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Michael Fagan, Village Roadshow | Palo Alto Networks Ignite22


 

>>The Cube presents Ignite 22, brought to you by Palo Alto Networks. >>Welcome back to Vegas, guys and girls, it's great to have you with us. The Cube Live. Si finishing our second day of coverage of Palo Alto Ignite. 22 from MGM Grand in Las Vegas. Lisa Martin here with Dave Valante. Dave Cybersecurity is one of my favorite topics to talk about because it is so interesting. It is so dynamic. My other favorite thing is to hear the voice of our vendors' customers. And we could to >>Do that. I always love to have the customer on you get you get right to the heart of the matter. Yeah. Really understand. You know, what I like to do is sort of when I listen to the keynotes, try to see how well it aligns with what the customers are actually doing. Yeah. So let's >>Do it. We're gonna unpack that now. Michael Fagan joins us, the Chief Transformation Officer at Village Roadshow. Welcome Michael. It's great to have you >>And thank you. It's a pleasure to be here. >>So this is a really interesting entertainment company. I find the name interesting, but talk to us a little bit about Village Roadshow so the audience gets an understanding of all of the things that you guys do cuz theme parks is part of >>This. Yeah, so Village Road show's Australia's largest cinema exhibitor in conjunction with our partners at event. We also own and operate Australia's largest theme parks. We have Warner Brothers movie World, wet and Wild. SeaWorld Top Golf in Australia is, is operated by us plus more. We also do studio, we also own movie studios, so Aquaman, parts of the Caribbean. We're, we're filming our movie studios Elvis last year. And we also distribute and produce movies and TV shows. Quite diverse group. >>Yeah, you guys have won a lot of awards. I mean, I don't know, academy Awards, golden Globe, all that stuff, you know, and so it's good. Congratulations. Yeah. >>Thank you. >>Cool stuff. I wanna also, before we dig into the use case here, talk to us about the role of a chief transformation officer. How long have you been in that role? What does it encompass and what do you get to drive from a transformation perspective? Yeah, >>So the, the, the nature and pace of disruption is accelerating and on, on one side. And then on the other side, the running business as usual is becoming increasingly complex and, and more difficult to do. So running both simultaneously and at pace can put organizations at risk, both financially and and other ways. So in my role as Chief Transformation officer, I support the rest of the executive team by giving them additional capacity and also bring capability to the team that wasn't there before. So I do a lot of strategic and thought leadership. There's some executive coaching in there, a lot of financial modeling and analysis. And I believe that when a transformation role in particularly a chief transformation role is done correctly, it's a very hands-on role. So there's certain things where I, I dive right down and I'm actually hands in, hands-on leading teams or leading pieces of work. So I might be leading particular projects. I tried to drive profit revenue and profitability across the divisions and does any multi or cross-divisional opportunities or initiative, then I will, I will lead those. >>The transformation, you know, a while ago was cloud, right? Okay, hey, cloud and transformation officers, whether or not they had that title, we'll tell you, look, you gotta change the operating model. You can't just, you know, lift and shift in the cloud. That's, you know, that's pennies. We want, you know, big bucks. That's the operating. Now it's, I'm my question is, is did the pandemic just accelerate your transformation or, or was it, you know, deeper than that? >>Yeah, so what in my role have both digital and business transformation, some of it has been organizational. I think the pandemic has had a, a significant and long lasting effect on society, not just on, on business. So I think if you think about how work work used to be a, a place you went to and how it was done beforehand, before the, before COVID versus now where, you know, previously, you know, within the enterprise you had all of the users, you had all of the applications, you had all of the data, you had all of the people. And then since March, 2020, just overnight, that kind of inverted and, you know, you had people working from home and a person working from home as a branch office of one. So, so we ended up with another thousand branches literally overnight. A lot of the applications that we use are now SASS or cloud-based, whether that's timekeeping with Kronos or communica employee communication or work Jam. So they're not sitting within our data center, they're not sitting within, within our enterprise. It's all external. >>So from a security perspective, you obviously had to respond to that and we heard a lot about endpoint and cloud security and refactoring the network and identity. These guys aren't really an identity. They partner for that, but still a lot of change in focus that the CISO had to deal with. How, how did you guys respond to that? And, and you had a rush to do it. Yeah. And so as you sit back now, where do you go from here? >>Well we had, we had two major triggers for our, our network and security transformation. The first being COVID itself, and then the second beam, we had a, a major MPLS telco renewal that came up. So that gave you an opportunity to look at what we were doing and essentially our network was designed for a near, that no longer exists for when, for when p like I said, when people, when people were from home, all the applications were inside. So, and we had aging infrastructure, our firewalls were end of life. So initially we started off with an SD WAN at the SD WAN layer and an SD WAN implementation. But when we investigated and saw the security capabilities that are available now, we that to a full sassy WAN implementation. >>Why Palo Alto Networks? Because you, you had, you said you had an aging infrastructure designed for an era that doesn't exist anymore, but you also had a number of tools. We've been talking about a consolidation a lot the last couple days. Yeah. How did, what did you consolidate and why with Palo Alto? >>So we had a great partner in Australia, incidentally also called Cube. Cube Networks. Yeah. That we worked with great >>Names. Yeah, right. >>So we, so we, we worked for Cube. We ran a, a form of tender process. And Palo Alto with, you know, Prisma access and Global Global Protect was the only, the only solution that gave us everything that we needed in terms of network modernization, the agility that we required. So for example, in our theme part, we want to send out a hotdog cart or an ice cream cart, and that becomes, all of a sudden you got a new branch that I want to spin up this branch in 10 minutes and then I wanna spin it back down again. So from agility perspective, from a flexibility perspective, the security that, that we wanted, you know, from a zero trust perspective, and they were the only, certainly from a zero trust perspective, they're probably the only vendor that, that exists that, that actually provided the, the, all those capabilities. >>And did you consolidate tools or you were in the process of consolidating tools now? >>Yeah, so we actually, we actually consolidated down to, to, to a, to a single vendor. And in my previous role I had, I had implemented SD WAN before and you know, interoperability is a, is a major issue in the IT industry. I think there's, it's probably the only industry in the, the only industry I can think of certainly that where we, we ship products that aren't ready. They're not of all the features, they, they don't have all the features that they should have. They're their plans. They were releasing patches, releasing additional features every, every couple of months. So, you know, if you, if if Ford sold the card, I said, Hey, you're gonna give you backseats in a couple of months, they'd be uproar. But, but we do that all the time in, in it. So I had, when I previously implemented an Sdwan transformation, I had products from two tier one vendors that just didn't talk to one another. And so when I went and spoke to those vendors, they just went, well, it's not me. It's clearly, clearly those guys. So, so there's a lot to be said for having a, you know, a champion team rather than a team of champions. And Palo Alto have got that full stack fully integrated that was, you know, exactly meant what we were looking for. >>They've been talking a lot the last couple days about integration and it, and I've talked with some of their executives and some analysts as well, including Dave about that seems to be a differentiator for them because they really focus on that. Their m and a strategy is very, it seems to be very clear and there's purpose on that backend integration instead of leaving it to the customer, like Village Road show to do it. They also talked a lot about the consolidation. I'm just curious, Michael, in terms of like what you've heard at the show in the last couple of days. >>Yeah, I mean I've been hearing to same mess, but actually we've, we've lived in a >>You're living it. That's what I wanted to >>Know. So, so, you know, we had a choice of, you know, do you try and purchase so-called best of breed products and then put a lot of effort into integrating them and trying to get them to work, which is not really what we want to spend time doing. I don't, I don't wanna be famous for, you know, integration and, you know, great infrastructure. I want to be, I want Village to be famous for delivering great experiences to our customers. Memories that last a lifetime. And you know, when kids grow up in Australia, they, everybody remembers going to the theme parks. That's what, that's what I want our team to be doing and to be delivering those great experiences, not to be trying to plug together bits of software and it may or may not work and have vendors pointing at one another and then we are left carrying the cannon and holding the >>Baby. So what was the before and after, can you give us a sense as to how life changed, you know, pre that consolidation versus post? >>Yeah, so our, our, our infrastructure, say our infrastructure was designed for, you know, the, you know, old ways of working where we had you knowm routers that were, you know, not designed for cloud, for modern traffic, including cloud Destin traffic, an old MPLS network. We used to back haul all the traffic from, from our branches back to central location run where we've got, you know, firewall walls, we've got a dmz, we could run advanced inspection services on that. So if you had a branch that wanted to access a website that was housed next door, even if it was across the country, then it would, we would pull that all the way back to Melbourne. We would apply advanced inspection services to it, send it up to the cloud out back across the country. Traffic would come back, come down to us, back out to our branch. >>So you talk about crossing the country four times, even at the website is, is situated next door now with, with our sasi sdwan transformation just pops out to the cloud now straight away. And the, the difference in performance for our, for our team and for our customers, it, it's phenomenal. So you'll talk about saving minutes, you know, on a log on and, and seconds then and on, on an average transaction and second zone sound like a lot. But when you, it's every click up, they're saving a second and add up. You're talking about thousands of man hours every month that we've saved. >>If near Zuke were sitting right here and said, what could we do better? You know, what do you need from us that we're not delivering today that you want to, you want us to deliver that would change your life. Yeah, >>There's two things. One, one of which I think they're all, they're already doing, but I actually haven't experienced myself. It's around the autonomous digital experience management. So I've now got a thousand users who are sitting at home and they've got, when they've got a problem, I don't know, is it, is it my problem or is it their problem? So I know that p were working on a, an A solution that digital experience solution, which can actually tell, well actually know you're sitting in your kitchen and your routes in your front room, maybe you should move closer to the route. So there, there they, that's one thing. And the second thing is using AI to tell me things that I wouldn't be able to figure out with a human training. A lot of time sifting through data. So things like where I've potentially overcompensated and, you know, overdelivered on the network and security side or of potentially underdelivered on a security side. So having AI to, you know, assess all of those millions and probably billions of, you know, transactions and packets that are moving around our network and say, Hey, you could optimize it more if you, if you dial this down or dial this up. >>So you said earlier we, this industry has a habit of shipping products before, you know they're ready. So based on your experience, seems like, first of all, it sounds like you got a at least decent technical background as well. When do you expect to have that capability? Realistically? When can we expect that as an industry? >>I think I, I think, like I said, the the rate and nature of change is, is, I think it's accelerating. The halflife of degree is short. I think when I left university, what I, what I learned in first year was, was obsolete within five years, I'd say now it's probably obsolete of you. What'd you learn in first year? It's probably obsolete by the time you finish your degree. >>Six months. Yeah, >>It's true. So I think the, the, the rate of change and the, the partnership that I see Palo building with the likes of AWS and Google and that and how they're coming together to, to solve, to jointly solve these problems is I think we will see this within 12 months. >>Who, who are your clouds? You got multiple clouds >>Or We got multiple clouds. Mostly aws, but there are certain things that we run that run in run in Azure as well. We, we don't really have much in GCP or, or, or some of the other >>Azure for collaboration and teams, stuff like that. >>Ah, we, we run, we run SAP that's we hosted in, in Azure and our cinema ticketing system is, is was run in Azure. It's, it was only available in, in in Azure the time we're mo we are mostly an AWS >>Shop. And what do you do with aws? I mean, pretty much everything else is >>Much every, everything else, anything that's customer facing our websites, they give us great stability. Great, great availability, great performance, you know, we've had and, and, and, and a very variable as well. So, we'll, you know, our, our pattern of selling movie tickets is typically, you know, fairly flat except when, you know, there's a launch of a, of a new movie. So all of a sudden we might say you might sell, you know, at 9:00 AM when, you know, spider-Man went on sale last year, I think we sold 100 times the amount of tickets in the forest, 10 minutes. So our website didn't just scale look beautifully, just took in all of that extra traffic scale up. We're at only any intervention and then scale back down >>Taylor Swift needs that she does need that. So yeah. And so is your vision to have Palo Alto networks security infrastructure have be a common sort of layer across those clouds and maybe even some on-prem? Is it, are you, are you working toward that? Yeah, >>We, yeah, we, yeah, we, we'd love to have, you know, our end, our end customers don't really care about the infrastructure that we run. They won't be >>Able to unless it breaks. >>Unless it breaks. Yeah. They wanna be able to go to see a movie. Do you wanna be able to get on a rollercoaster? They wanna be able to go, you know, play around around a top golf. So having that convergence and that seamless integration of working across cloud network security now for most of our team, they, they don't know and they don't need to know. In fact, I, I frankly don't want them to know and be, be thinking about networks and clouds. I kind of want them thinking about how do we sell more cinema tickets? How do we give a great experience to our guests? How do we give long lasting lifetime memories to, to the people who come visit our parks? >>That's what they want. They want that experience. Right. I'd love to get your final thoughts on, we, we had you give a great overview of the ch the role that you play as Chief transformation officer. You own digital transformation, you want business transformation. What advice would you give to either other treat chief transformation officers, CISOs, CSOs, CEOs about partnering, what's the right partner to really improve your security posture? >>I think there's, there's two things. One is if you haven't looked at this in the last two years and made some changes, you're outta date. Yeah. Because the world has changed. We've seen, I mean, I've heard somebody say it was two decades worth of, I actually think it's probably five 50 years worth of change in, in Australia in terms of working habits. So one, you need to do something. Yeah. Need to, you need to have a look at this. The second thing I think is to try and partner with someone that has similar values to your organization. So Village is a, it's a wonderful, innovative company. Very agile. So the, like the, the concept of gold class cinema, so, you know, big proceeds, recliners, waiter service, elevated foods concept that, that was invented by village in 1997. Thank you. And we had thanks finally came to the states so decade later, I mean we would've had the CEO of every major cinema chain in the world come to come to Melbourne and have a look at what Village is doing and go, yeah, we're gonna export that back around around the world. It's probably one of, one of Australia's unknown exports. Yeah. So it's, yeah, so, so partnering. So we've got a great innovation history and we'd like to think of ourselves as pretty agile. So working with partners who are, have a similar thought process and, and managed to an outcome and not to a contract Yeah. Is, is important for us. >>It's all about outcomes. And you've had some great outcomes, Michael, thank you for joining us on the program, walking us through Village Roadshow, the challenges that you had, how you tackled them, and, and next time I think I'm in a movie theater and I'm in reclining chair, I'm gonna think about you and village. So thank you. We appreciate your insights, your time. Thank you. Thanks Michael. For Michael Fagan and Dave Valante. I'm Lisa Martin. You've been watching The Cube. Our live coverage of Palo Alto Networks. Ignite comes to an end. We thank you so much for watching. We appreciate you. You're watching the Cube, the leader in live enterprise and emerging emerging tech coverage next year. >>Yeah.

Published Date : Dec 15 2022

SUMMARY :

The Cube presents Ignite 22, brought to you by Palo Alto Welcome back to Vegas, guys and girls, it's great to have you with us. I always love to have the customer on you get you get right to the heart of the matter. It's great to have you It's a pleasure to be here. us a little bit about Village Roadshow so the audience gets an understanding of all of the things that you guys do cuz theme And we also distribute and produce movies and TV shows. all that stuff, you know, and so it's good. do you get to drive from a transformation perspective? So in my role as Chief Transformation officer, I support the rest of the executive We want, you know, just overnight, that kind of inverted and, you know, you had people working from home So from a security perspective, you obviously had to respond to that and we heard a lot about endpoint So that gave you an opportunity to look at what we were doing and essentially for an era that doesn't exist anymore, but you also had a number of tools. So we had a great partner in Australia, incidentally also called Cube. Yeah, right. that we wanted, you know, from a zero trust perspective, and they were the only, fully integrated that was, you know, exactly meant what we were looking for. it to the customer, like Village Road show to do it. That's what I wanted to you know, integration and, you know, great infrastructure. consolidation versus post? back to central location run where we've got, you know, firewall walls, we've got a dmz, So you talk about crossing the country four times, even at the website is, is situated next door now You know, what do you need from us that we're not delivering today that you want to, you want us to deliver that would change So things like where I've potentially overcompensated and, you know, overdelivered on the network So you said earlier we, this industry has a habit of shipping products before, It's probably obsolete by the time you finish your degree. Yeah, So I think the, the, the rate of change and the, the partnership that I see Palo Mostly aws, but there are certain things that we run that run in run mo we are mostly an AWS I mean, pretty much everything else is So all of a sudden we might say you might sell, So yeah. We, yeah, we, yeah, we, we'd love to have, you know, you know, play around around a top golf. we, we had you give a great overview of the ch the role that you play as Chief transformation So one, you need to do something. Roadshow, the challenges that you had, how you tackled them, and, and next time I think I'm in a movie theater

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Kirk Bresniker, HPE | SuperComputing 22


 

>>Welcome back, everyone live here at Supercomputing 22 in Dallas, Texas. I'm John for host of the Queue here at Paul Gillin, editor of Silicon Angle, getting all the stories, bringing it to you live. Supercomputer TV is the queue right now. And bringing all the action Bresniker, chief architect of Hewlett Packard Labs with HP Cube alumnis here to talk about Supercomputing Road to Quantum. Kirk, great to see you. Thanks for coming on. >>Thanks for having me guys. Great to be >>Here. So Paul and I were talking and we've been covering, you know, computing as we get into the large scale cloud now on premises compute has been one of those things that just never stops. No one ever, I never heard someone say, I wanna run my application or workload on slower, slower hardware or processor or horsepower. Computing continues to go, but this, we're at a step function. It feels like we're at a level where we're gonna unleash new, new creativity, new use cases. You've been kind of working on this for many, many years at hp, Hewlett Packard Labs, I remember the machine and all the predecessor r and d. Where are we right now from your standpoint, HPE standpoint? Where are you in the computing? It's as a service, everything's changing. What's your view? >>So I think, you know, you capture so well. You think of the capabilities that you create. You create these systems and you engineer these amazing products and then you think, whew, it doesn't get any better than that. And then you remind yourself as an engineer. But wait, actually it has to, right? It has to because we need to continuously provide that next generation of scientists and engineer and artists and leader with the, with the tools that can do more and do more frankly with less. Because while we want want to run the program slower, we sure do wanna run them for less energy. And figuring out how we accomplish all of those things, I think is, is really where it's gonna be fascinating. And, and it's also, we think about that, we think about that now, scale data center billion, billion operations per second, the new science, arts and engineering that we'll create. And yet it's also what's beyond what's beyond that data center. How do we hook it up to those fantastic scientific instruments that are capable to generate so much information? We need to understand how we couple all of those things together. So I agree, we are at, at an amazing opportunity to raise the aspirations of the next generation. At the same time we have to think about what's coming next in terms of the technology. Is the silicon the only answer for us to continue to advance? >>You know, one of the big conversations is like refactoring, replatforming, we have a booth behind us that's doing energy. You can build it in data centers for compute. There's all kinds of new things. Is there anything in the paradigm of computing and now on the road to quantum, which I know you're involved, I saw you have on LinkedIn, you have an open rec for that. What paradigm elements are changing that weren't in play a few years ago that you're looking at right now as you look at the 20 mile stair into quantum? >>So I think for us it's fascinating because we've had a tailwind at our backs my whole career, 33 years at hp. And what I could count on was transistors got at first they got cheaper, faster and they use less energy. And then, you know, that slowed down a little bit. Now they're still cheaper and faster. As we look in that and that Moore's law continues to flatten out of it, there has to be something better to do than, you know, yet another copy of the prior design opening up that diversity of approach. And whether that is the amazing wafer scale accelerators, we see these application specific silicon and then broadening out even farther next to the next to the silicon. Here's the analog computational accelerator here is now the, the emergence of a potential quantum accelerator. So seeing that diversity of approaches, but what we have to happen is we need to harness all of those efficiencies and yet we still have to realize that there are human beings that need to create the application. So how do we bridge, how do we accommodate the physical of, of new kinds of accelerator? How do we imagine the cyber physical connection to the, to the rest of the supercomputer? And then finally, how do we bridge that productivity gap? Especially not for people who like me who have been around for a long time, we wanna think about that next generation cuz they're the ones that need to solve the problems and write the code that will do it. >>You mentioned what exists beyond silicon. In fact, are you looking at different kinds of materials that computers in the future will be built upon? >>Oh absolutely. You think of when, when we, we look at the quantum, the quantum modalities then, you know, whether it is a trapped ion or a superconducting, a piece of silicon or it is a neutral ion. There's just no, there's about half a dozen of these novel systems because really what we're doing when we're using a a quantum mechanical computer, we're creating a tiny universe. We're putting a little bit of material in there and we're manipulating at, at the subatomic level, harnessing the power of of, of quantum physics. That's an incredible challenge. And it will take novel materials, novel capabilities that we aren't just used to seeing. Not many people have a helium supplier in their data center today, but some of them might tomorrow. And understanding again, how do we incorporate industrialize and then scale all of these technologies. >>I wanna talk Turkey about quantum because we've been talking for, for five years. We've heard a lot of hyperbole about quantum. We've seen some of your competitors announcing quantum computers in the cloud. I don't know who's using these, these computers, what kind of work they're being used, how much of the, how real is quantum today? How close are we to having workable true quantum computers and what can you point to any examples of how it's being, how that technology is being used in the >>Field? So it, it remains nascent. We'll put it that way. I think part of the challenge is we see this low level technology and of course it was, you know, professor Richard Fineman who first pointed us in this direction, you know, more than 30 years ago. And you know, I I I trust his judgment. Yes. You know that there's probably some there there especially for what he was doing, which is how do we understand and engineer systems at the quantum mechanical level. Well he said a quantum mechanical system's probably the way to go. So understanding that, but still part of the challenge we see is that people have been working on the low level technology and they're reaching up to wondering will I eventually have a problem that that I can solve? And the challenge is you can improve something every single day and if you don't know where the bar is, then you don't ever know if you'll be good enough. >>I think part of the approach that we like to understand, can we start with the problem, the thing that we actually want to solve and then figure out what is the bespoke combination of classical supercomputing, advanced AI accelerators, novel quantum quantum capabilities. Can we simulate and design that? And we think there's probably nothing better to do that than than an next to scale supercomputer. Yeah. Can we simulate and design that bespoke environment, create that digital twin of this environment and if we, we've simulated it, we've designed it, we can analyze it, see is it actually advantageous? Cuz if it's not, then we probably should go back to the drawing board. And then finally that then becomes the way in which we actually run the quantum mechanical system in this hybrid environment. >>So it's na and you guys are feeling your way through, you get some moonshot, you work backwards from use cases as a, as a more of a discovery navigational kind of mission piece. I get that. And Exoscale has been a great role for you guys. Congratulations. Has there been strides though in quantum this year? Can you point to what's been the, has the needle moved a little bit a lot or, I mean it's moving I guess to some, there's been some talk but we haven't really been able to put our finger on what's moving, like what need, where's the needle moved I >>Guess in quantum. And I think, I think that's part of the conversation that we need to have is how do we measure ourselves. I know at the World Economic Forum, quantum Development Network, we had one of our global future councils on the future of quantum computing. And I brought in a scene I EEE fellow Par Gini who, you know, created the international technology roadmap for semiconductors. And I said, Paulo, could you come in and and give us examples, how was the semiconductor community so effective not only at developing the technology but predicting the development of technology so that whether it's an individual deciding if they should change careers or it's a nation state deciding if they should spend a couple billion dollars, we have that tool to predict the rate of change and improvement. And so I think that's part of what we're hoping by participating will bring some of that road mapping skill and technology and understanding so we can make those better reasoned investments. >>Well it's also fun to see super computing this year. Look at the bigger picture, obviously software cloud natives running modern applications, infrastructure as code that's happening. You're starting to see the integration of, of environments almost like a global distributed operating system. That's the way I call it. Silicon and advancements have been a big part of what we see now. Merchant silicon, but also dpu are on the scene. So the role role of silicon is there. And also we have supply chain problems. So how, how do you look at that as a a, a chief architect of h Hewlett Packard Labs? Because not only you have to invent the future and dream it up, but you gotta deal with the realities and you get the realities are silicon's great, we need more of that quantums around the corner, but supply chain, how do you solve that? What's your thoughts and how do you, how, how is HPE looking at silicon innovation and, and supply chain? >>And so for us it, it is really understanding that partnership model and understanding and contributing. And so I will do things like I happen to be the, the systems and architectures chapter editor for the I eee International Roadmap for devices and systems, that community that wants to come together and provide that guidance. You know, so I'm all about telling the semiconductor and the post semiconductor community, okay, this is where we need to compute. I have a partner in the applications and benchmark that says, this is what we need to compute. And when you can predict in the future about where you need to compute, what you need to compute, you can have a much richer set of conversations because you described it so well. And I think our, our senior fellow Nick Dubey would, he's coined the term internet of workflows where, you know, you need to harness everything from the edge device all the way through the extra scale computer and beyond. And it's not just one sort of static thing. It is a very interesting fluid topology. I'll use this compute at the edge, I'll do this information in the cloud, I want to have this in my exoscale data center and I still need to provide the tool so that an individual who's making that decision can craft that work flow across all of those different resources. >>And those workflows, by the way, are complicated. Now you got services being turned on and off. Observability is a hot area. You got a lot more data in in cycle inflow. I mean a lot more action. >>And I think you just hit on another key point for us and part of our research at labs, I have, as part of my other assignments, I help draft our AI ethics global policies and principles and not only tell getting advice about, about how we should live our lives, it also became the basis for our AI research lab at Shewl Packard Labs because they saw, here's a challenge and here's something where I can't actually believe, maintain my ethical compliance. I need to have engineer new ways of, of achieving artificial intelligence. And so much of that comes back to governance over that data and how can we actually create those governance systems and and do that out in the open >>That's a can of worms. We're gonna do a whole segment on that one, >>On that >>Technology, on that one >>Piece I wanna ask you, I mean, where rubber meets the road is where you're putting your dollars. So you've talked a lot, a lot of, a lot of areas of, of progress right now, where are you putting your dollars right now at Hewlett Packard Labs? >>Yeah, so I think when I draw, when I draw my 2030 vision slide, you know, I, for me the first column is about heterogeneous, right? How do we bring all of these novel computational approaches to be able to demonstrate their effectiveness, their sustainability, and also the productivity that we can drive from, from, from them. So that's my first column. My section column is that edge to exoscale workflow that I need to be able to harness all of those computational and data resources. I need to be aware of the energy consequence of moving data, of doing computation and find all of that while still maintaining and solving for security and privacy. But the last thing, and, and that's one was a, one was a how one was aware. The last thing is a who, right? And is is how do we take that subject matter expert? I think of a, a young engineer starting their career at hpe. It'll be very different than my 33 years. And part of it, you know, they will be undaunted by any, any scale. They will be cloud natives, maybe they metaverse natives, they will demand to design an open cooperative environment. So for me it's thinking about that individual and how do I take those capabilities, heterogeneous edge to exito scale workflows and then make them productive. And for me, that's, that's where we were putting our emphasis on those three. When, where and >>Who. Yeah. And making it compatible for the next generation. We see the student cluster competition going on over there. This is the only show that we cover that we've been to that is from the dorm room to the boardroom and this cuz Supercomputing now is elevating up into that workflow, into integration, multiple environments, cloud, premise, edge, metaverse. This is like a whole nother world. >>And, and, but I think it's, it's the way that regardless of which human pursuit you're in, you know, everyone is going to be demand simulation and modeling ai, ML and massive data m l and massive data analytics that's gonna be at heart of, of everything. And that's what you see. That's what I love about coming here. This isn't just the way we're gonna do science. This is the way we're gonna do everything. >>We're gonna come by your booth, check it out. We've talked to some of the folks, hpe obviously HPE Discover this year, GreenLake with center stage, it's now consumption is a service for technology. Whole nother ballgame. Congratulations on, on all this. I would say the massive, I won't say pivot, but you know, a change >>It >>Is and how you guys >>Operate. And you know, it's funny sometimes you think about the, the pivot to as a services benefiting the customer, but as someone who has supported designs over decades, you know, that ability to to to operate and at peak efficiency, to always keep in perfect operating order and to continuously change while still meeting the customer expectations that actually allows us to deliver innovation to our customers faster than when we are delivering warranted individual packaged products. >>Kirk, thanks for coming on Paul. Great conversation here. You know, the road to Quantum's gonna be paved through computing supercomputing software integrated workflows from the dorm room to the boardroom to Cube, bringing all the action here at Supercomputing 22. I'm Jacque Forer with Paul Gillin. Thanks for watching. We'll be right back.

Published Date : Nov 16 2022

SUMMARY :

bringing it to you live. Great to be I remember the machine and all the predecessor r and d. Where are we right now from At the same time we have to think about what's coming next in terms of the technology. You know, one of the big conversations is like refactoring, replatforming, we have a booth behind us that's And then, you know, that slowed down a little bit. that computers in the future will be built upon? And understanding again, how do we incorporate industrialize and true quantum computers and what can you point to any examples And the challenge is you can improve something every single day and if you don't know where the bar is, I think part of the approach that we like to understand, can we start with the problem, lot or, I mean it's moving I guess to some, there's been some talk but we haven't really been able to put And I think, I think that's part of the conversation that we need to have is how do we need more of that quantums around the corner, but supply chain, how do you solve that? in the future about where you need to compute, what you need to compute, you can have a much richer set of Now you got services being turned on and off. And so much of that comes back to governance over that data and how can we actually create That's a can of worms. a lot of, a lot of areas of, of progress right now, where are you putting your dollars right And part of it, you know, they will be undaunted by any, any scale. This is the only show that we cover that we've been to that And that's what you see. the massive, I won't say pivot, but you know, a change And you know, it's funny sometimes you think about the, the pivot to as a services benefiting the customer, You know, the road to Quantum's gonna be paved through

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Jenn Saavedra, Dell Technology Summit


 

>>Okay, we're back with Jen Vera, who's the Chief Human Resource Officer of Dell, and we're gonna discuss people, culture and hybrid work and leadership in the post isolation economy. Jen, the conversations that we had at Dell Tech World this past May around the new work environment were some of the most interesting and engaging that I had personally. So I'm really eager to, to get the update. It's great to see you again. Thanks for coming on the cube. >>Thanks for having me, Dave. There's been a lot of change, just a short amount of time, so I'm excited to, to share some of our learnings with >>You. I, I mean, I'll bet there has, I mean, post pandemic companies, they're trying, everybody's trying to figure out the return to work and, and what it looks like. You know, last May there was really a theme of flexibility, but depending, we talked about, well, millennial or not young old, and it's just really was mixed, but, so how have you approached the topic? What, what are your policies? What's changed since we last talked? You know, what's working, you know, what's still being worked? What would you recommend to other companies to over to you? >>Yeah. Well, you know, this isn't a topic that's necessarily new to Dell technology. So we've been doing hybrid before. Hybrid was a thing, so for over a decade we've been doing what we called connected workplace. So we have kind of a, a history and we have some great learnings from that. Although things did change for the entire world. You know, March of 2020, we went from kind of this hybrid to everybody being remote for a while. But what we wanted to do is, we're such a data driven company. There's so many headlines out there, you know, about all these things that people think could happen will happen, but there wasn't a lot of data behind it. So we took a step back and we asked our team members, How do you think we're doing? And we asked very kind of strong language, because we've been doing this for a while. >>We asked them, Do you think we're leading in the world of hybrid? And 86% of our team members said that were, which is great, but we always know there's nuance right behind that macro level. So we, we asked them a lot of different questions and we just went on this kind of myth busting journey and we decided to test some of those things. We're hearing about Culture Willow Road or new team members will have trouble being connected or millennials will be different. And we really just collected a lot of data, asked our team members what their experiences. And what we have found is really, you don't have to be together in the office all the time to have a strong culture, a sense of connection, to be productive and to have a really healthy business. >>Well, I like that you were data driven around it with the data business here. So, but, but there is a lot of debate around your culture and how it suffers in a hybrid environment and how remote workers won't get, you know, promoted. And so I'm curious, you know, and I've, and I've seen some like-minded companies like Dell say, Hey, we want you guys to work the way you wanna work. But then they've, I've seen them adjust and say, Well, yeah, but we also want you to know in the office, be so we can collaborate a little bit more. So what are you seeing at Dell and, and, and how do you maintain that cultural advantage that you're alluding to in this kind of strange, new ever changing world? >>Yeah. Well, I think, look, one approach doesn't fit all. So I don't think that the approach that works for Dell Technologies is necessarily the approach that works for every company. It works with our strategy and culture. It is really important that we listen to our team members and that we support them through this journey. You know, they tell us time and time again, one of the most special things about our culture is that we provide flexibility and choice. So we're not a mandate culture. We really want to make sure that our team members know that we want them to be their best and do their best. And not every individual role has the same requirements. Not every individual person has the same needs. And so we really wanna meet them where they are so that they can be productive. They feel connected to the team and to the company and engaged and inspired. >>So, you know, for, for us, it really does make sense to go forward with this. And so we haven't, we haven't taken a step back. We've been doing hybrid, We'll continue to do hybrid, but just like if you, you know, we talk about not being a mandate. I think the companies that say nobody will come in or you have to come in three days a week, all of that feels more limiting. And so what we really say is, work out with your team, work out with your role work, workout with your leader, what really makes the most sense to drive things forward. >>I, >>You were, were talking, that's >>What we, you were talking before about myths and you know, the, I wanna talk about team member performance cuz there's a lot of people believe that if, if you're not in the office, you have disadvantages, People in the office have the advantage cuz they get FaceTime. Is is that a myth? You know, is there some truth to that? What, what do you think about that? >>Well, for us, you know, we look, again, we just looked at the data. So we said we don't wanna create a have and have not culture that you're talking about. We really wanna have an inclusive culture. We wanna be outcome driven, we're meritocracy. But we went and we looked at the data. So pre pandemic, we looked at things like performance. We looked at rewards and recognition, we looked at attrition rates, we looked at sentiment, Do you feel like your leader is inspiring? And we found no meaningful differences in any of that or in engagement between those who worked fully remote, fully in the office or some combination between. So our data would bust that myth and say, it doesn't, you don't have to be in an office and be seen to get ahead. We have equitable opportunity. Now, having said that, you always have to be watching that data. And that's something that we'll continue to do and make sure that we are creating equal opportunity regardless of where >>You work. And it's personal too, I think, I think some people can be really productive at home. I happen to be one that I'm way more productive in the office cause the dogs aren't barking. I have less distractions. And so, yeah, I think we think, and I think the takeaway that in just in talking to, to, to you Jen and, and folks at Dell is, you know, whatever works for you, we're we're gonna, we're gonna support. So I, I wanted to switch gears a little bit and talk about leadership and, and very specifically empathic leadership has been said to be, have a big impact on attracting talent, retaining talent, but, but it's hard to have empathy sometimes. And I know I saw some stats in a recent Dell study. It was like two thirds the people felt like their organization underestimates the people requirements. And I, I ask myself, I'm like, Hmm, what am I missing? You know, with our folks. So especially as it relates to, to transformation programs. So how can human resource practitioners support business leaders generally, specifically as it relates to leading with empathy? >>I think empathy's always been important. You have to develop trust. You can have the best strategy in the world, right? But if you don't feel like your leader understands who you are, appreciates the the value that you bring to the company, then you're not gonna get very far. So I think empathetic leadership has always been part of the foundation of a trusting, strong relationship between a leader and a team member. But if I think we look back on the last two years, and I imagine it'll be even more so as we go forward, empathetic leadership will be even more important. There's so much going on in the world, politically, socially, economically, that taking that time to say you want your team members to see you as credible, that you and confident that you can take us forward, but also that, you know, and understand me as a human being. >>And that to me is really what it's about. And I think with regard to transformation that you brought up, I think one of the things we forget about as leaders, we've probably been thinking about a decision or a transformation for months or weeks and we're ready to go execute, We're ready to go operationalize that thing. And so sometimes when we get to that point, because we've been talking about it for so long, we sent out the email, we have the all hands and we just say we're ready to go. But our team members haven't always been on that journey for those months that we have. And so I think that empathetic moment to say, Okay, not everybody is on this change curve where I am. Let's take a pause, let me put myself in their shoes and really think about how we bring everybody along. Culture. >>You know, Jen, in the spirit of myth busting, I mean I'm one of those people who felt like that a business is gonna have a hard time, harder time fostering this culture of collaboration and innovation in post isolation economy as they, they could pre covid. But you know, I notice there's, there's an announcement today that came across my desk, I think it's from Newsweek. Yes. And, and it's the list of top hundred companies recognized for employee motivation satisfaction. And it was really interesting because you, you always see, oh, we're the top 10 or the top hundred, But this says as a survey of 1.4 million employees from companies ranging from 50 to 10,000 employees. And it recognizes the companies that put respect, caring, and appreciation for their employees at the center of their business model and doing so have earned the loyalty and respect of the people who work for them. >>Number one of the lists is Dell sap. So congratulations. SAP was number two. I mean, there really isn't any other tech company on there, certainly no large tech companies on there. So I always see these lists, they go, Yeah, okay, that's cool. Top a hundred, whatever. But top one in, in, in an industry where there's only two in the top is, is pretty impressive. And how does that relate to fostering my earlier skepticism of a culture of collaboration? So first of all, congratulations, you know, how'd you do it and how are you succeeding in, in this new world? >>Well thanks. It does feel great to be number one, but you know, it doesn't happen by accident. And I think while most companies have a, a culture and a spouse values, we have ours called the culture code. But it's really been very important to us that it's not just a poster on the wall or or words on paper. And so we embed our culture code into all of our HR practices, that whole ecosystem from recognition rewards to performance evaluation, to interviewee to development. We build it into everything. So it really reflects who we are and you experience it every day. And then to make sure that we're not, you know, fooling ourselves, we ask all of our employees, do you feel like the behaviors you see and the experience you have every day reflects the culture code? And 94% of our team members say that, in fact it does. So I think that that's really been kind of the secret to our success. If you, if you listen to Michael Dell, he'll always say, you know, the most special thing about Dell is our culture and our people. And that comes through being very thoughtful and deliberate to preserve and protect and continue to focus on our culture. >>Don't you think too that repetition and, well first of all, belief in that cultural philosophy is, is important and then kind of repeating, like you said, Yeah, it's not just a poster on the wall, but I remember like, you know, when we're kids, your parents tell you, okay, power a positive thinking, do want to others as others, you know, you have others do it to you. Don't make the see you're gonna do some dumb things but don't do the same dumb things twice and you sort of fluff it up. But then as you mature you say, Wow, actually those were, >>That you might have had a >>Were instilled in me and now I'm bringing them forward and you know, paying it forward. But, but so it, my, I guess my, my point is, and it's kind of a point observation, but I'll turn it into a question, is isn't isn't consistency and belief in your values really, really important? >>I couldn't agree with you more, right? I think that's one of those things that we talk about it all the time and as an HR professional, you know, it's not the HR people just talking about our culture, it's our business leaders, it's our ceo, it's our CEOs, it's our partners. We share our culture code with our partners and our vendors and our suppliers and, and everybody, this is important. We say when you interact with anybody at Dell Technologies, you should expect that this is the experience that you're gonna get. And so it is something that we talk about that we embed in, into everything that we do. And I think it's, it's really important that you don't just think it's a one and done cuz that's not how things really, really work >>Well. It's a culture of respect. You know, high performance, high expectations, accountability, having followed the company and worked with the company for many, many years, you always respect the dignity of your partners and your people. So really appreciate your time Jen. Again, congratulations on being number one. >>Thank you so much. >>You're very welcome. Okay. You've been watching a special presentation of the Cube inside Dell Technology Summit 2022. Remember, these episodes are all available on demand@thecube.net and you can check out silicon angle.com for all the news and analysis. And don't forget to check out wikibon.com each week for a new episode of breaking analysis. This is Dave Ante, thanks for watching and we'll see you next time.

Published Date : Oct 13 2022

SUMMARY :

It's great to see you again. so I'm excited to, to share some of our learnings with You know, what's working, you know, what's still being worked? you know, about all these things that people think could happen will happen, And what we have found is really, you don't have to be together in the office And so I'm curious, you know, And so we really wanna meet them where they are so that they can be productive. And so we haven't, we haven't taken a step back. What, what do you think about that? and recognition, we looked at attrition rates, we looked at sentiment, Do you feel like your leader is to, to you Jen and, and folks at Dell is, you know, whatever works for you, socially, economically, that taking that time to say you want your team members to And I think with regard to transformation that you But you know, So first of all, congratulations, you know, how'd you do it and how are you succeeding And then to make sure that we're not, you know, fooling ourselves, we ask all of our employees, it's not just a poster on the wall, but I remember like, you know, when we're kids, your parents tell you, okay, Were instilled in me and now I'm bringing them forward and you know, paying it forward. the time and as an HR professional, you know, it's not the HR people just talking accountability, having followed the company and worked with the company for many, many years, you always respect and we'll see you next time.

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Dell Technology Summit


 

>>As we said in our analysis of Dell's future, the transformation of Dell into Dell emc and now Dell Technologies has been one of the most remarkable stories in the history of the technology industry. After years of successfully integrated EMC and becoming VMware's number one distribution channel, the metamorphosis of Dell com culminated in the spin out of VMware from Dell and a massive wealth creation milestone pending, of course the Broadcom acquisition of VMware. So where's that leave Dell and what does the future look like for this technology powerhouse? Hello and welcome to the Cube's exclusive coverage of Dell Technology Summit 2022. My name is Dave Ante and I'll be hosting the program today In conjunction with the Dell Tech Summit. We'll hear from four of Dell's senior executives. Tom Sweet is the CFO of Dell Technologies. He's gonna share his views of the company's position and opportunities and answer the question, why is Dell good long term investment? >>Then we'll hear from Jeff Boudreau was the president of Dell's ISG business unit. He's gonna talk about the product angle and specifically how Dell is thinking about solving the multi-cloud challenge. And then Sam Grow Cot is the senior vice president of marketing's gonna come in the program and give us the update on Apex, which is Dell's as a service offering and a new edge platform called Project Frontier. By the way, it's also Cybersecurity Awareness Month, and we're gonna see if Sam has any stories there. And finally, for a company that's nearly 40 years old, Dell has some pretty forward thinking philosophies when it comes to its culture and workforce. And we're gonna speak with Jen Savira, who's Dell's chief Human Resource officer about hybrid work and how Dell is thinking about the future of work. We're gonna geek out all day and talk multi-cloud and edge and latency, but first, let's talk wallet. Tom Sweet cfo, and one of Dell's key business architects. Welcome back to the cube, >>Dave, it's good to see you and good to be back with you. So thanks for having me, Jay. >>Yeah, you bet. Tom. It's been a pretty incredible past 18 months. Not only the pandemic and all that craziness, but the VMware spin, you had to give up your gross margin binky as kidding, and, and of course the macro environment. I'm so sick of talking about the macro, but putting that aside for a moment, what's really remarkable is that for a company at your size, you've had some success at the top line, which I think surprised a lot of people. What are your reflections on the last 18 to 24 months? >>Well, Dave, it's been an incredible, not only last 18 months, but the whole transformation journey. If you think all the way back maybe to the LBO and forward from there, but, you know, stepping into the last 18 months, it's, you know, I, I think I remember talking with you and saying, Hey, you know, this scenario planning we did at the beginning of this pandemic journey was, you know, 30 different scenarios roughly, and none of which sort of panned out the way it actually did, which was a pretty incredible growth story as we think about how we helped customers, you know, drive workforce productivity, enabled their business model during the all remote work environment. That was the pandemic created. And couple that with the, you know, the, the rise then and the infrastructure spin as we got towards the tail end of the, of the pandemic coupled with, you know, the spin out of VMware, which culminated last November, as you know, as we completed that, which unlocked a pathway back to investment grade within unlocked, quite frankly shareholder value, capital allocation frameworks. It's really been a remarkable, you know, 18, 24 months. It's, it's never dull at Dell Technologies. Lemme put it that way. >>Well, well, I was impressed with you, Tom, before the leverage buyout and then what I've seen you guys navigate through is, is, is truly amazing. Well, let's talk about the challenging macro. I mean, I've been through a lot of downturns, but I've never seen anything quite like this with fed tightening and you're combating inflation, you got this recession looming, there's a bear market you got, but you got zero unemployment, you're rising wages, strong dollar, and it's very confusing. But it spending is, you know, it's somewhat softer, but it's still not bad. How are you seeing customers behave? How is Dell responding? >>Yeah, look, if you think about the markets we play in Dave, and we should start there as a grounding, you know, the, the total market, the core market that we think about is roughly 700 and, you know, 50 billion or so. If you think about our core IT services capability, you couple that with some of the, the growth initiatives that we're driving and the adjacent markets that that, that brings in, you're roughly talking a 1.4 to $1.5 trillion market opportunity, total addressable market. And so from from that perspective, we're extraordinarily bullish on where are we in the journey as we continue to grow and expand. You know, we have, we're number one share in just about every category that we plan, but yet when you look at that, you know, number one share in some of these, you know, our highest share position may be, you know, low thirties and maybe in the high end of storage you're at the upper end of thirties or 40%. >>But the opportunity there to continue to expand the core and, and continue to take share and outperform the market is truly extraordinary. So, so you step back and think about that, then you say, okay, what have we seen over the last number of months and quarters? It's been, you know, really great performance through the pandemic as, as you highlighted, we actually had a really strong first half of the year of our fiscal year 23 with revenue up 12% operating income up 12% for the first half. You know, what we talked about as you, if you might recall in our second quarter earnings, was the fact that we were starting to see softness. We had seen it in the consumer PC space, which is not a big area of focus for us in the sense of our, our total revenue stream, but we started to see commercial PC soften and we were starting to see server demand soften a bit and storage demand was, was holding quite frankly. >>And so we gave a a framework around guidance for the rest of the year as a, of what we were seeing. You know, the macro environment as you highlight it continues to be challenging. You know, if you look at inflation rates and the efforts by central banks across the globe to with through interest rate rise to press down and, and constrain growth and push down inflation, you couple that with supply chain challenges that continue principle, particularly in the ISG space. And then you couple that with the Ukraine war and the, and the energy crisis that that's created. And particularly in Europe, it's a pretty dynamic environment. And, but I'm confident, you know, I'm confident in the long term, but I do think that there is, you know, that there's navigation that we're going to have to do over the coming number of quarters, who knows quite how long, you know, to, to make sure the business is properly positioned and, you know, we've got a great portfolio and you're gonna talk to some of the team LA later on as you think your way through some of the solution capabilities we're driving what we're seeing around technology trends. >>So the opportunities there, there's some short term navigation that we're gonna need to do just to make sure that we address some of the, you know, some of the environmental things that we're seeing right >>Now. Yeah. And as a global company, of course you're converting local currencies back to appreciated dollars. That's, that's, that's another headwind. But as you say, I mean, that's math and you're navigating it. And again, I've seen a lot of downturns, but you know, the best companies not only weather the storm, but they invest in ways they that allow them to cut out, come out the other side stronger. So I wanna talk about that longer term opportunity, the relationship between the core, the the business growth. You mentioned the tam, I mean, even as a lower margin business, if, if you can penetrate that big of a tam, you could still throw off a lot of cash and you've got other levers to turn in potentially acquisitions and software. And, but so ultimately what gives you confidence in Dell's future? How should we think about Dell's future? >>Yeah, look, I, I think it comes down to we are extraordinarily excited about the opportunity over the long term digital transformation continues. I I am on numerous customer and CIO calls every week. Customers are continuing to invest in digital transformation and infrastructure to enable their business model. Yes, maybe it's gonna slow or, or pause or maybe they're not gonna invest quite at the same rate over the next number of quarters, but over the long term the needs are there. You look at what we're doing around the, the growth opportunities that we see, not only in our core space where we continue to invest, but also in the, what we call the strategic adjacencies. Things like 5G and modern telecom infrastructure as our, the telecom providers across the globe open up their, what a cl previous been closed ecosystems, you know, to open architecture. You think about, you know, what we're doing around the edge and the distribution now that we're seeing of compute and storage back to the edge given data gravity and latency matters. >>And so we're pretty bullish on the opportunity in front of us, you know, yes, we will and we're continuing to invest and you know, Jeff Boudreau talk about that I think later on in the program. So I'm excited about the opportunities and you look at our cash flow generation capability, you know, we are in, in, in normal times a, a cash flow generation machine and we'll continue to do so, You know, we've got a negative, you know, CCC in terms of, you know, how do we think about efficiency of working capital? And we look at our, you know, our capital allocation strategy, which has now returned, you know, somewhere in near 60% of our free cash flow back to shareholders. And so, you know, there's lots to, lots of reasons to think about why this, you know, we are a great sort of, I think value creation opportunity and a over the long term that the long term trends are with us, and I expect them to continue to be so, >>Yeah, and you guys, you, you, you do what you say you're gonna do. I mean, I said in my, in my other piece that I did recently, I think you guys put 46 billion on the, on the, on the balance sheet in terms of debt. That's down to I think 16 billion in the core, which that's quite remarking and that gives you some other opportunities. Give us your, your closing thoughts. I mean, you kind of just addressed why Dell is a good long term play, but I'll give you an opportunity to bring us home. >>Hey, Dave. Yeah, look, I, I just think if you look at the good, the market opportunity, the size and scale of Dell and how we think about the competitive advantages that we have, we com you know, if you look at, say we're a hundred billion revenue company, which we were a year, you know, last year, that as we reported roughly 60, 65 billion of that in the client, in in PC space, roughly, you know, 35 to 40 billion in the ISG or infrastructure space, those markets are gonna continue the opportunity to grow, share, grow at a premium to the market, drive, cash flow, drive, share gain is clearly there. You couple that with, you know, what we think the opportunity is in these adjacent markets, whether it's telecom, the edge, what we're thinking around data services, data management, you know, we, and you cut, you put that together with the long term trends around, you know, data creation and digital transformation. We are extraordinarily well positioned. We have the largest direct selling organization in in the technology space. We have the largest supply chain, our services footprint, you know, well positioned in my mind to take advantage of the opportunities as we move forward. >>Well Tom, really appreciate you taking the time to speak with us. Good to see you again. >>Nice seeing you. Thanks Dave. >>All right. You're watching the Cubes exclusive behind the scenes coverage of Dell Technology Summit 2022. In a moment, I'll be back with Jeff Boudreau. He's the president of Dell's ISG Infrastructure Solutions Group. He's responsible for all the important enterprise business at Dell, and we're excited to get his thoughts, keep it right there. >>Welcome back to the cube's exclusive coverage of the Dell Technology Summit. I'm Dave Ante and we're going inside with Dell execs to extract the signal from the noise. And right now we're gonna dig into customer requirements in a data intensive world and how cross cloud complexities get resolved from a product development perspective and how the ecosystem fits in to that mosaic to close the gaps and accelerate innovation. And with me now as friend of the cube, Jeff Boudreau, he's the president of the Infrastructure Solutions Group, ISG at Dell Technologies. Jeff, always good to see you. Welcome. >>You too. Thank you for having me. It's great to see you and thanks for having me back on the cube. I'm thrilled to be here. >>Yeah, it's our pleasure. Okay, so let's talk about what you're observing from customers today. You know, we talk all the time about operating in a data driven multi-cloud world, blah, blah, blah, blah. But what does that all mean to you when you have to translate that noise into products that solve specific customer problems, Jeff? >>Sure. Hey, great question. And everything always starts with our customers. There are motivation, they're top of mind, everything we do, my leadership team and I spend a lot of time with our customers. We're listening, we're learning, we're really understanding their pain points, and we wanna get their feedback in regards to our solutions, both turn and future offerings, really ensure that we're aligned to meeting their business objectives. I would say from these conversations, I'd say customers are telling us several things. First, it's all about data for no surprise going back to your opening. And second, it's about the multi-cloud world. And I'd say the big thing coming from all of this is that both of those are driving a ton of complexity for our customers. And I'll unpack that just a bit, which is first the data. As we all know, data is growing at unprecedented rates with more than 90% of the world's data being produced in the last two years alone. >>And you can just think of that in it's everywhere, right? And so as it as the IT world shifts towards distributed compute to support that data growth and that data gravity to really extract more value from that data in real time environments become inherently more and more hybrid and more and more multi-cloud. Which leads me to the second key point that I've been hearing from our customers, which it's a multi-cloud world, not new news. Customers by default have multiple clouds running across multiple locations that's on-prem and off-prem, it's running at the edge and it's serving a variety of different needs. Unfortunately, for most of our CU customers, multi-cloud is actually added to their complexity. As we've discussed. It's been a lot more of multi-cloud by default versus multi-cloud by design. And if you really think about our customers, I mean, I, I, I've talking to 'EM all the time, you think about the data complexity, that's the growth and the gravity. >>You think about their infrastructure complexity shifting from central to decentralized it, you think about multi-cloud complexity. So you have these walled gardens, if you will. So you have multiple vendors and you have these multiple contracts that all creates operational complexity for their teams around their processes of their tools. And then you think about security complexity that that dries with the, just the increased tax service and the list goes on. So what are we seeing for our customers? They, what they really want from us, and what they're asking us for is simplicity, not complexity. The immediacy, not latency. They're asking for open and aligned versus I'd say siloed and closed. And they're looking for a lot more agility and not rigidity in what we do. So they really wanna simplify everything. They're looking for a simpler IT and a more agile it. And they want more control of their data, right? >>And so, and they want to extract more of the value to enrich their business or their customer engagements, which all sounds pretty obvious and we've probably all heard it a bunch, but it's really hard to achieve. And that's where I believe, and we believe as Dell that we, it creates a big opportunity for us to really help our customers as that great simplifier of it. We're already doing this today on just a couple quick examples. First is Salesforce. We've supported recently, we've supported their global expansion with a multi-cloud solution to help them drive their business growth. Our solution delivered a reliable and consistent IT experience. We go back to that complexity and it was across a very distributed environment, including more than 60 data centers, 230 countries and hundreds of thousands of customers. It really provided Salesforce with the flexibility of placing workloads and data in an environment based on the right service level. >>Objective things like cost complexity or even security compliance considerations. The second customer A is a big New England Patriot fan. And Dan, Dave, I know you are as well. Oh yeah, this one's near, near data to my heart, it's the craft group. We just created a platform to span all the businesses that create more, I'd say data driven, immersive, secure experience, which is allowing them to capture data at the edge and use it for real time insights for things like cyber resiliency, but also like safety of the facilities. And as being a PA fan like I am, did they truly are meeting us where we are in our seats on their mobile devices and also in the parking lot. So just keep that in mind next time you're there. The bottom line, everything we're doing is really to make it simpler for our customers and to help them get the most of their data. I'd say we're gonna do this, is it through a multi-cloud by design approach, which we talked a lot about with you and and others at Dell Tech world earlier this year, >>Right? And we had Salesforce on, actually at Dell Tech group. The craft group is interesting because, you know, when you get to the stadium, you know, everybody's trying to get, get, get out to the internet and, and, but then the experience is so much better if you can actually, you know, deal with that edge. So I wanna talk about complexity though. You got data, you got, you know, the, the edge, you got multiple clouds, you got a different operating model across security model, different. So a lot of times in this industry we solve complexity with more complexity and it's like a bandaid. So I wanna, I wanna talk to, to how you're innovating around simplicity in ISG to address this complexity and what this means for Dell's long term strategy. >>Sure, I'd love to. So first I, I'd like to state the obvious, which are our investments in our innovations really focused on advancing, you know, our, our our customers needs, right? So we are really, our investments are gonna be targeted. We, we believe customers can have the most value. And some of that's gonna be around how we create strategic partnerships as well connected to what we just spoke about. Much of the complexity of customers have or experiencing is in the orchestration and management of all the data in all these different places and customers, you know, they must be able to quickly deploy and operate across cloud environments. They need to increase their developer productivity, really enabling those developers that do what they do best, which is creating more value for their customers than for their businesses. Our innovation efforts are really focused on addressing this by delivering an open and modern IT architecture that allows customers to run and manage any workload in any cloud anywhere. >>Data lives we're focused on, also focused on consumption based solutions, which allow for a greater degree of simplicity and flexibility, which they're really asking for as well. The foundation for this is our software to define common storage layer, that common storage layer. You can think about this Dave, as our ias if you will. It underpins our data access in mobility across all data types and locations. So you can think private, public, telecom, colo, edge, and it's delivered in a secure, holistic, and consistent cloud experience through Apex. We are making a ton of progress to let you just to be, just to be clear, we've made headway in things like Project Alpine, which you're very well aware of. This is our storage as a service. We announce this back in in January, which brings our unique software IP from our flagship storage platform to all the major public clouds. >>Really delivering the best of both worlds, allowing our customers to take advantage of Dell's enterprise class data services and storage software, such as performance at scale, resiliency, efficiency and security. But in addition to that, we're leveraging the breadth of the public cloud services, right? They're on demand scaling capabilities and access to analytical services. So in addition, we're really, we're, we're on our way to win at the edge as well with Project Frontier, which reduces complexity at the edge by creating an open and secure software platform to help our customers simplify their edge operations, optimize their edge environments and investments, secure that edge environment as well. I believe you're gonna be discussing Project Frontier here with Sam Gro Crop, the very near future. So I won't give up too many more details there. And lastly, we're also scaling Apex, which, oh, well, shifting from our vision, really shifting from vision to reality and introducing several new Apex service offerings, which are coming to market over the next month or so. And the intent is really supporting our customers on their as a service transitions by modernize the consumption experience and providing that flexible as a service model. Ultimately, we're trying to help our customers achieve that multi-cloud by design to really simplify it and unlock the power of their data. >>So some good examples there. I I like to talk about the super Cloud as you, you know, you're building on top of the, you know, hyperscale infrastructure and you got Apex is your cloud, the common storage layer, you call it your is. And that's, that's a ingredient in what we call the super cloud out to the edge. You have to have a common platform there and one of the hallmarks of a cloud company. And as you become a cloud company, everybody's a cloud company ecosystem becomes really, really important in terms of product development and, and innovation. Matt Baker always loves to stress it's not a zero zero sum game. And, and I think Super Cloud recognizes that, that there's value to be built on top of other clouds and, and, and of course on top of your infrastructure so that your ecosystem can add value. So what role does the ecosystem play there? >>For me, it's, it's pretty clear. It's, it's, it's critical. I can't say that enough above the having an open ecosystem. Think about everything we just discussed, and I agree with your super cloud analogy. I agree with what Matt Baker had said to you, I would certain no one company can actually address all the pain points and all the issues and challenges our customers are having on their own, not one. I think customers really want and deserve an open technology ecosystem, one that works together. So not these close stacks that discourages interoperability or stifles innovation and productivity of our, of each of our teams. We del I guess have a long history of supporting open ecosystems that really put customers first. And to be clear, we're gonna be at the center of the multi-cloud ecosystem and we're working with partners today to make that a reality. >>I mean, just think of what we're doing with VMware. We continue to build on our first and best alliances with them in August at their VMware explorer, which I know you were at, we announced several joint engineering initiatives to really help customers more easily manage and gain value from their data and their infrastructure. For multi-cloud specifically, we strength our relationship with VMware and with Tansu as part of that. In addition, just a few weeks ago we announced our partnership with Red Hat to simplify our multi-cloud deployments for managing containerized workloads. I'd say, and using your analogy, I could think of that as our multicloud platform. So that's kind of our PAs layer, if you will. And as you're aware, we have a very long standing and strategic partnership with Microsoft and I'd say stay tuned. There's a lot more to come with them and also others in this multicloud space. >>Shifting a bit to some of the growth engines that my team's responsible for the edge, right? As you think about data being everywhere, we've established partnerships for the Edge as well with folks like PTC and Litmus for the manufacturing edge, but also folks like Deep North for the retail edge analytics and data management. Using your Supercloud analogy, Dave the sa, right? This is our Sasa, we've announced that we're collaborating, partnering with folks like Snowflake and, and there's other data management companies as well to really simplify data access and accelerate those data insights. And then given customers choice of where they'd like to have their IT and their infrastructure, we've we're expanding our colo partnerships as well with folks like eex and, and they're allowing us to broaden our availability of Apex, providing customers the flexibility to take advantage of those as a service offerings wherever it's delivered and where they can get the most value. So those are just some you can hear from me. I think it's critical not only for, for us, I think it's critical for our customers. I think it's been critical, critical for the entire, you know, industry as a whole to really have that open technology ecosystem as we work with our customers on our multi-cloud solutions really to meet their needs. We'll continue to collaborate with whoever customers choose and you know, and who they want us to do business with. So I'd say a lot more coming in that space. >>So it's been an interesting three years for you, just, just over three years now since you've been made the president of the IS isg. And so you had to dig in and, and it was obviously a strange time around the world, but, but you really had to look at, okay, how do we modernize the platform? How do we make it, you know, cloud first, You've mentioned the edge, we're expanding. So what are the big takeaways? What do you want customers and our audience to understand? Just some closing thoughts and if you could summarize. >>Sure. So I'd say first, you know, we discussed we're working in a very fast paced, ever-changing market with massive amounts of data that needs to be managed. It's very complex and our customers need help with that complexity. I believe that Dell Technologies is uniquely positioned to help as their multicloud champion. No one else can solve the breadth and depth of the challenges like we can. And we're gonna help our customers move forward when they basically moving from a multi-cloud by default, as we've discussed before, to multicloud by design. And I'm really excited for the opportunity to work with our customers to help them expand that ecosystem as they truly realize the future of it and, and what they're trying to accomplish. >>Jeff, thanks so much. Really appreciate your time. Always a pleasure. Go pats and we'll see you on the blog. >>Thanks Dave. >>All right, you're watching exclusive insight insights from Dell Technology Summit on the cube, your leader in enterprise and emerging tech coverage. >>Hello everyone, this is Dave Lanta and you're watching the Cubes coverage of the Dell Technology Summit 2022 with exclusive behind the scenes interviews featuring Dell executive perspectives. And right now we're gonna explore Apex, which is Dell's as a service offering Dell's multi-cloud and edge strategies and the momentum around those. And we have news around Project Frontier, which is Dell's vision for its edge platform. And there's so much happening here. And don't forget it's cyber security Awareness month. Sam Grot is here, he's the senior vice president of marketing at Dell Technologies. Sam, always great to see you. How you doing? >>Always great to be here, Dave. >>All right, let's look at cloud. Everybody's talking about cloud Apex, multi-cloud, what's the update? How's it going? Where's the innovation and focal points of the strategy? >>Yeah, yeah. Look Dave, if you think back over the course of this year, you've really heard, heard us pivot as a company and discussing more and more about how multi-cloud is becoming a reality for our customers today. And when we listen and talk with our customers, they really describe multi-cloud challenges and a few key threads. One, the complexity is growing very, very quickly. Two, they're having a harder time controlling how their users are accessing the various different clouds. And then of course, finally the cloud costs are growing unchecked as well. So we, we like to describe this phenomenon as multi-cloud by design. We're essentially, organizations are waking up and seeing cloud sprawl around their organization every day. And this is creating more and more of those challenges. So of course at Dell we've got a strong point of view that you don't need to build multicloud by by default, rather it's multicloud by design where you're very intentional in how you do multicloud. >>And how we deliver multicloud by design is through apex. Apex is our modern cloud and our modern consumption experience. So when you think about the innovation as well, Dave, like we've been on a pretty quick track record here in that, you know, the beginning of this year we introduced brand new Apex backup services that provides that SAS based backup service. We've introduced or announced project outline, which is bringing our storage software, intellectual property from on-prem and putting it and running it natively in the public cloud. We've also introduced new Apex cyber recovery services that is simplifying how customers protect against cyber attacks. They can run an Amazon Azure, aw, I'm sorry, Amazon, aws, Azure or Google. And then, you know, we are really focused on this multi-cloud ecosystem. We announce key partnerships with SaaS providers such as Snowflake, where you can now access our information or our data from on-prem through the Snow Snowflake cloud. >>Or if needed, we can actually move the data to the Snowflake cloud if required. So we're continuing to build out that ecosystem SaaS providers. And then finally I would say, you know, we made a big strategic announcement just recently with Red Hat, where we're not only delivering new Apex container services, but we announce the strategic partnership to build jointly engineered solutions to address hybrid and multi-cloud solutions going forward. You know, VMware is gonna always continue to be a key partner of ours at the la at the recent VMware explorer we announced new Tansu integration. So, So Dave, I, I think in a nutshell we've been innovating at a very, very fast pace. We think there is a better way to do multi-cloud and that's multi-cloud by design. >>Yeah, we heard that at Dell Technologies world. First time I had heard that multi-cloud by design versus sort of default, which is great Alpine, which is sort of our, what we called super cloud in the making. And then of course the ecosystem is critical for any cloud company. VMware of course, you know, top partner, but the Snowflake announcement was very interesting Red Hat. So seeing that expand, now let's go out to the edge. How's it going with the edge expansion? There's gotta be new speaking of ecosystem, the edge is like a whole different, you know, OT type, that's right, ecosystem, that's telcos what and what's this new frontier platform all about? >>Yeah, yeah. So we've talked a lot about cloud and multi clouds, we've talked about private and hybrid cloud, we've talked about public clouds, clouds and cos, telcos, et cetera. There's really been one key piece of our multi-cloud and technology strategy that we haven't spent a lot of time on. And that's the edge. And we do see that as that next frontier for our customers to really gain that competitive advantage that is created from their data and get closer to the point of creation where the data lives. And that's at the edge. We see the edge infrastructure space growing very, very quickly. We see upwards of 300% year of year growth in terms of amount of data being created at the edge. That's almost 3000 exabytes of data by 2026. So just incredible growth. And the edge is not really new for Dell. We've been at it for over 20 years of delivering edge solutions. >>81% of the Fortune 100 companies in the US use Dell solutions today at the Edge. And we are the number one OEM provider of Edge solutions with over 44,000 customers across over 40 industries and things like manufacturing, retail, edge healthcare, and more. So Dave, while we've been at it for a long time, we have such a, a deep understanding of how our customers are using Edge solutions. Say the bottom line is the game has gotta change. With that growth that we talked about, the new use cases that are emerging, we've got to un unlock this new frontier for customers to take advantage of the edge. And that's why we are announcing and revealing Project Frontier. And Project Frontier in its most simplest form, is a software platform that's gonna help customers and organizations really radically simplify their edge deployments by automating their edge operations. You know, with Project Frontier organizations are really gonna be able to manage, OP, and operate their edge infrastructure and applications securely, efficiently and at scale. >>Okay, so it is, first of all, I like the name, it is software, it's a software architecture. So presumably a lot of API capabilities. That's right. Integration's. Is there hardware involved? >>Yeah, so of course you'll run it on Dell infrastructure. We'll be able to do both infrastructure orchestration, orchestration through the platform, but as well as application orchestration. And you know, really there's, there's a handful of key drivers that have been really pushing our customers to take on and look at building a better way to do the edge with Project Frontier. And I think I would just highlight a handful of 'em, you know, freedom of choice. We definitely see this as an open ecosystem out there, even more so at the Edge than any other part of the IT stack. You know, being able to provide that freedom of choice for software applications or I O T frameworks, operational technology or OT for any of their edge use cases, that's really, really important. Another key area that we're helping to solve with Project Frontier is, you know, being able to expect zero trust security across all their edge applications from design to deployment, you know, and of course backed by an end and secure supply chain is really, really important to customers. >>And then getting that greater efficiency and reliability of operations with the centralized management through Project Frontier and Zero Touch deployments. You know, one of the biggest challenges, especially when you get out to the far, far reach of the frontier is really IT resources and being able to have the IT expertise and we built in an enormous amount of automation helps streamline the edge deployments where you might be deploying a single edge solution, which is highly unlikely or hundreds or thousands, which is becoming more and more likely. So Dave, we do think Project Frontier is the right edge platform for customers to build their edge applications on now and certain, excuse me, certainly, and into the future. >>Yeah. Sam, no truck rolls. I like it. And you, you mentioned, you mentioned Zero trust. So we have Mother's Day, we have Father's Day. The kids always ask When's kids' day? And we of course we say every day is kids' day and every day should be cybersecurity awareness day. So, but we have cybersecurity awareness month. What does it mean for Dell? What are you hearing from customers and, and how are you responding? >>Yeah, yeah. No, there isn't a more prevalent pop of mind conversation, whether it's the boardroom or the IT departments or every company is really have been forced to reckon with the cybersecurity and ransom secure issues out there. You know, every decision in IT department makes impacts your security profile. Those decisions can certainly, positively, hopefully impact it, but also can negatively impact it as well. So data security is, is really not a new area of focus for Dell. It's been an area that we've been focused on for a long time, but there are really three core elements to cyber security and data security as we go forward. The first is really setting the foundation of trust is really, really important across any IT system. And having the right supply chain and the right partner to partner with to deliver that is kind of the foundation in step one. >>Second, you need to of course go with technology that is trustworthy. It doesn't mean you are putting it together correctly. It means that you're essentially assembling the right piece parts together. That, that coexist together in the right way. You know, to truly change that landscape of the attackers out there that are gonna potentially create risk for your environment. We are definitely pushing and helping to embrace the zero trust principles and architectures that are out there. So finally, while when you think about security, it certainly is not absolute all correct. Security architectures assume that, you know, there are going to be challenges, there are going to be pain points, but you've gotta be able to plan for recovery. And I think that's the holistic approach that we're taking with Dell. >>Well, and I think too, it's obviously security is a complicated situation now with cloud you've got, you know, shared responsibility models, you've got that a multi-cloud, you've got that across clouds, you're asking developers to do more. So I think the, the key takeaway is as a security pro, I'm looking for my technology partner through their r and d and their, you mentioned supply chain processes to take that off my plate so I can go plug holes elsewhere. Okay, Sam, put a bow on Dell Technology Summit for us and give us your closing thoughts. >>Yeah, look, I I think we're at a transformative point in it. You know, customers are moving more and more quickly to multi-cloud environments. They're looking to consume it in different ways, such as as a service, a lot of customers edge is new and an untapped opportunity for them to get closer to their customers and to their data. And of course there's more and more cyber threats out there every day. You know, our customers when we talk with them, they really want simple, consistent infrastructure options that are built on an open ecosystem that allows them to accomplish their goals quickly and successfully. And look, I think at Dell we've got the right strategy, we've got the right portfolio, we are the trusted partner of choice, help them lead, lead their, their future transformations into the future. So Dave, look, I think it's, it's absolutely one of the most exciting times in it and I can't wait to see where it goes from here. >>Sam, always fun catching up with you. Appreciate your time. >>Thanks Dave. >>All right. A Dell tech world in Vegas this past year, one of the most interesting conversations I personally had was around hybrid work and the future of work and the protocols associated with that and the mindset of, you know, the younger generation. And that conversation was with Jen Savira and we're gonna speak to Jen about this and other people and culture topics. Keep it right there. You're watching the cube's exclusive coverage of Dell Technology Summit 2022. Okay, we're back with Jen Vera, who's the chief human resource officer of Dell, and we're gonna discuss people, culture and hybrid work and leadership in the post isolation economy. Jen, the conversations that we had at Dell Tech World this past May around the new work environment were some of the most interesting and engaging that I had personally. So I'm really eager to, to get the update. It's great to see you again. Thanks for coming on the cube. >>Thanks for having me Dave. There's been a lot of change in just a short amount of time, so I'm excited to, to share some of our learnings >>With you. I, I mean, I bet there has, I mean, post pandemic companies, they're trying, everybody's trying to figure out the return to work and, and what it looks like. You know, last May there was really a theme of flexibility, but depending, we talked about, well, millennial or not young old, and it's just really was mixed, but, so how have you approached the topic? What, what are your policies? What's changed since we last talked? You know, what's working, you know, what's still being worked? What would you recommend to other companies to over to you? >>Yeah, well, you know, this isn't a topic that's necessarily new to Dell technology. So we've been doing hybrid before. Hybrid was a thing. So for over a decade we've been doing what we called connected workplace. So we have kind of a, a history and we have some great learnings from that. Although things did change for the entire world. You know, March of 2020, we went from kind of this hybrid to everybody being remote for a while. But what we wanted to do is, we're such a data driven company, there's so many headlines out there, you know, about all these things that people think could happen will happen, but there wasn't a lot of data behind it. So we took a step back and we asked our team members, How do you think we're doing? And we asked very kind of strong language because we've been doing this for a while. >>We asked them, Do you think we're leading in the world of hybrid in 86% of our team members said that we were, which is great, but we always know there's nuance right behind that macro level. So we, we asked 'em a lot of different questions and we just went on this kind of myth busting journey and we decided to test some of those things. We're hearing about Culture Willow Road or new team members will have trouble being connected or millennials will be different. And we really just collected a lot of data, asked our team members what their experience is. And what we have found is really, you don't have to be together in the office all the time to have a strong culture, a sense of connection, to be productive and to have it really healthy business. >>Well, I like that you were data driven around it in the data business here. So, but, but there is a lot of debate around your culture and how it suffers in a hybrid environment, how remote workers won't get, you know, promoted. And so I'm curious, you know, and I've, and I've seen some like-minded companies like Dell say, Hey, we, we want you guys to work the way you wanna work. But then they've, I've seen them adjust and say, Well yeah, but we also want you to know in the office be so we can collaborate a little bit more. So what are you seeing at Dell and, and, and how do you maintain that cultural advantage that you're alluding to in this kind of strange, new ever changing world? >>Yeah, well I think, look, one approach doesn't fit all. So I don't think that the approach that works for Dell Technologies isn't necessarily the approach that works for every company. It works with our strategy and culture. It is really important that we listen to our team members and that we support them through this journey. You know, they tell us time and time again, one of the most special things about our culture is that we provide flexibility and choice. So we're not a mandate culture. We really want to make sure that our team members know that we want them to be their best and do their best. And not every individual role has the same requirements. Not every individual person has the same needs. And so we really wanna meet them where they are so that they can be productive. They feel connected to the team and to the company and engaged and inspired. >>So, you know, for, for us, it really does make sense to go forward with this. And so we haven't, we haven't taken a step back. We've been doing hybrid, we'll continue to do hybrid, but just like if you, you know, we talk about not being a mandate. I think the companies that say nobody will come in or you have to come in three days a week, all of that feels more limiting. And so what we really say is, work out with your team, work out with your role, workout with your leader, what really makes the most sense to drive things forward. >>I >>You were, so >>That's what we, you were talking before about myths and you know, I wanna talk about team member performance cuz there's a lot of people believe that if, if you're not in the office, you have disadvantages, people in the office have the advantage cuz they get FaceTime. Is is that a myth? You know, is there some truth to that? What, what do you think about that? >>Well, for us, you know, we look, again, we just looked at the data. So we said we don't wanna create a have and have not culture that you're talking about. We really wanna have an inclusive culture. We wanna be outcome driven, we're meritocracy. But we went and we looked at the data. So pre pandemic, we looked at things like performance, we looked at rewards and recognition, we looked at attrition rates, we looked at sentiment, Do you feel like your leader is inspiring? And we found no meaningful differences in any of that or in engagement between those who worked fully remote, fully in the office or some combination between. So our data would bust that myth and say, it doesn't, you don't have to be in an office and be seen to get ahead. We have equitable opportunity. Now, having said that, you always have to be watching that data. And that's something that we'll continue to do and make sure that we are creating equal opportunity regardless of where you work. >>And it's personal too, I think, I think some people can be really productive at home. I happen to be one that I'm way more productive in the office cause the dogs aren't barking. I have less distractions. And so I think we think, and, and I think the takeaway that in just in talking to, to, to you Jen and, and folks at Dell is, you know, whatever works for you, we're we're gonna, we're gonna support. So I I wanted to switch gears a little bit, talk about leadership and, and very specifically empathic leadership has been said to be, have a big impact on attracting talent, retaining talent, but, but it's hard to have empathy sometimes. And I know I saw some stats in a recent Dell study. It was like two thirds the people felt like their organization underestimates the people requirements. And I, I ask myself, I'm like, what am I missing? I hope, you know, with our folks, so especially as it relates to, to transformation programs. So how can human resource practitioners support business leaders generally, specifically as it relates to leading with empathy? >>I think empathy's always been important. You have to develop trust. You can have the best strategy in the world, right? But if you don't feel like your leader understands who you are, appreciates the the value that you bring to the company, then you're not gonna get very far. So I think empathetic leadership has always been part of the foundation of a trusting, strong relationship between a leader and a team member. But if I think we look back on the last two years, and I imagine it'll be even more so as we go forward, empathetic leadership will be even more important. There's so much going on in the world, politically, socially, economically, that taking that time to say you want your team members to see you as credible, that you and confident that you can take us forward, but also that, you know, and understand me as a human being. >>And that to me is really what it's about. And I think with regard to transformation that you brought up, I think one of the things we forget about is leaders. We've probably been thinking about a decision or transformation for months or weeks and we're ready to go execute, we're ready to go operationalize that thing. And so sometimes when we get to that point, because we've been talking about it for so long, we send out the email, we have the all hands and we just say we're ready to go. But our team members haven't always been on that journey for those months that we have. And so I think that empathetic moment to say, Okay, not everybody is on a change curve where I am. Let's take a pause, let me put myself in their shoes and really think about how we bring everybody along. >>You know, Jen, in the spirit of myth busting, I mean I'm one of those people who felt like that a business is gonna have a hard time, harder time fostering this culture of collaboration and innovation post isolation economy as they, they could pre covid. But you know, I noticed there's a, there's an announcement today that came across my desk, I think it's from Newsweek. Yes. And, and it's the list of top hundred companies recognized for employee motivation satisfaction. And it was really interesting because you, you always see, oh, we're the top 10 or the top hundred, But this says as a survey of 1.4 million employees from companies ranging from 50 to 10,000 employees. And it recognizes the companies that put respect, caring, and appreciation for their employees at the center of their business model. And they doing so have earned the loyalty and respect of the people who work for them. >>Number one on the list is Dell sap. So congratulations SAP was number two. I mean, there really isn't any other tech company on there, certainly no large tech companies on there. So I always see these lists, they go, Yeah, okay, that's cool, top a hundred, whatever. But top one in, in, in an industry where there's only two in the top is, is pretty impressive. And how does that relate to fostering my earlier skepticism of a culture of collaboration? So first of all, congratulations, you know, how'd you do it? And how are you succeeding in, in this new world? >>Well thanks. It does feel great to be number one, but you know, it doesn't happen by accident. And I think while most companies have a, a culture and a spouse values, we have ours called the culture code. But it's really been very important to us that it's not just a poster on the wall or or words on paper. And so we embed our culture code into all of our HR practices, that whole ecosystem from recognition of rewards to performance evaluation, to interviewing, to development. We build it into everything. So it really reflects who we are and you experience it every day. And then to make sure that we're not, you know, fooling ourselves, we ask all of our employees, do you feel like the behaviors you see and the experience you have every day reflects the culture code? And 94% of our team members say that, in fact it does. So I think that that's really been kind of the secret to our success. If you, if you listen to Michael Dell, he'll always say, you know, the most special thing about Dell is our culture and our people. And that comes through being very thoughtful and deliberate to preserve and protect and continue to focus on our culture. >>Don't you think too that repetition and, well first of all, belief in that cultural philosophy is, is important. And then kind of repeating, like you said, Yeah, it's not just a poster in the wall, but I remember like, you know, when we're kids, your parents tell you, okay, power positive thinking, do one to others as others, you know, you have others do it to you. Don't make the say you're gonna do some dumb things but don't do the same dumb things twice and you sort of fluff it up. But then as you mature you say, Wow, actually those were, >>They might have had a >>Were instilled in me and now I'm bringing them forward and, you know, paying it forward. But, but so i, it, it, my, I guess my, my point is, and it's kind of a point observation, but I'll turn it into a question, is isn't isn't consistency and belief in your values really, really important? >>I couldn't agree with you more, right? I think that's one of those things that we talk about it all the time and as an HR professional, you know, it's not the HR people just talking about our culture, it's our business leaders, it's our ceo, it's our COOs ev, it's our partners. We share our culture code with our partners and our vendors and our suppliers and, and everybody, this is important. We say when you interact with anybody at Dell Technologies, you should expect that this is the experience that you're gonna get. And so it is something that we talk about that we embed in, into everything that we do. And I think it's, it's really important that you don't just think it's a one and done cuz that's not how things really, really work >>Well. And it's a culture of respect, you know, high performance, high expectations, accountability at having followed the company and worked with the company for many, many years. You always respect the dignity of your partners and your people. So really appreciate your time Jen. Again, congratulations on being number one. >>Thank you so much. >>You're very welcome. Okay. You've been watching a special presentation of the cube inside Dell Technology Summit 2022. Remember, these episodes are all available on demand@thecube.net and you can check out s silicon angle.com for all the news and analysis. And don't forget to check out wikibon.com each week for a new episode of breaking analysis. This is Dave Valante, thanks for watching and we'll see you next time.

Published Date : Oct 11 2022

SUMMARY :

My name is Dave Ante and I'll be hosting the program today In conjunction with the And we're gonna speak with Jen Savira, Dave, it's good to see you and good to be back with you. all that craziness, but the VMware spin, you had to give up your gross margin binky as the spin out of VMware, which culminated last November, as you know, But it spending is, you know, it's somewhat softer, but it's still not bad. category that we plan, but yet when you look at that, you know, number one share in some of these, So, so you step back and think about that, then you say, okay, what have we seen over the last number of months You know, the macro environment as you highlight it continues to be challenging. And again, I've seen a lot of downturns, but you know, the best companies not only weather the storm, You think about, you know, And so, you know, in my other piece that I did recently, I think you guys put 46 billion the edge, what we're thinking around data services, data management, you know, Good to see you again. Nice seeing you. He's responsible for all the important enterprise business at Dell, and we're excited to get his thoughts, how the ecosystem fits in to that mosaic to close the gaps and accelerate It's great to see you and thanks for having me back on the cube. But what does that all mean to you when you have to translate And I'd say the big thing coming from all of this is that both of those are driving And if you really think about our customers, I mean, I, I, I've talking to 'EM all the time, you think about the data complexity, And then you think about security complexity that that dries And that's where I believe, and we believe as Dell that we, it creates a big opportunity for us to really help And Dan, Dave, I know you are as well. you know, when you get to the stadium, you know, everybody's trying to get, get, get out to the internet all the data in all these different places and customers, you know, to let you just to be, just to be clear, we've made headway in things like Project Alpine, And the intent is really supporting And as you become And to be clear, So that's kind of our PAs layer, if you will. We'll continue to collaborate with whoever customers choose and you know, How do we make it, you know, cloud first, You've mentioned the edge, we're expanding. the opportunity to work with our customers to help them expand that ecosystem as they truly realize the Go pats and we'll see you All right, you're watching exclusive insight insights from Dell Technology Summit on the cube, And right now we're gonna explore Apex, which is Dell's as a service offering Where's the innovation and focal points of the strategy? So of course at Dell we've got a strong point of view that you don't need to build multicloud So when you think about you know, we made a big strategic announcement just recently with Red Hat, There's gotta be new speaking of ecosystem, the edge is like a whole different, you know, And that's the edge. And we are the number one OEM provider of Edge solutions with over 44,000 Okay, so it is, first of all, I like the name, it is software, And I think I would just highlight a handful of 'em, you know, freedom of choice. the edge deployments where you might be deploying a single edge solution, and, and how are you responding? And having the right supply chain and the right partner you know, there are going to be challenges, there are going to be pain points, but you've gotta be able to plan got, you know, shared responsibility models, you've got that a multi-cloud, you've got that across clouds, And look, I think at Dell we've got the right Sam, always fun catching up with you. with that and the mindset of, you know, the younger generation. There's been a lot of change in just a short amount of time, You know, what's working, you know, what's still being worked? So we took a step back and we asked our team members, How do you think we're doing? And what we have found is really, you don't have to be together in the office we want you guys to work the way you wanna work. And so we really wanna you know, we talk about not being a mandate. That's what we, you were talking before about myths and you know, I wanna talk about team member performance cuz Well, for us, you know, we look, again, we just looked at the data. I hope, you know, with our folks, socially, economically, that taking that time to say you want your team members And I think with regard to transformation that you But you know, So first of all, congratulations, you know, how'd you do it? And then to make sure that we're not, you know, fooling ourselves, it's not just a poster in the wall, but I remember like, you know, when we're kids, your parents tell you, Were instilled in me and now I'm bringing them forward and, you know, paying it forward. the time and as an HR professional, you know, it's not the HR people just talking the dignity of your partners and your people. And don't forget to check out wikibon.com each

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Jenn Saavedra, Dell Technologies | Dell Technologies Summit 2022


 

>>Okay, we're back with Jen Vera, who's the Chief Human Resource Officer of Dell, and we're gonna discuss people, culture and hybrid work and leadership in the post isolation economy. Jen, the conversations that we had at Dell Tech World this past May around the new work environment were some of the most interesting and engaging that I had personally. So I'm really eager to, to get the update. It's great to see you again. Thanks for coming on the cube. >>Thanks for having me, Dave. There's been a lot of change and just a short amount of time, so I'm excited to, to share some of our learnings with >>You. I, I mean, I bet there has, I mean, post pandemic companies, they're trying, everybody's trying to figure out the return to work and, and what it looks like. You know, last May there was really a theme of flexibility, but depending, we talked about, well, millennial or not young old, and it's just really was mixed, but, so how have you approached the topic? What, what are your policies? What's changed since we last talked? You know, what's working, what's still being worked? What would you recommend to other companies to over to you? >>Yeah. Well, you know, this isn't a topic that's necessarily new to Dell technology. So we've been doing hybrid before. Hybrid was a thing, so for over a decade we've been doing what we called connected workplace. So we have kind of a, a history and we have some great learnings from that. Although things did change for the entire world. You know, March of 2020, we went from kind of this hybrid to everybody being remote for a while. But what we wanted to do is, we're such a data driven company. There's so many headlines out there, you know, about all these things that people think could happen will happen, but there wasn't a lot of data behind it. So we took a step back and we asked our team members, How do you think we're doing? And we asked very kind of strong language, because we've been doing this for a while. >>We asked them, Do you think we're leading in the world of hybrid? And 86% of our team members said that we were, which is great, but we always know there's nuance right behind that macro level. So we, we asked them a lot of different questions and we just went on this kind of myth busting journey and we decided to test some of those things. We're hearing about Culture Willow Road or new team members will have trouble being connected or millennials will be different. And we really just collected a lot of data, asked our team members what their experiences. And what we have found is really, you don't have to be together in the office all the time to have a strong culture, a sense of connection, to be productive and to have a really healthy business. >>Well, I like that you were data driven around it with the data business here. So, but, but there is a lot of debate around your culture and how it suffers in a hybrid environment, how remote workers won't get, you know, promoted. And so I'm curious, you know, and I've, and I've seen some like-minded companies like Dell say, Hey, we, we want you guys to work the way you wanna work. But then they've, I've seen them adjust and say, Well, yeah, but we also want you to know in the office, so, so we can collaborate a little bit more. So what are you seeing at Dell and, and, and how do you maintain that cultural advantage that you're alluding to in this kinda strange new ever changing world? >>Yeah. Well, I think, look, one approach doesn't fiddle. So I don't think that the approach that works for Dell Technologies is necessarily the approach that works for every company. It works with our strategy and culture. It is really important that we listen to our team members and that we support them through this journey. You know, they tell us time and time again, one of the most special things about our culture is that we provide flexibility and choice. So we're not a mandate culture. We really want to make sure that our team members know that we want them to be their best and do their best. And not every individual role has the same requirements. Not every individual person has the same needs. And so we really wanna meet them where they are so that they can be productive. They feel connected to the team and to the company and engaged and inspired. >>So, you know, for, for us, it really does make sense to go forward with this. And so we haven't, we haven't taken a step back. We've been doing hybrid, we'll continue to do hybrid, but just like if you, you know, we talk about not being a mandate. I think the companies that say nobody will come in or you have to come in three days a week, all of that feels more limiting. And so what we really say is, work out with your team, work out with your role, workout with your leader, what really makes the most sense to drive things forward. >>I >>Mean, you talking, So that's >>What we do. You were talking before about myths and you know, I wanna talk about team member performance cuz there's a lot of people believe that if, if you're not in the office, you have disadvantages, People in the office have the advantage cuz they get FaceTime. Is is that a myth? You know, is there some truth to that? What, what do you think about that? >>Well, for us, you know, we look, again, we just looked at the data. So we said we don't wanna create a have and have not culture that you're talking about. We really wanna have an inclusive culture, We wanna be outcome driven, we're meritocracy. But we went and we looked at the data. So pre pandemic, we looked at things like performance, we looked at rewards and recognition, we looked at attrition rates, we looked at sentiment, Do you feel like your leader is inspiring? And we found no meaningful differences in any of that or in engagement between those who worked fully remote, fully in the office or some combination between. So our data would bust that myth and say, it doesn't, you don't have to be in an office and be seen to get ahead. We have equitable opportunity. Now, having said that, you always have to be watching that data and that's something that we'll continue to do and make sure that we are creating equal opportunity regardless of where you work. >>And it's personal too, I think, I think some people can be really productive at home. I happen to be one that I'm way more productive in the office cuz the dogs aren't barking. I have less distractions. And so, yeah, I think we think, and I think the takeaway that in just in talking to, to, to you Jen and, and folks at Dell is, you know, whatever works for you, we're we're gonna, we're gonna support. So I, I wanted to switch gears a little bit and talk about leadership and, and very specifically empathic leadership has been said to be, have a big impact on attracting talent, retaining talent, but, but it's hard to have empathy sometimes. And I know I saw some stats in a recent Dell study. It was like two thirds the people felt like their organization underestimates the people requirements. And I, I asked myself, I'm like, Hmm, what am I missing? You know, with our folks. So especially as it relates to, to transformation programs. So how can human resource practitioners support business leaders generally, specifically as it relates to leading with empathy? >>I think empathy's always been important. You have to develop trust. You can have the best strategy in the world, right? But if you don't feel like your leader understands who you are, appreciates the the value that you bring to the company, then you're not gonna get very far. So I think empathetic leadership has always been part of the foundation of a trusting, strong relationship between a leader and a team member. But if I think we look back on the last two years, and I imagine it'll be even more so as we go forward, empathetic leadership will be even more important. There's so much going on in the world, politically, socially, economically, that taking that time to say you want your team members to see you as credible, that you and confident that you can take us forward, but also that, you know, and understand me as a human being. >>And that to me is really what it's about. And I think with regard to transformation that you brought up, I think one of the things we forget about is leaders. We've probably been thinking about a decision or transformation for months or weeks and we're ready to go execute, we're ready to go operationalize that thing. And so sometimes when we get to that point, because we've been talking about it for so long, we send out the email, we have the all hands and we just say we're ready to go. But our team members haven't always been on that journey for those months that we have. And so I think that empathetic moment to say, Okay, not everybody is honest change curve where I am. Let's take a pause, let me put myself in their shoes and really think about how we bring everybody along the journey. >>You know, Jen, in the spirit of myth busting, I mean I'm one of those people who felt like that a business is gonna have a hard time, harder time fostering this culture of collaboration and innovation post isolation economy as they, they could pre covid. But you know, I notice there's, there's an announcement today that came across my desk, I think it's from Newsweek. Yes. And, and it's the list of top hundred companies recognized for employee motivation satisfaction. And it was really interesting because you know, you always see, oh, we're the top 10 or the top hundred, But this says as a survey of 1.4 million employees from companies ranging from 50 to 10,000 employees. And it recognizes the companies that put respect, caring, and appreciation for their employees at the center of their business model. And in doing so, have earned the loyalty and respect of the people who worked for them. >>Number one on the list is Dell sap. So congratulations. SAP was number two. I mean, there really isn't any other tech company on there, certainly no large tech companies on there. So I always see these lists like go, yeah, okay, that's cool, top a hundred, whatever. But top one in, in, in an industry where there's only two in the top is, is pretty impressive. And how does that relate to fostering my earlier skepticism of a culture of collaboration? So first of all, congratulations, you know, how'd you do it? And how are you succeeding in, in this new world? >>Well thanks. It does feel great to be number one, but you know, it doesn't happen by accident. And I think while most companies have a, a culture and a spouse values, we have ours called the culture code. But it's really b been very important to us that it's not just a poster on the wall or or words on paper. And so we embed our culture code into all of our HR practices, that whole ecosystem from recognition rewards to performance evaluation, to interviewee to development. We build it into everything. So it really reflects who we are and you experience it every day. And then to make sure that we're not, you know, fooling ourselves, we ask all of our employees, do you feel like the behaviors you see and the experience you have every day reflects the culture code? And 94% of our team members say that, in fact it does. So I think that that's really been kind of the secret to our success. If you, if you listen to Michael Dell, he'll always say, you know, the most special thing about Dell is our culture and our people. And that comes through being very thoughtful and deliberate to preserve and protect and continue to focus on our culture. >>Don't you think too that repetition and, well first of all, belief in that cultural philosophy is, is important. And then kind of repeating, like you said, Yeah, it's not just a poster on the wall, but I remember like, you know, when we're kids, your parents tell you, okay, power positive thinking, do one to others as others, you know, you have others do it to you. Don't make this, you're gonna do some dumb things but don't do the same dumb things twice and you sort of fluff it up. But then as you mature you say, Wow, actually those were, >>They might have had a, values >>Were instilled in me and now I'm bringing them forward and, you know, paying it forward. But, but, so I guess my, my point is, and it's kind of a point observation, but I'll turn it into a question, is isn't isn't consistency and belief in your values really, really important? >>I couldn't agree with you more, right? I think that's one of those things that we talk about it all the time and as an HR professional, you know, it's not the HR people just talking about our culture, it's our business leaders, it's our ceo, it's our COOs, it's our partners. We share our culture code with our partners and our vendors and our suppliers and, and everybody, this is important. We say when you interact with anybody at Dell Technologies, you should expect that this is the experience that you're gonna get. And so it is something that we talk about that we embed in, into everything that we do. And I think it's, it's really important that you don't just think it's a one and done cuz that's not how things really, really work >>Well. And it's a culture of respect. You know, high performance, high expectations, accountability at having followed the company and worked with the company for many, many years. You'd always respect the dignity of your partners and your people. So really appreciate your time Jen. Again, congratulations on being number one. >>Thank you so much. >>You're very welcome. Okay, you've been watching a special presentation of the Cube inside Dell Technology Summit 2022. Remember, these episodes are all available on demand@thecube.net and you can check out silicon angle.com for all the news and analysis. And don't forget to check out wikibon.com each week for a new episode of breaking analysis. This is Dave Ante, thanks for watching and we'll see you next time.

Published Date : Oct 11 2022

SUMMARY :

It's great to see you again. so I'm excited to, to share some of our learnings with but, so how have you approached the topic? So we took a step back and we asked our team members, How do you think we're doing? And what we have found is really, you don't have to be together in the we want you guys to work the way you wanna work. And so we really wanna meet them where they are so that they can be productive. I think the companies that say nobody will come in or you You were talking before about myths and you know, I wanna talk about team member performance cuz there's Well, for us, you know, we look, again, we just looked at the data. to, to you Jen and, and folks at Dell is, you know, whatever works for you, socially, economically, that taking that time to say you want your team members to And that to me is really what it's about. And it was really interesting because you know, you always see, oh, we're the top 10 or the top hundred, So first of all, congratulations, you know, how'd you do it? And then to make sure that we're not, you know, fooling ourselves, it's not just a poster on the wall, but I remember like, you know, when we're kids, your parents tell you, okay, Were instilled in me and now I'm bringing them forward and, you know, paying it forward. the time and as an HR professional, you know, it's not the HR people just talking So really appreciate your time Jen. you can check out silicon angle.com for all the news and analysis.

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Dell Tech Summit Jen Saavedra


 

(bright upbeat music) >> Okay, we're back with Jenn Saavedra, who's the Chief Human Resource Officer of Dell and we're going to discuss people culture and hybrid work and leadership in the post isolation economy. Jenn, the conversations that we had at Dell Tech World this past May around the new work environment were some of the most interesting and engaging that I had personally. So I'm really eager to get the update. It's great to see you again. Thanks for coming on theCUBE. >> Thanks for having me, Dave. There's been a lot of change in just a short amount of time. So I'm excited to share some of our learnings with you. >> I mean, I bet there has, I mean post pandemic companies, they're trying everybody's trying to figure out the return to work and what it looks like. Last May there was really a theme of flexibility but depending, and we talked about, well, millennial or not, young, old, and it's just really was mixed. So how have you approached the topic? What are your policies? What's changed since we last talked? What's working, what's still being worked? What would you recommend to other companies to... Over to you. >> Yeah, well, this isn't a topic that's necessarily new to Dell technology. So we've been doing hybrid before hybrid was a thing. So for over a decade we've been doing what we called connected workplace. So we have kind of a history and we have some great learnings from that. Although things did change for the entire world. In March of 2020, we went from kind of this hybrid to everybody being remote for a while. But what we wanted to do is we're such a data-driven company. There's so many headlines out there, about all these things that people think could happen will happen but there wasn't a lot of data behind it. So we took a step back and we asked our team members, how do you think we're doing? And we asked very kind of strong language because we've been doing this for a while, we asked them, do you think we're leading in the world of hybrid? And 86% of our team members said that we were which is great, but we always know there's nuance behind that macro level. So we asked 'em a lot of different questions and we just went on this kind of myth busting journey and we decided to test some of those things we're hearing about Culture Willow Road or new team members will have trouble being connected or millennials will be different. And we really just collected a lot of data asked our team members what their experiences. And what we have found is really you don't have to be together in the office all the time to have a strong culture, a sense of connection, to be productive, and to have a really healthy business. >> Well, I like that you were data driven around it with the data business here. But there is a lot of debate around your culture and how it suffers in a hybrid environment, how remote workers won't get promoted. And so I'm curious, and I've seen some like-minded companies like Dell say, Hey, we want you guys to work the way you want to work. But then I've seen them adjust and say, Well, yeah, but we also want you to know in the office week so we can collaborate a little bit more. So what are you seeing at Dell and do you maintain that cultural advantage that you're alluding to in this kind of strange new ever changing world? >> Yeah, well, I think, look, one approach doesn't fiddle. So I don't think that the approach that works for Dell Technologies is necessarily the approach that works for every company. It works with our strategy and culture. It is really important that we listen to our team members and that we support them through this journey. They tell us time and time again one of the most special things about our culture is that we provide flexibility and choice. So we're not a mandate culture. We really want to make sure that our team members know that we want them to be their best and do their best. And not every individual role has the same requirements. Not every individual person has the same needs. And so we really want to meet them where they are so that they can be productive. They feel connected to the team and to the company and engaged and inspired. So, for us it really does make sense to go forward with this. And so we haven't taken a step back. We've been doing hybrid, we'll continue to do hybrid. But just like if you, we talk about not being a mandate. I think the companies that say nobody will come in or you have to come in three days a week, all of that feels more limiting. And so what we really say is, work out with your team, work out with your role, work out with your leader what really makes the most sense to drive things forward. >> I mean, you talk- >> So that's what we do. >> You were talking before about myths and I want talk about team member performance 'cause there's, a lot of people believe that if you're not in the office, you have disadvantages, people in the office have the advantage 'cause they get FaceTime. Is is that a myth? Is there some truth to that? What do you think about that? >> Well, for us, we look, again we just looked at the data. So we said we don't want to create a have and have not culture that you're talking about. We really want to have an inclusive culture, we want to be outcome-driven. We're a meritocracy. But we went and we looked at the data. So pre pandemic, we looked at things like performance, we looked at rewards and recognition, we looked at attrition rates, we looked at sentiment. Do you feel like your leader is inspiring? And we found no meaningful differences in any of that or in engagement between those who worked fully remote, fully in the office or some combination between. So our data would bust that myth and say, you don't have to be in an office and be seen to get ahead. We have equitable opportunity. Now, having said that, you always have to be watching that data and that's something that we'll continue to do and make sure that we are creating equal opportunity regardless of where you work. >> And it's personal too, I think I think some people can be really productive at home. I happen to be one that I'm way more productive in the office 'cause the dogs aren't barking. I have less distractions. And so, yeah, and I think the takeaway that in just in talking to you Jenn and folks at Dell is, whatever works for you we're going to support. So I wanted to switch gears a little bit and talk about leadership and very specifically, empathic leadership has been said to have a big impact on attracting talent, retaining talent, but it's hard to have empathy sometimes. And I know I saw some stats in a recent Dell study, it was like two thirds of the people felt like their organization underestimates the people requirements. And I asked myself, I'm like, Hmm, what am I missing with our folks? So especially as it relates to transformation programs. So how can human resource practitioners support business leaders generally, specifically as it relates to leading with empathy? >> I think empathy's always been important. You have to develop trust. You can have the best strategy in the world, right? But if you don't feel like your leader understands who you are, appreciates the value that you bring to the company then you're not going to get very far. So I think empathetic leadership has always been part of the foundation of a trusting strong relationship between a leader and a team member. But if I think we look back on the last two years and I imagine it'll be even more so as we go forward. Empathetic leadership will be even more important. There's so much going on in the world, politically, socially, economically, that taking that time to say you want your team members to see you as credible and confident that you can take us forward, but also that you know and understand me as a human being. And that to me is really what it's about. And I think with regard to transformation that you brought up, I think one of the things we forget about as leaders we've probably been thinking about a decision or transformation for months or weeks and we're ready to go execute, we're ready to go operationalize that thing. And so sometimes when we get to that point because we've been talking about it for so long we send out the email, we have the all hands, and we just say we're ready to go. But our team members haven't always been on that journey for those months that we have. And so I think that empathetic moment to say, Okay, not everybody is on this change curve where I am, let's take a pause, let me put myself in their shoes and really think about how we bring everybody along the journey. >> Jenn, in the spirit of myth busting I mean, I'm one of those people who felt like that a business is going to have a harder time fostering this culture of collaboration and innovation in post isolation economy as they could pre-COVID. But I notice there's an announcement today that came across my desk, I think it's from Newsweek. Yes, and it's the list of top hundred companies recognized for employee motivation, satisfaction. And it was really interesting because you always see, oh, we're the top 10 or the top 100. But this says as a survey of 1.4 million employees from companies ranging from 50 to 10,000 employees. And it recognizes the companies that put respect, caring, and appreciation for their employees at the center of their business model, and in doing so, have earned the loyalty and respect of the people who work for them. Number one on the list is Dell, SAP. So congratulations. SAP was number two. I mean, there really isn't any other tech company on there certainly no large tech companies on there. So I always see these lists, I go, Yeah, okay that's cool, top a hundred, whatever. But top one in an industry where there's only two in the top is pretty impressive. And how does that relate to fostering my earlier skepticism of a culture of collaboration? So first of all, congratulations. How'd you do it? And how are you succeeding in this new world? >> Well, thanks. It does feel great to be number one, but it doesn't happen by accident. And I think while most companies have a culture, and a spouse values, we have ours called the culture code. But it's really been very important to us that it's not just a poster on the wall or words on paper. And so we embed our culture code into all of our HR practices that whole ecosystem, from recognition rewards, to performance evaluation, to interviewee, to development. We build it into everything so it really reflects who we are and you experience it every day. And then to make sure that we're not fooling ourselves, we ask all of our employees, do you feel like the behaviors you see and the experience you have every day reflects the culture code? And 94% of our team members say that in fact it does. So I think that that's really been kind of the secret to our success. If you listen to Michael Dell, he'll always say, "The most special thing about Dell "is our culture and our people." And that comes through being very thoughtful and deliberate to preserve and protect and continue to focus on our culture. >> I don't you think too that repetition and, well, first of all, belief in that cultural philosophy is important. And then kind of repeating, like you said, Yeah it's not just a poster on the wall. But I remember like, when we're kids your parents tell you, okay, power of positive thinking, do unto others as you have others do it to you. You're going to do some dumb things but don't do the same dumb things twice and you sort of fluff it up. But then as you mature you say, Wow, actually those were- >> They might have had a point, right? >> Values were instilled in me and now I'm bringing them forward and paying it forward. But I guess my point is, and it's kind of a point observation but I'll turn it into a question. Isn't consistency and belief in your values really, really important? >> I couldn't agree with you more, right? I think that's one of those things that we talk about it all the time. And as an HR professional, it's not the HR people just talking about our culture. It's our business leaders, it's our CEO, it's our COOs, it's our partners. We share our culture code with our partners and our vendors and our suppliers and everybody, this is important. We say when you interact with anybody at Dell Technologies, you should expect that this is the experience that you're going to get. And so it is something that we talk about that we embed into everything that we do. And I think it's really important that you don't just think it's a one and done 'cause that's not how things really work. >> Well, and it's a culture of respect, high performance, high expectations, accountability, having followed the company and worked with the company for many, many years, you always respect the dignity of your partners and your people. So really appreciate your time, Jenn. Again, congratulations on being number one. >> Thank you so much. >> You're very welcome. Okay, you've been watching a special presentation of theCUBE inside Dell Technology Summit 2022. Remember, these episodes are all available on demand at thecube.net and you can check out siliconangle.com for all the news and analysis. And don't forget to check out wikibon.com each week for a new episode of Breaking Analysis. This is Dave Vellante, thanks for watching and we'll see you next time. (bright upbeat music)

Published Date : Oct 6 2022

SUMMARY :

Jenn, the conversations that we had So I'm excited to share out the return to work we asked them, do you think we're leading say, Hey, we want you guys to and that we support them What do you think about that? and make sure that we are that in just in talking to And that to me is really what it's about. And how does that relate to and the experience you have every day and you sort of fluff it up. and it's kind of a point observation And so it is something that we talk about Well, and it's a culture and you can check out siliconangle.com

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Adam Meyers, CrowdStrike | CrowdStrike Fal.Con 2022


 

>> We're back at the ARIA Las Vegas. We're covering CrowdStrike's Fal.Con 22. First one since 2019. Dave Vellante and Dave Nicholson on theCUBE. Adam Meyers is here, he is the Senior Vice President of Intelligence at CrowdStrike. Adam, thanks for coming to theCUBE. >> Thanks for having me. >> Interesting times, isn't it? You're very welcome. Senior Vice President of Intelligence, tell us what your role is. >> So I run all of our intelligence offerings. All of our analysts, we have a couple hundred analysts that work at CrowdStrike tracking threat actors. There's 185 threat actors that we track today. We're constantly adding more of them and it requires us to really have that visibility and understand how they operate so that we can inform our other products: our XDR, our Cloud Workload Protections and really integrate all of this around the threat actor. >> So it's that threat hunting capability that CrowdStrike has. That's what you're sort of... >> Well, so think of it this way. When we launched the company 11 years ago yesterday, what we wanted to do was to tell customers, to tell people that, well, you don't have a malware problem, you have an adversary problem. There are humans that are out there conducting these attacks, and if you know who they are what they're up to, how they operate then you're better positioned to defend against them. And so that's really at the core, what CrowdStrike started with and all of our products are powered by intelligence. All of our services are our OverWatch and our Falcon complete, all powered by intelligence because we want to know who the threat actors are and what they're doing so we can stop them. >> So for instance like you can stop known malware. A lot of companies can stop known malware, but you also can stop unknown malware. And I infer that the intelligence is part of that equation, is that right? >> Absolutely. That that's the outcome. That's the output of the intelligence but I could also tell you who these threat actors are, where they're operating out of, show you pictures of some of them, that's the threat intel. We are tracking down to the individual persona in many cases, these various threats whether they be Chinese nation state, Russian threat actors, Iran, North Korea, we track as I said, quite a few of these threats. And over time, we develop a really robust deep knowledge about who they are and how they operate. >> Okay. And we're going to get into some of that, the big four and cyber. But before we do, I want to ask you about the eCrime index stats, the ECX you guys call it a little side joke for all your nerds out there. Maybe you could explain that Adam >> Assembly humor. >> Yeah right, right. So, but, what is that index? You guys, how often do you publish it? What are you learning from that? >> Yeah, so it was modeled off of the Dow Jones industrial average. So if you look at the Dow Jones it's a composite index that was started in the late 1800s. And they took a couple of different companies that were the industrial component of the economy back then, right. Textiles and railroads and coal and steel and things like that. And they use that to approximate the overall health of the economy. So if you take these different stocks together, swizzle 'em together, and figure out some sort of number you could say, look, it's up. The economy's doing good. It's down, not doing so good. So after World War II, everybody was exuberant and positive about the end of the war. The DGI goes up, the oil crisis in the seventies goes down, COVID hits goes up, sorry, goes down. And then everybody realizes that they can use Amazon still and they can still get the things they need goes back up with the eCrime index. We took that approach to say what is the health of the underground economy? When you read about any of these ransomware attacks or data extortion attacks there are criminal groups that are working together in order to get things spammed out or to buy credentials and things like that. And so what the eCrime index does is it takes 24 different observables, right? The price of a ransom, the number of ransom attacks, the fluctuation in cryptocurrency, how much stolen material is being sold for on the underground. And we're constantly computing this number to understand is the eCrime ecosystem healthy? Is it thriving or is it under pressure? And that lets us understand what's going on in the world and kind of contextualize it. Give an example, Microsoft on patch Tuesday releases 56 vulnerabilities. 11 of them are critical. Well guess what? After hack Tuesday. So after patch Tuesday is hack Wednesday. And so all of those 11 vulnerabilities are exploitable. And now you have threat actors that have a whole new array of weapons that they can deploy and bring to bear against their victims after that patch Tuesday. So that's hack Wednesday. Conversely we'll get something like the colonial pipeline. Colonial pipeline attack May of 21, I think it was, comes out and all of the various underground forums where these ransomware operators are doing their business. They freak out because they don't want law enforcement. President Biden is talking about them and he's putting pressure on them. They don't want this ransomware component of what they're doing to bring law enforcement, bring heat on them. So they deplatform them. They kick 'em off. And when they do that, the ransomware stops being as much of a factor at that point in time. And the eCrime index goes down. So we can look at holidays, and right around Thanksgiving, which is coming up pretty soon, it's going to go up because there's so much online commerce with cyber Monday and such, right? You're going to see this increase in online activity; eCrime actors want to take advantage of that. When Christmas comes, they take vacation too; they're going to spend time with their families, so it goes back down and it stays down till around the end of the Russian Orthodox Christmas, which you can probably extrapolate why that is. And then it goes back up. So as it's fluctuating, it gives us the ability to really just start tracking what that economy looks like. >> Realtime indicator of that crypto. >> I mean, you talked about, talked about hack Wednesday, and before that you mentioned, you know, the big four, and I think you said 185 threat actors that you're tracking, is 180, is number 185 on that list? Somebody living in their basement in their mom's basement or are the resources necessary to get on that list? Such that it's like, no, no, no, no. this is very, very organized, large groups of people. Hollywood would have you believe that it's guy with a laptop, hack Wednesday, (Dave Nicholson mimics keyboard clacking noises) and everything done. >> Right. >> Are there individuals who are doing things like that or are these typically very well organized? >> That's a great question. And I think it's an important one to ask and it's both it tends to be more, the bigger groups. There are some one-off ones where it's one or two people. Sometimes they get big. Sometimes they get small. One of the big challenges. Have you heard of ransomware as a service? >> Of course. Oh my God. Any knucklehead can be a ransomwarist. >> Exactly. So we don't track those knuckleheads as much unless they get onto our radar somehow, they're conducting a lot of operations against our customers or something like that. But what we do track is that ransomware as a service platform because the affiliates, the people that are using it they come, they go and, you know, it could be they're only there for a period of time. Sometimes they move between different ransomware services, right? They'll use the one that's most useful for them that that week or that month, they're getting the best rate because it's rev sharing. They get a percentage that platform gets percentage of the ransom. So, you know, they negotiate a better deal. They might move to a different ransomware platform. So that's really hard to track. And it's also, you know, I think more important for us to understand the platform and the technology that is being used than the individual that's doing it. >> Yeah. Makes sense. Alright, let's talk about the big four. China, Iran, North Korea, and Russia. Tell us about, you know, how you monitor these folks. Are there different signatures for each? Can you actually tell, you know based on the hack who's behind it? >> So yeah, it starts off, you know motivation is a huge factor. China conducts espionage, they do it for diplomatic purposes. They do it for military and political purposes. And they do it for economic espionage. All of these things map to known policies that they put out, the Five Year Plan, the Made in China 2025, the Belt and Road Initiative, it's all part of their efforts to become a regional and ultimately a global hegemon. >> They're not stealing nickels and dimes. >> No they're stealing intellectual property. They're stealing trade secrets. They're stealing negotiation points. When there's, you know a high speed rail or something like that. And they use a set of tools and they have a set of behaviors and they have a set of infrastructure and a set of targets that as we look at all of these things together we can derive who they are by motivation and the longer we observe them, the more data we get, the more we can get that attribution. I could tell you that there's X number of Chinese threat groups that we track under Panda, right? And they're associated with the Ministry of State Security. There's a whole other set. That's too associated with the People's Liberation Army Strategic Support Force. So, I mean, these are big operations. They're intelligence agencies that are operating out of China. Iran has a different set of targets. They have a different set of motives. They go after North American and Israeli businesses right now that's kind of their main operation. And they're doing something called hack and lock and leak. With a lock and leak, what they're doing is they're deploying ransomware. They don't care about getting a ransom payment. They're just doing it to disrupt the target. And then they're leaking information that they steal during that operation that brings embarrassment. It brings compliance, regulatory, legal impact for that particular entity. So it's disruptive >> The chaos creators that's.. >> Well, you know I think they're trying to create a they're trying to really impact the legitimacy of some of these targets and the trust that their customers and their partners and people have in them. And that is psychological warfare in a certain way. And it, you know is really part of their broader initiative. Look at some of the other things that they've done they've hacked into like the missile defense system in Israel, and they've turned on the sirens, right? Those are all things that they're doing for a specific purpose, and that's not China, right? Like as you start to look at this stuff, you can start to really understand what they're up to. Russia very much been busy targeting NATO and NATO countries and Ukraine. Obviously the conflict that started in February has been a huge focus for these threat actors. And then as we look at North Korea, totally different. They're doing, there was a major crypto attack today. They're going after these crypto platforms, they're going after DeFi platforms. They're going after all of this stuff that most people don't even understand and they're stealing the crypto currency and they're using it for revenue generation. These nuclear weapons don't pay for themselves, their research and development don't pay for themselves. And so they're using that cyber operation to either steal money or steal intelligence. >> They need the cash. Yeah. >> Yeah. And they also do economic targeting because Kim Jong Un had said back in 2016 that they need to improve the lives of North Koreans. They have this national economic development strategy. And that means that they need, you know, I think only 30% of North Korea has access to reliable power. So having access to clean energy sources and renewable energy sources, that's important to keep the people happy and stop them from rising up against the regime. So that's the type of economic espionage that they're conducting. >> Well, those are the big four. If there were big five or six, I would presume US and some Western European countries would be on there. Do you track, I mean, where United States obviously has you know, people that are capable of this we're out doing our thing, and- >> So I think- >> That defense or offense, where do we sit in this matrix? >> Well, I think the big five would probably include eCrime. We also track India, Pakistan. We track actors out of Columbia, out of Turkey, out of Syria. So there's a whole, you know this problem is getting worse over time. It's proliferating. And I think COVID was also, you know a driver there because so many of these countries couldn't move human assets around because everything was getting locked down. As machine learning and artificial intelligence and all of this makes its way into the cameras at border and transfer points, it's hard to get a human asset through there. And so cyber is a very attractive, cheap and deniable form of espionage and gives them operational capabilities, not, you know and to your question about US and other kind of five I friendly type countries we have not seen them targeting our customers. So we focus on the threats that target our customers. >> Right. >> And so, you know, if we were to find them at a customer environment sure. But you know, when you look at some of the public reporting that's out there, the malware that's associated with them is focused on, you know, real bad people, and it's, it's physically like crypted to their hard drive. So unless you have sensor on, you know, an Iranian or some other laptop that might be target or something like that. >> Well, like Stuxnet did. >> Yeah. >> Right so. >> You won't see it. Right. See, so yeah. >> Well Symantec saw it but way back when right? Back in the day. >> Well, I mean, if you want to go down that route I think it actually came from a company in the region that was doing the IR and they were working with Symantec. >> Oh, okay. So, okay. So it was a local >> Yeah. I think Crisis, I think was the company that first identified it. And then they worked with Symantec. >> It Was, they found it, I guess, a logic controller. I forget what it was. >> It was a long time ago, so I might not have that completely right. >> But it was a seminal moment in the industry. >> Oh. And it was a seminal moment for Iran because you know, that I think caused them to get into cyber operations. Right. When they realized that something like that could happen that bolstered, you know there was a lot of underground hacking forums in Iran. And, you know, after Stuxnet, we started seeing that those hackers were dropping their hacker names and they were starting businesses. They were starting to try to go after government contracts. And they were starting to build training offensive programs, things like that because, you know they realized that this is an opportunity there. >> Yeah. We were talking earlier about this with Shawn and, you know, in the nuclear war, you know the Cold War days, you had the mutually assured destruction. It's not as black and white in the cyber world. Right. Cause as, as Robert Gates told me, you know a few years ago, we have a lot more to lose. So we have to be somewhat, as the United States, careful as to how much of an offensive posture we take. >> Well here's a secret. So I have a background on political science. So mutually assured destruction, I think is a deterrent strategy where you have two kind of two, two entities that like they will destroy each other if they so they're disinclined to go down that route. >> Right. >> With cyber I really don't like that mutually assured destruction >> That doesn't fit right. >> I think it's deterrents by denial. Right? So raising the cost, if they were to conduct a cyber operation, raising that cost that they don't want to do it, they don't want to incur the impact of that. Right. And think about this in terms of a lot of people are asking about would China invade Taiwan. And so as you look at the cost that that would have on the Chinese military, the POA, the POA Navy et cetera, you know, that's that deterrents by denial, trying to, trying to make the costs so high that they don't want to do it. And I think that's a better fit for cyber to try to figure out how can we raise the cost to the adversary if they operate against our customers against our enterprises and that they'll go someplace else and do something else. >> Well, that's a retaliatory strike, isn't it? I mean, is that what you're saying? >> No, definitely not. >> It's more of reducing their return on investment essentially. >> Yeah. >> And incenting them- disincening them to do X and sending them off somewhere else. >> Right. And threat actors, whether they be criminals or nation states, you know, Bruce Lee had this great quote that was "be like water", right? Like take the path of least resistance, like water will. Threat actors do that too. So, I mean, unless you're super high value target that they absolutely have to get into by any means necessary, then if you become too hard of a target, they're going to move on to somebody that's a little easier. >> Makes sense. Awesome. Really appreciate your, I could, we'd love to have you back. >> Anytime. >> Go deeper. Adam Myers. We're here at Fal.Con 22, Dave Vellante, Dave Nicholson. We'll be right back right after this short break. (bouncy music plays)

Published Date : Sep 21 2022

SUMMARY :

he is the Senior Vice Senior Vice President of Intelligence, so that we can inform our other products: So it's that threat hunting capability And so that's really at the core, And I infer that the intelligence that's the threat intel. the ECX you guys call it What are you learning from that? and positive about the end of the war. and before that you mentioned, you know, One of the big challenges. And it's also, you know, Tell us about, you know, So yeah, it starts off, you know and the longer we observe And it, you know is really part They need the cash. And that means that they need, you know, people that are capable of this And I think COVID was also, you know And so, you know, See, so yeah. Back in the day. in the region that was doing the IR So it was a local And then they worked with Symantec. It Was, they found it, I so I might not have that completely right. moment in the industry. like that because, you know in the nuclear war, you know strategy where you have two kind of two, So raising the cost, if they were to It's more of reducing their return and sending them off somewhere else. that they absolutely have to get into to have you back. after this short break.

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Dustin Albertson & Drew Schlussel | VeeamON 2022


 

>>Welcome back to VMO 2022. We're in the home stretch. Now, Dave ante for Dave Nicholson, and we're excited to have drew Schlissel on he's the director of product marketing at wasabi, and he is joined by Dustin Albertson, the manager of cloud and application alliances, product, product management at Veeam software. Dustin, did I get that right? You got it right. All right. You're gonna explain all those little titles in a moment. So wasabi is a company cool name, but you may not know much about them drew. What does wasabi do? >>We do cloud storage, plain and simple. It is the one thing we do extremely well. It's S3 compatible, and it covers a broad range of use cases, right? Primarily we work with Veeam on backup and recovery, and >>We're gonna get into that. But when we, what there's a lot of people do cloud storage, a lot of people do object store. What makes you wasabi unique >>Simplicity, predictability performance security, right? Predictability. Let's talk about price, right? That's the thing that gets people's attention, right? Oh, sure. Okay. You can look at it. One of two ways. It's either one fit the price of all the hyperscalers, significant difference there, or right. For fundamentally the same price. You get five times more storage, which makes a huge difference, especially in the backup space. When you want to have a lot of backups, right. Folks would prefer to have months of backups as opposed to days or weeks. Right? >>How do you, how do you do that? Because, because there's, you know, maybe >>It sounds like magic, doesn't >>It? Yeah. Yeah. I mean, you know, look at us, we've all been around the block quite a few times and we know that the bits and the bites and the bolts are all basically the same. What are you doing to get that level of? >>I can't tell you >>Secret's secret. It's secret. >>Look, it, it doesn't have to be that expensive. Okay. Now granted, there's some things obviously we do that are proprietary and different from, >>Well, like stealing electricity from your neighbor or something. I mean, what, >>You just run a cord over a >>Absolutely that's one way to cut down on price. But because we are so focused on just the storage, right. And our founders, you know, the gentleman who founded Carbonite, no a thing or two about storage. Sure. Right. We have a very highly optimized stack, very efficient. You know, you guys know what raw to usable story is. Right? You've gone through that TCO analysis before, and we're highly efficient in how we use the raw storage. And we pass that price on to our customers. Right. We believe that a low price cloud storage, right? One tier always hot, always available. It gives our customers the ability to spend their money in other places. Right. >>Well, and, and there's a price umbrella that the public cloud guys have is kind of a gift that they've given you. Hey, look at Amazon's operating profits last quarter. It was 35%. Those are like Oracle operating margins. Not that I, we don't know what your operating margins are, but I I've followed David friend's career for a long, long time. He's got good nose for business. But so Dustin, when you, when you hear drew talk about the ability to retain that much data, what does that mean for Veeam customers? >>So the primary thing for Veeam customers is the ease of use. I would say, you know, the, the performance and things like that are all nice, right? They're, they're important. But primarily what I see is people say how easy it is to use and how easy it is to price. Now, the objective, you know, the alternative is you go to another cloud provider and you say, well, how much will this cost me per month? You really have to underst yes, you really have to understand object storage, how Veeam works, how we're moving data, all the API calls, all of that to really kind of correlate out a guesstimate of what your price would be per month. You know, with LASA it's, it's a flat fee it's per terabyte. You know what it is gonna be? That's it? There's no API charges. There's no egres. So the customers really love that. Ease of use this become one of the most popular endpoints for object storage for our customers. >>Imagine this, right? You go to best buy and you buy a refrigerator and you bring it home and you stock it with all your favorite drinks and snacks. Okay. You on game day, you go and you open the fridge and you hear a sound Bing. And it's your phone and it's your credit card company telling you that you've been charged a door opening fee. Okay. And then you grab a beer out of that fridge, Bing, Bing, and you hear another ring and now you're getting a beer extraction fee. Okay. Now I want to be fair to, you know, all the sponsors here, but okay. With wasabi, you can open that door. You could stand there. You can air condition, the whole house. You can take a beer out and put a beer back or whatever your favorite beverage is. And you're not gonna hear that noise. Okay. Very straightforward. Like in, in geometry class, right? The slope of a line Y equals MX plus B B equals zero. Okay. Well, >>Whoa. Well, you had me at free beer. You didn't, >>You don't, but you understand why? >>Why would you, you don't need to go see >>To open your fridge and take out a beverage, take out a snack. Okay. That's the predictable part of wasabi. That's what's resonating so strongly with folks where everything else is in this world. Unpredictable. >>So ease, simplicity. Maybe the answer to that is, well, there's all this other stuff in the cloud. I can just, it's convenient for me. It's right there. So how do you address that convenience factor? All these other services, you know, that I can get streaming and machine learning and all that other great stuff. How do you address that? >>Sometimes all you need is storage. Okay. That no, it that's yet put, okay. That's beauty of wasabi. We're not trying to be everything to everyone. We're trying to be one thing executed very well for a, a specific set of users and use cases. >>I may be a little objective here, but I, I, you know, I've grown up with you guys, right? You, you, you were one of the first partners that I started working with and, and, you know, I've seen you kind of grow, but one of the things I think that you've done a real good job at is, is like you say, sticking to your, your lanes, you know, just going after use cases that just need data. Right. I don't need to get into the AI or the analytics or all of this. We just do this and do it well. And, and people have resonated with that. Right? Yeah. >>So big topic here of course is ransomware. Yeah. 3, 2 11, 0. What is that? What are the threes? The twos, the ones >>That's you, you gotta explain that one. Okay. >>So forever we had the 3, 2, 1 rule, right? Like three copies of data, two different, two different copies, two different media types. Yeah. One offsite. And then one is, is testing. And then zero now is, is validation. BA basically reuse that data. Make sure that you're testing it because if you're not, if you're following through two one, and you're not actually testing your data, is it really good? You don't know. You're just, you may have bad copies spread out all over the place. So one of the things where wasabi shines is is that they don't have these E risk charges. They don't have these API charges. So you can test that data. You can, after you send a backup up there, restore it somewhere else and validate that it works and then get rid of it. And it's still sitting up there in BAA. >>So you're not trying to balance your activities and your operational requirements with your, with your bill. Correct. You're not getting yelled at, by the, the controller at the end of the month. >>You're unconstrained. Yeah. Right. And I think also imutability comes into play. Correct. As well. >>Talk about >>That. Right. So, you know, we heard this morning in the keynote, right? That backup data sets are, you know, one of the main attack vectors, right. For cyber criminals. And it makes sense, right. They take down your primary systems and they control your backup systems. They've got you. You have no choice, but to pay that ransom. Okay. So mutability, that means that your backups are untouchable, your root user, your admins, the folks at wasabi, the folks at Veeam, nobody can alter that data period. End of story. Okay. That saves you from yourself that saves you from the hackers, right? I mean the most disturbing story I've read about cyber warfare right now is that people are getting bribe offers from these cyber gangs. And they're just, you know, for a couple of Bitcoin handing over the keys to the kingdom with imutability, you're actually safe from that scenario. >>So that's a service, correct? >>No, it's a feature. >>Okay. So can I turn it off? >>Yeah. You don't have to use it. >>No. Can I, after I've, after I've turned it on, can I turn it off? >>Oh, it's up to you. I mean, why don't you talk about >>That? Yeah. Yeah. So it's, it's an API. So if let's say you send some backups up there today and you set it for two weeks and you decide today. Oh, I made a mistake. I wanna turn it off. You can't turn it off. Yeah. >>Okay. So as long as you set that policy, it's, it's a big warning, right? You can't undo this. Correct. Okay. So even if I come, come to jump to the admin with a bunch of Bitcoin yep. He or she can't undo, right? >>Nope. That's right. And you can set it for two weeks, two months, two years. Right. You can use it to secure your backups. Yep. Right. You can also use that same feature in compliance situations. Right. Regulatory environments, where you've gotta retain customer data for, you know, 5, 7, 10 years. Right. By using that imutability feature, you guarantee the integrity of that data for whatever period you set. >>And it's a feature it's not a paid for service. Is that right? >>It is included as part of the service. >>Okay. So I don't >>Free beer and free meat. >>I think I'm correct that some, some competitors you're paying for that service. So if you turn it off, there's a, if you don't stop paying, there's a, there's a theory. They could turn it off on you. They will warn you. >>Sure. But >>That says to me that somebody could be tempted by a few Bitcoin. >>That's not a mutable. Well's >>Notable. I agree. Yeah. Yeah. Yeah. >>Well, and, and there is a charge to use it in other places because it's an API request. Right. It's an action. It's opening the fridge. >>It's like texting. Yes. Maybe a charge. >>Yeah. I remember. I remember those days. Was it 10 cents? A 10 cents a message or something Telegraph. >>Yeah. >>Yeah. >>Yeah. You still get those messages. Right? Text, text fees may apply. I'm like really? Okay. So tell me more about, so you got me. I'm sold. Okay. I've I've David friends got good job. Got cred, got credibility. Okay. But I have some other questions. Like where's my data. You guys running your own data centers. What's your global footprint. How do you deal with data sovereignty? All that stuff. >>So right now, oh boy. Now I'm on the spot. I wanna say 11 locations around the world. It's our gear. We're running it in concert with folks who are helping us host that system. Right. But we have complete control of course, over our systems. We're everywhere. Right? Just open, let's see. Toronto Frankfurt, Paris, London, Sydney just spun up in the last week. We've got Singapore coming online. I think in the next two weeks. Two >>In Japan. >>Yep. Two in Japan, multiple locations in the United States. So in terms of sovereignty, right, as long as folks are keeping it within, you know, their, their physical boundaries, not a problem. And if folks want to use, you know, other locations in other countries, great. We can support that as well. >>So you got momentum as a business. I mean, that's pretty clear. Yeah. Just from the discussions I've had with, with folks like David, and obviously you you're excited about this, where's it coming from? Is it really that, that price factor that's driving people to you? Is it Dustin said simplicity. I mean, where are you seeing the momentum geographies? Where is it? Where's the action. >>I I'll say, you know, from my point of view, it's, it's been a combination of all that, right? It, it's simple. It's easy to use a, like a user can, any user who's not cloud friendly, right. Can log in and create one. It's a simple portal to create a bucket and then start sending stuff off site. But also they've, they've kind of, they reminded me of a younger Veeam, like when they first started, because they went after the channel and they went and started these partner programs and, and MSP programs and things like that that have been really successful as far as one of the key markets is MSPs. Right? Because they, you know, want a cheap place to put this data. They don't wanna have to buy appliances. They don't wanna have to go to AWS and things like that. So this has been really appealing to >>Them. You know, it's interesting. So I have a, we have a partnership with a data company down in New York called enterprise technology research. We write a breaking analysis every week and we use a lot of their data. One of the things that popped up recently, maybe a year ago, OpenStack I'm like OpenStack. So we dug in like where's OpenStack and what it was was MSPs didn't want pay the VTax. Right. So they were rolling their own with, with open source and open stack. It was red hat services, blah, blah, blah. But it sounds like a similar dynamic, especially with the MSPs. >>I, so I think we've, I, I hate to use the, the metaphor, but I will. Right. There's a perfect storm happening, right. Especially in the last, what, two years. All right. The cloud has been gaining traction, but we've been around long enough to see the pendulum swinging. Right. Some folks went crazy for the cloud and then they got their bill and then they went crazy to get back out of the cloud. But now, you know, with distributed workforces, with the, you know, the, the constant attacks on their, their on-prem systems, right. The growth in cloud across the board has been phenomenal. I know you're a market watcher. Right. I know you guys are keeping close eyes. I saw your recent analysis on the cybersecurity firms. Right. It continues to grow. There's no question about it. We're we're on that wave. Right. And I think we've, you know, we're not, we're, we're, I don't know if it's the long board or the short little snappy board. Yes. We actually identify and, and, and went after the opportunity to partner with Veeam very early on, because it's the perfect work case work, work load. >>How long can you sustain that? And still resist the temptation to come out with some new shiny object to distract people? >>I >>Mean, what, what, what does that, what does that look like in terms of, as you look out in this laser focused yeah. Addressable market that you're going after now. >>So, you know, the best part about being here this week is having great conversations and, and talking to folks about what they're seeing in the marketplace and the different verticals. I don't think we've even scratched the surface of any of the verticals that we are working in today. Right. First and foremost, when it comes to backup and recovery, there's so much more opportunity with Veeam, right? Whether it's healthcare, manufacturing, logistics, analytics, backup of IML, you know, analysis, I think it's almost limitless, right. Data's growing what, 40, 80% year, over year, depending on who you ask. Right. Then the other things that we do, which maybe folks don't even know about, we have a burgeoning business in video surveillance, right. We're working with all the top partners in that sector. And the takeup is phenomenal because they are tweaking their technology to maintain a relatively small cash, right. OnPrem or in the central office. And then they're just kind of, you know, tearing that off to the cloud to have essentially a bottomless backup or archive of that footage. And they can do it at 4k. Here's the best part, right. When AK comes out, guess what, you know, that data set doubles in size. >>Right. But that's right in your zone. That's not stepping out that that's not stepping after that's that's classic leveraging. Good >>Answer. In other words. Yeah. Yeah. Thank you. >>I mean, if >>You're, if you're, if you're hitting singles and doubles all day long, right. Do you have to switch to be a power hitter and go for the fences and drop your batting average down, but hope that your slugging percentage goes up. I think you keep hitting singles doubles, you know, in triples, >>A lot of people on Sandhill road or, you know, at the bar at the Rosewood would disagree with you. Wow. And so I, I appreciate the discipline. >>Yeah. And it's true. And, and as we know, the industry is littered with a lot of those names that just didn't didn't make it >>Let's stay positive, you know? >>Okay. No he's saying yeah, no, no. A lot of guys at sand hill road would say, no, you gotta go for it. Yeah. You gotta, you gotta forget these singles. We want, >>Yeah. We need home runs gotta be >>Shiny. Well, I mean, look at Vema as a, as a, as an example right. Of a disciplined approach. Right. Exactly. To, to a space that they have steadily grown. I mean, congratulations. Right. You guys have been identified by IDC, right. Is essentially, you know, co number ones. And I expect that to be the number one in the market. Right. I think, you know, David friend clearly has provided excellent guidance, right. To steer the company that way. And I'm just really happy >>To be about that. Oh. And the Tam is data. Right. And you're, you're just another node on the data universe. Right. Which is, that's what you want. You want, you don't necessarily wanna move it around. Yeah. If you don't have to. >>It is interesting though. I mean, we, we are seeing more and more analysts identifying with Sabi as like the fourth player. Yeah. Which is pretty cool. Right. And I also heard it from some good sources this week that let's say one of the hyperscalers has, you know, started to yeah. Have conversations about us. Let's just >>Leave it. That's good. It means you're bothering people. Yeah. Said, all right, guys, we gotta go. Thanks so much for coming on the queue. Thank you. Great to have you. That was easy. Thank you. Appreciate it. Very welcome. All right. Keep it right there. We'll be back to wrap up day one from VMO in 2022, right back.

Published Date : May 18 2022

SUMMARY :

is a company cool name, but you may not know much about them drew. It is the one thing we do extremely What makes you wasabi unique When you want to have a lot What are you doing to get that level of? It's secret. Look, it, it doesn't have to be that expensive. I mean, what, And our founders, you know, the gentleman who founded Carbonite, talk about the ability to retain that much data, what does that mean for Veeam customers? the objective, you know, the alternative is you go to another cloud provider and you say, You go to best buy and you buy a refrigerator and you bring it home and you stock You didn't, That's the predictable part of wasabi. So how do you address that convenience factor? Sometimes all you need is storage. I may be a little objective here, but I, I, you know, I've grown up with you guys, What are the threes? Okay. So you can test that data. So you're not trying to balance your activities and your operational requirements with your, And I think also imutability comes into play. And they're just, you know, for a couple of Bitcoin handing over the keys to the kingdom with imutability, I mean, why don't you talk about So if let's say you send some backups up there today and you set it So even if I come, come to jump to the admin with a bunch of Bitcoin yep. data for, you know, 5, 7, 10 years. And it's a feature it's not a paid for service. So if you turn it off, there's a, if you don't stop paying, there's a, there's a theory. That's not a mutable. It's opening the fridge. It's like texting. I remember those days. So tell me more about, so you got me. Now I'm on the spot. in terms of sovereignty, right, as long as folks are keeping it within, you know, their, with folks like David, and obviously you you're excited about this, where's it I I'll say, you know, from my point of view, it's, it's been a combination of all that, right? One of the things that popped up recently, maybe a year ago, OpenStack I'm And I think we've, you know, we're not, we're, we're, Mean, what, what, what does that, what does that look like in terms of, as you look out in this laser focused of, you know, tearing that off to the cloud to have essentially a bottomless backup or That's not stepping out that that's not stepping after that's that's classic Thank you. I think you keep hitting singles doubles, you know, in triples, A lot of people on Sandhill road or, you know, at the bar at the Rosewood would disagree with you. And, and as we know, the industry is littered with a lot of those You gotta, you gotta forget these singles. I think, you know, David friend clearly You want, you don't necessarily wanna move it around. of the hyperscalers has, you know, started to yeah. Thanks so much for coming on the queue.

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Driving Digital Transformation with Search & AI | Beyond.2020 Digital


 

>>Yeah, yeah. >>Welcome back to our final session in cultivating a data fluent culture track earlier today, we heard from experts like Valerie from the Data Lodge who shared best practices that you can apply to build that data flew into culture in your organization and tips on how to become the next analyst of the future from Yasmin at Comcast and Steve at all Terex. Then we heard from a captivating session with Cindy Hausen and Ruhollah Benjamin, professor at Princeton, on how now is our chance to change the patterns of injustice that we see have been woven into the fabric of society. If you do not have a chance to see today's content, I highly recommend that you check it out on demand. There's a lot of great information that you could start applying today. Now I'm excited to introduce our next session, which will take a look at how the democratization of data is powering digital transformation in the insurance industry. We have two prestigious guests joining us today. First Jim Bramblett, managing director of North America insurance practice, lead at its center. Throughout Jim's career, he's been focused on large scale transformation from large to midsize insurance carriers. His direct experience with clients has traditionally been in the intersection of technology, platform transformation and operating remodel redesign. We also have Michael cast Onus, executive VP and chief operating officer at DNA. He's responsible for all information technology, analytics and operating functions across the organization. Michael has led major initiatives to launch digital programs and incorporating modern AP I architectures ER, which was primarily deployed in the cloud. Jim, please take it away. >>Great. Thanks, Paula E thought we'd cover a few things today around around data. This is some of the trends we see in data within the insurance sector. And then I'll hand it over to Michael Teoh, take you through his story. You know, I think at the macro level, as we think about data and we think about data in the context of the insurance sector, it's interesting because the entire history of the insurance sector has been built on data and yet, at the same time, the entire future of it relies on that same data or similar similar themes for data. But but different. Right? So we think about the history, what has existed in an insurance companies. Four walls was often very enough, very enough to compete, right? So if you think about your customer data, claims, data, CRM, data, digital data, all all the data that was yeah, contained within the four walls of your company was enough to compete on. And you're able to do that for hundreds of years. But as we we think about now as we think about the future and the ability to kind of compete on data, this data comes from many more places just than inside your four walls. It comes from every device, every human, every vehicle, every property, every every digital interaction. Um in upon this data is what we believe insurers need to pivot to. To compete right. They need to be able to consume this data at scale. They need to be able to turn through this data to drive analytics, and they serve up insights based on those analytics really at the desktop of insurance professionals. And by the way, that has to be in the natural transition of national transaction. Of that employees work day. So an underwriter at a desktop claim him on the desktop, the sales associate of desktop. Those insights need to be served up at that point in time when most relevant. And you know. So if we think about how insurance companies are leveraging data, we see this really on kind of three horizons and starting from the left hand side of the page here, this is really brilliant basics. So how my leveraging core core data and core applied intelligence to monetize your existing strategy? And I think this brilliant based, brilliant basics concept is where most of most of my clients, at least within insurance are are today. You know, how are we leveraging data in the most effective way and putting it in the hands of business decision makers to make decisions largely through reporting and some applied intelligence? Um, Horizon two. We see, you know, definitely other industries blazing a trail here, and this is really about How do we integrate ecosystems and partners Now? I think within insurance, you know, we've had data providers forever, right? Whether it's NPR data, credit data risk data, you know, data aggregators and data providers have been a critical part of the insurance sector for for decades. I think what's different about this this ecosystem and partnership model is that it's much more Oneto one and it's much more, you know, kind of. How do we integrate more tightly and how do we become more embedded in each other's transactions? I think that we see some emergence of this, um, in insurance with automotive manufacturers with building management systems. But I think in the grand scheme of things, this is really very, very nascent for us as a sector. And I think the third horizon is is, you know, how do we fundamentally think about data differently to drive new business models? And I, you know, I don't know that we haven't ensure here in North America that's really doing this at any sort of scale. We certainly see pilots and proofs of concepts. We see some carriers in Europe farther down this path, but it's really it's really very new for us. A Z Think about these three horizons for insurance. So you know what's what's behind all this and what's behind. You know, the next powering of digital transformation and and we think at the end of the exercise, its data data will be the next engine that powers digital transformation. So in this exhibit, you know we see the three horizons across the top. You know, data is activated and activating digital transformation. And this, you know, this purple 3rd, 3rd road here is we think some of the foundational building blocks required to kind of get this right. But I think what's most important about about this this purple third bar here is the far right box, which is business adoption. Because you can build this infrastructure, you can have. You know, this great scalable cloud capability. Um, you can create a bunch of applications and intelligence, but unless it's adopted by the business, unless it's democratized, unless those insights and decisions air served up in the natural course of business, you're gonna have trouble really driving value. So that way, I think this is a really interesting time for data. We think this is kind of the next horizon to power the next age of digital transformation for insurance companies. With that brief prelude, I am, I'm honored. Thio, turn it over to Michael Stone Is the Cielo at CNN Insurance? >>Thanks, Jim, for that intro and very exciting Thio be here is part of part of beyond when I think a digital transformation within the context of insurance, actually look at it through the lens of competing in an era of near perfect information. So in order to be able to deliver all of the potential value that we talked about with regard to data and changing ecosystem and changing demands, the question becomes, How do you actually harness the information that's available to everybody to fundamentally change the business? So if you'll indulge me a bit here, let me tell you just a little bit more for those that don't know about insurance, what it really is. And I use a very long run on sentence to do that. It's a business model where capital is placed against risk in the form of products and associated services sold the customers through channels two companies to generate a return. Now, this sounds like a lot of other businesses in across multiple industries that were there watching today. But the difference within insurance is that every major word in that long run on sentence is changing sources of capital that we could draw on to be able to underwrite risk of going away. The nature of risk itself is changing from the perspective of policies that live six months to a year, the policies that could last six minutes. The products that we're creating are changing every day for our ability to actually put a satellite up in the air or ensure against the next pandemic. Our customers are not just companies or individuals, but they could be governments completely different entities than we would have been in sharing in the past and channels were changing. We sell direct, we sell through brokers and products are actually being embedded in other products. So you may buy something and not even know that insurance is a part of it. And what's most interesting here is the last word which is around return In the old world. Insurance was a cash flow business in which we could bring the premium in and get a level of interest income and being able to use that money to be able thio buffer the underwriting results that we would have. But those returns or dramatically reduced because of the interest income scenario, So we have to generate a higher rate of return. So what do we need to do? Is an insurance company in through this digital transformation to be able to get there? Well, fundamentally, we need to rethink how we're using information, and this is where thought spot and the cloud coming for us. We have two basic problems that we're looking to solve with information. The first one is information veracity. Do we believe it? When we get it? Can we actually trust it? Do we know what it means when we say that this is a policy in force or this is a new customer where this is the amount of attention or rate that we're going to get? Do we actually believe in that piece of data? The second is information velocity. Can we get it fast enough to be able to capitalize upon it? So in other words, we're We're working in a situation where the feedback loop is closing quickly and it's operating at a speed that we've never worked in before. So if we can't solve veracity and velocity, then we're never going to be able to get to where we need to go. So when we think of something like hot spot, what do we use it for? We use it to be able to put it in the hands of our business years so that they could ask the key questions about how the business is running. How much profit of my generating this month? What brokers do I need to talk? Thio. What is my rate retention? Look like what? The trends that I'm seeing. And we're using that mechanism not just to present nice visualizations, but to enable that really quick, dynamic question and answer and social, socially enabled search, which completely puts us in a different position of being able to respond to the market conditions. In addition, we're using it for pattern recognition. Were using it for artificial intelligence. We're gonna be capitalizing on the social aspect of of search that's that's enabled through thought spot and also connecting it into our advanced machine learning models and other capabilities that we currently have. But without it solving the two fundamental problems of veracity and velocity, we would be handicapped. So let me give you some advice about if I were in your position and you don't need to be in sleepy old industry like insurance to be able to do this, I'll leave you with three things. The first one is picking water holes so What are the things that you really want to be good at? What are the pieces of information that you really need to know more about? I mean, in insurance, its customers, it's businesses, locations, it's behavior. There are only a few water also really understand and pick those water holes that you're going to be really good at. The second is stand on the shoulders of giants. You know, in the world of technology, there's often a philosophy that says, Well, I can build it something better than somebody else create if I have it in house. But I'm happy to stand on the shoulders of giants like Thought Spot and Google and others to be able to create this capability because guess what? They're gonna out innovate any of the internal shops all day and every day. So don't be afraid. Thio. Stand side by side on the shoulders of giants as part of your journey. Unless you've got to build these organizations not just the technology for rapid experimentation and learning, because guess what? The moment you deliver insight, it begs another question, which also could change the business process, which could change the business model and If your organization the broader organization of business technology, analytics, customer service operations, etcetera is not built in a way that could be dynamic and flexible based on where the market is or is going, then you're gonna miss out on the opportunity. So again, I'm proud to be part of the fast black community. Really love the technology. And if if you look too, have the same kind of issues with your given industry about how you can actually speed up decision making, deliver insights and deliver this kind of search and recommended to use it. And with that, let's go to some questions. >>Awesome. Thank you so much, Michael and Jim for that in depth perspective and those tangible takeaways for our audience. We have a few minutes left and would love to ask a few questions. So here's the first one for Michael Michael. What are some of the most important things that you know now that you didn't know before you started this process? I think one of >>the things that's a great question. I think one of the things that really struck me is that, you know, traditional thinking would be very use case centric or pain point centric Show me, uh, this particular model or a particular question you want me to answer that can build your own analytics to do that or show me a deficiency in the system and I can go and develop a quick head that will do well, then you know, wallpaper over that particular issue. But what we've really learned is the foundation matters. So when we think about building things is building the things that are below the waterline, the pipes and plumbing about how you move data around how the engines work and how it all connects together gives you the above the waterline features that you could deliver to. You know, your employees into your customers much faster chasing use cases across the top above the waterline and ignoring what's below the water line to me. Is it really, uh, easy recipe too quick? Get your way to nothing. So again, focus on the foundation bill below the water line and then iterated above the water line that z what the lessons we've learned. It has been very effective for us. >>I think that's a very great advice for all those watching today on. But Here's one for Jim. Jim. What skills would you say are required for teams to truly adopt this digital transformation process? >>Yeah, well, I think that's a really good question, and I think I'd start with it's It's never one. Well, our experience has shown us number a one person show, right? So So we think to kind of drive some of the value that that that Michael spoke about. We really looked across disciplinary teams, which is a an amalgamation of skills and and team members, right? So if you think about the data science skills required, just kinda under under understand how toe toe work with data and drive insights, Sometimes that's high end analytic skills. Um, where you gonna find value? So some value architectural skills Thio really articulate, you know, Is this gonna move the needle for my business? I think there's a couple of critical critical components of this team. One is, you know, the operation. Whatever. That operation maybe has to be embedded, right, because they designed this is gonna look at a piece of data that seems interesting in the business Leader is going to say that that actually means nothing to me in my operation. So and then I think the last the last type of skill would be would be a data translator. Um, sitting between sometimes the technology in the business so that this amalgamation of skills is important. You know, something that Michael talked about briefly that I think is critical is You know, once you deliver insight, it leads to 10 more questions. So just in a intellectual curiosity and an understanding of, you know, if I find something here, here, the implications downstream from my business are really important. So in an environment of experimenting and learning thes thes cross discipline teams, we have found to be most effective. And I think we thought spot, you know, the platform is wired to support that type of analysis and wired to support that type of teaming. >>Definitely. I think that's though there's some really great skills. That's for people to keep in mind while they are going through this process. Okay, Michael, we have another question for you. What are some of the key changes you've had to make in your environment to make this digital transformation happen? >>That's a great question. I think if you look at our environment. We've got a mixture of, you know, space agent Stone age. We've got old legacy systems. We have all sorts of different storage. We have, you know, smatterings of things that were in cloud. The first thing that we needed to do was make a strong commitment to the cloud. So Google is our partner for for the cloud platform on unabashedly. The second thing that we needed to dio was really rethink the interplay between analytics systems in operational systems. So traditionally, you've got a large data warehouses that sit out over here that, you know, we've got some kind of extract and low that occurs, and we've got transactional operational systems that run the business, and we're thinking about them very differently from the perspective of bringing them together. How Doe I actually take advantage of data emotion that's in the cloud. So then I can actually serve up analytics, and I can also change business process as it's happening for the people that are transacting business. And in the meantime, I can also serve the multiple masters of total cost and consumption. So again, I didn't applications are two ships that pass in the night and never be in the world of Sienna. When you look at them is very much interrelated, especially as we want to get our analytics right. We want to get our A i m all right, and we want to get operational systems right By capturing that dated motion force across that architecture er that was an important point. Commit to the cloud, rethink the way we think analytics systems, work and operational systems work and then move them in tandem, as opposed to doing one without the other one in the vacuum. >>That's that's great advice, Michael. I think it's very important those key elements you just hit one question that we have final question we have for Jim. Jim, how do you see your client sustain the benefits that they've gained through this process? >>Yeah, it's a really good question. Um, you know, I think about some of the major themes around around beyond right, data fluency is one of them, right? And as I think about fluency, you only attain fluency through using the language every single day. They were day, week, over week, month over month. So you know, I think that applies to this. This problem too. You know, we see a lot of clients have to change probably two things at the same time. Number one is mindset, and number two is is structure. So if you want to turn these data projects from projects into processes, right, so so move away from spinning up teams, getting getting results and winding down. You wanna move away from that Teoh process, which is this is just the way working for these teams. Um, you have to change the mindset and often times you have to marry that with orb structure change. So So I'm gonna spin up these teams, but this team is going to deliver a set of insights on day. Then we're gonna be continuous improvement teams that that persist over time. So I think this shifting from project teams to persistent teams coupled with mindset coupled with with or structure changed, you know, a lot of times has to be in place for a period of time to get to get the fluency and achieve the fluency that that most organizations need. >>Thanks, Jim, for that well thought out answer. It really goes to show that the transformation process really varies when it comes to organizations, but I think this is a great way to close out today's track. I like to think Jim, Michael, as well as all the experts that you heard earlier today for sharing. There's best practice as to how you all can start transforming your organization's by building a data fluent culture, Um, and really empowering your employees to understand what data means and how to take actions with it. As we wrap up and get ready for the next session, I'd like to leave you all with just a couple of things. Number one if you miss anything or would like to watch any of the other tracks. Don't worry. We have everything available after this event on demand number two. If you want to ask more questions from the experts that you heard earlier today, you have a chance to do so. At the Meet The Experts Roundtable, make sure to attend the one for track four in cultivating a data fluent culture. Now, as we get ready for the product roadmap, go take a sip of water. This is something you do not want to miss. If you love what you heard yesterday, you're gonna like what you hear today. I hear there's some type of Indiana Jones theme to it all, so I won't say anything else, but I'll see you there.

Published Date : Dec 10 2020

SUMMARY :

best practices that you can apply to build that data flew into culture in your organization So if you think about your customer data, So in order to be able to deliver all of the potential value that we talked about with regard to data that you know now that you didn't know before you started this process? the above the waterline features that you could deliver to. What skills would you say are required for teams And I think we thought spot, you know, the platform is wired to What are some of the key changes you've had to make in your environment to make this digital transformation I think if you look at our environment. Jim, how do you see your client sustain the benefits that they've gained through this process? So I think this shifting from project teams to persistent teams coupled There's best practice as to how you all can start transforming

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UNLIST TILL 4/2 - The Road to Autonomous Database Management: How Domo is Delivering SLAs for Less


 

hello everybody and thank you for joining us today at the virtual Vertica BBC 2020 today's breakout session is entitled the road to autonomous database management how Domo is delivering SLA for less my name is su LeClair I'm the director of marketing at Vertica and I'll be your host for this webinar joining me is Ben white senior database engineer at Domo but before we begin I want to encourage you to submit questions or comments during the virtual session you don't have to wait just type your question or comment in the question box below the slides and click Submit there will be a Q&A session at the end of the presentation we'll answer as many questions as we're able to during that time any questions that we aren't able to address or drew our best to answer them offline alternatively you can visit vertical forums to post your questions there after the session our engineering team is planning to join the forum to keep the conversation going also as a reminder you can maximize your screen by clicking the double arrow button in the lower right corner of the slide and yes this virtual session is being recorded and will be available to view on demand this week we'll send you notification as soon as it's ready now let's get started then over to you greetings everyone and welcome to our virtual Vertica Big Data conference 2020 had we been in Boston the song you would have heard playing in the intro would have been Boogie Nights by heatwaves if you've never heard of it it's a great song to fully appreciate that song the way I do you have to believe that I am a genuine database whisperer then you have to picture me at 3 a.m. on my laptop tailing a vertical log getting myself all psyched up now as cool as they may sound 3 a.m. boogie nights are not sustainable they don't scale in fact today's discussion is really all about how Domo engineers the end of 3 a.m. boogie nights again well I am Ben white senior database engineer at Domo and as we heard the topic today the road to autonomous database management how Domo is delivering SLA for less the title is a mouthful in retrospect I probably could have come up with something snazzy er but it is I think honest for me the most honest word in that title is Road when I hear that word it evokes for me thoughts of the journey and how important it is to just enjoy it when you truly embrace the journey often you look up and wonder how did we get here where are we and of course what's next right now I don't intend to come across this too deep so I'll submit there's nothing particularly prescient and simply noticing the elephant in the room when it comes to database economy my opinion is then merely and perhaps more accurately my observation the office context imagine a place where thousands and thousands of users submit millions of ad-hoc queries every hour now imagine someone promised all these users that we could deliver bi leverage at cloud scale in record time I know what many of you should be thinking who in the world would do such a thing of course that news was well received and after the cheers from executives and business analysts everywhere and chance of Keep Calm and query on finally started to subside someone that turns an ass that's possible we can do that right except this is no imaginary place this is a very real challenge we face the demo through imaginative engineering demo continues to redefine what's possible the beautiful minds at Domo truly embrace the database engineering paradigm that one size does not fit all that little philosophical nugget is one I would pick up while reading the white papers and books of some guy named stone breaker so to understand how I and by extension Domo came to truly value analytic database administration look no further than that philosophy and what embracing it would mean it meant really that while others were engineering skyscrapers we would endeavor to build Datta neighborhoods with a diverse kapala G of database configuration this is where our journey at Domo really gets under way without any purposeful intent to define our destination not necessarily thinking about database as a service or anything like that we had planned this ecosystem of clusters capable of efficiently performing varied workloads we achieve this with custom configurations for node count resource pool configuration parameters etc but it also meant concerning ourselves with the unattended consequences of our ambition the impact of increased DDL activities on the catalog system overhead in general what would be the management requirements of an ever-evolving infrastructure we would be introducing multiple points of failure what are the advantages the disadvantages those types of discussions and considerations really help to define what would be the basic characteristics of our system the database itself needed to be trivial redundant potentially ephemeral customizable and above all scalable and we'll get more into that later with this knowledge of what we were getting into automation would have to be an integral part of development one might even say automation will become the first point of interest on our journey now using popular DevOps tools like saltstack terraform ServiceNow everything would be automated I mean it discluded everything from larger multi-step tasks like database designs database cluster creation and reboots to smaller routine tasks like license updates move-out and projection refreshes all of this cool automation certainly made it easier for us to respond to problems within the ecosystem these methods alone still if our database administration reactionary and reacting to an unpredictable stream of slow query complaints is not a good way to manage a database in fact that's exactly how three a.m. Boogie Nights happen and again I understand there was a certain appeal to them but ultimately managing that level of instability is not sustainable earlier I mentioned an elephant in the room which brings us to the second point of interest on our road to autonomy analytics more specifically analytic database administration why our analytics so important not just in this case but generally speaking I mean we have a whole conference set up to discuss it domo itself is self-service analytics the answer is curiosity analytics is the method in which we feed the insatiable human curiosity and that really is the impetus for analytic database administration analytics is also the part of the road I like to think of as a bridge the bridge if you will from automation to autonomy and with that in mind I say to you my fellow engineers developers administrators that as conductors of the symphony of data we call analytics we have proven to be capable producers of analytic capacity you take pride in that and rightfully so the challenge now is to become more conscientious consumers in some way shape or form many of you already employ some level of analytics to inform your decisions far too often we are using data that would be categorized as nagging perhaps you're monitoring slow queries in the management console better still maybe you consult the workflows analyzing how about a logging and alerting system like sumo logic if you're lucky you do have demo where you monitor and alert on query metrics like this all examples of analytics that help inform our decisions being a Domo the incorporation of analytics into database administration is very organic in other words pretty much company mandated as a company that provides BI leverage a cloud scale it makes sense that we would want to use our own product could be better at the business of doma adoption of stretches across the entire company and everyone uses demo to deliver insights into the hands of the people that need it when they need it most so it should come as no surprise that we have from the very beginning use our own product to make informed decisions as it relates to the application back engine in engineering we call it our internal system demo for Domo Domo for Domo in its current iteration uses a rules-based engine with elements through machine learning to identify and eliminate conditions that cause slow query performance pulling data from a number of sources including our own we could identify all sorts of issues like global query performance actual query count success rate for instance as a function of query count and of course environment timeout errors this was a foundation right this recognition that we should be using analytics to be better conductors of curiosity these types of real-time alerts were a legitimate step in the right direction for the engineering team though we saw ourselves in an interesting position as far as demo for demo we started exploring the dynamics of using the platform to not only monitor an alert of course but to also triage and remediate just how much economy could we give the application what were the pros and cons of that Trust is a big part of that equation trust in the decision-making process trust that we can mitigate any negative impacts and Trust in the very data itself still much of the data comes from systems that interacted directly and in some cases in directly with the database by its very nature much of the data was past tense and limited you know things that had already happened without any reference or correlation to the condition the mayor to those events fortunately the vertical platform holds a tremendous amount of information about the transaction it had performed its configurations the characteristics of its objects like tables projections containers resource pools etc this treasure trove of metadata is collected in the vertical system tables and the appropriately named data collector tables as a version 9 3 there are over 190 tables that define the system tables while the data collector is the collection of 215 components a rich collection can be found in the vertical system tables these tables provide a robust stable set of views that let you monitor information about your system resources background processes workload and performance allowing you to more efficiently profile diagnose and correlate historical data such as low streams query profiles to pool mover operations and more here you see a simple query to retrieve the names and descriptions of the system tables and an example of some of the tables you'll find the system tables are divided into two schemas the catalog schema contains information about persistent objects and the monitor schema tracks transient system States most of the tables you find there can be grouped into the following areas system information system resources background processes and workload and performance the Vertica data collector extends system table functionality by gathering and retaining aggregating information about your database collecting the data collector mixes information available in system table a moment ago I show you how you get a list of the system tables in their description but here we see how to get that information for the data collector tables with data from the data collecting tables in the system tables we now have enough data to analyze that we would describe as conditional or leading data that will allow us to be proactive in our system management this is a big deal for Domo and particularly Domo for demo because from here we took the critical next step where we analyze this data for conditions we know or suspect lead to poor performance and then we can suggest the recommended remediation really for the first time we were using conditional data to be proactive in a database management in record time we track many of the same conditions the Vertica support analyzes via scrutinize like tables with too many production or non partition fact tables which can negatively affect query performance and life in vertical in viral suggests if the table has a data a time step column you recommend the partitioning by the month we also can track catalog sizes percentage of total memory and alert thresholds and trigger remediations requests per hour is a very important metric in determining when a trigger are scaling solution tracking memory usage over time allows us to adjust resource pool parameters to achieve the optimal performance for the workload of course the workload analyzer is a great example of analytic database administration I mean from here one can easily see the logical next step where we were able to execute these recommendations manually or automatically be of some configuration parameter now when I started preparing for this discussion this slide made a lot of sense as far as the logical next iteration for the workload analyzing now I left it in because together with the next slide it really illustrates how firmly Vertica has its finger on the pulse of the database engineering community in 10 that OS management console tada we have the updated work lies will load analyzer we've added a column to show tuning commands the management console allows the user to select to run certain recommendations currently tuning commands that are louder and alive statistics but you can see where this is going for us using Domo with our vertical connector we were able to then pull the metadata from all of our clusters we constantly analyze that data for any number of known conditions we build these recommendations into script that we can then execute immediately the actions or we can save it to a later time for manual execution and as you would expect those actions are triggered by thresholds that we can set from the moment nyan mode was released to beta our team began working on a serviceable auto-scaling solution the elastic nature of AI mode separated store that compute clearly lent itself to our ecosystems requirement for scalability in building our system we worked hard to overcome many of the obstacles they came with the more rigid architecture of enterprise mode but with the introduction is CRM mode we now have a practical way of giving our ecosystem at Domo the architectural elasticity our model requires using analytics we can now scale our environment to match demand what we've built is a system that scales without adding management overhead or our necessary cost all the while maintaining optimal performance well we're really this is just our journey up to now and which begs the question what's next for us we expand the use of Domo for Domo within our own application stack maybe more importantly we continue to build logic into the tools we have by bringing machine learning and artificial intelligence to our analysis and decision making really do to further illustrate those priorities we announced the support for Amazon sage maker autopilot at our demo collusive conference just a couple of weeks ago for vertical the future must include in database economy the enhanced capabilities in the new management console to me are clear nod to that future in fact with a streamline and lightweight database design process all the pieces should be in place versions deliver economists database management itself we'll see well I would like to thank you for listening and now of course we will have a Q&A session hopefully very robust thank you [Applause]

Published Date : Mar 31 2020

SUMMARY :

conductors of the symphony of data we

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Michael Redding, Accenture | Accenture Tech Vision 2020


 

(upbeat music) >> Man: From San Francisco it's theCUBE covering Accenture Tech Vision 2020 (upbeat music) brought to you by Accenture. >> Hey, welcome back everybody. Jeff Frick here with theCUBE. We are high atop San Francisco. It is absolutely beautiful outside. Sun is going down, we're here for a really special event, It's the Accenture Tech Vision, kind of unveiling of the five things that we should be paying attention to as we look to 2020 the year that we're going to know everything with the benefit of hindsight. So it's pretty exciting, it's pretty exciting time. And we have a new guest, Mike Redding, he's the managing director of Accenture Ventures telling us where the Accenture Ventures plays in all this stuff, so Mike, well, welcome. >> Well, thanks for having me, I'm really excited to be here. It's a big day here at Accenture with the launch of the 2020 tech vision. You know, and one of the key trends is about innovation DNA, which is really saying, how does an organization connect to the external ecosystems to systematically and scalably and sustainably innovate? And that's part of the role of Accenture Ventures. >> Well, it's an interesting play, right? Because unfortunately Clayton Christensen just passed away, my favorite business writer ever. And the whole innovator's dilemma is that smart people working at big companies making sound business decisions based on revenue and their customers will always miss this continuous change. So really you need some other things to help motivate that. And that's really piece that you guys play. >> Right, exactly cause what, you know, we're a bridge builder between those highly successful large enterprises, which are big, they're slow and they're risk adverse, and the startups, which are small, fast and nothing but risk. And so for us, the role of Accenture and Accenture ventures as being part of that innovation DNA is to say, let's make a bridge, let's figure out how the elephant can dance. And as a result, not get caught up in those disruptions, but in fact leverage them to propel those big enterprises forward. >> Right, now you guys invest in all types of areas, Ais, looking through the portfolio, security, big data, I love this Industry X Dot O, what is Industry X Dot O? >> Well, so, you know, a lot of places talk about industry 4.0 but we're like, why put it, you know, X dot O, is make it a variable? five point O, six point O, which makes it evergreen. Which says, every industry on the planet is going through a transformation, you know, powered by AI, powered by all those areas you mentioned. And as a result, we want to make sure that whatever the future of any industry is, Accenture is part of it and we're bringing in the startups and of course the big technology players that are going to be the fundamental players making that transformation possible. >> Right, there's so much synergy, right? Because for the little guys, right? They've got all the juice behind the innovation and the really smart people and they're kind of breaking things and moving fast, but the challenges there are scale and a sales force and marketing and reach and distribution and all these things that are not too hard for the big guys. >> Right, and so that's why it's a marriage made heaven, right? Again, if you can bring, I always like to say the analogy of you've got the aircraft carrier and then you have all the battleships and the PT boats circling around it, that's a battle group. And so that's what we really see as the opportunity is to bring what each strength, the strength of that disruption and passion and energy and capital to marry to market scale and data and customer base, right? Put those things together, unstoppable force? >> How do the enterprises, you know, kind of view it, do they, obviously they see the value, you wouldn't be doing what you're doing, but is that something that's attracted to them? Is it too disruptive to them? How do they try to work these little startups? Cause (laughs) the other thing, right? Is always vendor viability when you're a little startup doing business with a big company and they can kill you with meetings and there's all kinds of, you know, kind of interesting things that can happen to screw that up. >> Well you're right on and so that's part of where, you know, Accenture comes in as that broker, that bridge maker, because we help each other find how to match up, how not to crush the little guy with infinite meetings, you know, in an enterprise, you know, six months is quick, in a startup, that's a funding cycle, right? And so we've got to find a way to meet each other in the middle and as a result, get the strength of each, but pointed in the same direction and really, you know, become really good dance partners. And that's what we really think any organization, cause they know they need to do it, they know they want to do it, they just don't know how. And that's the gap we help fill. >> And then how do you find your investments? Are you partnering with other venture firms? How are you kind of out prospecting for new opportunities? >> Well, so for us, since we're a corporate strategic, we're really focused on the future of our client's business, the future of the marketplace. And so for us, it's a network game. It's, you know, it's everything from what the corporate venture units at our clients are up to where they're seeing strategic bets. Of course, we're the VC, you know, of Sand Hill Road, of Tel Aviv, of Shenzhen and Shanghai, you know, Bangalore, you know, there's so many great venture capital communities. We love the syndicate, we love friends because we, you know, a financial VC will bring their discipline and we'll bring Accenture's discipline and that's a combo pack that one plus one is three. >> Right, so I want to get your take, you've been in this for a while -- >> Oh, yeah. and one of the themes that we hear over and over, right, is the acceleration of accelerating pace of technology innovation, right? And this exponential curve and people have a hard time with exponential curves, we like linear curves. But it's getting steeper and steeper and steeper. So you know, from your kind of cap bird seed, as you've watched the evolution, do you see, you know, kind of, is this the only way for the enterprises to keep ahead of these things? Is it just an augment? Is it more important than it used to be? How has the landscape kind of changing as this acceleration just keeps going and going and going? >> Well, I think that the era of build it all yourself vertically integrate it So, you know, start to finish, soup to nuts yourself, you can't do it, right? If you're a large incumbent and, but also if you think about this way, and I would talk to audience especially, you know, business audience and say, "Who's got enough budget?" Nobody, there's no such thing as enough budget, the government doesn't have enough budget, right? Nobody does, but if you partner, you can leverage other people's money, their investment cycles, and as a result, for every dollar you have, you can get multiple dollars of leverage. And as a result, no matter how fast it's going, because of the Public Clouds, because of the big software players, you can get so much further. So even though things are moving faster, what you can leverage to adapt to that change is more powerful than ever before. So the good news is the rate of change is fast, but you're not starting from dead stop. You're jumping on a moving train and going where it's going and putting your own business spin on it. >> Right, the other piece is kind of the disruptive speeds. It's funny you mentioned Amazon just, you know, watch a lot of great interviews with Bezos. One of them, he talks about AWS having, you know, a seven-year uninterrupted headstart because no one down the road in Redwood shores or Philadelphia or Waldorf was really paying attention to the little bookseller up in Seattle as a competitor for enterprise infrastructure. So you know that which is going to get you is often not the competitors that you're benchmarking against. It's not the same people that you've been competing with but can completely come out of left field. >> Well, and so that again, is why we really believe passionately that with this future, the next few years, those enterprises that have an innovation DNA that get out of their foxhole and don't just look at your bank, don't just look at FinTech, look at all tech and thanks to this thing called the internet. It's really possible, and language translation, even if you don't speak Chinese, you can get a sense of what's happening in China, where you can call a friend like Accenture and we can hook you up. And regardless of the fact is you can now, if you cast that wide net, if you challenge yourself to get out of that Foxhole and look around, well then suddenly you can't be surprised. You can see it coming and you can then use your superpowers, which is incumbency, scale, balance sheet, customer base, you know, loyalty, all those things that you brand, all the things that make you strong, you can now append that disruption to it and basically, not get disrupted. So I think that's, that's the formula for going forward. >> Yeah, well, I love the one plus one makes three formula cause it really is kind of a match made in heaven really bringing together two sets of strengths that the other person or the other party doesn't really have. So you guys been at it for awhile and continued success. >> Well, thank you very much. All right. Well, Mike, thanks for taking a minute. He's Mike, I'm Jeff, you're watching theCUBE. With the Accenture Tech Vision launch 2020. Thanks for watching, we'll see you next time. (upbeat music)

Published Date : Feb 12 2020

SUMMARY :

brought to you by Accenture. It's the Accenture Tech Vision, And that's part of the role of Accenture Ventures. And that's really piece that you guys play. Right, exactly cause what, you know, Well, so, you know, a lot of places and the really smart people and they're kind of and then you have all the battleships How do the enterprises, you know, kind of view it, and really, you know, become really good dance partners. of Shenzhen and Shanghai, you know, Bangalore, So you know, from your kind of cap bird seed, vertically integrate it So, you know, you know, watch a lot of great interviews with Bezos. And regardless of the fact is you can now, So you guys been at it for awhile and continued success. Well, thank you very much.

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Keynote Analysis Day 2 | Nutanix .NEXT EU 2019


 

>>live from Copenhagen, Denmark. It's the Q covering Nutanix dot next 2019. Brought to you by Nutanix. Okay, Welcome back, everyone. To the Bella Centre in Copenhagen, Denmark. We are kicking off day two of the cubes live coverage of dot Next Nutanix the Nutanix show dot Next I'm your host, Rebecca night sitting alongside stew. Minutemen, of course, Do. The word of the day is delight. And in Copenhagen, Denmark, which is a year after your voted the most happy, the happiest country, the country that coined the term Hugh Ge, which means a sense of well being. What do you think delight It means in the context of this show in particular. >>Yeah, Rebecca. Right yesterday I thought I only knew one word. Ivan tackle. It was, Thank you, of course, but Hugh GE is actually one I I'd read about cause it's interesting. The study of happiness. They actually have an institute here in Denmark on talk about it. As you said, the people are some of the happiest. You say, Wow, it's, you know, often cold and rainy and things like that. But they do look into the study of delight, and it's it's something that I find pretty fascinating. I read a book by Tony Shea, who's the founder and CEO of Zappos talked about. You know, we all talk about where you want to go in career and what you want to do. But you know, how do we actually understand happiness and bringing it to the Tannic Show? Definitely. There is a certain joy from the community here. We've had a lot of talk with some of the practitioners as well as some of Nutanix employees, they want to say customer focused. They wantto, you know, build these experiences as the CEO Dheeraj Pandey said. And therefore, it's not about that that product, because so much in technology it's that new, shiny thing that we understand. Oh, it's never a silver bullet, and there's always the repercussions. And how do I have to reorganize? Things change so fast and technology. But if I could have experienced with the example get used all the time, is you know what would transform when we move to you know, the smartphone revolutionized by the iPhone or so many other things that just pull together, that that simplicity that gets baked in the design, something we've talked about both, You know, in Denmark as well as from the Nutanix discussion s o. So pulling those pieces together kind of a left brain right brain all pulling together. It has been interesting. And yeah, it gives kind of a highlight as to why Copenhagen was a nice place. Definitely. We've enjoyed, you know, being here at the show. >>Absolutely. And I think you're you're you're you're right on or we'll be talking a lot about designed today because delight is one of those again. It's something ineffable quality. You don't know you're being delighted because you're just being delighted. It's just nice at the ease of use. And in Monica Kumar, who we had on the show yesterday, of course, was talking about all all of the elements that go into that, taking 10 clicks and making enemies e swipe, eliminating downtime just a kn easy, intuitive use, which is which is absolutely what goes into delighting customers. We're gonna have a teacher. I'm a Chandran on the show today, talking Maura about designed to, uh, tell me about the energy of the show. We're gonna get into Nutanix a bit more today too. But just what do you think about the energy? Ah, what what you're feeling. >>So there are certain shows that we go to where we know that you have the true believers at the show. Splunk sw dot com is one where they all love the geeky T shirts that they get and people enjoy their service. Now, another one. A lot of the software companies it transformed the way they think. And then then they work. S O. You know, Dave wanted for years would tell me about that community community I know. Well, the VM world community. This reminds me of earlier days in VM World VM wear, you know, is dominant in their space. But, >>you know, >>they're shows. Not exactly. You know, a There are parties and their friends that we get together and one of the best communities in the industry. But, you know, it's a much, much bigger company. When you're 60,000 people and things like that, there's not as much of the kind of smaller, you know, touch and feel. You know, we heard from Monica yesterday. She talked about right when she joined the company. You know, somebody she knew would reached out about an issue that need to be worked out and just seamless, all swarming to solve that issue. Something, you know, I've done it. Some companies I've worked out where you know what teams pulling for. You know, the customer comes first and you get things done. So the customers here definitely are highly engaged, very excited because the experience of using the solution has made their lives easier and transfer help them transform their business. You know, that goal of I t helping toe not only support but be a driver of the business is exciting. >>So So exactly. And this is what we're gonna be talking about today to new tenants. They have this passionate customer base which they will need as they are a maturing company. So not now They're 10. They're hitting their their tween age years. So talk a little bit about what you're seeing about Nutanix trajectory and what it needs to do to to hit those next steps. >>S o. You know, the discussion for the last two years has been the move from removing hardware for something that they sold, which was always it was the software that was important and changes really passed along the hardware to this move to subscription, and along with that, it isn't just the same core a OS Nutanix software and some of the pieces that go with it. But really, they're expanding beyond infrastructure software to some of the application software. So yesterday we had Nikola, who's the CEO of Frame Frame, is desktop as a service S O. That was the type of software that sat on top of Nutanix or on top of the cloud expanding in that market. We're going have Bala on today to talk about ERA its database database absolutely an application that's that on Nutanix. But now they're building some of these applications. It's interesting. Almost 10 years ago, VM where tried to get into the application space they bought an email company they bought a social company on. Really, that didn't pan out well for them. Amazon does not sell many of their. They sell some of their own application, but most of them are an open source solution that is then delivered as opposed to the building applications. On top of a building applications is that the realm of Oracle on Microsoft and IBM have these, so it positions Nutanix in it in a little bit of different space. And how much are they going to have the customers that bought the platform that will build the service's leverage? The service is on top of them versus how many customers will come to them because of that application. Say, Oh, well, you know, database is one of those challenging things. If I could just have a nice, simple solution and maybe that's in the cloud. Or maybe it is on, you know, Nutanix environment in their data center on their server of choice. You know there are some Pastor Newtown is going forward to a much broader tam, but it's much broader competition, too, and you know their sales force and there's go to market their there's partners we're gonna spend a little time talking about, like the systems integrators today s Oh, it is a big, vast sea out there in the I T World. Nutanix has carved out a nice position where they are today, but, you know, opening up a number of areas of adjacent seas that they're going. So as they ride the software wave that they're pushing, it's an interesting one to set them up for the next 10 years. >>Absolutely. So what do you see are the biggest headwinds facing Nutanix right now. But as we've said, they have a passionate customer base. They've on the main stage. This morning we heard about their high net promoter score. We heard about there. They're amazing customer retention s o much repeat business. What do you think, though, Is is sort of the main What should be keeping dear Ege Pandey up at night. >>So one of the biggest challenges is you know, your 5000 person company. How do you keep growing at that pace? How can I hire we heard in Europe? It is a you know what it is a challenging market to hire. You are no longer that small startup that I'm going to get some AIPO bang for Buck. Now I'm a public company, you know, and you know, their stock incentives and things you can do. But Nutanix has a number of areas that they think they have exciting ways for people to be a part of some of these next waves that they're pushing. But that that is a big challenge. There is really cooperative in out there. We've spent much time talking about the ecosystem. They have a decent ecosystem, but their position in the cloud world Is there a player amongst many, many Betty, you know, hundreds, if not thousands, of companies out there When if you go to Amazon, reinvent you confined the Nutanix booth. But it's not one of the big players there you go to the Microsoft show, go to the Google shows. They are a small piece of that. And when we asked peerages, How do you position yourself and how do you, you know, get awareness in this environment? So when they had to down quarters, it was definitely marketing and sales, where the areas that they said they could not hire fast enough so they are going to need to invest more and they still aren't profitable. So we're almost three years past the I po. If you look at the transition to software, their revenues have been relatively flat. Their margins have been going up. But the market will not reward them if they can't keep the growth going. And, you know, start getting closer to that full profitability. >>Exactly, exactly. Well, these are all gonna be topics that we're going to dig deeper into today. We've got a great lineup of gas. And then, of course, the final keynote speaker. One of your faves. >>Yeah, Well, Kit Harington. Rebecca, What did you think of Carolina? >>She was fantastic. And I think what was really exciting about the interviewee, er was name Is Hae a friend of yours? Uh was It was how he was really drawing these analogies to Nutanix journey. It's similar to that of a professional athlete, and that is someone who who's getting knocked down and has to get back up against someone who's hit winning a few things, winning some business here, but she still needs >>She made a great point where said right. You know, the day after she was named number one, her father was like, Well, you need to get lower. You need to do this. And she's like, Wait, I'm number one. But you have to keep working or everyone will come after you. And so Nutanix is in a strong position, but absolutely they know that they need to keep working and training and improving listening to their customers to move forward. >>Absolutely, absolutely. So so. I think she had a lot of lessons for for Newtown Road, for the Nutanix community to so stew. I'm excited. For Day two, We're gonna have a lot of great custom, bloody great customers and Nutanix people on the show today to >>looking forward to it. And they had a fun party last night. They had the DJs were bumping. They had nice international food, some art and some interesting people dressed up as >>hedges and food >>and things walking around. So it was a little bit weird, but a lot of fun. >>And they're the happiest country in the world. What can we say? I'm Rebecca Knight. First Amendment, stay tuned for more of the cubes. Live coverage of Nutanix dot next.

Published Date : Oct 10 2019

SUMMARY :

Brought to you by Nutanix. You say, Wow, it's, you know, often cold and rainy But just what do you think about the energy? So there are certain shows that we go to where we know that you have the true You know, the customer comes first and you They have this passionate customer base which they will need as they are a maturing company. And how much are they going to have the customers that bought the platform that will build the service's So what do you see are the biggest headwinds facing Nutanix right now. So one of the biggest challenges is you know, your 5000 person company. And then, of course, the final keynote speaker. Rebecca, What did you think of Carolina? And I think what was really exciting about the interviewee, er was name Is You know, the day after she was named number one, We're gonna have a lot of great custom, bloody great customers and Nutanix people on the show today to They had the DJs were bumping. So it was a little bit weird, but a lot of fun. And they're the happiest country in the world.

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Anna Griffin, Smartsheet | Smartsheet Engage 2019


 

>>live from Seattle, Washington. It's the booth covering smartsheet engaged 2019. Brought to you by smartsheet. >>Welcome back, everyone to the cubes. Live coverage of smartsheet engaged here in Seattle. I'm your host, Rebecca Night, along with my co host, Jeff. Rick. We're joined by Anna Griffin. She is the CMO of smartsheet. Thanks so much for coming on the Cube. Thank you, guys for having me appreciate it. So you were your pretty new to this company. Joined in April. I'd love to hear, but you've also had an illustrious career in marketing. You've worked summers and big names, including Apple and Nortel and and Saturn. And you've also worked for Land's end and a whole bunch of different varied career. What attracted you to smart? >>She You know, it was interesting when I first got the call about smartsheet. I had never heard of it. And the way that it was positioned to me was super intriguing. I realized it was one of those a category that's just not established, but a category that has the potential to be the next big thing. And we're not even the potential. I mean, it will be the next big thing and, you know, I met with that was intriguing. But then, you know, I met with the executive team, and it was a perfect combination of a killer product, but a killer company. I can't tell you how special the leadership of this company is and their authenticity and their passion and their drive and their belief. It's so contagious. There's no way you would not want to be a part of it. So on, then, the privilege to be able to tell this company's story I feel like it is the best kept story. Not only in Seattle, potentially the world on I plan to tell the story and And what a gift it was. A great opportunity is a marketer toe have this type of opportunity. >>Well, we're gonna get into how you're going to tell the story. Okay, See you later. But so now you've been here a few months. It is your first ever engaged. What? What does he what are your impressions? >>Well, I wish I had been thio previous engaged to have something to compare it to. But the fact that this conference has doubled in size 4000 customers here and it's only its third show. I will tell you in the industry I've worked, you know, managing events teams for many, many, many years. Not a lot of conferences grow at this size, and Soto have 4000 customers here who are zealots. They are their passion for the product and what it's doing and what it's doing for there. Not only their companies, but their own personal careers. There isn't an empowerment story through their mouse that will just inspire you. So it's It's incredible. The energy here is really, really especially. >>Feel it, too. Way See >>it a lot of the smaller conferences, early days. That's why they're fun to be. Here were last year, when those 2000 it was adjacent to the to the office across the across the water. Exactly, but it is a really passion community, and, you know, Thio here, literal, literal cheers and claps at features. Well, it's great to see, like copy paste from one road to the other because it's clearly something that means something these people and that they have asked for and the company is delivered and really demonstrates, is listening to engage these crazy people. It's a great asset >>wave. That listening thing is huge, and I feel like that's one of the things. And I think it's why there is a CMO now. That's why I get the privilege to be the first CMO is because the customers said way need more awareness of this company. We need our our executives. We need lines of business leaders. We need i t to know who you are and the magic of what you do. We need awareness is gonna make it that much easier for us to get much wider adoption across these companies. If people know who you are and they know you know what you're capable of. So listening. That is one of the number one things we've heard. It's like awareness. They wanted awareness. So because it'll help make them more successful. So I think that was the catalyst for Okay, let's get a cheap Marty Officer, Let's go build >>that about you. What are you gonna do? What it wanted? Some of your top priority is to tell the story and to build brand awareness. >>Yeah, well, um well, you're the first thing was to really kind of Titan are positioning again. It's a great great products make great brands, and this is a great product company. But man were starting to do so much ward than just killer products. We're really getting into this enablement this, um right, transforming companies. And so I wanted to make sure we're positioned properly. And we're really positioning mawr in a more transformative altitude and the capabilities of what we can do. We have found we've spent way too much time talking about technology versus people versus what technology and people are going to do together. And that is the magic of what smartsheet does. It really takes platform a common platform that basically integrates with the Czech investment that you've already made with the systems of record that you already have pools that data out and then allows the people I work with that data all in a common really time, you know, application. And when you can marry those two things together that tech and people, that's when one plus one equals three. And so we call that that three is what we really call achievement again, Like everybody in our space is work work, work, task management, project management, the capability of smart shit Yeah, we do all that, too. But when you play in that transformative altitude, we're in a bling achievement and it enterprise wide level and achieve it like what your business can achieve. But this is the more special part. And this is where I get excited. Did you feel to tell this story is the achievement happens at a personal level to like again? I'm telling you when I talk to customers and I see what they're doing right, you don't understand. You have changed my career. I'm doing more strategic work. I am. I am seen differently in my company. I champion this, like all of a sudden, I am leading big teams. I went from this to this, and there they're empowerment is so big and so really that last mile of digital transformation is cultural transformation. And that's what this product does. And so job one was position. That's properly so we can tell that type of story and really put our solutions in that kind of light because that's what it does on then job to is to launch the campaign launches to the world. So we just launched two weeks ago, and it's a slow roll. I mean, we have hundreds of assets, it in place. So if I love seeing us on television, you know I love seeing is deeply in digital. I love some of the new interesting things that that we could do in media. But when our customers are saying that, you know they're seeing it a CMO like you high from it. Yeah, So it's fun. So jump to launch the campaign and the campaign is, well, we call the campaign can do you know we're positioning the brand as the platform for enterprise achievement. Number one Smart sheet is a platform, I think a lot of people, you know as it's grown. I mean, it truly is a platform, and it really is enterprise strong and wide. It's skills which is important, but its scales So everybody and a company can align organizational alignment to truly achieve something bigger aligned organizations do not fill. And so that's the That's the power. But I digress. >>No question that way >>you know, one of the great legs of your of your go to market strategy and your lead jen is your licensing formula, which enables me as the Spartan sheet licensee to engage lots of people, many outside my own, not by my own team, but my own company. And let them have access to this tool. What a smart, smart waiver. Whoever came up with that licensing strategy? What a great way to introduce the opportunity to use this transformational tool to ongoing and broad audience. >>Yes, your table is so exciting. When I was in the interview process and I was riding on a plane and clearly I had met with the company and I heard somebody in front of me was a consultant, one of the consulting firms who had met a complete stranger on the plane. And somehow Smartsheet came up that she was going you got Oh, my gosh, Smartsheet. This is like she was going. This is the best kept secret. We're using it with all of our clients. We heard about it through one of our clients. That wasn't one of them. We'll use it like Oh, my gosh, this is the game changer. I'm like putting >>my here in between the wayward. I put my hand it as it did You just say smart shape. >>Literally six people on the airplane, random people like, Oh, my gosh, we use it to It was the most surreal experience, and that was when I knew, like, Okay, I've got to be a part of this Coast special. Did a lot of people are now just getting that sensation of what this thing is capable of. And, >>well, it's funny to your personal achievement story. Reminds me of any time you know you got a new software company and whether, you know, centered alloy Dorian, Why, when those guys come in, they're making a big bet right there. Some new partner's gonna bet. Bet their career on this new technology. We've heard from a number of people how betting their career internally with smartsheet has changed their position in the company. Yes, for that today, a couple of times. So clearly you know it. It is an enablement platform for someone to, you know, grab on to the to the rocket ship and ride this Marchi wave thio new and bigger, better things, >>but but also her point about just even just participating in the technology. And then they're able to, as you said, work on more strategic work, be able to do more things in their jobs that have been catapulted them to new job. So it's not even necessarily betting on smartsheet bringing in smart cheat. But it is just just using smart sheet and then therefore they have more brain time. Yes, yes, oh, engagement we're talking about, >>right, right? You know, it is because we've been talking a lot about you know, some of the really scary statistics about how disengaged people are at work and how many people are ready to quit their job. And, you know, they've got all these blocks. Is menial roadblocks in their day to day existence that are that are negatively impacting their ability to want to do their job or but actually just want to be there anymore. And so it's It's like seems maybe to the outside, looking in some of these things by seem low value, but they're actually tremendous value. If you're removing these roadblocks so I can get my job done >>totally and love your job, you love your job. But know that the work that you do matters and I think so many people have lost that feeling like there's something about working and I don't know if it's the corporate world. But it has become such a grind, and that rare opportunity would like. I love what I do, and I know that it matters. It's a gift, and this is a platform that enables bad in people. And so I think that's when the fascinating things I've been spending a lot of time on the road with customers and I was at a very big multi national, big global agricultural company. And, um, Singer, Actually, I'm watching WAY Bet with probably 200 different Just what I would call power users across seven different you know, roll types like from I t toe hsc thio, you name it. And, um, every single one of them is like art. We're doing more like we are in power, like the engagement, the employee engagement in that company through the roof because every single person felt like were hurt. I have ownership, you know. I'm doing work. I'm taking it to a new level. And so you know, sure, there is a Thanh of operational efficiencies that are gonna come out of working with smartsheet. But I think the one to watch is what's gonna happen when your workforce is truly engaged and taking ownership of the work. Those were the good. Those are the companies that are going to have a higher retention. They're gonna have you. They're going to see something in that in that talent area. So this is more than just We're getting more work done and return on investment of our our our systems, like you're going to see you know what happens when your when your employees are empowered. >>Well, the word you didn't use his innovation that I firmly believe everyone wants more innovation, their company. >>But how do you do >>it? One of those? I think it's really simple. Lever on that is you just get more people more access to more data and then the ability to do something about it and open it up to all the smart people that see problem to different prisons in different opportunities. And that's where you start to get in. A leverage is amazing talent that you already have inside your four walls. >>But what is interesting about innovation, as I think sometimes the world so over rotates that innovation is gonna be that next killer line of code or it's going to be and they forget that the power of practical innovation like it's that Siri's of small collected things at out up, allowing your entire, you know, employee population to feel like they have the power to innovate us. That every person in the company has the power because the power practical innovation can lead to something Justus Big is the big already. >>Dev. Ops has shown that that's a better way anyway, right in software development, with the grand idea with the market development plan and the product development plan and the three year build cycle that's does not win against constant religious narrative improvement. Improvement, improvement, improvement, improvement. Yes, >>indeed. So you and you said this earlier and I saw it on your Lincoln to the last mile of digital transformation is cultural transformation. How do you describe the culture at smart shape now? I mean, we've talked about the evangelical customers Yeah, about with in smartsheet itself. >>It's, um it's pretty special. Know what you're gonna say? Of course. And see him? I was gonna say special, but it is. It is rare when people everyone comes to work with this belief like this true belief that they are They have the power to influence something and touch something that's going to do something great for other people. And I think that's what eyes, the most specialised. They they're not just doing it for themselves. They know they're doing it for others, like they know they love these guys. Every single person in the company loves that customer like the love ability, They love the customer, and they feel like they've got to do their best work so their customer can do something great with it. You know, they really understand that, and that's Ah, it's an incredible place to wanna work when you, when you feel that way but toe love your customers. I think that's why our customers love us back and to be loved. You must first love and because they love you know, it's it's >>rare. Well, congratulations. It sounds like it's a great role and you're in the right place. And I can't talk to you next year and hear more about can do and and all of the wonderful things you're doing. Thank you. Thank you, guys. I'm Rebecca Knight. That wraps up the cubes. Interviews. Stay tuned for our rap of engaged 2019 you're watching the Cube

Published Date : Oct 3 2019

SUMMARY :

Brought to you by smartsheet. it. So you were your pretty new to this company. just not established, but a category that has the potential to Okay, See you later. I will tell you in the industry I've worked, it a lot of the smaller conferences, early days. We need i t to know who you are and the magic of what you do. What are you gonna do? And that is the magic of what smartsheet you know, one of the great legs of your of your go to market strategy and your lead jen is And somehow Smartsheet came up that she was going you got Oh, my gosh, my here in between the wayward. Did a lot of people are now just getting that sensation It is an enablement platform for someone to, you know, grab on to the to the rocket And then they're able to, as you said, work on more strategic work, be able to do more things in their You know, it is because we've been talking a lot about you know, some of the really scary statistics about how But know that the work that you do matters Well, the word you didn't use his innovation that I firmly believe everyone A leverage is amazing talent that you already have inside your four walls. is gonna be that next killer line of code or it's going to be and they forget that development plan and the product development plan and the three year build cycle that's does not win against So you and you said this earlier and I saw it on your Lincoln to the last And I think that's what And I can't talk to you next year and hear more about can do and and all of the wonderful

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Anna Griffin, Smartsheet | Smartsheet Engage 2019


 

>>live from Seattle, Washington. It's the booth covering smartsheet engaged 2019. Brought to you by smartsheet. >>Welcome back, everyone to the cubes. Live coverage of smart. She engaged here in Seattle. I'm your host, Rebecca Night, along with my co host, Jeff. Rick. We're joined by Anna Griffin. She is the CMO of smartsheet. Thanks so much for coming on the Q. Thank you, guys for having me appreciate it. So you were your pretty new to this company joined in April. I'd love to hear, but you've also had an illustrious career in marketing. You've worked several big names, including Apple and Nortel and and Saturn. And you've also worked for Land's end and a whole bunch of different varied career. What attracted you to smart? She You know, it >>was interesting when I first got the call about smartsheet. I had never heard of it, and the way that it was positioned to me was super intriguing. I realized it was one of those a category that's just not established, but a category that has the potential to be the next big thing. And we're not even the potential. I mean, it will be the next big thing and you know, I met with that was intriguing. But, you know, I met with the executive team and it was a perfect combination of a killer product, but a killer company. I can't tell you how special the leadership of this company is and their authenticity and their passion and their drive and their belief. It's so contagious. There's no way you would not want to be a part of it. So on, then, the privilege to be able to tell this company's story I feel like it is the best kept story not only in Seattle, potentially the world on I plan to tell the story and and what a gift. But what a great opportunity is. A marketer toe have this type of opportunity. >>Well, we're gonna get into how you're going to tell the story, okay, a little bit later, but so now you've been here a few months. It is your first ever engaged What? What does he what are your impressions? >>Well, I wish I had been thio previous engaged to have something to compare it to. But the fact that this conference has doubled in size 4000 customers here and it's only its third show. I will tell you in the industry who have worked, you know, managing events teams for many, many, many years. Not a lot of conferences grow at this size, and Soto have 4000 customers here who are zealots. They are their passion for the product and what it's doing and what it's doing for there. Not only their companies, but their own personal careers. There isn't an empowerment story through their mouse that will just inspire you. So it's It's incredible. The energy here is really, really especially. >>Feel it, too. Way See >>it a lot of the smaller conferences early days. That's why they're fun to be. Here were last year, when those 2000 it was adjacent to the to the office across the across the water. Exactly, but it is a really passion community, and you know, Thio here, literal, literal cheers and claps at features. It's great. It's like copy paste from one road to the other because it's clearly something that means something these people and that they have asked for and the company is delivered and really demonstrates, is listening to engage these crazy people. It's a great asset >>wave. That listening thing is huge, and I feel like that's one of the things. And I think it's why there is a CMO now. Why get the privilege to be the first CMO is because the customers said way need more awareness of this company. We need our our executives. We need lines of business leaders. We need i t to know who you are and the magic of what you do. We need awareness is gonna make it that much easier for us to get much wider adoption across these companies. If people know who you are and they know you know what you're capable of. So listening. That is one of the number one things we've heard. It's like awareness. They wanted awareness, so because >>it'll help make them >>more successful. So I think that was the >>catalyst for OK, let's get achieve, Marty. Officer, Let's go build that about you. What are you gonna do? What were some of your top priority is to tell the story and to build brand awareness. Yeah, well, um well, you're the first thing >>was to really kind of Titan are positioning again. It's a great great products make great brands, and this is a great product company. But man were starting to do so much more than just killer products were really getting into this enablement this, right, transforming companies. And so I wanted to make sure we're positioned properly. And we're really positioning mawr in a more transformative altitude and the capabilities of what we could do. You know, we have found we've spent way too much time talking about technology versus people versus what technology and people are going to do together. And that is the magic of what Smartsheet does. It really takes a platform, a common platform that basically integrates with the tech investments. And you've >>already made with the systems of record that you already have pools that data out and then allows >>the people I work with that data all in a common really time application. And when >>you can marry >>those two things together, that tech and people, that's when one plus one equals three. And so we call that that three is what we really call achievement again, like >>everybody in our space >>is work work, work, task management, project management, the capability of smart shit. Yeah, we do all that too. But when you're playing that transformative altitude, we're in Ebeling achievement and it enterprise wide level and achievement, like what your business can achieve. But this is the more special part, and this is where I get excited. Did you feel to tell this story is the achievement happens at a personal level to like again? I'm telling you when I talk to customers and I see what they're doing right, you don't understand. You have changed my career. I'm doing more strategic work. I am. I am seeing differently in my company. I champion this, like all of a sudden I am leading big teams. I went from this to this, and there they're empowerment is so big and so really that last mile of digital transformation is cultural transformation. And that's what this product does. And so job one was position. That's properly so we can tell that type of story and really put our solutions in that kind of light because that's what it does on then job to is to launch the campaign launches to the world. So we just launched two weeks ago and it's a slow roll. I mean, we have hundreds of assets it in place. So if I love seeing us on television, you know I love seeing is deeply in digital. I love some of the new interesting things that that we can do in media. But when our customers are saying that you know they're seeing it, a CMO like you gonna get a high from it. Yeah, So it's fun job to launch the campaign, >>and the campaign is, well, we call the campaign can do you know we're positioning >>the brand as the platform for enterprise achievement. Number one Smart sheet is a platform, I think a lot of people, you know as it's grown. I mean, it truly is a platform, and it really is enterprise strong and wide. It's skills which is important, but its scales So everybody and a company can align organizational alignment to truly achieve something bigger aligned organizations do not fill. And so that's the That's the power. But I digress. >>No question that way >>you know, one of the great legs of your of your go to market strategy and your lead Jen is your licensing formula, which enables me as the Spartan sheet licensee to engage lots of people many outside my own, not by my own team, but my own company. And let them have access to this tool. What a smart, smart waiver. Whoever came up with that licensing strategy? What a great way to introduce the opportunity to use this transformational tool to ongoing and broad audience. Yes, >>your table is so exciting. >>When I was in the interview process and I was riding on a plane and clearly I had met with the company and I heard somebody in front of me was a consultant, one of the consulting firms who had met a complete stranger on the plane. And somehow Smartsheet came up that she was going you got Oh, my gosh, Smartsheet. >>This is like she was going. This is the best kept secret. We're using it with all of our clients. We heard about it through one of our clients That wasn't one of them. We'll use it like Oh, my gosh, this is the game changer. I'm like putting my here in between the wayward I put my hand in as it did You just say smart shape. Literally six people on the airplane, random people like, Oh, my gosh, we use it to. It was the >>most surreal experience, and that was when I knew, like, Okay, I've got to be a part of this Coast special. Did a lot of people are now just getting that sensation of what this thing is capable of. >>And, well, it's funny to your personal achievement story. Reminds me of any time you know you got a new software company and whether you know, center Deloitte or even why, when those guys come in, they're making a big bet right there. Some new partner's gonna bet. Bet their career on this new technology. We've heard from a number of people how betting their career internally with smartsheet has changed their position in the company. Yes, we find that today a couple of times so clearly you know it. It is an enablement platform for someone to, you know, grab on to the to the rocket ship and ride this Marchi wave thio new and bigger, better things, >>but but also her point about just even just participating in the technology. And then they're able to, as you said, work on more strategic work, be able to do more things in their jobs that have been catapulted them to new job. So it's not even necessarily betting on smartsheet and bringing in smart cheat. But it is just just using smart sheet and then therefore they have more brain time. Yes, yes, oh, engagement we're talking about, >>right, right? You know, it is because we've been talking a lot about you know, some of the really scary statistics about how disengaged people are at work and how many people are ready to quit their job. And, you know, they've got all these blocks. Is menial roadblocks in their day to day existence that are that are negatively impacting their ability to want to do their job or but actually just want to be there anymore. And so it's It's like it seems, maybe to the outside, looking in some of these things by seem low value, but they're actually tremendous value if you're removing these roadblocks so I could get my job done >>totally and love your job, you love >>your job. But know that the work that you do matters and I think so many people have lost that feeling like there's something about working and I don't know if it's the corporate world, but it has become such a grind and that rare opportunity. We feel like I love what I do, and I know that it matters like it's a gift and this is a platform that enables bad in people. And so I think that's when the fascinating things I've been spending a lot of time on the road with customers and I was at a very big multi national, big global agricultural company. And, um, Singer, Actually, I'm watching WAY Bet with probably 200 different Just what I would call power users across seven different you know, roll types like from I t toe hsc thio, you name it. And, um, every single one of them is like art. We're doing more like we are empowered, like the engagement, the employee engagement in that company, through the roof because every single person felt like were hurt. I have ownership, you know. I'm doing work. I'm taking it to a new level. And so you know, sure, there is a Thanh of operational efficiencies that are gonna come out of working with smart shape, But I think the one to watch is what's gonna happen when your workforce is truly engaged and taking ownership of the work. >>Those were the good. Those are the companies that are >>going to have a higher retention they're gonna have >>They're going to see >>something in that in that talent area. So this is more than just We're getting more work done and return on investment of our our our systems like you're going to see you know, what happens when your when your employees are empowered. >>Well, the word you didn't use his innovation that I firmly believe everyone wants more innovation, their company. >>But how do you do >>it? One of those? I think it's really simple. Lever on that is you just get more people more access to more data and then the ability to do something about it and open it up to all the smart people that see problem to different prisons in different opportunities. And that's where you start to get in. A leverage is amazing talent that you already have inside your four walls. >>But what is interesting about >>innovation is I think sometimes the world so over rotates that innovation is gonna be that next killer line of code, or it's going to be and they forget that the power of practical innovation like it's that Siri's of small collected things at out up, allowing your entire, you know, employee population to feel like they have the power to innovate us. That every person in the company has the power because the power practical innovation can lead to something Justus biggest the big already >>Dev Ops has shown that that's a better way anyway, right in software development, with the grand idea with the market development plan and the product development plan in the three year build cycle that's does not win against constant religious narrative improvement. Improvement, improvement, improvement, improvement. Yes, >>indeed. So you and you said this earlier and I saw it on your Lincoln to the last mile of digital transformation is cultural transformation. Yes. How do you describe the culture at smart shape now that we've done talked about the evangelical customers Yeah, about with in smartsheet itself, it's, um it's pretty >>special. Know what you're gonna say? Of course. And see if I was >>gonna say special. But it is. It is rare >>when people everyone comes to work with this belief like this true belief that they are. They have the power to influence something and touch something that's going to do something great for other people. And I think that's what is the most special is they? They're not just doing it for themselves. They know they're doing it for others, like they know they love these guys. Every single person in the company loves that customer like the love ability, They love the customer and they feel like they've got to do their best work. So their customer, I can do something great >>with it. You know, they really understand that. >>And that's Ah, it's an incredible place to wanna work when you, when you feel that way but toe love your customers. I think that's why our customers love us back and to be loved. You must first love >>and because they love you know, it's it's rare. Well, congratulations. It sounds like it's a great role and you're in the right place. And I can't talk to you next year and hear more about can do and and all of the wonderful things you're doing. Thank you. Thank you, guys. I'm Rebecca Knight. That wraps up the cubes. Interviews. Stay tuned for our rap of engaged 2019 you're watching the Cube

Published Date : Oct 1 2019

SUMMARY :

Brought to you by smartsheet. it. So you were your pretty new to this company joined in April. established, but a category that has the potential to be the What does he what are your impressions? I will tell you in the industry who have worked, Feel it, too. It's like copy paste from one road to the other because it's clearly something that means something these people and We need i t to know who you are and the magic of what you do. So I think that was the What are you gonna do? And that is the magic of what Smartsheet does. the people I work with that data all in a common really time application. And so we call that that three is what we really call achievement again, But when our customers are saying that you know they're seeing And so that's the That's the power. you know, one of the great legs of your of your go to market strategy and your lead Jen is And somehow Smartsheet came up that she was going you I'm like putting my here in between the wayward I put my hand Did a lot of people are now just getting that sensation of what so clearly you know it. And then they're able to, as you said, work on more strategic work, be able to do more things in their And so it's It's like it seems, maybe to the outside, But know that the work that you do matters and I think so many people have lost Those are the companies that are know, what happens when your when your employees are empowered. Well, the word you didn't use his innovation that I firmly believe everyone A leverage is amazing talent that you already have inside your four walls. line of code, or it's going to be and they forget that the power of practical Dev Ops has shown that that's a better way anyway, right in software development, with the grand idea with the market So you and you said this earlier and I saw it on your Lincoln to the last And see if I was It is rare They have the power to influence something and touch You know, they really understand that. when you feel that way but toe love your customers. And I can't talk to you next year

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Beth Devin, Citi Ventures | Mayfield People First Network


 

>> Narrator: From Sand Hill Road, in the heart of Silicon Valley, it's the CUBE. Presenting, The People First Network, insights from entrepreneurs and tech leaders. >> Hello everyone welcome to this special CUBE conversation, I'm John Furrier, host of theCUBE. We're here at Mayfield Fund, on Sand Hill Road and Menlo Park. As part of Mayfield's People First Network, co-creation with SiliconANGLE and theCUBE and Mayfield. Next guest, Beth Devin, Managing Director of Innovation Network and Emerging Technologies at Citi Ventures. Thanks for coming on. >> Thanks for having me. >> Hey, thanks for coming in. We're here for the Mayfield fiftieth anniversary, where they're featuring luminaries like yourself, and we're talking about conversations around how the world's changing and the opportunities and the challenges can be met, and how you can share some of your best practices. Talk about what your role is at Citi Ventures and what your focus is. >> Sure, sure, and boy howdy, has it been changing. It's hard to keep up with. I've been at Citi Ventures about two years and one of the reasons I joined was to stand up an Emerging Technology practice. Citi Ventures does a lot of work in corporate venture investing. We tend to be strategic investors, for start up companies that are aligned with the strategy of Citi, as well as our client. We serve probably, eighty percent of the Fortune Five Hundred companies in the world. But we also are a really important part of the innovation ecosystem at Citi. Which is looking at how to drive culture change, broaden mindset, and really, enlist our employees to be part of the innovation process. So, we have an internal incubator, we have a Shark Tank-like process we call Discover Ten X. And what I really bring to the table with my team is monitoring, and learning about, and digesting technology that's not quite ready for commercialization but we think it might be disruptive in a good or challenging way for the bank or our clients. We try to educate and provide content that's helpful to our executives, and just the employee body at large. >> I want to get into a LinkedIn post you wrote, called the Tech Whisperer, which I love. >> Thank you. >> You're there to identify new things to help people understand what that is. But that's not what you've done. You've actually implemented technology. So, on the other side of the coin, in your career. Tell us about some of the things you've done in your career, because you've been a practitioner. >> Beth: Yeah. >> and now you're identifying trends and technologies, before you were on the other side of the table. >> That's right, and sometimes I'll tell you, I have that itch. I miss the operator role, sometimes. Yeah, you know, I feel so fortunate I sort of stumbled on computer science early when I was going to school. And, the first, I'd say twenty years of my career, were working in enterprise I.T, which at that time I couldn't even have made that distinction, like why do you have to say enterprise I.T. I was a software developer, and I was then a DBA, and I even did assembler language programing. So way back when, I think I was so fortunate to fall in to software engineering. It's like problem solving, or puzzle making, and you with your own brain and sort of typing can figure out these problems. Then over the years I became more of a manager and a leader, and sort of about a reputation for being somebody you could put on any hard problem and I'd figure a way out. You know tell me where we're trying to go it looks knotty, like not a fun project, and I would tackle that. And then I'd say, I had some experience working in lots of different industries. Which really gave me an appreciation, for you know, at the end of the day, we can all debate the role that technology plays in companies. But industries, whether it's health care or media, or financial services. There's a lot of the same challenges that we have. So I worked at Turner Broadcasting before it was acquired, you know by Time Warner and AOL. And I learned about media. And then I had a fantastic time working at Charles Schwab. That was my first big Financial Services role when it came back to the bay area. I worked at Art.Com, it was a need converse company, the first company I worked at where I was in charge of all the technology. We had no brick and mortar, and if the technology wasn't working, we weren't earning revenue, in fact, not only that, we were really making customers angry. I also had a role at a start up, where I was the third person to join the company, and we had a great CEO who had a vision, but it was on paper. And we hadn't really figured out how to build this. I was very proud to assemble a team, get an office, and have a product launch in a year. >> So you're a builder, you're a doer, an assembler, key coding, hexadecimal cord dumps back in the day. >> Way back when. We didn't even have monitors. I'll tell ya, it was a long time ago. >> Glory days, huh? Back when we didn't have shoes on. You know, technology. But what a change. >> Huge change. >> The variety of backgrounds you have, The LinkedIn, the Charles Schwab, I think was during the growth years. >> And the downturn, so we got both sides. >> Both sides of that coin, but again, the technologies were evolving. >> Yes. >> To serve that kind of high frequency customer base. >> Beth: That's right. >> With databases changing, internet getting faster. >> It has. >> Jeff: More people getting online. >> We were early adopters, I'll tell you. I still will tell people, Charles Schwab is one of the best experiences I have, even though at the end I was part of the layoff process. I was there almost seven years, and I watched, we had crazy times in the internet boom. Going in 98, 99, 2000, I can't even tell you some of the experiences we had. And we weren't a digital native. But we were one of the first companies to put trading online, and to build APIs so our customers could self service, and they could do that all online. We did mobile trading. I remember we had to test our software on like twenty different phone sets. Today, it's actually, so much easier. >> It's only three. Or two. Or one. Depending on how you look at it. >> That's right. We couldn't even test on all the phone sets that were out then. But that was such a great experience, and I still, that Schwab network, is still people I'm in touch with today. And we all sort of sprinkled out to different places. I think, I dunno, there's just something special about that company in terms of what we learned, and what we were able to accomplish. >> You have a fantastic background. Again the waves of innovation you have lived through, been apart of, tackling hard problems, taking it head on. Great ethos, great management discipline. Now more than ever, it seems to be needed, because we're living in an age of massive change. Cause you have the databases are changing, the networks changing, the coding paradigms changing. Dev ops, you've got the role of data. Obviously, mobile clearly is proliferated. And now the business models are evolving. Now you got business model action, technical changes, cultural people changes. All of those theaters are exploding with opportunity, but also challenges. What's your take on that as you look at that world? >> You know, I'm a change junkie, I think. I love when things are changing, when organizations are changing, when companies are coming apart and coming together. So for me, I feel like, I've been again, so fortunate I'm in the perfect place. But, one of the things that I really prided myself on early in my career, is being what I call the bridge, or the, the translator between the different lines of business folks that I work with. Whether it was head of marketing, or somebody in a sales or customer relationship, or service organization, and the technology teams I built and led. And I think I've had a natural curiosity about what makes a business tick, and not so much over indexing on the technology itself. So technology is going to come and go, there's going to be different flavors. But actually, how to really take advantage of that technology, to better engage your customers, which as you said, their needs and their demands are changing, their expectations are so high. They really set the pace now. Who would have though that ten years ago we'd live in an environment where industries and businesses are changing because consumers have sort of set the bar on the way we all want to interact, engage, communicate, buy, pay. So there's this huge impact on organizations, and you know, I have a lot of empathy for large established enterprises that are challenged to make it through this transformation, this change, that somehow, they have to make. And I always try to pay attention on which companies have done it. And I call out Microsoft as an example. I can still remember several years ago, being at a conference. I think it was Jeffrey Moore who was speaking, and he had on one slide... Here's all the companies in technology that have had really large success. Leading up to the internet boom days, there would be a recipe for the four companies that would come together. I think it was Sun, Oracle, and Microsoft. And then he said, and now here's the companies of today. And most young people coming out of college, or getting computer science degrees won't use any of these old technology companies. But Microsoft proved us all wrong, but they did it, focused on people, culture, being willing to say where they screwed up, and where they're not going to focus anymore, and part ways with those parts of their business. And really focus on who are their customers, what are their customer needs. I think there's something to be learned from those changes they made. And I think back to the Tech Whisperer, there's no excuse for an executive today, not to at least understand the fundamentals of technology. So many decisions have to be made around investment, capital, hiring, investment in your people. That without that understanding, you're sort of operating blind. >> And this is the thing that I think I love, and was impressed by that Tech Whisperer article. You know, a play on the Horse Whisperer, the movie. You're kind of whispering in the ears of leaders who won't admit that they're scared. But they're all scared! They're all scared. And so they need to get, maybe it's cognitive dissonance around decision making, or they might not trust their lead. Or they don't know what they're talking about So this certainly is there, I would agree with that. But there's dynamics at play, and I want to get your thoughts on this. I think this plays into the Tech Whisperer. The trend we're seeing is the old days was the engineers are out coding away, hey they're out there coding away, look at them coding away. Now with Cloud they're in the front lines. They're getting closer to the customer, the apps are in charge. They're dictating to the infrastructure what can be done. With data almost every solution can be customized. There's no more general purpose. These are the things we talk about, but this changes the personnel equation. Now you got engineering and product people talking to sales and marketing people, business people. >> And customers. >> They tend not to, they traditionally weren't going well. Now they have to work well, engineers want to work with the customers. This is kind of a new business practice, and now I'm a scared executive. Beth, what do I do? What's your thoughts on that dynamic? >> You know, I'm not sure I would have had insight in that if I hadn't had the oppurtunity to work at this little start up, which we were a digital native. And it was the first time I worked in an environment where we did true extreme programming, pair programming, we had really strong product leads, and engineers. So we didn't have project managers, business analysts, a lot of things that I think enterprise I.T tends to have. Because the folks, historically, at an enterprise, the folks that are specifying the need, the business need, are folks in the lines of business. And they're not product managers, and even product managers, I say in banking for example, they aren't software product managers. And so that change, if you really do want to embrace these new methods and dev ops, and a lot of the automation that's available to engineering and software development organizations today, you really do have to make that change. Otherwise it's just going to be a clumsy version of what you use to do, with a new name on it. The other thing though that I would say, is I don't want to discount for large enterprises is partnerships with start up companies or other tech partners. You don't need to build everything. There's so much great technology out there. You brought up the Cloud. Look at how rich these Cloud stacks are getting. You know, it's not just now, can you provision me some compute, and some storage, and help me connect to the internet. There's some pretty sophisticated capabilities in there around A.I and machine learning, and data management, and analysis. So, I think overtime, we'll see richer and richer Cloud stacks, that enables you know, every company to benefit from the technology and innovation that's going on right now. >> Andy Jassy, the CEO of Amazon Web Search, has always said whenever I've interviewed him, he always talks publicly now about it is, two pizza teams, and automate the undifferentiated heavy lifting. In tech we all know what that is, the boring, mundane, patching, provisioning, ugh. And deploying more creative research. Okay so, I believe that. I'm a big believer of that philosophy. But it opens up the role, the question of the roles of the people. That lonely DBA, that you once were, I did some DBA work myself. System admins, storage administrator, these were roles, network administrator, the sacred God of the network, they ran everything. They're evolving to be much more coding oriented, software driven changes. >> It's a huge change. And you know, one thing that I think is sad, is I run into folks often that are, I'll just say, technology professionals, just say, you know, we're at large. Who are out of work. You know, who sort of hang their head, they're not valued, or maybe there's some ageism involved, or they get marked as, oh that's old school, they're not going to change. So, I really do believe we're at a point, where there's not enough resources out there. And so how we invest in talent that's available today, and help people through this change, not everybody is going to make it. It starts with you, knowing yourself, and how open-minded you are. Are you willing to learn, are you willing to put some effort forth, and sort of figuring out some of these new operating models. Because that's just essential if you want to be part of the future. And I'll tell you, it's hard, and it's exhausting. So I don't say this lightly, I just think. You know about my career, how many changes and twists and turns their have been. Sometimes you're just like, okay I'm ready, I'm ready to just go hiking. (Beth laughs) >> It can be, there's a lot of institutional baggage, associated with the role you had, I've heard that before. Old guard, old school, we don't do that, you're way too old for that, we need more women so lets get women in. So there's like a big dynamic around that. And I want to get your thoughts on it because you mentioned ageism, and also women in tech has also grown. There's a need for that. So there's more opportunities now than ever. I mean you go to the cyber security job boards, there are more jobs for cyber security experts than any. >> Oh, I'll tell you, yesterday, we held an event at our office, in partnership with some different start ups. Because that's one of the things you do when you're in a corporate venture group, and it was all on the future of authentication. So it was really targeted at an audience of information security professionals and chief information security officers. And it was twenty men and one woman. And I thought, wow, you know I'm use to that from having been a CIO that a lot of the infrastructure roles in particular, like as you were saying, the rack and stack, the storage management, the network folks, just tend to be more male dominant, than I think the product managers, designers, even software engineers to some extent. But here you know, how many times can you go online and see how many openings there are for that type of role. So I personally, am not pursuing that type of role, so I don't know what all the steps would need to be, to get educated, to get certified, but boy is there a need. And that needs not going to go away. As more, if everything is digitized and everything is online. Then security is going to be a constant concern and sort of dynamic space. >> Well, we interview a lot of women in tech, great to have you on, you're a great leader. We also interview a lot of people that are older. I totally believe that there's an ageism issue out there. I've seen it first hand, maybe because I'm over fifty. And also women in tech, there's more coming but not enough. The numbers speak for themselves. There's also an opportunity, if you look at the leveling up. I talked to a person who was a network engineer, kind of the same thing as him, hanging his head down. And I said, do you realize that networking paradigm is very similar to how cyber works. So a lot of the old is coming back. So if you look at what was in the computer science programs in the eighties. It was a systems thinking. The systems thinking is coming back. So I see that as a great opportunity. But also the aperture of the field of computer science is changing. So it's not, there are some areas that frankly, women are better than men at in my opinion. In my opinion, might get some crap for that. But the point, I do believe that. And there are different roles. So I think it's not just, there's so much more here. >> Oh, that's what I try to tell people. It's not just coding, right. There's so many different types of roles. And unfortunately I think we don't market ourselves well. So I encourage everyone out there that knows somebody. (Beth laughs) Who's looking-- >> If someone was provisioned Sun micro-systems, or mini computers, or workstations, probably has a systems background that could be a Cloud administrator or a Cloud architect. Same concepts. So I want to get your thoughts on women in tech since you're here. What's your thoughts on the industry, how's it going, things you advise, other folks, men and women, that they could do differently. Any good signs? What's your thoughts in general? >> Yeah so, first of all, I'm just a big advocate for women in general. Young girls, and, young women, just getting into the work force, and always have been. Have to say again, very fortunate early in my career working for companies like a phone company, and Schwab, we had so many amazing female leaders. And I don't even think we had a program, it was just sort of part of the DNA of the company. And it's really only in the last couple of years I really seen we have a big problem. Whether it's reading about some of the cultures of some of the big tech companies, or even spending more time in the valley. I think there's no one answer, it's multifaceted. It's education, it's families, it's you know, each one of us could make a difference in how we hire, sort of checking in what our unintended biases are, I know at Citi right now, there's a huge program around diversity and inclusion. Gender, and otherwise. And one of the ways I think it's going to be impactful. They've set targets that I know are controversial, but it holds people accountable, to make decisions and invest in developing people, and making sure there's a pipeline of talent that can step up into even bigger roles with a more diverse leadership team. It will take time though, it will take time. >> But mind shares are critical. >> It absolutely is. Self-awareness, community awareness, very much so. >> What can men do differently, it's always about women in tech, but what can we, what can men do? >> I think it's a great question. I would say, women can do this too. I hate when I see a group together, and it's all women working on the women issue. Shame on us, for not inviting men into the organization. And then I think it's similar to the Tech Whisperer. Don't be nervous, don't be worried, just step in. Because, you know, men are fathers, men are leaders, men are colleagues. They're brothers, they're uncles. We have to work on this together. >> I had a great guest, and friend, I was interviewing. And she was amazing, and she said, John, it's not diversity and inclusion, it's inclusion and diversity. It's I-N-D not D-I. First of all, I've never heard of it, what's D-N-I? My point exactly. Inclusion is not just the diversity piece, inclusion first is inclusive in general, diversity is different. So people tend to blend them. >> Yes they do. >> Or even forget the inclusion part. >> Final question, since you're a change junkie, which I love that phrase, I'm kind of one myself. Change junkies are always chasing that next wave, and you love waves. Pat Gelsinger at VMWare, wave junkie, always love talking with him. And he's a great wave spotter, he sees them early. There's a big set of waves coming in now, pretty clear. Cloud has done it's thing. It's only going to change and get bigger, hybrid, private, multi Cloud. Data, AI, twenty year cycle coming. What waves are you most excited about? What's out there? What waves are obvious, what waves aren't, that you see? >> Yeah, oh, that's a tough one. Cause we try to track what those waves are. I think one of the things that I'm seeing is that as we all get, and I don't just mean people, I mean things. Everything is connected, and everything has some kind of smarts, some kind of small CPU senser. There's no way that our existing, sort of network, infrastructure and the way we connect and talk can support all of that. So I think we're going to see some kind of discontinuous change, where new models are going to, are going to absolutely be required cause we'll sort of hit the limit of how much traffic can go over the internet, and how many devices can we manage. How much automation can the people and an enterprise sort of oversee and monitor, and secure and protect. That's the thing that I feel like it's a tsunami about to hit us. And it's going to be one of these perfect storms. And luckily, I think there is innovation going on around 5G and edge computing, and different ways to think about securing the enterprise. That will help. But it couldn't come soon enough. >> And model also meaning not just technical business. >> Absolutely. Machine the machine. Like who's identity is on there that's taken an action on your behalf, or the companies behalf. You know, we see that already with RPA, these software robots. Who's making sure that they're doing what they're suppose to do. And they're so easy to create, now you have thousands of them. In my mind, it's just more software to manage. >> And a great contrary to Carl Eschenbach, former VMware CEO now at Sequoia, he's on the board of UIPath, they're on the front page of Forbes today, talking about bots. >> Yes, yes, yes, I've heard them speak. >> This is an issue, like is there a verification. Is there a fake bots coming. If there's fake news, fake bots are probably going to come too. >> Absolutely they will. >> This is a reality. >> And we're putting them in the hands of non-engineers to build these bots. Which there's good and bad, right. >> Regulation and policy are two different things, and they could work together. This is going to be a seminal issue for our industry. Is understanding the societal impact, tech for good. Shaping the technologies. This is what a Tech Whisperer has to do. You have a tough job ahead of you. >> But I love it. >> Jeff: Beth thank you for coming on. >> Thank you for having me. >> I'm Jeff Furrier for the People First Network here at Sand Hill Road at Mayfield as part of theCUBE and SiliconANGLE's co-creation with Mayfield Fund, thans for watching.

Published Date : Sep 12 2019

SUMMARY :

in the heart of Silicon Valley, I'm John Furrier, host of theCUBE. and how you can share some of your best practices. the reasons I joined was to stand up an I want to get into a LinkedIn post you wrote, So, on the other side of the coin, before you were on the other side of the table. There's a lot of the same challenges that we have. key coding, hexadecimal cord dumps back in the day. We didn't even have monitors. But what a change. I think was during the growth years. the technologies were evolving. With databases changing, I can't even tell you some of the experiences we had. Depending on how you look at it. We couldn't even test on all the phone sets Again the waves of innovation you have lived through, And I think back to the Tech Whisperer, And so they need to get, Now they have to work well, and a lot of the automation that's available to the sacred God of the network, they ran everything. And you know, one thing that I think is sad, And I want to get your thoughts on it because Because that's one of the things you do when you're And I said, do you realize that networking paradigm is very And unfortunately I think we don't market ourselves well. So I want to get your thoughts on women in tech And I don't even think we had a program, it was just It absolutely is. And then I think it's similar to the Tech Whisperer. Inclusion is not just the diversity piece, and you love waves. And it's going to be one of these perfect storms. And they're so easy to create, now you have And a great contrary to Carl Eschenbach, If there's fake news, fake bots are probably going to come too. to build these bots. This is going to be a seminal issue for our industry. I'm Jeff Furrier for the People First Network here

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Phil Finucane, Express Scripts | Mayfield People First Network


 

>> Narrator: From Sand Hill Road, in the heart of Silicon Valley, it's theCUBE, presenting the People First Network, insights from entrepreneurs and tech leaders. >> Hello and welcome to a special Cube conversation, I'm John Furrier with theCUBE. We're here at Mayfield Fund on Sand Hill Road, Venture Cap for investing here for the People First co-created production by theCube and Mayfield. Next to us, Phil Finucane who's the former CTO of Express Scripts as well as a variety of other roles. Went to Stanford, Stanford alum. >> Mm hmm. >> Good to see you, thanks for joining me for this interview. >> Thank you, thank you for having me. >> So, before we get into some of the specifics, talk about your career, you're a former CTO of Express Scripts >> Yep. >> What are some of the other journeys that you've had? Talk about your roles. >> Yeah, I've had sort of a varied career. I started off as just a computer coder for a contract coder in the mid-90s. I sort of stumbled into it, not because I had a computer science background, but because when you start coding, sort of for fun in Silicon Valley in the mid-90s, there are just lots of jobs and I was lucky to have great mentors along the way. In 2003, I joined Yahoo and came in as the lead engineer, sort of the ops guy and the build and release guy for the log in and registration team at Yahoo, so I learned how to, went from being just a coder to being somebody who know how to run and build big systems and manage them all around the world. That was in the day when everything was bare metal and I could go to a data center and actually look at my machine and say, "Wow, that one's mine," right? And you know, sort of progressed from there to being the architect by the time that I left for some of the big social initiatives at Yahoo. On my way out, the YOS, the initiative to try to build Facebook in I think 2007, 2008 to try to take them on. That didn't work out too well, but it was definitely a formative experience in my career. From there I went to Zynga, where I was the CTO for Farmville. Was really, really good at getting middle-aged women in the Midwest to come play our game, and you know, was there for >> And it was highly, >> About three years >> high growth, Farmville >> Huge growth >> Took off like a rocket ship. >> Yeah, you know, over the 10 quarters I worked on the game we had over a billion dollars in revenue and that was, you know, the Zynga IPO'd on the back of that, right? And we weren't the only game, but we were certainly >> That was one of the big games >> The big whale, us and poker were the two that really drove the value in Zynga at that point. After that, I went to American Express, where I worked in a division that sort of sat off on the side of American Express focusing on stored value products. I was the chief architect for that division. Stored value products and international currency exchange. So, you know, at one point, I was in charge of both a pre-paid platform and American Express's traveler's checks platform, believe it or not, a thing that still exists. Although it's not heavily used any more. And you know, finally, I went to Express Scripts, where I spent the last three years as the CTO for that org. >> It's interesting, you've got a very unique background, because you know, you've seen the web scale, talk about bare metal Yahoo days, I mean, I remember those days vividly, you know, dealing with database schemas, I mean certainly the scale of Yahoo front page, never mind the different services that they had, which by the way, silo-like, they had databases >> Very, oh totally >> So building a registration and identity system must've been like, really stitching together a core part of Yahoo, I mean, what a Herculean task that must've been. >> Yeah, it was a lot of fun. I learned a lot, you know, we, it was my first experience in figuring out how to deal with security around the web. You know, we had, at the beginning, some vulnerabilities here and there, as time went on, our standards around interacting around the web got better and better. Obviously, Yahoo has run into trouble around that in subsequent years, but it was definitely a big learning experience, being involved in you know, the development of the OAuth 2.0 spec and all of that, I was sort of sitting there advising the folks who were, you know, in the middle of that, doing all the work. >> And that became such a standard as we know, tokens, dealing with tokens and SAS. Really drove a lot of the SAS mobile generation that did cloud, which becomes kind of that next generation so you had, you know Web 1.0, Web 2.0, then you had the cloud era, cloud 2.0, now they're goin' DevOps and apps. I want to get your thought, and you throw crypto in there just for fun, of dealing with blockchain and then token economics and new kinds of paradigms are coming online >> It's amazing how far we've come in those years, right? I mean I look at the database that was built inside of Yahoo and this predated me, you know, this was back to circa 1996, I think, but you know, big massively scalable databases that were needed just because the traditional relational database just wouldn't work at that scale, and Yahoo was one of the first to sort of discover that. And now you look at the database technologies that are out there today that take some of those core concepts and just extend them so much further and they're so much easier to access, to use, to run, operate, all of those things than back in the days of Yahoozle, UDB, and it's amazing just to see how far we've come. >> Phil, I want to get your thoughts, because you know, talking about Yahoo and just your experiences and even today, at that time it was like changing the airplane's engine at 35,000 feet, it's really difficult. A lot of corporate enterprises right nhow are having that same kind of feeling with digital, and digital transformation, I'd say it's a cliche, but it is true this impact, the role of data that's playing and the just for value creation but also cybersecurity could put a company out of business, so there's all kinds of looming things that are opportunities and challenges, that are sizable, huge tasks that was once regulated to the full stack developers and the full web scalers, now the lonely CIO with the anemic enterprise staff has to turn around on a dime. Staff up, build a stack, build commodity, scale out, this is pretty massive, and not a lot of people are talking about this. What's your view on this? Because this is super important. >> Yeah it is, and you know, so I had kind of a shock, moving from working my whole career here on Silicon Valley and then going to American Express, which you know, is very similar in a lot of ways to Express Scripts, and the sort of corporate mindset around, "What is technology?" There is this notion that everything is IT and here in the valley, IT is you know, internal networks and laptops and those sorts of things, the stuff that's required to make your enterprise run internally. Their IT is all of your infrastructure, right? And IT is a service organization, it's not the competitive advantage in your industry, right? And so both of the places that I've gone have had really forward-thinking leaders that have wanted to change the way that their enterprise operates around technology, and move away from IT but, to technology, to thinking about engineering as a core competency. And that's a huge change, not only for the CIO >> You're saying they did have that vision >> They had the vision, but they didn't know how to get there, so my charter coming in and you know, others who were on the teams around me, our charter was to come in and help build a real engineering organization as opposed to an IT org that's very vendor-oriented, you know, that's dependent on third parties to tell you the right thing or the wrong thing, you know that hires consultants to come in and help set up architecture standards, because we couldn't do that on our own, we're not the experts on this side. You know, that's sort of the mindset in many old school companies, right? That needs, that I think needs to change. This notion that software is eating the world is still not something that people have gotten their heads around in many companies, right? >> And data's washing out old business models, so if software's eating the world, data's the tsunami that's coming in and going to take out the beach and the people there. >> Right. And so it's like, all of these things, it's one thing for, you know, a forward-thinking CEO like Tim Wentworth at Express Scripts, who was responsible for bringing me and the group in, you know, those kinds of folks, it's one thing to know that you have to make that transition it's another thing to have a sense of what that means for an engineering team, and all the more for the rest of the organization to be able to get behind it. I mean, people you know, I don't know any number of business partners who've been used to, just sort of taking a spec, throwing it over the wall, and saying, "Come back to me in two years when you're done." That's not how effective organizations work around technology. >> Let's drill into that, because one of the things that's cultural, I mean I do some of the interviews of theCUBE, I talk to leaders all the time like yourself, the theme keeps coming back, it's culture, it's process, technology, all those things you talk about, but culture is the number one issue people point to, saying, "That's the reason why "something did or didn't happen." >> Correct. >> So, you talk about throwing it over the fence, that's waterfall, so you think about the old waterfall methodology, agile, well documented, but the mindset of product thinking is a really novel concept to corporate America Not to Silicon Valley, and entrepreneurs, they got to launch a product, not roll out SAP over two years, right, or something they used to be doing. So that's a cultural mindset shift. >> It's difficult for folks, even if they want to get on board to come along some of the time. One of the real big successes we had early on at Express Scripts was, you know, transitioning our teams to Agile wasn't difficult, what was difficult was getting business partners to sort of come along and be actively engaged in that product development mindset and lifecycle and all those sorts of things. And you know, we had one partner in particular, we were migrating from a really old, really clunky customer care application that you know had taken years and years to build, took on average, a new agent took six weeks to get trained on it because it was so complex and it's Oracle Forms and you know, every field in the database was a field on this thing, and there were green screens to do the stuff that you couldn't do in Oracle Forms, so and we wanted to rebuild the application. We tried to get them to come along and say, "Okay, we're going to do it in really small chunks," but business partners were like, "No, we can't afford "to have our agents swiveling between two applications." And so finally after we got our first sort of full-feature complete, we begged to go into a call center, you know with our business partners, and sit down with a few agents and just have them use it and see if it looked like it worked, if it did the right thing, and it was amazing seeing the business partner go, over the course of an hour, from "I can't be engaged in this, "I don't want an agent swiveling, "I don't want to be, you know, delivering partial applications "I want the whole thing." to, "Oh my god, it works way better, "the design is much nicer, the agents seem to like it," you know, "Here are the next things we should work on, "These are the things we got wrong." They immediately pivoted, and it wasn't, it was because they're the experts, they know how to run their business, they know what's important in their call centers, they know what their agents need, and they had just never seen the movie before, they just had no concept you could work that way. >> So this is actually interesting, 'cause what you're saying is, a new thing, foreign to the business partners, the tech team's on board, being Agile, building product, they have to, they can't just hear the feature benefits, they got to feel it. >> Yeah, they have to see it >> This seems to be the experience of success before they can move. Is that a success you think culturally, something that people have to be mindful of? >> It's absolutely something you have to be mindful of. And that was just the first step down the path. I mean, that team made a number of mistakes that folks here I think in the valley wouldn't normally make, you know. Over-committing and getting themselves into deep water by trying to get too much done and actually getting less accomplished in the process because of it and you know, the engagement around using data to actually figure out what's the next feature that we build. When you've got this enormous application to migrate, you should probably have some insight as to you know, feature by feature, what are you going to work on next? And that was a real challenge, 'cause there's a culture of expertise-driven, you know being subject-matter driven, expertise driven as opposed to being data driven about how do you >> Let's talk about data-driven. We had an interview earlier this morning with another luminary here at the Mayfield 50th conference celebration that they're having, and he said, "Data is the new feedback mechanism." and his point was, is that if you treat the Agile as an R&D exercise from a data standpoint. Not from a product but get it out there, get the data circulating in, it's critical in formulation of the next >> It is, yeah, it's absolutely critical. That was the eye opener for me going to Zynga. Zynga had an incredible, probably still does have, an incredible product culture that every single thing gets rolled out behind an experiment. And so you know, that's great from an operational perspective, because it allows you to, you know, move quickly and roll things out in small increments and when it doesn't work, you can just shut it off but it's not some huge catastrophe. But it's also critical because it allows you to see what's working and what's not and the flip side of that is, some humility of the people developing the products that their ideas are not going to work sometimes just because you know this domain well doesn't mean that you're necessarily going to be the expert on exactly how everything is going to play out. And so you have to have this ability to go out, try stuff, let it fail, use that, hopefully you fail quickly, you learn what's not working and use that to inform what's the next step down the path that you take, right? And Agile plays into it, but that's for me, that's the big transition that corporations really have to struggle with, and it's hard. >> You know you're, been there done that, seen multiple waves of innovation, want to bring up something to kind of get you going here. You see this classically in the old school 90s, 80s day. Product management, product people and sales people. They're always buttin' heads, you know? Product marketing, marketing people want this sales and marketing want this, product people buttin' heads, but now with Agile, the engineering focus has been the front lines. People are building engineering teams in house. They're building custom stacks for whatever reasons, the apps are getting smarter. The engineers are getting closer to the edge, the customer if you will. How do you help companies, or how do you advise companies to think about the relationship between a product-centric culture and a sales-centric culture? Because sometimes you have companies that are all about the customer-centric, customer-centric customer-centric, product-centric and sometimes if you try to put 'em together there's always going to be an alpha-beta kind of thing there and that's the balance in this. What's your take on this? Seems to be a cutting edge topic >> Yeah, well, so you know, one of the last big initiatives that I worked on at Express Scripts. Express Scripts has the, to my knowledge, the largest automated home delivery pharmacy in the world. It's amazing if you walk into one of our pharmacies where automation is packaging and filling prescriptions and packaging and shipping and doing all of that stuff. And we've built so much efficiency into the process that we've started getting slack in the system. Every year, you're trying to figure out how to make something work better and you know, have better automation around it. And so, you know, what do you do with all of that slack? The sales team can't sign up enough new customers for Express Scripts to actually fill that capacity. And so they create a division of commoditizing this, basically white labeling your pharmacy. We called it Pharmacy as a Platform, exposing APIs to third parties who might want to come along and hey, Phil's pharmacy can now fill branded prescriptions to get sent to you in your home, right? And so that's a fantastic vision, but there's a real struggle between engineering who had all these legacy stacks that we needed to figure out how to move to be able to really live up to this, you know the core of Express Scripts was our members and not somebody else's members. And so there's a lot of rewiring at the core that needs to be done. An operations team, a product team that's, you know, running these home delivery pharmacies, and a sales team that wants to go off and sell all over the place, right? And so, you know, early on, we started off and the sales team tried to sell, like six different deals that all required different parts of the vision, but you know, they weren't really, there was no real roadmap to figure out how do you get from where we're at to the end, and we could've done any of those things, but trying to do them all at once was going to be a trainwreck. And so, you know, we stubbed our toes a couple of times along the way, but I think it just came down to having a conversation and trying to be as transparent as possible on all sides, in all sides. To you know, try to get to a place where we could be effective in delivering on the vision. The vision was right. Everybody was doing all of the right things. But if you haven't actually, with so much of this stuff, if you haven't seen the movie, if you haven't worked this way before, there's nothing I can tell you that's going to make it work magically for you tomorrow. You have to just get this together and work in small increments to figure out how to get there. >> You got to go through spring training, you got to do the reps. >> Yep, absolutely. >> All right, so on your career, as you look at what you've done in your career, and what people outside are looking at right now, you got startups trying to compete and get a market position. You have other existing suppliers who could be the old guard, retooling and replatforming, refactoring, whatever the buzz word you want to use. And then the ultimate customer who wants to consume and have the ability of having custom personalization, data analytics, unlimited elastic capability with resources for their solution. How, what advice would you give to the startup, to the supplier, and to the customer to survive this next transition of cloud 2.0, you know and data tsunami, and all the opportunities that are coming? Because if they don't, they'll be challenged a startup goes out of business, a supplier gets displaced. >> Right, I mean, well, so the startup, I don't know if I have good advice for the startup. Startups in general have to find a market that actually works for them. And so, you know, I don't know that I've got some secret key that allows startups to be effective other than don't run out of money, try to figure out how to build effectively to get you to the point where you're, you know, where you're going to win. One of my earliest, one of the earliest jobs I had in my career, I came into a startup, and I tried, one of the founders had written the initial version of the code base. I, as a headstrong engineer, was convinced that he had done horrible work, and so I sort of holed up for like, six to eight weeks doing a hundred hours a week trying to rewrite the entire code base while getting nothing done for the startup. You know, in the end, that was the one job I've ever been fired from, and I should've been fired, because, you know, honestly as a startup, you shouldn't worry about perfection from an engineering perspective. You should figure out how to try to find your marketplace. Everybody has tech debt, you can fix that as time goes on, the startup needs to figure out how to be viable more than anything else. As far as suppliers go, you know, I don't know it's interesting the, you know, I sort of look at corporate America and there are many many companies that really rely heavily on their vendors to tell them how to do things. They don't trust in their own internal engineering ability. And then there are the ones, like the teams I have built at AmEx and Express Scripts that really do want to learn it all and be independent. I would say, identify when you walk into somebody's shop which they are and sell to them appropriately. You know, I've been a Splunk customer for a long time, I love Splunk. But the Splunk sales team early on at Express Scripts tried to come in and sell me on a whole bunch of stuff that Splunk was just not good at, right? >> And you knew that. >> And I knew that, because I've been a hands-on customer every since Zynga, right? I know what it's good at, and I love it as a tool, but you know, it's not the Swiss Army knife. It can't do everything. >> Well now you got Signal FX, so now you can get the observability you need. >> Exactly, right? So yeah, I, you know, I would say, you know, for those kinds of companies, it's important to go in and understand what your customer is, you know, what your customer is asking for and respond to them appropriately. And in some cases, they're going to need your expertise, either because they're building towards it or they haven't gotten there yet, and some cases, one of the things that I have done with teams of mine in the past, was it with AppDynamics at Express Scripts, excuse me at AmEx, five or six years ago, they were sold on, you know, bringing in AppDynamics as a monitoring tool, I actually made them not bring it in, because they didn't know what they didn't know. I made them go build some basic monitoring, you know, using some open source tools, just to get some background, and then, you know, once they did, we ended up bringing AppDynamics in, but doing it in a way that they were accretive to what we were trying to accomplish and not just this thing that was going to solve all of our problems. >> And so that brings up the whole off-the-shelf general purpose software model that you were referring to. The old model was lean on your vendors. They're supplying you, and because you don't have the staff to do it yourself. That's changing, do you think that's changing? >> It is, it's changing, but again, I think there's a lot of places where people nominally want to go there, but don't know how to get there, and so, you know, people are stubbing their toes left and right. If you're doing it with this mindset of, we're constantly getting better and we're learning and it's okay to make mistakes as long as we move forward, >> It's okay to stub your toe as long as you don't cut an artery open. >> Yeah, that's true, yeah exactly >> You don't want to bleed out, that's a cybersecurity hack >> That's true, that's true. But for me a lot of the time that just comes down to how long are you waiting before you stub your toe? If you're, you know, if you wait two years before you actually try to launch something, the odds of you cutting your leg off are much higher than >> Well I want to get into the failure thing, so I think stubbing your toe brings up this notion of risk management, learning what to try, what not to do, take experiments to try to your, which is a great example. Before you get there, you mentioned suppliers. One of the things we hear and I want to get your thoughts on, is that, a lot of CIOs and C-sos, and CBOs, or whatever title is the acronym, they're trying to reduce the number of suppliers. They don't want more tools, right? They don't necessarily want another tool for the tool's sake or they might want to replatform, what does that even mean? So, we're hearing in our interviews and our discussions with partitioners, "Hey, I want to get my suppliers down, "and by the way, I want to be API driven, "so I want to start getting to a mode "where I'm dictating the relationship to suppliers." How do you respond to that? Do you see that as aspirational, real dynamic, or fiction? >> It's a good goal to give motivation, I believe it. For me, I approach the problem a little differently. I'm a big believer, well, so, because I've seen this pattern of this next tool is going to be the one that consolidates three things and it's going to be the right answer and instead of eliminating three and getting down to one, you have four, because you're, you need to unwire this new thing, there's a lot of time and effort required to get rid of, you know, your old technology stack, and move to the new one, right? I've seen that especially coming from the C-Sec for Express Scripts is an amazing guy, and you know, was definitely trying to head down that path but we stubbed our toes, we ran into problems in trying to figure out, you know, how do you move from one set of networking gear to the next set? How do you deal with, you know, all of the virus protection and all the other, there's a huge variety of tools. >> So it's not just technical debt, it's disruption >> It's disruption to the existing stack, and you've got to move from old to new, so my philosophy has always been, with technical debt, when you're in debt, and I think technical debt really does operate in a lot of ways like real debt, right? Probably good to have some of it. If you're completely debt-free, that's I've never been in that place before. >> You're comfortable. You might not be moving, >> Exactly, right? But with that technical debt, you know, there's two ways to pay down your debt. You can scrimp and save and put more money into debt principal payments as opposed to spending on other new things, or, well and/or, build productive capacity. So a huge focus for me for the engineering teams that we've built, and this is not anything new to the folks in this area, but, you know, always think about an arms race, where you're getting 1% better every day. The aggregation of marginal gains and investing in internal improvements so that your team is doubling productivity every year, which is something that's really possible for, you know, some of these engineering organizations, is the way that you deal with that, right? If you get to the point where your team is really, really productive, they can go through and eliminate all the old legacy technology. >> That's actually great advice, and it's interesting, because a lot of people just get hung up on one thing. Operating something, and then growing something, and you can have different management styles and different techniques for both, the growth team, the operating team. You're kind of bringing in and saying, we can do both. Operate with growth in mind, to 1% better approach. >> Right, you know, and for me, it's been an interesting journey, you know. I started off as the engineer and then the architect, who was always focused on just the technology, the design of the system in production. Sort of learned from there that you had to be good at the you know, all the systems that get code from a developer's desktop into production, that's a whole interrelated system that's not isolated from your production system. And then from there, it has to be the engineering team that you build has to be effective as well. And so, I've moved from being very technology-centric to somebody who says, "Okay, I have to start "with getting the team right "and getting the culture right if we're ever going to "be able to get the technology to a good place." Mind you, I still love the technology. I'm still an architect at my core, but I've come to this realization that good technology and bad teams will get crushed by bad technologies and good teams. Because now I've seen that a couple of places, where you have old but evolving technology stacks that have gone from low availability and poor performance and low ability to get new features into production to a place where you're fixing all of that at a high rate. It starts with the team. >> You're bringing us some core Silicon Valley ethos to the IT conversation, because what you're talking about is "I'll fund an A team with a B plan any day "over a B team with an A plan." >> Right. >> And where this makes sense, I think is true, is that to your point about debt, A teams know how to manage it. >> Yeah. >> So this is kind of what you're getting at here. >> Right. >> You can take that same ethos, so it's the Agile enterprise. >> Yeah, it is >> That's what we're talking about. Okay, so hypothetical final point I want to chat with you about. Let's just say you and I were startin' a company. We're chief architects, you're the chief architect, I'm a coder, what are we doing? Do I code from horizontally scalable cloud, certainly cloud native, how would you think about building, we have an app in mind, all of our requirements defined, it's going to be data-centric, it's going to be game change and have community, it might have some crypto in there, who knows, but it's going to be fun. How do we scale this out to be really fast? How would you architect this? >> Yeah, well, you know, I do start in the cloud. I go to AWS or Azure or any of the offerings that are out there, and you know, leverage everything that they have that's already wired up already for you. I mean the thing that we've seen in the evolution of software and production systems over the last, well, forever, is you get more and more leverage every day, every year, right? And so, if you and I are startin' a new company, let's go use the tools that are there to do the things that we shouldn't be wasting our time on. Let's focus on the value for our company as much as we can. Don't over-architect. I think premature optimization is a thing that you know, I learned early on is a real problem. You should, you know >> Give an example, what that would look like. >> I've seen >> Database scale decisions done with no scale >> Correct, yeah, you know? You go off >> Let's pick this! It's the most scalable database, well we have no users yet. >> Right, you know you build the super complicated caching architecture or you know, you go design the most critical part of the system out of the gate, you know, using Assembly. You use C++ or, you use a low level language when a high level language with your three users would be just fine, right? You can get the work done in a fraction of the time. >> And get the business logic down, the IP, >> Solve the problem when it becomes a problem. Like, it's, you know, I've, any number of times, I've run into systems, I've built systems where you have some issue that you run into, and you have to go back and redesign some chunk of the system. In my experience, I'm really bad at predicting, and I think engineers are really bad at predicting what are going to be the problem areas until you run into them, so just go as simple as you can out of the gate, you know. Use as many tools as you can to solve problems that, you know, maybe as an engineer, I want to go rebuild every thing from scratch every time. I get the inclination. But it's >> It's a knee-jerk reaction to do that but you stay your course. Don't over-provision, overthink it, thus start taking steps toward the destination, the vision you want to go to, and get better, operate >> Solve the problem you have when it shows up. >> So growth mindset, execute, solve the problems when they're there. >> Right, and initially the problem that you have is finding a market, you know, not building the greatest platform in the world, right? >> Find a market, exactly. >> Right? >> Phil, thanks for taking the time >> Thank you very much, appreciate it. >> Appreciate the insights. Hey, we're here for the People First, Mayfield's 50th celebration, 50 years in business. It's a CUBE co-production, I'm John Furrier, thanks for watching >> Thanks John. (outro music)

Published Date : Sep 11 2019

SUMMARY :

in the heart of Silicon Valley, for the People First co-created production What are some of the other journeys that you've had? to come play our game, and you know, was there for And you know, finally, I went to Express Scripts, what a Herculean task that must've been. advising the folks who were, you know, that next generation so you had, you know Web 1.0, and this predated me, you know, this was back to circa 1996, because you know, talking about Yahoo and here in the valley, IT is you know, to tell you the right thing or the wrong thing, you know and going to take out the beach and the people there. it's one thing to know that you have to make that transition it's process, technology, all those things you talk about, that's waterfall, so you think about and it's Oracle Forms and you know, a new thing, foreign to the business partners, Is that a success you think culturally, as to you know, feature by feature, and his point was, is that if you treat the Agile down the path that you take, right? the customer if you will. different parts of the vision, but you know, you got to do the reps. to survive this next transition of cloud 2.0, you know to get you to the point where you're, you know, but you know, it's not the Swiss Army knife. so now you can get the observability you need. just to get some background, and then, you know, general purpose software model that you were referring to. and it's okay to make mistakes as long as we move forward, as long as you don't cut an artery open. the odds of you cutting your leg off are much higher than "where I'm dictating the relationship to suppliers." to get rid of, you know, your old technology stack, It's disruption to the existing stack, You might not be moving, to the folks in this area, but, you know, and you can have different management styles be good at the you know, all the systems that to the IT conversation, because what you're talking about is is that to your point about debt, so it's the Agile enterprise. I want to chat with you about. and you know, leverage everything that they have It's the most scalable database, or you know, you go design the most critical and you have to go back destination, the vision you want to go to, solve the problems when they're there. Appreciate the insights.

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Yuvi Kochar, GameStop | Mayfield People First Network


 

>> Announcer: From Sand Hill Road in the heart of Silicon Valley, it's theCUBE, presenting the People First Network, insights from entrepreneurs and tech leaders. (bright electronic music) >> Everyone, welcome to this special CUBE conversation. We're here at Sand Hill Road at Mayfield Fund. This is theCUBE, co-creation of the People First Network content series. I'm John Furrier, host of theCUBE. Our next guest, Yuvi Kochar, who's the Data-centric Digital Transformation Strategist at GameStop. Variety of stints in the industry, going in cutting-edge problems around data, Washington Post, comScore, among others. You've got your own practice. From Washington, DC, thanks for joining us. >> Thank you, thanks for hosting me. >> This is a awesome conversation. We were just talking before we came on camera about data and the roles you've had over your career have been very interesting, and this seems to be the theme for some of the innovators that I've been interviewing and were on the People First is they see an advantage with technology, and they help companies, they grow companies, and they assist. You did a lot of different things, most notably that I recognized was the Washington Post, which is on the mainstream conversations now as a rebooted media company with a storied, historic experience from the Graham family. Jeff Bezos purchased them for a song, with my opinion, and now growing still, with the monetization, with subscriber base growing. I think they're number one in subscribers, I don't believe, I believe so. Interesting time for media and data. You've been there for what, how many years were you at the Washington Post? >> I spent about 13 years in the corporate office. So the Washington Post company was a conglomerate. They'd owned a lot of businesses. Not very well known to have owned Kaplan, education company. We owned Slate, we owned Newsweek, we owned TV stations and now they're into buying all kinds of stuff. So I was involved with a lot of varied businesses, but obviously, we were in the same building with the Washington Post, and I had front row seat to see the digital transformation of the media industry. >> John: Yeah, we-- >> And how we responded. >> Yeah, I want to dig into that because I think that illustrates kind of a lot what's happening now, we're seeing with cloud computing. Obviously, Cloud 1.0 and the rise of Amazon public cloud. Clearly, check, done that, a lot of companies, startups go there. Why would you provision a data center? You're a startup, you're crazy, but at some point, you can have a data center. Now, hybrid cloud's important. Devops, the application development market, building your own stack, is shifting now. It seems like the old days, but upside down. It's flipped around, where applications are in charge, data's critical for the application, infrastructure's now elastic. Unlike the old days of here's your infrastructure. You're limited to what you can run on it based on the infrastructure. >> Right. >> What's your thoughts on that? >> My thoughts are that, I'm a very, as my title suggests, data-centric person. So I think about everything data first. We were in a time when cloud-first is becoming old, and we are now moving into data-first because what's happening in the marketplace is the ability, the capability, of data analytics has reached a point where prediction, in any aspect of a business, has become really inexpensive. So empowering employees with prediction machines, whether you call them bots, or you call them analytics, or you call them machine learning, or AI, has become really inexpensive, and so I'm thinking more of applications, which are built data-out instead of data-in, which is you build process and you capture data, and then you decide, oh, maybe I should build some reporting. That's what we used to do. Now, you need to start with what's the data I have got? What's the data I need? What's the data I can get? We were just talking about, everybody needs a data monetization strategy. People don't realize how much asset is sitting in their data and where to monetize it and how to use it. >> It's interesting. I mean, I got my computer science degree in the 80s and one of the tracks I got a degree in was database, and let's just say that my main one was operating system. Database was kind of the throwaway at that time. It wasn't considered a big field. Database wasn't sexy at all. It was like, database, like. Now, if you're a database, you're a data guru, you're a rock star. The world has changed, but also databases are changing. It used to be one centralized database rules the world. Oracle made a lot of money with that, bought all their competitors. Now you have open source came into the realm, so the world of data is also limited by where the data's stored, how the data is retrieved, how the data moves around the network. This is a new dynamic. How do you look at that because, again, lagging in business has a lot to do with the data, whether it's in an application, that's one thing, but also having data available, not necessarily in real time, but if I'm going to work on something, I want the data set handy, which means I can download it or maybe get real-time. What's your thoughts on data as an element in all that moving around? >> So I think what you're talking about is still data analytics. How do I get insights about my business? How do I make decisions using data in a better way? What flexibility do I need? So you talk about open source, you think about MongoDB and those kind of databases. They give you a lot of flexibility. You can develop interesting insights very quickly, but I think that is still very much thinking about data in an old-school kind of way. I think what's happening now is we're teaching algorithms with data. So data is actually the software, right? So you get an open source algorithm. I mean Google and everybody else is happy to open source their algorithms. They're all available for free. But what, the asset is now the data, which means how you train your algorithm with your data, and then now, moving towards deploying it on the edge, which is you take an algorithm, you train it, then you deploy it on the edge in an IoT kind of environment, and now you're doing decision-making, whether it's self-driving cars, I mean those are great examples, but I think it's going down into very interesting spaces in enterprise, which is, so we have to all think about software differently because, actually, data is a software. >> That's an interesting take on it, and I love that. I mean I wrote a blog post in 2007 when we first started playing with the, in looking at the network effects on social media and those platforms was, I wrote a post, it was called Data is the New Development Kit. Development kit was what people did back then. They had a development kit and they would download stuff and then code, but the idea was is that data has to be part of the runtime and the compilation of, as software acts, data needs to be resident, not just here's a database, access it, pull it out, use it, present it, where data is much more of a key ingredient into the development. Is that kind of what you're getting at? >> Yes. >> Notion of-- >> And I think we're moving from the age of arithmetic-based machines, which is we put arithmetic onto chips, and we then made general-purpose chips, which were used to solve a huge amount of problems in the world. We're talking about, now, prediction machines on a chip, so you think about algorithms that are trained using data, which are going to be available on chips. And now you can do very interesting algorithmic work right on the edge devices, and so I think a lot of businesses, and I've seen that recently at GameStop, I think business leaders have a hard time understanding the change because we have moved from process-centric, process automation, how can I do it better? How can I be more productive? How can I make better decisions? We have trained our business partners on that kind of thinking, and now we are starting to say, no, no, no, we've got something that's going to help you make those decisions. >> It's interesting, you mentioned GameStop. Obviously, well-known, my sons are all gamers. I used to be a gamer back before I had kids, but then, can't keep up anymore. Got to be on that for so long, but GameStop was a retail giant in gaming. Okay, when they had physical displays, but now, with online, they're under pressure, and I had interviewed, again, at an Amazon event, this Best Buy CIO, and he says, "We don't compete with price anymore. "If they want to buy from Amazon, no problem, "but our store traffic is off the charts. "We personalize 50,000 emails a day." So personalization became their strategy, it was a data strategy. This is a user experience, not a purchase decision. Is this how you guys are thinking about it at GameStop? >> I think retail, if you look at the segment per se, personalization, Amazon obviously led the way, but it's obvious that personalization is key to attract the customer. If I don't know what games you play, or if I don't know what video you watched a little while ago, about which game, then I'm not offering you the product that you are most prone or are looking for or what you want to buy, and I think that's why personalization is key. I think that's-- >> John: And data drives that, and data drives that. >> Data drives that, and for personalization, if you look at retail, there's customer information. You need to know the customer. You need to know, understand the customer preferences, but then there's the product, and you need to marry the two. And that's where personalization comes into play. >> So I'll get your thoughts. You have, obviously, a great perspective on how tech has been built and now working on some real cutting-edge, clear view on what the future looks like. Totally agree with you, by the way, on the data. There's kind of an old guard/new guard, kind of two sides of the street, the winners and the losers, but hey, look, I think the old guard, if they don't innovate and become fresh and new and adopt the modern things that need to attract the new expectations and new experiences from their customers, are going to die. That being said, what is the success formula, because some people might say, hey, I'm data-driven. I'm doing it, look at me, I'm data. Well, not really. Well, how do you tell if someone's really data-driven or data-centric? What's the difference? Is there a tell sign? >> I think when you say the old guard, you're talking about companies that have large assets, that have been very successful in a business model that maybe they even innovated, like GameStop came up with pre-owned games, and for the longest of times, we've made huge amount of revenue and profit from that segment of our business. So yes, that's becoming old now, but I think the most important thing for large enterprises at least, to battle the incumbent, the new upstarts, is to develop strategies which are leveraging the new technologies, but are building on their existing capability, and that's what I drive at GameStop. >> And also the startups too, that they were here in a venture capital firm, we're at Mayfield Fund, doing this program, startups want to come and take a big market down, or come in on a narrow entry and get a position and then eat away at an incumbent. They could do it fast if they're data-centric. >> And I think it's speed is what you're talking about. I think the biggest challenge large companies have is an ability to to play the field at the speed of the new upstarts and the firms that Mayfield and others are investing in. That's the big challenge because you see this, you see an opportunity, but you're, and I saw that at the Washington Post. Everybody went to meetings and said, yes, we need to be digital, but they went-- >> They were talking. >> They went back to their desk and they had to print a paper, and so yes, so we'll be digital tomorrow, and that's very hard because, finally, the paper had to come out. >> Let's take us through the journey. You were the CTO, VP of Technology, Graham Holdings, Washington Post, they sold it to Jeff Bezos, well-documented, historic moment, but what a storied company, Washington Post, local paper, was the movie about it, all the historic things they've done from a reporting and journalism standpoint. We admire that. Then they hit, the media business starts changing, gets bloated, not making any money, online classifieds are dying, search engine marketing is growing, they have to adjust. You were there. What was the big, take us through that journey. >> I think the transformation was occurring really fast. The new opportunities were coming up fast. We were one of the first companies to set up a website, but we were not allowed to use the brand on the website because there was a lot of concern in the newsroom that we are going to use or put the brand on this misunderstood, nearly misunderstood opportunity. So I think it started there, and then-- >> John: This is classic old guard mentality. >> Yes, and it continued down because people had seen downturns. It's not like media companies hadn't been through downturns. They had, because the market crashes and we have a recession and there's a downturn, but it always came back because-- >> But this was a wave. I mean the thing is, downturns are economic and there's business that happens there, advertisers, consumption changes. This was a shift in their user base based upon a technology wave, and they didn't see it coming. >> And they hadn't ever experienced it. So they were experiencing it as it was happening, and I think it's very hard to respond to a transformation of that kind in a very old-- >> As a leader, how did you handle that? Give us an example of what you did, how you make your mark, how do you get them to move? What were some of the things that were notable moments? >> I think the main thing that happened there was that we spun out washingtonpost.com. So it became an independent business. It was actually running across the river. It moved out of the corporate offices. It went to a separate place. >> The renegades. >> And they were given-- >> John: Like Steve Jobs and the Macintosh team, they go into separate building. >> And we were given, I was the CTO of the dotcom for some time while we were turning over our CTO there, and we were given a lot of flexibility. We were not held accountable to the same level. We used the, obviously, we used-- >> John: You were running fast and loose. >> And we were, yes, we had a lot of flexibility and we were doing things differently. We were giving away the content in some way. On the online side, there was no pay wall. We started with a pay wall, but advertising kind of was so much more lucrative in the beginning, that the pay wall was shut down, and so I think we experimented a lot, and I think where we missed, and a lot of large companies miss, is that you need to leave your existing business behind and scale your new business, and I think that's very hard to do, which is, okay, we're going to, it's happening at GameStop. We're no longer completely have a control of the market where we are the primary source of where, you talk about your kids, where they go to get their games. They can get the games online and I think-- >> It's interesting, people are afraid to let go because they're so used to operating their business, and now it has to pivot to a new operating model and grow. Two different dynamics, growth, operation, operating and growing. Not all managers have that growth mindset. >> And I think there's also an experience thing. So most people who are in these businesses, who've been running these businesses very successfully, have not been watching what's happening in technology. And so the technology team comes out and says, look, let me show you what we can do. I think there has to be this open and very, very candid discussion around how we are going to transform-- >> How would you talk about your peer, developed peers out there, your peers and other CIOs, and even CISOs on the security side, have been dealing with the same suppliers over, and in fact, on the security side, the supplier base is getting larger. There's more tools coming out. I mean who wants another tool? So platform, tool, these are big decisions being made around companies, that if you want to be data-centric, you want to be a data-centric model, you got to understand platforms, not just buying tools. If you buy a hammer, they will look like a nail, and you have so many hammers, what version, so platform discussions come in. What's your thoughts on this? Because this is a cutting-edge topic we've been talking about with a lot of senior engineering leaders around Platform 2.0 coming, not like a classic platform to... >> Right, I think that each organization has to leverage or build their, our stack on top of commodity platforms. You talked about AWS or Azure or whatever cloud you use, and you take all their platform capability and services that they offer, but then on top of that, you structure your own platform with your vertical capabilities, which become your differentiators, which is what you take to market. You enable those for all your product lines, so that now you are building capability, which is a layer on top of, and the commodity platforms will continue to bite into your platform because they will start offering capabilities that earlier, I remember, I started at this company called BrassRing, recruitment automation. One of the first software-as-a-service companies, and I, we bought a little company, and the CTO there had built a web server. It was called, it was his name, it was called Barrett's Engine. (chuckles) And so-- >> Probably Apache with something built around it. >> So, in those days, we used to build our own web servers. But now today, you can't even find an engineer who will build a web server. >> I mean the web stack and these notions of just simple Web 1.0 building blocks of change. We've been calling it Cloud 2.0, and I want to get your thoughts on this because one of the things I've been riffing on lately is this, I remember Marc Andreessen wrote the famous article in Wall Street Journal, Software is Eating the World, which I agree with in general, no debate there, but also the 10x Engineer, you go into any forum online, talking about 10x Engineers, you get five different opinions, meaning, a 10x Engineer's an engineer who can do 10 times more work than an old school, old classical engineer. I bring this up because the notion of full stack developer used to be a real premium, but what you're talking about here with cloud is a horizontally scalable commodity layer with differentiation at the application level. That's not full stack, that's half stack. So you think the world's kind of changing. If you're going to be data-centric, the control plane is data. The software that's domain-specific is on top. That's what you're essentially letting out. >> That's what I'm talking about, but I think that also, what I'm beginning to find, and we've been working on a couple of projects, is you put the data scientists in the same room with engineers who write code, write software, and it's fascinating to see them communicate and collaborate. They do not talk the same language at all. >> John: What's it like? Give us a mental picture. >> So a data scientist-- >> Are they throwing rocks at each other? >> Well, nearly, because the data scientists come from the math side of the house. They're very math-oriented, they're very algorithm-oriented. Mathematical algorithms, whereas software engineers are much more logic-oriented, and they're thinking about scalability and a whole lot of other things, and if you think about, a data scientist develops an algorithm, it rarely scales. You have to actually then hand it to an engineer to rewrite it in a scalable form. >> I want to ask you a question on that. This is why I got you and you're an awesome guest. Thanks for your insights here, and we'll take a detour into machine learning. Machine learning really is what AI is about. AI is really nothing more than just, I love AI, it gets people excited about computer science, which is great. I mean my kids talk about AI, they don't talk about IoT, which is good that AI does that, but it's really machine learning. So there's two schools of thought on machine. I call it the Berkeley school on one end, not Berkeley per se but Berkeley talks about math, machine learning, math, math, math, and then you have other schools of thought that are on cognition, that machine learning should be more cognitive, less math-driven, spectrum of full math, full cognition, and everything in between. What's your thoughts on the relationship between math and cognition? >> Yeah, so it's interesting. You get gray hair and you kind of move up the stack, and I'm much more business-focused. These are tools. You can get passionate about either school of thought, but I think that what that does is you lose sight of what the business needs, and I think it's most important to start with what are we here trying to do, and what is the best tool? What is the approach that we should utilize to meet that need? Like the other day, we were looking at product data from GameStop, and we know that the quality of data should be better, but we found a simple algorithm that we could utilize to create product affinity. Now whether it's cognition or math, it doesn't matter. >> John: The outcome's the outcome. >> The outcome is the outcome, and so-- >> They're not mutually exclusive, and that's a good conversation debate but it really gets to your point of does it really matter as long as it's accurate and the data drives that, and this is where I think data is interesting. If you look at folks who are thinking about data, back to the cloud as an example, it's only good as what you can get access to, and cybersecurity, the transparency issue around sharing data becomes a big thing. Having access to the data's super important. How do you view that for, as CIOs, and start to think about they're re-architecting their organizations for these digital transformations. Is there a school of thought there? >> Yes, so I think data is now getting consolidated. For the longest time, we were building data warehouses, departmental data warehouses. You can go do your own analytics and just take your data and add whatever else you want to do, and so the part of data that's interesting to you becomes much more clean, much more reliable, but the rest, you don't care much about. I think given the new technologies that are available and the opportunity of the data, data is coming back together, and it's being put into a single place. >> (mumbles) Well, that's certainly a honeypot for a hacker, but we'll get that in a second. If you and I were doing a startup, we say, hey, let's, we've got a great idea, we're going to build something. How would we want to think about the data in terms of having data be a competitive advantage, being native into the architecture of the system. I'll say we use cloud unless we need some scale on premise for privacy reasons or whatever, but we would, how would we go to market, and we have an app, as apps defined, great use case, but I want to have extensibility around the data, I don't want to foreclose any future options, How should I think about my, how should we think about our data strategy? >> Yes, so there was a very interesting conversation I had just a month ago with a friend of mine who's working at a startup in New York, and they're going to build a solution, take it to market, and he said, "I want to try it only in a small market "and learn from it," and he's going very old school, focus groups, analytics, analysis, and I sat down, we sat at Grand Central Station, and we talked about how, today, he should be thinking about capturing the data and letting the data tell him what's working and what's not working, instead of trying to find focus groups and find very small data points to make big decisions. He should actually utilize the target, the POC market, to capture data and get ready for scale because if you want to go national after having run a test in... >> Des Moines, Iowa. >> Part of New York or wherever, then you need to already have built the data capability to scale that business in today's-- >> John: Is it a SaaS business? >> No, it's a service and-- >> So he can instrument it, just watch the data. >> And yes, but he's not thinking like that because most business people are still thinking the old way, and if you look at Uber and others, they have gone global at such a rapid pace because they're very data-centric, and they scale with data, and they don't scale with just let's go to that market and then let's try-- >> Yeah, ship often, get the data, then think of it as part of the life cycle of development. Don't think it as the old school, craft, launch it, and then see how it goes and watch it fail or succeed, and know six months later what happened, know immediately. >> And if you go data-centric, then you can turn the R&D crank really fast. Learn, test and learn, test and learn, test and learn at a very rapid pace. That changes the game, and I think people are beginning to realize that data needs to be thought about as the application and the service is being developed, because the data will help scale the service really fast. >> Data comes into applications. I love your line of data is the new software. That's better than the new oil, which has been said before, but data comes into the app. You also mentioned that app throws off data. >> Yuvi: Yes. >> We know that humans have personal, data exhaust all the time. Facebook made billions of dollars on our exhaust and our data. The role of data in and out of the application, the I/O of the application, is a new concept, you brought that up. I like that and I see that happening. How should we capture that data? This used to be log files. Now you got observability, all kinds of new words kind of coming into this cloud equation. How should people think about this? >> I think that has to be part of the design of your applications, because data is application, and you need to design the application with data in mind, and that needs to be thought of upfront, and not later. >> Yuvi, what's next for you? We're here in Sand Hill Road, VC firm, they're doing a lot of investments, you've got a great project with GameStop, you're advising startups, what's going on in your world? >> Yes, so I'm totally focused, as you probably are beginning to sense, on the opportunity that data is enabling, especially in the enterprise. I'm very interested in helping business understand how to leverage data, because this is another major shift that's occurring in the marketplace. Opportunities have opened up, prediction is becoming cheap and at scale, and I think any business runs on their capability to predict, what is the shirt I should buy? How many I should buy? What color should I buy? I think data is going to drive that prediction at scale. >> This is a legit way that everyone should pay attention to. All businesses, not just one-- >> All businesses, everything, because prediction is becoming cheap and automated and granular. That means you need to be able to not just, you need to empower your people with low-level prediction that comes out of the machines. >> Data is the new software. Yuvi, thanks so much for great insight. This is theCUBE conversation. I'm John Furrier here at Sand Hill Road at the Mayfield Fund, for the People First Network series. Thanks for watching. >> Yuvi: Thank you. (bright electronic music)

Published Date : Sep 11 2019

SUMMARY :

Announcer: From Sand Hill Road in the heart of the People First Network content series. and the roles you've had over your career So the Washington Post company was a conglomerate. Obviously, Cloud 1.0 and the rise of Amazon public cloud. and then you decide, oh, and one of the tracks I got a degree in was database, So data is actually the software, right? of the runtime and the compilation of, as software acts, that's going to help you make those decisions. Is this how you guys are thinking about it at GameStop? I think retail, if you look at the segment per se, but then there's the product, and you need to marry the two. and become fresh and new and adopt the modern things I think when you say the old guard, And also the startups too, that they were here That's the big challenge because you see this, and they had to print a paper, and so yes, Washington Post, they sold it to Jeff Bezos, I think the transformation was occurring really fast. They had, because the market crashes and we have a recession I mean the thing is, downturns are economic and I think it's very hard to respond to a transformation It moved out of the corporate offices. John: Like Steve Jobs and the Macintosh team, and we were given a lot of flexibility. is that you need to leave your existing business behind and now it has to pivot to a new operating model and grow. I think there has to be this open and in fact, on the security side, and you take all their platform capability and services But now today, you can't even find an engineer but also the 10x Engineer, you go into any forum online, and it's fascinating to see them communicate John: What's it like? and if you think about, a data scientist and then you have other schools of thought but I think that what that does is you lose sight as what you can get access to, and cybersecurity, much more reliable, but the rest, you don't care much about. being native into the architecture of the system. and letting the data tell him what's working Yeah, ship often, get the data, then think of it That changes the game, and I think people but data comes into the app. the I/O of the application, is a new concept, and you need to design the application with data in mind, I think data is going to drive that prediction at scale. This is a legit way that everyone should pay attention to. you need to empower your people with low-level prediction Data is the new software. (bright electronic music)

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Tara Vaishnav, The Clorox Company | Mayfield People First Network


 

>> Announcer: From Sand Hill Road in the heart of Silicon Valley, it's "theCUBE," presenting the People First Network, insights from entrepreneurs and tech leaders. (upbeat electronic music) >> Hi, everyone, welcome to this special "CUBE" conversation. I'm John Furrier, co-host of "theCUBE" and co-founder of SiliconANGLE Media. We are on Sand Hill Road at Mayfield Fund, the venture capitalist funding startups. We're here with Tara Vaishnav, who is the vice president of technology, innovation, and advanced analytics at The Clorox Company, as part of the People First Network co-creation of content with SiliconANGLE and Mayfield. Tara, welcome. >> Well, thank you very much for having me! And congratulations to Mayfield on 50 amazing years, wow! >> 50 years they have been in Sand Hill Road, they've been investing in some great startups. They really have a great philosophy about people first. >> Yep. >> And you've had a very distinguished career in technology, IT, in big companies. Long tenures, too, like, you know, decades. >> Yes, oh, yes. >> And now at Clorox, a consumer company. So talk about your journey, where your experience is, where you started, tell us about your background. >> Yeah, well, I grew up in India, if it's not obvious already. I came to the United States after I finished my undergrad in India, I had an undergrad in electrical engineering. Came over here, got my electrical engineering master's at the University of Southern California, go Trojans. And after that, I worked for several companies, but mostly in health care and life sciences. So the past four years, I have been the vice president of IT at The Clorox Company, which is a CPG company, so quite a bit of a learning curve there. >> Health care, serving patients, now you're serving consumers. >> That's right, that's right. >> Clorox is well-known for their analytics, well-known for technology, innovation. >> Tara: Yes, yeah. >> I've interviewed a bunch of folks at Clorox, they've always been at the head of the curve. >> Tara: Yeah. >> Like Procter & Gamble, you guys, consumer companies have to be. >> Tara: Definitely. >> Now, more than ever, digital disruption is an opportunity for companies to have a better relationship with their customers. >> Tara: Absolutely. >> And changes the makeup of their brand as well, since it touches the customer. How do you see that evolving? What's the current state of the art of some of the things you're working on? >> Yeah, it's pretty fascinating, actually. And I hate to use cliches, but things like consumer experience is really at the heart of it. We're a brand company, at the end of the day, and how people feel about us is really, really important. It's not so much, it is about the products, and we make amazing products, but how do they feel about us as a company, and how do they engage with us differently than they did before? We do not buy the same way as we did even five years ago. And so, learning that, learning the new, evolving consumer, and getting really close to what's important to them, that's really on the forefront of how we think about our digital transformation. >> One of the cool things that's great about the People First Network that we've been doing-- >> Tara: Yeah. >> This content, is that we have a lot of luminaries who have had a storied career, like yourself, have looked at the changes and the waves of innovation that have come before, and now, more than ever, omnichannel, how you advertise and reach customers, how they interact, how they buy and consume. When you look at health care and some of the things you've been involved in, in the '90s, remember, client-server was big, they had computers. >> Tara: (laughs) Oh, yes. Oh, yeah. >> IT has changed a lot. >> It has. >> What is the most striking thing that you see from those changes in this new wave that we're living now? >> You know, so, (sharply exhales) I was fortunate in that I decided that data was where it was at, right from the beginning of my career. That's how I kind of made my way up my career ladder, is really that focus on data. I had a software engineering background, but really felt the power of data to change things. What has happened, if I think about some of the big changes, or the key milestones, if you will, in my career, one of the first real big changes came about when data, which was up until that point really sort of coming along for the ride, you had applications, applications had data, when data actually became the mainstay and the applications kind of came and went. I remember one of my mentors in the past, a past CIO, actually, telling me that applications come and go, but data is forever. And when that really started to become a thing was when big data and big data technologies became, came of enterprise age, if you will, along with cloud technologies. That marriage really, that was, I think, the tipping point where the things that you could do with data and the way that you could get insights from data really took on a life of its own, if you will. >> You know, one of the things, that's a great point. I'd love to get your insights as a leader and as you grew with data, because it wasn't really obvious at that time. Certainly, people had databases and that, the big data, the applications had data. >> Tara: Sure, sure, yeah. >> But it was always kind of old-school data. "Hey, get some data, let's look at the demographics, "let's look at the Consumer Price Index," blah, blah, blah, all kinds of data. But access to data became driven by the database. >> Tara: Correct. >> So there might've been data available-- >> Tara: Yeah. >> But getting it in the hands of the practitioners even now is hard, but even back then, you might not have had the data. So as a leader who's sought data-- >> Tara: Yeah. >> As a strategic advantage. By the way, that's rare early, isn't it? So, (laughs) awesome for you. >> You know, I got lucky. >> How did you get through that? How did you lead the organization to make data at the center of things? >> It is a very good question. There were a few things that started to take shape once big data and the marriage of the cloud started to happen. It started to open up doors, break down organizational silos. When you brought that data together, the business value, or the potential business value that could be unlocked, became obvious. The way that we approached it, though, under my leadership, I always believe in small steps. I believe in leapfrog, but I believe that you have to feed innovation or innovative thinking out in small doses. People are not always ready to consume it in one big (laughs) fell swoop, if you will. So doing things incrementally, but with an idea towards transformation, was, I think, the secret sauce that I used to approach these things. So as a couple of examples, in Kaiser Permanente, when I worked there for almost seven years, I was instrumental in bringing their big data platform to life. But it was not just a matter of, "Here's the technology "for technology's sake." It was a matter of, "Here are some real problems "that we are having a lot of difficulty in solving today. "Let's show you how we can solve those differently "in an amazing way." And we proved that. It was an experiment, that we proved that, and that really started to get us those adopters, if you will. >> John: So take baby steps. >> Yep. >> Don't try to do wholesale changes hardcore. >> Correct, correct. >> Let people get used to it. >> Yeah. >> This must've had an impact on culture. >> Yes, yes. >> And this comes up a lot in the DevOps culture we've seen in the past decade, even now. >> Yeah. >> Getting people to change has become very difficult. >> Yes! >> John: We all know that person-- >> Yes. >> Has their project that's their baby, adding features, "No, don't take my "baby away from me." >> Tara: Yes, yes, yes. >> "I don't want to change." >> (laughs) Oh, yeah. >> How do you make that happen? How do you lead people through that very difficult transformation at an emotional level, on a business level? What's the strategy there? What's your technique? >> Yeah, so, again, back to, you have to show results. And you have to show results incrementally in a way that people can appreciate them and consume them. You have to look at technology from a business value perspective. Business value comes first, technology is just along for the ride. That's how people see it, and that's how they should see it. >> John: Mm-hm. >> It's what you can do with the technology that makes a difference. So, some of the techniques that I have used in the past have been, number one, you do have to find like-minded people in the organization. You can't go at it alone. You have to start to build your clan, if you will, of innovators, so you've got a target audience that you're chippin' away at, slowly, but you've got to build credibility. Because results build credibility. Credibility builds trust. Trust removes barriers. So that's kind of the way that I approach things. I bring like-minded people together, I find people in the organization, of the people that are resistant, that I can bring onto "my side," if you will, and I use their knowledge, their insights, their knowledge of how this person who is obviously a stakeholder, and an important stakeholder, how they think and what's important to them, and I use that language and that person to be able to approach individuals in different ways. It's about culture. >> And it's always good to make them, you know, success has many fathers, if you will-- >> Yep. >> Is always an expression. Making them feel part of the solution. >> Absolutely. >> So I got to ask you a question. Is having a software background, coming into the tech world and the business world, this, now, you're starting to see applications really dictate to the infrastructure. Elastic clouds are out there. >> Tara: Yes. >> You have data as a resource now. If you were entering the market as a young software engineer today, and you were asked to come in and make an impact, knowing what you know, how do you see the world today? Because, you know, a lot of software engineers creating value from men, and, now, a lot more women are coming on board. >> Yeah, yeah. >> It's still lower numbers, but still, software's not just that software engineer. >> Yeah. >> It's software architecture, it's software engineering, software development, UX, UI-- >> Tara: Yeah. >> Analytics, a lot of range-- >> Tara: Yeah, yeah. >> Of software opportunities. How would you attack the marketplace today if you were coming in and entering the workforce or in the middle of your career? >> Yes, you know, when I look at my career, which is a little longer than I'd like to admit, I see myself as a young undergraduate student in India. I was one of six girls in a class of about 50. I was striving to get a degree in what was called, actually, electronics and telecommunication. I was in a minority. I came over here to the United States, and I continued to be in the minority. I look at my career, which is more than 25 years old. I have also continued to stay in the minority throughout that career. The biggest difference between where I am now in my career versus where I was then is I don't care as much anymore that I'm in the minority. (both laugh) Right? What is fascinating to me, though, John, is when I look at some of the very young students, actually, we had a high school intern program for the first time this year at Clorox, which is actually interesting. We typically have college interns, but this year, Clorox, a 105-year-old company in the middle of the Silicon Valley, having the ability to see that the very, very young generation can think very differently, and bringing in the high school intern, or a set of high school interns, to help with that journey, I think, was forward-thinking for the company. And those kids, the confidence that they have? They are not shackled by knowing too much, you know? >> John: Yes. >> But they know what's relevant, they know how to make things happen, and boy, do they know how to use technology to make problems that we consider problems that would take months, happen so quickly. They were with us for four weeks. In four weeks, they developed an app, a website. They developed our logo. They developed a PR video for us. They had an innovation showcase. In four weeks, four little students. >> It's interesting, for the first time (Tara laughs) in my career, I can admit that, from a self-awareness standpoint, "Well, I really don't know what I'm talking about." These young kids have a different view, because now their experiences are different. >> Tara: Yes. >> And so, the insight coming out of this new generation really is pretty compelling. >> Tara: It is. >> They are adding a lot more because there's been a shift in expectations, there's been a shift in experiences-- >> Tara: Yes. >> For this new generation, and they're at the forefront, so it's a big wave coming. What's your thoughts on that? Because analytics is a big part of your career now, and it always-- >> Tara: Yes, yes. >> Has been, but now, more than ever-- >> Yeah. >> The younger generation, they want instant gratification, they want value. >> They do. >> They don't want to wait and be told-- >> They do. >> They want to see the immediacy. >> They do. >> Talk about this new shift, this new younger generation. >> Yeah, yeah. You know, there used to be the good old days, where we could, say, put a product out there and, you know, eventually it kind of works its way into the consumer ecosystem, and then we'd get to hear back, over the course of time. Customers would call in with a recommendation or a complaint. It's very different now. Things are out there instantaneously. We put something out there, you're getting comments and reviews, some of them good, some of them not so good. It's out there, and it's out there instantly. And that also, the modern consumer is not shy. They kind of hide behind the keyboard, and they're putting their comments out there, right? (both laugh) They're the keyboard warriors! >> John: (laughs) Yeah. >> So being able to respond to that and having not just the data, but the ability to extract insights from data and to extract insights in real time, that is crucial. And so, gone are the days where you had months to do your analytics. You have to be able to do your analytics in the flow, you have to be able to take in new information, incorporate it into your models, be able to do predictive analytics on it. So technology and the way that it is evolving is super critical for survival these days. >> So, survival, and also competitive advantage, we've heard-- >> Oh, for sure. >> From other CIOs, and also CSOs, from a security standpoint-- >> Yes, yes. >> There's business risks involved. How real-time do you see the advantage being? Obviously, near real time is pretty much what people talk about. >> Yeah. >> Real time is to the second, and self-driving cars will certainly need that. >> Yeah, yeah, yeah. >> But as a leader chasing the real-time holy grail-- >> Yeah. >> Seems to be a theme we hear. How do you react to that, and how do you view real-time data? >> There is definitely something that builds up to the richness of data that you can take advantage of in "real time." And I am saying "real time" in quotes because there is a contextuality associated with it. The wonder of modern advanced analytics and machine learning is that you have an existing model that you're tweaking and evolving with new information, and that model is serving as your guide as you receive new information. So, does it have to be reactive, or can it be proactive? You're building the insights, and then you're adding on new information as you see it. And you're using technology to help you make more holistic decisions. And at the end of the day, there is something to be said about the human aspect of it. The machine can give you guidance-- >> John: Yes. >> But the human being needs to make the decision. >> I'd love to ask you a quick question on that, because I think this is something that we talk about all the time. >> Yeah. >> Humans are critical in the equation, machines augment the humans. >> Yes. >> In the data world, if you're "data-driven," which has been (laughs) a cliche, "We're data-driven!" >> Tara: Yes, yes. >> It takes on multiple forms. >> Tara: Yes. >> I've seen multiple actors saying, "We're data-driven," but they're really just correlating data. >> Tara: Yeah. >> The causation side of it is, what's causing things, that's more of a management thing. >> Tara: Yeah. >> So causation and correlation are two different variables-- >> Tara: Yes. >> In the analytics field right now-- >> Tara: Yeah. >> That are being amplified as, you got to know the distinction between correlation, because you can correlate anything, causation is something that might be more designed towards figuring out something, and you really can't rest on one more than the other. >> Yeah. (laughs) >> Your thoughts on the balance between the two. >> You're talking to someone who worked in health care for-- (laughs) >> John: (laughs) I probably won't get you to continue. >> For almost seven years. Causation and correlation are-- >> John: More important than ever. >> Are more important than ever. And I think more and more, the boundary between what machines can do and how they can augment human beings, versus actually having the machines help you make decisions, it's getting fuzzier, and machines are able to do more and more. I mean, all of the knowledge that you could read about 24 hours a day cannot sit in your head. You have to be able to leverage machines to help you make those decisions. So as far as causation and correlation, I think the correlation is something that the machine can be the master of. It can see patterns where you may not even think to look for patterns. So I think that, let's give it up to the machines. Correlation is where-- >> John: They got that. >> The machines have got that, and you got to set them up so that they can do that for you. Causation is where the tricky area starts to happen. Because there is a lot to say, especially when you talk about doctors, about experience and working with individuals. Each individual is different. You can't say that the causation for this person is the same as that because the correlations are similar. No, you have to look, there are so many factors that go into what is causing-- >> John: Yeah. >> A disease or a condition in a person. So I think that is where the human element and experience really, really still make a difference. >> In the media business, we call it behavioral and contextual. >> Yes. >> Context is really important for really aligning-- >> It is. >> With whatever the problem statement may be. >> Yes, yes. >> Correlation, behavior, machines can do that. >> Correct. >> That's awesome, great, great, great insight there. A final question for you is, for other folks out there, CIOs or IT executives, as they look at the digital transformation journey, which, again, very cliche, but very real, there's a lot of opportunities, but also potential pitfalls if not executed properly. >> Tara: Yeah. >> Your thoughts on general roadmaps or best practices around how to tackle transformation, if they're doing it, coming in for the first time or at the beginning, or if they're in the middle of a digital transformation, and they're stuck in the mud-- >> Yeah, yeah. >> Or "Oh my God, "my head person quit. "I got to get more people." >> Yeah. >> "I need developers," or people on the back end of the transformation, different parts of the journey. What's your advice? >> Yeah, I've got a couple of, again, from the scars of my past, a couple of things that I think are important. Number one, when I joined Clorox, I had the stretch goal of actually building out their cybersecurity program. I had not done that in the previous part of my career. I was an enterprise architect, that's where I would spend most of my many years. But cybersecurity, and I hired the CSO and built out that program for Clorox, it puts a whole different lens on how you look at your transformation, and it is an important lens. And I think I would not have been rounded, as either an enterprise architect who's developing technology strategy or a digital technology innovator, if I did not have that lens of, there is risk that you need to consider. Now, the point to remember is that you can't over-rotate one way or the other. You have to consider risk and opportunity, and there's a fine line. And I think the smartest CIOs and senior executives know where that fine line exists, and are able to tell when you need to go this way or that way. So that's one thing that I would say, is don't lose that lens. Technology can do wonderful things for you, but so can the hackers from a different-- >> You got to be aware-- >> You've got to be aware. >> And then, you've got to shape it, too, as it evolves. Is that something that you see as important? >> You have to have that lens of, you're doing this wonderful, amazing thing, however, what if the unintended audience is able to access whatever you're doing? And what can they do with it? So that's one thing that I would say, is keep that balance in mind. Again, don't over-rotate one way or the other, but keep that balance in mind. The other thing that I would say is, innovation is a state of mind that needs to be nurtured and developed, and it needs to be sought from every part of the organization. The only way to scale innovation is to have everybody be an innovator in the organization. So that would be my advice, is innovation can come from the youngest high school intern, or, we actually just had someone at Clorox celebrate their 50th year at Clorox. So, you know-- >> John: Yeah. >> Innovation can come from anywhere in the organization. You have to always be ready, open-minded, and prepared to grab that opportunity when it happens. >> My final takeaway for this is in context to where we are now, we're on Sand Hill Road-- >> Yes. >> At Mayfield Fund, they're a venture capitalist. >> Yes. >> They fund early-stage and growth. >> Yep. >> The younger generation, we just talked about the insights that they can have, new shifts that are happening in experiences, expectations. The startups, more than ever, have an opportunity to have customers like Clorox. >> Tara: Yes, yes. >> What used to be, "Well, a startup, "risk, don't go through the, go through TSA, "and when you get approved, "then we'll talk to you," kind of thing. (Tara guffaws) It's a big, painful process. >> Used to be? >> Now, more than ever, startups want to land the big Clorox deals. >> Yes, yes. >> They want to show the value proposition, time to value, shortening, with cloud and other things. What's your advice to startups who want to sell to you or hope to, aspire to, be successful in the marketplace? >> You know, I love startups, and I spent a lot of time with them. What I have seen as differentiating in the startups that I have seen is, some of them, they're out there, they want your business. So they are looking at you from that, "Can I get your business?" And then there are other startups that, I'm sure they've got that lens, but they don't make it obvious to you. To them, the value is in working with you. You're a company that is well-reputed. You've got a ton of amazing data that can be used to develop your models. You've got a ton of insights and understanding of the business that you can get by just working with this "reputed" company, like Clorox. Those in itself, you can't put a tangible, material value on that, but that is what helps startups build relevant and amazing products. And that, in itself, is "payment." The money will come, but look to the experiences, look to the ability to leverage data, and, above all, look to how you can position your product in a way that it is solving a business problem. Don't do technology for technology's sake. >> So, your advice would be, don't focus on on the PO. If they're venture-backed, they probably have some runway. >> Yes. >> Focus on the value proposition. >> Absolutely, and learning how companies operate and what's important to them, take the time to do that. >> How about scale? Do you hear that a lot with startups, they want to try to use the value proposition? One, they have to get in the door and show value, so that's one. >> Tara: Of course. >> Kind of table stakes, get through the door. >> Okay, yep. >> Then it's more about how they can be operationalized. That becomes something I've seen with startups. What's your thoughts on that? Because one of the benefits of getting in the door is getting (laughs) in the door, but staying in-- >> Yeah. >> Is about operationalizing that new value proposition. How do you look at that as a leader? >> (sharply exhales) Yeah, the word operationalization is an interesting one. So, companies like Clorox, I mean, while I love to work with startups, I will tell you that I do experiments, four, six, eight weeks, we've got a metric. If we go beyond that, it's probably a project that needs to go through a different route. But we do these experiments, and we do them quickly. The thing that we do worry about is, "Okay, great startup, great product. "Is it enterprise-ready?" You know? And I think that is where a lot of startups struggle a little bit, is, can they prove to you that their product is Fort Knox, that it won't be a way through which your systems get hacked? Can they prove to you that they've got a good handle on where they are going, what their roadmap is, what capabilities they are developing in their roadmap? Can they showcase that to you in a way that makes sense to you? We're looking for companies that are not just here today and gone tomorrow, companies that are here for the long run. And then, even if they can't do all of that, show that you integrate really well with our other products. Because, guess what, if you don't work out so well for us, little startup, we want to be able to replace you. We want to have that option. And if you don't integrate seamlessly and can be plucked out and put back in again, then we're stuck with something that we can't extract from our environment. So they've got to think how we think, is what I would advise them. (laughs) >> Tara, thanks so much for this great insight. For startups out there, for folks entering their career, for other women who are looking to break into tech, we have a great inspirational leader here. >> Thank you. >> John: Thank you for spending the time, we really appreciate it. >> Thank you very much, really appreciate it. >> Thank you very much. I'm John Furrier. You're watching the People First program with SiliconANGLE and Mayfield. Thanks for watching. (upbeat electronic music)

Published Date : Sep 11 2019

SUMMARY :

Announcer: From Sand Hill Road in the heart at The Clorox Company, as part of the People First Network They really have a great philosophy about people first. you know, decades. where you started, tell us about your background. So the past four years, I have been the vice president of IT Health care, serving patients, now you're Clorox is well-known for their analytics, of the curve. consumer companies have to be. to have a better relationship with their customers. of some of the things you're working on? We do not buy the same way as we did even five years ago. have looked at the changes and the waves of innovation Tara: (laughs) Oh, yes. and the way that you could get insights from data You know, one of the things, that's a great point. "let's look at the Consumer Price Index," of the practitioners even now is hard, By the way, that's rare early, isn't it? and that really started to get us those Don't try to do wholesale an impact on culture. in the DevOps culture we've seen in the past decade, Getting people to change has become that's their baby, adding features, And you have to show results incrementally So that's kind of the way that I approach things. Is always an expression. So I got to ask you a question. and you were asked to come in and make an impact, but still, software's not just that software engineer. How would you attack the marketplace today if you and bringing in the high school intern, and boy, do they know how to use technology It's interesting, for the first time And so, the insight Because analytics is a big part of your they want instant gratification, they want value. the immediacy. Talk about this new And that also, the modern consumer is not shy. And so, gone are the days where you had months How real-time do you see the advantage being? Real time is to the second, How do you react to that, and how do you And at the end of the day, there is something to be said But the human being I'd love to ask you a quick question on that, in the equation, machines augment but they're really just correlating data. The causation side of it and you really can't rest on one more than the other. between the two. won't get you to continue. Causation and correlation are-- I mean, all of the knowledge that you could read about You can't say that the causation for this person So I think that is where the human element In the media business, we call it behavioral machines can do that. at the digital transformation journey, "I got to get more people." or people on the back end of the transformation, Now, the point to remember is that you can't Is that something that you see as important? innovation is a state of mind that needs to be nurtured Innovation can come from anywhere in the organization. they're a venture capitalist. The startups, more than ever, have an opportunity to have "and when you get approved, the big Clorox deals. time to value, shortening, with cloud and other things. of the business that you can get don't focus on on the PO. Focus on the value and what's important to them, take the time to do that. One, they have to get in the door and show value, Kind of table stakes, Because one of the benefits of getting in the door How do you look at that as a leader? Can they prove to you that they've got a good handle we have a great inspirational leader here. for spending the time, we really appreciate it. Thank you very much, Thank you very much.

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Srujana Kaddevarmuth, Accenture | WiDS 2019


 

live from Stanford University it's the cube covering global women and data science conference brought to you by Silicon angle media good morning and welcome to the cube I'm Lisa Martin and we are live at the global fourth annual women in data science conference at the Arriaga Alumni Center at Stanford I'm very pleased to be joined by one of the Wits ambassadors this year Regina cut of our math data science senior manager Accenture at Google and as I mentioned you are an ambassador for wits in Bangla Road the event is Saturday so Janelle welcome to the cube thank you pleasure it is - this is the fourth annual women in data science conference this year over 150 regional events of which you are hosting Bengaluru on Saturday March 9th 50-plus countries they're expecting a hundred thousand people to engage tell us a little bit about how you got to be involved in wins yeah so I care about data science but also what accurate representation of women in gender minority in the space and I think it's global initiative is doing amazing job in creating a significant impact globally and that kind of excited me to get involved with its initiative so you have which I can't believe you're an SME with ten plus years experience and data analytics focusing on marketing and customer analytics you've had senior analytics leadership positions at Accenture Hewlett Packard now Google tell me a little bit about before we get into some of the things that you're doing specifically the data--the on your experience as a female in technology the last ten plus years it's been exciting I started my career as an engineer I wanted to be a doctor fortunately unfortunately it couldn't happen and I ended up being an engineer and it has been an exciting ride since then I felt that had a passion for doing personal management and I posted management and specialization of operational research and project management and I started my career as a data scientist worked my way up through different leadership positions and currently leading a portfolio for Accenture at Google yeah in the read of science domain yeah it's exciting absolutely so one of the things that is happening this year wins 2019 the second annual data thon that's right really looking at predictive analytics challenge for social impact tell us a little bit about why Woods is doing this data thon and what you're doing in not respectively in Bengaluru okay so well you see data science in itself is a highly interdisciplinary domain and it requires people from different disciplines to come together look at the problem from different perspectives to be able to come up with the most amicable and optimal solution at any given point of time and Gareth on is one such avenue that fosters this collaboration and data thon is also an interesting Avenue because it helps young data science enthusiasts whom the require design skill sets and also helps the data science practitioners enhance and sustain their skill sets and that's the reason which Bangalore was keen on supporting what's global data thon initiative so this skill set so I'd like to kind of dig into that a bit because we're very familiar with those required data analytics skill sets from a subject matter expertise perspective but there's other skill sets that we talk about more and more with respect to data science and analytics and that's empathy it's communication negotiation can you talk to us a little bit about how some of those other skills help these data thon participants not just in the actual event but to further their careers absolutely so really into the real world so there are a lot of these challenges wherein you would require a domain expert you require someone who has a coding experience someone who has experience to handle multiple data sites programmatically and also you need someone who has a background of statistics and mathematics so you would need different people to come together I look at the problem and then be able to solve the challenges right so collaboration is extremely pivotal it's extremely important for us to put ourselves in other shoes and see a look at the problem and look at the problem from different perspective and collaboration or the key to be able to be successful in data science domain as such okay so let's get into the specifics about this year's data sets and the teams that were involved in the data thon all right so this year's marathon was focused on using satellite imagery to analyze the scenario of deforestation cost of oil palm plantations so what we did at which Bangalore is we conducted a community workshop because our research indicated that men dominated the Kegel leaderboard not just in Bangla but for India in general despite that region having amazing female leader scientists who are innovators in their space with multiple patents publications and innovations to the credit so we asked few questions to certain female data scientists to understand what could be the potential reason for their lower participation and the Kegel as a platform and their responses led us to these three reasons firstly they may not have the awareness about Kegel as a platform may be a little bit more about that platform so reviewers can understand that right so Kegel is a platform where in a lot of these data sets have been posted if anybody is interested to hold the required a design skill says they can definitely try explore build some codes and submit those schools and the teams that are submitting the codes which are very effective having greater accuracy he would get scored and the jiggle-ator build and you know that which is the most effective solution that can be implemented in the real world so we connected this data Sun workshop and one of the challenges that most of the female leader scientists face is having an environment to network collaborate and come up with a team to be able to attempt a specific data on challenge that is in hand so we connected data from workshop to help participants overcome this challenge and to encourage them to participate into its global hit a fun challenge so what we did as a part of this workshop was we give them on how to navigate Kegel as a platform and we connected an event specifically focused on networking so that participants could network form teams we also conducted a deep in-depth technical session focusing on deep neural nets and specifically on convolutional neural nets the understanding of which was pivotal to be able to solve this year's marathon challenge and the most interesting part of this telethon workshop was a mentorship guidance we were able to line up some amazing mentors and assign these minders to the concern or the interested participating teams and these matters work with respective teams for the next three weeks and for them terms with the required guidance coaching and mentorship held them for the VidCon showed me that's fantastic so over a three-week period how many participants did you have there 110 plus people for the key right yeah for the event and there are multiple teams that have formed and we assigned those mentors we identified seven different mentors and assigned these mentors to the interested participating teams we got a great response in terms of amazing turnout for the event new teams got formed new relationships got initiated new relationships new collaborations all right tell us about those achievements so they were there was one team from engineering branch or engineering division who were really near to the killer's platform they have their engineering exams coming up but despite that they learned a lot of these new concepts they form the team they work together as a team and we were able to submit the code on the Kegel leader board they were not the top scoring team but this entire experience of being able to collaborate look at the problem from different perspective and be able to submit the code despite one of these challenges and also navigate the platforming itself was a decent achievement from my perspective a huge achievement yeah so who you are at Stanford today you're gonna be flying back to go host the event there tell us about from your perspective if we look at the future line of sight for data science let's just take a peek at the momentum this that this Woods movement is generating this is our fourth year covering this fourth annual event fourth year on the cube and we see tremendous tremendous momentum mm-hmm with not just females participating and the woods leaders providing this sustained education throughout the year the podcast for example that they released a few months ago on Google Play on iTunes but also the number of participants worldwide as you look where we are today what in your perspective is the future for data science all right so data science is a domain is evolving at a lightning speed and may possibly hold the solution to almost all the challenges faced by humanity in the near future but to be able to come up with the most amicable and sustainable solution that's more relevant to the domain achieving diversity in this field is most and initiatives like wits help achieve that diversity and foster a real impact absolutely what's original thank you so much for joining me on the cube this morning live from wins 2019 we appreciate that wish you the best of luck kids a local event in Bengaluru over the weekend thank you it was a pleasure likewise thank you we want to thank you you're watching the cube live from Stanford University at the fourth annual woods conference I'm Lisa Martin stick around my next guest will join me in just a moment

Published Date : Mar 4 2019

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Manish Chandra, Poshmark | Mayfield50


 

>> From Sand Hill Road, in the heart of Silicon Valley, it's theCUBE, presenting the People First Network: Insights from Entrepreneurs and Tech Leaders. >> Hello everyone, I'm John Furrier with theCUBE. We are here for a special conversations part of Mayfield's 50th anniversary People First Network. This is a series of interviews from fault leaders around entrepreneurship, and insights. Manish Chandra, who's the CEO, Co-Founder and CEO of Poshmark, a very successful company. A serial entrepreneur that I've known for many, many years, going back to his early startups. Great to see you, thanks for spending the time today. >> Thanks for having me, John. And it's great, we were just talking about our early days when you were doing your podcast, and me, I was doing a social shopping company back then, was it, 2006? 2005 timeframe, a long time back. >> Pioneers have arrows on their back, as they always say in entrepreneurship, but if you look at the time when we were doing startups, over 14 years ago, social sharing, democratization; these were the buzzwords. This was the wave that we were all trying to ride. When 2008 hit, it kind of took the water down a little bit. But still the game didn't change, a rise comes Facebook, Twitter, social, multiple channels. The consumer's expectations changed a lot in that timeframe, and I want to get your thoughts because you've had two successful companies, Kaboodle and now PoshMark, with almost 40 million users, billion dollar valuation, hundreds and hundreds of employees, got like a hundred openings in your company. You're ramping up and you're scaling. But the expectations of users has changed. What are some of those dynamics in your business that you're seeing? >> I think the biggest sort of, uh, culmination or ignition point for social platforms came with the advent of mobile. And uh, early days of mobile were crude days, but you know, if you look back at the advent of Poshmark, sort of the idea of Poshmark reignited in my mind in 2010, and iPhone 4 had just come out. It was a couple of months after Instagram had started. And SnapChat had not even started yet. And what, I think, mobile platform did, especially with the high quality platform like iPhone 4 was, it made the process of content creation, consumption, and sharing so fast, and you finally had the device that could produce it, that uh, it just kept accelerating. And now, in the days of, you know, iPhone Excess Max and what have you, it's just so easy. At the same time, the speed expectation, the transparency expectation, and the velocity of expectation has gone up, and so what we've seen in Poshmark is, day one, our users were spending somewhere between 20-25 minutes in the app. And here today, we have billions of users, and they're still doing that same thing, so that level of deep immersion that you see is sort of unique to the mobile paradigm. >> I want to dig into the user expectation and the experiences that you're delivering. But before we start, take a minute to explain Poshmark; what you guys are doing as a core business, how it's evolved. >> So Poshmark, very simply, is a simple way to buy and sell fashion and other sort of style-based paradigm, we call it a social commerce platform because it really brings together users in a unique way. But it really allows anybody to build a business starting with their closet all the way to opening up a full-brand, wholesale engine on the platform. We provide all of the infrastructure, you know, shipping, payments, technology, and you have to bring in your inventory, so we don't touch inventory, but everything else we handle for you. >> So you're really helping people, enabling them to be successful with the ease of use; heavy lifting. >> Heavy lifting. >> It's kind of like Amazon. You don't need to provision anything, just kind of get started. E-Commerce in the era now of Google, Amazon, and Cloud technology, you see the rise of all the scale. How are you riding that trend, because that's a tailwind for you? And what is that doing for the user's expectations, I mean, I have four kids, I see them all online, they never use their laptops, except for homework, but they're on the mobile device, they're doing new things, this is the new expectation; what are some of those expectations? >> In our business, which is the business of fashion and style, what it means for people is, number one is, if they see something. Whether they see something on Instagram, or something on SnapChat, it needs to be instantly shoppable, right? And that obviously benefits a platform like us, which makes easy access to all of the different brands and things that are developing. At the same time, what social media's also doing is making the obsoleting of your products very fast, because once you've used it, you've, you know, posted a picture, you want to be able to not consume it again. >> You've been seen wearing the same outfit, I can't wear it twice! >> Exactly! And so we make that easy as well. And then the third thing is, uh, everyone is a content creator, everyone is a seller, everyone is sort of participating in this economy; people are hosting AirBnB guests in their home, people are selling on Poshmark, and the reason is because phone, and sort of this new mindset of collaboration and social makes it very easy for people to participate, so they want to be able to sell, but they don't want any hassle in that process. And so the new consumer expectation is instantaneous, deeply immersive, and constantly changing, and if you can't satisfy all of those things, then it becomes harder for you to scale. So you have to use technology, the physical world, and sort of the emotion all in the right mixture. >> One of the things I know that you're passionate about, and we've had this conversation, we feel the same way, certainly, at theCUBE is, role of community. And I see a lot of companies these days, whether they're saying we're doing an ICO using tokens to, um, getting a big bag of money from venture capitalists, oh yeah, our key strategy is to build a community. You can't buy a community. You've got to really win the hearts and minds and provide value, and you really can't, and build trust. Talk about the role of community for you guys, especially in the stylist world, where you have all this, where style's involved, a very robust community. How did you do it? How did you foster a community, and how did you nurture it? And how has that played out for you guys? >> So community is a foundation of Poshmark. And community's our value, not just our customer, but also what we are, and uh, community is what I'm more passionate about, even more passionate than fashion; and that was sort of, in my previous company, the thing that was really highlighted for me. And so we did it very slowly, actually. During the first year of our company, we only had a hundred users, but these hundred users were immersed. And then we went from a hundred to a thousand. Then thousand to five thousand. But very deliberately and slowly. So the end of the first 18 months of our company's life, we had maybe ten thousand users, right? And then we went from ten thousand to 300,000 in the next seven months, then we went from 300,000 to 12 million in the next two years. And today we went from 12 million to 40 million in the next few years, because, once you have sort of figured out how the community is created, it can scale very fast, but the early days if you compromise in how the community is being created, it's very powerful. For example, in the first, probably, eight or nine months in the company, I answered every single customer service email. And today, I probably interact with 80-100 customers directly everyday. Really keeping the pulse in sort of servicing. And service and love are sort of two of our core values, and it is very important that's built into the system. The second thing is, the community has to be authentic. You cannot fake a community. Which means, there is conversations that will happen in the community, there is, which may be antithetical to what you think is your brand, but if you don't let that authenticity happen, then what ends up happening is the community sort of withers away, because people are not going to tolerate anything inauthentic. The third thing, as you mentioned, is trust. And so from day one, we created not just trust in the way platform was built, but also in the economics. So day one we said, hey, if you're going to be part of this platform, there's two things that you're going to pay for; one, is, as a buyer, you're going to pay for shipping, and as a seller, you're going to revenue share with us, and we're not going to charge you any other money. Nothing. And so we shared, started from day one, a 20-80 partnership with our sellers, and today, here we are six or seven years later, and we have the exact same partnership. On the buyers, we started by charging them $7 for shipping, today our shipping is $6.49, at that time our shipping was 3 pounds to 5 pounds. Everything was priority, today everything is priority. So in six to seven years, if you think of any other marketplace in the world, not just in the country, how many times have they raised their fees? How many times have they changed their paradigm, changed their shipping paradigm? For us, it was very important. In the early days, it felt, people were saying, why are you charging so heavily? I said, I don't want to charge anything different tomorrow that I'm charging today, and by the way, there's no additional fees we've ever imposed on the platform, so, we don't have any marketing fees, any promotion fees, any credit card fees, and so that trust that's created ultimately leads to a lot of loyalty. And so today, you see our consumers growing, our users growing, and every single cohort we have continues to grow in revenue more like SAAS businesses, as opposed to e-commerce businesses. And that, to me, is the power of community if you do it right. >> And that's an interesting point. There's a lot of things you said in there, I think, that are worth doubling down on. One, I just want to highlight it, if you're creating value, and you're certainly scaling, passing that down in cost savings, and reducing cost and adding value, that's a secret formula. You see, we know one company that does that really well: Amazon! And that's worked. And they recognize the value of keeping people in there engaged, and so I think that's almost a take away for anyone watching is that if you're not adding value and reducing the costs while you're scaling, you're probably doing your math right. >> Absolutely. >> The second thing I want to talk about, and get your reaction to is you know about community and slowing it down at first. That's almost counter-intuitive. The, almost the answer is put the pedal to the metal, let's get some numbers; you took a different approach. You decided to take your time. Was that to get a feeling for the community, build the trust, understand the dynamics? Talk about why you went slow at first. >> The key is that the first two, three years, you're perfecting a lot of things, right? You have to make sure things are getting right. And in the first year, it was all about getting the product right, right? Then we scaled. Then we quickly realized that that scaling was breaking everything, was breaking our shipping system, was breaking our technology's office; I actually, Mayfield, which was an early investor in Poshmark, was on the board, and I went to my board, and I said you know, I'm actually going to slow down growth by 60%. And if you can imagine a venture board hearing that from their CEO, in the early days, it's challenging. >> It's a tough conversation. >> Yes. But I think one of the things that I value about Mayfield and my early investors is their focus on partnership, at a people level, a human level, with me. And uh, trust, and so we actually cut down our marketing budget by 80%, filled out the systems, got the partnership with USPS where we created the country's first fashion shipping label called Poshpost, and built up our technology and infrastructure, built out our payment partnership with BrainTree and Paypal, and by sort of, early-to-mid 2014, we started scaling and have never stopped. And in fact, I had told my investors early on, that first two or three years of building this business will be challenging, so hopefully you are prepared to go on this journey with me; but once we build it, it will accelerate. And what you see with us is, the business continues to accelerate every quarter, and we are seeing hyper growth, six, seven years into the business, which is even faster than the growth we saw in the first few years. And part of it is that, network business, which are built around true sort of networks, continue accelerating and connects later on in the process, but if you haven't created the right foundation in the early days? They fall apart. >> I think that's a lesson that entrepreneurs can learn, because you got to go slow to go fast. In Cloud based businesses where you have network effects, if there's a crack in the foundation, it can come crumbling down. >> It can come completely crumbling down, and it did, I mean, there were times in 2013 when people were literally doing things and just, the data would get lost in other things. We had to fix many of those, the broken pieces. We had USPS come to our offices and say hey, either you pay us a multi-million dollar fine or we have the right to arrest you. We had to renegotiate our contract with them. There's a bunch of things that happen in that scaling, and you hear things like blitz scaling and stuff these days, and their great terms, but at the same time, if you don't fix what's broken, you can't build that super scalable business. >> You got to be ready to blitz scale. As you know, Reid Hoffmann's famous channel, Masters of Scale, points out, which, by the way, is a great program, but, if you're not ready, you can crash and burn big time. That's a good point. You know, I have conversations a lot with a lot of senior people, one of them Theresa Carlson, who runs Amazon Web Services Public Sector Cloud business, she talks about doing the hard work upfront. And, you know, she's using public sector, so you have to get those kind of certifications, it sounds like this is a lot of things that you had to do. How did that test your entrepreneurial spirit? I know you, and you're hard-charging, but you're pragmatic and we can see that. But taking the time to do the work can sometimes test the patience of the team and the entrepreneur themselves. What's your reaction to that? >> Um, I would say that, you know, when we started Poshmark, the mission was that can we serve a hundred million people. In the country, you know, not even around the world. In our way we have 40 million people. From day one what we saw was deep engagement in the platform, because of the level of usage we had, because of the level of, sort of, activation we had, we knew we were on to something. I'll share a small episode with you, which convinced us that we've touched a deep nerve within the community is, in May of 2012, we were barely, you know, six, seven months into our app being launched in the public space, and we had maybe five or ten thousand users. At that time, we were adjusting our shipping for the first time, and uh, literally we announced the, we had launched the product with a small discount on the shipping, we were going to take it back, and we just said, you know, we're going to take it back. We got 200 plus emails which ranged from, you know, you're going to take away my entire set of clothing, and my entire business and we barely thought we were even launched, and so we knew we were servicing something very deep. That commitment to servicing the community where you are, really helping people at a deep level, allowed us to ride through these crazy ups and downs. And there was a point of time we went along the valley, even though we had the initial funding, in the mid stages of it we got over 200 rejections in the paradigm; sometimes multiple by the same investors. And so, it was definitely not a smooth ride in the middle of building this company. But that sort of passion for community and what they were experiencing kept us going. >> Let's talk about People First and venture capital. And one of the things I'm impressed on with this program we're doing with Mayfield is, and theCUBE has newer effect as well in the community, it's a people-centric culture. We lived through the social media early days when social and democratization was happening. More than ever now, you're seeing the role of people, because we're all connected. So there's rapid communications, there's frictionless, for people to yell and/or raise their hand and give accolades as well. So you have now a social dynamic with the fabric around the world. People can transact and communicate, complain, you know, applaud. This is changing everything. How is that change your outlook on life, because you have to recruit people, they want to work for a company that's people-centric, they want to work for a mission-driven company. These are the new dynamics we're starting to see in this generation; how has People First impacted your core mission? >> So for me, life is all about people. This company's all about people. We serve people, people is one of our core values. And my connection with Mayfield, which is through Navid, started back, actually, in my previous company. At the very beginning of that journey, '04/'05, uh, and we tried to partner up but the timing was never right, so when we were starting Poshmark, Navin was the first one with a term sheet, even before he'd sort of seen the business idea. And to me, that was a huge belief in me and the team I could put together. And I have the same sort of feelings about the people we bring on into the company, where uh, many of my team members here, including two of my co-founders, were involved with me in Kaboodle. One of them was a co-founder in Kaboodle. The first 20, 30, 40 people, I think, in the company, are still here seven or eight years later. They were people who are now playing very senior roles in the company, where they've gone through their ups and downs and we are always behind, two or three people left and we recruited them back into the company. So I think at the end, life, anywhere, but particularly in today's world, is so much about people and relationships. And it's the same thing we did to our community. I mean, uh, we just finished our sixth annual user conference, which was six times bigger than our first one. What was amazing was, they were so many people who were there in the first conference who had been coming to all the six conferences, and they are now like mini-celebrities in the community. And so, it's just amazing to see how a focus on people can be both rewarding at a business level, but also very gratifying at a personal level. >> It's nice to see you hit that tipping point. Congratulations on your success, it's great to see. You're a great entrepreneur. I want to ask you the question around funding, because I know, we've both been through venture capital fundings, we've been through this point building this great company you run now, and you've actually hit massive growth to a whole other level, your challenge today and going forward. This is, given it's Mayfield's 50th anniversary, you've seen a lot of changes in venture capital. A rounds used to be A rounds, now there's B and pre-C, there's all kinds of nuance, and now you have alternative funding now and global landscape you're seeing block chain and cryptocurrency, although ICO's have taken a bath because of the regulatory issue. Issues around regulation, some scams out there, actually. But venture capital's been tried and true. What's changed in venture capital the past 25 years in your view? >> I think, two things, which have happened, particularly in the last seven or eight years is there's a lot of it. And secondly, it favors the mighty more than the weak. And so, those are sort of the two big changes that have happened in the venture capital business. I think you were just mentioning is the people I used to work with, a whole range of investors, are now investing in post-growth stage funds. I mean, the same company. So everyone is sort of leveled up and leveled up and then leveled up, you know? You see venture capitalists raising two, three, four billion dollar funds; I mean, that's not venture capital, there's no way you can deploy that at the venture stage. A company is staying private much longer at different scales, which I think is probably more sort of a sign of the times. And finally, I think, it is the metrics and the scale that your business can achieve, that these are obviously very aware of, is an order of magnitude bigger than it has ever been. In fact, sort of, in some ways, unicorn, being the unicorn is uh, as sometimes as people joke, sometimes an insult. You need to be a deca-unicorn these days. So the feeling of not being enough is constant. >> And that's challenging, too, for the venture industry, because, you know, there's still the classic building blocks of entrepreneurship and venture architecture, which is, you start with an idea and you get a prototype, and certainly it's easy to get on the Cloud computing certainly, a great win for the entrepreneur; so I can see maybe some acceleration. But at the end of the day, it's still the classic blocking and tackling with building your company. >> Yes. >> Building a durable company. >> Absolutely. And you and I have both seen the '98, '99, 2000 timeframe, you know, everyone believes nothing repeats, and, you know, we certainly see, maybe not exactly the same thing, maybe it's an order of magnitude less, but there's definitely some level of exuberance we see today. But if you're building a fundamentally good business, that has robust economics, that can scale, and is based on foundational principles, with a large sort of market, I don't think that we are wrong in terms of deploying massive amounts of capital up against it. But at the same time, um, I think it also creates certain socioeconomic, as well as responsibility challenges, that I don't think we are fully facing up to, as an economy, and as a Valley. >> You've raised over a hundred million plus, so you have done some funding. A lot of funding, you have a lot of cash you've raised. When you had to go through those exercises of looking at the fundraising, 'cos, you don't want it to die on the mind, you're building a durable business, you have to go through multiple rounds of fundings. What were the key decision points for you as you started to look at this fundraising process to build your business? >> See, in the early days it was literally just about survival, I mean, there were times where I ran the business on negative balance sheets, right? So it isn't that it's been easy. I was only, I would say, the last funding round was the one that was easy, where we got multiple term sheets proactively, and the first couple of them. In between--. >> When things are scaling things are great, you know? >> In the middle of it, every single round was effectively zero to one term sheets. Every single time. We were lucky to have Mayfield as a partner, and some of our early investors like Inventus and Menlo who sort of supported us through each of these pieces of the journey. Mayfield as an anchor point. But it was really, really hard. And part of it is that, what we were doing was challenging, so many things still are, that even to process our cohort data is hard. Do you think of it as used, do you think of it as buying, do you think of it as selling, what is it? It looks like a bird, but it moves like a plane, you know? What is it? It's Superman or Superwoman, right? So that being a challenge, uh, only in the last round did we have the freedom, we could raise no money, some money, all of the money, and um, most of the focus for us, for that capital, was really to have the deep pockets that would be required for global expansion. We had actually scaled the business, at that point in time, that we didn't need too much money for domestic expansion. And in fact, not only have we not touched any money from that round, we have not touched any money from the previous round, so far; most of the money from the previous round. And so, again, part of it is you need muscle to compete in a bigger world, but at the same time, if you build a fundamentally sound business, then over time you can scale with or without money. >> And you got SAAS, sellers and service, and network effects booming and great community. That's a great tailwind for you guys, for sure. >> It is a phenomenal tailwind, and in fact, um, I was just in my management team meeting this morning, and I said, you know, we are growing, but we can grow even faster at this point, because the level of network effect we are seeing in the community is an extraordinary effect, where there's sort of second order; our community is opening up Instagram accounts to promote Poshmark to sort of go out to YouTube, so there's sort of this wild, organic movement that's happening across the country, which is just bringing out a whole different level of growth that we've ever seen. >> Yeah, there's a whole new dynamic it seems. It's interesting, I'm seeing, and not a lot of people writing stories about it are documenting it, but Masters of Scale has a whole different perspective, but no one's really talking about something that you guys are touching upon, and we're seeing it in our business. Creating an environment that has network effects, and community, and good content in this case, product for your end. Um, creates a flywheel. And what's interesting is, in this new era of people who can create value, with the ability to capture it, is really a unique formula, and I think this is the new kind of management discussion. Certainly lower prices, increased value, that's an Amazon effect. That's a, lacking the words, good example, well-documented, you do that, you're good, you're doing it, but now you have the ability for people to create value. Who can then capture it. This is almost a whole 'nother big wave. Your reaction? >> I think the power of people today is at a very unique level, right? And it can go in the negative direction, but when you harness it from a positive perspective, it's phenomenal. And to me, you know, we've started added a fifth core value recently, is that at the end, the true happiness comes from service of others, right? And if you service everyone, in our job, you're servicing our community, who's then servicing other people, and that creates an amazing sort of paradigm. And if you remove the conversation of money, because it's taken care of, it's built into the platform, then it just keeps sort of circulating. And I think that's something that people underestimate. And one of the things that you, you know, you see is that, for example, open source software, right? You start by focusing on community and then it becomes all about money, and then you forget about the community and you see many of the larger open source companies slow down, because they forget the fact that what brought them there was the community. And to me, I think--. >> If they get greedy, the project's fail. >> Exactly, exactly. And so, the hardest thing at scale to balance is how do you make sure that you're still focused on the community? >> Great stuff! Final question for you. You know, these days, with venture capital, the question always is, where's the value at? Talk about your experiences with Mayfield, and what differentiates a value add versus a value subtract investor? When should an entrepreneur feel it? What's the tell signs of someone's got a value add, and partner is not? >> I think, I think Mayfield is so aligned in so many ways with our core values, which is focus on people and focus on service, that it's just been an amazing partnership with them. You know, even in our lowest moments, I knew that we would get funded; I didn't know how it is, because I knew that Navid and Mayfield would figure out a way, so I never sort of worried about the capital after I brought in Navid and saw him in action for a year and a half. And if you're a venture capitalist, you need to provide capital! And forget about any of the services, many VCs fail that one task, which is to provide capital when you most need it, right? But beyond that, it's been a great resource. I mean, I met my co-founder through Mayfield. Tracy and I were first introduced via Mayfield. Many of our recruiting of the top executives have come from Mayfield, but they're always available as a sounding board across the pieces, so I do think that they take their service paradigm to a whole new level. >> And they support you, too, right? The support's there? >> Support and they have an HR partner who's helped, I think, with some of the recruiting issues, hiring the recruiting partnerships, et cetera. PR, other areas as we needed it. Somebody that you could call on, too, even if it was just talking about searching for a general counsel, and Mayfield has been great, even in that. Help, at this late stage of a company, so it's fantastic. >> It's a great network; people, value, paying it forward. Manish, thanks for coming on, sharing your insights, here as part of theCUBE's 50th People Network with Mayfield. Thanks for sharing your experience. >> Thanks for having me! It's been a pleasure and joy to see you after so many years as well! >> This is theCUBE here on Sand Hill Road at Mayfield for their 50th Anniversary as a Venture Capital Firm, sharing insights and ideas from entrepreneurs, and tech executives. I'm John Furrier, thanks for watching! (electronic music)

Published Date : Dec 3 2018

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From Sand Hill Road, in the heart Great to see you, thanks for spending the time today. And it's great, we were just talking about our early in entrepreneurship, but if you look at the time And now, in the days of, you know, iPhone Excess Max and the experiences that you're delivering. and you have to bring in your inventory, So you're really helping people, enabling them to be and Cloud technology, you see the rise of all the scale. At the same time, what social media's And so the new consumer expectation is instantaneous, especially in the stylist world, where you have all this, in the next few years, because, once you have sort of There's a lot of things you said in there, I think, The, almost the answer is put the pedal to the metal, And in the first year, it was all about getting in the process, but if you haven't created In Cloud based businesses where you have network effects, and just, the data would get lost in other things. But taking the time to do the work can sometimes test in May of 2012, we were barely, you know, And one of the things I'm impressed on with this program And it's the same thing we did to our community. It's nice to see you hit that tipping point. And secondly, it favors the mighty more than the weak. and you get a prototype, and certainly it's easy to get And you and I have both seen the '98, '99, 2000 timeframe, of looking at the fundraising, 'cos, you don't See, in the early days it was literally just about only in the last round did we have the freedom, And you got SAAS, sellers and service, and I said, you know, we are growing, but we can grow but no one's really talking about something that you guys And to me, you know, we've started added a fifth core value the project's fail. And so, the hardest thing at scale to balance What's the tell signs of someone's And forget about any of the services, Somebody that you could call on, too, here as part of theCUBE's 50th People Network with Mayfield. This is theCUBE here on Sand Hill Road

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Prakash Darji, PureStorage | CUBEConversation, May 2018


 

Right, welcome to the studios here in Palo Alto. I'm John Three cohost in the queue. We here for Special News Conversation with Prakash, dodgy general manager of the flash array business at pure storage, some exciting cloud news for pure storage. Great to see you prakash. Thanks for coming in. Thanks for having us. So you guys got some big news. So I'm excited by this because I've been ranting and raving about how cloud native has been impacting the enterprise. It's pretty well documented that everyone's going going cloud operations. You guys are announcing a kind of a historic milestone for pure storage in that you guys had been doing great on the storage side within covering new since inception, but now as you guys continue to grow, you now have a new offering that's in the cloud. This is new for you guys. Talk about this announcement. What does it mean? You're an on premises storage, has done great to grow. Has Been Amazing gun public that now with the cloud growth you have a cloud offering. What's going on? Well, interestingly people were looking at storage for performance, cost and reliability reasons. That's kind of the three holy grails that you know, everyone expects out of storage. We added a fourth dimension in simplicity. Storage didn't need to be hard, and that's kind of the brand of pier and as we took a look, there was a fifth dimension that we realized was somewhat missing. While we made things simple. We didn't have the agility that public cloud offered. So as we were taking a liquid like, okay, public cloud brings to this instant available capacity, agility model, but do you have to trade off on the other dimensions? Performance costs for liability or simplicity, and our goal to bring customer value was to avoid tradeoffs. So why would you have to trade off on any of those dimensions? And then the second piece was why do you have to choose? Why do you have to choose between on premises or public cloud? And if you make the wrong choice, how do you have freedom to move? So the problem set that we were trying to address was that unification across all those dimensions, the onboarding of agility and frankly the ability to avoid people having to choose between them and use the best of what's available. Where know, I think you nailed something important that I want to get into the why you guys are doing this little bit deeper, but this notion of tradeoffs is an old it kind of philosophy. I got to trade this off to get that. Whether it's, you know, I want compute and stability or flexibility, agility, but with cloud and cloud operations, the operating model now is you choose, as you said, so this cloud operations on premises and cloud has to look the same. This is what we're hearing from Ceos and practitioners, cloud architects, they're re architecting their enterprises now because you know, the, the three main of it, storage, networking and compute never go away. It's just changing. This is a critical, fundamental piece of the architecture of it operations. Why now? Why cloud was the customer demand? Was it a natural progression for you guys? Explain. Explaining the why now. Well, I'll start with not the storage computer networking, but what they're used for and fundamentally the world's using those three dimensions for long, one of two sites, either building applications or building automation. That's kind of the two major trends in the industry. Now if we take a look, if you are running an application, primarily you would choose am I running it on premises or in the public cloud and as as the journeys emerged like public cloud probably introduction of as around 15 years ago, but initially there was this enamored. Everything's going there and then people settled down to some things will go here and some things will go here, but we believe that's a middle state where people are actually trying to do is deliver applications that solve problems and we believe that future is a hybrid application. Now, what is a hybrid application today? If you've got an on premises finance system, should you be able to use ai algorithms from Google's cloud? They book journal Entries for month end close. Let me, because it's now not a choice of am I using pads for the. That doesn't mean the whole application needs to sit in platform as a service. You should be able to use the best capabilities of what's available, where the same way today, anyone who is selling anything and using salesforce crm needs to ensure that what you've sold is booked in a finance system. That could be an sap finance system on premises, so what is the APP? It's an APP without borders now and these are modern day hybrid applications now coming and bringing that down to compute storage and networking. Trying to bring that together and actually deliver that in a consistent and operational way is difficult. It's a difficult across your application architectures. There are different. It's different across your management, even your consumption and how you bill cap ex versus Opex, but the big difference is that the storage layer, because the application architecture on premises relies on your storage for your reliability, but in the cloud they've actually moved that reliability characteristic to the middle tier. You're sharding and doing scaleout distributed application because you can't rely on the same characteristics out of your storage and we found this as an opportunity to bring these two worlds together. We call it the cloud divide. Talk about the cloud device. I think that's important because one of the things we talked with a lot of the end user customers, your customers and others, their challenges again, to focus on the outcomes that they want, the application that's going to drive their and and the value, not so much what the infrastructure, they have them create an infrastructure to enable that. What is this cloud divide when it comes to storage? In your mind, what did you guys discover? What were the key pain points? What were the, what was the customer's telling you around what and what is the cloud divide? No. Uh, the cloud divided, coming back to it is how you deal with applications, how you deal with management and how you deal with storage different between the enterprise in the cloud. We like to say the enterprise is not very cloudy, meaning you don't have instant available capacity in the cloud is not very enterprisey. Now what does that mean? What do we call enterprise? And there's a how it works with the rest of my landscape, what the API is our, uh, what the reliability characteristics, our performance and cost characteristics are also different. So if you want to adopt public cloud, you have to go ahead and say, I got to do a hard left, right? Because you're kind of going down this way and you got to choose a different path. And if you choose that hard left, you're now stuck on that road. It's a one way road. And we're trying to do is say, you know what, what if we could bridge these environments, like let's dig into the application architecture on the cloud divide. Pretty much people are using scale up or scale out as application architectures and then they're deciding, you know, vms or containers yet a, that those are common application development paradigms. What if you could use either one anywhere, right? Those technologies. Now, if you look at what vm ware is doing with Vm ware cloud and you look at what kubernetes is doing across on premise and cloud, there is now a unification happening at application architecture across management. What if you could have a seamless api in a seamless pane of glass around how you manage your applications? That's emerging, but as we looked around, no one was unifying the storage paradigm and actually that was the hardest we we thought that to unify the hardware or the storage paradigm, you have to build a data centric architecture and that's what we've been focused on doing. We've introduced our concept of data centric architecture a year ago and we're now extending that concept to the public cloud. What I like about what you guys are doing here, and I want to get your thoughts on this because this is. I think the trend that's really big in here is that you guys have been great storage provider since again, since inception can been following you guys and you have hardware and hardware has been a rack and stack kind of enterprise paradigm enterprises. We've got gear, we protected, we secure, but now with public cloud becoming more secure and more mainstream and with the Dev ops application environment developing. You mentioned the ems, the containers and Guth Coobernetti's. You're now having an operating model that's changing. You guys are doing software, so it's not a boxer. You're not shipped boxes to Amazon. They have stores. You got s three right out of the services. You're now extending the software component of your business. I want you to take a minute to explain for the people that might not know the extent of the software business at pure and specifically the cloud component software piece. It's not hardware and software, but it works with on premises. Talk about that dynamic of software in the cloud and the impact of the on premise piece of it. Well, I'll rewind a little back intel. What peers been known for peers been known as kind of this all flash company, but if you unwind that. When I took a look at it as I've joined pier actually about six months ago, what I realized is the unique skill that peer has is software engineering. To get the best out of any infrastructure that you give it. The medium happened to be flash initially, so what we've built with our direct flash and NBME and a lot of the advancements in our software has been to deal with the flash medium, but the core skill in Ip we have is software development to get the best out of a medium. What we've introduced is another medium. This medium is infrastructure as a service. We treat that as another medium and we believe that we're uniquely qualified to get the most out of that medium, which is the cloud. Alright, so I want to get into the infrastructure piece. You guys are well known for being a cloud, a data infrastructure component or data infrastructure. You mentioned the history of flash storage has been a great place to store data on premises. When you get into the cloud, you guys call this cloud data services and I'm going to get in another video on that, on the details of that, but when you hear about cloud data services, but pops in my mind is more is coming. You need to store it somewhere. You have to manage that data for applications, hybrid applications. You need to store the protect that data. You need to make that data available. They'll be able to recover all the same things that get done with data in the past on storage has to happen at a whole nother level. Describe what is cloud data services mean? What does that mean to you guys at pure and what does it mean to your customers? If you back up a little bit where we started and where a lot of our initial customers were at where sas customers and what we delivered to them was what we called cloud data infrastructure. That cloud data infrastructure allowed some of the largest sas companies, either consumer or enterprise to go ahead and use peer to build their sass applications. Companies like service now workday, those types of companies, but what was missing was how do you get that same value on infrastructure as a service environments, aws, Azure and GCP. So what we realized was the consistency model was not the same. The apis were not the same and you had to choose or not. And so our cloud data services are a set of services that give you, for example, the same block storage that you had on premises in the public cloud, gives you the same Api. And from a management and operations standpoint, we have pure one which is a cloud data management solution where all of your data, wherever it sits, because as you said, data is growing. You can see all of your Ras. It was interesting as we built the software, uh, when we first built it internally, we realized that hey, we went into pier one and we see all these storage volumes, but we didn't know which ones were on premises or cloud because our software is the same. We actually had to do some engineering to make it look different. Like, Hey, let's color the cloud volumes different. Or we had to actually think about that because we started from the place of driving consistency. And then we've extended the cloud data services dead. Go ahead and say not only can we allow you to run in either place, but how do you extend that to data protection? Because today, as you mentioned earlier on premises, people have workflows for backup and data protection and initially those workflows could have been disk to disk to tape to truck and we see that there's now a more modern way where you can do flash to flash to cloud where you can have your primary mission critical applications and flash and if you want one hop for backup, people looked at backup as an insurance policy. What happens if something goes wrong, but what's really important is when something goes wrong, how quickly can you recover? So providing flash in that second medium and then third, extending the step for cost optimization by leveraging public cloud in s three allows us to drive a consistency model and we can drive that same workflow on premises or in the public cloud. So the consistency to me, I should maybe put you on the spot here. So and consistency. Are we talking about if I'm a pure customer and I'm running pure on premises and I'm using, I'm using all the management something pure one, all this other great stuff and I want to use cloud. Does my job change at all? Does it look the same? So as a dashboard into the storage and the data because I want, I want, I want persistent data, I want ai and I want analytics now. Now I've got cloud going on. There's a lot of things out there, sage maker, tensorflow on the AI side. Lot of things. Goodness out there. What changes for me or does it change and how do you guys solve that problem? Because what I don't want is I don't want to have to hire developers to go do an integration with Amazon and Azure and Google cloud. I want to have a single consistent environment. Do you guys provide that from a data standpoint? We do. So this is a journey because when you start, you need to ensure that your data consistency and management across all of those environments, aws, azure and Google and on premises is the same. So we're introducing our solution cloud data services on Amazon first, but we are planning on extending that to the azure and Google environments in the cloud standpoint. So let's take Amazon. So I said, hey, I want to use some of that cloud. I just go to Amazon. It's extensible, fully extensible as if I'm using pure cloud formation template on Amazon. You just go in, it's there, you can pick it up, you could choose it, use it, and then what really is the difference is your platform services at a higher layer, maybe a little bit different because some of the things you mentioned and the pads are Amazon specific. Yeah. So if you start using pads services, it could impact your application development architecture, but the good news is if your goal is to drive the ability to use, what's the best thing that's available where as you take a look at evolutions in Vm ware, cloud and Coobernetti's combined with our cloud data services, you're now able to put together a use. Best of what available wherever you guys. I mean that's the. That's the application side. So you guys are providing a consistent layer for the data and the storage. Absolutely. That's going to. If I'm building an Amazon as a developer, I'm going to use those anyway. So it's not like it's a dependency per se, it's just you're going to allow for those hybrid apps to run across premises and in cloud and all the data takes care of itself. Right? It's like they get that, right? Yeah, and what's great about it is we've learned some things along the way. For example, we've been trying to get the best out of the flash medium in the past by enhancing performance characteristics or efficiency characteristics for cost optimization. We can bring some of those same value props to the Amazon world. So if you need to aggregate iops, we can do that. If you need to go ahead and drive efficiency, we have techniques to drive efficiency around thin provisioning. Those types of opens up more use cases for the customer to add more policy based things to their application. It makes data programmable. Well, it's interesting. There was one customer that we were speaking to a as part of our alpha usage and it's a online education company. They do curriculum development and that type of thing and they brought this use case to us. They have their APP that they've built for their curriculum on Amazon and then they want to take a lot of snapshots. So what they. One of the technologies, we have his space saving snapshots so they're like, oh, that'd be great if I could use your cloud block store data service on Amazon that way. But then they thought about it and they're like, well, every time we develop a new curriculum we have to send a snapshot out to a different location and site and what we could do is set up a your hardware in a direct attached way to Amazon because your software is the same. And we have active synchronous replication technology where we can now synchronously replicated between the public cloud and this private hosted direct attached diversion. And then they can do work here or even take snapshots from here. And the reason they were doing it was go ahead and say, use that space saving snapshot to reduce their overall cost profile on exports. That's a great example of cloudifying being cloudified, but more options. This brings up the question about competition. How do you guys compare to the competition? So you guys are. It's the first move for you guys in the cloud, within this operating model, which is consistent, you know, pure on premises and the cloud, get the consistency, loved the agility of the ability for applications and get all that goodness. What about the competition? How do you guys stand versus the competition? Well, when we take a look at what was going on, I think a lot of people wanted to check the box on cloud. So let's throw something out there and you know, see how people use. As we've done this market introduction, we've been very careful about that because peer has a certain brand reputation around when we say we're going to deliver some of these characteristics, we deliver and deliver those characteristics. And we didn't want to lose the value proposition of simplicity and agility. So as we launched this, we didn't just say let's throw it out there and see what happens. We did it with the deliberate intent of saying we want to provide agility is a characteristic that people could use and we want to deliver that agility with the same simplicity that they've come to know and love with peer. So those are the principles that we're focused on and as we take a look at the competition, you know, they've thrown their software out there but we don't see that it's been broadly adopted and then they're still the tradeoffs of should I go on premises or public cloud so they're stuck in the divide and that they're in the storage or the cloud, divide on premise, different operating models. And our goal is to really enable that replicates those guys are stuck on the divide. Yeah, and if you think about these hybrid applications that we see the world moving to think about it this way, the world's evolving where you're going to have more application to application integration. Gone is the days where you're going to have one monolithic application doing everything. So what's evolved is the application to application integration is exponentially growing. Now, if you assume that if you need to do a production to Dev test copy, do you need to do it for one app or for that entire set of apps that you treat as one monolithic entity because now they're all connected. He otherwise you have to decide, okay, I'm snapshotting this one and then I got to choose this one and I got to choose that one. So you, there's now a need to go ahead and consolidate a lot of application workloads and treat the management and operations of that as a unique entity. So hybrid apps are actually making you rethink how you deal with management of compute networking and storage. Yeah, I think that's a great example. I think application to application integration and totally agree with you is going to be happening at a much accelerated rate, but it changed the role of data. The role of data is central to that because as you mentioned, that other example, if you're doing a financial app and you want to use some ai from a cloud over here, the best tool for the job needs to be integrated in seamlessly and storage. Should they be part of that conversation? It should just be stored somewhere. That's what you guys are doing with this announcement and you guys are bringing that to the table. Um, so I got to get. I guess I'll ask you the final question here because it's exciting news. You guys are cloudified it made it. He bridged the divide on the storage cloud storage divide. What's the bottom line for this announcement? As you look at this impact to customers, what's the impact to pure customers and what does it mean for prospects that aren't yet your customers? What's the bottom line? This announcement? Well, I'll give it to you. For me, each perspective for our existing customers, this adds the agility tool set to their bag of tricks they've got and it does it in a way where they can start, get that instant available capacity and if they want, they can go ahead and now start benchmarking across both environments without having to re architect because the kpis are the same and for net new customers and prospects. It's interesting. As we speak to customers, we find that people are on a different educated education journey in the public cloud. Some are already using the public cloud and as we've been discussing this with them, they're like, hey, this could improve on some of these characteristics. Either I have performance challenges, cost challenges, reliability or manageability challenges. So we find that the customers or the prospects that are most educated or the ones that have already leaped, right? They've jumped in the pool and now they realize, hey, you know what? The water's cold and I need something, and there's another set of customers that are still haven't jumped in that pool. And what we're saying is for those customers, you have to make a choice. Right now you have to decide between multiple public clouds, you have to decide between on premise and what we're doing is we're de-risking that choice by allowing them to get the best of what's available where and most importantly ensuring that if they've chosen, if they've chosen something but one of the other choices evolves or matures to be a better option for them, they have the ability to move and I think also the focus we hear from the practitioners that they are investing more and more of their time and energy on building applications, hybrid applications as you're calling them, ones that are going to be a in the cloud or on premises, but solving a problem. They want to shift their resources and attention from mundane storage admin like maintenance problems and make the storage invisible to them. So the developer that they said, I know my thing's working great in the cloud. One of my apps are productive. My developers are programming and the storage resources are invisible and it's never a headache. That's kind of what you guys are getting at here. You're making storage pervasive and important to the developers and the it so that it kind of goes away in their mind, isn't it the sleep better at night, Kinda well, take Kubernetes, for example, um, a lot of application developers using it, but storage is not necessarily transparent. We, six months ago we introduced a pure service orchestrator that made storage transparent, so you have a block file object interface you, you just call and use storage, spin it up, use it as you need and let go, but you should not have to worry about, let me go phone someone creative volume decider either. So you need that transparent and elasticity and we've been focused on delivering that and now few modernize were kind of application development is going, we can provide that. It's always on. It always works. It's globally consistent, it shared, and it's easy to manage from wherever you're saying progress. Thanks for coming in and sharing the news on the new hybrid cloud applications that are hitting the market. Of course, having the right solutions and having the cloud data services available from pure storage. I'm here percussion, just general manager of the flash of rapists and pure storage. This is a special cube conversation. I'm John Furrier. Thanks for watching.

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John Zimmer, Lyft | Mayfield People First Network


 

>> From Sand Hill Road in the heart of Silicon Valley, it's theCUBE. Presenting, the People First Network; insights from entrepreneurs and tech leaders. >> Hello everyone, we are here for CUBE conversation in San Francisco. I'm John Furrier with siliconANGLE media theCUBE. We are in San Francisco with John Zimmer, who is the co-founder of president of Lyft, the famous ride sharing company that's dominating the world and changing the game in transportation. We all use Lyft, we love it. John, great to see you here for this People First Network special conversation. Thanks for spending the time. >> Thanks for having me. >> I know you're super busy, you guys are growing, billions of dollars in raised capital. You guys are growing like a weed on a rocket ship. A lot of things happening. But, you know, it's interesting, you guys are not that old of a company and the growth has just been fantastic. So, as you continue to ride the wave here, there's a lot of lessons that you've learned. So, tell the story about how you guys got started. You and your co-founder have a great relationship, and this has been a part of the culture at Lyft. How did it all get started? >> Yeah, so I'll start with Logan, my co-founder. He grew up in L.A. surrounded by traffic and he hated that. And he wanted to find a better way to get around. So when he went to college, he went to UC Santa Barbara, he did not take his car. He rode the bus, he car pooled, he had friends with cars. And then he went to start a car sharing program before Zipcar was around on college campuses. He got the attention of the local transit board, he got elected as the youngest member ever on the transit board. And he fell in love with the promise of public transportation. Affortable, accessible transportation for everyone. But frustrated by the reality that it was dependent on tax money. So, he wanted to create a better solution and he started coding his own website, named Zimride, named after a trip he took to Zimbabwe, for long distance car pooling. My own journey was I was on the east coast. I did not know Logan, was in love with hospitality, making people happy through great service. So I went to Cornell Hotel School, I took a city planning course, and I saw that the most important hospitality experience we have in society today is the city itself, and yet unfortunately we've designed cities for cars, and not people. What I mean by that is most of our cities are paved over. There's roads, there's parking lots, and if you design a city instead for people, pedestrians, safe places to bike, and don't need people to own cars in order to get around, then you could have a much more durable place to live. So we came together in 2007 to work on Zimride. And then a few years later, in 2012, we launched Lyft. >> So this is a transportation problem, ultimately, to solve. But the itch you guys were scratching was just the need for transportation. You saw it as more of a convenience thing as well. The hospitality thing kind of comes together, boom, Lyft is born. Then you guys enter the market, and the transportation problems are still there, and then you have the growth of mobile, so sort of a perfect storm coming together. What is the biggest challenge and exciting things that you guys see in this transportation scheme? Is it it's antiquated and inadequate? Is it a technical thing? What are some of the challenges that you guys are exited about? >> Well I think the biggest thing is this fact that the American dream has almost become, or been, historically, synonymous with a car in every garage. And that everyone should own a car. And that was your sense of freedom. But the reality is not quite that. American families spend more on their car than they do on food. It's the second highest household expense. A new car costs, on average, an American family $9,000 per year to own and operate. And so, there's a lot of ingrained behaviors, and designs of cities so that it does cater to needing to own a car. So we're trying to break that down piece by piece and making progress. But we're about 1% of the way there. >> Yeah, it's a cultural change too. But I also want to get to that in a second about culture, both with Lyft and and into your audience, which is the cities and the environments you guys deploy in, but also the users. But the founding and the story of you guys growing is interesting, because startups are all about execution and culture. You've had an interesting relationship with your co-founder. And this is the secret sauce of startups. It's documented somewhat, but it's a people first mindset, where you get a good team early on, you kind of feel your way through those first couple of years. Talk about that relationship with the founders, because this is something that's important. It's not just a number on a cap table, it's a little more than that. Talk about the relationship. >> I mean Logan has become my best friend. We actually carpool to work, still. Almost every day. And we weren't friends prior. So, a lot of times you have friends that start a company together. We were two people that were incredibly passionate about our mission, which is to improve people's lives with the best transportation. So we shared this passion, we share this vision, and we're two completely different people. So our approaches were different. His approach is often product-oriented and my approach is often hospitality-oriented. And the fact is, for transportation, you need to combine those two pieces. So it worked out really well for us. So I think having a co-founder is a massive advantage, because you can have two different people and then you want to find the thing in common, which is the thing you're fighting for, within our case the mission. >> How did you guys work together to play off each other, to get that innovation spark. Because when you get into the ride sharing, certainly it's a brand new category, huge demand, and there's a lot of build up, a lot of things you've got to stand up for the business. At the same time, you also want to differentiate and be innovative. You're kind of a first mover, with Uber, these guys are out there too. You guys are building a business, and growing really fast. So, how do you guys nurture that innovation? How do you put a twist on it? How do you keep it alive, versus the blocking and tackling and standing up the basic business activities? >> Well I think because we, you know at the beginning, we created a new category. We're the first to do peer-to-peer ride sharing. Uber existed, but they were doing cabs and limos. And we said, that may work for 1% of the population, but we wanted to use this under-utilized asset, which is the car that's sitting in everyone's parking spot or garage. And so that DNA of innovation, that DNA of being the underdog, the challenger, has always been true to us, but also the people that we we've brought on and hired. People and the hiring is something that, over the last ten years, is probably the one activity we've spent the most time on. Because that's the best way to keep those values, keep that focus on vision. >> And certainly these days, people want to work for a company that has a purpose. And that has a mission. When you hear the word people first, what pops into your head? >> Obvious. It just feels, in everything I've tried to do as a person, whether that was studying- like hospitality is the business of people first. How do you give people a great service and a great experience. And so I think often times, when people think about technology, they think about the what, which is I made this phone, I made this device, or I made this app, when way more important to that, is the why. Why did you do that? Who are you doing that for? And so we try to start everything we do with the person we're trying to- you know our mission is to improve people's lives with the world's best transportation. It's not to build the worlds best transportation. >> So that's your why. I was talking about how you guys scaled to a world-class organization. You guys have build a world-class team, certainly got great investors, Floodgate, Mayfield and then the rest is all on the web. You guys raised a lot of money, but you can't just throw money at the problem, you have to have that foundation and culture. How do you scale up a world-class organization? What's the learnings, can you share your perspective? >> Yeah, so first having clarity on the mission, which we've talked about, but also having clarity on core values. So we have three core values that have been true for a very long time. So, one is to be yourself. It also sounds very simple, like people first, but a lot of corporate environments have made spaces where people aren't comfortable being themselves, where there's group think, where people don't feel comfortable bringing their full self, and therefore their most productive self, to work. So be yourself, respecting the diversity of our team, has been critical from the beginning. The second is uplift others. So we use that both internally and externally. Life's short, we spend a lot of our time working. We might as well enjoy what we're doing. Again, all these values are both the right thing to do, make for a better place to work, and lead to better productivity and business success. And the last is make it happen. That's pretty self explanatory. Be an owner, go out and take action and get stuff done. And so with those three simple core values, looking for amazing, talented people, who also care about our mision. People are mission oriented, people want to care about what they're working on. And if you're fortunate to have a choice where you work, what we've seen is that people will follow a mission. >> Yeah, it's totally true. I can see that in culture here. And I've also seen you guys got kind of a cool factor too in the way I've seen some of your activations out in the marketplace. You kind of got a cool factor going on as well. But I think what's interesting, and I want to get your reaction to this, I think this points to some of the cultural discussions, just recently during the elections I saw you guys really wanted to make an effort to help people to get to the polls. Here in California, the disasters of wildfires are really tragic. You guys are doing some work there. This speaks to the culture. You say, hey, Lyft's available, and you're helping people out. Talk about what that means to you and the team here, and the culture at Lyft. >> Yeah, at the end of the day, when we look back on the work we've done, we want to make sure it has improved people's lives. And when we see opportunities to take our ability to provide transportation that will benefit people in a meaningful way, whether it was, you know, in the last- not this most recent election, but in the last election, in the last presidential election, I believe it was about 15 million people listed transportation as a reason why they couldn't vote. >> They've got a way, hey! >> Yeah, let's solve that. We can. When you think about unfortunate natural disasters, if we can help people get to safety, or help a horrible situation, then we should do that. I think that's just a moral and civic responsibility. It allows us to be aware and proud of the solution we've created, and I think it keeps our team extremely motivated. >> And I think it's one of those intangibles in terms of the mission, changing the transportation industry sounds academic and corporate. But here, you're changing lives by one, the voting, and two, saving lives potentially, with the disasters. So, great job. Okay, so what I thought, let's talk about the growth okay. I had a great conversation with the CEO of Amazon Web Services, Andy Jassy, a few years ago, talking about the early days of AWS. You have to be misunderstood for a while, and get through that early on, if you're going to be successful, because most big things are misunderstood. He also made a point about the key learnings during the early days. When you're trying to do stuff, things going so fast, that there's learnings that come out of it. And if you can persevere through it, that sets the culture. Share a story around something that you guys have been through at Lyft, where you persevered through it. It might have been some scar tissue. It might have been you got a little bloody, a little dirty. But you got through it and you learned from it. You applied it, and changed the culture. >> Well I think there's two main ones that come to mind. So, you know, people may think Lyft, in the last five years, has really come out of nowhere, but Logan and I have been working together for eleven years. And the first idea was Zimride, was long distance car pooling. And we built a team of 20, 25 people, we got this to break even. That's actually the company that Mayfield invested in, or the product. But it didn't have product-market fit in a massive way. It wasn't a massive success. And then so we tried to reinvent ourselves five years later, and that was Lyft. And at this point, that was a crazy idea. To have people riding in what everyone thought of as a stranger's other vehicle. And so that was a reinvention, an acknowledgement that the first solution we created did not fully work in the way that we wanted it to. The second was about four to five years ago, we wake up and Uber raises three billion dollars. And we have a hundred million dollars in the bank and about five months left. And everyone said Lyft is done. There is no way that they can survive this, it's a winner take all market, Uber is way more aggressive. And we proved that wrong. By focusing and staying true to our values and to our mission. By having an incredible team. An amazing community of drivers providing great service to our customers, we've gone from the early days of single digit market share to nearly 40% market share, amidst that pressure and belief that we couldn't survive. >> Game's on. Either rally or fold, right? It's a cultural test really. What's your mindset around the capital market. I know, I've done a lot of startups myself, I know a lot of fellow entrepreneurs, and when you raise that money, and you guys had that product-market fit, post the first venture, where you got through that. Then you get lightning in a bottle, whoa, let's double down on this. I want to go back to the early stages when you were thinking about investment. Was there any cautions around VC, cause a lot of startups have that conversation. What was the narrative for you guys at that time? Hey, let's go to Mayfield, should we raise money, should we bootstrap and make it cashflow positive. What was your mindset as founders, at that time when you were doing the venture round? >> Well, I think we knew that we needed a certain amount of capital to get to a scale that was interesting to us. So, not every business needs as much capital. But for they type of transportation infrastructure that we wanted to change, the type of scale we wanted to get to, we knew that it was important to raise VC money. So, money that was substantial and also understood the level of risk we were taking. So, at that point, we were fortunate to have a firm like Mayfield believe in us. And what we were looking for was people that care about who we were, cared about our mission, and understood what it was like to be an entrepreneur and an operator, not just an investor. >> What's the rallying call now for the team as you guys look out a6nd continue to have this growth? Obviously you guys cleared the runway in a big way. And there's still a lot more work to do, the market's still early. You know, you think about transportation and the regulatory environment and how technology and policy are coming together. A lot of forces out there, you got some tailwinds and some headwinds. How do you guys look at the future? What's the next mountain you're going to climb? >> Yeah, so, we've now done a billion rides. Since inception. And we're focused on providing a full alternative to car ownership. So I don't think people grasp that. The idea is not to provide an alternative to a taxi, or a late ride home. It's to completely replace car ownership. And so, we are 1% of the way there. Those that are joining our team and our mission get to be there for the 99% rest of that. And at the same time, as we go towards the next billion rides, we want to stay focused and rally around the individual stories behind each ride. So, every single week, we have over ten million rides happening, where two people are coming together. They could be two people that helped each other have a better day. They could be a Democrat and a Republican sitting next to each other and finding common ground. And so to us, yes we have big milestones and big opportunities ahead, but also care about each ride that's happening on the platform. >> And the other thing I love about your background in hospitality is you're bringing an experience as well. Not just math, in terms of the bottom line numbers. There's a lot of people doing the math and saying hmm, should I have a car? But I got to ask you a question. So what you learned at school, Cornell great school, great Lacrosse team, great Ivy League school, they teach you the textbook, the old hospitality. This is a new era we're living in. What is happening in your world that they don't teach you in the textbook from a hospitality standpoint? As you look at the experience of ride sharing and transportation for users, what is different, what's the twist in hospitality that has not yet been written in the textbooks, that you're exploring or thinking about? >> I actually think the old basics are more important than ever. There's all this flashy technology and opportunity to do it at larger scale, and to use data, that's new. To use data in ways that help inform providing great service. But, the basics of human interaction, communication, and treating people with respect, can get you pretty far. >> And happy customers, right? Final question, I know you got to go, I appreciate your time. Share a story or something about Lyft that people might not know about. First of all, everyone knows about your brass, you guys are doing a great job out there with the market share. But tell a story about Lyft, or something a datapoint, anecdotal piece of information, that they might not know about, that they should know about. Share an inside story or factoid about Lyft, that people should know about that they might not know about. >> I think it's really deep, deep in the mission. That people may not understand what gets us out of bed in the morning. You know, every time I have a new hire orientation, I try to talk to every new hire that comes to the company and really emphasize the importance of every driver, every passenger. And I read a story about a driver and passenger that really helped each other. And don't really want to provide the details because they're private to those individuals, but it's incredibly powerful to hear about. And so, I would just, we may look like a big company or brand at this point, but we care deeply about each individual that's on the platform. >> The fabric of society is being changed by you guys, really appreciate the work you've done, and congratulations, and a lot more work to do. Thanks for the conversation. >> Yeah, thanks. >> I'm John Furrier, here in San Francisco at Lyft's headquarters, talking with John Zimmer, who's the co-founder and President of Lyft, sharing his stories and successes, and a lot more work to do here at the People First conversations. With theCUBE, and Mayfield, I'm John Furrier, thanks for watching. (outro music)

Published Date : Nov 26 2018

SUMMARY :

in the heart of Silicon Valley, and changing the game in transportation. So, tell the story about how you guys got started. and I saw that the most important hospitality experience What are some of the challenges that you guys and designs of cities so that it does cater to But the founding and the story of you guys growing And the fact is, for transportation, So, how do you guys nurture that innovation? but also the people that we we've brought on and hired. When you hear the word people first, And so we try to start everything we do with I was talking about how you guys scaled to a And the last is make it happen. just recently during the elections I saw you guys but in the last election, the solution we've created, Share a story around something that you guys have in the way that we wanted it to. and you guys had that product-market fit, the type of scale we wanted to get to, How do you guys look at the future? And at the same time, as we go towards And the other thing I love about your background But, the basics of human interaction, you guys are doing a great job out there and really emphasize the importance of every driver, really appreciate the work you've done, and a lot more work to do here at the

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Bill Schlough, San Francisco Giants | Mayfield50


 

>> From Sand Hill Road in the heart of Silicon Valley, it's theCUBE. Presenting, the People First Network, insights from entrepreneurs and tech leaders. >> Hello everyone I'm John Furrier with theCUBE, we are here in Sand Hill Road up at Mayfield Venture Capital Firm for their 50th anniversary, their People First Network series, produced with theCUBE and Mayfield, I'm John Furrier, with Bill Schlough, the Chief Information Officer of the San Francisco Giants, CUBE alumni, great to see you thanks for joining me today for this People First Series we're doing with Mayfield's 50th anniversary, thanks for coming in. >> Good to be here, John. >> So, been a while since we chatted, it's been a year, A lot's happening in tech, you can't go a year, that's like seven dog years in tech, lot happening, you're managing, as the CIO for the Giants, a lot of things going on in baseball, what's the priorities for you these days, obviously, you guys, great social, great fan experience, what's new for you, what's the priority? >> Man, there's always something new. It's what I love about it, this'll be my 20th season with the Giants comin' up. And, it never gets old, there's always new challenges. On the field, in the seats, off the field, you name it. As we look toward next year, really excited about bringin' in a new video board, which we haven't publicly announced, maybe I just did publicly announce, we're breaking news on theCUBE today. So we're puttin' in a new video board, it'll be over three times the size of the one we have today. That's big news, we're doing a lot of exciting things in the ticketing world. The ticketing world is really transforming right before our eyes in terms of the way fans buy tickets. It's changed a lot. Once up on a time you could call a game a sellout, and we sold out 530 straight games at AT&T Park, but really there's no such thing as a sellout anymore I mean, at any point you can get a great ticket, so we have to adapt to that and change the product that we're delivering to fans, so making some changes on the ticketing front, the fan experience, the ballpark with the video board, and another thing that's changing a lot is the way fans consume our game when they're not at the ballpark. It's rare that you're going to see somebody sit on a couch for three plus hours and watch a game continuously anymore. Fans are consuming through mobile devices, streaming, catching clips here and there, all different methods, and it's fun to be a part of that, because, fans still love the game, but they're just consuming it in different ways. >> Yeah, I love having chats with you on theCUBE because one of the things that have always been the same from nine years doing theCUBE is, the buzzword of consumerization of IT has been out there, overused, but you're living it, you have a consumer product, the ultimate consumer product, in Major League Baseball, and the Giants, great franchise, in a great city, in a great stadium, with a rabid fanbase, and they know tech, so you have all the elements of tech, but the expectation of consumers, and the experiences are changing all the time, you got to deliver on the expectations and introduce new experiences that become expectations, and this is the flywheel of innovation, and it's really hard, but I really respect what you guys are doing over there, and that's why I'm always curious, but, always, the question comes back to, is, can I get faster wifi in the stadium? (laughs) It's always the number one question >> It's funny that you ask that because it is AT&T Park, you know, so, honestly, we got to check that box, and we've had to for years, all the way back to when we first rolled it out, way back in 2004 when we first rolled out wifi in the park, people weren't asking for it then, people were coming to the ballpark with a laptop and plugging a card into it, and there were about a hundred of them that were accessing it, but today, what's interesting is, who knows what next, but we're not talkin' about wifi as much, wifi is just kind of, expected, you got to have it, like water. You're talkin' about 5G networks, and new ways to connect. Honestly, this past season, our wifi usage in terms of the number of fans that use wifi, what we call the take rate, the percentage of fans, was actually down 30% from the previous year. Not because we had less fans in the stadium, because this is the take rate, a percentage of fans in the stadium, went down, because AT&T made some massive investments in their cellular infrastructure at the ballpark, and if you're just connecting, and you got great bandwidth, you don't feel the need to switch over to wifi, so who knows what the future will hold? That's a great point, and you see the LTE networks have so much more power, it used to be you needed wifi to upload your photos, so you'd go in, log in, and if they auto login that's cool, but people don't need to. >> Not with photos, what they need it now for is when we see it really maxing out is events, like our Eagles concert, or Journey concert, or a really big game, like opening day, or honestly, Warriors playoffs game, 49ers football games, that's when folks are streamin' to video. For streamin' to video, they're still goin' to that wifi. Yeah, that's the proven method, plus they don't want to jack up their charges on the AT&T site, but I won't go there, Let's talk about innovat-- Most say unlimited, I will go there, most say unlimited these days. >> Really, I got to find that plan, my daughter's killin' me with her watchin' Netflix on LTE, I tell her. Innovation is changing, I want to get your thoughts on this, 'cause I know you're on the front end of a lot of innovations, you do a lot of advising here at Mayfield. The VC's always trying to read the tea leaves, you're living it, what's the innovation formula look like now for you 'cause as you're sittin' in your staff meetings, as you look at the team of people around you, you guys want to foster, you do foster, innovation culture. What's the formula, what do you guys do when you have those meetings, when everyone's sitting around the table sayin', what do we do next? "How do we create a better experience? "How can we get better fans, and better product "in their hands as fast as possible?" What's your strategy? >> You know, it's funny, people talk about the secret sauce for innovation, what's the formula? I would say, for us, it's really a symbiotic relationship with a lot of things, first of all, where we are, geographically, we've got folks like Mayfield, down the street, and many others, that we can talk to, that are, when innovation is happening, when the startups are incubating, they're being funded by these guys, a lot of times they are here, and our phones are ringing off the hook with a lot of folks so my formula for innovation is answer the phone and take the meetings, but, to be honest, that creates its own problems, because there's so many great ideas out there, if you try to do all of them, you're going to fail at all of them. You got to pick a very small few to try to experiment with, give it a shot, we just don't have the bandwidth, we only have 250 full-time staff on the business side. For us, geographically, you have to really be laser-focused and say okay, there are so many great ideas out here, which are the three or four that we're going to focus on this year, and really give it a try, that's really going to drive, propel our business forward, enhance our product on the field, whatever it might be, but I'll tell you where it really truly starts. It's from the top with our CEO. And, I've had a few different bosses over the years, but with the Giants, our CEO is singularly focused on all of us doing things folks have never done before regardless of what business unit you're in. Whether you're in ticketing, finance, marketing, sales, what drives him, and drives all of us, is innovation. And his eyes glaze over when I talk to him about cost-cutting, and his eyes can glaze over really fast. But when I talk to him about doing something no one's ever done before, that's when he sits forward in his chair, he gets engaged, and I just have a great boss, Larry Baer, he's been with us for 25 years wit the Giants, and he is the driver for it, he creates the culture from the top, where all of us, we want to impress him, and to impress him, you got to do sometin' nobody's ever done before, and what's even more interesting is there are some challenges and some changes talking place across our industry, as I said before, ticketing and other areas, and I've sat in meetings with him where somebody might raise their hand and say, "But this is happening across the industry, "so it's just a macro trend," and he'll get upset, be like, "I don't care about macro trends. "We are here in the Bay Area, "we're the San Francisco Giants, "we're going to do it our way." >> And so when you do it your way, he promotes risk-taking, so that's a great culture. What are some of the things you have tried that were risky, and/or risque, or maybe an experiment, that went well, and maybe ones that didn't go well, can you share some color commentary around that? >> Sure, over 20 years we've had some of all of those. I would say, I've had some real scary moments, our culture is collaborative, but I wouldn't call it combative, but we all have strong opinions, a lot of us have been there a long time, and we have strong opinions and so we'll battle, internally, a lot, but then once the battle is over, we'll all align behind the victory. Thinking back, one of the most stressful times for me at the ballpark was related to wifi, when we decided to take our antennas and put 'em under people's seats. No one had ever done that before, and there were two major concerns with that. One is, honestly are people going to get cancer from these antennas under their seats, it's never been done before, what's going to happen, and whether it's going to happen or not, what's the perception of our fans going to be, because, these are, the bread and butter is, the golden goose here, all the fans, so, yeah it's great that they're going to be, have faster connection here at AT&T Park, but if they think they're going to get cancer, they're going to cancel their season ticket plans, we got to problem. Number two is, we're taking away a little storage space also, under the seats, so it was very controversial internally, we did all of our research, we proved that having a wifi antennae under your seat is the equivalent to having a cell phone in your pocket, most people do that, so we're pretty safe there, and from the storage space perspective, honestly, it actually elevates your stuff, if somebody spills a Coke behind ya, it'll fall all around your purse, which is sitting on top of that wifi antenna so we came up with a good solution, but that was an example of something that was really controversial >> So beer goes on the antennae not your bag. (laughs) >> Exactly, your bag stays dry, we found a way to spin that but, there have been so many, I can go way back in time, back to the days when it was the PalmPilot that ruled the day instead of the apple >> Well you guys also did a good job on social media, I got to give you guys props, because, you're one of the first early adopters on making the fan experience very interactive. That was, at that time, not viewed as standard. Yeah, built the @Cafe at our ballpark, which is still there really to try to bring social media to the fans. >> I think you're the first ballpark to have a kale garden, too, I think. >> That's a little off topic, but yes, driven by one of our players, who's a big kale fan, yeah, the garden out in center field. >> So sustainibility's certainly important, okay, I got to ask the question around your role in the industry, because one of the things that's happening more and more in Major League Baseball and certainly as it crosses over to tech her at Mayfield Venture Capital, there's a lot of collaboration going on, and it's a very people-centric culture where, it used to be people would meet at conferences, or you'd do conference calls, now people are in touch in real time, so these networks are forming. It takes a village to create innovative products, whether you're inside the Giants, or outside in the ecosystem, how have you personally navigated that, and can you share some experiences to the folks watching, how you became successful working in an environment where it's collaborative inside the walls of the San Francisco Giants, but also outside? >> %100, the topic is near and dear to my heart, and from when I started with the Giants, that's what I love about our industry We compete on the field, and only on the field. When you look at who the Giants competitors are, from a business perspective, honestly the Dodgers are not a competitor from a business perspective. The A's are barely a competitor from a business perspective. We got a lot of competitors and very few of them are in our actual industry, so we collaborate all day, and it's been amazing, I can count on one hand, across all of sports, folks who have not been collaborative. There's a very small group of teams, your favorite team, the Boston Red Sox, are not on that list, they are very collaborative, but their arch rival, well there's a few others out there that may be less collaborative, but most of them are highly collaborative, from top down, and so, what I did from when I first started the first trip I made, was to Cleveland. And this was many years ago, Cleveland Indians had a reputation of being very progressive so I called up my counterpart there, I said, "I'm new to the industry, can I come out, "can I learn from you?" And that's where it started, and ever since, every year, we travel to two cities, I take at least four of my staff, to two cities each year and we meet with all the sports teams in those cities. This year, we went to Milwaukee and we met with the Brewers, and we did the Packers as well. Every year, over the 20 years we've visited pretty much every professional sports city, and we just go through it again, and always, red carpet, open door, and you build those face-to-face relationships, that you can pick up the phone and make the call, in a few weeks we're all going to get together in Denver at our MLB IT Summit, my job at the IT Summit every year is I host the golf classic, so I bring all the golfers, the hackers, the duffers out, and we have a great time on the golf course and build those relationships and again, the only thing that we don't really talk about that much is the technology we use to enhance the product on the field. Everything else is fair game. >> So share the business side, but the competitive advantage, where the battle's really having Dodger and Giants obviously on the field, highly competitive-- >> But what's cool about that is then I can meet with the other sports teams to talk about that, so I'll leave the teams nameless, but we've had some awesome collaborative discussions with NBA teams especially to talk about what they're doing to assess talent, and there's no competition there. >> So there's kind of rules of the road, kind of like baseball, unwritten rules. >> Right. >> So talk about the coolest thing that you guys have done this year, share something that you personally feel proud of, or fans love, what were some of the cool things this year that pops out for you? >> Sure, the technology that we invested in this year that I thought was a game-changer, we saw, we experimented with last season, but this year, we've been experimenting with VR and AR a little bit. But, a technology that we thought was really cool is called 4DReplay, it's a company out of Korea. And we saw them, we did an experiment with them, and then we implemented them for the full season this year and we've seen them at some other venues as well, the Warriors tried them at the Playoffs, but we had 'em full year and what we did was they put in about 120 cameras, spaced approximately five feet apart, between the bases. 120 of 'em, and they focus on the pitcher and the batter, so when you have a play, you can 3D, or 4D, 4D rotate around that play and watch the ball as it's moving off the bat, and get it from that full perspective, it's awesome for the fan experience, it gives them a perspective they never have, I love watching the picture, because you can see that hand, in full 4D glory pronating as it comes through on every pitch, if you can watch that hand carefully you can predict what kind of pitch it is, it's something that a fan has never had access to before, we did that for the first time this year. >> I had a new experience, obviously you see Statcast on TV now, a lot of this overlayed stuff happening, kind of creates like an esports vibe to the table. Esports is just coming. >> And it's just the beginning >> Your thoughts on esports, competitor, natural evolution, baseball's going to be involved in it, obviously, thing in the emerging technology's looking interesting, and the younger generation wants the hot, young... Sure, we feel like our game has been around a long time, and it still is, the rules haven't changed that much, but fans still enjoy it, but they just consume it differently and our game can be incredibly exciting in moments, but, there's also some gaps in there when you can build relationships. Some of the younger generation may fill those gaps with watching somethin' else, or two other things on their devices, but that's okay, we embrace that at the ballpark, but in terms of the emergence of esports, and the changing demographic of our fanbase, what we're trying to do is just package our game differently. One thing I'm really excited about, and startin' to see, we're in the early days, I consider with virtual reality, we experiment with it, maybe two or three years ago we've been doing some stuff with it, but I'd say it feels like we're in the second or third inning with virtual reality, where we're really going, and I've seen Intel doin' some of this stuff, I was out working with Intel in Pyeongchang, at the Olympics this past year, working with their PR team, and where it's going I can already visualize what this is going to be like, this concept of volumetric video. Where, it's not about having that courtside seat, in basketball, or that seat right behind home plate, it's about being wherever you want to be, anywhere in the action. And to me it's not about doin' it live, because in baseball, you don't know where the ball's going to go, it's about doin' it, replay, right after, okay, that ball was shot to Brandon Crawford, he made the most amazing diving play, picked it up, gunned it to first, where do you want to watch that from? Everybody's different, some people might want to watch it from right behind first base, some people might want to watch it right Brandon Crawford, behind the batter, with volumetric video and the future of VR, you'll be able to do that, and this esports generation, this fan's instant gratification want, unique experiences, that's what's going to deliver it. >> This is such an immersive environment, we're looking at this kind of volumetric things from Intel, and you got VR and AR, immersion, is a new definition, and it's not, I won't say putting pressure, it's evolving the business model, who would've thought that DraftKings and these companies would be around and be successful, that's gambling, okay, you now you got that, your VR so the business model's changing, I've been hearing even token and cryptocurrency, maybe baseball cards will be tokenized. So these are kind of new, crazy ideas that might be new fan experience and a business model for you guys. Your thoughts on those kind of wacky trends. >> That's why I love working with companies like Mayfield 'cause they're seeing the future before we see it, and I love being where we are, so we can talk to them, and learn about these companies. Another example, along those lines is, how are fans going to get to the ballpark five years from now, and how do we adapt to that because we're doing a major development right adjacent to the ballpark, we've got 4,000 parking spaces. Are we going to need those five years from now? Well we're going to build out that whole parking lot, we're going to put a structure in there. But five, ten years from now, we're building that structure so it can be adaptable, because, is anyone going to need to park? Is parking going to be like typing, you know on a typewriter, 10, 15 years now because everybody is in either self-driving cars, or ride shares, and the cars just, poof, go away, and they come back when you need 'em. >> Like I said, everything that's been invented's been on Star Trek except for the transporter room, but maybe they could transport to the game. >> We could use that in San Francisco. >> Bill, got to ask you about your role with Mayfield, because one of the things I've always been impressed with you is that you always have a taste for innovation, you're not afraid to put the toe in the water or jump in the deep end where the technology is, these guys are lookin' for some trends, too. How do you advise some of these guys, how do you work with Mayfield, what's the relationship, how are they to work with, what's the intersection between Mayfield and you? >> Well the one thing that Mayfield does is they put together a conference, each Summer, that I love comin' down to, and I get to meet a lot of my counterparts and we talked about meeting with my counterparts in sports, but I love meetin' with my counterparts across all industries, and Mayfield makes that possible, they bring us all together with some really interesting speakers on a variety of topics not all directly tech related, so it's a great opportunity for me to just get outside of the daily routine, get outside the box, open my mind, and I just have to drop down the road to do it. So that's an example, another thing is, Mayfield, and other firms will come to me, and just say, "Hey, here's a technology we're evaluating, "they think it would be a great fit in sports, "what do you think?" And so, I can give them some valuable feedback, on company's they're evaluating, companies will come to us, and I might throw them their way, so it's really a two way street >> Great relationship, so you're a sounding board for some ideas, you get to peek into the future, I mean, we've interviewed entrepreneurs, successful entrepreneurs here, it's a seven, eight year build out, so it's almost like an eight year peek into the future. >> Yeah, and it's super valuable, especially given where we are geographically and our inclination toward being on the leading edge. >> I want to just end the segment by sayin', thanks for comin' in, and I want you to show the ring there, 'cause I always, can't stop starin' at the hardware, you got the ring there, the world champion. >> It's a few years old at the moment, we're going to have to get a new one sometime soon. >> We got to work on that, so is there any cutting edge technology to help you evaluate the best player, who you lookin' at next year, what's goin' on? What's the trades goin' on, share us-- >> Are we off the record now, 'cause I have a feeling you're asking this for personal reasons, for your squad, so. >> I'm a Red Sox fan of the AL, obviously, moved here 20 years ago, big fan of the Giants, I love comin' to the games, you guys do a great job, fan experience is great, you guys do great job and I'm looking forward to seeing a great season. >> Thanks, yeah, hope springs eternal this time of year, we always block off October and expect to be busy, but when we have it back, it just gives us an opportunity to get a head start on everybody. >> Well Bill, thanks for coming in, Bill Schlough, CIO for the San Francisco Giants, here on Sand Hill Road talkin' about the 50th anniversary of Mayfield, and this is the People First Network, getting ideas from entrepreneurs, industry executives, and leaders. I'm John Furrier with theCUBE, thanks for watching. (electronic music)

Published Date : Nov 20 2018

SUMMARY :

From Sand Hill Road in the heart of the San Francisco Giants, CUBE alumni, On the field, in the seats, off the field, you name it. and you got great bandwidth, you don't feel the need on the AT&T site, but I won't go there, What's the formula, what do you guys do and take the meetings, but, to be honest, What are some of the things you have tried is the equivalent to having a cell phone in your pocket, So beer goes on the antennae I got to give you guys props, because, I think you're the first ballpark to have a kale garden, driven by one of our players, who's a big kale fan, and can you share some experiences the only thing that we don't really talk about that much so I'll leave the teams nameless, kind of like baseball, unwritten rules. Sure, the technology that we invested in this year I had a new experience, obviously you see Statcast and it still is, the rules haven't changed that much, and you got VR and AR, immersion, is a new definition, and they come back when you need 'em. been on Star Trek except for the transporter room, Bill, got to ask you about your role with Mayfield, and I just have to drop down the road to do it. you get to peek into the future, Yeah, and it's super valuable, 'cause I always, can't stop starin' at the hardware, It's a few years old at the moment, Are we off the record now, big fan of the Giants, I love comin' to the games, we always block off October and expect to be busy, here on Sand Hill Road talkin' about the 50th anniversary

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Jonah Goodhart, Moat | Mayfield50


 

>> From Sand Hill Road in the heart of Silicon Valley, it's theCUBE presenting the People First Network, insights from entrepreneurs and tech leaders. >> Everyone, I'm John Furrier with theCUBE. We are here for a special conversation on Sand Hill Road at Mayfield's 50th anniversary, part of their People First Network. I'm here with Jonah Goodhart, co-founder and CEO of Moat, now with Oracle, sold their company in 2017, entrepreneur, serial entrepreneur. Thanks for joining me today. >> Thanks for having me, John, excited to be here. >> So we're talking before you came on camera. You've been an entrepreneur since you were a small kid doing all kinds of hustles and side things. What's happening with you now? Obviously, you sold your company in 2017, part of Oracle. Oracle not known for the entrepreneurial activity, but you brought that company in, still goin' on. Give us an update. >> So I started Moat back in 2010. Like you said in 2017, Oracle decided to make us an offer, and we decided to sell our company. And it's been frankly exciting for me to be part of a company that has a 40-year history in Oracle. To have a company that has played a pretty pivotal role in Silicon Valley. We're sitting here right in the heart of Silicon Valley, and to be a part of a company that I think is... So important to the future development of software and databases and hardware. I think is interesting and exciting. And certainly not the path that I thought I would be on, but I'm excited to be here today. >> It's always nice to have an entrepreneurial success the level you guys had. Great exit, the numbers that was reported almost close to a billion dollars in value to Oracle, sorry, the company you started. But you got a unique journey. You started with your brother. Was in New York. Take us through that journey. What were some of the things that you did? And how did it get started? What was the main drive? >> Sure, so I got to take us back a little bit. So I've been in business with my brother, Noah, for 20 years. So we started a company in the late 1990's when I was an undergrad at Cornell. And the Internet was going crazy. E-commerce companies were going public. And the first of everything was starting, the first Internet credit card, the first of x, y, and z, fill in the blank. And so we decided, sort of haphazardly at the time, that we would start a business. And we started by helping companies acquire customers using the Internet. And so we really built, I think in sort of looking back on it now, it was somewhat of a marketing agency but at the time we were building-- >> What year was that? >> This is '98, '98, '99. >> So sort right in Internet boom. Things are going crazy. >> Things are going crazy. We're in college. We were building email lists. We were essentially trying to figure out how do you tell stories and advertise online, but we didn't know we were doing that. We were just trying to simply make some money. I was working for $5 an hour at the Computer Center in Ithaca, New York at Cornell, and I didn't own a computer. So I'm sitting there. Part of the reason I worked for the Computer Center was 'cause I got 24-hour access to the Internet and to a computer. And so we started our first business there. And things went really well almost out of the gate. So '98, '99, and then 2000 happened. And 2001 happened, and the world changed. Business certainly changed. The so-called sort of bust of a lot of, I think, the ideas that people had. I think people realized that there was going to have to be real business that were built. And eventually those businesses were built in many cases. But I think it didn't happen the way that people expected. And we were certainly surprised by it. We were 21-year-old, I was 21 at the time. My brother was two years older than me. And so we had this business that was going really well, and then we sort of ran off of a cliff. And so were profitable, growing, on top of the world, and then hit a challenge. And it was one of the first business lessons that I really learned back in 2000, 2001, which is that you have to have something that is sticky. That's going to be able to stick around through the tough times. It can't only work when things are going up. It can't only work when people are spending money. And so we learned a lot of lessons about how do you build a long-term sustainable business. In 2002, someone that we had done business with for a couple years called me. And he said, "I'm going to start a new business. "And I think there's an opportunity to build a business "to trade digital advertising and to do it more effectively "and efficiently than has been done to date." This guy said, "I think there's something to be done. "I think now is the time to do it." My brother and I decided to partner with him. We decided to write a check to become his first client and to help him start a company that he started in 2002 called Right Media. Right Media ended up becoming a big success. It was the first big ad exchange. The first platform to trade digital advertising inventory. Yahoo! ended up acquiring the company in 2007. And so we were sort of on our way as entrepreneurs slash now investors, but enter the world of 2008. Once again, the economy changes. The world changes. And we start to think, "Alright, maybe when the market "goes down, when everything crashes, maybe that's the time "to start thinking about starting a new business. "Maybe when competition dries out a little bit "it's the right time to get back into building companies." And so Noah and I, my brother and I, decided, "Alright, let's go start a new business." And we got started with Moat in 2010. And it's been a pretty fun ride. >> And how long did you work on Moat for? How many years? >> So we started in 2010. We spent a year or two trying to figure out what we would do. Really got started in earnest in 2010. Raised, invested the initial amount of money ourselves through myself, and Noah, and our third partner, Mike Walrath, the guy from Right Media. And in 2011, raised the friends and family round. 2012, we're fortunate to get Mayfield to invest. And at that point was when our business really took off. So we ran the company from 2010 to 2012 with zero dollars in revenue. Mayfield invested in us when we had zero dollars in revenue. And things started to go off from there. So from 2012 to 2017 when we sold the company, we built a pretty sizable SaaS business. >> So interesting experiences as to Mayfield, no revenue, that's the way they like it. Like to build businesses. Take a piece of the action. You also did that early on. But I think what's interesting about your story, and I want to get your thoughts on this is that entrepreneurs sometimes they hit a wall and sometimes they can't get back up. You hit multiple kind of market timings. I'll say the bubble crash, 2001-2002 time frame. You mentioned 2008. Seeing transitions is a big part of having that entrepreneurial antenna, if you will, having a feeling for the market, knowing what the wave is, when to start, when to invest, invest in down markets. As you grew from that first venture and you're on top of the world, college, that first crash, how did you figure out the market transition kind of dynamic? What was, did it jump out at you? Was it just scar tissue? What was some of the feelings there? >> Yeah, I mean my view is that so the market changed, and we had all these expectations about our revenue was going to continue to grow forever, and our profits were going to continue to grow forever. And when the market changed and outside dynamics changed our business. This is Colonize. I'm talking about our first company. All of a sudden we went, "Uh oh, what do you now?" And I think it was more having lived through that experience that we said, "Alright, we need to figure out "when we build businesses, how do we build them "to be sort of fool-proof? "Or as much fool-poof as we can be. "How do we have something that's sticky, sustainable, "that can't simply be turned off with the ebb and flow "of the market?" And I think it, for me, taught me something which was you need to build something that's long-lasting. Something that is not driven by market conditions. If your business is driven by external market conditions, that should be a big signal that there's potentially a problem, 'cause if those conditions change you're going to be in a tough spot. And so we decided then and there, "Alright, we need "to really build businesses that are here for the long run." We sat on the board of Right Media, helped start the company, but we didn't operate it. Mike ran this company, and we watched. We watched very closely and carefully, and he did something else that was interesting. It's that he learned how to story tell. He learned how to think about where we were going as a business in Right Media not where we were. And so I combined, with my brother, these two themes. Sustainable, sticky business with storytelling. Think about where you're going not just where you are. And I think as we created Moat, we thought, "Alright, how do you actually turn that "into a long-term business?" And part of the way you do it is by trying to project forward, trying to think, "Alright, not what are we doing today? "But where are we going into the future?" And that really became a critical part of product development, a part of our vision, of where we wanted to be as a business. And I think it was a critical part of our success. >> What can other entrepreneurs learn from that? Because I think I see a lot of entrepreneurs here in Silicon Valley and around the world, now that entrepreneurship's kind of gone global, is they get stuck in with dogma and like, "We got to make this work." And sometimes they might not be self-aware that they might have to just take their head up and look around and get a feel for what's goin' on around them. What's your advice for those guys? >> I think you have to be honest with yourself. You know, as an entrepreneur, in your heart of hearts is what's happening to you real? You know, you should know I think, whether or not what's happening to you is because of some conditions, because of one customer that's doing something that's good or bad, or because of a broader trend or a broader movement. I try to ask questions about not just what does it look like a year from now or two years from now or three years from now? I think about the world ten years from now. What do I know to be the case ten years from now? I think this is something that Jeff Bezos talks about. Which is what do you for sure know is going to be the case with your business ten years from now? If you can plan towards that, you can build something that's sustainable. And so we knew ten years from now marketers are still going to want to reach people. They're still going to want to story tell. They're still going to want to measure how effective it was to actually reach those people. And so we knew that wouldn't change. What might change are the mechanisms. How they reach people, how they story tell, what platforms they do it on, whether it's Facebook or Snapchat or Pinterest or whatever the next new platform is, that may change. But the fact that marketers will need to reach people won't. And so we felt really confident that ten years from now that's going to still be the case. And I felt if you know that then you can build towards this vision and so-- >> Medium and the channels are all going to change all the time, but the stories need to be told. >> That's right, and interestingly, I think that when you start a business you come up with a theme. You come up with a vision. And so for us it was how do marketers tell their stories increasingly in a world that's digital? That's not something that's going to change overnight. And I felt like over the long haul that's not going to change very quickly. Increasingly we're going to be digital consumers, and marketers are going to have to tell their stories. Now the business that we started at Moat in 2010 ended up changing dramatically. We started a crowd-sourced creative marketplace. We ended as a measurement and analytics company. Pretty different place from creative. The vision was still the same. The vision was still about helping companies, marketers, tell their stories in a world that's increasingly digital. And if you look at successful businesses, they tend to have the same vision from when they started. Now the underlying business may change. Hopefully, the underlying business iterates and finds the right path, but the overall, the high level of where you're going ideally doesn't change. And I think that's part of the key to success. >> That's a great point. I think, I always get in a debate here among entrepreneurs and investors. The word pivot versus adjusting. When you have a North Star or a mission, you just got to kind of tack with the wind and make it a tailwind not a headwind versus a full pivot which might be, "Hey, there's no business here. "We have to do something different." Can you talk about the nuances between what a pivot is? And how you find that tailwind, the wind in the sails if you will, for the entrepreneur to hit that vision? >> Yeah, so first of all, any successful business that I've ever seen never starts off how it ends. In other words, there are always iterations that go through. Pick any company that you can think of right now. They've iterated. They've started off with one theme, and they've gone this slight different path. So I would argue that every good business is going to iterate. Now whether you want to call it a pivot or not, I think is more nomenclature or semantics. My view is you're going to iterate. They key is having that North Star. So in ten years, what do we believe to be the case? Forget about what do we believe, what do we know to be the case? What do we know this is going to be the case ten years from now? And if you're right about that then it can qualify as your North Star. By the way, if you don't know ten years from now this is going to be the case then maybe that shouldn't be your North Star. Maybe that shouldn't be the guiding light for your business. Once you get that part right then it almost frees you to be flexible. It frees you to say, "Okay, so if the world's moving "this way or that way, I'm going to adjust." One of the things that I learned from Moat was actually somebody gave me advice early on. They said, "Go have a thousand meetings. "Go have a thousand meetings in your industry, "in your category. "Go meet with every single person in the business." And I did that. It took me probably 18 months, but I went out and met with everyone who would take my meeting. What I learned from that is that in the B2B world we have an advantage. You can talk to your customers. Your customers will literally tell you, "Here are the issues we're having. "Here are the things we're trying to solve for. "If you can help us solve for this, we will pay you money "to provide a service to us to actually solve this problem." And so I learned, "Wow, that's pretty amazing!" If you actually meet with enough people, you get a sense of the market. You get a sense of what people are buying. You get a sense of the trends. As my oldest brother says, "The world kind of slows down "a little bit." Markets move in slow motion when you really get into it. And so if you go out and have a thousand meetings in your industry, you actually learn what's happening in that business. And you can tweak your business accordingly. I walked away with Moat feeling like if you're not in a meeting talking your story, telling your pitch, telling your vision, and they're not nodding their head going, "Yep, yep, yep, 100% on the same page." Then you're not in the right place. >> I love that comment about slowing the game down. Reminds me of baseball batters up there slowing that game down, watch that ball come in, really slow. And I think that's good advice because you want to slow it down. You want to make sure you're kind of capturing the right things that's happening at the right time, not try to go too fast. >> That's right. Things don't happen overnight. I think oftentimes when you're not in the industry, and you just read the headlines, you think, "Oh my God, that's crazy that this thing happened "and that thing happened!" When it's your space, it doesn't move quite that fast. There's work that has to be done. Contracts that have to be put in place. You see it evolving. And so I always tell people when you want to get to know an industry, read every single piece of content there is about the industry, read every article that comes out about it, and take as many meetings as you can possibly take in the space. And it'll slow down. It'll move at a pace that you can kind of go, "Got it! "It feels like if we do this and this then we can actually "start to build a business here." And again, I think there's a bright line test in B2B if you walk into a meeting and you start telling your story, and you're not getting the nods, and you're not getting the, "Yep, yep, yeah, "that's an issue for us." If that's not happening, then you're not in the right space. Doesn't mean your North Star is wrong, but it means you got to iterate a bit. >> You got to find your groove. I want to change gears a little bit and talk about this People First Network concept that I love because you hear, "Mobile first, cloud first." And the notion of people first, we live in a very social world now, you're seeing a lot of stuff happening where we're connected now almost with digital 100%. Everyone's kind of got mobile even in emerging countries you got connections. Yet there's a lot of new dynamics emerging on the social scene and checking around you're well-known for networking. You're known for connecting with people certainly in your area and beyond. And so there's two things I want to get your thoughts on. One is networks. Who to work with. How do I make decisions on? How do you want to spend your time with other entrepreneurs or other peers? And social entrepreneurship, there's a lot of emphasis around mission-driven things. These are people dynamics where you're starting to see the role of the relationships between people start to take a really important role in entrepreneurship not just, "Let's hire and fire fast." Certainly some basic business knowledge that's common sense. But as you're starting to see this next generation of entrepreneurs emerge, there's an eye on social, mission-driven, but spending time with the right people. What's your thoughts on that? >> So first of all, businesses are about people. In the end of the day, you want to do business with people that you like, with people that you trust, with people that you want to hang out with. That was one of the lessons I learned somewhat early on, and I think it's critical. Businesses are not automated. Businesses are about, "Alright, a group of people "come together with a shared idea of what they can do. "And they can hopefully go support a group of other people "who are trying to get their vision done." And so once you realize that, you realize it's about people. You want to build relationships. You want to build connections. You want to figure out, "Alright, how can I help people? "And hopefully with good karma something will happen "in my favor at some point." And so I always operate under the idea that you just try to do good, you try to help people, and hopefully as a result, good things will happen. In terms of social entrepreneurship what I would tell you is that having a mission that you feel deep down inside of you that is not just, "We're going to make money. "And we're going to deliver on behalf of shareholders." Yes, of course that's important. But when you wake up, and you go to work or you get online, you want to feel something for it. You want to feel like, "Alright, this is something "that I feel good about doing." When you do that, when you know that you've done it right, it doesn't feel like work. It doesn't feel like a job. It feels like you want to wake up, and you can't get enough of it. And I think that's when you know you've done something right. So I think the more that we can lead mission-driven businesses, mission-driven lives, the better that will be. In the end of the day, I think that life and business converge. I think in the end of the day when you do it right, it doesn't feel like work, and it doesn't feel like you're working or not working. It just feels like you're trying to do good, you're trying to help other people, and hopefully good things happen. >> Great stuff. The thing I love about digital is you start to see that blending of analog and digital where lives are now part of each other. If you could go back and be 18 and 20 again with all the tools that we have out there now, open-source at a whole new level, you have everyone's connected, what were some of the things that you would do? If you had to go back and talk to your 18-year-old self going into Cornell with your brother, a lot more on the table to play with. Certainly, it's easier to do ventures, easier to come up with ideas, maybe more lean. What are some of the things that you would do if you were in your 20's? >> Yeah, I guess if I went back I would tell myself to make big bets and make them on where you know the future is going to be ten years from now. I think oftentimes, particularly when I was a young entrepreneur, you were living day to day or week to week where you were going, "Alright, we need to get this thing done by this day "so that we can do this tomorrow." And so we need to fly and stay up all night and end up eating and sort of doing things that are not the best sort of health-wise in order just to try to get things done or what you thought would just get things done. I think I would play a longer game, and I would encourage myself to think about, "Alright, what do I know to be the case "ten years from now and how can I focus on that?" If we go back 20 some years, two or three of the biggest companies in the world were really created in Amazon, in Apple, in Google. And I think the opportunity existed back then. So if I could go back to my-- >> You'd buy some Apple stock for sure. (laughs) >> I don't know if I would bought Apple stock, but certainly I would've made longer term bets. What those companies do that I think is phenomenal is they think about where the world's going not where the world is today. >> I think that's great advice. And it's interesting, too. You go back, and you always, everyone has those experiences in life where they would say, "I could've been there "or there." Looking forward is the key. And I think one of the interesting things about your journey is you had the time in college, make some money, put some dough in your pocket. Then you go out and you have some cash. You make an investment. You ride the wave with Right Media, and then you go the venture-backed startup. Talk about the dynamics. Specifically the venture-backed startup, because now the dynamics are changed. I mean, hell, I might go do an ICL and suddenly get subpoenaed if I did that. But you got all kinds of new opportunities to get funded, either to venture capital, either with Mayfield. Different venture architecture there you mentioned, no revenue, but funding to go build it out. What was different about doing a venture-backed startup versus the other ones? >> Yeah, I guess what I would say is first of all we have to step back and realize that when we're in these industries, we have a hard time understanding what they're doing. What venture capitalists do is just what any money manager does. They're doing allocation of capital so that they can get returns for their investors. And so in the end of the day, they're trying to make bets. Now the bets that a venture capital makes are different from someone who's buying public equities for sure, but the same sort of ideals are there which is they want to make bets on the right companies, on the right people so that they can drive profits and returns and hopefully make a difference. In the case of Moat, we were really impressed by Mayfield. We were impressed by the way that they approached the conversation with us, the way that they leaned forward. I tell entrepreneurs when you have venture capitalist meetings if three out of ten of them go well, you're in the Hall of Fame. It's like baseball. Most of the time you're not going to get that perfect chemistry. You're not going to get that feeling where, "Ah, there's something interesting here." The other thing I tell entrepreneurs is if they're not leaning forward, if they're not going, "You know what we could do? "We could do this, this, and this. "I could connect you with so and so. "We could build a business doing this. "You should think about this." If they're not doing that, they're probably not the right fit. I think about it. I'm happily married for many years with four kids. When you meet your spouse you tend to know that that's the right person. If you have to go home and say, "Alright, why don't you "send me some reasons to try to justify "why you might be the right fit for me," maybe that's not the right spouse. I think it's the same thing with venture capitalism. You ultimately want to have chemistry. Again, it comes back to people. And so Mayfield I think does a really good job of thinking about people and putting people first in that conversation. >> And it's also a team environment almost because you want to have a spouse and a venture partner who's going to be there for the good, bad, and the ugly. >> That's right. >> And be there. And that's, I think a lot of people don't get that. They want the valuation, "Oh, I got a better deal." There's no better deal when you look at the long run impact of potentially making the wrong decision. >> One of the first things that Navin Chaddha from Mayfield said to me when I first met with him is he said, "This is going to take you seven to ten years "to build this business." And I thought, "Wow, that sounds like a long time!" >> I'm going to do it in three. >> Yeah, that seems crazy. (John laughing) But he was right, and one of the things that he said to me after they invested and we had gone through a couple quarters of working. I came in and I actually had pretty high expectations of what we could do as a business. I said, "Well, if we really push the accelerator "I think we could do this number instead of this number." And he said, "Relax. "We have plenty of time. "Don't try to knock it out of the park, "and you'll make mistakes if you do that. "Just try to deliver on the numbers that you think "you can deliver realistically. "And focus on building the business." And he was right. Having that approach is smart. It's not about, "Can I make this work next quarter?" It's about, "Can I make this work over the long run?" And I learned a lot in that process. >> Well, Jonah, I really appreciate the conversation. You're an inspiration to a lot of entrepreneurs out there. And congratulations on all your great success. I guess the question is what's next for you? You got that ten year vision. What's going to happen in the next ten years? Which wave will you be riding? >> Well, I think, increasingly, we're going to live in a connected society where data is information, and data is knowledge. And I think for me I'm excited about a future world where will we use more or less data to make decisions. I think more. Will we make smarter decisions over time? Hopefully smarter decisions over time. Will we be able to catch diseases earlier? I think so. Will we be able to leave longer lives? I think so. And so some of those things end up being themes-- (no audio) >> Great, Jonah Goodhart, at Oracle now, first a founder, entrepreneur, serial entrepreneur, here as part of theCUBE's People First Network series. I'm John Furrier. Thanks for watching. (upbeat electronic music)

Published Date : Nov 12 2018

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in the heart of Silicon Valley, it's theCUBE of Moat, now with Oracle, sold their company in 2017, What's happening with you now? And certainly not the path that I thought I would be on, the level you guys had. And the first of everything was starting, Things are going crazy. And so we were sort of on our way as entrepreneurs And in 2011, raised the friends and family round. that entrepreneurial antenna, if you will, And part of the way you do it is by trying that they might have to just take their head up And I felt if you know that then you can build Medium and the channels are all going to change And I felt like over the long haul that's not going to change And how you find that tailwind, the wind in the sails And you can tweak your business accordingly. I love that comment about slowing the game down. And so I always tell people when you want to get And the notion of people first, we live in a very And I think that's when you know What are some of the things that you would do to make big bets and make them on where you know You'd buy some Apple stock for sure. is they think about where the world's going And I think one of the interesting things about your journey And so in the end of the day, they're trying to make bets. because you want to have a spouse and a venture partner There's no better deal when you look at the long run impact is he said, "This is going to take you seven to ten years And I learned a lot in that process. I guess the question is what's next for you? And I think for me I'm excited about a future world here as part of theCUBE's People First Network series.

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Alan Boehme, Procter & Gamble | Mayfield50


 

Sand Hill Road to the heart of Silicon Valley it's the cute presenting the people first Network insights from entrepreneurs and tech leaders when I'm John Ferrari with the cube I'm the co-host also the founder of Silicon angle me we are here on Sand Hill Road at Mayfield for the people first conversations I'm John furry with the cube weird Allen being global CTO and IT of innovation at Procter & Gamble formerly the same position at coca-cola has done a lot of innovations over the years also a reference account back in the day for web methods when they call on the financing of that one of the most famous IPOs which set the groundwork for web services and has a lot of history going back to the 80s we were just talking about it welcome this conversation on people first network thank you for inviting me so the people first network is all about people and it's great to have these conversations you're old school you were doing some stuff back on the 80s talking about doing RPA 3270 you've been old school here yeah I go back to APL as my first programming language went through the the third generation languages and of course the old 30 to 70 emulation which is what we know today is our PA one of the cool things I was excited to hear some of your background around your history web methods you were a reference call for venture financing of web methods which was financed on the credit card for the two founders husband and wife probably one of the most successful I appeals but more importantly at the beginning of the massive wave that we now see with web services this is early days this was very early days when I was at DHL we were looking at what we're gonna do for the future and in fact we built one of the first object-oriented frameworks in C++ at the time because that was all that was available to us or the best was available we rejected Corbis and we said look if we're gonna go this direction and one of my developers found web methods found philip merrick it was literally at the time working out of his garage and had this technology that was going to allow us to start moving into this object-oriented approach and I remember the day Robin Vasan form a field called and said hey I'm thinking about investing in web methods what do you think about it and not only was it one of the first startups that I ever worked with but it's actually the first time I met anybody in the venture community way back in nineteen I think 1997 is what had happened and that was a computing time in computer science and then the rest is history and then XML became what it became lingua franca for the web web services now Amazon Web Services you see in cloud computing micro services kubernetes service meshes this is a new stack that's being developed in the cloud and this is the new generation you've seen many waves and at Procter & Gamble formerly coca-cola you're the same role you have to navigate this so what's different now what's different say 15 20 years ago how are you looking at this market how you implementing some of the IT and infrastructure and software development environments I think what's change is you know when we got into the the early 2000s Nicolas car came out and said IT doesn't matter and I think anybody that was an IT had this very objectionable response initially but when you step back and you looked at it what she realised was in many cases IT didn't matter and those were those areas that were non-competitive those things that could be commoditized and it was completely right the reality is IT has always mattered that technology does give you a competitive advantage in certain markets and certain capabilities for a company but back then we had to go out and we had to purchase equipment we had to configure the equipment there was a lot of heavy lifting in corporations just did not want to invest the capital so they outsource the stuff wholesale I think General Motors was the first one that just out sourced everything and was followed by other companies including Procter & Gamble the decision at that time was probably right but as we go forward and we see what's happened with corporations we see the valuations of corporations the amount of return on equity based on the on the capital that's being invested we can see that data is important we can see that agility flexibility is key to competing in the future and therefore what's changing is we are now moving into an age of away from ERP so we're moving into an age away from these outsource providers on a wholesale basis and using it selectively to drive down costs and allowing us to free up money in order to invest in those things that are most important to the company so you're saying is that the folks naturally the server consolidation they've bought all this gear all this software over you know 18-month rollouts before they even see the first implementation those are the glory days of gravy trains for the vendor's yeah not good for the practitioners but you're saying that the folks who reinvested are investing in IT as a core competency are seeing a competitive advantage they certainly are you know I think I made the statement front of a number of the vendors and a few years ago and people were not comfortable with it but what I said was like you gone are the ears of these 10 20 million dollar deals gone are the ears of the million two million dollar deals we're in the ear of throwaway technology I need to be able to use and invest in technology for a specific purpose for a specific period of time and be able to move on to the next one it's the perfect time for startups but startups shouldn't be looking at the big picture they should be looking at the tail on these investments let me try things let me get out in the market let me have a competitive advantage in marketing which is most important to me or in supply chain those are the areas that I can make a difference with my consumers and my customers and that's where the investments have to go so just in constant of throwaway technology and you know you'd also be said of you know being more agile though interesting to look at the cloud SAS business model if Amazon for us I think that's the gold standard where they actually lower prices on a per unit basis and increase more services and value but in the aggregate you're still paying more but you have more flexibility and that's kind of a good tell sign so that you're seeing that ability to reuse either the infrastructure that's commoditized to shift the value this is are people having a hard time understanding this so I want to get your reaction to how should I tea leaders understand that the wave of cloud the wave of machine learning what a I can bring to the table these new trends how how should leaders figure this out is there a playbook as there are things that you've learned that you could share you know that there's really a playbook it's still early on everyone's looking for one cloud fits all the reality is whether it's Google whether it's Amazon whether it's Microsoft whether it's IBM all clouds are different all clouds have our special are purpose-built for different solutions and I think as an IT leader you have to understand you're not going to take everything and lift and shift that's what we used to do we're now in the position where we have to deconstruct our business we have to understand the services the capabilities that we want to bring to market and not lock ourselves in its building blocks its Legos we're in the period of Legos putting these things together in different manners in order to create new solutions if we try to lock ourselves in the past of how we've always financed things how we've always built things then we're not going to be any better off in the new world than we were in the old alan i want to get your reaction to to two words our PA and containers well as i said earlier our PA is 3270 emulation from the 1980s and for those of us that are old enough to remember that i I still remember scraping the the old green screens and and putting a little process around it it what's nice though is that we have moved forward machine learning and AI and other other capabilities are now present so that we can do this I actually played around with neural nets probably back in 1985 with an Apollo computer so that tells you how far back I go but technologies change processing speeds change everything the technology trends are allowing us to now to do these things the question that we have is also a moral dilemma is are we trying to replace people or are we trying to make improvements and I think that you don't look at our PA as a way simply to replace work it's a way to enhance what we're doing in order to create new value for the customer or for the consumer in our case I think in the in the area of containers you know again been around for a while been around for a while it's just another another approach that we're not we don't want lock in we don't want to be dependent on specific vendors we want the portability we want the flexibility and I think as we start moving containers out to the edge that's where we're gonna start seeing more value as the business processes and the capabilities are spread out again the idea of centralized cloud computing is very good however it doesn't need to be distributed what's interesting I find about the conversation here is that you mentioned a couple things earlier you mentioned the vendors locking you in and saying here's the ERP buy this and with this you have to have a certain process because this is our technology you got to use it this way and you were slave to their their tech on your process serve their tech with containers and say orchestration you now the ability to manage workloads differently and so an interesting time there's that does that change the notion of rip and replace lift and shift because if I a container I could just put a container around it and not have to worry about killing the old to bring in the new this is on the fundamental kind of debate going on do you have to kill the old to bring in the new well you need to kill the old sometimes just because it's old it's time to go other times you do need to repackage it and other times I hate to say it you do need to lift and shift if you're a legacy organization they have a long history such as most of the manufacturing companies in the world today we can't get rid of old things that quickly we can't afford to a lot of the processes are still valid as we're looking to the future we certainly are breaking these things down into services we're looking to containerize these things we're looking to move them into areas where we can compute where we want to when we want to at the right price we're just at the beginning of that journey in the industry I still think there's about five to seven years to go to get there now I'll talk about the role of the edge role of cloud computing as it increases the surface area of IT potentially combined with the fact that IT is a competitive advantage bring those two notions together what's the role of the people because you used to have people that would just manage the rack and stack I'm provisioning some storage I'm doing this as those stovepipes start to be broken down when the service area of IT is bigger how does that change the relationship of the people involved you know you win with people at the end of the day you don't win with technology you know a company of such as Proctor and Gamble and I think what's happened if you look at historically the ERP vendors came out probably 99 2000 and it used to be and remember these I'm old to be honest with you but I remember that we used to have to worry about the amount of memory we were managing we had to be able to tune databases in all of this and the vendors went ahead and they started automating all those processes with the idea that we can do it better than a human and a lot of people a lot of the technology talent then started leaving the organizations and organizations were left with people that we're focusing on process and people a process excuse me process and the the the business which is very good because you need the subject matter experts going forward we have to reinvest in people our people have the subject matter expertise they have some technology skills that they've developed over the years and they've enhanced it on their own but we're in this huge change right now where we have to think different we have to act different and we have to behave differently so doubling down on people is the best thing that you can do and the old outsource model of outsourcing everything kind of reduces the core competency of the people yeah now you got to build it back up again exactly I mean we when we left at P&G 15 years ago about 5,000 people left the organization when we outsource them when we outsource the technology to our partner at that time now it's time we're starting to bring it back in we've brought the network team back in and stood up our own sock in our own NOC for the first time in years just this past year we're doing the same thing by moving things out to the cloud more and more is moving to the cloud we're setting up our own cloud operations and DevOps capabilities I can tell you having been on both sides of it it's a lot harder to be able to bring it back in than it is to take it out and you know interesting proctoring games well known as being a very intimate with the data very data-driven company the data is valuable and having that infrastructure NIT to support the data that's important what's your vision on the data future of the data in the world well I think data is has a value to itself but when you tie it to products you tie it to your customers and consumers it's even more valuable and we're in the process now of things that we used to do completely internally with our own technology or technology partners we're now moving all of that out into the cloud now and I must say cloud its clouds plural again going back to certain clouds are better for certain things so you're seeing a dramatic shift we have a number of projects underway that are in the cloud space but for customers and consumers number of cloud projects in the way for our own internal employees it's all about collecting the data processing the data protecting that data because we take that very seriously and being able to use it to make better decisions I want to get your reaction on two points and two quite lines of questioning here because I think it's very relevant on the enterprise side you're a big account for the big whales the old ERP so the big cloud providers so people want to sell you stuff at the same time you're also running IT innovation so you want to play with the new shiny new toys and experiments start up so if startups want to get your attention and big vendors want to sell to you the tables have kind of turned it's been good this is a good it's a good buyers market right now in my opinion so what's your thoughts on that so you know start with the big companies what do they got to do to win you over well they got to look like how they got to engage and for startups how do they get your attention I think the biggest thing for either startup or large companies understanding the company you're dealing with whether it's Procter & Gamble whether it's coca-cola whether it was DHL if you understand how I operate if you understand how decisions are made if you understand how I'm organized that's gonna give you an a competitive advantage now the large corporations understand this because they've been around through the entire journey of computing with these large corporations the startups need to step back and take a look and see where do I add that competitive advantage many times when you're selling to a large corporate you're not selling to a large corporate you're selling two divisions you're selling two functions and that's how you get in I've been working with startups as I said back since web methods and it was just a two-person company but we brought them in for a very specific capability I then took web methods with me when I left DHL I took them to GE when I left GE I took them to ing because I trusted them and they matured along the way I think finding that right individual that has the right need is the key and working it slowly don't think you're gonna close the deal fast if you're start-up know it's gonna take some time and decide if that's in your best interest or not slow things down focus don't try to boil the ocean over too many of them try to boy you're right Jimmy people try to boil the ocean get that win one win will get you another one which will get you another win and that's the best way to succeed get that beachhead Ellen so if you could go back and knowing what you know now and you're breaking into the IT leadership's position looking forward what would you do differently can do a mulligan hey what would you do differently well you know I think one of the one of the dangers of being an innovator in IT is that you really are risk taker and taking risks is counterculture to corporations so I think I would probably try to get by in a little bit more I mean someone once told me that you know you see the force through the trees before anybody else does your problem is you don't bring people along with you so I think I would probably slow down a little bit not in the adoption of technology but I'd probably take more time to build the case to bring people along a lot faster so that they can see it and they can take credit for it and they can move that needle as well yeah always sometimes early adopters and pioneers had the arrows on the back as they say I've had my share now thanks for sharing your experience what's next for you what's the next mountain you're going to climb well I think that as we're looking forward latency is still an issue you know we have to find a way to defeat latency we're not going to do it through basic physics so we're gonna have to change our business models change our technology distribution change everything that we're doing consumers and customers are demanding instant access to enhanced information through AI and m/l right at the point where they want it and that means we're now dealing with milliseconds and nanoseconds of having to make decisions so I'm very interested in looking at how are we going to change consumer behavior and customer behavior by combining a lot of the new technology trends that are underway and we have to do it also with the security in mind now before we security was secondary now as we're seeing with all of the hacks and the malware and everything that's going on in the world we have to go in and think a little bit different about how we're gonna do that so I'm very much engaged in working with a lot of startups I live here in the Silicon Valley I commute to Cincinnati for Procter & Gamble I'm spending time and just flew in from tel-aviv literally an hour ago I'm in the middle of all the technology hotspots trying to find that next big thing and it's a global it's global innovation happens everywhere and anywhere the venture community if you look at the amount of funds it used to be invested out of the Silicon Valley versus the rest of the world it continues to be on a downward trend not because the funding isn't here in the Silicon Valley but because everyone is recognizing that innovation and technology is developed everywhere in the world Alan Bain was the CTO global CTO and IT innovator there at the cube conversation here in San Hill Road I'm John for a year thanks for watching you

Published Date : Nov 5 2018

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