at the announcements around containers, the announcements around Amazon EKS, distro, Amazon EKS, anywhere, and then also Amazon ECS anywhere, which allows our customers to actually, uh, put AWS container technology anywhere they would like to put it. >>You could look also at the additions of the one you and two you form factors to outposts. So no longer do you have to do the, the, the large for you, uh, foreign factor for outposts, smaller outposts for smaller spaces, uh, that particular will play well in the financial service industry. You may not have necessarily as much room for a full cabinet. You could also look from the hybrid perspective in the announcement we made, um, around red hat OpenShift on AWS, all of are giving customers the ability to choose how they actually want to deploy, um, and pursue a hybrid. I'd also point to some announcements we made around management and governance in the financial services, industry governance, uh, is a very important topic. Uh, we announced the management and government lens for the AWS well architected, um, uh, program, uh, that is focused on breath practices for evolving governance for the cloud. >>It has recommended combination of AWS services integrations with our partner network and vetted reference architectures and guidance for addressing regulatory obligations as well. I'd also point to some things we made around audits. I was specifically in Steve Smith's, um, session today, he talked about AWS audit manager. That's a new tool for continually assessing areas and environments for controls or risk compliance. That includes prebuilt compliance frameworks for things like PCI DSS and GDPR, uh, two things that are very important in the financial services industry and last, but certainly not least I'd point to the announcement around the AWS audit Academy. This is training for auditors to actually be able to audit clouds from an agnostic perspective. Any cloud, not specifically AWS that's tree, uh, digital training to do that. And then also an instructor led course specifically on how to audit AWS. So some very key announcements, both from the standpoint of services, uh, as well as additional layers of helping customers in the financial services industry in regulated industries actually use our services. >>So typical, re-invent typical in a lot of news, a lot of announcements, the 500,000 Mark in terms of registering. I hadn't heard that. That's amazing. Let's talk that this has been an Andy. Jassy had an exclusive with John furrier just a couple of weeks ago before. I think it was last week, actually. And we've been talking about this acceleration of digital business transformation because of COVID we've been talking about it, the entire pandemic on the virtual cube, talking about how companies it's really about right now, surviving and thriving to be able to go forward and companies that haven't accelerated are probably in some trouble. Talk to me about how AWS has been working with your financial services customers to help them pivot and move to the cloud faster, really to not just help them survive now, but thrive in the long-term. >>Yeah. Immediately when COVID hit and it hit at different times in different, in different parts of the world. Immediately when COVID hit, we saw the conversation that we were having turning from, Hey, what's my digital strategy to immediately, what are my digital capabilities? And what that really means is what do I have the ability to do tomorrow? Because tomorrow is going to really matter. I don't have necessarily the time to plan for the next several quarters or the next several years, what can I do tomorrow to, um, really, uh, support my, my own workforce and support my own customers and the obligations I have as a financial institution. The first thing we saw people do was to try and make sure that those who financial services work can work. You can look at the adoption of Amazon workspaces, as well as our, uh, Amazon connect, uh, call centers as a service. >>As two examples there at the RBL bank in India was able to move to Amazon workspaces in just 10 days to enable its teams to actually work remotely from home. When they couldn't come into the office, you can look at Barclays. Barclays is actually a presenter at re-invent this year. They'll have a session on how they use Amazon connect, which again is our call center as a service offering to enable 25,000 contacts and our agents to work from home when they can no longer work out of the, out of their traditional contact center. The second thing we saw a financial institutions joining was making sure that customer engagements could still be meaningful when digital was the only option, um, specifically here in the U S you could look at the work that each of us did with FinTech companies like biz two X or fins Zack, or BlueVine Stripe and cabbage in support of the care act in the U S you might remember that the cares act, um, hasn't provisions for funding for small businesses. >>This small business administration had a program called the paycheck protection program, and those organizations were active in providing funding, uh, to small businesses. Uh, through that program. I'll give you an example of cabbage cabbage had previously not been an SBA lender, um, but they were able to, in two weeks build a fully automated system for small businesses to access PPP funding using Amazon text track, to extract information from documentation that those folks submitted to get alone. That reduced approval times from multiple days to about a median of four hours to actually get approval, to get funding through the PPP program. And then just four months cabbage became the second largest PPP lender. They lent over $7 billion in funding, which was twice the amount of funding that they went last year in 2019 loans. So we were happy to support organizations like cabbage and those other FinTech companies, as they help small businesses in the U S get access to funding, uh, during this critical time. >>And as we know, as you said, critical time, but really life or death for a lot of businesses. And as we continue to go through these ways, but it's interesting that you talked about that the speed of facilitation that during such unprecedented times, AWS and this massive machine was able to continue moving at full speed ahead and helping those customers to pivot. You talked about the cloud connect. I had a conversation with a guest on the queue last week about that. And, and I now think about if I have to call in a contact center and that person might be from home. So, you know, we're fortunate that the cloud computing technology and people like you and AWS, or are able to power that because it's, it's literally essential, which is probably one of the words of the year, but being able to keep the machinery going and innovate at the same time has been, make or break for a lot of businesses. >>Absolutely. And you, you look at, you know, kind of one of the last year is that I'll point to is, um, financial institutions. Uh, anti-virus, we're were very much focused on making sure that that cannot fail, that they scaled. And so you can look at the work we did with, uh, with the, with FINRA FINRA is the primary capital markets regulator here in the U S and on a daily basis frame or processes about 400 billion market events on every night to do surveillance on our markets, that when COVID hit, we had unprecedented volume and volatility in the market. And FINRA was, was, um, looking at processing, uh, anywhere from two to three times, their normal daily market volumes that's anywhere from 800 billion market events to 1.2 trillion a night. And if you look at how they were able to scale, they're actually able to scale up compute resources in AWS. We're on a nightly basis. They're able to automatically turn on and off up to a hundred thousand compute nodes in a single day. That automatic ability to scale is, is the power you're talking about. Being able to actually turn things up when you needed it and turn things down when you, when you don't need it based on the volumes. >>Well, and that's going to be something key going forward. As we know that there will be one thing I think that I always say we can count on right now is uncertainty and continued uncertainty, but we've also seen I'm calling them COVID catalysts. You know, the, what you talked about with cabbage, for example, and how that business pivoted quickly, because of the power of cloud computing and emerging technologies, what are some of the things that you think as we go into 2021 in the financial services arena, what are some of the big tech trends that you think were maybe born during COVID that are going to be critical going forward? >>Well, you know, you, you, you had Melanie Frank from capital one on cube a couple of days ago, and she was talking about, you know, their shift to cloud and what that's really enabled, and it, and she kind of sums it up nicely. She says, look, we want to give our customers experience that are real time, and that are intelligent. And you just can't do that with legacy technology. That's sitting in, you know, kind of a legacy data center. And so I think that's going to be kind of the, the, the all encompassing statement for what's happening in the financial services industry. As I mentioned, you know, organizations overnight said, okay, wait a minute, let's take that strategy. And then let's put it aside. Let's talk about capabilities. What can we do? And I think, you know, necessity is the mother of invention. Um, and when you're faced with limitations and challenges, like we all have been faced with around the world and not just in the financial services industry, it, it breeds, um, invention and the, and the desire and the need to actually meet those challenges head on, in very engineered of ways. >>And I think you're going to see more invention and specifically more invention from the established players in the financial services industry. Cloud use is not just experimental on the edges anymore. You're going to see more organizations coming out of COVID. Um, having had those experiences where they actually stood up a context center and scaled it. And, and just a matter of a few days to, to thousands of agents, you're going to find, um, organizations saying, wait a minute, we, we can do remote work. We could, we have access to things like Amazon workspaces. So I think you're, you're gonna, you're going to see that, uh, be a, be a trend. I think you're also gonna see, um, w what Lori beer said in the keynote with Andy, you know, she, she made a very, very astute statement, and I don't know if people caught it, cause it's kind of neat in the middle of her conversation. >>She said, look, we're trying to infuse analytics into everything that we do at JP Morgan. I think you're going to see more and more financial institutions looking to do that, to actually leverage the power of analytics, to power everything we do as a financial institution. So I think those, those are a couple of things that you're going to see. Um, and then, you know, looking, uh, you know, kind of around the corner, I think you're going to continue to see more re-invention within the industry. And what I mean by that is you've seen many financial institutions over the last week, uh, with, uh, re-invent making announcements, you saw bank and we towel saying, Hey, look, we are completely transforming ourselves with AWS. Uh, just a few weeks before we even saw standard charter, the same thing HSBC said, the same thing, global payments earlier in the year said the same thing. And you're going to see more and more organizations coming out and talking about these strategic decisions to reinvent everything that they do to make the financial systems of the world work. And so we're really pleased to be partnering with those organizations to make those transformations possible. We're seeing a lot of invention within the industry, and we're very pleased to be a part of the reinvention of the financial systems around the world. >>It's interesting to hear that you, you see, even the JP Morgan, some of those legacy, big houses are going to be really pivoting. They have to, to be competitive and to be able to utilize analytics, to deliver those real-time services. Because as we all know, as consumers, our patients is wearing thin these days, but I agree with you. I think there's a lot of opportunity there that innovation is exciting and there will have to be reinvention of entire industries, but I think there's a lot of silver linings there. Scott. I wish we had more time, cause I know we could keep talking, but thank you for sharing your insights on this reinvented reinvent this year. >>I appreciate it. Thank you, Lisa. It's always a pleasure to be on the cube. >>Chris Scott Mullins, I'm Lisa Martin. You're watching the cubes coverage of AWS reinvent 2020.

>>Ply from Barcelona, Spain. It's the cube covering Cisco live 2020 route to you by Cisco and its ecosystem partners. >>Hi buddy. Welcome back to the queue, the leader in live tech coverage. My name is Dave Volante with cohost Humanum and John furriers. Here we go out to the events, we extract the signal from the noise and of course this is day one of Cisco live Barcelona. Very excited to have Presant Shanola. He's the vice president of marketing enterprise networks for IOT and the developer platform at Cisco for sounds good to see you. Good to see you folks too. So right now we're in the middle of the the DNA center takeover in the dev net zone network's getting more complex. You need a command center to understand what's going on. >>Yeah, give us the update Y DNA. Yeah. So this has been a journey for Cisco and for our customers for the last three years or so. Right. So a few things happened in the last decade, like mobile, IOT, cloud, and the world of security. All of those came together in one place. And if you look at it, these are very network centric technologies, right? There'd be no cloud without networking or mobile or IOT. So when our customers started investing heavily in the world of applications in the cloud environment, mobile and IOT, the network was slightly left behind. The network that they had created and built was meant for the internet era, not for this multicloud mobile and IOT era. So we had to rethink networking fundamentally from the ground up to how do you help our customers design, build, scale, manage and deploy networks for this new era of digital transformation driven by mobile and cloud. >>And that was the Genesis of our intent based networking strategy, right? So that was like three years back. Then we designed a networking architecture that focuses on the business intent and lets you figure out the how part of it. Then NATO figures it out. So the DNS center was the command center as Dave, you put it to help manage design and build this network from the ground up. And it's been a journey for us and it's been a very, very exciting journey for us where we are getting a lot of positive feedback from the customer, whether it's to deploy their access infrastructure, wired wireless are more into the wide area network extending into data center and public cloud environment. >>So when we went from internet to the cloud, yoga talks about the flattening of the network and now I know we're going to talk about it. >>Yeah, yeah. Are we going to need a new DNA center for that next wave or no, it's the pendulum swing, right? Like it's all this meaning interesting mainframes, centralized and decentralized edges. Then again, centralized in the cloud and now cloud moving to the edge. So this is always going to be an interesting phenomenon and it's mainly because the world around both sides of the networking has become highly hyper connected and highly dynamic, right? Like users are mobile devices are everywhere, applications are everywhere. A single application is split into 500 different pieces run in containers and microservices across four different public clouds and three different data centers, right? Like, how do you manage this dynamic environment? How do you set the policy? How do you guarantee an application experience? So this has been a very challenging environment. So the idea of DNS entry is to provide you that single command center, right? >>No matter whether you want to deploy it as a Wachtel service, a physical service in the cloud, in a hardware platform, doesn't matter. Right? So how do you get all of your data? How do you get a single place to provision the system? Well, I'm glad you've mentioned scale quite a few times talking about this for the longest time it was how do we get the network people to get off of their CLI and go to the gooey? Well, I don't care if you've got the best goo in the world, the, the hyper connectivity, the amount of changes going on, people can't do this alone. So talk to us a little bit about know tooling, the automation, the API APIs, connect all these things and make sure that our people don't become the bottleneck for innovation. >> Frankly, the complexity has exceeded human scale. It's just impossible. >>It's funny because I was talking to the CIO for a pretty large global bank. I can't tell the name who was saying like, Hey, a few years back I had one it person to manage around thousand devices, all the devices. Right? And then that year when I was talking, and this was 2016 he had one is to 10,000 device, one it for 10,000 devices to manage. And he said, I'm looking in 2020 to be one it for 250,000 devices going up to a million devices. I'm like, dude, you're doing some funky Matthew. It's like, that looks like that hockey stick curve. Right? And I'm like, he was right. Now I don't even know what's on my network, what's connected to my network. I have, I'm flying blind. And that opens up a lot of security issues. That opens up a lot of operational challenges. In fact, for every dollar our customer spends on cap X for buying the network, they spend $3 on opics managing the network, monitoring and troubleshooting the network. >>So that's the key point saying that you can hire a hundred more it staff, you're just not going to be able to manage the complexity. So there has to be an automation world, right? We live in a world where repetitive tasks should be done by machines and not human beings. It's happened and the rest of the lives and networks, operations is just one part of that. So the concept of controller led architectures, which was the Genesis of SDN is now being applied to this world of intern based networking. But we also get the data to provide you insight on how things are behaving and how to take actions before it happens. >> Well, yeah, you brought up, are you used to, how many devices the enterprise can manage was something we measured for the longest time and used to compare to the hyperscalers and I said, well, here's the myth there. >>It's not that they're managing two of magnitude more equipment. They architect completely different Zack. They build the applications with the expectation that everything underneath is going to change. It's going to fail, it's going to be upgraded. So you don't have somebody inside of Yahoo in Google and all these hyperscalers running around patching and updating things. They build a data center and they keep adding environments and they throw things in the woodchipper when they're done and they break things down. So it's a completely different mindset. And part of SDN was the promise of it was to take some of those hyperscaler methodologies and bring it to Massell enterprise. So tell us how your software today is delivering kind of that, that hyperscale architecture and that's a little bit of a culture change for the enterprise. It's been a huge culture change, right? Like the concept of like abstracting the underlay complexity of all the network physical connections and giving an oral a, what we call a fabric. >>So underlying network works as a single integrated system, right? It's not like switches, routers, controllers, access point. All of that complexity is taken out. So you're programming a single fabric, putting the right policy and the controller will figure out how do I enforce that policy in this switch, that place, this controller, this access point? Right? So that was the complexity the Netflix operators of yesteryears we're dealing with. Right? They had to go and configure Mitzi Elias and now API, since we are in dev net is the new CLI. Right? Like, and that becomes a culture shift for network operators. Like I've been in the networking space for like 20 years. I was born on CLI, right? Like, and even when I created systems like access control lists, QRS and I had to system test my own code is fricking nightmare. It is tough. It is tough to manage that as a single system. >>Right? And that's why the role of controller to abstract the complexity of a, to program the infrastructure and then expose this intelligence to other systems, whether it's it systems, but it's business applications goes a long way. So that's why this journey is really exciting for us. So it sounds like we're entering the era of self-driving networks that, I mean you've got to even visualize this virtually possible unless it's at that abstraction layer. Yeah, absolutely. I mean there are new technologies that a lot of consumer markets and other places I've used like machine learning right? Like we have so much data within the network, the network sees everything, right? Because the connection point from mobile IOT to applications and cloud, right? But we haven't really leveraged the power of the data and the intelligence, right? And now that we have all of the data and now we have things like machine learning, it can identify traffic patterns and provide you more insights around your business, around your it and security, right? >>So that really takes the guesswork away. And the good part is with machine learning, the more data you feed it, the more it's learning from the data, not just your own local networks but the net folks across the world. And that makes it constantly adapting to changing conditions and constantly learning based on the traffic patterns and your environment. And that's a pretty exciting field, right? Because we've implemented that in the security field to predict threats before they happen. We've implemented that in parts of application performance and now you're bringing it to the wall of networking at cost access branch ran and campus to like help it move from a reactive world to more of a proactive world. To a predictive world, right? So they can spend less time looking for the needle in a haystack and focus more on solving strategic >>problems. So when you get into discussions about machine intelligence, oftentimes there's discussions about Oh, replacing jobs and you know, blah blah blah. And so it'll, it'll turn to a discussion of augmented intelligence, which very reasonable thing, what you just described as removing mundane tasks. Nobody wants to do those anymore. Here's my question. You talked about your CLI experience over the last 20 years. Is that CLI sort of tribal knowledge still vital as part, you know, part of the art of networking or does the machine essentially >>take over and humans you'll go on to other things? Yeah, I think that's a great question Dave. Like I call these next generation of network operators, the unicorns. So you do need to have the tribal knowledge of networking, not necessarily CLI, but the concept of networking. How do these protocols work? Right? Like this is not easy. It's, there are very, very few network engineers compared to application developers and software engineers in the world. So this is always going to be critical. But now if you marry this knowledge and compliment this knowledge with programmability and automation and application, you got yourself a unicorn that is going to be very, very strategic to the business because now the world of infrastructure and applications are coming together so he can truly focus on your business, which is run on applications, right? How can you, our applications run Foster's mater better with the network and how can your network understand how the applications are behaving becomes a whole new world. So you seek a new roles of network practitioners emerging. I feel like the data scientist after network, like the security defender of the network, the wall of security ops and networks are coming together. So that's what is exciting for us because you get bored in your life if you're doing just repetitive tasks and not learning new. And this provides a new way of ruining. So for me it's not taking jobs away. It's like upgrading your skillset to a whole new level. That's a lot more, >>well this is the secret of Cisco still. We've talked about this. All these hundreds of thousands of network engineers with growth path, income develop. What >>I've found fascinating is really unlocking that data because for the last decade we've talked about, well there's the network flows and there's analytics in the network streams, but what had been missing and what I think is starting to be there, as you said, that connectivity between the application and the actual data for the business, it isn't just some arcane dark art of networking and we're making that run better, faster, better, cheaper. But it's what that enables for the business, the data and the applications that there is a tighter, relevant they are today. That's the key thing, right? I mean everybody has been talking about data now, I dunno for 1520 years. It's the new crude aisle if you will. Right? But everybody has access to data and nobody knows what to do with it, right? Like this philosophical thing of data to knowledge to wisdom is like what we are all striving towards. >>Right? And now that we have access to this data and we have this intelligence system, which is a multi software that ingest data from not just networking but devices connected to the network, the security trends that we are seeing, the application data that you're seeing and provides this context and provide two very key insights around how does that impact your business, how does that impact your ID? How does that impact your security is a very powerful thing. Um, and you don't find that and you need to have that breadth of portfolio and system to be able to get all of the data and consume that at a hyperscale level, if you will. We often say in the cubit that data is plentiful insights or not, and you need insights in order to be able to take action. And that's where automation comes in for shot. Great segment. Thank you very much for coming on the cube. Really appreciate it. Thank you today. Thanks to pleasure. Awesome. All right. Thank you for watching. This is the cube live from Barcelona, Cisco live 2020 Dave Volante for stupid event and John furrier, we'll be right back.

>>from our studios in the heart of Silicon Valley, Palo Alto, California It is a cute conversation. >>Hey, welcome back already, Jeffrey. Here with the cue, we're in our pal Amato Studios for acute conversation or excited, have ah, many Time Cube alone. I has been at all types of companies. He's moving around. We like to keep him close because he's got a great feel for what's going on. And now he's starting a new adventure. Eso really happy to welcome Alan Cohen back to the studio. Only great to see you. >>Hey, Draft, how are you >>in your new adventure? Let's get it right. It's the D C v c your partner. So this is ah, on the venture side. I'm gonna dark. You've gone to the dark side of the money side That is not a new firm, dark side. You know what's special about this town of money adventure right now, but you guys kind of have a special thesis. So tell us about yeah, and I think you've spoken >>to Matt and Zack. You know my partners in the past, So D. C. V. C is been in the venture business for about a decade and, um, you know, the 1st 5 years, the fund was very much focused on building, ah, lot of the infrastructure that we kind of take for granted. No things have gone into V m wear and into Citrix, and it's AWS, and hence the data collect of the D. C out of D. C. V. C. Really, the focus of the firm in the last five years and going forward is an area we call deep tech, which think about more about the intersection of science and engineering so less about. How do you improve the IittIe infrastructure? But how do you take all this computational power and put it to work in in specific industries, whether it's addressing supply chains, new forms of manufacturing, new forms of agriculture. So we're starting to see all that all the stuff that we've built our last 20 years and really apply it against kind of industrial transformation. So and we're excited. We just raise the $725 million fund. So we I got a little bit of ammunition to work with, >>Congratulate says, It's fun. Five. That's your eighth fund. Yeah, and really, it's consistent with where we're seeing all the time about applied a I and applied machine. Exactly. Right in New York, a company that's gonna build a I itt s'more the where you applying a i within an application, Where you applying machine, learning within what you do. And then you can just see the applications grow exactly right. Or are you targeting specific companies that are attacking a particular industrial focus and just using a eyes, their secret sauce or using deep taxes or secret uh, all of the above? Right. So, like I >>did when I think about D c v c like it's like so don't think about, um, I ops or throughput Orban with think about, um uh, rockets, robots, microbes, building blocks of effectively of human life and and of materials and then playing computational power and a I against those areas. So a little bit, you know, different focus. So, you know, it's the intersection of compute really smart computer science, but I'll give you a great example of something. It would be a little bit different. So we are investors and very active in a company called Pivot Bio, which is not exactly a household name. Pivot bio is a company that is replacing chemical fertilizer with microbes. And what I mean by that is they create microbes they used. So they've used all this big data and a I and computational power to construct microbes that when you plant corn, you insert the microbe into the planting cycle and it continuously produces nitrogen, which means you don't have to apply fertilizer. Right? Which fertilizer? Today in the U. S. A. $212 billion industry and two things happen. One you don't have. All of the runoff doesn't leech into the ground. The nitrous does. Nitrogen doesn't go into the air, and the crop yield has been a being been between about 12 and 15% higher. Right? >>Is it getting put? You know, the food industry is such a great place, and there's so many opportunities, both in food production. This is like beyond a chemical fertilizer instead of me. But it's great, but it's funny because you think of GMO, right? So all food is genetically modified. It's just It took a long time in the past because you had to get trees together, and yet you replant the pretty apples and throw the old apple trees away. Because if you look at an apple today versus an apple 50 years, 100 years, right, very, very different. And yet when we apply a man made kind of acceleration of that process than people, you know, kind of pushed back Well, this is this is not this is not nature, So I'm just curious in, in, in in, Well, this is like a microbe, you know? You know, they actually it is nature, right? So nature. But there'll be some crazy persons that wait, This is not, you know, you're introducing some foreign element into Well, you could take >>potash and pour it on corn. Or you could create a use, a microbe that creates nitrogen. So which one is the chemical on which one is nature, >>right, That that's why they get out. It's a funny part of that conversation, but but it's a different area. So >>you guys look, you guys spent a lot of time on the road. You talked a lot of startups. You talked a lot of companies. You actually talked to venture capitalists and most of the time where you know, we're working on the $4 trillion I t sector, not an insignificant sector, right? So that's globally. It's that's about the size of the economy. You know, manufacturing, agriculture and health care is more like 20 to $40 billion of the economy. So what we've also done is open the aperture to areas that have not gone through the technical disruption that we've seen an I t. Right now in these industries. And that's what's that mean? That's why I joined the firm. That's why I'm really excited, because on one hand you're right. There is a lot of cab you mentioned we were talking before. There is a lot of capital in venture, but there's not a CZ much targeted at the's area. So you have a larger part of global economy and then a much more of specific focus on it. >>Yeah, I think it's It's such a you know, it's kind of the future's here kind of the concept because no one knows, you know, the rate of which tech is advancing across all industries currently. And so that's where you wake up one day and you're like, Oh, my goodness, you know, look at the impacts on transportation. Look at the impacts on construction of the impacts on health care. Look at the impacts on on agriculture. So the opportunity is fantastic and still following the basic ideas of democratizing data. Not using a sample of old data but using, you know, real time analytics on hold data sets. You know, all these kind of concepts that come over really, really well to a more commercial application in a nightie application. Yeah. So, Jeff, I'm kind of like >>looking over your shoulder. And I'm looking at Tom Friedman's book The world is flat. And you know, if we think about all of us have been kind of working on the Internet for the last 20 years, we've done some amazing things like we've democratized information, right? Google's fairly powerful part of our lives. We've been able to allow people to buy things from all over the world and ship it. So we've done a lot of amazing things in the economy, but it hasn't been free. So if I need a 2032 c r. 20 to 32 battery for my key fob for my phone, and I buy it from Amazon and it comes in a big box. Well, there's a little bit of a carbon footprint issue that goes with that. So one of our key focus is in D. C V. C, which I think is very unique, is we think two things can happen is that weaken deal with some of the excess is over the economy that we built and as well as you know, unlock really large profit pulls. At the end of the day, you know, it has the word Venture Patrol says the word capital, right? And so we have limited partners. They expect returns. We're doing this obviously, to build large franchises. So this is not like this kind of political social thing is that we have large parts of the economy. They were not sustainable. And I'll give you some examples. Actually, you know, Jeff Bezos put out a pledge last week to try to figure out how to turn Amazon carbon neutral. >>Pretty amazing thing >>right with you from the was the richest person Now that half this richest person in the world, right? But somebody who has completely transformed the consumer economy as well as computing a comedy >>and soon transportation, right? So people like us are saying, Hey, >>how can we help Jeff meet his pledge? Right? And like, you know, there are things that we work on, like, you know, next generation of nuclear plants. Like, you know, we need renewables. We need solar, but there's no way to replace electricity. The men electricity, we're gonna need to run our economy and move off of coal and natural gas, Right? So, you know, being able to deal with the climate impacts, the social impacts are going to be actually some of the largest economic opportunities. But you can look at it and say, Hey, this is a terrible problem. It's ripping people across. I got caught in a traffic jam in San Francisco yesterday upon the top of the hill because there was climate protest, right? And you know, so I'm not kind of judging the politics of that. We could have a long conversation about that. The question is, how do you deal with these real issues, right and obviously and heady deal with them profitably and ethically, and I think that something is very unique about you know, D. C. V. C's focus and the ability to raise probably the largest deep tech fund ever to go after. It means that you know, a lot of people who back us also see the economic opportunity. And at the end of day there, you know, a lot of our our limited partners, our pension funds, you know, in universities, like, you know, there was a professor who has a pension fund who's gotta retire, right? So a little bit of that money goes into D C V C. So we have a responsibility to provide a return to them as well as go after these very interesting opportunities. >>So is there any very specific kind of investment thesis or industry focus Or, you know, kind of a subset within, you know, heavy lifting technology and science and math. That's a real loaded question in front of that little. So we like problems >>that can be solved through massive computational capability. And so and that reflects our heritage and where we all came from, right, you and I, and folks in the industry. So, you know, we're not working at the intersection of lab science at at a university, but we would take something like that and invest in it. So we like you know we have a lot of lessons in agriculture and health care were, surprisingly, one of the largest investors in space. We have investments and rocket labs, which is the preferred launch vehicle for any small satellite under two and 1/2 kilograms. We are large investors and planet labs, which is a constellation of 200 small satellites over investors and compel a space. So, uh, well, you know, we like space, and, you know, it's not space for the sake of space. It's like it's about geospatial intelligence, right? So Planet Labs is effectively the search engine for the planet Earth, right? They've been effectively Google for the planet, right? Right. And all that information could be fed to deal with housing with transportation with climate change. Um, it could be used with economic activity with shipping. So, you know, we like those kinds of areas where that technology can really impact and in the street so and so we're not limited. But, you know, we also have a bio fund, so we have, you know, we're like, you know, we like agriculture and said It's a synthetic biology types of investments and, you know, we've still invest in things like cyber we invest in physical security were investors and evolve, which is the lead system for dealing with active shooters and venues. Israel's Fordham, which is a drone security company. So, um, but they're all built on a Iot and massive >>mess. Educational power. I'm just curious. Have you private investment it if I'm tree of a point of view because you got a point of view. Most everything on the way. Just hear all this little buzz about Quantum. Um, you know, a censure opened up their new innovation hub in the Salesforce tower of San Francisco, and they've got this little dedicated kind of quantum computer quanta computer space. And regardless of how close it is, you know there's some really interesting computational opportunities last challenges that we think will come with some period of time so we don't want them in encryption and leather. We have lost their quantum >>investments were in literally investors and Righetti computing. Okay, on control, cue down in Australia, so no, we like quantum. Now, Quantum is a emerging area like it's we're not quite at the X 86 level of quantum. We have a little bit of work to get there, but it offers some amazing, you know, capabilities. >>One thing >>that also I think differentiates us. And I was listening to What you're saying is we're not afraid. The gold long, I mean a lot of our investments. They're gonna be between seven and 15 years, and I think that's also it's very different if you follow the basic economics adventure. Most funds are expected to be about 10 years old, right? And in the 1st 3 or four years, you do the bulk of the preliminary investing, and then you have reserves traditional, you know, you know, the big winners emerged that you can continue to support the companies, some of ours, they're going to go longer because of what we do. And I think that's something very special. I'm not. Look, we'd like to return in life of the fun. Of course, I mean, that's our do share a responsibility. But I think things like Quantum some of these things in the environment. They're going to take a while, and our limited partners want to be in that long ride. Now we have a thesis that they will actually be bigger economic opportunities. They'll take longer. So by having a dedicated team dedicated focus in those areas, um, that gives us, I think, a unique advantage, one of one of things when we were launching the fund that we realized is way have more people that have published scientific papers and started companies than NBA's, um, in the firm. So we are a little bit, you know, we're a little G here. That >>that's good. I said a party one time when I was talking to this guy. You were not the best people at parties we don't, but it is funny. The guy was He was a VC in medical medical tech, and I didn't ask him like So. Are you like a doctor? Did you work in a hospital where you worked at A at a university that doesn't even know I was investment banker on Wall Street and Michael, that's that's how to make money move. But do you have? Do you have the real world experience of being in the trenches? Were Some of these applications are being used, but I'm also curious. Where do you guys like to come in? ABC? What's your well, sweets? Traditionally >>we are have been a seed in Siri's. A investor would like to be early. >>Okay, Leader, follow on. Uh, everybody likes the lead, right? Right, right, right. You know what? Your term feet, you >>know? Yeah, right. And you have to learn howto something lead. Sometimes you follow. So we you know, we do both. Okay, Uh, there are increasing as because of the size of the fund. We will have the opportunity to be a little bit more multi stage than we traditionally are known for doings. Like, for example, we were seed investors in little companies, like conflict an elastic that worked out. Okay, But we were not. Later stage right. Investors and company likes companies like that with the new fund will more likely to also be in the later stages as well for some of the big banks. But we love seed we love. Precede. We'd like three guys in in a dog, right? If they have a brilliant >>tough the 7 50 to work when you're investing in the three guys in a dog and listen well and that runs and runs and you know you >>we do things we call experiments. Just you know, uh, we >>also have >>a very unique asset. We don't talk about publicly. We have a lot of really brilliant people around the firm that we call equity partners. So there's about 60 leaning scientists and executives around the world who were also attached to the firm. They actually are, have a financial stake in the firm who work with us. That gives us the ability to be early Now. Clearly, if you put in a $250,000 seed investment you don't put is the same amount of time necessarily as if you just wrote a $12 million check. What? That's the traditional wisdom I found. We actually work. Address this hard on. >>Do you have any? Do you have any formal relationships within the academic institutions? How's that >>work? Well, well, I mean, we work like everybody else with Stanford in M I t. I mean, we have many universities who are limited partners in the fund. You know, I'll give you an example of So we helped put together a company in Canada called Element A I, which actually just raised $150 million they, the founder of that company is Ah, cofounder is a fellow named Joshua Benji. Oh, he was Jeff Hinton's phD student. Him in the Vatican. These guys invented neural networks ing an a I and this company was built at a Yasha his position at the University of Montreal. There, 125 PhDs and a I that work at this firm. And so we're obviously deeply involved. Now, the Montreal A icing, my child is one of the best day I scenes in the world and cool food didn't and oh, yeah, And well, because of you, Joshua, because everybody came out of his leg, right? So I think, Yes, I think so. You know, we've worked with Carnegie Mellon, so we do work with a lot of universities. I would, I would say his university's worked with multiple venture firm Ah, >>such an important pipeline for really smart, heavy duty, totally math and tech tech guys. All right, May, that's for sure. Yeah, you always one that you never want to be the smartest guy in the room, right, or you're in the wrong room is what they say you said is probably >>an equivalent adventure. They always say you should buy the smallest house in the best neighborhood. Exactly. I was able to squeeze its PCB sees. I'm like, the least smart technical guy in the smartest technical. There >>you go. That's the way to go. All right, Alan. Well, thanks for stopping by and we look forward. Thio, you bring in some of these exciting new investment companies inside the key, right? Thanks for the time. Alright. He's Alan. I'm Jeff. You're watching the Cube. We're Interpol about the studios. Thanks for watching. We'll see you next time.

(upbeat techno music) >> Announcer: From New York City, it's theCUBE, covering New Relic FutureStack 2019, brought to you by the New Relic. >> Hi, I'm Stu Miniman and this is theCUBE's exclusive coverage of New Relic's Futurestack 2019 here in New York City, seventh year of the show. Our first year here, about 600 or so in attendance, and real excited, because we've had some of the users here to help kick off our coverage. And joining us, first time guest on the program, Josh Biggely is a senior engineer of Enterprise Monitoring, with Cardinal Health coming to us from a little bit further north and east than I do, Prince Edward Island, thank you so much for coming here to New York City and joining me on the program. >> Yeah, thanks for having me Stu, I'm excited to be here. I haven't been in New York, it's probably been more two decades. So it's nice to be back in a big city, I live in a very small place. >> Yeah, so if you go to Times Square, it's now Disneyland, is what we call it. It's not the 42nd street that it might've been a couple of decades ago. I grew up about 45 minutes from here, so it's gone through a lot, love the city, especially gorgeous weather we're having here in the fall. >> I'm excited for it. >> All right, so Josh, Cardinal Health, health is in the name so we think we understand a little bit about it, but tell us a little bit about the organization itself and how it's going through changes these days. >> Sure, so Cardinal Health is a global healthcare solutions provider. We are essential to care, which means we deliver the products and solutions that your healthcare providers need to literally cure disease, keep people healthy. So we're in 85% of the hospitals in the United States, 26,000 pharmacies, about 3,000,000 different home healthcare users receive products from us. Again we're global, so we're based in Dublin, Ohio, just outside of Columbus. But obviously, I live in Canada so I work for the Cardinal Health Canada Division. We've got acquisitions around the world. So yeah, it's an exciting company. We've recently gone through a transformation not only as a company, but from a technology side where we've shifted one of our data centers entirely into the cloud. >> All right, and Josh, your role inside the company, tell us a little bit about, you said it's global, what's under your purview? >> So my team is responsible for Enterprise Monitoring, and that means that we develop, deploy, support and integrate solutions for monitoring both infrastructure applications and digital experience for our customers. We have a number of tools, including New Relic, that we use. But it's a broad scope for a small team. >> Stu: Okay, and you've talked about that transformation. Walk us through a little bit about that, what led to, as you said, some big moves into public cloud? >> Yeah, our team is part of an overall effort to allow Cardinal Health to be more adaptive, to be more agile. The move to cloud allows teams that are developing applications and platforms to make a decision how to respond to the needs of their customers more rapidly. Gone are the days of, "I need a new server, "I need to predict six months from now "that I'm going to need a new server, "put the order in, get it delivered, "get it racked, get it wired." We watch a lot of people, the provision on demand. I mean, our senior vice president, or my senior vice president, likes to say, "I want you to fail fast, fail cheap." He does not say fail often. Although sometimes I do that, but that's okay. As long as you recognize that you're failing and can roll that back, redeploy, It's been really transformative for my team in particular, who was very infrastructure focused when I started with the company five years ago. >> Stu: All right, and can you bring us inside from your application portfolio, was it a set of applications, was it an entire data center? What moved over, how long did it take, and can you share what cloud you're using? >> Sure, so it's been about a two year journey. We're actually a multicloud company. We've got a small footprint in Azure, small footprint in AWS, but we're primarily in Google Cloud. We are shutting down one data center, we are minimizing another data center, and we've moved everything. We've moved everything from small bespoke applications that are targeted on team to entire ecommerce platforms and we've done everything from lift and shift, which I know you don't like to hear. But we've done lift and shift, we've done rehosting, we've done refactoring and we have re-architected entire platforms. >> Yeah, so if you could expand a little bit when we say lift and shift, I'm fine with lift and shift as long as there's another word or plan after that which I'm expecting you do have. >> Josh: Yeah, absolutely. So the lift and shift was, "Hey, let's move from our data centers into GCP. "Let's give teams the visibility, the observability "that they need so that they can make the decisions on "what they need to do best." In a lot of cases, or in fact, in 15% of the 6,500 severs that we touch, we actually full out decommed the instance. Teams had them, they were running at our data centers but they weren't actually providing any value to the company. >> So you said your team before was mostly concerned about infrastructure and a lot of what you did is now on GCP so you fired the entire team and you hired a bunch of PhDs to be able to manage Google environments? >> Absolutely not. (laughter) The principals of enterprise monitoring as a practice still apply in a cloud. We are, at heart, data geeks. And I would fair say that we're actually data story tellers. Our job is to give tools and methodologies to application teams who know what the data means in context, but we give the tools to provide that data to them. >> Stu: All right, love that. I believe I've actually seen data geek shirts at the the New Relic shows itself. But data story tellers, that was kind of thing that you heard, "I have a data scientist "that's going to help us to do this." Is that data scientist in New York or are you actually enabling who is able to tell those data stories today? >> So that is the unique part. Data story telling is not a data science. I wish that I could be a data scientist, I like math, but I'm not nearly that good at it. A data story teller takes the data and the narrative of the business, and weaves them together. When you tell someone, "Here's some data." They will look at it and they will develop their own narrative around it. But as a story teller you help craft that narrative for them. They're going to look at that data and they're going to feel it, They're going to understand it and it's going to motivate them to act in a way that is aligned with what the business objectives are. So data story tellers come in all forms. They come as monitoring engineers, they're app engineers, but they're also people who are facing the customer, they're business leaders, they're people in our distribution centers who are trying to understand the impacts of orders in their order flow, in their personnel that they have. It is a discipline that anyone can engage in if we're willing to give them the right tools. >> All right, so Josh, you got rid of a data center, you're minimizing a data center, you're shifting to cloud, you're making a lot of changes and now being able to tell data stories. Can you tell us organizationally everything goes smoothly or are their anythings that you learned along the way that maybe you could share with your peers to help them along that journey? And any rough spots, with hindsight being what it is, that you might be able to learn from? >> Yeah, so hindsight definitely 20/20. The one thing that I would say to folks is get your data right. Metadata, trusting your data is key, it's absolutely vital. We talk a lot about automation and automation is one of those things that the cloud enables very nicely. If you automate on garbage data, you are going to automate garbage generation. That was one of our struggles but I think that every organization struggles with data fidelity. But teams need to spend more time in making sure that their data, specifically their metadata, around, "Hey is this prod, is it non-prod, "what stack is this running, who built it?" Those things definitely need to be sorted out. >> Okay, talk about the observability and the monitoring that you do, how long have you been using New Relic and what products? And tell us a little about that journey. >> Sure, so we've been using New Relic for about two years. It was a bit of a slow run up to its adoption. We are a multi-tool company so we have a number of tools. Some of them are focused primarily on our network infrastructure, our on-prem storage. Although Cardinal had moved predominantly to the cloud, we have distribution centers, nuclear pharmacies all around the world. And those facilities have not gone into the cloud. So you've got network connectivity. New Relic for us has filled our cloud niche and observability, as Lou announced, is going to give us context to things that we're after. You hear the term dark data, we call them obs logs. It's data that we want to have, we only need it for a very short period of time to help us do post-op or RCAs as well as to look at, overall in our organization, the performance of the applications. For us, New Relic is going to give us an option to put data for observability. Observability is really about high fidelity data. In its world of cloud, everyone wants everything right now. And they also want it down to the millisecond. A platform that can pull that off, that's a remarkable thing. >> Yeah, Veruca Salt had it right, "I want it now." So are you using New Relic One yet? >> We have been using New Relic One for at least a couple of months going back into March this year. It's exciting, we're one of those companies that Lou talked about in his key note, we have hundreds of sub accounts. And we did so very intentfully, but it was a bit of a nightmare before we got to New Relic One. That ability for a platform team to see across multiple sub accounts, really powerful. >> Okay, so you saw a lot of announcements this morning. Anything particular that jumped out, you were excited? Because Lou kept saying over and over, and if you're using New Relic One, "This is free, this is free, this is free." That platform where it's all available for you now. >> I think the programmability is one of the things that really got me excited. One of the engineers on my team had a chance to go and sit with Lou and team, two weeks ago, and was part of that initial Hackathon. Made some really interesting things. That's exciting so shout out to Zack and the work he did. Logging, for me, is something that is huge. I know we've got data that we should have in context. So that Lou announced five terabytes of ingestion for free, all I could do was tap my fingers together and think, "Oh, okay. You're asking for it, Lou. Challenge accepted." (laughter) >> Stu: That's exciting, right. So you feel that you're going to be building apps, it sounds like already, at the FutureHack. That you're starting to move down that path. >> Definitely, and I'm really excited. Not to necessarily give it to my team. We build the patterns for teams that needs patterns, but there are so many talented individuals at Cardinal Health who, if we give them the patterns to follow, they're just going to go execute. Open sourcing that is a brilliant idea and really crowd sourcing development is the way to go. >> Yeah, I think you bring up a really interesting point. So even though your team might be the one that provides the platform, you're giving that programmability, sensibility to a broader audience inside the team and democratizing the data that you have in there. >> Yes, you keyed in on one of the things I love to talk about which is democratized access to data. Over and over again you'll hear me preach that, "I know what I know but I also know what I don't know "and more particular I don't know what I don't know. "I need other people to help me recognize that." >> We've really talked about that buzzword out there about digital transformation. When it is actually being happened, it goes from, "Oh, somebody had an opinion," to, "Wait, I actually now can actually get to the data, "and show you the data and leverage the data "to be able to take good actions on that." >> That's right, data driven decision making is not just just an idiom. It's not something that is a buzzword, it is a practice that we all need to follow. >> Stu: All right, so Josh, you're speaking here at the show. Give our audience just a quick taste, if you will, about what you're going to be sharing with your peers here at the show. >> We've actually talked about a lot of it already so I hope that people are not going to watch this session before my session later. But it really is around the power of additional transformation, the power of observability, what happens when you do things right, and the way the cloud makes teams more nimble. I won't give you it all because then people won't watch my session on Replay but, yeah, it'll be good. >> Well, definitely they should check that out. I'm hoping New Relic has that available on Replay. Give the final word here, what you're really hoping to come out of this week. Sounds like your team's deeply engaged, you've done the Hackathon, you're working with the executive teams. So FutureStack 2019, what are you hoping to walk away with? >> For me, it's about developing patterns. My team, in addition to our enterprise architecture team, is responsible for mapping out what we're going to do and how we're going to do it. Teams want to go fast and if we're not going to lay down the foundation for them to move quickly, especially in the realm of enterprise monitoring, they're going to try do it themselves. Which may or may not work. We don't want to turn teams away from using specific tools if it fits, but if there's a platform that will allow them to execute and to keep all that data centralized, that is really the key to observability. Having that high fidelity data, but then being able to ask questions, not just of the data you put in, but the data that put in maybe by a platform team or by a team that supported Kubernetes or PCF. >> All right, well, Josh Biggely, thank you so much for sharing all that you've been going through in Cardinal Health's transformation. Great to talk to you. >> Thanks so much, Stu. >> All right, lots more here at New Relic's FutureStack 2019. I'm Stu Miniman and as always, thank you for watching theCUBE. (light techno music)

>> (Announcer) From Mountain View, California it's the Cube. Covering the 15th Annual Grow! Awards. Brought to you by ACG SV. >> I'm Lisa Martin with the Cube, on the ground at the Computer History Museum in Mountain View, California for the 15th Annual Grow! Awards for the Association of Corporate Growth Silicon Valley, ACG SV. That's a mouthful. I'm here with one of the ACG SV board members, Zac Mutrux, the District Sales Manager at Insperity. Hey, Zack, it's great to have you on the Cube. >> Thank you so much, Lisa, I'm pleased to be here. >> So before we talk about what you're doing here at the 15th Annual Grow! Awards, tell our audience about Insperity. I was reading, I love taglines. >> Yes. >> And I see on your homepage, Insperity is obsessed with delivery HR mastery. Wow. >> Oh yeah. >> Obsessed and mastery. Those two words just jumped out. Tell us a little bit about what you guys do. >> Impressive, isn't it? Well, we actually just adjusted our tagline to HR that makes a difference. And that's really what it's all about. We feel like companies that are growing, if they're going to make it from good to the best, it has everything to do with the people. Attracting the best people and keeping them, developing them over time, and that's exactly what we do with our clients. >> So Insperity has been in business since 1986, and if I think of today's modern workforce, highly mobile, distributed, there's the whole on-demand industry. You guys have seen a tremendous amount of change that now can be massively influenced, and your customers can, using technology. Give me a little bit of that historical perspective on Insperity's inception and today's workforce, and how you're helping them attract and retain the best talent. >> Oh, absolutely. Well, when the company started it was in a maybe a 200 square foot room with one telephone between the two co-founders. There's no such thing as email. So, absolutely, there's been immense technological changes and there continues to be. I think that's one of the things that has been responsible for Insperity's success is its adoption of technology. Today we are as much a technology company as we are an employee benefits company, or an HR consulting company. It's really about creating a positive experience for the employees. That's part of being a competitive employer. >> Well it has to be a positive experience, right? For your customers. Because acquiring great talent is one thing, retaining them is another. And I want to kind of pivot off the retention there for a second. As the District Sales Manager, I was asking you before we went live, tell me maybe one of your favorite stories, and you said, "Wow". One of the great things, you guys are coming off great growth and FY18 revenue growth. One of the great things that Insperity has been really successful at is customer retention. And that's hard. You're proud of this. Tell us about that statistic that you mentioned, and how it is that Insperity is evolving and innovating over the last few decades to keep that retention number as phenomenal as it is. >> Well, Insperity's been named one of the most admired corporations in the country, actually, five years in a row by Fortune magazine. And that's the kind of press that you can't buy. One of the accolades that I'm most proud of is that in the past year our own employees named us one of the top 100 companies to work for in the United States. Which is, I think, the proof that we really know what we're doing with our clients. Because there are a lot of different companies out there, various competitors, and almost none of them are on that list. So, it's living our values and expressing through our service team, our extraordinary service team, that, I think, keeps our clients coming back to us year after year. About 85% renew. That's been consistent. A high level of client retention for the past three years. Even more extraordinary is that we've been growing both top line and bottom line revenue at the same time. So there's just a testament to our leadership, to our co-founder and CEO, Paul Sarvadi, and to the best of team-- >> But it sounds like it's a lot of symbiotic relationships between the internal retention at Insperity that is maybe leading through to your customers seeing, hey, there's not a high turnover here. These people are doing, they love what they're doing. They're working for a good company. So there's probably a lot of symbiotic behaviors. >> Well, that's exactly right. I think you really hit the nail of the head. It's about culture. It's a culture that starts from the top with leadership, and it filters down throughout the organization. And we're not looking to do business with every single company. We're looking to do business with the companies that believe the things that we believe. That is, companies that have high levels of commitment, trust, communication. They do better financially then companies that don't have those things. >> And along those lines, mentioning just before we wrap here, we are at the 15th Annual ACG SV Awards tonight, where they're honoring two award winners. The Outstanding Growth Award winner is Arista Networks. And the Emerging Growth winner is Adesto Technologies. I'm excited to talk to them later. But I wanted to get a little bit of perspective on you've been involved as a board member of ACSG since last year. Tell me a little bit about what makes ACG SV worthy of your time. >> Oh, absolutely. That's a great question. It's just an extraordinary community, I think, of the top leaders in Silicon Valley come together. The monthly Key Notes add a lot of value. It's an intimate setting and there's real conversations that are taking place on topics that are relevant to today's professionals. So for me to be able to engage and hopefully add some value as a board member is privilege. >> And you can hear probably a lot of those conversations going on right behind Zac and me tonight. Zac, it's been a pleasure to have you on the Cube. Thank you so much for giving us some of your time. >> Oh, right, thank you, Lisa. >> For the Cube, I'm Lisa Martin on the ground. Thanks for watching. (pop electronic music)