Q1 2024 Globant SA Earnings Call
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Speaker Change: Have you wondered about the power of reshaping and industry from within at the moment. He recognized women in the tech sector to challenge the status quo.
Speaker Change: We celebrate women that builds.
Speaker Change: Since its inception in 2020, the women that build award honors the achievements of women, who address the bias existing in technology.
Speaker Change: This year's three categories are part of our commitment towards gender parity in the industry.
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Unknown Speaker: Come on, where's the Bob we saw last night at the hotel bar? Get a technology partner that knows your business and your consumers. Globant, technology that dares to delight. Have you wondered about the power of reshaping an industry from within? At Globant, we recognize women in the tech sector who challenge the status quo. We celebrate Women That Build.
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Unknown Speaker: Since its inception in 2020, the Women That Build Award honors the achievements of women who address the bias existing in technology. This year's three categories are part of our commitment toward gender parity in the industry: Tech Executive, Tech Entrepreneur, and Tech Leader.
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Speaker Change: All participants on this call will be on listen only mode.
Speaker Change: After todays presentation, there will be an opportunity to ask questions kindly refrain from racing hands as will aim to address a select number of questions to ensure efficiency. Please note. This event is being recorded and streamed live on Youtube by now you should have received a copy of the earnings release, we have not a copy is available on our website investors <unk> com our speakers today are Martin.
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Before we begin I would like to remind you that some of our comments for our call today may be deemed forward looking statements. This includes our business and financial outlook and the answers to some of your questions such statements are subject to the risks and uncertainties are described in the company's earnings release and other filings with the SEC.
Speaker Change: Please note that we follow <unk> accounting rules in our financial statements.
Speaker Change: During our call today, we will report non <unk> or adjusted measures, which is how we track performance internally and the easiest way to compare <unk> to our peers in the industry.
Speaker Change: You'll find a reconciliation of <unk> and non air fares measures at the end of the press release, we published on our Investor Relations website announcing this quarter's results.
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Martines AI: Good afternoon, everyone I'm Martines AI created digital twin let's get started with our first quarter's results revenue reached $571.1 million, representing a 29% increase year over year and above the guidance we provided last February.
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Unknown Speaker: Come on, where's the Bob we saw last night at the hotel bar? Ha ha ha! Get a technology partner that knows your business and your consumers. Globant. Technology that dares to delight. Outro Music Good day and welcome to Globant's first quarter 2024 earnings conference call. I am Arturo Langa, Investor Relations Officer at Globant. All participants on this call will be in listen-only mode.
Speaker Change: We are very happy to deliver another quarter of industry, leading growth as one will mention later on our expectations for the year continue to support our strong 2024 and solid exit rates going into 2025.
Arturo Langa: After today's presentation, there will be an opportunity to ask questions. Please refrain from raising your hands, as we will aim to address a select number of questions to assure efficiency. Please note this event is being recorded and streamed live on YouTube. By now, you should have received a copy of the earnings release.
Speaker Change: And globally, we are confident in our resilience despite macroeconomic uncertainties with our diverse capabilities and authentic culture, we have become experts in growing our market share.
Arturo Langa: If you have not, a copy is available on our website, investors.globant.com. Our speakers today are Martin Migoya, co-founder and Chief Executive Officer, Juan Urthiague, Chief Financial Officer, Patricia Pomies, Chief Operating Officer, and Diego Tartara, Global Chief Technology Officer. Before we begin, I would like to remind you that some of our comments on our call today may be deemed forward-looking statements. This includes our business and financial outlook and the answers to some of your questions. Such statements are subject to risks and uncertainties as described in the company's earnings release and other filings with the FCC.
Arturo Langa: Please note that we follow IFRS accounting rules in our financial statements. However, during our call today, we will report non-IFRS or adjusted measures, which is how we track performance internally and the easiest way to compare Globant to our peers in the industry. You'll find a reconciliation of IFRS and non-IFRS measures at the end of the press release we published on our investor relations website announcing this quarter's results. I'd now like to turn the call over to Martin Migoya, our CEO. Good afternoon, everyone.
Speaker Change: Oh politically speaking, we benefit from our geographic footprint with a leading presence in Latin America, It's a region free from international security threats as well as being democratically vibrant culturally open entrepreneur focused and with no religious conflicts all of this has put us in a forefront position outpace.
Martín Migoya: I'm Martin's AI-created digital twin. Let's get started with our first quarter's results. Revenue reached $571.1 million, representing a 20.9% increase year over year and above the guidance we provided last February. We are very happy to deliver another quarter of industry-leading growth. As Juan will mention later on, our expectations for the year continue to support a strong 2024 and solid exit rates going into 2025. At Globant, we are confident in our resilience, despite macroeconomic uncertainty.
Speaker Change: <unk> other players in the industry. It is important to consider that when we analyzed globally, we take into account our own performance partnerships product quality and team rather than comparing ourselves to average companies industry benchmarks or sector performance.
Martín Migoya: With our diverse capabilities and authentic culture, we have become experts in growing our market share. Geopolitically speaking, we benefit from our geographic footprint with a leading presence in Latin America. It's a region free from international security threats, as well as being democratically vibrant, culturally open, entrepreneur-focused, and with no religious conflict.
Martín Migoya: All of this has put us in a leading position, outpacing other players in the industry. It's important to note that when we analyze Globant, we take into account our own performance, partnerships, product quality, and team, rather than comparing ourselves to average companies, industry benchmarks, or sector performance. In the current scenario, where most IT services firms are struggling to deliver decent growth, we expect to achieve mid-teens top-line growth for 2024 and foresee ample runway beyond.
Speaker Change: In the current scenario, where most it services firms are struggling to deliver decent growth, we expect to achieve mid teen top line growth for 2024, and foresee ample runway beyond we're going to reinvent this industry that stuck in the nineties, all while creating memorable and beautiful products that dare to delay.
Martín Migoya: We're going to reinvent this industry that is stuck in the 90s, all while creating memorable and beautiful products that dare to delight. Moving forward, we have four growth drivers for our business. One is our expanding market and the demand for our services. The revolutionary impact of AI across every global industry and how we can lead the implementation. Our specialization with our studio networks and our presence in exciting growth sectors including media, entertainment, the creative industries, sports, and many others. Our geographic scale and presence in key regions. Let me double click on each one.
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Moving forward, we envision for growth drivers for our business.
Speaker Change: One our expanding market and the demand for our services to the revolutionary impact of AI across every global industry and how we can lead the implementation three our specialization with our studio networks and our presence in exciting growth sectors, including media Entertainment the creative industries sports.
Speaker Change: And many others and for our geographic scale and presence in key regions, Let me double click on each one first our expanding addressable market the trends in AI adoption and generative AI only continued to accelerate with annual spending estimated to reach one five trillion dollars this year and up to two.
Martín Migoya: First, the expanding addressable market. The trends in AI adoption and generative AI only continue to accelerate, with annual IT spending estimated to reach $1.5 trillion this year and up to $2.3 trillion by 2028, according to Gartner. According to the IDC, spending on generative AI alone is set to double in 2024. However, our conviction is that the benefits of generative AI are only beginning to materialize. I believe that digitally mature companies such as ourselves, with expertise in AI and software engineering, will gain the most from this market expansion.
<unk> three trillion by 2028, according to Gartner. According to the IDC spending on generative AI alone is set to double in 2024, our conviction is that the benefits from generative AI are only beginning to materialize, we've seen major inroads and customer service at some of the more innovative companies.
Speaker Change: Two thirds of the customer service conversations are already handled by Jan AI powered agents with customer satisfaction on par with live chat leading to a drop of repeat inquiries by 25% I believe that digitally mature companies such as ourselves with expertise in AI and software engineering will gain the most from this <unk>.
Speaker Change: <unk> expansion, we are prime to deliver groundbreaking experiences blend physical and digital realms and drive loyalty like never before with the growth of AI AR VR and the cloud businesses like ours are building the systems of the future and setting the pace for the digital economy of tomorrow far from AI hype.
Martín Migoya: We are primed to deliver groundbreaking experiences, blend physical and digital realms, and drive loyalty like never before. With the growth of AI, AR, VR, and the cloud, businesses like ours are building the systems of the future and setting the pace for the digital economy of tomorrow. Far from AI hype, we have understood for over a decade that this technology is to be implemented at every stage of the software development cycle.
Speaker Change: We have understood for over a decade that this technology is to be implemented at every stage of the software development cycle for this reason we have led the innovation waves by introducing our proprietary AI powered tools from gene excess next for cogeneration to our GOR to speed up code productivity to navigate to clear up.
Martín Migoya: For this reason, we have led the innovation waves by introducing our proprietary AI-powered tools, from GeneXus Next for code generation, to Augur to speed up code productivity, to Navigate to clear up bottlenecks in processes, to Magnify for product testing. The diversity of our AI offering is matched by the versatility of our studio network, Digital, Reinvention, Enterprise, and Create.
Speaker Change: Bottlenecks and processes to magnify and product testing the diversity in our AI offering is matched by the versatility of our studio networks digital reinvention enterprise and create together. These studio networks offer long term value to our clients as we advance on multiyear AI transformations.
Martín Migoya: Together, these studio networks offer long-term value to our clients as we advance on multi-year AI transformations. They blend technology acumen, strategic growth outlook, as well as deep industry expertise to make our solutions truly impactful and lasting. This quarter, we were thrilled to announce a global partnership with NVIDIA. We are integrating NVIDIA's AI technology with our own enterprise AI platform. Through collaborating with NVIDIA, we are ensuring seamless integration with existing tech stacks while prioritizing accuracy, security, and scalability.
Speaker Change: They blend the technology acumen strategic growth outlook as well as deep industry expertise to make our solutions truly impactful and lasting this quarter. We were thrilled to announce a global partnership with Nvidia, we are integrating and videos AI technology with our own enterprise AI platform through collaborating with Nvidia.
Speaker Change: We're ensuring seamless integration with existing tech stacks, while prioritizing accuracy security and scalability Globus products can now accelerate time to market for AI driven solutions through the use of low code and no code and provide businesses with a competitive edge in an evolving ecosystem our third growth.
Martín Migoya: Globant's products can now accelerate time-to-market for AI-driven solutions through the use of low-code and no-code and provide businesses with a competitive edge in an evolving ecosystem. Our third growth driver is our presence in key growth sectors. Several years ago, we identified the value in blending industry expertise with technological prowess. This led us to establish our AI Reinvention Studios, which aim to help clients to reinvent not only their own companies but to pave the way for the reinvention of their industries themselves. Globant's work in all sectors of the global economy is expanding. On this call, I would like to zoom in on two of them where we are cultivating a particular focus.
Speaker Change: Driver our presence in key growth sectors. Several years ago, we identified the value and blending industry expertise with technology prowess. This led us to establish our AI reinvention studios, which aimed to help clients to reinvent not only their own companies, but to pave the way for the reinvention of their industries themselves.
Speaker Change: <unk> work in all sectors of the global economy is expanding on this call I would like to zoom in on two of them, where we are cultivating a particular focus first sports over the years, we have steadily built our credentials on key projects for FIFA Major League rugby the Los Angeles Clippers and more this quarter formula one.
Martín Migoya: First, sports. Over the years, we have steadily built our credentials on key projects for FIFA, Major League Rugby, the Los Angeles Clippers, and more. This quarter, Formula One selected Globant as an official partner to elevate the digital experience. To begin, we will be redesigning, supporting, and upgrading critical information systems for racing teams, as well as improving the fan experience through technology. As their digital partner and collaborator, we look forward to our growth together as we bring more innovation to what is the world's most technologically advanced sport.
Speaker Change: <unk> selected global as an official partner to elevate the digital experiences to begin we will be redesigning supporting and upgrading critical information systems for racing teams as well improving the fan experience through technology.
Speaker Change: As their digital partner and collaborator we look forward to our growth together as we bring more innovation to what is the world's most technologically advanced sport. We are also rapidly expanding our market share within the travel and hospitality industry globally has built its expertise over two decades by working with the major players from amusement.
Martín Migoya: We are also rapidly expanding our market share within the travel and hospitality industry. Globant has built its expertise over two decades by working with the major players from amusement parks, cruise lines, hotels, airlines, and more on the primary projects that integrated the digital element into their customer experience, from mobile apps to wearables to smart reservation systems. Building this expertise has produced positive results, as we have recently signed the largest deal in Globant's history with a major global airline. The Globant difference is that our teams do not work with our clients exclusively on current delivery but instead build into the future, transferring capabilities and know-how.
Speaker Change: Mark's cruise lines hotels airlines and more on the primary projects that incorporated the digital element to their customer experience from mobile apps to Wearables to Smart reservation systems building. This expertise has produced positive results as we have recently signed the largest deal in global history with them.
Battle: Major Global Airlines the global difference is that our teams do not work with our clients exclusively on current delivery, but instead build into the future transferring capabilities and Knowhow battle, our COO will elaborate on our industry growth across different verticals later, our fourth growth driver is our opportunities presented by.
Martín Migoya: Pato, our COO, will elaborate on our industry growth across different verticals later. Our fourth growth driver is our opportunities presented by our geographic scale. Now in 33 countries, we have the right presence in both talent and client markets that are resilient and growth-oriented in this time of macroeconomic and geopolitical uncertainty. First, Latin America, the region where we were born and currently home to 69% of our workforce.
Speaker Change: Our geographic scale now in 33 countries, we have the right presence in both talent and client markets that are resilient and growth oriented in this time of macroeconomic and geopolitical uncertainty first Latin America the region, where we were born and currently home to 69% of our workforce.
Martín Migoya: In Latin America, the IT services sector is expected to grow 11% in 2024. By 2027, the region's 5,000 largest companies may spend an estimated 25% of their budget on IT, according to Gartner. As the only global tech player from here, we already have a presence in 14 out of the top 15 cities for technology talent, and we are the employer of choice in the region. We also see strong business opportunities in the Middle East, with its emerging economies that seek to transform themselves through developing sectors including tourism, entertainment, real estate, and others, all of which Globant has demonstrated its industry expertise.
Speaker Change: In Latin America. The it services sector is expected to grow 11% in 2024 by 2027, the region's 5000 largest companies may spend an estimated 25% of their budget on it. According to Gartner as the only global Tech player from here, we already have a presence in 14 out of the top.
Speaker Change: <unk> 15 cities for technology talent, and we are the employer of choice in the region. We also see strong business opportunities in the middle east with its emerging economies that seek to transform themselves through developing sectors, including tourism Entertainment real estate and others all of which global has demonstrated its industry X.
Speaker Change: Curtis are connected experience studio enables us with the expertise to focus on digital customer satisfaction as we compete to participate in many of the regions human focused mega projects, such as smart cities amusement parks aviation wellness and luxury apparel with less than three years in the region.
Martín Migoya: Our connected experience studio enables us with the expertise to focus on digital customer satisfaction as we compete to participate in many of the region's human-focused megaprojects such as smart cities, amusement parks, aviation, wellness, and luxury apparel. With less than three years in the region, we are already working with nearly 20 clients. I'm pleased to see that Globant's hard work over this past quarter has been recognized by the industry. Everest Group named Globant a star performer and leader in the software product engineering peak matrix assessment for 2024.
Speaker Change: We are already working with nearly 20 clients I'm pleased to see that global is hard work over this past quarter has been recognized by the industry Everest group named global as a star performer and leader in the software product Engineering peak matrix assessment for 2024. It showcases the significant growth we've experienced in recent years and.
Martín Migoya: It showcases the significant growth we've experienced in recent years in knowledge and offer. Together with Rockwell Automation, our client for six years, we were recognized at the Digital Engineering Awards. This was spearheaded by Globant's Sustainable Business Studio, which released a groundbreaking sustainability calculator meticulously back-engineered to quantify energy, waste generation, and CO2 emissions in repairing industrial automation assets versus buying new ones.
Speaker Change: And offerings together with Rockwell automation, our client for six years, we were recognized at the digital Engineering Awards. This was spearheaded by global sustainable business studio, which released a groundbreaking sustainability calculator meticulously back engineered to quantify energy waste generation and C O two emissions in.
Speaker Change: Repairing industrial automation assets versus buying new ones, we're particularly proud of this award because it is a mark of how we cannot only make a difference for the top and bottom lines for our clients, but also have a positive impact on the environment as well now to some changes to our board after 12 years as a trusted adviser and board member.
Martín Migoya: We're particularly proud of this award because it shows how we can not only make a difference for the top and bottom lines for our clients but also have a positive impact on the environment. Now, to some changes on our board. After 12 years as a trusted advisor and board member, I'm sorry to see Phil O'Dean go. With seven decades of leadership experience, he was the rock of sound insight for Globant. We'll miss you, Phil.
Speaker Change: I'm, sorry to see Philo Dean go with seven decades of leadership experience. He was the rock of sound insight to globe and we'll Miss you. Phil I'm also excited to welcome new members to our board, Andrew Mclaughlin and Nicola will seen Andrew brings a wealth of experience in tech startups venture investing and digital.
Martín Migoya: I am also excited to welcome new members to our board, Andrew McLaughlin and Nicolas Agusin. Andrew brings a wealth of experience in tech startups, venture investing, and digital rights advocacy. Co-founder of Higher Ground Labs and Senior Advisor at Sandbox AQ, Andrew is a multifaceted leader. His career expertise spans from improving urban construction methods to AI and quantum technologies applied to cybersecurity, healthcare, and financial services. His experience has brought him to many leadership roles, including Executive Director of the Tsai Center for Innovative Thinking at Yale University and Deputy Chief Technology Officer of the United States during the Obama administration, among many others. He brings invaluable insight to our team.
Speaker Change: Rights advocacy.
Speaker Change: Cofounder of higher ground labs, and senior adviser at Sandbox Ecu, Andrew is a multifaceted leader his career expertise spans from improving urban construction methods to AI and quantum technologies applied to cyber security healthcare and financial services. His experience has brought him to.
Speaker Change: Many leadership roles, including executive director of the Thai Center for innovative thinking at Yale University, Deputy Chief Technology Officer of the United States. During the Obama administration among many others. He brings invaluable insight to our team Nikola <unk> has a distinguished career spanning three continents.
Martín Migoya: Nicolas Agusin has a distinguished career spanning three continents and various leadership roles in finance and global markets. Formerly the CEO of Hong Kong Exchanges and Clearing and CEO of JPMorgan Asia Pacific, he has consistently executed on a global growth vision. I'm looking forward to his counsel as we expand in Asia, a key growth market for Globant. I'll close out with a special message to our Globers, who are the essence of Globant's authenticity and our different way of doing things.
Speaker Change: And various leadership roles in finance and global markets, formerly the CEO of Hong Kong exchanges and clearing CEO of J P. Morgan Asia Pacific Nikolas has consistently executed on our global growth vision I'm looking forward to his counsel as we expand in Asia, a key growth market for global.
Speaker Change: I'll close out with a special message to our global <unk>, who are the essence of globus authenticity and our different way of doing things their perseverance and creativity is the difference that makes us partners for our clients rather than suppliers, our global presence smart technologies and deep industry expertise will reinforce our leadership.
Diego Tartara: Their perseverance and creativity is the difference that makes us partners for our clients rather than suppliers. Our global presence, smart technologies, and deep industry expertise will reinforce our leadership going forward. We have a robust pipeline of prospective clients, and we look forward to sharing their transformation stories with you in the future. With that, I'll hand it over to Diego to expand on our exciting technology offer. Thanks, Martin. It's good to be back.
Speaker Change: Going forward, we have a robust pipeline of prospective clients and we look forward to sharing their transformation stories with you in the future with that I'll hand, it over to Diego to expand on our exciting technology offering. Thanks, Martine, it's good to be back.
Diego Tartara: Our studio networks continue to develop as ecosystems that organize, showcase, and streamline Globant's capabilities. What most defines Globant at this key time in our evolution is our expanding optionality, and range of the services we create. Our reinvention studios continue to expand their offerings, now with services focused on AI, reflecting how AI is changing the landscape across every single industry. For example, in our Healthcare AI Reinvention Studio, we are working with a global company that focuses on women's health.
Our studio networks continue to develop as ecosystems that organize showcase and streamline global capabilities. What most defines globally at this key time in our evolution is our expanding optionality range of the services we create.
Diego: Our reinvention studios continue to expand their offerings now with services focused on AI, reflecting how AI is changing the landscape across every single industry in our health care AI reinvention studio, we are working with a global company that focuses on women's health. We are deploying a specialized team from all studio networks.
Diego Tartara: We are deploying a specialized team from all studio networks with expertise in pharma, AI development, creativity, and sales, combined with our GlobantX platforms to accelerate AI development. The ongoing service consists in gathering digital insights, crafting the omni-channel strategy, creating medical content, and, as a consequence, engaging customers through digital channels.
Diego: With expertise in pharma AI development creativity, and sales force combined with our global X platforms to accelerate AI developments. The ongoing service consists in gathering digital insights crafting the omnichannel strategy, creating the medical content and as a consequence engaging.
Diego: <unk> through digital channels. This service kicks off a new go to market model digital and AI first this new method will enable the company to propel brand awareness and results, while scaling to other markets and products in an agile way.
Diego Tartara: This service kicks off a new go-to-market model, digital and AI-first. This new method will enable the company to propel brand awareness and results while scaling to other markets and products in an agile way. This project is iconic for Globant as we are deploying not a technology service but a business partnership to push the envelope of results with our own autonomy and responsibility for brand performance. In the Sports AI Reinvention Studio, we are proud to be working for the International Olympic Committee. Globant will be providing the technology behind the IOC's new fan engagement platform.
Diego: This project is iconic for global as we are deploying not a technology service, but a business partnership to push the envelope of results with our own autonomy and responsibility for brand performance.
Diego: Within the sports AI reinvention studio, we are proud to be working for the International Olympic Committee globally will be providing the technology behind the Ioc's new fan engagement platform. This will enable the IOC to launch adaptive content to millions of fans and offers the scalability to provide a consistent user experience during peak.
Diego Tartara: This will enable the IOC to launch adaptive content to millions of fans and offers the scalability to provide a consistent user experience during peak times. Our CreateStudio network continues on its journey to reinvent the creative services industry through tech, and this offering is complementary to the talent from leading agency GUT.
Diego: Times, our create studio network continues on its journey to reinvent the creative services industry through Tech. This offering is complementary with the talent from leading agency got together global provides seamless creativity that leverages technology to reach global audiences within this network.
Diego Tartara: Together, Globant provides seamless creativity that leverages technology to reach global audiences. Within this network, we recently won a gold prize in the Annual Internationalist Award for supporting Avianca to optimize its ticketing system through machine learning. Also, we are working with an Italian luxury automotive brand to improve its marketing communications, applying CRM and marketing automation techniques to timely reach niche audiences. For the launch of their latest model, specifically, we supported them in building a fully digital customer journey and developing a multi-channel campaign.
Diego: We recently won a gold prize in the annual International List Award for supporting Avianca to optimize its ticketing system through machine learning.
Diego: So we are working with an Italian luxury automotive brand to improve its marketing communications applying CRM and marketing automation techniques to timely reach niche audiences and the launch of their latest model specifically, we supported them building a fully digital customer journey and developing a multichannel campaign <unk>.
Diego Tartara: GUT keeps expanding its work for some of the most beloved brands globally. They recently launched a joint global advertising campaign between Coca-Cola and Marvel, released across cinema, television, and streaming, which includes an immersive AR extension on Coca-Cola's website.
Speaker Change: <unk> is expanding its work for some of the most beloved brands globally. They recently launched the joint global advertising campaign between Coca Cola and Marvel released across cinema, TV and streaming which includes an immersive AAR extension on Coca Cola's website <unk>.
Diego Tartara: Starting with our enterprise studio network, this quarter, we've seen a healthy response to the investments we made over the years to partner with the leaders of cloud migration and other transformations. We were awarded three of the 2024 Google Cloud Partner of the Year awards, Industry Solutions Services Partner of the Year for Media and Entertainment for the second year in a row, Partner of the Year for Services in Latin America, and Partner of the Year for Talent Development in Latin America. We also achieved Amazon Web Services Premier Tier Partner status, recognized for our technical expertise and success in aiding customers with the design, architecture, building, migration, and management of their workloads on AWS.
Speaker Change: Starting with our enterprise studio network over this quarter, we've seen a healthy response to the investments we made over the years to partner with the leaders of cloud migration and other transformations. We were awarded three of the 2020 for Google Cloud partner of the year Awards industry solution services partner of the year for media and entertainment.
Speaker Change: For the second year in a row partner of the year for services in Latin America and partner of the year for talent development in Latin America. We also achieved Amazon Web services Premier tier partner status recognized for our technical expertise and success in adding customers with the design architecture building migration.
Speaker Change: And management of their workloads on AWS, we've been collaborating with AWS since 2011, and I've seen this partnership grow not only from cloud technologies, but also into gaming meta versus data digital products UX and AI from across the globe. We look forward to continuing these relationships into the future.
Diego Tartara: We've been collaborating with AWS since 2011 and have seen this partnership grow not only from cloud technologies but also into gaming, metaverse, data, digital products, UX, and AI across the globe. We look forward to continuing these relationships into the future. Lastly, we are launching a new studio to fuse our experience in marketing technology with Adobe Experience Cloud. The new Adobe Studio offers our unique methodology and AI prowess to ensure swift and effective implementation of Adobe solutions that can bring bottom-line results for our clients.
Speaker Change: Lastly, we are launching a new studio to fuse or experience in marketing technology with Adobe experience cloud.
Speaker Change: The new Adobe studio offers our unique methodology and AI prowess to ensure a swift and effective implementation of Adobe solutions that can bring bottom line results for our clients.
Diego Tartara: With a portfolio of successful implementations for some of the world's most recognizable brands across more than 20 countries, we have consistently demonstrated our ability to deliver value at scale. Within the Digital Studio Network, we are seeing the opportunity to make our mark in the promising field of robotics. Many sectors seek to gain from the increased automation, speed, and safety that the sector provides. Yet, we're already seeing growing pains that Globant can alleviate.
Speaker Change: With a portfolio of successful implementations for some of the worlds most recognizable brands across more than 20 countries. We have consistently demonstrated our ability to deliver value at scale.
Within the digital studio network, we are seeing the opportunity to make our mark in the promising robotics sector. Many sectors seek to gain from the increased automation speed and safety that the sector provides yet we're already seeing growing pains that global can alleviate that's why we recently launched our new robotic studio there is a huge challenge.
Diego Tartara: That's why we recently launched our new robotics studio. There is a huge challenge that many of our clients will face as they integrate more robotics into their operations related to the orchestration of all of those robots, usually provided by different companies, with each other and with their full digital ecosystem. The studio will have two key practices; robotics operations, or RobOps, which is a growing field that ensures maximized performance of fleets of robots, reducing downtimes and optimizing integration of different vendors, and robotics prototyping to support the customization and autonomy of robotic systems and autonomous machines.
Speaker Change: Many of our clients will face as they integrate more robotics into their operations related to the orchestration of all of those robots, usually provided by different companies with each other and with their full digital ecosystem.
Speaker Change: The studio will have two key practices robotics operations or Rob ops, which is a growing field that ensures maximize performance of fleets of robots, reducing downtime and optimizing integration of different vendors and robotics prototyping to support the customization and autonomy of robotic systems and autonomous machines.
Diego Tartara: In all cases, our teams co-create complex, autonomous robotic systems powered by advanced computer vision and telemetry. Globant will leverage a larger trend where robotics is central to connecting the physical world with the digital realm, incorporating elements of the Internet of Things, artificial intelligence, and process optimization.
In all cases, our teams co create complex autonomous robotic systems powered by advanced computer vision and telemetry glue.
Speaker Change: Globally will leverage a larger trend where robotics is central in connecting the physical world with the digital realm, incorporating elements of the internet of things artificial intelligence and process optimization Lastly, let me share. Another example on how we are leveraging our signature digital products one of our clients.
Diego Tartara: Lastly, let me share another example of how we are leveraging our signature digital product. One of our clients, a major U.S. retailer with annual sales of over $12 billion, has implemented Magnify, our AI-powered testing platform from GlobantX. In retail, where online sales are growing at an unusual rate, to the extent that 24% of sales are expected to occur online by 2026, Magnify is key in improving their overall quality processes to meet the required space.
Speaker Change: A major U S retailer with annual sales of over $12 billion has implemented.
Speaker Change: Mental magnify, our AI powered testing platform from global X in retail where online sales are growing at an unusual rate to the extent that 24% of sales are expected to occur online by 2026, magnify is key and improving their overall quality processes to meet the required.
Speaker Change: Space.
Diego Tartara: Testing time of some features across five devices previously demanded over six hours of work and is now just 30 minutes. By implementing Magnify and adding artificial intelligence to their quality assurance processes, the team was able to test more scenarios, more frequently, and it also provided better accuracy in the testing results.
Speaker Change: Testing time of some features across five devices previously demanded over six hours of work and is now just 30 minutes by implementing magnify and adding artificial intelligence to their quality assurance processes. The team was able to test more scenarios more frequently it also provided better accuracy in the testing results.
Speaker Change: This generated a significant increase in testing coverage, while saving time with that I'll hand, it over to Patricia Pommies, our COO to expand on our commercial delivery and people updates. Thank you very much.
Patricia Pomies: This generated a significant increase in testing coverage while saving time. With that, I'll hand it over to Patricia Pomies, our COO, to expand on our commercial, delivery, and people updates. Thank you very much. Thank you, Diego. It's a pleasure to be back. Our 100-squared strategy remains our North Star for strengthening relationships with our clients and offering more services as we grow our collaboration over time. We currently have 17 clients bringing in more than $20 million of annual revenue, and we now have 318 clients that provide more than $1 million of annual revenue. This is 15.2% more than one year ago.
Patricia Pomies: Thank you Diego, it's a pleasure to be back our 100 squared strategy remains our north star for strengthening the relationships with our clients and offering more services as we grow our collaboration overtime. We currently have 17 clients, bringing in more than $20 million of annual revenue.
Speaker Change: And we now have 318 clients that provide more than $1 million of annual revenue 15, 2% more than one year ago revs.
Patricia Pomies: Revenue from our largest client, the Walt Disney Company, grew 6.7% on a year-over-year basis and currently represents 8.3% of our total revenue. The rest of our accounts grew 22.4% year over year, reflecting the increasing diversity of our revenue sources and reduced risk exposure. In order to provide more granularity into our diversified regional performance, we have reported Europe as a stand-alone market, with the Middle East being bucketed into new markets. This reflects how we operate internally, and it will help investors gauge the traction in our more up-and-coming markets. In Q1 this year, 56% of our revenue came from North America, 22.9% from Latin America, 17.2% from Europe, and 3.9% from new markets, a region that encompasses our efforts in the Middle East, Asia, and Oceania.
Speaker Change: Revenue from our largest client the Walt Disney Company grew six 7% on a year over year basis, and currently represents eight 3% of our total revenue the.
Speaker Change: The rest of our accounts grew 22, 4% year over year, reflecting the increasing diversity of our revenue sources and reduced risk exposure in order to provide more granularity into our diversified regional performance, we have reported Europe as a standalone market with the middle east being bucket it into.
Speaker Change: New markets. This reflects how we operate internally and it will help investors gain the traction in our more up and coming markets.
Speaker Change: In Q1 this year, 56% of our revenue came from North America 22, 9% from Latin America, 17, 2% from Europe, and three 9% from new markets.
Speaker Change: Region that encompasses our efforts in the Middle East Asia and Oceania.
Patricia Pomies: Europe is the top gainer, growing by 56.1% year over year and 6.6% quarter over quarter. Additionally, the performance across our business verticals reflects our solid execution. We achieved notable year-on-year growth across virtually all of our business segments. Travel and hospitality emerged as the fastest-growing vertical, experiencing a remarkable 66.5% year-over-year increase and contributing 11% to our total revenue. Also, our consumer, retail, and manufacturing sectors exhibited strong growth at 49.6% year-over-year.
Speaker Change: Europe is the top gainer growing by 56, 1% year over year, and six 6% quarter over quarter.
Speaker Change: Additionally, the performance across our business verticals reflects our solid execution, we achieved notable year on year growth across virtually all of our business segments travel and hospitality emerged as the fastest growing vertical experiencing a remarkable 66, 5% year over year increase and.
Speaker Change: <unk>, 11% to our total revenue.
Speaker Change: Also our consumer retail and manufacturing sector exhibited strong growth at 49, 6% year over year.
Speaker Change: Media and entertainment banking financial services, and insurance and health care, each showed robust double digit growth as well.
Patricia Pomies: Each showed robust double-digit growth as well. As Globant scales up both in the size of our team as well as the array of our offering, we are mindful of the opportunity we have to amplify the impact of our solutions. Embracing our new cultural value of being cross-selling heroes, we started the year launching a novel integration model. This model is designed to provide a seamless and streamlined experience for companies joining our family through M&A.
Speaker Change: As global scales up both in the size of our team as well the array of our offering we are mindful of the opportunity we have to amplify the impact of our solutions.
Speaker Change: Embracing our new cultural value of being cross selling heroes, we started the year launching a novel integration model. This model is designed to provide seamless and streamlined experience for companies joining our family through M&A.
Patricia Pomies: The new transition team operates on a decentralized basis and is focused on each region, accelerating the integration process with new colleagues and ensuring more direct access to complementary business opportunities. As an example, Sportion, our joint venture with LaLiga, has already booked deals involving own-specific offerings along with Globant's pre-existing services.
Speaker Change: The new transition team operates on a decentralized basis and is focused on each region accelerating the integration process with new colleagues and ensuring more direct access to complementary business opportunities.
Speaker Change: As an example portion our joint venture with La Liga have already booked deals involving one specific offerings, along with global <unk> preexisting services.
Patricia Pomies: Second, we kicked off an initiative to develop industry-tailored, multi-technology experience rooms in some of our flagship offices, such as Los Angeles, Madrid, London, Sao Paulo, and Mexico City. The AI Playgrounds, as we will call them, will serve as immersive spaces highly enriched with AI-driven features, where our top prospective and current clients will be able to accelerate their own digital journey by looking into real cases and best practices where Globant applied its capabilities. Now to our headcount. As of March 31st, we have 28,991 Globers, of which 92.9% are IT professionals. The total headcount figures represent a year-over-year growth of 2,703 GLOBERs.
Speaker Change: We kicked off an initiative to develop industry tailored multi technology experience rooms in some of our flagship offices, such as Los Angeles Madrid, London, Sao Paolo in Mexico City, the AI playgrounds, as we will call them will serve as immersive spaces highly enriched with AI driven features where are.
Speaker Change: Top prospective and current clients will be able to accelerate their own digital journey by looking into real cases, and best practices, where globe into applied its capabilities.
Speaker Change: Now to our head count as of March 31st we are 28991 globally of which 92, 9% our it professionals.
Speaker Change: Total head count figures represent a year over year growth of 2000, and 703 Globus our utilization rate for Q1 stood at 79, 3% up 10 basis points year over year. This quarter I am pleased to announce that global is now in the Philippines further strengthening our global footprint.
Patricia Pomies: Our utilization rate for Q1 stood at 79.3%, up 10 basis points year-over-year. This quarter, I'm pleased to announce that Globant is now in the Philippines, further strengthening our global footprint. Our attrition rate over the past 12 months is 8.2%, 6.3% points lower year over year. As our company grows, we are not only expanding our reach but also constantly evolving our ways of working to foster autonomy, collaboration, and innovation. During the last earnings call, I showcased different AI-powered platforms, such as Jino and Sensei, which have revolutionized the way we assemble our teams and bolster Glober's skills.
Speaker Change: Our attrition rate over the past 12 months is eight 2% six three percentage points lower year over year.
Speaker Change: As our company grows we are not only expanding our reach but also constantly evolving our ways of working to foster autonomy collaboration and innovation.
Speaker Change: During the last earnings call I showcase different AI powered platforms, such as Gino and sensei, which have revolutionized the way, we assemble our teams and bolster global skills.
Patricia Pomies: Now, through the lens of AI, we have an unprecedented opportunity to reinvent the Agile approach that has so strongly shaped software development. A team of our most experienced Agilists is working to redefine the rules of Agile itself in a concept we call Cognitive Agile Practices. Already piloted in projects in the banking industry, where we are testing a more dynamic delivery system due to the acceleration of growing digital ecosystems, we are seeing positive increases in response time and client satisfaction. Cognitive Agile practice is all about working toward customer purpose rather than achieving structured project goals.
Now through the lens of AI, we have an unprecedented opportunity to reinvent the agile approach that has so strongly shaped software development a team of our most experienced agile list is working to redefine the rules of agile itself in a concept we call cognitive agile practices.
Speaker Change: Already piloted in projects along the banking industry, where we are testing a more dynamic delivery system due to the acceleration of growing digital ecosystem. We are seeing positive increases in response time and client satisfaction cognitive agile practice is all about working towards customer purpose.
Speaker Change: Rather than in structured project goals I look forward to sharing more with you as this method application grows.
Patricia Pomies: I look forward to sharing more with you as this method's application grows. Regarding our community, our role remains strong. Launched in 2020, our Code Your Future initiative is aimed at creating a pathway for more people, particularly women and socioeconomic minorities in developing countries, to enter the technology talent market. We have already trained 12,000 people through this initiative, and we are now announcing 1,250 new scholarships. Finally, we launched the fifth edition of the Women That Build Awards.
Speaker Change: Regarding our community our ROE remained strong launched in 2020, our code your future initiative is aimed at creating a pathway for more people, particularly women and socioeconomic minorities in developing countries to enter the technology talent market. We have already trained 12000 people.
Speaker Change: Through this initiative and we are now announcing 1250 new scholarships.
Speaker Change: Finally, we launched the fifth edition of women that build awards. This initiative spotlights the female role in tech with the objective of inspiring more to take the giant leap in their careers academics are entrepreneurial projects.
Patricia Pomies: This initiative spotlights the female role in tech with the objective of inspiring more to take the giant leap in their careers, academics, or entrepreneurial projects. To date, we've evaluated over 6,000 candidates from over 50 countries, garnering more than 310,000 votes.
Speaker Change: To date, we've evaluated over 6000 candidates from over 50 countries, garnering more than 310000 votes.
Juan Ignacio Urthiague: The support of more than 150 organizations and the participation of 240 international judges. Now, let me introduce Juan, our CFO. See you all in a few minutes for the live Q&A. Thank you. Thank you, and good afternoon, everyone.
Speaker Change: The support of more than 150 organizations and the participation of 240 international judges.
Speaker Change: Now, let me introduce one our CFO seawall in 10 minutes for the live Q&A. Thank you.
Juan Ignacio Urthiague: I am glad to be back here with you to discuss this quarter's results. In a complex macro and industry environment, we are confident Globant is on track to deliver another year of industry-leading results. Our first quarter revenues reached a milestone of $571.1 million, a remarkable 20.9% year-over-year growth and above the guidance provided to the market. More importantly, this growth continues to place us in a solid position to deliver upon our high growth expectations for the year.
Speaker Change: And good afternoon, everyone I'm glad to be back here with you to discuss this quarter's results in a complex macro and industry environment. We are confident globe and is on track to deliver another year of industry, leading results. Our first quarter revenues reached a milestone of $571.1 million a rim.
Speaker Change: <unk>, 29% year over year growth and above the guidance provided to the market more importantly, this growth continues to place us in a solid position to deliver upon our high growth expectations for the year. This quarter, we saw growth in all of our geographic segments on annual terms and in six out of our eight industry.
Juan Ignacio Urthiague: This quarter, we saw growth in all of our geographic segments on annual terms and in six out of our eight industry verticals, pointing to a broad-based performance. On organic constant currency terms, Q1 revenues grew 12.7% year-on-year, above our guidance.
Speaker Change: Verticals pointing to a broad based performance on organic constant currency terms Q1 revenues grew 12, 7% year on year above our guidance.
Juan Ignacio Urthiague: We remain optimistic about the year. Secular technology trends are encouraging, driven mainly by AI, and as seen in the broader technology sector, this is already being reflected in tangible financial metrics. While macro-related concerns and soft IT spending will continue in the short term, we are encouraged by our short-term business indicators, which continue to support our quarterly growth outlook for the rest of 2024. Our pipeline is strong and at record levels, and recent booking trends in the past months support our outlook.
Speaker Change: We remain optimistic about the year secular technology trends are encouraging driven mainly by AI and as seen in the broader technology sector. It is already being reflected intangible financial metrics, while macro related concerns and soft it spending will continue into the short term. We are encouraged by our short term business.
Speaker Change: Indicators, which continue to support our quarterly growth outlook for the rest of 2024.
Speaker Change: Our pipeline is strong and at record levels and recent booking trends in the past months support our outlook. Moreover, we see our growth driven by a robust set of initiatives across our geographic and industry segments.
Juan Ignacio Urthiague: Moreover, we see our growth driven by a robust set of initiatives across our geographic and industry segments. The performance across our regions reflects our solid execution. We saw year-on-year growth across all of our geographic segments. North America, which represents close to 56 percent of our top line, expanded at a 10.3 percent year-on-year rate. LATAM, 22.9 percent of revenue, grew 27.2 percent year-on-year, despite some of the exchange rate volatility seen in the region recently.
Speaker Change: Performance across our regions reflects our solid execution, we saw year on year growth across all of our geographic segments, North America, which represents close to 56% of our top line expanded at a 10, 3% year on year rate lock them 22, 9% of revenue grew 27, 2% year.
Speaker Change: On year, despite some of the exchange rate volatility seen in the region recently.
Juan Ignacio Urthiague: Europe expanded at a 56.1% year-on-year rate and at a 6.6% quarter-on-quarter clip. The robust performance in Europe is a reflection of the recent investments made by the company in the region, a very strong performance in the sports industry, our ability to capture synergies from recently acquired assets, and our differentiated value proposition in the region. Excluding inorganic contributions, Europe is still tracking markedly above the company average
Speaker Change: Europe expanded at a 56, 1% year on year rate and at a six 6% quarter on quarter clip. The robust performance in Europe is a reflection of the recent investments made by the company in the region, a very strong performance in the sports industry, our ability to capture synergies from recently acquired assets and our <unk>.
Speaker Change: <unk> value proposition in the region, excluding inorganic contributions Europe is still tracking markedly above the company average.
Juan Ignacio Urthiague: Lastly, in New Markets, we posted a 33.7% annual growth rate, all in organic terms. This is reflective of our advances both in APAC and the Middle East, which are all tractioning strongly. We closed the first quarter with an adjusted gross profit margin of 38%, flat on a quarter-over-quarter basis.
Speaker Change: Lastly, in new markets, we posted a 33, 7% annual growth all in organic terms. This is reflective of our advances both in APAC and the middle East, which are all traction in strongly.
Speaker Change: We closed the first quarter with an adjusted gross profit margin of 38% flat on a quarter over quarter basis, we've managed to offset a tough pricing environment currency fluctuations and macroeconomic pressures through improvements in our geographic mix and through our premium offering.
Juan Ignacio Urthiague: We've managed to offset a tough pricing environment, currency fluctuations, and macroeconomic pressures through improvements in our geographic mix and through our premium offering. Additionally, we've managed to maintain an adjusted operating margin of 15%, virtually flat on year-on-year terms. We remain committed to the long-term profitability of the company, and while we recognize there are some short-term headwinds around margins, we will continue to strive to maximize revenue and margins and walk away from a growth-at-all-costs approach.
Speaker Change: Also we've managed to maintain an adjusted operating margin of 15% virtually flat on year on year terms, we remain committed to the long term profitability of the company and while we recognize there are some short term headwinds around margins, we will continue to strive to maximize revenue and margins and walk away from our growth at.
All cost approach.
Juan Ignacio Urthiague: Our adjusted net income in Q1 reached $67.5 million, with a 11.8% adjusted net income margin, up 10 basis points year over year. Adjusted diluted EPS for the quarter was $1.53, in line with our guidance, representing a 19.5% year over year increase based on 44.1 million average diluted shares.
Speaker Change: Our adjusted net income in Q1 reached $67 $5 million with a 11, 8% adjusted net income margin up 10 basis points year over year adjusted diluted EPS for the quarter was $1 53 in.
Speaker Change: In line with our guidance, representing a 19, 5% year over year increase based on $44 1 million average diluted shares our balance sheet remains strong we've strategically managed our net cash position ending the quarter with $237 $5 million in cash and short term investments.
Juan Ignacio Urthiague: Our balance sheet remains strong. We've strategically managed our net cash position, ending the quarter with $237.5 million in cash and short-term investments. As of March 31st, 2024, we continue to have ample funding stemming from our revolving credit facility, which has approximately drawn down $105 million out of the $725 million available. This should provide ample funding options for our organic and inorganic plans in the short term. The strong cash generation provides the company with solid funding to focus on growth, reinforce our strategic investments, and finance our future growth initiatives.
Speaker Change: As of March 31, 2024, we continue to have ample funding stemming from our revolving credit facility, which has approximately drawn down $105 million out of the $725 million available. This should provide ample funding options for our organic and inorganic plans in the short term.
Speaker Change: The strong cash generation provides the company with solid funding to focus on growth reinforce our strategic investments and finance our future growth initiatives.
Juan Ignacio Urthiague: Turning to the future outlook, we remain optimistic about 2024. We are on track to deliver on our mid-team growth guidance, and the short-term visibility supports that. We have continued to experience positive momentum in bookings and large deals, which keeps us optimistic about our outlook for 2024. Moving forward, we'll be providing ranges rather than at least thresholds. This approach offers a more accurate reflection of our current industry dynamics and offers a view of where management's outlook lies within a range of scenarios.
Speaker Change: Turning to the future outlook, we remain optimistic for 2024, we are on track to deliver on our mid teen growth guidance in the short term visibility supports that we have continued to experience a positive momentum in bookings and large deals, which keeps us optimistic about our outlook for 2024 moves.
Speaker Change: Moving forward, we'll be providing ranges rather than at least thresholds. This approach offers a more accurate reflection of our current industry dynamics and offers a view of where management's outlook lies within a range of scenarios for Q2, 2024, we project $585 million to $589 million in <unk>.
Juan Ignacio Urthiague: For Q2 2024, we project $585 to $589 million in revenue, implying an 18% year-over-year increase at the midpoint of the range, and adjusted operating income margins between 14.5% and 15.5%. IFRS's effective income tax rate is expected to be in the 22% to 24% range, and our adjusted EPS for Q2 is expected to be in the range of $1.47 to $1.52, assuming 44.2 million average diluted shares outstanding for the quarter.
Speaker Change: Revenue, implying at 18% year over year increase at the midpoint of the range with adjusted operating income margins between 14, five and 15, 5% Ifr.
<unk> effective income tax rate is expected to be in the 22% to 24% range and our adjusted EPS for Q2 is expected to be in the range of $1 47.
Speaker Change: To $1 52, assuming $44 2 million average diluted shares outstanding for the quarter.
Juan Ignacio Urthiague: Now let's move toward the full year guidance. We continue to be very confident about delivering another year of industry-leading growth. Based on current visibility, we now estimate our 2024 revenues to be between $2,405,000,000 and $2,440,000,000, implying a 15.6% year-over-year increase at the midpoint of the range. This range is very much in line with our previous growth guidance provided three months ago. For the full year, we expect our Adjusted Operating Margin to be in the 14.5% to 15.5% range. The 2024 IFRS Effective Income Tax Rate is expected to be in the 22% to 24% range.
Now, let's move towards the full year guidance, we continue to be very confident about delivering another year of industry, leading growth based on current visibility. We now estimate our 2020 for revenues to be between 2 billion and $405 million and $2.440 billion, implying a 15, 6% year.
Speaker Change: A year increase at the midpoint of the range. This range is very much in line with our previous growth guidance provided three months ago.
Speaker Change: For the full year, we expect our adjusted operating margin in the 14, 5% to 15, 5% range 2020 for Ifr S. Effective income tax rate is expected to be in the 22% to 24% range.
Speaker Change: Finally, our adjusted diluted EPS for 2024 is expected to be in the range of $6 20 to $6 50.
Speaker Change: Assuming $44 3 million average diluted shares for the year.
As we conclude I want to express my gratitude to all of our shareholders and investors as a management team, we remain committed to creating value for our shareholders. Thank you everyone for joining the call today and for your continued support and belief in our vision and strategy. We look forward to updating you on our progress throughout the <unk>.
Speaker Change: During year.
Juan Ignacio Urthiague: Finally, our adjusted diluted EPS for 2024 is expected to be in the range of $6.20 to $6.50, assuming 44.3 million average diluted shares for the year. As we conclude, I want to express my gratitude to all of our shareholders and investors. As a management team, we remain committed to creating value for our shareholders. Thank you everyone for joining the call today and for your continued support and belief in our vision and strategy.
Speaker Change: Thank you Juan and Hello, everyone. It's good to see you again, so as we go through the Q&A section of this call I will first announce your name.
Juan Ignacio Urthiague: We look forward to updating you on our progress throughout the coming year. Thank you, Juan, and hello everyone. It's good to see you again. So as we go through the Q&A section of this call, I will first announce your name. Then please ask your question, and afterwards, please mute your line.
Speaker Change: Please ask your question and afterwards. Please me airline also I would like to ask everyone to please limit themselves to one question. So we can get everybody and thank you very much. So the first question comes from the line of tens and one from JP Morgan since in your line is open. Please go ahead.
Unknown Speaker: Also, I would like to ask everyone to please limit themselves to one question so we can get everybody in. Thank you very much. So the first question comes from the line of Tianxin Huang from J.P. Morgan. Tianxin, your line is open.
Unknown Speaker: Please go ahead. Hi, good to see you guys. Thanks, as always, for the question opportunity. I'll ask about the positive momentum in the bookings that you refer to, and everyone refers to. I think I heard you had a large airline win, of course, F1, IOC, some good larger wins, it sounds like. Do these wins inform your outlook in any way? Do you expect some of these bookings to convert in the second half?
Speaker Change: Good to see you guys. Thanks as always for the two question opportunity.
Speaker Change: I'll ask on the positive momentum in the bookings that you referred to all of you referred to I think I heard you had a large airline win of course F. One ioc's some larger wins it sounds like so.
Speaker Change: Do these wins inform your outlook in any way do you expect some of these bookings to convert in the second half I'm just trying to gauge your confidence into the <unk>.
Unknown Speaker: I'm just trying to gauge your confidence in the sequential growth that's implied in the second half of the guide. Thank you. Thank you so much for the question. How are you?
Speaker Change: <unk> growth is implied in the second half I got it thank.
Speaker Change: Thank you.
Unknown Speaker: Good to see you again. Yes, those large bookings are quite interesting, and they will have an impact on our revenue, of course, moving forward. In the guidance that we provided, we tried to bake in all those things. So we are trying to be, you know, in line with the idea of what's going on in the market and what we have already guided in the past. So that's the short answer to your question. Thank you.
Speaker Change: Alright. Thank.
Speaker Change: Thank you so much for the question how are you good to.
Speaker Change: See you again.
Yes, those flush with gains are quite interesting and it will have an impact on our revenue of course moving forward.
Speaker Change: On the guidance that we provided we tried to bake in all those things. So we are trying to.
Speaker Change: B you know inline with the idea of what's going on on the market and what we already guided in the bus so.
That's the short answer to your question.
Speaker Change: Thank you.
Unknown Speaker: Also, just to add on Martin's answer, when you look at the sequential growth for the second half of the year, you know, you have these bookings that are coming. And then there's some, you know, incremental number of days, especially in Q3, which is typically our strongest quarter. Yeah, and the momentum on bookings that you mentioned is real.
Speaker Change: Also in June just two.
Martin: To add on Martin cancer, when you look at the sequential growth from second half of the year.
Martin: You have these bookings that are coming.
Martin: And then there is some.
Incremental number of days, especially in Q3, which is typically our strongest quarter.
Speaker Change: Yes, and the momentum in bookings that you that we referred is real I mean, we are seeing.
Unknown Speaker: I mean, we are seeing some recovery, and that's quite interesting to see what didn't happen in the past. Right, yeah, so, large deal wins, which are great, plus some of the billing differences. But it's not just the large deals. I mean, it's the large deals plus the whole thing moving forward. Glad to hear it. Thank you. Thank you. Thank you, Xinxin. Our next question comes from the line of Moshe Katri from Wedbush. Moshe, your line is open.
Some recovery and that's quite interesting to see what he didn't happen in the bus right.
Speaker Change: Right, yes, so some large deal wins, which are great plus some of the billing day differences.
Speaker Change: The larger deals I mean is it the larger deals plus the whole thing moving forward right.
Speaker Change: Thank you.
Speaker Change: Thank you.
Speaker Change: Thank you Tien Tsin. Our next question comes from the line of Moshe <unk> from Wedbush.
Speaker Change: Your line is open. Please go ahead.
Unknown Speaker: Please go ahead. Thanks. And again, congrats on very strong results again. Some folks are kind of concerned that decisions related to AI or AI deployment are actually impacting overall spending or maybe pausing spending in general. Are you seeing that in your business? I mean, from our perspective, it seems that it's going to be more of an accelerator than anything else, but maybe some color there could help. Thanks a lot. Sure, Moshe. Thank you so much for the question. How are you?
Moshe Katri: Thanks, and again congrats on very strong results again.
Speaker Change: So some.
Speaker Change: Some folks are kind of concerned that.
Moshe Katri: AI is actually decisions related to AI or AI deployment is actually impacting overall spending or maybe pausing spending in general are you seeing that in your business.
Speaker Change: From our perspective, it seems that it's going to be more of a an accelerated than anything else, but maybe some color there could help thanks a lot.
Unknown Speaker: I will answer the first portion and then I will let Diego answer the second one. I see that this is in the same way as happened when mobiles appeared, and the digital transformation got triggered. First, people adopted mobiles, and then digital transformation was the answer of enterprises adopting that technology to be closer to their customers and connect in a more emotional way. And that was the whole thing that happened during the digital transformation.
Speaker Change: Sure Moshe. Thank you so much for the question on Hawaii, I will I will answer the first portion and then I will let diego to answer the second one.
Diego: I see that there is in the same way.
Diego: <unk> happen when when the mobile appear in the digital transformation got triggered.
Diego: First people adopted mobile and then digital transformation was the answer of enterprises adopting.
Diego: Adopting that technology to be closer to their customers and connect in a more emotional way and that was the whole thing that happened during the digital transformation.
Unknown Speaker: In the same way, what's happening today is that people have already adopted AI. And you see, you know, on the latest release of Chat GPT 4.0, more than 100 million users are using that technology every day. And that will trigger and that know-how, that collective know-how will trigger massive transformations in the companies, too. I mean, every single sector in the company will need to adopt that new technology that will yield multi-year transformation programs for pretty much every single company. Now, at what speed that happens, and we have been repeating that since since many quarters ago, the speed may differ.
Diego: In the same way what's happening today is that people already adopted AI and you see.
Speaker Change: No on the latest.
Speaker Change: Release of chat TBD for O.
Speaker Change: Above a 100 million users are using everyday that technology and that will trigger and that knowhow that collective knowhow will trigger like massive transformation on the on the on the companies too I mean every single sector and the company will need to adopt that.
Speaker Change: No technology that will yield.
Speaker Change: Two.
Speaker Change: Multi year transformational programs.
Speaker Change: For pretty much every single company now at which speed that happens and we have been repeating that this from.
Speaker Change: Since since.
Speaker Change: Many quarters ago.
Unknown Speaker: We're seeing some projects that are becoming reality, and they're going into production going to scale at some of our customers. In the, sorry, in the course before, we saw more exploratory projects; we'll still see those exploratory projects, but now a little bit more of those projects are entering into production. But the important thing here is that AI will be pretty much everywhere. I mean, it's embedded in the way we think about the future of Globant.
Speaker Change: The speed may differ we're seeing some projects that are becoming reality.
Speaker Change: And they are going into production going into scale in some of our customers.
Speaker Change: In the.
Speaker Change: So in the quarters before we saw.
Speaker Change: Like more exploratory projects, we'll still see those exploratory brushes for now a little bit more of those projects enter into production.
Speaker Change: But the important thing here is that AI will be pretty much everywhere I mean is it.
Unknown Speaker: It's embedded in the way we are offering our solutions to our customers. But still, the movements around transforming the enterprise and enterprise solutions are still there. Similarly, the digital movement is still there.
Speaker Change: Embedded in the way, we're thinking the future of globe and it's embedded in the way we are offering our solutions to our customers feel the moment around transforming the enterprise and the enterprise solutions is still there still the digital movement is there still there's a lot to do on the digital space.
Unknown Speaker: Still, there's a lot to do in the digital space. There's still a lot to do in the digital marketing space. And still, there's a lot to do in reinventing those businesses, to go to the next level using AI. So we are being very careful to position Globant in that.
Speaker Change: Still there's a lot to do on the digital marketing space.
Speaker Change: And still there's a lot to do on reinventing their those businesses.
Speaker Change: To go to the next level.
Speaker Change: Using using AI. So we are being very careful to position global on that.
Unknown Speaker: We're investing heavily in having tools that accelerate the way software is being created, and software will be created at a much faster speed than before. That's, that's a reality that didn't exist before that exists today.
Speaker Change: We're investing heavily into having tools that accelerate the way software is being created and software will be created at much faster speed than before that's that's a reality that didn't exist before that exists today and together with that acceleration in software ambitions with all.
Unknown Speaker: And together with that acceleration of software ambitions, we'll also create. So there's a brand new set of opportunities that will be open, as we move forward. So I'm not concerned about those decisions being delayed. I think people have more uncertainty on the macroeconomic side. I think it was very good news to have the interest rate, sorry, inflation on the good side, let's call it on the good side in the U.S.
We also create so theres a brand new set of opportunities that will be open.
Speaker Change: As we move forward.
Speaker Change: So I'm not concerned about those those decisions being delayed I think people has more uncertainty on the macroeconomic side. There was very good news to have dangerous sorry, the inflation.
Speaker Change: On the wood side, let's call it on the good side in the U S.
Unknown Speaker: So I think that those things slowly, little by little, will start to recover the investment in the IT space, on the technology space, as I think it is desperately needed by every single corporation. But I would like Diego to go more into that, how deep AI is penetrating everywhere. So Moshe, hi.
Speaker Change: So I think that those things slowly little by little we'll start to recover the investment on the it space on the technology space.
Speaker Change: I think it's desperately needed by every single corporation, so, but I will like be able to go more into that how deep AI is penetrating everywhere.
Unknown Speaker: Like Martin said, we haven't seen AI as a decelerator for big programs. With the specific tracks for AI, companies continue to be pretty much exploratory. There are some concerns out there, and that's public with regard to putting this in and connecting this to the clients directly. And that's why most of the projects have to do with internal tooling processes, etc. We will get there. No worries.
Speaker Change: Well Moshe.
Speaker Change: Like Martin said, we haven't seen.
Speaker Change: AI as a decelerate or for bigger programs with a specific trucks.
Speaker Change: For AI.
Unknown Speaker: And there's also a factor that has to do with how big and how fast this is moving. So whenever you need to make a decision, technology is changing so fast that, you know, many companies are sort of reluctant or engaging in a lengthy project and, you know, see how the technology they have chosen matures and changes in time. And that is why GeneXus Enterprise AI plays a huge role as a middleware to the actual implementations, providing you with control over what model you use, higher degrees of security, control over the outputs, et cetera. Thanks a lot. Thank you. Thank you, Moshe. Our next question comes from the line of Maggie Nolan from William Blair. Maggie, please go ahead.
Speaker Change: Companies continue to be pretty much exploratory there are some concerns out there in that.
Speaker Change: Public with regards silver put in this.
Speaker Change: And connecting this to the clients directly and that's why most of the projects have to do with our internal tooling processes et cetera, we will get there no worries in there is also a factor there has to do with how big and how fast this is moving.
Speaker Change: So whenever you need to make a decision.
Speaker Change: She is changing so fast that you.
Speaker Change: Many companies are sort of reluctant or engaging into a lengthy project.
Speaker Change: In you know see how the technology they have chosen matures and changed in time and that is why to an extra center price AI.
Speaker Change: Please a huge role.
Speaker Change: For me the word to the actual implementations, providing you with control too.
Speaker Change: To what model you use.
Speaker Change: Higher degrees of security control on the outputs et cetera.
Speaker Change: Thanks, a lot.
Speaker Change: Thank you thank you much.
Thank you Moshe our next question comes from the line of Maggie Nolan from William Blair. Maggie. Please go ahead.
Unknown Speaker: Hi. Thank you.
Margaret Marie Niesen Nolan: Hi, Thank you.
Maggie Nolan: You.
Margaret Marie Niesen Nolan: Now that you have a guidance range in place for revenue can you elaborate on the expectations for the economic backdrop and the demand environment. The low end and the high end of the guidance range.
Unknown Speaker: Now that you have a guidance range in place for revenue, can you elaborate on the expectations for the economic backdrop and the demand environment at both the low end and the high end of the guidance range? Sure. So, you know, the new guidance basically has a more conservative number. The number that we feel is more realistic is at the middle of the range, a more optimistic number. The main differences between those are basically whether the macroeconomic conditions deteriorate or improve.
Speaker Change: Sure. So you know.
Speaker Change: The new guidance basically has a more conservative number the number that we feel is more realistic in the middle of the of the range.
Speaker Change: We're optimistic number the main differences between those is very quickly.
Speaker Change: The mark the macroeconomic conditions deteriorate.
Unknown Speaker: If things stay more or less the same, you know, with the industries performing in line with what we are showing in our Q1 numbers, then we would probably land, you know, around the midpoint. But if, for some reason, things start to deteriorate further, there is, you know, a deterioration in some of the sectors and things like that, we're going to go to the lower end. If things start to recover a little bit faster, we see some recovery in tech, and we see some more recovery in professional services, then we could end up towards the upper end of the range. Thank you. Thank you, Maggie. Thank you, Maggie.
Speaker Change: Or improve if things stay more or less the same.
Speaker Change: You know we've.
Speaker Change: The industry is performing.
Speaker Change: In line with what we are showing.
Showing in our Q1 numbers then we would probably land you know around the midpoint. If for some reason you know things start to the Deere further there if you know the duration in some of the sectors and things like that when I go to the lower end if things start to recover a little bit faster, we'll see some recovery in pick we'll see some more.
Speaker Change: Recovery in professional services, then we can end up towards the upper end of the range.
Speaker Change: Thank you.
Speaker Change: Thank you and goodbye.
Unknown Speaker: Thank you, Mari. Our next question comes from the line of Brian Bergin from TD Cohen. Brian, please go ahead. Hi everyone, good to see you. Maybe I'll try margin.
Speaker Change: Thank you Mary our next question comes from the line of Bryan Bergin from Telecom, Brian. Please go ahead.
Unknown Speaker: So maybe, can you talk about what the incremental pressure points have been here since last quarter? You know, how much of this has purely been FX versus the competitive markets? And the levers you may have to help offset it as you go through the year, understanding you revised the outlook, but what are you leveraging to help offset some of the pressures? And also, just anything as you think about beyond this year, any change in the overall profitability, anything to be aware of?
Bryan C. Bergin: Good to see.
Maybe I'll, maybe I'll try.
Speaker Change: Margin. So maybe can you talk about what the incremental pressure points have been here since last quarter.
Speaker Change: How much of this is purely been FX versus competitive markets and the levers you may have to help offset it as you go through the year understanding you revise the outlook, but what are you leveraging to help offset some of the pressures and also one just anything as you think about beyond this year any change in the overall profitability of anything.
Speaker Change: Be aware of.
Unknown Speaker: Yeah, sure. Thank you, Brian, for the question. So in terms of operating margins, you know, we moved the guidance from 15 to 16 to 14.5 to 15.5. Basically, what we are seeing there are two things. We are not seeing any improvement on the FX side. The Colombian peso, the Mexican peso, and some other currencies continue to be very, very strong against the dollar.
Speaker Change: Sure. Thank you Brian for the question. So in terms of operating margins and how we move the guidance from 15000.
Speaker Change: 16 to 14, and a half to 15 and a half basically what we're seeing there are two things we're not seeing any improvement on the FX side, you know Colombian peso Mexican peso and some other currencies continued to be very very stronger against the dollar.
Speaker Change: Due Dili station number for Q1 was slightly below where we expected.
Unknown Speaker: And, you know, the utilization number for Q1 was slightly below what we expected. And, you know, we plan to maintain that number. Hopefully, we would like to improve it. But we are planning to maintain, you know, our thinking on the recovery that we are starting to see in some of the industries, the recovery that we are already seeing heading to Q2, where the sequential growth is back to 2.8%. And also the recovery in the second, in the third quarter, and fourth quarter on a sequential basis that we are estimating based on the bookings that we have just announced recently. So that might result in margins being more towards, you know, the 15% number. And that's why we decided to move the range a little bit. Again, we are not assuming any improvement on the FX side.
Speaker Change: We plan to maintain that number.
Speaker Change: We would like to improve it but we were planning to maintain.
Speaker Change: You know our blowers thinking man on the recovery that we are.
Speaker Change: Starting to see in some of the industries. The recovery that we are already seeing here into Q2, whereas the sequential growth is back on a two 8% and also the recovery in the second and the third quarter and fourth quarter on a sequential basis. We are estimating based on the bookings that we have just announced recently so.
Speaker Change: That might result in margins being more towards the 15% number.
That's why we decided to move a little bit the range.
Speaker Change: Again, we are not assuming any improvement on the effect size and I think that.
Speaker Change: It is important for us to continue working they were working where we want to grow but not at any cost right. We need to protect our margins. This is a long term game and we need to protect margins as much as we can.
Unknown Speaker: And I think that it's important for us to continue working in the way we're working where, you know, we want to grow, but not at any cost, right? We need to protect our margins. This is a long-term game.
Unknown Speaker: And we need to protect margins as much as we can. Okay, very good. Thank you.
Speaker Change: Okay very good thank you.
Welcome.
Unknown Speaker: Thank you. Now our next question comes from the line of Jonathan Lee from Guggenheim. Jonathan, please go ahead.
Speaker Change: Thank you and our next question comes from the line of Jonathan Lee from Guggenheim Jonathan. Please go ahead.
Unknown Speaker: Great. Thanks for taking our question. Now, how should we think about the visibility you have into project ramps for the remainder of the year? And, you know, what in your customer conversations gives you confidence around bookings, conversion, and realization through the remainder of the year, given some of the project delays we've been seeing across the industry? Yeah, when you look at our numbers, I mean, if you look at the guidance from last quarter, back in February, 16.2%, look at the midpoint of the range, which is what we feel, you know, we should end up at this point, 15.6%. It's an extremely minor adjustment.
Speaker Change: Great. Thanks for taking my question.
Speaker Change: Should we think about the visibility you have into project ramps for the remainder of the year and you know what in your customer conversations gives you confidence around bookings conversion and renewal and realization through the remainder of the year given some of the project delay as we can see across the industry.
Speaker Change: Yeah. When you look at our members I mean, if you look at the guidance from last quarter about being February 16, 2% look at the midpoint of the range, which is where we feel we should end up at this point 15, 6%, it's an extremely minor adjustment and a big part of that is actually coming from.
Unknown Speaker: And a big part of that is actually coming from, you know, the euro and the GBP, which are playing against us and at the same time that our European business is growing. So there's really almost no difference in the guidance from February and the guidance today, so visibility stays more or less the same.
Speaker Change: The euro under GBP.
Speaker Change: Which are playing against us and at the same time that our European business is growing. So there is really almost no difference in the guidance from February and the guidance today.
Speaker Change: So we see this stays more or less the same I mean, we still rely on new bookings, we're not living on the backlog. So it's a combination of backlog plus new bookings. It's good news that we are seeing some big deals.
Unknown Speaker: I mean, we still rely on new bookings; we are not living on the backlog. So it's a combination of the backlog plus new bookings. It's good news that we are seeing some big deals closing, and that helps to improve visibility. But at the end of the day, you know, it's a very similar number if we are just looking at effects, and hence the visibility stays more or less the same. Probably the most positive news, as Martin was describing, are these large deals that we just closed, one of which was announced here in the first part of the call. So visibility stays the same.
Speaker Change: Closing and that helps to improve visibility.
Speaker Change: But at the end of the day you know, it's it's a very similar number if we adjust for FX and hence the miscibility stays more or less the same.
Speaker Change: Really the most positive news as of I think it was describing are these large deals that we just closed one of which was announced here in the in the first part of the call. So visibility stays the same.
Speaker Change: I appreciate that detail. Thank you.
Unknown Speaker: I appreciate that detail. Thank you. Thank you, Jonathan. The next question comes from the line of Ryan Potter from Citi. Ryan, please go ahead.
Speaker Change: Thank you Jonathan.
Speaker Change: The next question comes from the line of Ryan <unk> from Citi. Ryan. Please go ahead.
Unknown Speaker: Hey, yeah, thanks for taking my question. Looking at your verticals, it looks like professional services and technology communications are maybe seeing the softness. Can you discuss some of the demand trends you're seeing in those verticals? And we've seen some of your peers kind of call it softness within professional services and seen some client restructuring headlines in that area. So can you also comment if you're being impacted by the client restructurings in that area? Thanks.
Ryan: Hey, Thanks for taking my question looking at your vertical wells it looks like professional services and technology and communications, maybe youre seeing softness.
Ryan: As customer demand trends youre seeing in those vehicles and we've seen some of your peers kind of call. It softness within professional services and seen some arent restructurings timelines in that area.
Speaker Change: But can you also comment are being impacted by the restructuring.
Ryan: Yeah.
Unknown Speaker: So in terms of professional services, basically, what we have been seeing throughout the last few quarters is a stable business. It's not growing, it's not decreasing significantly, just a few points here and there, but it's a business that has been stable over the last few quarters. The same thing with technology, you know, last quarter, we mentioned that the decrease had stabilized, and it continues to be, you know, in that same behavior, let's say, it continues to be the case. On the other hand, you are seeing some other industries performing extremely well, right? Travel and hospitality, you know, are growing north of 50%.
Speaker Change: So in terms of professional services basically what we have been seen throughout last few quarters is a stable business.
Speaker Change: It's not growing it's not decreasing significantly just a few points here and there but it does it's a reason that it has been stable over the last few quarters.
The same thing with technology, you know loss last quarter, we mentioned that.
Speaker Change: The decrease had stabilized and it continues to be you know.
Speaker Change: In that same.
Speaker Change: Behavior.
Speaker Change: We needed to be the case.
Speaker Change: On the other side you are seeing some other industries performing extremely extremely well right now because we've already you know growing north of 50%, our consumer business consumer and retail business growing also at a similar pace. So we still I mean, it would be ideal to see a recovery in tech and telecommunications.
Unknown Speaker: Our consumer business, consumer and retail business, is growing also at a similar pace. So we still, I mean, it would be ideal to see a recovery in tech and telecommunications, which have been down for the last two years or flat to down. And professional services, you know, what we are seeing is a very stable business that is not significantly moving either up or down. That's the situation we are seeing.
Speaker Change: Patients that has been down for the last two years or are flat to down over the last two years.
Speaker Change: On professional services you know what we're seeing is a very stable business, which is not significantly moving either up or down. That's the situation. We're seeing we've got we continue to expect more growth on media and entertainment our sport business is expanding a lot.
Unknown Speaker: We continue to expect more growth in media and entertainment. Our sports business is expanding a lot. Disney is showing an improvement. You know, if you look at the numbers for the first quarter, it grew almost 7% year over year.
Speaker Change: With me is showing an.
Speaker Change: An improvement if you look at the numbers for first quarter. It grew almost 7% year over year keep in mind that in 2023. The account was slightly down year over year. So that's good news media and got them in this with us.
Unknown Speaker: Keep in mind that in 2023, the account was slightly down year over year. So that's good news. Media entertainment is good news.
Unknown Speaker: Retail manufacturing, very good news. Travel, very good news. BFSI, we are starting to see good momentum. Some large deals are also coming on that front.
Speaker Change: Retail manufacturing and very good news travels very good news via first started we are starting to see good momentum. Some large deals also come in on that front. So they are the only I would say the only industry, where we still need to see some recovery and we know at some point is going to come is technology and telecommunications and then of course professional services yes.
Unknown Speaker: So the only, I would say the only industry where we still need to see some recovery, and we know at some point it's going to come, is technology and telecommunications. And then, of course, professional services. Yeah, one thing I would like to emphasize over there is that, you know, if you see Globant, if you see some of our competitors, you will see that Globant consistently holds market share, right? And that's a very important ability to put on the table and emphasize. When most of them are decreasing or growing at small numbers, we're still maintaining our ability intact to get that market share. So we're very proud of that.
Speaker Change: One thing I would like to emphasize.
Speaker Change: Over there is that we.
Speaker Change: If you see global and if you see some of our competitors you will see that that flow manage consistently stealing market share right.
Speaker Change: And that's a very important ability to to put on the table into and to accentuate.
Speaker Change: When when most of them are decreasing or are growing at small numbers, we're still maintaining.
Speaker Change: Our ability intact to get that market share. So we're very proud of that.
Unknown Speaker: And I think that's a result of everything we're doing and the investments we have been making in the AI space, in the sports space, on every single platform that we are fostering and pushing to our customers. So that's beyond any sector. But I would like to say that our growth remains pretty solid across the sectors because of that common factor, of that ability to gain market share.
Speaker Change: And I think that's a result of everything we're doing and investments we have been doing on the AI space on the sports space on every single blood.
Speaker Change: Platform that we are fostering and pushing to our customers.
Speaker Change: That's the sort of beyond any sector I would like to say that our growth remains pretty solid across our sectors because of that common factor of that ability of getting market share.
Unknown Speaker: Yeah, and of course, diversification space, right? Because having, you know, exposure to all those sectors, diversification in terms of geographies, going heavily into Europe, going heavily into MENA, you know, that also pays off and helps to maintain industry-leading growth this quarter and, and of course, for the 2024 guidance. Also, sorry, I'm adding to that. I think we have been for the last.
Speaker Change: And of course, the diversification space right, because having you know.
Speaker Change: [noise] bowsher to all those sectors.
Of course, if you gave them in terms of geographies, you know going heavily into Europe, who are in heavily into Mena.
Speaker Change: That also base often shelves to maintain.
Speaker Change: And industry leading growth.
Speaker Change: This quarter on and of course for the 'twenty 'twenty four guidance.
Speaker Change: Oh, sorry.
Speaker Change: Sorry, I'm, adding to that I think we have been for the last 15 years or 20 years, we have been de especially if they can in the way we had been product and software. It has to do with delighting, our customers and the experience that the brand has with their customers and their users and that is not changing right now in fact, it's getting more and more deeper.
Unknown Speaker: For 15 years or 20 years, we have been very specific in the way we do products and software. It has to do with delighting our customers and the experience that the brand has with their customers and their users. And that is not changing right now.
Unknown Speaker: In fact, it's getting more and more deeper. So that special place where Globant is right now is what is giving us the way to grow in different kinds of strategies and verticals. For example, as Juan was mentioning, in new markets, we have the same objectives of trying to build a new way of connecting with consumers, a new way of connecting with citizens. So there, the expertise of Globant is going beyond what we can do.
Speaker Change: So that patient a special place where below the knee is right now is what is given as the way to growing in different kind of strategies and vertical for example, as one was mentioning in new markets. We have to send the objectives of trying to build a new way of connecting with consumers in new ways of connecting with citizens.
Speaker Change: So were their expertise cloven is going beyond what we can do it. So I think that <unk> has been building across the last couple of years different kind of offering and values and technologies and product that we've been resolved by now and in different industries also the partnership that we announced.
Unknown Speaker: So I think that Globant has been building, across the last couple of years, different kinds of offering, values, technologies, and products that are really addressing right now. And in different industries, also the partnership that we announced in this call and the last one, it has to do with that, right, with how we engage with customers, how we are going to have different experiences and better experiences in the way we are using and transforming the way. I see it's being reflected in impressive growth rates here. Thanks again.
Speaker Change: In this call and the last one it has to do with that right with heavily engaged with our customers. How we would go into that.
Speaker Change: Make a different experiences and better experiences in in the way we are using in transforming the way.
Unknown Speaker: Thank you. Thank you. Thank you. Thank you, Ryan. Our next question comes from the line of Divya Goyal from Scotia. Divya, please go ahead. Your line is open. Thank you, everyone.
Alright.
Speaker Change: Compressco growth rates here. Thanks, Kevin. Thank you. Thank you. Thank you.
Speaker Change: Thank you Ryan. Our next question comes from line of Veeva <unk> from Scotia Bank. Please go ahead. Your line is open.
Veeva <unk>: Thank you everyone. So I just wanted to get some color on the geographic growth you did mention that you set up an office in Philippines I noticed there has been some sequential decline in U S. It's sort of like stayed at the 10% Mark over the past few quarters I'm, just trying to understand I using the same trend or outsource.
Unknown Speaker: You did mention that you set up an office in the Philippines. I noticed there has been some sequential decline in U.S. It's sort of like stayed at the 10 percent mark over the past few quarters.
Unknown Speaker: I'm just trying to understand, are you seeing the same trend for outsourcing? And do you anticipate automation to drive automation and outsourcing to actually drive an upside to this margin impact that you're seeing in your margins in the shorter term? Let me take the first part of the question. So when the Philippines' new office is a delivery center, so it's not a market that we are going after, but it's a place from where, you know, we source talent to deliver to our customers around the world, including, of course, MENA, because of the time zone. Regarding the question regarding the US, the small sequential decline that we have there is explained by two things.
Veeva <unk>: Thing and do you anticipate automation to drive automation and outsourcing to actually drive an upside to this margin impact that you're seeing in your margins in the short term.
Speaker Change: I'll take the first part of your question. So the Philippines, New office is a delivery center. So it's not <unk>.
Speaker Change: Market that we are going after but it's a play from where.
Speaker Change: We source talent.
Speaker Change: Two the mirador customers in and around the world, including of course, Mina because of times from although the question regarding the U S.
Speaker Change: Small sequential decline that we have there is explained by two things one if you remember back in February we mentioned that in Q4, we had sold around $5 million to $6 million in licensees or there was a one off I wasn't going to happen. If we exclude that effect. The other effect that we are seeing is our professional.
Unknown Speaker: One, if you remember, back in February, we mentioned that in Q4, we sold around $5 to $6 million in licenses. That was a one-off. That was not going to happen. If we exclude that effect, the other effect that we are seeing is our professional services business, and our technology business, which is primarily in the US. So it's kind of consolidating in that in those areas. Other than that, we are seeing good momentum.
Speaker Change: Services business, our technology business, which is primarily in the U S. So it's very very kind of.
Speaker Change: Consolidated in that in those areas.
Speaker Change: Other than that we are seeing good momentum and actually we are expecting growth for the second quarter and for the rest of the year.
Speaker Change: There was a second part of your question.
Speaker Change #100: With the automation and outsourcing.
Unknown Speaker: And actually, we are expecting growth for the second quarter and for the rest of the year. There was a second part of the question. It had to do with automation and outsourcing. Our strategy, as you probably know, our delivery model is global, meaning we provide the right services with global quality from the places where there's the right talent. And it hasn't changed.
Speaker Change: Our strategy.
Speaker Change: You probably know our delivery model as global meaning we provide the right services with the.
Speaker Change: Global quality from the places, where there's the right talent and it hasn't it.
Speaker Change: It hasn't changed.
Speaker Change: So is exactly that our expansion and open offices, where the right talent is where there is potentially commercial engagements etc.
Unknown Speaker: So it's exactly that, our expansion and opening offices where the right talent is, where there's potentially commercial engagement, etc., has always been the case. With regard to where the talent is being sourced and how the market behaves with that, we have seen an improvement in the flexibility with regard to where the services are being provided. That has been happening for a few years now, but I don't think that it has broadly affected how we are distributed in our global presence.
Speaker Change: We know what is the case with regards to.
Speaker Change: Where the talent is being sourced then and.
Speaker Change: How the market behaves without we have seen.
Speaker Change: Well see an improvement in the flexibility with regards to where the services are.
Speaker Change: Are being provided.
Speaker Change: That has been happening for a few years now, but I don't think that it has a.
Broadly affected how we are a distributor and our global presence.
Unknown Speaker: Thank you. Now, our next question. Thank you, David. Thank you, Divya. Our next question comes from the line of Arvind Ramnani from Piper Sander. Arvind, please go ahead.
Speaker Change #101: Thank you our next phase.
Speaker Change #102: Thank you. Our next question cultural lineup Arvin Romani from Piper Sandler. Please go ahead.
Unknown Speaker: Hi, thanks for fitting me in. I just had a couple of questions on, you know, just the overall shape of the rest of the year. I mean, you know, kind of just kind of doing some simple math here, you get to about six percent sequential growth for the 3Q and 4Q, and that should get you to a good kind of full-year number. But obviously, like, it's not going to be exactly the same, but if you can give us some color, you know, do you expect 3Q to be stronger or 4Q to be stronger?
Arvind Anil Ramnani: Hi, Thanks for thanks for.
Arvind Anil Ramnani: Fitting me in I, just had a couple of questions.
Arvind Anil Ramnani: Yes.
Speaker Change #104: Shape off the off the rest of the year I mean, it kind of just doing some simple math here.
Speaker Change #105: Got it.
Speaker Change #105: 6% sequential growth for the trickier in Tokyo and that should get you to a good good kind of full year number.
Speaker Change #106: But obviously that you guys are going to be exactly the same but if you can give us some color do you expect <unk> to be stronger a poker to be stronger.
Unknown Speaker: And then the second thing is, depending on some of these new ramps, is there potentially upside, or are they just fully embedded in existing guidance? So the current guidance at the midpoint is basically what we are expecting and includes the current bookings that we announced and that we closed earlier in the year. When you look at the cadence in terms of growth, you know, for the second quarter, the midpoint of the range, the sequential growth is 2.8 percent.
Speaker Change #106: And then the second thing is think depending on some of these new ramps.
Speaker Change #107: Surely upside or are they just fully embedded in existing guidance.
Speaker Change #108: The current guidance at the midpoint is basically.
Speaker Change #108: What we are expecting and includes the current bookings that we announced in May we closed earlier.
Speaker Change #108: Earlier in the year when you look at the cadence in terms of growth.
Speaker Change #108: For the second quarter at the midpoint of the range. The sequential growth is two 8% Q3 as you know almost two more days.
Unknown Speaker: Q3 has, you know, almost two more days, and the implied or the number that we are estimating for Q3 is around slightly above five percent sequential growth. And then the number that gets implied in terms of sequential growth for Q4 is around four and a half percent. That's how the year is built.
Speaker Change #108: The implied or the number that we are estimating for Q3 is around slightly above 5% sequential growth and then the number that gets implies in terms of sequential growth for Q4 is around 4.5%. That's how the year is built and we don't need to go through I mean at the midpoint of the range.
Unknown Speaker: We don't need to go to, I mean, at the midpoint of the range, we don't need to go to the six percent that you are calculating. So it's a little bit lower than that. And those are the numbers. Thank you. Thank you. Thank you, Arvind. Our next question comes from Tyler DuPont from Bank of America. Tyler, please go ahead.
Speaker Change #108: We don't need to go to this 6% or do.
You are calculating so it's a little bit lower than that and those are the numbers.
Thank you.
Speaker Change #109: Thank you Aaron next question confluence of Tyler <unk> from Bank of America Taylor. Please go ahead.
Speaker Change #110: Hi, good afternoon. Thanks, Thanks for taking my question I wanted to just ask about demand trends since the last call.
Unknown Speaker: Hi, good afternoon, thanks for the question. I want to just ask about demand trends since the last call. You know, given the call at 65-ish basis points of tweak in top line guidance at the midpoint, just sort of curious if you can discuss sort of what the main drivers are there. Would you say it's more driven by a slowdown in clients just releasing budget dollars to actual spend, or their clients actually changing sort of the scope of certain projects? Any other dynamics there worth considering?
Given the call it 65 ish basis points tweaking and topline guidance at the midpoint just sort of curious if you can discuss sort of what the main drivers are there would.
Would you say, it's more driven by a slowdown in clients just releasing budget dollars to actual spend.
Speaker Change #110: Or their clients actually changing sort of the scope of certain projects.
Speaker Change #110: Any other dynamics, there worth considering and just given where we are right now what do you need to see from sort of a macro standpoint to gain confidence with sort of bottoming out and sort of entering this upward inflection in demand. Thank you.
Unknown Speaker: And just given where we are right now, what do you need to see from sort of a macro standpoint to gain confidence in sort of bottoming out and sort of entering this upward inflection in demand? Thank you. Thank you so much, Tyler. How are you?
Unknown Speaker: So I believe that demand has improved in the last few months. The only question mark that remains is that, you know, all these bad situations that were created while inflation last month was going up or not going down as fast as expected, so on and so forth. So I tend to think what we are seeing at Globant is that bookings are improving as opposed to what was happening before. But at the same time, the question, Margaret, lies in how this will move forward. I think that if things keep on going like what happened yesterday, it will be fine.
Speaker Change #111: Thank you so much Tyler how are you.
Speaker Change #110: Yeah.
Speaker Change #112: So I believe that demand has improved in the last few.
Speaker Change #113: <unk> quarter in the last few months.
Speaker Change #114: The only the only question Mark that remains there. He said you know all this.
Speaker Change #114: Like bad situation that was created while inflation last months was going up or not going down as fast as expected so on and so forth.
Speaker Change #114: So I tend to.
Speaker Change #114: What we are seeing a slowdown is that bookings are improving.
Speaker Change #114: As opposed to what was happening before.
Speaker Change #115: But at the same time the question Margaret.
Speaker Change #115: Liaison on how this will move forward I think that is.
Speaker Change #115: Thinks keeps on going like what happened yesterday with.
Unknown Speaker: But, as we said before, the macroeconomic environment is still uncertain, and we are very responsible in the way we guide the market. So that's why we want to enter with this new range. I don't know, Juan, if you want to add something to that. No, no. What I would add there is that, in any case, you know, we're at the midpoint of the range we're talking about. Yeah, well, 15.6% growth, of which a little bit over 10% is organic growth.
Speaker Change #115: And with inflation it will be it will be fine.
Speaker Change #115: But as we said before the macroeconomic and buyer environment is still uncertain and we and we're very responsible in the way we guide the market. So that's why we want to enter with this new range I don't know, but if you put it.
Speaker Change #115: Or are there is that in any case you know we're at the midpoint of the range. We're talking about yeah, well 15, 6% growth of which delivered over 10% is organic growth. So we are discussing the level of growth here.
Unknown Speaker: So we are discussing the level of growth here. We're not discussing whether the business is going to go down minus 10%, minus 2%, or plus one, right? We're talking whether, you know, it's 15, 15, and a half, 16.2, around those levels.
Speaker Change #115: We're not discussing where the business is going to go down minus 10% minus 2% or plus one right. We're talking whether it's 15 15 and a half 16 point to around those levels, but you know.
Unknown Speaker: But, you know, we are growing as a company on a year over year basis, starting in Q2. So more like what Martin was saying, whether it's going to be a little bit more or a little bit less, there is, of course, some impact of the volatility in the macro that is impacting our customers in terms of their decisions. But in any case, again, we're talking about whether we're going to grow faster or a little bit slower than we were anticipating. That's very helpful. Thank you. You're welcome.
Speaker Change #115: We are growing as a company on a year over year very seasonal sequential quarter starting into Q2. So.
Speaker Change #116: More like when Martin was saying you know, whether it's going to be a little bit more even less there is of course, some impact of the volatility in the macro that is impacting our customers.
Speaker Change #116: In terms of their decisions, but in any case again, we're talking about where we're going to grow faster or a little bit slower than we were anticipating.
Speaker Change #117: That's very helpful. Thank you youre.
Speaker Change #118: Youre welcome. Thank you.
Unknown Speaker: Thank you. Thank you, Tyler. Our last question comes from the line of Leonardo Olmos from UBS. Leonardo, please go ahead.
Tyler: Thank you Tyler our last question comes from the line of no none of the Olmos from UBS Dinardo. Please go ahead.
Unknown Speaker: Hi. Good evening, everyone. Thank you for taking the question. So my question is basically centered on Argentina.
Speaker Change #120: Hi, Good evening, everyone. Thank you for taking the question. So my question is basically center on Argentina, If you could discuss a little bit the macro conditions of the country I respect the.
Unknown Speaker: Could you discuss a little bit the macro conditions of the country, how you expect developers' costs to be impacted, and what are your views for the remaining 2024? Thank you. Yeah, so things are improving in Argentina. You know, they are getting more stable. Of course, back in December, there was a depreciation that, as we discussed in the last quarter, had an impact on our Q1 revenues. The impact was around $15 million in that quarter.
Speaker Change #121: The developer's cost to be impacted and whether your view for the remaining 2024. Thank you. Yeah. So things are improving in Argentina, or they're getting more payroll I'm of course in backing back in December there was a depreciation that as we discussed in the last quarter have an impact on our Q1.
Speaker Change #122: Revenues the impact was around $15 million in that quarter, we already closed around 10 million of those 15. So we still have about five in our Q2 numbers.
Unknown Speaker: We have already closed around $10 million of those $15 million. So we still have about five in our Q2 numbers that, you know, depending on each negotiation with our customers, will get fully sold or partially sold. But we made very, very good progress compared to where we were back in towards the end of December. Customers understood the situation. In terms of the impact on costs, you know, in our industry, in Argentina, salaries tend to be dollarized. So they tend to follow the U.S. dollar.
Speaker Change #122: That you know depending on each negotiation each negotiation.
When our customers will get fully solve or partially sold by where we made very very good progress compared to where we were working towards the end of December customers understood integration in terms of.
Speaker Change #122: The impact on costs.
In our industry in Argentina salaries tend to be polarized. So they tend to follow there.
Speaker Change #122: The U S dollar so it doesn't really change much.
Speaker Change #122: The situation because salaries and got a very good impact back in December now inflationary needs to go into a little bit faster than than currency devaluation. So it's offsetting part of that benefit back in December but all in all we are not expecting big changes on that front in Argentina give it to just complementing that little bit more color on what's going on.
Unknown Speaker: So it doesn't really change the situation much because salaries got a very good impact back in December. Now inflation is going a little bit faster than currency devaluation, so it's offsetting part of that benefit in December. But all in all, we are not expecting big changes on that front in Argentina.
Unknown Speaker: Yeah, but just complementing a little bit more what's going on there? I mean, for the first time, we're seeing a government that is being very responsible with spending, and that is creating a pretty healthy macroeconomic environment, although inflation is still high, but it's coming down very, very fast. So we have bigger expectations for the Argentinian economy to start to recover again and recover very fast. So let's see. That's good to hear. Thank you very much. Thank you. You're very welcome. I hope this time we're lucky.
Speaker Change #122: There I mean for the first time, we're seeing a government that is being very responsible on spending and.
Speaker Change #122: That is creating like a pretty healthy macroeconomic environment, although we're still inflation is high but is.
Speaker Change #122: It's coming down very very fast.
Speaker Change #122: So we have bigger expectations out there at Indiana economy to start to recovery again.
Speaker Change #122: And recover very facility.
Speaker Change #123: That's good to hear thank you very much.
Speaker Change #124: Thank you you're very welcome.
Speaker Change #125: I hope this time, we're lucky.
Unknown Speaker: Thank you very much, Leonardo. So that will be it for the Q&A section today. Thank you all for participating, and now I will ask Martin to offer some closing comments. Martin, your line is open.
Speaker Change #125: Thank you very much.
Speaker Change #126: So that will be for that will be it for the Q&A section of today. Thank.
Speaker Change #127: Thank you all for participating on our I will ask Martin to offer some closing comments Martin Your line is though.
Unknown Speaker: Thank you. Thank you very much to everyone for participating today. Thanks to everyone that is following us on the streaming.
Martin: Thank you. Thank you very much for everyone for participating today are things to everyone that is following us on the streaming and I.
Martin: I I want to highlight.
Unknown Speaker: And I want to highlight the support that we received from all the shareholders. So, at our last shareholders' meeting that happened last Friday, we had a record number of people participating and a record number of positive votes for all our ideas and how we're managing the company. So we're extremely happy with that. I want to say a big thanks for that. We'll keep on challenging every single thing we see in front of us.
Martin: The support that we received from the from all the shareholders. So on our last shareholders meeting that happened last Friday, where.
Martin: Where we had a record amount of people participating in a record positive both for all our you know.
Martin: Ideas and how we're managing the company. So we're extremely happy with that I want to say a big thanks to that we.
Martin: We will keep on challenging every single thing we see in front of US we will keep on being extremely nobody with our offering and the way we get to our customers.
Unknown Speaker: We'll keep on being extremely innovative with our offering and the way we get to our customers. So we are extremely positive about the future of the company and how Globant will reinvent this industry. So thank you to all the analyst community for covering us, for supporting us, for being here today. I'm really looking forward to keeping on interacting in the future. Thank you very much. Bye. See you.
Martin: So we are extremely positive about the future of the company and how global will.
Martin: Reinvent this industry.
Martin: So thank you to all the analysts community for covering F for supporting us for being here today and really looking forward to keep on interacting in the future. Thank you very much.
Unknown Speaker: Bye. Bye-bye. Hello everyone, welcome to our little afternoon session.
Speaker Change #128: I see alright.
Speaker Change #128: Yeah.
Speaker Change #128: [music].
Speaker Change #128: Okay.
Speaker Change #128: Okay.
Speaker Change #128: Yes.
Speaker Change #128: Okay.
Speaker Change #128: Yes.
Speaker Change #128: Okay.
Speaker Change #128: Okay.
Speaker Change #128: Okay.
Speaker Change #128: Okay.
Speaker Change #128: Hello, everyone welcome to our little afternoon session.
Unknown Speaker: Pretty much as a bit of housekeeping as these guys do, I wanna tell you how we're gonna run this session. We are hoping to have an informal conversation in front of you. We have our little coffee cups here.
Speaker Change #128: Pretty much as a bit of housekeeping as they these guys do I want to tell you how we're going to run this session.
Speaker Change #128: We are hoping to have an informal conversation in front of you we have our little coffee cups here, we are not going to have a very structured panels. So we don't know exactly what's going to come out that's intentional and we're just going to try to be for people who are in this industry, who love what they do and who talk about everything that's coming.
Unknown Speaker: We are not gonna have a very structured panel, so we don't know exactly what's gonna come up. That's intentional. And we're just gonna try to be four people who are in this industry, who love what they do, and who talk about everything that's coming. Think of it sort of like a second date kind of thing.
Speaker Change #128: Think of it sort of like a second date kind of think we do have some notes in case it goes upward.
Unknown Speaker: We do have some notes in case it goes awkward. But to kick things off, I do want to show you a video that will set the tone for how we're going to go about it. Can you roll?
Speaker Change #128: But to kick things off I do want to show a video that will set the tone for how we're going to go about it.
Can you wrong.
Unknown Speaker: Folks, we are here to make the fast food business faster. Many times, we don't really know what to order, but there is a part of your body that always does. Introducing Taste ID. Taste ID will revolutionize the way that your consumers consume, with just one generous lick. Oop, sorry. I'm, There we go. Taste ID will create and order exactly the combo you would like to eat.
Speaker Change #128: We are here to make the fast food business faster. Many times, we don't really know what to order, but there is a part of your body.
Speaker Change #128: It always does introducing taste I D taste idea will revolutionize the way that your consumers consume.
Unknown Speaker: Uh, and apologies, there's just the one prototype, so... Y'all just feel free to share. How do you know our customers will like it? Will they like it?
Speaker Change #128: With just one generous lick.
Speaker Change #128: Sorry.
Speaker Change #128: There we go taste idea will create and order exactly the combo you would like to eat.
Speaker Change #128: And apologies, there's just the one prototype cells.
Speaker Change #128: Ill just feel free to share.
Speaker Change #129: How do you know our customers want Lanka like it they're got a leg.
Unknown Speaker: They're going to lick it. Nice. Go ahead and lick it, Bob. It has an antivirus. You gotta lick it to get the French fries, Bob. Come on. Where's the Bob we saw last night at the hotel bar?
Bob: Yeah go ahead, Bob it Hasnt anti virus.
Speaker Change #131: You got to look at to get the French fries, Bob come on whereas the Bob We saw last night at the hotel bar.
Unknown Speaker: Ha ha ha! Get a technology partner that knows your business and your consumers. Globant. Technology that really dares to delight. So you can see we're a little bit irreverent.
Speaker Change #132: Get a technology partner that knows your business and you can humans globin technology that really dares to delight.
Speaker Change #132: So you can see we're a little bit irreverent, we're a company that lab technology, but loves being real about technology not.
Unknown Speaker: We're a company that loves technology but loves being real about technology, not the hype, not the crazy things, loves talking about real stuff. I'm gonna introduce myself. I'm Carolina Dolan Chandler, the Chief Digital Officer at this company. Been here 17 years, and have had the craziest non-linear career you can imagine.
Speaker Change #133: It's not the crazy things labs talking Ryals that I'm going to introduce myself I'm Catalina Dolan Chandler the Chief Digital officer at this company been here 17 years have done the craziest non linear a carrier you can imagine and I genuinely get extremely excited about technology every day and I'm going to let my palette.
Unknown Speaker: And I genuinely get extremely excited about technology every day. And I'm gonna let my panelists start introducing themselves. Thank you very much, Carolina.
Speaker Change #134: Start introducing himself.
Schreder, Sudarsan: Thank you very much Carolina, I'm Schreder, Sudarsan I'm, the Chief Technology Officer at Spark cognition, we provide.
Unknown Speaker: I'm Sridhar Sudarsan. I'm the Chief Technology Officer at Spark Cognition. We provide AI solutions for the industrial sector, so manufacturing, aerospace and defense, energy, and retail are a few of the sectors that we focus on. Thank you very much for having me on this panel. And I've been in the industry for about 26 years. Well, you were very humble about it, just an AI platform called Watson, but that was a pioneer. My name is Mangesh Patil.
Provide AI solutions for the industrial sector, so manufacturing aerospace and defense energy retail.
Schreder, Sudarsan: Our view of the sectors that refocus on.
Speaker Change #136: Thank you very much for having me on this panel and I've.
Speaker Change #136: Been in the industry for about 26 years and was previously.
There is no creators of Ibm's AI platform called Watson.
Speaker Change #136: Well.
Speaker Change #136: Humble about it just AI platform called Watson.
Speaker Change #136: It was a pioneer.
Speaker Change #137: Uh huh.
mangus bottle: My name is mangus bottle, thanks for having me on the panel.
Unknown Speaker: Thanks for having me on the panel. I'm the Chief Analytics Officer at HCA Healthcare. Now, many of you may know our company from the local brand. Here in Austin, we are a St. David hospital system. In Dallas, we are Med City Dallas.
mangus bottle: And their chief analytics officer.
Health care.
mangus bottle: Many of you may be knowing our company from the local branch so here in Austin.
mangus bottle: David Hospital system in Dallas, We had made.
mangus bottle: The Dallas, but overall between U S and U K, we are closer to 100 hospitals and about 2500 ambulatory services and freestanding ers.
Unknown Speaker: But overall, between the US and the UK, we have close to 200 hospitals and about 2,300 ambulatory services and freestanding ERs. I'm relatively new to health care. [inaudible] Prior to HCA, I worked for Disney for about 10 years, where I led Disney's Innovation Lab for the first five years, and then Disney's AIML practice and platform. And I have a software development background and a degree in engineering. Thank you. My name is Diego Tartara.
mangus bottle: Again.
Speaker Change #139: I'm relatively new to health care I have some physicians in my.
Speaker Change #139: Body sitting here from Ara, So theyre going to correct me, if I misstate anything from a clinical point of view.
<unk>.
Prior to HCA I work for Disney for about 10 years.
Speaker Change #139: Where I led these needs an innovation lab for first five years and then it is.
Speaker Change #139: These AI ml practice and platform.
And then I have a software developed my background.
Speaker Change #140: Hearing that.
Unknown Speaker: I'm the global CTO for this irreverent company that you just saw. I've been with the company for 16 years, so I've done quite a few things. And now I'll give you an overview of the full spectrum of technologies, super interesting crossovers and information, general information about the different companies, their interests, especially the renaissance of AI. So I'm eager to engage in these conversations to go deeper. Why don
Speaker Change #141: Thank you.
Speaker Change #142: My name is via a delicate I'm the global CTO for this irreverent company that is also.
Speaker Change #142: Been with the company for 16 years, so I've done.
Speaker Change #142: Quite a few things.
Speaker Change #142: And and now overview, the full spectrum of technologies and industries. So we have a super interesting crossover and information general information about the.
Different companies their interests, especially with the Renaissance of AI, So I'm eager to engage in these conversations thorough deeper on that.
Unknown Speaker: What is exciting about AI? Why do we have, I think they said 1500 panels here in the South by about AI? Why? Why? And why now? Well, let me think. I will start with your ass. And as much as, you know, maybe there's humor in it.
Speaker Change #143: Why don't we start with that what is exciting about AI why do we have I think makes that 1500 panel hearings.
Speaker Change #144: Why why and why now.
Speaker Change #144:
Speaker Change #145: Let me take I'll start with your AD.
Speaker Change #145: And as much as maybe.
Speaker Change #145: The humor in it.
Unknown Speaker: But I won't be surprised ten years from now if you actually have multi-sensory inputs on the phone, taste being one of them, because if you look at... I hope we're not sharing it like that. Well, it's inspirational.
Speaker Change #145: But I won't be surprised 10 years from now you actually have multi sensory inputs on the phone tastes being one of them because if you look at our I hope we're not sharing it.
Unknown Speaker: Let me just put it that way. It will get some great minds thinking. But our mind is trained on a very multi-sensory experience and natural intelligence. In spite of all the talk about Skynet coming someday, I think AI has a lot to catch up. It's trained on very basic elementary data volumes of it. I do think that we're still sort of early in that stage, but when it gets that full multi-sensory AI, then I would say it's a Renaissance. This is a trend that has grown steadily.
Speaker Change #146: Well, it's aspirational, let me just put it that way.
We'll get some great minds thinking about.
Speaker Change #146: Our mind is playing on a really multi sensory experience of natural intelligence is part of all the talk about skynet coming someday I think has a lot to catch up is trained on really basic elementary data volumes of it but I.
I do think that probably were still sort of early in that stage, but when it gets there.
Speaker Change #146: Multi sensory AI, then I would say to the Renaissance.
Speaker Change #146: AI.
Speaker Change #146: Now one thing I would say is I don't know about 10 years out might be a lot sooner than that before the end of the decade, probably.
Speaker Change #146: But I also believe that.
Speaker Change #146: I think it's a trend that has grown steadily so probably in another year or two we may not be having sessions on AI, they're all going to be you know AI infused in my mind in terms of when.
Unknown Speaker: In another year or two, we may not be having sessions on... and Fuse, the number has been growing steadily to a point where it's going to be so. [inaudible] The number of sessions you describe is one way, one testament to that, using or experimenting with some kind of generative. So to me, this is just a representation of that, that I think we're just beginning to see. So to me, that's how it's going to look. Definitely. I think one of the things that spiked the interest in AI has to do with... We launched our AI studio seven years ago. So the traditional way...
Speaker Change #146: Can you talk about technology, you cannot talk about it without talking about.
Speaker Change #146: I'm far more artificial intelligence.
Speaker Change #146: That is infused within that so.
Speaker Change #146: Even that the number has been growing steadily to a point, where it's going to be you saw a big quitters.
Speaker Change #146: Every walk of what we do when we talk about technology that you don't need to explicitly talk about AI and I think we're getting closer and closer to that so.
Speaker Change #146: The number of sessions you describe is one way one testament to that.
Speaker Change #146: Another one is.
Speaker Change #146:
Speaker Change #146: 83% of the enterprises.
According to Forrester stab.
Are already using or experimenting with some kind of a generative AI technology.
Speaker Change #146: So to me. This is just a representation of that that I think we're just beginning to see so.
Speaker Change #146: To me, that's how it's going to look like.
Speaker Change #147: Yeah definitely I think our I think one of the things.
Speaker Change #146: The interest behind AI.
Speaker Change #146: Has to do with <unk>.
Speaker Change #146: Onto our AI studio seven years ago, so the traditional way of doing something with <unk>.
Speaker Change #146: You have to have some quality data in certain locations most of them.
Speaker Change #146: You have to.
Unknown Speaker: Create or reuse a model; you have to train that model, maybe you have... Well, and then you would have something usable for. Great. Results were actually amazing, you know, for the enterprise, for specific types of solutions. They were pre-trained, and they could actually help you. [inaudible] Unknown Executive, Mayank Tandon, Thomas Blakey, Ryan Potter, Martin Migoya, Diego Tartara, Unknown Executive, Mayank Tandon, Thomas Blakey, Diego Tartara, Martin Migoya, Diego Tartara. I think it's a great idea.
Speaker Change #146: Create a reuse of motto you had to train their model, maybe you have to make corrections.
Speaker Change #146: To the model as well and then you would have something usable for that specific scenario. It was great resorts were actually amazing you know for the enterprise for a specific type.
Speaker Change #146: Type of solutions, what's amazing with Aurora is yours.
Speaker Change #146: A lengthy journey.
Speaker Change #146: I think data.
Speaker Change #148: When Jenny I am specifically.
Speaker Change #148: Language models came.
Speaker Change #148: Different thing was that there were three train they could actually help you right away. So it was.
Speaker Change #148: So evident to see the power of that model, even if it was generally is also evident there.
Speaker Change #148: All of a sudden everyone was wondering about you know what is.
Speaker Change #148: Use this in my business. So the distance between what you already have and what you mean need was actually much closer to that make the whole thing and I think that from a marketing perspective opening to everyone's such as you know my mother accessing that.
Speaker Change #148: Yes.
Speaker Change #148: Expensive, but my mother.
Speaker Change #148: He would freak out like she would freak out.
Speaker Change #148: I mean.
Speaker Change #148: Agree.
Do you have improved a lot.
Speaker Change #148: But if you watch.
Speaker Change #148: The chance to watch Amy talk yesterday.
It was very interesting.
Speaker Change #148: There is this bad.
Speaker Change #148: There's this fear uncertainty and doubt going on that Keith.
David: Thank you David kind of.
Lee.
David: They need to make right because there is revenue.
David: To me there is markets that are uncertain.
A lot of things going on in the technology, so much in baby steps.
All of them don't really got nowhere to go.
David: I don't know.
David: How can we.
Why do you think about that.
David: Or do you think that.
Speaker Change #150: There is a difference there.
David: Chip.
David: So I think it's a it's a.
David: Question right to me if I look over the last.
Unknown Speaker: To me, if I look back over the last, let's say, nine years or so, from 2015 onwards, AI has been equated to a data scientist to a point where I. To me, that shows that it is only one. Now, the journey has evolved. What I would say is... my role. For the last 15 years or so now, I have been talking to a lot of executives across a variety of different sectors. One of the things that I have seen is a fundamental shift, at least over the last three years, the beginning of this decade, in terms of where... where it's not just about, "Let's do a whole bunch of innovation projects and see what the science of... Problem for an executive It doesn't solve the problem for that executive, which means it's not a good sign overall.
David: Look back over the last let's.
David: Let's say nine years or so from 2015 onwards.
David: I was very much equated to.
David: Data scientist.
David: To a point, where I think there was one of the years between 2015 and 2020 I don't remember exactly Richard was that that was voted as the.
David: Hottest job in time magazine I believe it was right.
David: And.
David: To me that shows that it is only one aspect of AI that we're all looking at which is data science the science of AI.
David: Now the journey has evolved.
And what I would say is that.
David: My role for the last 15 years or so now I have been talking to a lot of executives across a variety of different industries around the use of AI the value of AI and <unk>.
David: Where that AI can solve these problems. So one of the things that I have seen is a fundamental shift at least over the last three years. The beginning of this decade.
David: In terms of where we're thinking differently.
It's not just about let's do a whole bunch of innovation projects and see what the science of Hey, I can do what are the things that AI can solve.
David: Which is great, but it doesn't scale.
David: And when it doesn't scale it doesn't solve a problem for an enterprise.
David: If it doesn't solve the problem for an enterprise it doesn't solve the problem for that executive which means it's not a good sign overall.
David: So.
Unknown Speaker: Having gone through that cycle probably a few times as an industry, I think what we..., where the question..., is really about, I have this problem that I need to solve. I need to drop my cost by 40%. I need to...
David: Having now gone through that cycle, probably a few times.
David: As an industry I think what we've seen is a fundamental shift to where the question is not what can I do it is really about.
David: This problem that I need to solve I need to drop my costs by 40% I need to improve productivity by 25% I need to.
Unknown Speaker: Productivity by 25%. I need to, add more customers within the next, you know, year, and how is it whether it is understanding, you know, vast dreams... being able to apply, you know, supervised, and unsupervised approaches of technology, whether it is rethinking the It includes the use of AI and the automation that I can get along with it. That was what, where I start with a problem rather than start with AI. And I think AI will be.
David: I had more customers within the next year and how is AI actually helping me to do that whether it is understanding you know bass dreams of data whether it is being able to apply supervised unsupervised approaches of technology.
David: Whether it is rethinking the process that I need to follow in my enterprise to include the use of AI and the automation that I can get along with it to me that was what was missing before so I think I've seen the conversation slip to where I start with the problem rather than a nice start with AI.
David: And I think AI plays a critical role in that so I think to me that is very encouraging in terms of how.
Unknown Speaker: Title Microsoft Office Word Document MSWordDoc Word. Document.8, Fear, the uncertainty is continuing to drop, and when we see more... Now the right questions, which is the first step in the journey to use. It was kind of locked. Diego made a point about his mom now.
David: As we continue to see the shift.
David: The fear the uncertainty is continuing to drop and when we see more and more of these examples I think you'll see that trend shift quite materially. So the questions that are being asked or now the right questions, which is the first step in the journey to use a large transformation in my mind.
David: Yes.
David: Lee.
Speaker Change #151: Now between the two points you guys made you talked about.
Speaker Change #152: Sort of back and say.
Speaker Change #152: To say back in 2015, it feels like it was way back but.
Speaker Change #152: It was kind of locked up within the data science community.
Speaker Change #152: It's sort of functions of data in order to some point.
Speaker Change #153: And then Diego made a point about his mom now being able to use charge EBITDA.
Unknown Speaker: Huge, five years and other areas. Dr. Stinnard sitting here, who is my partner. He's a medical doctor who works with me in H. Innovating, building technology with AI. If you go and check his LinkedIn profile, I'm sorry to send a bunch of requests to you, says prompt engineer comma MD. No way.
A huge shift.
Speaker Change #153: When last five years the last few years it has caught the imagination of.
Speaker Change #154: Knowledge workers in other areas and I'll give you a actually we have doctors thinner sitting here who is my <unk>.
Speaker Change #154: Partner in care.
Speaker Change #154: It's a novel profession.
Speaker Change #154: He is a medical Doctor who works with me in FCA innovating building technology with AI.
Speaker Change #154: If you go in Texas, Linkedin profile, I'm, sorry to say the budget request.
Unknown Speaker: Prompt engineer, and I'm sure he writes; I'm teaching him some Python. He's also good at engineering and building air. And I think that we have just enabled, by making AI accessible and programming, in general, accessible to so many people who are experts in their field. They don't have to hire software engineers to build cool widgets or the things that are helping them. And I think that's a big transformational potential. The other point. There are other industries. [inaudible] We're seeing exactly the same.
Speaker Change #154: It says prompt engineer Karma M D.
Prompt engineer.
Speaker Change #154: And so I'm sure he likes the pizza him for pipeline, but he he has also prompted engineering and building AI systems.
And I think that we have just enabled by making AI accessible and programming and general accessible with so many people who are experts in their field. They don't have to hire software engineers do.
Speaker Change #154: Bill.
Speaker Change #155: Who are the people that are helping them.
Speaker Change #156: That's a big transformational potential the other point you talk about where this can lead us.
Speaker Change #156: I think there are huge benefits, especially when I look at it from a healthcare perspective now maybe there are other industries, where.
Speaker Change #156: You may almost be like.
Speaker Change #156: Hammer looking for males.
Speaker Change #156: And you may end up hitting the wrong mail lately the possibility of that but.
Speaker Change #156: Particularly they are having these long standing problems that haven't been solved that are better.
Speaker Change #156: They're not extremely data related that are extremely information related.
Speaker Change #156: Just didn't have technology to make use of that data up until this point and so in health care and I would say this is a this is a renaissance where now you can see that happening in fact whenever I look at the.
Speaker Change #156: The clinicians who work with us.
Speaker Change #156: They are hungry for use of AI.
Speaker Change #156: Our value.
Speaker Change #156: A very clear line of sight to the value in this domain.
Speaker Change #156: Exciting.
Speaker Change #156: Hum.
Speaker Change #156: Super interested it.
Speaker Change #156:
Speaker Change #157: Because of what you just mentioned.
Speaker Change #156: At.
Unknown Speaker: I mean, enterprises are now thinking about their profit. [inaudible] to put in front of our clients. Like, can I shift my business model based on this new technology? Like, let's think about Amazon, right? Amazon has an interface and a way of working that has been pretty much the same. There's a lot of A.I. that runs.
Speaker Change #156: At the enterprise, we're seeing exactly the same I mean, the enterprise now are thinking about their problems and they know I mean theres no doubt about what AI can bring to the table. So it's all about you know.
Speaker Change #158: So getting the right solution is that a leak and he'll be here there so that conversation is there.
Speaker Change #156: The police where I don't see that.
Speaker Change #156:
Speaker Change #156: Yet at least at the Speedo would lag too is when it comes to putting this in front of our clients like.
Speaker Change #156: Shift my business model.
Speaker Change #156: Based on this new technology like let's let's.
Speaker Change #156: Think about Amazon right.
Speaker Change #156: Also has an interface in a way of.
Speaker Change #156: Inter interacting with the with their clients there has been pretty much the same for a long time and Theres a lot of the yea that runs behind a recommendation engines.
Speaker Change #159: That's great, but the way you interact with Amazon is mainly a search engine and it goes through a ton of information.
Unknown Speaker: When you interact with Amazon, it's mainly a search engine, right? And it goes through a ton of information. Now, having a Gen AI capability... So I think there's a super good opportunity, but there's also the FUD, you know. It's super difficult because... The FUD, F-U-D, FUD. Exactly. I want to share one very quick. A lot of years ago, I was with my wife at one of the specialty doctors here in Austin. A very good doctor, a specialist, and it was interesting.
Speaker Change #159: No.
Speaker Change #159: G&A capabilities in a large language mono.
Speaker Change #159: Switch to something that's much more.
Speaker Change #159: Appealing to spud, which is looking for something where you don't know the name you need to fix a problem. So you can actually translate that to your user user your consumer has a problem that needs to solve and Amazon will help you and identified what are the items that can be a solution for them or a shop.
Speaker Change #159: You need a recipe and it gives you a shopping list that's less appealing.
Speaker Change #160: <unk> seen that going as fast as I was expecting.
And it will happen.
It will happen.
So I think.
Speaker Change #160: <unk>.
Speaker Change #160: There there is a super good opportunity, but there there's also the fraud.
Speaker Change #160: It's super difficult because.
Speaker Change #160: Okay.
Speaker Change #160: Exactly.
Speaker Change #161: Youre not going to.
Speaker Change #162: If I may I was going to that was a very.
Speaker Change #163: Interesting comment you made about and I couldn't catch the name of your colleague.
Speaker Change #164: Doctors leaner.
Speaker Change #165: The prompt engineered Karma M B I want to share one very quick.
Speaker Change #165: Note.
Speaker Change #165: About a year ago I was.
Speaker Change #165: With my wife at one of these specialty doctors here in Austin very good doctors specialists.
Speaker Change #165: And it was interesting we had a 30 minute appointment.
Speaker Change #165: For 25 minutes of that 30 minute appointment and I'm not exaggerating.
Unknown Speaker: 30-Minute Appointment. I'm not exaggerating. We were talking about regression. Data and Regression Analysis Proving..., very little about, I'm a big AI nerd that I was. I had actually gone through some of those studies in the past, and I'd gone through them, probably a lot.
Speaker Change #165: We were talking about.
Speaker Change #165: Regression analysis and studies that showed data and regression analysis proving certain.
Diagnosis paths and certain treatment options that we should be considering.
Speaker Change #165: And it was very little about medical work and it was interesting because obviously being a data and AI and <unk> that I was I had actually gone through some of those studies in the past and had gone through them and probably a lot more about from a.
Speaker Change #165: From a statistical analysis perspective, and from a medical perspective, obviously, we're I'm not an expert.
Unknown Speaker: But it was fascinating, and I didn't realize it at the time, but after the appointment was over, I realized... Medical Opinion. [inaudible] So, you know, counter to your work, very, very how that whole conversation proceeded, so very. What is your view on that? I want you to talk about what your take is on the source of that connection between two pieces. I think it kind of goes back to my point about the hammer looking for nails.
Speaker Change #165: It was fascinating and I didn't realize it at that time, but after the appointment was over.
Speaker Change #165: Realizing thing well, maybe all I should've done as said what is your medical opinion here.
Speaker Change #165: Other than debating and discussing the regression analysis.
Speaker Change #165: I think to me so counter to you working in the in the.
Speaker Change #165: The industry here and helping the AI solution sort of and sort of technology and digital adoption within hospitals and the health care space I think it's also happening within the doctor's offices. One in every single day perspective. So it was very very fascinating to me I mean, how that whole conversation preceded.
Speaker Change #165: So very inspiring to.
Speaker Change #165: Everywhere I mean.
Speaker Change #165: This is sort of a blind date.
Speaker Change #165: Guys can imagine.
Speaker Change #165: On families.
Speaker Change #165: And I guess within a conference not too long ago, we're talking about AI and how it's being used sometimes in the two ends of the market.
And at the same time I was reading some.
Speaker Change #165: He was talking about how.
Speaker Change #165: Our developing their paper using AI and then teachers.
Speaker Change #165: And we're like who's learning because that doesn't make any sense.
Speaker Change #165: But.
Speaker Change #166: Thank your view on that I want you to talk about.
Sure.
Speaker Change #166: On the source of that connection between two pieces.
Speaker Change #166: Yes.
We are asking that that's a great question.
Speaker Change #166: I think it kind of goes back to my point about the hammer looking for males.
Unknown Speaker: Right now, our attention is diverted from blockchain, and most of that has now gone into AI for whatever reason. Maybe blockchain will come back next year, and it will get divided. But while there is that hype, you're going to see that to some extent, we're going to try to apply AI to solve any problem. I'll actually, if we have time, give you three examples from my last job where we probably should not have used AI.
Speaker Change #167: Right now our attention is diverted from blocks in and most of that has now gone into AI.
Speaker Change #167: The reason maybe blocks and will come back next year and it will get divided but while there is that.
Speaker Change #167: Youre going to see that go from explained that we're going to try to apply AI to solve any problem I'll actually if we have time I'll give you three examples from my last.
Speaker Change #167: Job, where we.
Speaker Change #167: Probably should not have used AI, but.
Unknown Speaker: But I think there will be that to some extent, and it is important to do that responsibly, whichever path we take. And I just think that due diligence up front and okay, well, where AI can go wrong, or does this really need generative AI to solve this problem? Sometimes there is just good old traditional data science that you can apply decision trees that are a lot more explainable that can still give you a much better result.
Speaker Change #167: There will be back to some extent and it is important too.
Speaker Change #167: Do that responsibly.
Speaker Change #167: Whichever path we take.
Speaker Change #167: And.
Speaker Change #167: I just think that.
That due diligence upfront.
Speaker Change #168: Okay, well, where AI can go wrong or.
Speaker Change #168: It really needs in their new AI to solve these problems sometimes there is.
Speaker Change #168: Good old traditional data science.
Speaker Change #168: That you can apply a decision tree that a lot more explainable.
Speaker Change #168: That can still give you a much better result.
Unknown Speaker: That may not be, say, as glamorous of a demo, but that's probably a lot more explainable and applicable, and relevant. But it goes back to the ads. Sometimes we see people trying to go to the latest tech without really understanding whether that is what they need to use. It's really, I don't know, it's really dumb to me because at the end of the day, you're wasting money, you're wasting effort, you're wasting a lot of things.
Speaker Change #169: B say <expletive>.
Speaker Change #169: Glamorous.
Speaker Change #169: A demo, but that's probably a lot more explainable and.
Speaker Change #169: The cable relevant.
Speaker Change #169: It goes back to the AD, sometimes we see people trying to go to the latest deck without really understanding whether that is what they need to use.
Speaker Change #169: I don't know it really done to me because at the end of the day, you're wasting money, you're wasting effort, you're wasting a lot of things.
Unknown Speaker: So you asked a question earlier about students and teachers and papers and who is learning. I think learning is fundamentally being reinvented. Oh, yeah, this is an interesting topic. Think about this right. I think it's not a hidden fact that every single job.
Speaker Change #169: So you asked a question earlier about students and teachers and papers who is learning.
Speaker Change #169:
Speaker Change #169: Learning is fundamentally being re invented.
Speaker Change #169: Talking about right.
Speaker Change #169: I think it's not a hidden fact that every single job is going to get redefined over the next decade, if not sooner.
Speaker Change #169: I think about.
Unknown Speaker: Let's say about 60% of jobs are going to. So if you think about it, the work that we're doing right now is likely not going to be anything like what we do, you know, even a few years from now. Take the example of what you. Circle back, let's say I'm... Calculator was when the calculator was allowed or not allowed, when arithmetic skills were being taught to students.
Speaker Change #169: Several jobs, let's say about 60% jobs one of the.
I think it was Peter DMR and Vice President of Gartner Research said that every job is going to get redefined.
Speaker Change #169: Many jobs are going to get.
Speaker Change #169: <unk>.
Speaker Change #169: Are going to sort of evolve.
Speaker Change #169: So if we think about that.
Speaker Change #169: The things that we're doing right now is likely not going to be anything like what we're doing even.
Speaker Change #169: Even a few years from now.
Speaker Change #169: So.
Speaker Change #170: Take the example of what you said.
Speaker Change #171: Well if you if we circle back, let's say I don't know exactly when it was but whenever the calculator was invented.
And when the calculator was allowed or not allowed at an exam when arithmetic skills are being taught to students on how to count and how to add and how to subtract and do basic math, which becomes the fundamentals for a lot of things and at some point.
Unknown Speaker: It was realized that, well, you know, if you have calculators, why do I need to do that? And that sort of has the. Unknown Speaker 0.
Speaker Change #171: It was realized that well if you have calculators why do I need to do that town and that sort of has evolved right. It's the same kind of approach that I think we're seeing with generative AI to some degree.
Unknown Speaker: ......
Speaker Change #171: However, I think the the characteristic of being able to disseminate and reason what is really relevant for you.
Unknown Speaker: [inaudible] What is really relevant for you? A person, as a technologist, as a doctor, as a physician, as a nurse, as a construction worker, as a machine operator, as a pilot, really, really critical. And I think instead of looking, I would say tasks that we see humans do. We are going to challenge ourselves as human beings to think higher order, be able to differentiate, and we're already beginning to see AI being used in elections, which affects every single being, at least that is eligible to vote and can make or break or change the direction of countries. For me, being able to assess what information I'm being provided, is it true, is it not true? matches my beliefs, my values. [inaudible] The physical newspaper that I read.
Speaker Change #171: As a person as a technologist has a doctor as a physician as a nurse as a construction worker as a machine operator as a pilot.
Speaker Change #171: It becomes really really critical and I think what instead of.
Speaker Change #171: Looking at the core set of jobs or tasks lessen jobs I would say a task that we see humans performing well.
Speaker Change #171: We are going to challenge ourselves as human beings stooping higher order of reasoning to be able to differentiate and disseminate between information I think we're already beginning to see AI being used in elections for example, ride which affects every single human being at least that is eligible to vote.
Speaker Change #171: Road, and can make or break or change the direction of countries. So.
To me being able to assess what information I'm being provided is a true is it not true does it match my beliefs my values, and then being able to assess that.
Speaker Change #171: The skill that I never thought about when I was reading the New York Times every single day, which I still do by the way I still have the newspaper that I subscribe and I actually get physical newspaper that I read.
Unknown Speaker: But it's not the same today as it was 20 years ago. To me, that is a skill that we all have. The way it gets taught is by getting exposure.
Speaker Change #171: But it's not the same today as it was 20 years ago and I think to me that is a skill that we all have to learn and some of it needs to be taught and the way. It gets hot is by getting exposure to the kinds of technologies that youre talking about yesterday I was talking with a fellow from Linkedin. He is fantastic.
Speaker Change #171: Sunday about it and one of the things that he was saying that really resonated with me now.
Speaker Change #171: What becomes more important.
Speaker Change #171: Human part.
Speaker Change #171: And evermore now.
Speaker Change #171: However, more so the learning to learn.
Speaker Change #171: King.
Speaker Change #171: Hum.
Unknown Speaker: [inaudible] Engineer MD. You're going to be our example for the rest of the conversation, I think. The constantly pushing yourself, and it may not be so much the technical skills, but the reinventing yourself continuously to some extent, And you brought education as an example of some of the transformation of power, about lawyers, about a lawyer, and I helped a couple of them. I was engaged to a lawyer, so I know I helped couldn't believe me studying engineering at that time was that she had to memorize about a well Part of that, you know, calculator You know, the excuse, uh, being... to use a calculator was, well, you will not have a calculator... I mean, to think about it... How do I start making the changes for that to happen?
Speaker Change #172: Humphrey engineer MD Youre going to be an example for the rest of the conversation I think.
Speaker Change #172: The constantly pushing yourself and it may not be so much on the technical skills that they reinventing yourself continuously to something new.
Speaker Change #172: I think.
Speaker Change #172: Super interesting in your broad education as an example in our in some of the transformational power where that.
Speaker Change #173: And I wasn't in a discussion with a law firm.
Speaker Change #173: About a low years their education and their trades.
Speaker Change #173: And.
Speaker Change #173: If you think about a lawyer for.
Speaker Change #173: Hill.
Speaker Change #173: Hum.
Speaker Change #174: I was engaged to a lawyer so I know I helped on.
Speaker Change #174: Their exams et cetera. So.
Speaker Change #174: I remember one of the most important trades that I couldn't believe me studying engineering at that time was that he had to memorize.
Speaker Change #174: Tons of information.
Speaker Change #174: First thing the second one was being able to appropriately summarized data and derived conclusions out of that all of which are rocket system does.
Speaker Change #174: Does very well.
Speaker Change #175: So I'm, we were talking with this loss.
Speaker Change #175: La firm about our will this actually transform like 80% of what we do.
And the way we've been.
Speaker Change #175: Training our lawyers.
Speaker Change #175: And the and by the way.
Speaker Change #175: Remember it was part of that you know calculator known calculator I was part of that and at some point you know the excuse.
Speaker Change #175: Being use why not to use a calculator was well you will not have a calculator at your discipline.
Speaker Change #175: All the time.
Speaker Change #175: In time, so it is important for you to manage that.
Speaker Change #175: That is not true I mean.
Speaker Change #175: So I think.
Speaker Change #175: I think there is a this is only one example, one example, even med school they do a lot of memorizing tons and tons of information. So you apply that.
Speaker Change #175: To all the specialties and you think about well basal out of this technology knowledge et cetera.
Speaker Change #175: How should it be in the future and how do I start, making the changes for that to happen.
Unknown Speaker: And that's a conversation that needs to happen, like, now. I can maybe add something to that, and I think that's a great point, especially in heavily knowledge-based domains, be it law firms or hospitals, say clinicians, for example. I mean, the best use of their time and expertise because these are going to be highly skilled resources and they are going to always face more demand than supply. And their time being spent on the highest value activities like critical reasoning. When you look at... Some of you who have studied overseas, even in the UK, I have heard, and that was not the best time of an engineering mind. That movie is actually...
Speaker Change #175: And that's a conversation that needs to happen now.
Speaker Change #176: I can maybe add something to that and I think that's a good.
Speaker Change #176: Good point.
Speaker Change #176: Especially in heavily knowledge base domains B law firms are hot.
Speaker Change #176: Hospitals clinicians.
Speaker Change #176: For example.
Speaker Change #176: I mean, the best use of their time and expertise because these are going to be highly skilled resources.
Going to always face more demand than supply.
Speaker Change #176: <unk> <unk>.
Speaker Change #176: Their time being spent on the highest value activities like critical reasoning are engaging with someone and explaining things to somebody who doesn't understand.
We just call it in hospital setting like a good bedside manners are explaining things and patient engagement.
Speaker Change #176: Yeah.
Speaker Change #176: For these skills. This AI is going to be a big benefit and now when you look at similar patterns in history actually it's very evident like you gave the example of calculators when I was in college.
Speaker Change #176: And since then we were forced to use you want an engineering lock tables to do a large multiple locations I don't know some of you who have not who have started overseas you want and you can't hurt.
Speaker Change #176: And that was not the best.
Speaker Change #176: I have an engineering mine I actually yesterday, when I was watching Oscar is and Oppenheimer.
Speaker Change #176: Oscar then.
Speaker Change #176: In that movie is actually great because there are a lot of these a little.
Unknown Speaker: There are a lot of these little science TV shows... But I was surprised, like, why is Richard Feynman not a... It was because, if you kind of really look at it, it's a book, and he talks a lot about his experience.
Speaker Change #176: Signs PV I hate them.
Speaker Change #176: And any of you.
Speaker Change #176: It's kind of Richard Feynman, who is one of the greatest criticized.
Speaker Change #176: <unk> had a leading role in that movie, although it's not shown clearly there was a time when he's playing bongo and it was at a time one of the guys who looked at the explosion without the cover was with him.
Speaker Change #176: But I was surprised like why is.
Speaker Change #176: Find more not at the center Fagan Oppenheimer.
And he was because if you really look at it as a bogie.
Speaker Change #177: Surely you're joking Mr Feynman.
Speaker Change #177: And he talks a lot about his experiences.
Speaker Change #177: At that time.
Unknown Speaker: This time was spent doing calculations using punch cards on an IBM Supercomputer. Someone who could have contributed a lot more was spending most of his time doing, They're distracted into doing things that probably are not worth their time. But I'm going to be the devil's advocate here. We have the Eric Canada case.
Speaker Change #177: His time was spent in doing calculations using punch cards on IBM supercomputing of aggregate physicists.
Speaker Change #177: Who could have contributed a lot more we're spending most of his time doing calculations of the nuclear reaction.
Speaker Change #177: Can kind of play that out in today's the day that you have like.
Speaker Change #177: Experts, who can contribute a lot more.
Speaker Change #177: But they're distracted into doing things that probably not worth their time.
Speaker Change #177: I'm going to be there.
Speaker Change #177: Sure.
Speaker Change #177: We have.
Unknown Speaker: You are in a heavily regulated industry. Law is a very specific industry. What happens when these systems hallucinate?
Speaker Change #177: If you are in a heavily regulated industry.
Speaker Change #177: Industry.
Speaker Change #178: What happens when the systems hallucinate.
Unknown Speaker: What do we do about that? There's a lot of impact on that. I can talk. The responsible AI is going to play an important role. Some of the things I'll maybe talk about from our project experience is that in the beginning, some of the projects, I think you mentioned summarization; we started doing that. There are a couple of options available. There are two models we looked at. The first model we looked at, GPT-4, so we had access to some of the open AI models, does better than 90% of actual doctors when it takes the U.S., you might want to call that a hallucination.
Speaker Change #178: Why do we do.
There is a lot.
Speaker Change #178: Impact with that.
Speaker Change #178: Yeah.
Speaker Change #179: So they the responsible AI.
Speaker Change #179: He's going to play an important role.
Speaker Change #179: And somebody thinks that maybe talk out of our project experiences that.
Speaker Change #179: Yeah.
Speaker Change #179: You know in the beginning some of the projects I think you mentioned some amortization.
Speaker Change #179: We started doing that and there are a couple of options available. There are two models, we looked at it.
Martín Migoya: Marty we looked at it was DVD for so we had access to so many open AI models.
And then we had a clinically trained model this was pre Gemini on Google Metcom.
Martín Migoya: And it was interesting that med palm is fine tuned on all of the corpus of medical literature to.
Martín Migoya: To the point that it does better than 90% of actual doctors when he takes the U S MLA test.
Martín Migoya: And if you let that model and sort of run.
Martín Migoya: The model is hard to come up with.
Martín Migoya: The info.
Martín Migoya: And it does that.
Martín Migoya: Now you may want to call. It hallucination, because if you presented a bunch of data.
Unknown Speaker: Present a bunch of data and say, okay, what do you think about it? It is going to think about it. Yeah, but that's not, you have false positives. There is a similar problem with hallucination and omission in the...
Martín Migoya: What do you think about it it is going to think about it.
Yeah.
Martín Migoya: I'm, referring to the one that is when.
Martín Migoya: When you have precedents that are not real precedent when that happens.
Martín Migoya: Yeah.
Martín Migoya: So I think hallucination to me is a side effect that we have to address but just some of you are familiar with the older data science, where.
Martín Migoya: You have false positives and false negatives and you can solve both of them at the same time, you generally holiday precision and recall tradeoff, meaning you tried to control one the other one opens up.
Martín Migoya: There is a similar problem with hallucination and omission.
Martín Migoya: In degenerative AI world.
Martín Migoya: The only difference is.
Martín Migoya: Go back five years ago, when you do a deep learning model.
Martín Migoya: You would generally get a confidence score so you can engineer around it.
Unknown Speaker: So you can engineer around it. Generative AI hallucinates. So, you don't get a con... And that's where I think a lot of, so one of the design principles. Decisions and accountability are always just playing the role that is helping them get the right data at the right spot for the right patient. That basically is a helper or an assistant that they always want. We are not letting A.I.
Martín Migoya: Generally I hallucinate confidently so you don't get a confidence score.
Martín Migoya: And that's where I think a lot of so one of the design principles we have in our.
Martín Migoya: Our cases, we always have a human in the loop.
Martín Migoya: Decisions and the accountability is always with a medical expert.
Martín Migoya: And AI is only playing the role of someone that is helping them get the right data at the right spot for the right patient that basic.
Martín Migoya: Basically the Hillsboro assessment that you always wanted but never had but they were not leading AI and make any decisions and I'm sure FDA is going to probably come up with some guidelines at some point to do that as well.
Unknown Speaker: And I'm sure FDA is going to probably come up with some guidelines at some point to do that as well. We need to overcome, there are a lot of times where clients are asking about, well, you know what happened with Air Canada and an AI incorrectly doing a refund or communicating that they had a free cancellation up to 48 hours before the trip, which was not true. I just thought about it, and it sounded correct.
Martín Migoya: I think.
It's super interesting point that the compiler model, which we will see more and more coming but still we need to overcome that theres a lot of times, where clients are asking about well you know what happened with air Canada.
Martín Migoya: And AI.
Martín Migoya: Incorrectly.
Martín Migoya: Doing or doing a refund or communicating that they had like a freak consolation up to 48 hours before the trip, which was not true just thought about it and its own correctly.
Unknown Speaker: It sounded logical. It was totally logical, like a big deal, truck for $1, which is totally.., lots of clients are asking about well this could be I mean I know that you know selling a truck for a dollar, But we have a... What if we do... A lot of technology coming around, like NVIDIA has guardrails where you can limit the domain of the conversation, then you have functions where you can turn an AI system into something that's deterministic, but the system becomes more and more complex, of course, and difficult to implement, which is what we're going through these days. I think that's a valid discussion, important and matters today.
Martín Migoya: It was totally logical that it wasn't like that.
Martín Migoya: But it really like a big deal it wasn't about the actual problem nothing happened it was $500, but there was a lot of fuss about around it.
Martín Migoya: So there is this case about a ford dealership, where a user tree Denny I into selling him a truck for a $1.
Martín Migoya: [laughter], which is totally interesting so lots of clients are asking about well this could be I mean, I know that you know selling a truck for a dollar and maybe.
Martín Migoya: I dunno.
Martín Migoya: Funny.
Martín Migoya: We have airlines as clients, what if we do maintenance recommendations through AI and this happens that's not a joke I mean, what can we do about it and Theres a lot of technology coming around like Convivio House Guardrails, where you can really made the domain of the conversation then you have fun shows well.
Martín Migoya: You can turn on a system into something that's deterministic.
Martín Migoya: But the system become more and more complex of course and difficult to implement which is what we're going through.
Martín Migoya: These days I think that that's a valid discussion. This is something that really it's really important matters. Today, we have ways of solving things today that are not maybe not as straightforward.
Unknown Speaker: We have ways of solving things today that are not, maybe not as..., will improve a lot in the years to come. Deterministic. I think as humans, we have looked at any system to be very specific. If we look at a direction, it's either the West or the North. Look at, you know, adding two numbers, two plus three, very likely always going to be five, right?
Martín Migoya: As I would like to but I think that will improve a lot in the years to come.
Martín Migoya: Yeah.
Speaker Change #181: There's one thing that he said, they're Diego, which to me is critical and key which is the word you used was deterministic.
Speaker Change #182: As humans, we are so used to deterministic system now systems now for.
Speaker Change #182: Decades, if not centuries or longer.
Speaker Change #182: But I think.
Speaker Change #182: All we have looked at is for any system to be very specific if we look at a direction, it's either the east or the west or the north or the south it doesn't change.
Speaker Change #182: If you look at you know, adding two numbers tubular three very likely always going to be five right unless you ask for it or another philosophy or it's very likely always going to be five if.
Speaker Change #182: If you.
Unknown Speaker: Unless you ask Freud or another philosopher, it's very likely. You know, if I'm talking, and I am talking to you, I'm not. So if you... Probabilistic views of where the fundamentals of AI are, Unknown Executive, Mayank Tandon, Tyler DuPont, Moshe Katri, Diego Tartara, Martin Migoya, It is about predicting. It's really what AI's core..., core is really trying to do. You're talking about, you know, a diagnosis, sort of what the next thing that is going to come.
Speaker Change #182: Yeah, if I'm talking to you then I am talking to you I am not not talking to so.
Speaker Change #182: So if you take the.
Speaker Change #182: Probably stick views of where the fundamentals of AI has started right I mean, if you boil down and asked the question about so what is what are we really doing here.
Speaker Change #182: To me it is about predicting the next.
Speaker Change #182: Word.
Speaker Change #182: Or the next thing in a sequence is really what is core at its core is really trying to do so if I'm, saying a sentence.
Speaker Change #182: You predict what's the next word that I'm going to say if you're talking about you know a diagnosis sort of what is the next thing that is going to come now when you add multiple toggles of words when you add you know images when you add <unk>.
Unknown Speaker: Now, when you add multiple pairs of words, when you add, you know, images, when you add paragraphs... But if you now think about the prediction, even as, I mean, there is no prediction for certain as to what many of us are actually going to stay here on the stage.
Speaker Change #182: Graphs infections and data sets and all of that now you become more and more and more to wind complex.
Speaker Change #182: But if you if you think about the prediction even as humans.
Speaker Change #182: Hallucinate all the time.
Speaker Change #183: Right I mean, there is no.
Speaker Change #183: Victim.
Speaker Change #183: For certain as to what.
Speaker Change #183: Any of US is actually going to say here.
Speaker Change #183: So as an example, but I would feel entitled to call you out.
Unknown Speaker: Absolutely. And I don't have that tool to call out the AI. When you say you don't have the... You could.
Speaker Change #184: Absolutely and I don't have that tool to call out.
Speaker Change #184: So.
Speaker Change #185: When you say you don't have that well you could so this is where I talked about earlier about implementing these systems in a.
Unknown Speaker: So this is where I talked about earlier about implementing problems with or without humans in the loop. In certain cases, you have humans. In certain cases, you have multiple levels of humans... Why do we assume... Think about the heritage, where you have an approver, and then a manager approver, and then another manager approver, and then each manager that I'm eligible to approve.
Speaker Change #185: Place, where you are actually solving problem with or without humans in the loop in certain cases, you have humans in the loop in other cases, you don't have humans in the loop in certain cases, you'll have multiple levels of humans in the loop why do we as humans think about a <unk> system, where you have an approval and then a manager.
Speaker Change #185: Approver and then another manager approver.
Speaker Change #185: And then each manager has a certain set of range to which they are allowed or entitled or eligible to approve certain things any decision is what I'm talking about.
Unknown Speaker: To me, I think we are at the early stages of building AI-driven systems. We are still at the stage of trying to get these systems sort of. Thank you for watching. Thank you. Before you decide, do you need another approval?
Speaker Change #185: To me I think we are at the early stages of building that into an AI driven workflow system.
I think we are still at the stages of trying to get these systems sort of to perform and understand the capabilities that it has before you determine do you need another approval on top and that approval it could be a human could be multiple humans or it could be yet another AI system.
Unknown Speaker: And that approver could be a human, could be, or it could be..., or it could be another deterministic system. This is where, you know, as you start... and more rule-based sort of approaches on top of that, these are all very... I think hallucination is.
Speaker Change #185: Or it could be another deterministic system that you can apply this is where you know as you start looking at rags and being being able to sort of apply more rule based sort of approaches on top of that.
Speaker Change #185: These are all various techniques of bringing some of these things to life. So I think hallucination as the first stage if I hire an employee.
Unknown Speaker: If I hire someone, I know what their background is, I think I've interviewed them, and I put them in a certain... I think later I might realize that they're actually performing 3 levels better. It's possible. Or a level below.
Speaker Change #185: I think I know what their background is I think I've interviewed them and I put them in a certain level. Two months later I might realize that they're actually performing three levels better it's possible or a level below.
And I think that is a decision in a judgment that I'm, making it the same thing I would think applies for many of the AI assistant. So I think we're at the beginning stages of.
Speaker Change #185: Applying AI to solve problems, whether generative AI or others and it is these aspects. So how do you in court how do you incorporate these things into workflow.
Unknown Speaker: It is these so that it actually, truly solves the problem with the most... and the most. This is the journey that we're on. Now, on top of that. It does. I think it does is correct. The time span, but regulation always follows. So, you know, since we are talking a lot about the field back in the 16th century. The best surgeons were... Now, after they were applying their barbaric skills to performing actually very good precision search.
Speaker Change #185: So that it actually truly solves the problem with the most efficient.
Speaker Change #185: And the most effective path and of course.
Speaker Change #185: The least expensive part so it's when you start putting all of these things in combination.
Speaker Change #185: This is the journey that we're realizing right now now on top of that you mentioned mongers. The term regulation I think regulation ethics comes around that comes on top of that right. I mean this is how you can think about our corporate HR policies. How do you do customer policies do you think it usually comes a bit later.
Speaker Change #186: It does I think it does but.
Speaker Change #187: The time span bit regulation always follows adoption right I mean and.
Speaker Change #187: Trails adoption, sometimes by decades.
Speaker Change #187: So.
Speaker Change #187: Since we are talking a lot about.
Speaker Change #187: Medical field back in the 16th century.
Speaker Change #187: The best Surgeons, where barbers.
Speaker Change #187: Or 15th century, the best Surgeons, where barbers.
Speaker Change #187: Now after they were applying their barbaric skills to performing.
Speaker Change #187: Actually very good precision surgery.
Unknown Speaker: Regulations sort of started coming out. Sometimes, a hundred plus years, that time window between when you see adoption happening is fast shrinking now to a point where it is a small number of years. Policies and the Regulations. You're never going to be.
Regulation sort of started coming after the fact, so sometimes it could take decades, if not a 100 plus years to do that.
Speaker Change #187: I think that time window between when you see adoption happening at scale and regulation that needs to come is fast shrinking now to a point where it is.
Speaker Change #187: Not even a decade right. It is a small number of years. So if we don't start thinking about the ethics and the policies and the regulations now youre never going to be able to catch up right. So that's why I think it's important to do that right now.
So we have at the end.
Speaker Change #187: 20 minutes left and I think it's very important to go back to a positive now because sometimes you get kind of bogged down with all the negative we have.
Speaker Change #188: Our resident gaming lever, we have an ex Disney why do they are doing for creativity. What are we going to see there that do you think it's going to blow it.
Out of this world.
Speaker Change #189: Well you you asked me for this so.
Speaker Change #189: So I think.
Unknown Speaker: I've been in the gaming industry, related to the gaming industry, for quite some time. And there was, there was, you know, a clear engine that was born out of the gaming community, very good quality movies, but it's not just about the technology, it's about... Movies for a long time have been, you know, zero in on... about, you know, the storyline. A future with a crossover between what we understand as gaming today and the movie industry.
Speaker Change #190: I think there's been like I've been in the gaming industry related to the gaming industry for quite some time and.
Speaker Change #190: At some point the industry started talking about you know the crossover, but then the intersection between gaming and entertainment in the movies industry.
Speaker Change #190: And there was a.
Speaker Change #190: Clear interactions there.
Speaker Change #190: And you see these days just as an example, an engine that was born out of the gaming community Unreal engine is being used for creating you know effects and CGI for a lot of very good quality movies, but it is not just about the technology, it's about the expectation of.
Speaker Change #190: The consumers the gamers and the people that seeds on a theater consumes.
As a movie.
Speaker Change #190: And.
Speaker Change #190: You've all seen Sora right what it can do.
Speaker Change #190: So.
Speaker Change #190: Movies for a long time has been you know zero interaction you just get it.
Speaker Change #190: You know, you're just ceded and so what something one of you to see and it was all about you know the story line. It was all about the director or how he capture emotions et cetera, and it's great. It's awesome.
Speaker Change #190: People are demanding different things so.
Speaker Change #190: I see I see a future clearly a future with a crossover between what we understand as gaming to the and the movies industry see the movies industry go into a direction, where you know its more its much more important to recreate a story where.
Unknown Speaker: I see the movie industry going into a direction where it's much more important to recreate a story where the people have the opportunity to have interactions and even modify the system, and Benjamin Sharif. We hope you enjoyed the presentation. We'll see you next time.
Speaker Change #190: The people has the opportunity to have interactions and even modify their script and you'll see games, where all of your game players that are much more alike. The movie in fact, there is a ton of you. If you go to Youtube, there's a ton of movies.
Unknown Speaker: So long. Bye. Bye. Bye. Bye. Bye. Bye. Bye. Bye. Bye. Bye. Bye. Bye. Bye. Bye. Bye. Bye. Bye. Bye. Bye. Bye. Bye. I see a lot of things happening there, positive things, and I see technology as an enabler for that, because costs are not as high with things such as Sora, as an example, and I'm not saying that Sora necessarily applies today, but it gives you a sneak peak of what can be achieved.
Speaker Change #190: There are created with the cinematics overcame like all the cutscenes of the game makeup a movie like 90 minutes moving so I see a lot of things happening there positive things and I see technology enablers for that because costs are not as high with things such as soda.
Speaker Change #190: As an example, I'm not saying that SURA necessarily applies today, but it gives you a sneak peek of what can be achieved.
Unknown Speaker: It would actually be interesting to see, so the last benchmark for that, so Pixar was the first one to build an animated movie, truly, and in 1986. So in the Pixar logo, you have that lamp, it's called Luxor Junior, and Pixar first made a five minute short film that they showed at SIGGRAPH, that was in 1986. Whatever was 1986 LUXOR LAMP is what, so right now, you see You know, I was at the Paramount CDO's talk as well, and one of the things he was showing was a lot of things that they're doing. It was amazing!
Speaker Change #190: It will be actually interesting to see so the lost benchmark for that.
Speaker Change #190: So pixar.
Speaker Change #190: Was the first one to build an animated movie truly Ann.
Speaker Change #190: You know in.
Speaker Change #190: In 1986, so the in Pixar logo, you have the land, it's called Luxor Junior.
Speaker Change #190: Dave.
Speaker Change #190: Pixar first nearly a five minute chartwell in the day.
Speaker Change #190: Sure and see growth.
Speaker Change #190: That was in 1986.
And it took them 10 years to make pie story after that.
Speaker Change #191: So I'll be real how does he like whatever was 1986 Luxor.
Sam: Sam is what so right now you see a glimpse of what it can do.
Sam: And let's see how many years it will take for a full full length movie from this point.
Sam: Panel Cdl's talk as well.
Sam: He is showing a lot of things that theyre doing it was amazing it was super inspiring but.
Unknown Speaker: It was super inspiring. But one of the biggest takeaways for me from that meeting, from that talk, was that he was saying that they're a content company. Technology serves content. So everything they're doing in AI is towards content, not towards productivity, not towards efficiency; it's towards the heart of what the company is. I do agree. I think the... content. But I did want to say, It was funny. I also saw parts of the Oscars last night, and it was fascinating to me, but I think it was Jimmy Kimmel, the host. I believe he said that Christopher Nolan still drives. He still produces; he still directs, and he still produces.
Sam: One of the biggest takeaways for me from that meeting from that talk what.
Sam: That he was saying that they are a content company.
Sam: <unk> serve the content. So everything they are doing in AI is toward content lots towards productivity not towards efficiency, it's towards the heart.
Sam: Let the company and I think that something amazing.
Take away for any company trying to focus on how to use technology how to embed. This where do you think about that because if you go to the cost saving thing, sometimes it's not going to be where you get the most bang for your back or where you see the best results right.
I do agree I think the.
Speaker Change #193: I will come back to the content, but I did want to provide a counterpoint to what you both said on gaming and entertainment.
Speaker Change #194: I also saw parts of the Oscar lost my most fascinating to me was one comment that I Havent resources myself, but I think it was a statement but.
Speaker Change #194: Jimmy the whole Jimmy came out of the host made where I believe you said that Christopher Nolan still rights on a computer that is not connected to the internet does not use a smartphone.
Speaker Change #194: He is still producing haynesville directs and makes amazing movies. So I think there is there is opportunities for for all kind of I think you.
Unknown Speaker: I think there are opportunities for all kinds. It is very encouraging, and at the core of the content, this is exactly what I meant earlier when I said, Disrupting yourself, every job. Disrupt Yourself and Reboot Yourself. Probably, being one of the early pioneers of... Starting out as a technology... The intersection of the So, I think if you look... probably 18 years or so, every one of the entertainment choices is, and you, you are.
Speaker Change #194:
Speaker Change #195: It is very encouraging to hear that as well.
But on the on the core of the content. This is exactly what I meant earlier when I talked about.
Speaker Change #195: Disrupting yourself every job you also disrupt yourself and redefine yourself as a company while only a few years ago. All of these movie companies, where exactly that they were in the entertainment business. They were in the movie production business.
Speaker Change #195: I think probably one of the credits to that goes to Netflix probably being one of the early pioneers of sort of.
Speaker Change #195: Starting out as a technology company that is providing an offering.
Speaker Change #195: When they switched to sort of focus on streaming to me they became a content company.
Speaker Change #195: And their content was all about entertainment consumers and the intersection of the two.
Speaker Change #195: So I think if you look at the last probably 18 years or so now.
Speaker Change #195: Every one of the entertainment companies have become bad right.
Speaker Change #195: It's actually been a process in the making that now I think they're all declaring but it is a new you are a business, where you probably have a lot more insight into this monday's, but I think to me that is a great example of that if you look at you.
Unknown Speaker: We'll probably have a lot more insight into this Mungay. That is a great example of that. If you look at, you know, workflow and companies that are in the data business, they don't talk, [inaudible] and I continue to see over the years. They are driving what the company should be doing.
You know workflow and companies that are in the data business.
Speaker Change #195: They don't talk about data because it is becoming more table stakes and now theyre going higher order into saying how are we actually solving their problems using applications with technologies like AI. So I think this is an evolution and a redefinition that we're going to continue to see over the years.
Speaker Change #195: Across the board.
Speaker Change #196: I know it was a horse.
Going to make a comment because I think we talk a lot about you know from the industry.
To the consumer but.
Speaker Change #196: We need to we need to understand that.
Speaker Change #196: In a lot of occasions, the vast majority the consumers are actually creating the traction.
Speaker Change #196: Sure.
Speaker Change #196: Of the company. So so they are driving you know what the company should be doing.
Unknown Speaker: And I think this wave changes consumer behavior a lot and their expectations. And let me give you an example. I think, you know, the search engine days are over. What do we know? being experienced today with OpenAI behind it, et cetera, is super interesting, the way you can consume information and crawl the web and get access to that information. I think Google, you go to Google and ask, I mean, how old is, I don't know, this actor; you'll get the answer and a reference to that answer.
Speaker Change #196: I think this wave.
Speaker Change #196: <unk> consumer behavior are Lauder and their expectation, let me give you. An example of this I think just as an example, I think you know surgeon engines days are over.
Speaker Change #196: The way, we know it the way, we know with their over and.
Speaker Change #196: If you see that being experienced today with the open AI behind it et cetera is super interesting. The way you can consume information and crawl, the web and get access to that information.
Speaker Change #196: I think Google has been introducing this concept slowly like if you go to Google like a couple of years ago, you go to Google and ask coming how old is I don't know if this actor you get the answer and the reference to that answer there. So it's slowly started.
Unknown Speaker: So it's slowly studied, but it's a much more intelligent way of doing things. Similarly to that, there's a lot of, you know, the moment when you think, "How long until Alexa starts sounding dumb?" How long? I mean, you've seen Divya Goyal. I know, I didn't want to say it myself, but at some point, that's true.
Speaker Change #196: But it's a much more intelligent way of doing things similarly to that.
Speaker Change #196: There's a lot of you know.
Speaker Change #196: The moment a company gives your customer support that is unlike the traditional chat bots.
Speaker Change #197: It will actually serve consumer expectation to a whole different level unless let me ask you. This how long until Alex starts sounding dumb how.
Speaker Change #196: Hello.
Speaker Change #196: You've seen it directly.
Speaker Change #198: Exactly I know I didn't want to save myself, but at some I mean.
Unknown Speaker: I mean, you go to ChatGPT, and you have a level of interaction that is amazing, and you go to Alexa, and it's not that bad. I mean, you. I don't go to Siri, and 90% of the time it's, "Let me Google that for you." That's the answer you get. And I think consumer expectation will drive a lot of that change, and the velocity, the speed of that change will happen according to those consumers. Before you make your point, Mangesh, because we're almost out of time, after Mangesh goes, we'll do a final round, and you are welcome to ask questions so that they line up.
Speaker Change #199: That's true I mean, you do go to church Abd and you have a level of interaction that it's amazing when you go into Lexington is not that bad I mean, you I don't go to CRE and 90% of the time is Les made let me Google that for you. That's the answer you get.
Speaker Change #199: I think consumer expectation will drive a lot of that change the velocity the speed of that change will.
Speaker Change #199: <unk> will happen according to those consumers.
Speaker Change #200: Are you, making your appointment because we're almost out of time.
Cash cows.
Speaker Change #200: And you're welcome to ask questions.
Unknown Speaker: I was going to actually ask you that, so I think the limitations and the shifts, how do you see it from a product perspective? Because ultimately, it boils down to product design with AI in mind. Some call it an AI-first approach to product design, but now you're going to have to have both deterministic and probabilistic services happening in the same app, or whatever that form factor is. How do you think about it as a product? I don't know. The Interactions Are Seamless, The Humane Pain, the full immersive experience. We did not talk,
Speaker Change #201: Actually ask you that.
Speaker Change #201: So I think that the.
And then the shipping.
Speaker Change #202: How do you see it from a product perspective, right because ultimately it boils down to product design with AI in mind, some colleagues like AI first.
Speaker Change #202: Approach to product design, but now youre going to have to have more deterministic again.
Speaker Change #202: Mobility services.
Speaker Change #202: Happening the same app or whatever it is that one factor.
Speaker Change #203: How do you think about it as a product.
Speaker Change #202: Yes.
Speaker Change #204: I don't know if we have them exactly how things are going to be yet.
Speaker Change #204: Early in the process of figuring things out pretty much like everybody, but I do think we're going to go towards.
Speaker Change #204: Probably 10 years from now we're going to be at the extremes either completely transparent technology, where the interactions are seamless the humane pain everything that is this sort of action models that are walking with even predicting everything you will do or the fully immersive we did not.
Unknown Speaker: I mean, we could be talking here for a much longer time. We did not talk about vision pro. We did not talk about all of the immersive experiences that are going to be there. We didn't talk about social injustice. There are a ton of things to talk about. I think those extremes are going to be stronger and more prevalent year after year.
Speaker Change #204: I mean, we.
Speaker Change #204: Could be talking here for our match longer time, we did not talk about vision problem. We did not talk about all of the immersive experiences that are going to be there. We didn't talk about social like there is a ton of things to talk about I think those extremes are going to be stronger and more prevalent.
Speaker Change #204: After a year so as we're designing products that you are building. It there. It is worth thinking about those those extreme to how is this taking me there and taking me to for the most part it is usually reducing the friction even more and more to get it to that.
Speaker Change #204: Extra level.
Speaker Change #205: I think it's like your AD.
Speaker Change #205: Like the phone and unlike the fries and see if it tells the same right.
Okay.
Speaker Change #205: With that.
Speaker Change #205: We're done but let's go to our first question is we have someone there.
Speaker Change #205: It appears to me that.
Speaker Change #205: Yes.
Speaker Change #206: Afraid of artificial intelligence.
Speaker Change #206: I hear congressional hearings.
Speaker Change #206: Sure.
Speaker Change #206: Frankenstein Monster and down in a downturn.
Speaker Change #206: Yeah.
Speaker Change #206: I'm old enough to say that.
Speaker Change #206: This has not happened many internet was introduced.
Speaker Change #206: This has not happened when the mainframe computers.
Speaker Change #206: While it is clear.
Speaker Change #206: Hi.
You guys want to take it.
Unknown Speaker: So as we're designing products and building experiences, we're thinking about those extremes. How is this path taking me there and taking me to, for the most part, Transcription by Transcription Outsourcing, LLC. Lick the phone and then lick the fries and see if it tastes good. Uh... with that. Well, I'll tell you that there has always been, it's a great question. There has actually always, historically, right, I would say over the last 10,000 years, been some form of a resistance to...
Speaker Change #207: Well I'll tell you that there has always been it's a great question I think every time a new.
Speaker Change #207: Change has been brought on.
Speaker Change #207: There has actually always historically right I would say over the last 10000 years been some form of a resistance to that.
Unknown Speaker: The difference right now is the fact that there is a much bigger and faster platform that we have available, where the information and these differences are being disseminated. So the world is a stage, as Shakespeare said, and now we all voice our opinions, and we can all have our own. So I think there are bound to be some polarized opinions and views that have always been there, but they're now just taking more center stage along with, you know, the believers and the opposers.
Speaker Change #207: The difference right now is the fact that there is a much bigger and faster platform that we have available where the information and these differences are being disseminated fast enough.
Speaker Change #207: So the world is in stage, I, and a 6% and now we all voice our opinions and we can all have our own followings. So I think there are bound to be some of these polarized opinions and views.
Speaker Change #207: That have always been there, but theyre now just taking more center stage, along with the believers and and the opposers.
Unknown Speaker: So I think, to me, the way that I would look at this is to really find a way to believe. I mean, this is here to stay. It's not going anywhere. Take the first step and start, right? That would be kind of my view.
Speaker Change #207: So I think to me the way that I would look at this is.
Speaker Change #207: Really find a way to believe I mean this is here to stay its not going away and take the first step and start right would be kind of my view and I think that will sort of erode over time, it's just it's just something that.
Unknown Speaker: And I think that will sort of erode over time. It's just, it's just something. He's really following a precedent that has been around for us as humans all along, that, you know, machines could be stronger, be faster than us, a machine could do a lot. Speaking about, so human as creating, you know, like, that's, that's very. I think there's a lot of the reaction that humanity has against AI that comes that way.
Speaker Change #207: Is.
Speaker Change #207: Israeli following a precedent that has been around for us as humans all along.
Speaker Change #207: I think to up to add on top of that I think that for a long time humanity has been accustomed to.
I know that you know machines could be stronger than as machine could be faster than ours.
Speaker Change #207: Machine could do a lot of different jobs.
Speaker Change #207: More efficiently.
Speaker Change #207: But speaking about smarter speaking about or you know creativity.
Speaker Change #207: That's not something we're a custom or willing to let go mentally speaking you know like.
Speaker Change #207: Is that a machine can do something that's so human as creating you know like that.
Speaker Change #207: That's that's very strong so.
Speaker Change #207: I think there is a lot of.
Speaker Change #208: A lot of what you you mention.
Speaker Change #208: About the reaction that humanity has against the EI that it comes that.
Unknown Speaker: Otherwise, like, like, let's just put it. You read all of the... everyone I Don't Live With A Human, You know, on deal with the same if a machine is the one. Even though the machine is proven to be, I don't know, 90% more efficient than a human in that certain case. They were in the transition, so I can see why.
Speaker Change #208: That way either way.
Speaker Change #208: Like like let's just put a concrete example.
Speaker Change #208: Yeah.
Speaker Change #208: I'll turn the most driving as an example, the data.
Speaker Change #208: Tesla.
Speaker Change #208: Had an accident.
Speaker Change #208: And a person die because of that.
Speaker Change #208: It was.
Speaker Change #208: I mean.
Speaker Change #208: It was you red all over the place.
Speaker Change #208: We should rule this cannot happen. It was everyone was on top of that.
Speaker Change #208: How many times, we see that happening from humans.
Speaker Change #208: There are drunk.
Speaker Change #208: And we are used to that I mean, we can live with that we can leave with a human making a mistake you know on a surgery, but we cannot deal with the same if a machine is the one making those issues even though the machine is proven to be I don't know 90% or.
Speaker Change #208: More effective than I normally in that certain case, so I think.
Speaker Change #209: I think just to add to what you said because those are I think it was our paradigms that will be falling you know like it's just a matter of time, but I think today. We're in the transition. So I can see why that happens, it's just a matter of time.
Speaker Change #210: We have another question.
Speaker Change #211: I wanted to ask you we've seen with the mass adoption of Jive GBT a leap.
Speaker Change #211: Artificial intelligence is being used by common.
Speaker Change #211: Come on public, but we've seen also a lot of.
Speaker Change #212: Errors hallucinations, they've been in the brands what do you think is going to be the next steps.
Speaker Change #212: We're going to see and what's needed to get there we're going to be the next year.
Speaker Change #213: The common user.
Speaker Change #213: That experience.
Speaker Change #214: Maybe I can take that.
I think on the existing state of technology, we did talk about hallucinations earlier.
Speaker Change #214: And they're not actually.
Speaker Change #214: There is a data science solution to that is at play and there is an engineering solution to that it place though.
Speaker Change #214: That you mentioned the retrieval augmented generation is basically.
Speaker Change #214: What you do is transport validate.
Speaker Change #215: The example, he use these hey, you hire an interim.
Speaker Change #215: And you really don't quite roughly in turn to do a scale job. So every time, they turn Camden suggest something youre going to like show me the proof.
Speaker Change #215: Which is water I guess, it's basically a way of sort of a.
Speaker Change #215: To show you the proof and Providence of where the data came from.
Unknown Speaker: On the same time, there is some of the latest research that is happening, which is actually putting that process in the middle of... Every time you're training. All of the above. [inaudible] Now we're still in the narrow AI, even with chat GPT, it's still a bit of a task-based AI, but over time, I think the intern's job, or the job... There are two really good ones out there. There is one call, on GitHub, to figure out how to do it.
Speaker Change #215: But on the same time there are some of the latest research that is happening which is actually putting that process in the middle of training. The model itself, meaning every time, you're training a large language model and this is something that big Tex will do not every company but.
Speaker Change #215: Showing the proof will be ingrained into the model. This is like.
You are trailing the inherent and youre asking them questions. While they are learning so that a year from now they will be able to do the job on their own without need for validation.
Speaker Change #215: And I do think that that will happen I think the hallucinations will be in control.
Speaker Change #215: I would think the next frontier for this he is gonna be Adi where.
Speaker Change #215: We're right now we're still in the narrow AI you won't be charged CBD, it's still a bit of a cost base.
Speaker Change #215: But over time, I think the interns job or the job would be done by the AI and you got to give some liberty to AI to be able to do that where it's gotta get really scrappy do what your way around there are two really good actually packages that are out there. There is one car auto TBD. So with an open source called built on GP before and it's.
Speaker Change #215: So you can go look at you can actually figure out how to connect to internet on its own it's always given a job to connect to the Internet and it is it's not program. We just figured out how to do it and then you can give it a goal and then they will figure out how to do it. There's another one called <unk>, which is also a pretty smart.
Unknown Speaker: There's another one called BBAGI, which is also pretty smart. Well, as you can tell, this is very interesting. We could stay here even longer. Shopify's point-of-sale system helps you sell at every stage of your business. Need a fast and secure way to take payments in person?
Speaker Change #216: Well as you can tell it is very interesting we could stay here even longer about our time is that we want to thank south by southwest for having US here It was amazing and I definitely want to do.
Speaker Change #217: Do you think my dates because basically you are my three days today.
Speaker Change #217: Thank you very much.
Speaker Change #217: Yeah.
Speaker Change #218: Shopify point of sale system help you sell at every stage of their business need a fast and secure way to take payment in person.
Unknown Speaker: We've got you covered. How about card readers you can rely on anywhere you sell? Thanks. Have a good one. Yes, that too. Want one place to manage all your online and in-person sales? That's kind of our thing.
Speaker Change #219: We've got you covered how about pardon me here if you can rely on anywhere yourself. Thanks have a good one.
Speaker Change #219: One one place to manage all your online and in person sales.
Unknown Speaker: Wherever you sell, businesses that grow grow with Shopify. Sign up for your $1 a month trial at Shopify.com slash YouTube Audio. Shopify.com slash YouTube Audio, www.mytrendyphone.co.uk Google is one of the world's leading software and technology developers. Every year, Google introduces new technical discoveries and advancements that are amazing and beneficial to people all around the world. Because more individuals are using the cloud, the Google Cloud Platform has experienced an increase in utilization in recent years.
Speaker Change #219: Kind of our thing wherever yourself businesses that grow well with shopify sign up for your one dollar amount child at Shopify Dotcom fashion Youtube already out Shopify Dotcom slashing Youtube video.
Speaker Change #219: Okay.
Speaker Change #220: Okay. Just wanted to was leading software and technology developers and deal with.
Speaker Change #220: Introduces new technical discoveries.
Speaker Change #220: Management.
Speaker Change #220: And beneficial to be all around the world.
Speaker Change #220: Make it more individuals using cloud the Google cloud platform has.
Speaker Change #220: In cheese and utilization in recent years.
Unknown Speaker: A variety of Google Cloud services for global consumers have been introduced in response to the high demand for computing resources. So realizing the popularity and the need for learning about the computing resources of GCP, I have brought a new video of SimplyLearn on Google Cloud In-Depth Tutorial 2022. In this video, I'll take you through crucial GCP services and their in-depth concepts. So without doing any further ado, let's get started
Speaker Change #220: Well the idea will be cloud services for global consumers.
Speaker Change #221: Introduce Chris Bosh high demand computing resources.
So on realizing the popularity and the new bond joining about computing resources of GCB I have got a new video are simply not on Cortlandt cloud ineptitude is going thank you.
In this video I think is true <unk> TCP services and the in depth carpets.
Speaker Change #221: So without doing any further ado, let's get started.
Unknown Speaker: But before diving deep into the concepts, we will first cover the basics, starting with understanding what GCP is, followed by a GCP tutorial, in which we will explore GCP services and its infrastructure. Then we will have a quick comparison between GCP, AWS, and Azure, along with hands-on experience with GCP. Then, we will move on to GCP Web Hosting, and then we will understand Google Machine Learning with a proper demonstration. And, lastly, we will look into the essentials of Google Cloud Platform Fundamentals and how to exactly prepare for it. By the end of this video, I can assure you that all your GCP-related concepts will have been clear. So for this training with me, you have an experienced GCP specialist.
Speaker Change #221: But before diving deep into the concept.
Speaker Change #221: Even first covered basics, starting with understanding what does she CP followed by the GCB, Jake Elliott Investor even explore GCB services.
Speaker Change #221: And its infrastructure.
Speaker Change #221: Neither had a quick comparison between JCB AWS and Azure, along with hands on experience with JCB.
Speaker Change #221: Thanks, Lynn Moore, the ECB that hosting and then he will understand Goldman machine learning with proper demonstration and at last we then look into the Sanchez of Google Cloud platform fundamentals.
And how to exactly the bet bye bye.
Speaker Change #221: By the end of this when you're like at the show you that on your GCB related concepts would have been killed.
Speaker Change #221: So far this training with me.
In GCB specialist to get overly walk you through the different changes.
Unknown Speaker: Together, we'll walk you through the different crucial GCP keynotes. So, let's start with an exciting video on Google Cloud In-Depth Tutorial 2022. Before we begin, make sure to subscribe to our YouTube channel and hit the bell icon to never miss an update from Simpli.me. Good morning and good evening, everyone.
Speaker Change #221: No.
Duane: So let's start with an exciting video on cloud indicate ordeal Duane. Thank you before we begin mixture to subscribe to our Youtube channel and hit the Pentagon and elimination of data simply done.
Unknown Speaker: So welcome to this session on Google Cloud Platform. My name is Ajay, and I'm an instructor with Simply Learn and also working as a big data and cloud architect for various clients across the globe. In this session, we learn about Google Cloud Platform, where we will learn about what cloud computing is, why Google Cloud Platform, what GCP is, that is Google Cloud Platform, Google Cloud Platform domains, about a use case, that is the Ferrero use case, and also a quick demo on using services from Google Cloud Platform.
Speaker Change #221: Good morning, and good evening everyone.
AJ: Welcome to this session on Google Cloud platform. My name is a J and I'm, an instructor, which simply learn and also working as a big data and cloud architect for various clients across the globe. In this session. We learn about Google cloud platform and we will learn about what does cloud <unk>.
AJ: Building why Google Cloud platform, what is GCB that is Google cloud platform.
AJ: Our cloud platform domains.
AJ: About a use case that is federal use case and also a quick demo on using services from Google Cloud platform. So when we talk about Google Cloud platform. We also need to know what is cloud computing. So cloud computing is the use of hardware and software competence to deliver a service.
Unknown Speaker: So when we talk about Google Cloud Platform, we also need to know what cloud computing is. So cloud computing is the use of hardware and software components where users can access these files and applications and services provided by a cloud provider from any device that has access to the internet. In short, cloud computing is a way where a cloud provider provides access to different services such as resources.
AJ: Network users can access the files and applications and services provided by cloud providers from any device that has access to internet.
AJ: Chart cloud computing is a way where cloud provider for wage access to different services such as it as sources and when we talk about the sources here, we talk about computing, we talk about memory, we talk about processing power, we talk about storage and we also talk about.
Unknown Speaker: And when we talk about resources here, we talk about computing, we talk about memory, we talk about processing power, we talk about storage, and we also talk about different services which cloud providers make available for the users. Now, that allows us to have automatic software integration, backup and restoring data, unlimited storage capacity, having a reliable use of different services, and having a cost-efficient solution. Now, we know that there are different service models in cloud computing.
AJ: Different services, which cloud providers make available for the users know that.
AJ: How's us for automatic software integration backup and restoring data unlimited storage capacity, having a reliable use of different services and having a cost efficient solution now.
AJ: Now we know that cloud computing models that are different service models. So you have <unk> platform as a service you have infrastructure as a service and you have software as a service and these are the prominent models, which are offered by different cloud providers, such as Google cloud such as <unk>.
Unknown Speaker: So, you have platform as a service, you have infrastructure as a service, and you have software as a service. And these are the prominent models which are offered by different cloud providers such as Google Cloud, Google, you have Amazon, you have Azure, and also some organizations build their own private clouds using the open source OpenStack. Let's focus more on Google Cloud Platform and what it has to offer and how it is gaining popularity in the market with different organizations that would want to work on a cloud platform or which would want to work on an infrastructure that is modernized.
AJ: Google Youll have Amazon Youll have as your and also some organizations bed.
AJ: Our own private clouds using open source open stack.
AJ: Let's focus more on Google cloud platform and what it has to offer and how it is gaining popularity in the market with different organizations.
AJ: I would want to work on a cloud platform all of which would want to work on and infrastructure images modernized. So when we talk about cloud computing. This is one of the approach which organizations can take to instantaneously benefit from modernization.
Unknown Speaker: So, when we talk about cloud computing, this is one of the approaches that organizations can take to instantaneously benefit from modernization using different services, different platforms, and also newer technologies for their various requirements, such as scalability or dynamic businesses. Before we get into Google Cloud Platform, it is also good to understand where you can find some useful resources about Google Cloud Platform. And here, you have a website which is from your Google Cloud.
AJ: Using different services different platforms and also newer technologies for their various requirements such as scalability our dynamic businesses.
Before we get into Google Cloud platform. It is also good to understand where you can find some useful resources about Google cloud platform and here you have a website, which is from your Google cloud. So this is cloud Academy Dot Com Slash Library, Slash, Google and hear you.
Unknown Speaker: So, this is cloudacademy.com slash library slash Google. And here, you can create a free account. Now, that would give you just seven days of a trial, but that has a lot of videos which talk about the Google Cloud Platform and essentials, and it has various certification-related videos which you can access. And then, after seven days, after you have tried it, you can obviously go for a paid account where you can take detailed learning from here.
AJ: You can create a free account now that would give you just seven days trial, but that has lot of videos, which talk about Google cloud platform and essentials and it has really a certification related videos, which you can access and then after seven days. After you have tried you can.
Obviously, gulfport I paid account, where you can take detailed learning from peers.
Unknown Speaker: Now, this is your training library which shows you different cloud providers such as Amazon, Microsoft Azure, GCP, and then you have various other topics which are specific to your organization. You can obviously look at the pricing, and you can also look at resources which will give you a good experience learning from these videos.
No. This is Youre training library, which shows you a different cloud providers, such as Amazon, Microsoft Azure or.
AJ: G C. B and then you have various other topics, which are the specifics.
AJ: Organization.
AJ: You can obviously look at the pricing and you can also look at resources, which will give you a good.
AJ: Expedience and learning from these videos you can also create a free account, which I will walk you through later so you can create a free account on cloud at Google Dot Com no. When I say free account that basically means it allows you to create an account and every user.
Unknown Speaker: You can also create a free account, which I will walk you through later. So, you can create a free account on cloud.google.com. Now, when I say free account, that basically means it allows you to create an account, and every user who creates an account gets a $300 free credit which can be used to practice, brush up on your skills, and also explore and learn about different Google Cloud products which are offered by Google.
AJ: It's an account gets you $300 three granted which can be used to practice brush up your skills and also explore and learn about different Google cloud products, which are offered by global now.
Unknown Speaker: Now, coming back to our Google Cloud Platform, let's understand why Google Cloud Platform is popular. So, Google Cloud Platform is popular for many reasons. Now, let us see a few of the most important reasons why it stands out.
AJ: Now coming back to Google Cloud platform, let's understand why Google cloud platform. So we will cloud platform is popular for many reasons now let us see few of most important reasons why it stands out.
Unknown Speaker: When you talk about pricing, pricing is one of the significant factors that make Google Cloud stand out among the other cloud providers. It offers a monthly pricing plan, which is built according to monthly usage. And when we talk about billing here, the billing can be in hours, it can be in minutes, and it can also be in seconds.
AJ: When you talk about pricing pricing is one of the significant factors that make Google cloud standout among the other cloud providers.
AJ: It offers a monthly pricing plan, which is paid according to monthly usage and when we talk about billing here the billing can be in ours. It can be minutes and it can also mean seconds. There are different options. When you talk about your pricing, which can be found from your Google cloud.
Unknown Speaker: There are different options when you talk about your pricing, which can be found from your Google Cloud web page. Now, pricing could be based on preemptive machines. Pricing could be based on reserved instances or reserved resources. I'll show you the link where you can find more details on the pricing part of it. So Google Cloud really has various pricing options which help customers with their different requirements, whether they would go for any of the service models.
AJ: Good web page now pricing could be based on pre emptive machines, placing could be based on reserved institutions are resolved the sources.
AJ: Show you the link where you can find more details on pricing part of it so Google cloud really has.
AJ: Ideas pricing options, which help customers in their different requirements, whether they would go for any of the service models such as infrastructure as a service platform as a service or even software as a service one more attractive thing about Google cloud pricing is that it provides committed use discounts.
Unknown Speaker: Such as infrastructure-as-a-service, platform-as-a-service, or even software-as-a-service. One more attractive thing about Google Cloud pricing is that it provides committed use discounts. For example, under this scheme, you can purchase a specific amount of virtual CPU cores and memory for up to 57% off regular prices if you commit usage for either one or three years. Now, this is just one option.
AJ: For example, under this scheme you can purchase a specific amount of virtual CPU cores and memory for up to 57% of regular places if you commit to usage for either one or three years. Now. This is just one option there are various such options, which you can learn about from the Google cloud.
Unknown Speaker: There are various such options which you can learn about from the Google Cloud page, and that really suit different customers for their different requirements. Now, when we talk about speed, we don't really need to challenge this aspect when it comes to Google services. So Google provides its Google Cloud and Google App customer speed up to 10 terabytes because of its faster cable system. There are different kinds of machines which can be used if you're talking about computation, if you're talking about memory-hungry applications, or even storage-intensive workloads. All in all, speed is one of the defining characteristics of Google Cloud services. The cable has connections to the U.S. West Coast, main cities in Japan, and even major hubs in Asia.
AJ: Speech and that really suits different customers for their different requirements.
AJ: Now when we talk about speed, we don't need to really challenge. This aspect when it comes to Google services. So we'll provide just Google cloud and Google App customers speed up to 10 terabytes because of its fastest cable system. There are different kind of machines, which can be used if youre talking about compute.
AJ: Asian, if youre talking what memory hungry applications or even storage intensive workloads. All in all speed is one of the defining characteristics of Google Cloud services.
AJ: Cable has connections over the U S West Coast main cities in Japan, and even major hubs in Asia. This speed enhancers performances and leads to customer satisfaction now when we talk about customers. Amy on every customer would prefer to have low latency high throughput base.
Unknown Speaker: This speed enhances performance and leads to customer satisfaction. Now, when we talk about customers, any or every customer would prefer to have low-latency, high-throughput-based services. They would want to use higher speeds to process their data in as little time as possible. Google provides a low-latency network infrastructure. In fact, you can say that when you are using Google Cloud services, you are using the services from the same infrastructure which Google uses for its popular services such as Google Search or even YouTube, which is one of the second-largest repositories which can be accessed for videos.
AJ: <unk> services, they would want to use higher speeds to process their data in as less time as possibly Google provides a low latency network infrastructure. In fact, you can say that when you are using Google Cloud services you are using the services from the same in <unk>.
AJ: Structure, which Google users for its popular services, such as Google search or even Youtube, which is one of the second largest repository, which can be accessed for videos now when we talk about big data Big data is data, which is very complex.
Unknown Speaker: Now, when we talk about big data, big data is data that is very complex, has a lot of other characteristics, such as your volume, you have velocity, you have variety, you have veracity, validity, volatility, virality, and so on.
AJ: A lot of other characteristics such as beer volume you have velocity you have <unk> you have velocity validly volatility, while it'll be and so on so if an organization is working on big data, Google cloud can be a better choice because.
Unknown Speaker: So if an organization is working on big data, Google Cloud can be a better choice because Google has many innovative tools for cloud warehousing, for example, such as BigQuery and even real-time data processing tools such as Dataflow. BigQuery is a data warehouse that allows massive processing of data at high speeds, basically working on your structured data. Google also has launched some new machine learning from artificial intelligence tools. Now, there are various other services which we can use from Google Cloud Platform, but let's understand what Google Cloud Platform is and what some of the services are.
AJ: Google has many innovative tools for cloud warehousing for example, such as big query and even real time data processing tools, such as data flow Big Weighty is a data warehouse that allows massive processing of data at high speeds basically working wanting a structured data Google also.
AJ: Has launched some new machine learning from artificial intelligence tools now there are various other services, which we can which we can use from Google cloud platform, but let's understand what does Google cloud platform and what are some of the services even the services, which are not listed here can be found in <unk>.
Console from Google Cloud, So what does Google cloud platform GCB. It as a set of cloud computing services provided by Google that runs on the same infrastructure as I mentioned that Google users and user products like Youtube Gmail, and even Google search the video set of services.
Unknown Speaker: Even the services which are not listed here can be found in your console from Google Cloud. So what is Google Cloud Platform, GCP? It is a set of cloud computing services provided by Google that runs on the same infrastructure, as I mentioned, that Google uses for its end-user products like YouTube, Gmail, and even Google Search. The various sets of services offered by Google Cloud Platform are, so you have services which are specific to computing requirements, and again, in computing, you have various different options available.
Is offered by Google Cloud platform.
AJ: So you have services with jobs specific to computing requirements and again in computing you have various different options available you'll have machines, which are compute optimized machines, which are memory optimized machines, which are storage optimized and also we have.
Unknown Speaker: You have machines which are compute-optimized, machines which are memory-optimized, machines which are storage-optimized, and also we have certain machines such as preemptive, which basically means that you could get a machine to work on at a far lower price than any other machine.
Certain machines, such as premium dish, which basically means that you could get a machine to work on AD if far lesser price than any of the machine, but when we talk about pre emptive. These are the machines, which can be sequestered on demand and they can be taken back by Google It.
Unknown Speaker: But when we talk about preemptive, these are the machines which can be requested on demand, and they can be taken back by Google at any time. You have networking-related services, which can be very useful when you are setting up your applications or your services across the globe. You also have different services which are specific to machine learning, and organizations which would be interested in working on machine learning or artificial intelligence would be really interested in using these services. There are also innovative solutions to work on big data and big data-related technologies.
AJ: Anytime you have networking related services, which can be very useful when you are setting up your applications. All your services across the globe. You also have different services, which are specific to machine learning and organizations, which would be interested in watching on machine learning.
AJ: All of our artificial intelligence would be really interested in using these services. There are also innovative solutions to work on big data.
AJ: And big data related technologies now when we talk about Google cloud platform domains. So weekend breakdown. These services into specifics such as Youll have compute now the compute service allows for computing and hosting cloud.
Unknown Speaker: Now when we talk about Google Cloud Platform domains, we can break down these services into specifics, such as you have compute. Now the compute service allows for computing and hosting the cloud. Now when you talk about computing, here there are different services such as App Engine, you have Compute Engine, you have Kubernetes, you have Cloud Functions, and Cloud Run. When you talk about storage and databases, the storage and database service allows applications to store media files, backups, or other file-like objects.
AJ: Cloud.
AJ: Now when you talk about computing here there are different services such as App engine, you have compute engine, you'll have kubernetes, you'll have cloud functions and cloud.
AJ: When you talk about storage and database so the storage and database service allows application to store media files backups, although they're fine like objects Nobilia services. Under this are as follows you have cloud storage cloud SQL cloud big table for unstructured data you'll have cloud.
Unknown Speaker: Now, various services under this are as follows. You have Cloud Storage, Cloud SQL, Cloud Bigtable for unstructured data. You have Cloud Spanner, Cloud Datastore, Persistent Disks, and Cloud Memorystore. When we talk about networking, the networking service allows us to load balance traffic across resources.
AJ: Spanners cloud data store, but system disc and.
AJ: And cloud memory stop when we talk about networking the networking service allows us to load balance traffic across our sources now as I mentioned earlier resources could be your different sources, which you'd be using from a cloud platform such as <unk> devices you have in sensors memory.
Unknown Speaker: Now, as I mentioned earlier, resources could be your different resources which you would be using from a cloud platform, such as your devices, your instances, memory-optimized or CPU-optimized instances, or other resources creating DNS records, and much more. So various services under this are VPC, that stands for Virtual Private Cloud. You have Cloud Load Balancing, Cloud Armor, and Cloud CDN. You also have Cloud Interconnect, DNS, and Network Service DS. When we talk about the big data service, this allows us to process and query big data in the cloud.
AJ: <unk> optimized the CBO optimizing sensors or other resources, creating D&S like gods and much more so media services under this BBC that stands for watch oil play with cloud you have cloud load balancing cloud armour cloud C. D. N you have cloud interconnect.
AJ: S and network service to yes, when we talk about the Big data service. This allows us to process them quite a big data in cloud video.
Unknown Speaker: Now various services under these are as follows. You have BigQuery, Cloud, Cloud Dataproc, Cloud Composer, Cloud Datalab, Cloud Dataprep, and Cloud PubSub, which is a publish and subscribing system. You have Cloud Data Studio. Now you also have the developer tools, and the developer tools service includes tools related to the development of an application. Now, various services under these are as follows. That is, you have Cloud SDK, and the Software Development Kit. You have Deployment Manager, Cloud Source Repositories, and Cloud Test Lab. When we talk about identity and security, which is one of the primary concerns for any organization or any user who would be interested in using a cloud platform, Google Cloud really has taken care of this.
AJ: Media services under these are as follows you have big query cloud cloud data Brock.
AJ: Cloud data lab data prep cloud Bob So we just published Scribing system, you have cloud data studio now you'll also have the developer tools and develop a tool service includes tools related to development of an application and Albania services under these are as follows.
AJ: So youll have cloud SDK or software development kit you have deployment manager cloud source repositories and cloud this slip.
AJ: We talk about 18 to be in security, which is one of the primary concerns for any organization any user who would be interested in using our cloud platform.
AJ: Will cloud really has taken care of this so when you talk about identity and security domain. This deals with security services media services here.
Unknown Speaker: So when you talk about the identity and security domain, this deals with security services. Now, various services here are Cloud Identity. You have Identity and Access Management, that is Cloud IAM. You have Identity-Aware Proxies.
AJ: Identity, you'll have identity and access management that as cloud E. M. You have identity aware proxies, you'll have cloud data loss prevention API security key enforcement key management service and many more.
Unknown Speaker: You have Cloud Data Loss Prevention API, Security Key Enforcement, Key Management Service, and many more. You also have cloud services which are related to the Internet of Things, so many of them would be used by organizations who would be working on IoT devices or the data generated by these devices. So, various services here are Cloud IoT Core, you have Edge, TPU, and Cloud IoT. Also, when we talk about Cloud AI, that is Artificial Intelligence, this consists of services related to machine learning and much more.
AJ: We'll also have cloud services, which are related to internet of things. So very much would be used by organizations, who would be working on Iot devices. All of the data generated by these devices. So video services here.
AJ: Iot God, you have age TPU and cloud Iot also when we talk about cloud era that is artificial intelligence. This comprises of services related to machine learning and much more so you'll have cloud auto ml cloud GPU cloud machine learning engine job discover.
Unknown Speaker: So, you have Cloud AutoML, Cloud TPU, Cloud Machine Learning Engine, Job Discovery, Dialogflow Enterprise, Natural Language Cloud, Text-to-Speech, and much more. If you are interested in services related to the API platform, then there are different services under this category or this domain. So, you have the Maps platform, you have the APG API platform, monetization, developer portal, analytics, that is API analytics, APG Sense, cloud endpoints, and service infrastructure. So, these are some of the list of services under each cloud platform domain.
The dialogue slow enterprise natural language cloud text to speech and much more.
AJ: If you would be interested in services related to API platform than there are different services under this category or does this domain. So you have maps platform you have APG API platform monetization developer portal and analytics that is EPA and analytics <unk> sense.
AJ: Data points and service infrastructure. So these are some of the listing of services under each cloud platform domain.
Unknown Speaker: Now, let's look at the Ferrero use case, and let's also understand what was done here. Ferrero is one of the famous chocolates and ranks third among worldwide chocolate and confectionery producers. It was founded in 1946 in Italy.
AJ: Now, let's look at federal use case, and let's also understand what was done here. So federal is one of the famous chocolate and ranks third among worldwide chocolate and contractionary producers. It was found in 1946 in Italy.
Unknown Speaker: I'm sure you would have seen the Ferrero chocolates when you have gone out to buy some chocolates. So, the challenge here was that Ferrero, as we know, is sold in every supermarket and is known for its quality. Once the business grew, some issues arose, right? And that's what happens when a business grows. You have issues popping up, which could be related to the volume of data, the speed with which the data is being generated, the variety of data, and also looking at your platforms which support different dynamic applications or your scalability requirements, performance requirements, and so on. There was a huge gap between the company and the people who bought its goods because the company relied on data-given sales outlets.
AJ: I'm sure you would have seen the federal chocolates spin you would have gone out to buy some chocolate. So the challenges here was that federal as we know is sold in every supermarket and is known for its quality once the business grew some issues.
AJ: Right and that's what happens when the business grows you'll have issues popping up which could be related to the volume of data the speed with the study days getting generated the variety of data and also looking at your platforms, which support different dynamic applications audio scalability requirements.
AJ: Performance requirements and so on so it needed data storage processing and analysis system far and wide customer database.
AJ: There was a huge gap between the company and the people who bought it gold's, but does the company relied on data given sales outlets not that's one of the challenge federal wanted to create a digital ecosystem, where there was a point of contact with its customers and also a foundation for an innovative data.
Unknown Speaker: Now, that's one of the challenges. Ferrero wanted to create a digital ecosystem where there was a point of contact with its customers and also a foundation for an innovative data-driven marketing strategy. What was the solution?
AJ: Marketing strategy, what does a solution here. So one of the service of cloud platforms or Google Cloud platform is big clearly and this was an answer to federal's challenges since it was capable of hyper fast and efficient data analysis as a solution now as I mentioned big query.
Unknown Speaker: So one of the services of cloud platforms, or Google Cloud Platform, is BigQuery. And this was an answer to Federo's challenges, since it was capable of hyper-fast and efficient data analysis as a solution. Now, as I mentioned, BigQuery is a data warehouse that allows you to store structured data.
Unknown Speaker: Now, this could directly be used as a service where you could store any amount of data, and you would not be paying for storage. So there are different pricing models. And for data up to 1 terabytes, you would not be charged anything. And if you were accessing the data, that is, reading the data or processing the data from BigQuery, that's where the pricing model kicks in. Now, using Google Cloud's BigQuery, business analysts at Federo are able to store and analyze massive data sets in a very reliable, fast, and affordable manner.
AJ: Is the data warehouse, which allows you to store structured data now this could definitely be used as a service where you could have stored in any amount of data and you would not be paying four stood at so there are different pricing models and for data.
AJ: Up to one terabyte, you would not be charged anything and if you would be accessing the data that is reading the data at processing the data from the equity that's where the pricing model.
AJ: Now using Google clouds, Big weighty business analysts of federal we're able to store and analyze massive data sets and a very reliable fast and affordable manner.
Unknown Speaker: Consumer behavior and sales pattern data reports were easy to build and automate, and the analysis also led Ferrara to adopt advertising across various marketing channels to serve the customer needs in a better way. What was the result?
AJ: Consumer behavior and sales pattern data reports that easy to build and automate.
AJ: And the analysis also followed federal to adult.
AJ: Advertising across various marketing channels to serve the customer needs in a better way what was the result.
Unknown Speaker: They could divide their database into real-time actionable consumer clusters to generate more accurate user profiles. Ferrero was also able to personalize its marketing strategies to match user needs. Now, Google Cloud Platform completely tailored the website, mobile content, and advertising and created a very cost-effective media by strategy. Now, these were some basics on Google Cloud. Now, as I said, you can always find a lot of details about pricing, about services, and also all the services are accessible in your free trial account. Now, let me just walk you through it.
AJ: They could be wide their database into real time actionable consumers clusters to generate more accurate user profiles federal was also able to personalize marketing strategies to match the user needs now.
AJ: Google Cloud platform completely tailored the website mobile content and advertising and created a very cost effective media buying strategy.
Speaker Change #224: These were some basics on Google cloud no as I said, you can always find lot of details about pricing about services and also all the services are anxious as well in your free trial account now let me just walk you through here. So one is you can always find details on <unk>.
Unknown Speaker: So, one is you can always find details in the documentation for each of these services. So, if I click on getting started, you have Quick Start, which basically shows you short tutorials. You have training, and you also have certifications.
Speaker Change #224: Documentation on each of these services. So if I would click on getting started you have quick start which basically shows you shocked tutorials, you'll have trainings and you have also certifications now if we click on quick start.
Unknown Speaker: Now, if we click on quick start, Now that takes me to this page, which shows me quickstarts, or if you would want to understand about different projects, if you would want to look into the documentation for creating a Linux virtual machine or storing a file and sharing it, deploying a container, Docker container image, and so on. So you have a lot of quick starts here.
That takes me to this page, which shows me.
Speaker Change #224: Quick starts or if you would want to understand about different projects. If you would want to look into the documentation on creating a Linux switch on machine, starting a file and sharing it deploying it containers docker container he made and so on so you have a lot of quick starts here you can also look at cloud minute.
Unknown Speaker: You can also look at Cloud Minute. On the same page, on the right side, you have Docs, and once you click on that, it takes you to these links. Now, this shows you build solutions that show you top use cases, best practices, all the solutions. It's always good to learn from these use cases which are available. And here, you have different featured products and all the different services which Google Cloud offers. Now, you can click on the featured products.
Speaker Change #224: Yeah.
Speaker Change #224: On the same page on the right side, you have docs and once you click on that it takes you to these.
Speaker Change #224: Links now this shows you based solutions, which shows you the top use cases best practices. All the solutions. It's always got to learn from these use cases, which are available and she is you have different featured products and all the different services, which Google Cloud offers no you can click on featured products.
Unknown Speaker: And that basically shows you a list of these products. Now, here, we have all the solutions which you can look at architecture, database, enterprise level, big data and analysis, gaming, Internet of things, and so on. Now, if you go down here, it shows you featured products.
Speaker Change #224: And that basically shows you a list of these products now. She is we have all the solutions, which you can look at architecture database enterprise level Big data and analysis gaming related internet of things and so on as you go down here. It shows you featured products and that shows you.
Unknown Speaker: And that shows you some of the important products, such as Compute Engine, which is in the compute domain. You have Cloud Run. You have Anthos, which is for migration and basically cloud adoption when organizations want to move from on-premise to cloud-based solutions. You have Vision AI, and you have Cloud Storage.
Speaker Change #224: Some of the important products such as compute engine, which is belonging to the compute domain you have cloud run you'll have ample switches for migration and basically cloud adoption when organizations would warrant award from Andre minus to cloud based solutions you have visionary I you have cloud story.
Unknown Speaker: Now, that basically allows you to store any kind of data, whether that's an object. So, this is acting as an object storage. You have Cloud SQL, which is basically a ready-to-use service where you would be using MySQL, Postgres, or any other SQL server database service. You have BigQuery, which is a data warehouse, which basically allows you to store your structured data.
Age now that basically allows you to store any kind of data.
Speaker Change #224: That's an object. So this was acting as an object storage you have cloud SQL, which is basically a ready to use service, where you would be using mysql post glass or any other SQL server database services you have big query images of data warehouse, which basically allows you to store your structured data and.
Unknown Speaker: And then you have your AI and machine learning-related products. So, you have AutoML, Vision AI, Video AI, text-to-speech, speech-to-text, and so on. Now, you also have different platform accelerators that can be used. And in any of these cases, for example, if I click on Compute Engine, which is a featured product from Google Cloud, now that shows you basically your quick starts, using your Linux machines, how-to guides, which tell you completely how to work on a VM instance, or work on storage, work on persistent disks, and so on.
Speaker Change #224: Then you have your AI and machine learning and related products. So you have auto ml, Virginia.
Speaker Change #224: Video text to speech speech to text and so on.
Speaker Change #224: Now you also have different platform accelerators, which can be used and in any of these cases for example, if I will click on compute engine, which is a featured product from Google Cloud now that shows you basically youre quick starts using your Linux machines, how to guides, which tells you completely.
Speaker Change #224: <unk> working on VM and stands are working on storage working on persistent desks and so on.
Unknown Speaker: And it shows you the documentation here. Now, you also have products and pricing options, which you can see for GCP pricing. And you could straightaway go to the pricing. You could be looking at solutions, which talk about infrastructure modernization.
Speaker Change #224: It shows you. The documentation here now you also have products and pricing options, which you can see for GCB pricing and Newport straight away go to the pricing you could be looking at solutions, which talks about infrastructure modernization. Now this is something which organizations are interested in when they would.
Unknown Speaker: Now, this is something which organizations are interested in, when they want to move from their on-premise solution to Google Cloud. Now, here I can, say, for example, I click on infrastructure modernization. You can always find some case studies, what are the different solutions you have here, right, when you talk about Google Cloud. So, you can always click on see solutions, and you can look at VM migration, or SAP Cloud, right, why Google Cloud, what it can be used for, VMware as a service, or HPC, which is high-performance computing.
Speaker Change #224: Want to move from their on premise solution to use Google cloud now here I can say for example, I click on infrastructure modernization you can always find some case studies what are those different solutions you be half year right. When you talk about Google cloud.
Speaker Change #224: So you can always slip on C solutions and you can look at we have migration or ACP cloud right by Google cloud what it can be used for the embedded in service or H B C that is high performance computing and about these services, we will learn in detail later.
Unknown Speaker: And about these services, we will learn in detail later. Now, I can go back to the same page where I was clicking on the services. So, you have quick starts, you have how-to guides, you have deep understanding of different concepts, right?
Speaker Change #224: Now I can go back on the same page, where I was clicking on the services. So you have to it starts you have how to guides you have deep understanding of different concepts right and here if I click on all how to gauge. So that shows me what are the different ways in which you can work with compute.
Unknown Speaker: And here, if I click on all the how-to guides, it shows me what the different ways in which you can work with Compute Engine and work with different instances. Although it's quite exhaustive content, but then if you follow it steadily, then you can learn a lot about Google Cloud. Now, I can just go back.
Speaker Change #224: Engine and working with different incentives, although it's quite exhaustive content, but then if you follow steady D. Then you can learn a lot about Google cloud.
Speaker Change #224: Sure I can just go back. So this is just giving you some idea on the different products, which are available from Google cloud looking into different sections, finding right documentation here right and you can always look into each one of these in detail for each product which bogie.
Unknown Speaker: So, this is just giving you some idea of the different products which are available from Google Cloud, looking into different sections, finding the right documentation here, right. And you can always look into each one of these in detail for each product which Google Cloud offers. Now, if we scroll down, we could see all the options or all the domains which we see here, right? Let me just go back because we got into solutions. Now, we have quick starts, right?
Speaker Change #224: Cloud office.
Speaker Change #224: No.
Speaker Change #224: The strong down we could see all the options are all of the domains, which we see here.
Speaker Change #224: Let me just go back because we got into solutions now we have quick starts right and.
Unknown Speaker: And then you can basically scroll all the way down to look at Cloud SDK, which can be set up on your Windows machine like I have set it up on my Windows machine. Plus, when you use Google Console, you have a GUI, which I'll show you in a couple of minutes, and also a Cloud Shell, where you can use your command line options to work with Google Cloud Platform. You have the Cloud Console, which is nothing but your GUI to access your resources.
Speaker Change #224: And then you can basically strong all the way down to look at cloud SDK, which can be set up on your windows machine like I have set it up on my Windows machine plus when you use Google Ponsolle you have a G U E, which I'll show you in a couple of minutes and also a cloud shell made you can use.
Speaker Change #224: Your command line options to work with Google Cloud platform, you'll have cloud console, which is nothing what youre.
Unknown Speaker: Now, you can also look at in-depth tutorials, pricing, and you have different other options. So, let's just click on pricing here, and then we have your price list, which basically gives you details of different services, what is available, and what are the services or what are the prices. So, for example, if I click on Compute Engine, right, and this shows me the pricing aspect of Compute Engine, which belongs to Compute Domain, and here you can see you have VM instance pricing, you have networking pricing, sole tenant notes, which are specific to particular organizations, or if organizations would want to have dedicated notes, you have GPU-based pricing, right, so general processing units. You have disk and image pricing, and you can click on any of the links, and you can see pricing, which also shows you your different kinds of machine types.
Speaker Change #224: To access your other sources now you can also look at in-depth tutorials pricing and you have different other options. So let's just click on pricing here and then we have your price list, which basically gives you details of different services what are available and what are the services.
Speaker Change #224: So what other places. So for example, if I click on compute engine right and this shows me the pricing aspect of compute engine, which belongs to compute domain and here you can see you have VM instance, saying you'll have networking pricing solid tenant nodes, which are specific to particular organizations.
Speaker Change #224: Alright, if organizations would want to have dedicated nodes you have GPU based pricing. So general processing units, you a desk and image pricing and you can click on any of the links and you can see pricing, which also shows you your different kind of machine types of share you have different kind of machine types. It says and one and two.
Unknown Speaker: So, here you have different kinds of machine types, which says N1, N2, N2D, E2. You have memory-optimized machine types. You have compute-optimized. You have premium images, and you can basically look at all the categories. You can look at disk pricing, which involves your persistent disk pricing for SSDs or SDDs, what are the kinds of images, what are the different network services, right?
And to be E. Two you have memory optimize machine types, you have compute optimized you'll have premium images and you can basically look at all the categories. You can look at displacing which in malls, you're persistent displacing for ssds or the S. G. DS what are the kind of your majors what are the different networks.
Unknown Speaker: And you can always look at your machine types. You can choose a particular region, right? There is the concept of region and availability zones here, and as per region, you can look at the prices. You can also look at standard prices.
Speaker Change #224: Services right and you can always look at U S machine types, you can choose a particular region right that is the concept of region and availability zones here in Asheville region. You could look at the prices. You can also look at standard places you could be looking for what are the three D. In Ms.
Unknown Speaker: You could be looking for what the free tier machines are. If I'm specifically looking for VM instance pricing, I can click on this one, and that takes me to the VM instance pricing. What is the billing module? What is the instance uptime? What is the resource-based pricing?
Speaker Change #224: <unk>, if I'm, specifically looking for VM instance, pricing I can click on this one and that takes me to the OEM incentive pricing what is our billing module. What is the instance, uptime what is it a source based pricing and then you can also look at different kinds of discounts such as sustained use discounts committed use discounts does.
Unknown Speaker: And then you can also look at different kinds of discounts, such as sustained use discounts, committed use discounts, discounts for preemptible VM instances, and so on. And this is how you can look at prices for all different resources, and you can choose the resource that you are interested in, and then look for the pricing, benchmarks, reservations, if you would want to use them and you would want to benefit, if you would want to look at what the quotas and limits are, and so on.
So <unk> and sensors and so on and this is how you can be looking at pricing for all different sources and you can choose that a source, which you are interested in and then look for the pricing benchmarks reservations. If you would want to use and you would want to benefit if you would want to look at what are the.
Unknown Speaker: So please explore this link, and you can find a lot of information when it comes to technical options, looking at different Google Cloud products, which we briefly discussed when it comes to domains and what each product can be used for. You can always come back to the main page, where I was showing you different services. We went into pricing straight away, didn't we?
Speaker Change #224: Or does it limits and so on so please explored this link and you can find a lot of information when it comes to technical options looking at different Google cloud products, which we briefly discussed when it comes to domains and what each product can be used for you can always come back to the main page that I was showing you different.
Speaker Change #224: Services, we went into pricing straight away right now you can always come back to this page on your cloud Dod Google Dot Com and then you have your solutions.
Unknown Speaker: Now you can always come back to this page on cloud.google.com, and then you have your solutions, which talk about different products, right? And you can click on these, or you can look at the technical documentation. So this talks about your different featured solutions, infrastructure solutions, you have data center migration related, and so on. So I could be talking more and more about Google Cloud Platform. It's an ocean; it's a huge chunk of different services for different organizational requirements.
Speaker Change #224: Which talks about different products right and.
Speaker Change #224: And you can click on these all you can look into technical documentation. So this talks about your different featured solutions infrastructure solutions, you have data center migration related and so on so I could be talking more and more about golf platform I'd say ocean, it's a huge chunk of differ.
<unk> services for different organizational requirements. So look into this link and also what you can do is create a account on Gmail I mean, you could create a free account audio could go to cloud at Google Dot Com and then you could create a free accounts like I have created here and again.
Unknown Speaker: So look into this link. And also, what you can do is create an account on Gmail. I mean, you could create a free account, or you could go to cloud.google.com, and then you could create a free account like I have created here. And I can just click on Console. Now this is my GUI, or Google Cloud Console, which basically allows me to work with Google Cloud. There are a lot of options here by default when you create an account. Now, in my case, on the top, it says it's a free trial account. I have $300 in credit, and out of that, $251 is left, and 237 days out of a year are left for my account.
Speaker Change #224: Just click on console, that's my <unk> or Google Cloud console, which basically allows me to work with who will cloud.
Speaker Change #224: A lot of options here by default.
Speaker Change #224: Create an account now in my case on the top of change. It's a free trial account I have $300 credit and out of that to $51 is left at 237 days of ear are left for my account now here I can basically see the project right and.
Unknown Speaker: Now, here I can basically see the project, right? And by default, we can create a project, or by default, there is a project existing for any user. So when you log in, it creates a particular project, and you could create a new project, and the purpose would be to dedicate your different services or different resources to different projects. So this is your dashboard, which basically shows your projects, which shows you a project number and a project ID, which is always unique. Now you can click on this and this, and if you want, you can hide this information.
Speaker Change #224: And by default, we can create and projects are by default. There is a project existing for any user. So when you login. It creates a particular project and you could create a new project and project would be to dedicate your different servicers are different resources per different project. So this is your dashboard.
Unknown Speaker: You can also look into the documentation part of it. Then it shows you the different services or graphical information of services which you might have used in the past. For example, you have Compute Engine, which shows you how much percentage of CPU was used.
Speaker Change #224: Which basically shows you a project, which shows you a project numbers and a project idea, which is always unique now you can click on this and this if you would want you can hide this information you can also look into the documentation part of it and then it shows you the different services or a graphical inflammation of services.
Speaker Change #224: Which you might have used in past. So have you have compute engine, which shows you how much percentage of CPU was used you can always go to compute engine is it servers you can look at your Google Road platform status and look at the World Class status. Now. This is billing now since this shows me the billing period for.
Unknown Speaker: You can always go to Compute Engine as a service. You can look at your Google Cloud Platform status and look at the Google Cloud status. Now this is billing.
Unknown Speaker: Now, since this shows me the billing period for April month, and I can always look at detailed charges, I can look at reporting. I can look at different APIs which Google offers. And for your different kinds of work, you can always go to the API overview or the API link and enable or disable any API. Now, once you enable or disable any API, then you can use that. So you have a new section, you have documentation, and you have getting started guides, which tell you how to use or enable different APIs. If you want to deploy a prebuilt solution, add dynamic logging, monitoring errors, deploying a Hello World app, and so on. Now, this is your dashboard.
Speaker Change #224: Our April month, and I can always looked at retail charges I can look at reporting I can look at different Api's, which Google offers and for your different kind of work you can always go to the API overview or the API link and enable or disable any API. Once you enable are the same.
Speaker Change #224: Well any API then you can use that so you have new section you'll have documentation and you have getting started guides, which tells you how to work on enable different api's. If you would want to deploy a pre built solution.
Speaker Change #224: Dynamic logging monitoring it is deploying a hello world App and so on now this is your dashboard I can click on activity and that would show me what kind of activity I would have done in my cloud platform I can always choose the kind of activities by saying equity type.
Unknown Speaker: I can click on activity, and that will show me what kind of activity I will have done on my cloud platform. I can always choose the kind of activities by saying activity type. I can choose the resources. Now, it shows me that I created some VM instances. I deleted them.
Speaker Change #224: Those that are sources now it shows me that I created some VM and sensors I deleted them.
Unknown Speaker: I updated some metadata. I basically worked on instances. I changed some firewall rules here.
Speaker Change #224: <unk> updated some metadata basically worked on instances I changed some firewall rules here I have them also worked on some other services saw EPA. So I created some buckets, which is for object storage and again I have been working with some in sensors and creating.
Unknown Speaker: I have then also worked on some other services or APIs. So I created some buckets, which is for object storage. And again, I have been working with some instances and creating some firewall rules. Here, I have granted some permissions. I'm setting up a policy, right?
Some firewall rules here I have granted some promotions I am setting up a policy right. So this activity gives me a history of what things I have done over the past couple of months, while working on Google Cloud platform now.
Unknown Speaker: So this activity gives me a history of what things I have done over the past couple of months while working on Google Cloud Platform. Now... In the top left corner, you have the hamburger menu, which you can click on. So that's your navigation menu. And when you click on this, it shows you your home.
Speaker Change #224: On the top left corner, you will have the hamburger menu, which you can click on this so that's your navigation menu and when you click on this this is your home. It takes you to the marketplace. Specifically it takes you. The billing you can always look at Api's and services. So shared in API services pretty much bode well.
Unknown Speaker: It takes you to the marketplace, and specifically takes you to billing. You can always look at APIs and services. So here in API services, I can pretty much go to a dashboard, and I can see a report on the traffic or errors or latency and the kind of APIs which are available. So you have the Compute Engine API. You have the BigQuery API, the BigQuery Data Transfer API, BigQuery Storage, and Cloud Dataproc. So these are some of the APIs or services I've used in the past. Might be I was evaluating a product. It might be that I was using a particular product.
Speaker Change #224: Dashboard and I can see a report on the traffic or errors or latency and the kind of Apis, which are available. So you have compute engine API you have big <unk> Big query data transfer API storage cloud data products. So these are some of the API as a services I've used in bus.
Speaker Change #225: Might be avon's evaluating your product might be I was using a particular product. So you will have whenever you would want to use a particular service from Google Cloud platform, you would be enabling visa Apis. So should we see some apis for data product you have.
Unknown Speaker: So whenever you want to use a particular service from Google Cloud Platform, you would enable these APIs. So here we see some APIs for Dataproc. You have logging, monitoring, you have Resource Manager API, you have Cloud SQL, which allows you to directly use MySQL or Postgres. You have Cloud Storage, right, and so many APIs. So if I want to enable a particular API, which is not right now required, but then it's good to know, you can always click on this one. You can search for an API.
Speaker Change #225: Logging wanted training you have resource manager at API, you have cloud SQL, which allows you to directly use my SQL pulse glass you have cloud storage right and so many Apis. So if I would want to enable a particular API. We're just not right now required but then it's good to know you can always click.
Unknown Speaker: So for example, if I say Dataproc, right, and that shows me the Cloud Dataproc API, which manages Hadoop-based clusters and jobs on Google Cloud Platform. So I can spin up a Hadoop cluster, and I can start running some jobs on a Hadoop cluster on demand. And as I'm done with it, I can just get rid of it.
Speaker Change #225: On this one you can search for an API. So for example, if I would say data broke right and that shows me. The cloud data broke API, which manages hadoop based clusters and jobs on Google cloud platform. So I can spin up a hadoop cluster and I can start running some jobs on a hadoop cluster, our demand and as I am done.
Unknown Speaker: So this is an API which I would have to enable. And then for every particular service, you also have an admin API which you would enable. Now, going back, so coming out of this API library, I went into APIs and services. Now, there you can look into the library, you can look at credentials, and you can also look at different time intervals for which you can see the usage of your different APIs.
Speaker Change #225: With it I can just get rid of it. So this is an API, which I would have to in the table and then for every vertical of service. You also have an Ed many of which you would enable.
Dennis: Going back so coming out from this API library I bought into API and services now Dennis you can look into the library you can look at credentials and you can also look at different time intervals for which you can see the usage of your different apa's now going back to the menu.
Unknown Speaker: Now, going back to the menu, you have support, wherein you can always reach out to the Google support team if you are using a paid version. Even with the free trial, you can try to reach out, and you will find someone to help, but it is always good when you have a billing cycle to reach out to customer care.
Speaker Change #227: <unk> support.
Speaker Change #227: And you can always reach out to the Google supporting if you are using a paid Watson even with free trial, you can try to reach out and you will find someone to help but it is always good when you have a billing cycle, reaching out the customer care you have identity access management and admin and this is required when you walk in.
Unknown Speaker: You have identity access management and administration, and this is required when you're working with different APIs or services when you would want to have relevant access. You are getting started. You have security-related options. You have Anthos, which is mainly for migration. Now here, you can look at your different domains, such as the ones we discussed. So you have compute, and in compute, you have different services. So you have App Engine, you have Compute Engine, Kubernetes, you have Cloud Functions, and Cloud Run. You can look into the storage aspect, which shows you a bit table which is usually and mainly for your unstructured data.
Speaker Change #227: With different API as a services when you would want to have relevant axis. You have getting started you have security related options you have and tours, which is mainly for migration. Now. She is you can look at your different domains, such as a switch or a disk. So you have compute and in compute you'll have different <unk>.
Speaker Change #227: Services. So you have App engine, you have compute engine kubernetes, you have cloud functions and cloud Ram you can look into the storage aspect, which shows you bid table, which is usually and mainly for your unstructured data.
Unknown Speaker: Bit table, which is something which gave rise to popular NoSQL databases like HBase and Cassandra. You have data store, which can be used. You have fire store, file store, and storage, which can be used to put in data of any kind. You have SQL for structured data.
Speaker Change #227: Big table, which is something which gave rise to popular noise dual databases like etch base in Cassandra you'll have data stored which can be used you have firestone file store storage, which can be used to put in data of any kinds you have SQL for structured data you'll have standards as a service you have.
Unknown Speaker: You have Spanner as a service, you have a memory store, and you have data transfer. Now, when it comes to the networking domain, you have all these services such as VPC, Virtual Private Network, network-related services for your load balancing, for using a cloud-based DNS or cloud-defined network. You have hybrid connectivity, network service tiers, security, and intelligence. Then you have other options for your operations which can be used. And here you have different other tools which can be used, such as Cloud Build.
Speaker Change #227: Memory store and you have data transfer.
Speaker Change #227: Now when it comes to the networking domain you have all these services such as BBC.
<unk> network network related services for your load balancing for using a cloud based DNS.
Speaker Change #227: Cloud defined network, you'll have hybrid connectivity network service tiers security and intelligence then you have other options for your operations, which can be used and here you have different other tools, which can be used such as cloud build you'll have cloud tasks containers just street deployment manager.
Unknown Speaker: You have Cloud Tasks, Container Registry, Deployment Manager, and many more. For big data, you have the services here. So you have Dataproc, which can be used to spin up your clusters. You have published subscribed messaging systems, such as Kafka, which you might have heard of, originates its idea from here.
Speaker Change #227: And many more big data specific you have the services here. So you have data product, which can be used to spin up your clusters. You have published subscribed messaging systems, such as now Kafka, which you might have heard of originates its idea from here. So pump sub you'll have data flow you have Iot core big query.
Unknown Speaker: So PubSub, you have Dataflow, you have IoT Core, BigQuery, which is a data warehouse package or data warehousing solution from Google Cloud. Now, you have your artificial intelligence-related services and other Google solutions. So you can always find a huge list of services, or you can say high-level solutions offered by Google Cloud. And we can use these to basically test some of the solutions, use them, and work on them.
Speaker Change #227: Which is at the end of it those package or data warehousing solution from Google Cloud. Now then you have your artificial intelligence related services and other Google solutions. So you can always find a huge list of services or you can say at high level solutions offered by Google Cloud and we can use these.
Speaker Change #227: These two basically test some of the solutions use them and work on them. So I'll give you a quick demo on different services, which can be used here from your Google Cloud platform. Now. This is your Google cloud platform and this is your console now. This also gives you a clue.
Unknown Speaker: So I'll give you a quick demo of different services which can be used here from your Google Cloud Platform. Now this is your Google Cloud Platform, and this is your console. Now this also gives you a cloud shell which can be activated so that you can work from the command line. And you can always find a lot of documentation on that.
Loud shell, which can be activated so that you can work from command line and you can always find a lot of documentation on that so you can also set up your cloud shell that is SDK on your Windows machine and if you have set it up then basically you could be doing something like G cloud right.
Unknown Speaker: So you can also set up your cloud shell, which is the SDK on your Windows machine. And if you have set it up, then basically, you could be doing something like G Cloud if the cloud is set up. So in my case, I set up the cloud SDK, and basically, I can get into that by looking at what part I have set up, the cloud SDK. And then I can be using it from my Windows machine.
Speaker Change #227: If the cloud has been set up so in my case I had set up the cloud SDK and basically I can get into that.
Speaker Change #227: By looking at what part I have setup, so cloud SDK and then I can be using it from my Windows machine asked but my comfort I can also activate the cloud shell here, which will basically open up at terminal and at any point of time, you can open up this one cloud Chilean a different window. It is preparing the cloud shell.
Unknown Speaker: As for my comfort, I can also activate the cloud shell here, which will basically open up a terminal. And at any point in time, you can open up this one cloud shell in a different window. It is preparing the cloud shell where it will, by default, set up your project. It will set up the metadata. And now I am logged into my Google Cloud account from the command line.
Speaker Change #227: It will by default setup your project it will set up the metadata and now I am logged into my Google Cloud account from come online and here I can basically use G cloud right and that basically shows you the different options, which are available, which you can be using so if you would want to use.
Unknown Speaker: And here, I can basically use G Cloud. And that basically shows you the different options which are available, which you can be using. So if you want to use a particular service, you can also try giving it help. And that shows you how you manage your Google Cloud platform. So you have different options for billing, to work with your different services.
Speaker Change #227: A particular service you can also try giving you hell and that shows you how do you manage your Google cloud platform right. So you have different options for billing to work with you or different services and basically you could be working on Google cloud using this cloud shelf from your come online you.
Unknown Speaker: And basically, you could be working on Google Cloud using this cloud shell from your command line. Usually, for people who are learning Google Cloud in the beginning, it is always good to go for the console and use your different services from here in an easier way. But, as I said, you can always use the command line.
Speaker Change #227: Usually for people, who are learning workload in the beginning it is always good to go for console and use your different services from chip in an easier way, but as I said you can always use the come online for example, if I would just go ahead and type G cloud create in stances.
Unknown Speaker: For example, if I just go ahead and type gcloud create instances, and that will directly take me to the cloud console documentation which shows you different options which you can use to work with instances. So, I could do a gcloud compute instances create, and then I can give my instance name and so on, and I'll show you some examples of that. So, you could be using your cloud console, right? That is your cloud shell, and you can straight away start working from the command line.
Speaker Change #227: And that will directly take me to cloud console documentation, which shows you the different options, which you can use to work with instances. So I could do a G cloud compute instances create and then I could give my instance name and so on and I'll show you. Some examples on that so you can be using your cloud console right.
Unknown Speaker: However, I would suggest using the console in the beginning, and when you are well experienced, then you can start using cloud shell to do things from the command line. When you are fully experienced, you can always switch back, and certain things are usually useful or easier when done from the command line, and some are easier when done from the console, and you can use any one of these options. Now, we can go to the Google cloud console. Now, as of now, I can close this one.
Speaker Change #227: That is your cloud shell and you can straight away to start working from home online. However, I would suggest using console in the beginning and when Youre well Expedients. Then you can start using cloud shell to do things from come online and when you're fully experienced you can always switch and certain things are usually useful are easier.
Speaker Change #227: Dunn from come online and some are easier when you do it from the console and you can use any one of these options now we can go to Google cloud console now as of now I can close this one I still have my cloud shall open if I would want to look at it I can click on this one and I can straight away go to compute engine.
Unknown Speaker: I still have my cloud shell open. If I want to look into it, I can click on this one, and I can straightaway go to compute engine, where I would want to work on creating some instances on the Google cloud platform using the compute engine service and then basically connecting to those instances and basically trying out some basic things. So, you can click on VM instances, and then once this comes up, you can always create some instances.
Speaker Change #227: I would want to work on creating some instances on Google cloud platform using the compute engine service and then basically connecting to those incentives and basically trying out some basic tanks. So you can click on VM in census, and then once this comes up I can always.
Speaker Change #227: Create some instances now as you see here I have some instances already created right and I can come to you are working on those I can create new instances I can use different options, while creating instances and I'll show you that in demo in quick seconds. So let's have a quick demo on setting up <unk>.
Unknown Speaker: Now, if you see here, I have some instances already created, right, and I can continue working on those. I can create new instances. I can use different options while creating instances, and I'll show you that in a quick demo. So let's have a quick demo on setting up GCP instances. Now, before that, let's have a quick recap.
Speaker Change #227: B instances now before that let's have a quick recap. So when you talk about instance, or a virtual machine. It is hosted on Google's infrastructure and you can create your Google Cloud instance, using the Google cloud console that is by clicking on this and then.
Unknown Speaker: So when you talk about an instance or a virtual machine, it is hosted on Google's infrastructure, right? And you can create your Google Cloud instance using this Google Cloud console, that is, by clicking on this and then going to Compute Engine and clicking on VM instances. Now you can also do that from Google Cloud's command-line tool, Cloud Shell, and you can do that using the Compute Engine API. So Compute Engine instances can run the public images for Linux or Windows servers that Google provides. You also have the option of creating or using custom images that you can create and import from your existing systems. You can deploy Docker containers, which are automatically launched on instance running containers, optimized OS.
Unknown Speaker: Now when you talk about instances and projects, always remember that each instance belongs to a Google Cloud console project, and a project can have one or more instances. When you talk about instances and storage options, each instance has a small boot persistent disk, which I will show you on further screens, that contains the OS. You can add more storage space if needed. And when you talk about instances and networks, a project can have up to five VPC networks. So VPC network is virtual private networks, wherein you can have virtual private cloud networks, where you can have your resources within your own subnet.
Unknown Speaker: And each instance belongs to one VPC network. Now, instances on the same network can communicate with each other through the local area network protocol. An instance uses the Internet to communicate within any machine, so that could be virtual, physical, or outside its own network. When you talk about instances and containers, you should remember that Compute Engine instances support a declarative method for launching your application using containers.
Unknown Speaker: Now, you can create a VM instance or a VM instance template. You can provide a Docker image and launch the configuration. So there are different ways in which you can create these instances, and once you create these instances, you can, say, for example, you're creating a Linux instance; you can associate SSH keys with your Google account or your G Suite account and then manage your admin and non-admin access to the instance using IAM roles. If you connect to your instance using G Cloud or SSH from the console, which we will see later, Cloud Engine can generate SSH keys for you and apply them to your Google Cloud or G Suite account.
Unknown Speaker: Now, what we can do is we can see how we can create our Google Cloud instances from your console or from the command line. Let's have a look at creating instances using the GCP console. Now that we have learned the basics of Google Cloud Platform, what are the different services, what are the different domains, basically looking at your Google Cloud console or even Cloud Shell, let's go ahead and create some VM instances.
Speaker Change #227: Going to compute engine and clicking on VM instances no. You can also do that from Google Cloud come online tool that is cloud shell and you can be doing that using compute engine API. So computer engine instances can run the public images for Linux or Windows server.
Speaker Change #227: That Google provides you also have the option of creating or using custom images that you can create an import from your existing systems. You can deploy docker containers, which are automatically launched on instance, semi containers optimized voice now when you're talking about instances and projects always.
Speaker Change #227: Remember that in each instance belongs to way Google Cloud console project and a project can have one or more instances.
Speaker Change #227: When you talk about the instances in storage options. Each instance has a small boat, but assistant disc, which I will show you in the screens that contains the orange you can add more storage space if needed.
Speaker Change #227: And when you talk about any instances of network a project can have up to five <unk> network <unk> network is what you'll private networks wherein you can watch all private cloud networks, where you can have your resources within your own sub Nick and each instance belongs to one.
Speaker Change #227: We see network now instances in same network can communicate with each other through local area network protocol and Insulins use internet to communicate within any machine, so that could be watchful physical or outside its own network. When you talk about incentives and containers you should.
Speaker Change #227: Remember that compute engine instances support declarative methods for launching your application using containers now you can create a VM instance, auto women since template you can provide a darker image and launched a configuration.
Speaker Change #227: So there are different ways in which you can create these instances and once you create these instances you can say for example, you are creating a Linux instance, you can associate SSH keys with your Google account audio G suite account and then manage your admin non had been accessed or the instance, using I am.
Speaker Change #227: Rolls if you connect all your instance, using G cloud audacious edge from console, which you will see later compute engine can generate SSH keys for you and I apply that to your Google cloud or G. Suite account now what we can do is we can see how we can create your Google cloud instances.
Speaker Change #227: Strong your console or from the come online, let's have a look in creating instances using GCB console now that we have learned on some basics of Google cloud platform. What are the different services what are different domains basically looking at your Google cloud.
Speaker Change #227: Console or even cloud shell, let's go ahead and create some VM instances now that's from your compute engine service and let strike connecting to these instances and see how this works. Let's also see what are the different options, which are available when you would want to create a virtual machine instances here. So.
Unknown Speaker: Now that's from your Compute Engine service, and let's try connecting to these instances and see how this works. Let's also see what the different options are when you would want to create virtual machine instances here. So when you click on your dropdown from the top left and choose Compute Engine, it brings you to this page. So I can show that again.
Speaker Change #227: When you click on your dropdown from the top left and chose compute engine. So it brings you to this page. So I can show that again. So you can click on compute engine click on VM instances and that basically brings you to this speech.
Unknown Speaker: So you can click on Compute Engine, click on VM instances, and that basically brings you to this page. Now, this tells you Compute Engine lets you use virtual machines that run on Google's infrastructure, so you can create micro VMs or large instances running different distributions of Linux or Windows using standard images, that is, public images, and you can also have your own image. So let's create a VM instance by clicking on Create. Now that's basically helping me to create an instance here. So it shows me the instance name so I can give it something. So, let me say C1.
Speaker Change #227: It tells you compute engine lets you use virtual machines that run on Google's infrastructure. So we can create micro vms or large instances running different distributions of Linux or windows using standard images that is public images and you can also have your own image. So let's create a M <unk>.
Speaker Change #227: <unk> by clicking on create now that's basically helping me to create an instance here. So it shows me. The instance name I can give it something so let me see a C. One now I can add labels. So what does label. It basically allows you to organize your project at arbitrarily labels as key value pairs to euro.
Unknown Speaker: Now I can add labels. So what is a label? It basically allows you to organize your project, add arbitrary labels as key value pairs to your resources, so this is basically categorizing your labels and projects if you have multiple projects. Now remember, if you have your cloud console and if you have created your free trial account, it will allow you to do these things. If not, you may have to go back to the billing section and see if the billing is enabled, which also means that when you are creating your Google Cloud account, it will ask you to key in your credit card details, but they do not charge anything, or they might charge $1 or 1 rupee, depending on your location.
Speaker Change #227: It also does so this was basically categorizing your labels and project. If you have multiple projects now remember if you have your cloud console and if Youre created your free trial account. It will allow you to do these things if not you may have to go back to the billing section and see the billing has enabled which also means.
Speaker Change #227: That when youre, creating at Google Cloud account. It will ask you to keep your credit card details, but they do not judge anything or they might charge might be $1. One rupee, depending on your location and that's also refunded, but that's just to verify your card no. Once I've given the name I can choose a region.
Unknown Speaker: And that's also refunded, but that's just to verify your card. Now, once I've given the name, I can choose a region. So I would basically choose Europe.
Unknown Speaker: Since I'm in Europe, I would be clicking on Europe West 3. And here I can choose an availability zone. Availability zones are basically to make your services or instances or any other resources highly available. So you can choose one of the availability zones. Now I would choose, say, West 3.
Speaker Change #227: So I would basically chose Europe since I'm in Europe, I wouldn't be clicking on Europe, where history and here I can choose an availability zone availability zone is basically to make your services or in census, or any of the resources highly available. So you can choose one of the availability zones now.
Unknown Speaker: Now this one, we can scroll down, and here it says machine configurations. You have general purpose machines. You have memory optimized machines, which are the M1 series.
Speaker Change #227: I would choose Seamus III now this one begins called down and he added sales machine configurations. You have general purpose machines, you have memory optimized machines, which is M. One cities and you can always go back to the Google Cloud page and see what a particular kind of machines specializes in so I would click on general purpose.
Unknown Speaker: And you can always go back to the Google Cloud page and see what a particular kind of machine specializes in. So I would click on general purpose. And in general purpose, you have different categories. So you have N1, which is powered by the Intel Skylake CPU platform, or you have E2, which is CPU platform selection based on availability. So let's have N1 selected.
Speaker Change #227: And in general, but because you have different categories. So you have and one which is powered by Intel Skylake CBO platform. While you have <unk>, which is CPU platform selected selection based on availability. So let's have one selected now this one shows me the machine type and if you are using your free theory.
Unknown Speaker: Now this one shows me the machine type. And if you are using your free tier account, then you can start with connecting to a micro machine, which is one virtual CPU core. Or you can go for a G1 small, which is one virtual CPU core and 1.7 GB RAM.
And then you can start with collecting a micro machine, which is one virtual GPU code you can go for a G. When small which is one virtual GPU Gordon 70, Vietnam Youre going to even go up to a high end machine and then you can basically see if youre using a free account how many of these machines you can use.
Unknown Speaker: You can even go up to a high-end machine. And then you can basically see, if you're using a free account, how many of these machines you can use. If I were selecting eight virtual CPU cores and 32 GB of memory, then it would allow me to create at least two instances with this configuration. We will use N1 standard, which is one virtual CPU core and 3.75 GB of memory.
Speaker Change #227: If I would be selecting eight virtual GPU cores and 32 gigabyte of memory and then it would allow me to create at least two instances bite. This configuration, we will use in one standard which is one what til GPU code three born 75 GB memory. Now then we can also deploy a container.
Unknown Speaker: Now, we can also deploy a container image to this VM instance. If you're interested in deploying a container image, let's not get into that right now. Here, it shows you the boot disk, and it shows you DBN, GNU 9, Linux 9. What I would do is I can go for this distribution, or I can choose a Linux distribution of my choice.
Speaker Change #227: Image to this VM instance, if you would be interested in deploying a container demand so let's not get into that right now shared it shows you the board desk and it shows your <unk> nine the next nine what I will do is I can go for this distribution all I can choose a Linux distribution of my choice. So here you have for <unk>.
Unknown Speaker: So here you have public images, you have custom images, and you also have snapshots if you have created backups of your previous images. Here, I can choose, for example, Ubuntu. And then I can choose a particular version. So let's go for Ubuntu 18.04. You can go for the latest one also; 18.04 would be good enough.
Speaker Change #227: Blake images you ask custom images you also have snapshots. If you have created backup of your previous images here I can choose for example, when do and then I can choose a particular, Washington, So let's go forward to 18 point or four youre going to go for the latest one also it didn't whine Zillow, Florida would you put enough.
Unknown Speaker: And here it tells me what a boot disk is. So you have SSDs, or you have standard persistent disks. Now SSDs are a little expensive in comparison to your standard persistent disks or your SDDs, but they are faster.
Speaker Change #227: And here. It tells me what does the board desk. So youll have ssds are standard persistent desk now ssds are literally expensive in comparison to your standard persistent Saudi arrays, Dd's, but then ssds and fostered so as of now begin to standard persistent desk as it is and we can let.
Unknown Speaker: So as of now, we can choose the standard persistent disk as it is, and we can let the gigabyte be 10. Now, depending on your requirement, you can increase this. You can even add disks later; that's not a problem. Click on Select. Now, I have access scopes. So here, I will say allow default access. You can also set access for each API, or you can give full access to all cloud APIs.
Speaker Change #227: They'll gigabyte B 10, now depending on your requirement you can increase this you can even add disc later, that's not a problem click on select now here I have axa scopes. So here I will say Hello default axis you can also shed access for each API.
Unknown Speaker: So that, based on your requirement, you can change it later also. We will also say allow HTTP traffic, and we can also choose allow HTTPS traffic. That basically allows me to access this machine or services which are HTTP-based accessible from this machine. Now, I can just click on Create. However, it would be good to basically enable connectivity to this machine. Now, we can do that in different ways.
Speaker Change #227: All you can give full access to all cloud Apis so that based on the requirement you again anytime change later also we would also say allow STB traffic and we can also choose L. O S. T D. B S traffic that basically allows me to access this machine our services, which are actually rebased accessible from this machine.
Speaker Change #227: Now I can just click on create however, it would be good to basically enable connectivity to this machine now we can do that in different ways. One is when you bring up your machine. It will have an extra such access which you can login from the cloud platform kit itself or what you can do is you can create a private and public.
Unknown Speaker: One is when you bring up your machine, it will have an SSH access which you can log in from the cloud platform here itself, or what you can do is you can create a private and a public key using some software like PuTTY or PuTTYgen. So, for example, if you do not have that on your machine, you can download it; you can just type in download PuTTY. That takes you to the PuTTY.org page, and here you can click on Download PuTTY and scroll down, which shows you that for your 64-bit machine, which I have in my case, you can download PuTTY.exe, which is basically your SSH and telnet client to connect to your machines.
Speaker Change #227: Key using some software like <unk> or <unk> Gen. So for example, if you do not have that on your machine you can download you can just I had been download that takes you to the $40 odd page and here you can click on download.
Speaker Change #227: And scroll down which shows you 40 or 64 bit machine Mitch I have in my case, you can download <unk> Dot EXE, which is basically you had a SSH and lead clients to connect to your machines. You can also use <unk> Gen, which will be allowing you to create a private and public key which I have done in <unk>.
Unknown Speaker: You can also use PuTTYgen, which will allow you to create a private and a public key, which I have done in my case. Let me show you how. So what you can do is you can go to PuTTYgen to begin with, and here you can click on Generate. Now, then, to have this key generated, just move your cursor over to the top here in the empty space, and that creates your key. You can give it a name. So, for example, let's give it a username. I would give it to HDU.
Unknown Speaker: Now I can give a password for this one. So, let me give you a simple password, and what I can also do is I can copy this public key from here, and for my later usage, I can just keep it in my Notepad file, which I can use later, and I'll show you when. So now we can save this private key, and this will basically allow me to save my private key. I can choose desktop, and I can give it a name. So let's say new key, new key, and that will be saved in a.ppk file.
Speaker Change #227: Case, let me show you how so what you can do is you can go to put PJM to begin with and here you can click on generate now then to have the ski generated just move your cuts us on the top here in the empty space and that creates your key you can give it a name. So for example, let's give a user.
Speaker Change #227: Name I would give HD you know I can give a password for this one so let me give a simple password.
Unknown Speaker: So let's save it, and that's done. So we also have our public key, and we have saved our private key. Now we know that when you want to connect using SSH, you need your private key to the client, and the public key also has to be existing. So let's take this public key.
And what I can also do is I can copy this public key from Shea and four of my later usage I can just keep it in my notes that file.
Speaker Change #227: Can use later and I'll show you in <unk>.
Speaker Change #227: So now we can save this private key and this will basically allow me to save my private key EGEN jaws desktop and I can give it a name so let's say new key new key and that will be getting shaped in a dark PPG file so lets save it and that's done. So we also have our publicly.
Speaker Change #227: And we have saved that play with <unk> now we know that when you would want to connect using SSH, you'll need your priorities to the client and public G. Also has to be existing so let's take this public key so let's do a control a I'm going to copy this and I'm going to come back to my Google Cloud console and here you can click on.
Unknown Speaker: So let's do a control A. I'm going to copy this, and I'm going to come back to my Google Cloud console, and here you can click on security. So you can click on the security tab here, scroll down, and just give you a public key. Once you give that, it resolves and shows you the name, and this is good enough so that I can use my SSH client to connect to this machine.
Speaker Change #227: Security. So you can click on the security tab here scroll down and just give you a public key once you give that it resolves and shows you. The name and this is good enough so that I get and use my answer such clients to connect to this machine I can click on create and this will basically create my BM.
Unknown Speaker: I can click on create, and this will basically create my VM instance. It will take some time, and then your instance will have an internal IP address which will show up here, an external IP address, and it will also show you options to connect to these machines. So this is my internal IP, and this is my external IP which I can use to connect from a client. I can easily connect from the option here which says SSH, and I can say open in a browser window.
Speaker Change #227: Instance, it will take some time and then you had in stance will have an internal IP, which will show up here external IP and it will also show you options to connect to these machines. So this is my internal a beach. This is my external IV, which I can use to connect from a client I can easily connect from Doe.
Unknown Speaker: I can even open this on a custom port. I can look at the gcloud command which you can give from cloud shell, or you can use another SSH. So let's first do an open in browser window and let's see if this connects.
Speaker Change #227: Options here, it says SSH and I can say opening new browser window I can even open there's any cause some port I can look at the G. Cloud command, which you can give some cloud shell or you can use another let's say so let's first do it open in browser window and let's see if disconnects. So we can.
Unknown Speaker: So we can easily connect to our instance, the Ubuntu 18 instance which I just set up here, easily in a couple of seconds. Now this is trying to establish a connection using your SSH keys, and when you do that, it also basically brings up this web browser, so I'm already connected. It shows my username, which is my cloud account username, and I have been connected to this machine here using SSH. It did not ask me for any password, and basically, now, I can just check what I have on my Linux file system right, and I can log in as root at any time by doing a sudo su.
Speaker Change #227: He is really going to go out instance.
Speaker Change #227: 18, instance, which I just set up here easily in a couple of seconds. This is trying to establish a connection using your SSH keys and when you do that it also basically brings up this web browser. So I'm already connected it shows my user name, which is my cloud account user name and.
Speaker Change #227: I have been connected to this machine here using SSL don't ask me for any password and basically now I can just check what do I have in my Linux file system right.
Unknown Speaker: For example, let's try installing a package, and I can say apt-get install vim, apt-get install wget, or apt-get install open ssh, and all these packages are already installed, so not an issue. Now I can start using this instance. I can just look at the disk. What is available? Okay, now we gave around 10 gigabytes, out of which we see 8.3 gigabytes here for the dev sda1 and then 1.8 gigabytes available, and you can continue using this machine.
Speaker Change #227: Anytime Loganair route by doing it pseudo issue for example, it straight installing it package and I can say app get installed them are apt get install W. Get an aggregate install open SSH and all these packages are already existing so not an issue now.
Speaker Change #227: Ken stock using this instance, I can just look at the desk what is available. Okay. Now we gave around 10 gigabyte out of which we see eight three gigabyte here for the <unk>, One and then 1.8 gigabyte available and you can continue using this machine. This was the easiest way of connecting to our VM instance.
Unknown Speaker: This was the easiest way of connecting to a VM instance using SSH. Now, what we can also do is, I can just leave this here, and I will now try to connect using an external SSH client, right, and here you can copy the public IP address, so when you want to connect to an instance, you will have to get the public IP address. Also remember that if you select and stop this machine, your billing counter will stop, and if you start it again, the internal IP will remain the same, but the external IP is the one which will change.
Using SSH now what we can also do is I can just leave this and I will now try to connect using an external SSH claimed.
Speaker Change #227: And here you can copy the public IP. So when you want to connect to an instance, you will have to get the public IP also remember that if you select and stop this machine, which will stop your billing counters and if you started a game the internal IP will remain same but the external IV is the one.
Unknown Speaker: I can obviously select this machine anytime, and I can do a cleanup, and I can delete it. I can start the machine if it is stopped, and I can even import the virtual machine to be used later.
Speaker Change #227: Which will change I can obviously select this machine anytime and I can only clean up and I can believe it.
Speaker Change #227: I can do is start of the machine. If it has stopped and I can even imposed the virtual machine to be used later. So there are different options, which you can always use. So this is my instance, and if you would want to look at the details click on this one C. One and that should basically Hello, you just look at the lead.
Unknown Speaker: So there are different options which you can always use, so this is my instance, and if you want to look at the details, click on this one c1, and that should basically allow you to look at the details, so it shows you what is the instance id, what is the machine type, is it reservation-specific, what is the cpu platform, what's the zone, and all the other details. At any point in time, if you Now, you can also look at the equivalent REST command to basically use the REST API to connect to this instance. For now, I have copied the public IP address, and I would want to connect to it using PuTTY. So let's go in here and give it a host name. So I can give you Ubuntu.
Speaker Change #227: So it shows you what does the instance, I D. What is the machine type is it reservation specific what does the CBO platform, what's the zone and all the other rebase.
Speaker Change #227: At any point of time, if you would want to edit you can always click on edit and you can change the details as you need now you can also look at the equal interest command to basically use the rest API to connect to the substance for now I have copied the public IP and I would want to connected using <unk>. So let's go in here.
Speaker Change #227: And let's give it the whole shlaim. So I can give a window I can give my IP address so that's in my session now I will click on SSH I would go into authentication I'll click on browse and this is where I need to choose the BP gave five. So this is the one which we created new key let's selected.
Unknown Speaker: I can give my IP address. So that's in my session. Now I will click on SSH. I will go into authentication.
Unknown Speaker: I'll click on browse, and this is where I need to choose the PPK file. So this is the one which we created, the new key. Let's select this, and then I can come back to the session. I can even save this, and I can call it my instance number one. Let's save it, and you can create any number of instances. So you can see I have created different instances here for my Google Cloud or Amazon related instances, and I can click on open. But it says the service host key is not cast in the registry. That's fine.
Speaker Change #227: Yes.
Speaker Change #227: And then I can come back to session I can even save this and I can call. It as my instance, one lets save it and you can create any number of incentives. So you see I have created different incentives here for my Google Cloud and Amazon related in sensors, and I believe you're going to open it says the service.
Unknown Speaker: Just click on yes, and basically, it says "no authentication method supported." Now this could be because we have not enabled your SSH access. So let's look at that. So now let's see if we were trying to connect using PuTTY. What was the issue here?
Speaker Change #227: Boesky's not cashed in the registry that's fine just click on yes.
Speaker Change #227: And basically it says no authentication method supported now this could be because we have not enabled U S. S. Jackson. So let's look at that so now let's see if we were trying to connect using <unk> what was the issue here. So if I go back to my.
Unknown Speaker: So if I go back to PuTTY, select my instance, load it, it says port 22. I'm giving the username, which is ubuntu, or sorry, that's the wrong username we gave, and that might be the reason we had set up the user as stu. So let's save this again, and now let's try connecting to this one, and it asks for my password, and you are able to connect. Right now, if there was any other issue related to network connectivity, then we could look at the rules, the inbound and outbound rules, which allow us to look into the machine.
Unknown Speaker: Now we are connected to our machine here using the htu user. I can log in as root, and I can continue working. So not only from the SSH within the cloud console, but you can use an external SSH client and connect to your machine. So this is your Ubuntu machine, and we can basically look at the space, and that basically confirms we are connecting to the same machine, which shows 8.3 gigabytes here and 1.8 gigabytes here, which we were seeing from the SSH in the browser.
Select My instance, loaded it transport 20 tool and giving the user name, which is wouldn't do oh, sorry, that's the wrong user, namely game and that might be the reason, we had set up the user as to you. So let's save this again and now let's try connecting to this one and it asks for Mike.
Speaker Change #227: Password and you are able to connect US right now if there was any other issue related to network connectivity. Then we could look at the rules the inbound and outbound rules, which allow us to look into the machine now we are connected to us machine here using H D. You use it.
Speaker Change #227: Logan is wrote and I can country working so not only from the SSH within the cloud console, but you can use an external it says its client and connect to your machine. So this is yoda window machine and we can basically look at the space and that basically confirms we are connecting to the same machine, which shows eight two years of age.
Unknown Speaker: Now let's close this and go back to our instance page. Now here you can always look at the network details, and this will show you your different kinds of rules, that is, ingress or egress rules, which basically allow you to connect to this machine from an external network or for this machine to connect to an external network. So here we have different firewall rules which show default allow HTTP, that's your ingress rule, and it tells you to apply it to all.
Speaker Change #227: And 1.8 gigabytes here, which we were seeing from the SSH in the browser now let's close this and let's go back to our instance speeds now here you can always look at the network be days and this will show you your different kind of rules that is ingress and egress rules, which basically allows to connected.
Unknown Speaker: It shows me what the IP ranges are where I can specifically give the IP of my machine. It shows the protocols, it shows what the different ports which you have used for these services, for example, RDP or SSH, which shows 22. You have ICMP, HTTP, and HTTPS. Now, anytime if you want to make a change to these rules, that can be done by going into your network details and saying, for example, you would want to work on firewall rules. So we have these firewall rules here.
Speaker Change #227: This machine from an external network or for this machine to connect to an external network. So here, we have different firewall rules, which shows default allo S. GDP that's your English at all.
Speaker Change #227: And it tells you apply to all it showed me what are the IP ranges, where I can't specifically give the idea of my machine. It shows the protocols. It shows what are the different boards that you have used for these services for example, RVP Odessa surge, which shows 22, you'll have icmp http and S. G. P S.
Speaker Change #227: Now anytime if you would want to make a change to these rules that can be done by going into your network details and save for example, you would want to work on firewall rules. So we have these.
Unknown Speaker: You can click on this one. So right now, we are looking into the network domain, and we are looking into the VPC network, right? And this shows me what the different rules we have.
Speaker Change #227: Firewall rules here you can click on this one so right now we are looking into the network domain and we're looking into EPC network right and this shows me what are the different roles. We have now if I would want to create a different firewall role for a different protocol.
Unknown Speaker: Now, if I want to create a different firewall rule for a different protocol, I can always click on create firewall rule. I can give it a name, okay? I can say what, if you want to turn on the firewall logs, you can basically say what kind of traffic it is. So ingress applies to incoming traffic, and egress applies to outgoing traffic. And you can then basically choose what are the IP ranges from where you want that connection to be coming in or going out. You can choose a particular protocol. You can give a protocol here with comma-separated values, and you can create a firewall rule.
Speaker Change #227: And always click on create firewall rule I can give it a name okay. I again say, what if you would want to turn all the firewall logs you can basically say what is the kind of traffic. So English applies to incoming traffic and egress applies to outgoing traffic and you can then basically choose one.
Speaker Change #227: The IP ranges from where you want that connection to be coming in at all going out you can choose a particular protocol you can give me a protocol here with commerce separated values and you can create a firewall rules. So this might be required depending on the services. Mitch you are learning married and you might have.
Unknown Speaker: So this might be required depending on the services which you are running, wherein you might want to enable your access to your machine from an external service or to an external service. So you can always go to Network Details. From here, you can then go into firewall rules, create a firewall rule, apply that to your instance, and restart your instance in its initial state. So, sometimes we might have installed certain things on our machine. We would want to clean them up.
Speaker Change #227: One to enable your access to your machine from an external service or to an external service. So you can always go to network details from ship. You can then go into firewall rules create a firewall rules apply that to your instance, and restart you had an instance, so as of now we don't need to create any niche.
Speaker Change #227: It will be dense here because my Ingersoll eagerness rules are already available right now I can basically then have my instance stopped and removed. So I can just with stop our census is running the ideal way would be to do is stop I could also do a reset and what does reschedule reshape does.
Speaker Change #227: Not basically lead the machine what it does is it does a cleanup of the machine and it brings it to the initial state. So sometimes we might have it installed certain things on a machine we would wanted to clean them up and at that time reset can be useful I can basically click on delete right and I can say like this.
Unknown Speaker: And at that time, a reset can be useful. I can basically click on delete, right? And I can select this, and I can do a cleanup. And this is good always when you're using a free trial account. Try to use different services, play around with them, and then you can clean up so that you do not waste your free billing credit, right? And you can use it for meaningful stuff.
Speaker Change #227: I can do a cleanup and this is good always when you're using a free trial account try to use different services play around with them and then you can clean up so that you do not waste your free billing credit right and you can use it for meaningful stuff now I have clicked on delete and within a few seconds my instead.
Unknown Speaker: Now, I have clicked on delete, and within a few seconds, my instance which I had created will be deleted. Also, to remember is that if you are creating multiple instances, then you can connect from one machine to another machine using SSH by using the private file. So, for that, we can learn in detail later.
Speaker Change #227: <unk>, which I had created will be deleted also to remember is if your trading multiple instances.
Speaker Change #227: Then you can connect from one machine to machine using SSH by using the private fight so for that we can learn in detail. Later. So this is just a simple example of using your compute engine, creating or instances connecting to it from an internal SSH or from an external.
Unknown Speaker: So, this is just a simple example of using your compute engine, creating your instances, connecting to them from an internal SSH or from an external SSH client such as PuTTY where you have already created your private and public keys. Now, I can click on the browser here, and then I can basically come out, and I can basically be looking into any particular service. So, we just looked into Compute Engine, right? You have different other options.
Speaker Change #227: So sage clients, such as <unk>, where you have already created your plywood and public guiche now I can click on the browser here and then I can basically come out and I can basically be looking into any particular service. So we just looked into.
Unknown Speaker: You have instance groups, you have instance templates. For example, let's click on instance templates here, and that basically shows you that you don't have any instance templates. And this basically simplifies things.
Speaker Change #227: Engine right you have different other options you have instance groups you have instance, templates for example, let's click on and since templates here and that basically shows you that you don't have any instance, template and this basically facilitate safe. For example, you were working as the admin and you would want to create an instance templates.
Unknown Speaker: Say, for example, you are working as an admin, and you would want to create an instance template so that, using that, you can describe a VM instance, and then you can basically use this template to create different instances. You can go for sole tenant nodes, you can look for machine images, you can also look at your disks, you can create a snapshot, and you can look at different options here. Now, let's come back here and click on home, and that should take you back to your home page, which basically shows you if a particular API which you have used recently is showing me in the graph here.
Speaker Change #227: So that using that you can describe a VM instance, and then you can basically use the assembly to create different instances you can go for salt tenant nodes. You can look for machine images. You can also look at your tests you can create a snapshots and you can look at different options here.
Speaker Change #227: Come back here and let's click on home and that should take you back to your homepage, which basically shows you. If a particular <unk> that you have used recent leave it shows me the graph here.
Unknown Speaker: So, I can go to the API's overview, right? And that basically shows me if there were any errors, if I was using the Compute Engine API to basically create a VM instance, and that's why we were seeing some spikes in the graph. So, this is a quick demo of using the Compute Engine service provided by Google Cloud, wherein you can create VM instances and use those VM instances for your application installation or for any other purpose.
Speaker Change #227: So I can go to the Epa's overview, right and that basically shows me if there were any errors if.
Speaker Change #227: I was using the compute engine API to basically create a VM instance, and that's why we were seeing some spike in the graph. So this is a quick demo of using your compute engine service provided by Google Cloud and you can create VM instances and use those VM and sensors for your applications.
Unknown Speaker: Now that we have seen how you use your cloud console to create an instance and also clean it up, let's also understand what you can do using your command line options and let's see what it takes or what the different commands which you can use to create your instance. Now, always, when you're creating an instance, you can use Compute Engine, which provision resources to start the instance. So, an instance basically has different states, which we can see when we are creating the instance. So, you basically start the instance, and it moves into staging that is prepared for your first boot. Finally, it boots up, and then it moves into running.
Unknown Speaker: So when you look at instance states, which we will create an instance of and see, it will basically have different states, such as provisioning, where resources are being allocated for instance, but the instance is not yet running. Then it goes into staging, where resources have been acquired, and the instance is being prepared for your first boot. Then the instance is booting up and running. And if you are stopping an instance, it goes into a stopped status, and it will be moved to the terminated option.
Unknown Speaker: You can also do an instance repair. And finally, you can terminate your instance or clean it up by stopping and then deleting it. Now, when you say stopping and resetting an instance, you can stop the instance, as I showed earlier, if you no longer need it. But if you need it for future use, you can just use the reset option, which will basically wipe the contents of the instance or any application state. And then, finally, you can stop it and have it terminated.
Speaker Change #227: Relation for any other purpose.
Speaker Change #227: Now that we have seen how you use your cloud control to create an instance, and also clean it up let's also understand how you can do using your come online options and let's see what it takes off what are the different command switch you can use to create your own instances.
Unknown Speaker: Now, when you would want to do that using your cloud console, we have seen the options. Now, let's also see from the command line tool how you can do it. So, here I have the cloud shell, which I brought up from here, and I basically opened it in a new window. The command line tool enables you to easily manage your Compute Engine resources in a friendlier format than using your Compute Engine API.
Unknown Speaker: Now, gcloud, which is part of cloud SDK, is the main command here, and then you can always autocomplete the different options here. So, when you want to create or work with gcloud, you can just type in gcloud here, and then, for example, I could just say help to see different options for gcloud, which will show me different options which you can use here. Now, we would be interested in compute instances, so I could also do a gcloud compute, compute instances, and then I can basically say create, and then I can do a help.
Unknown Speaker: Now that should show me different options which work with the gcloud compute instances create command, which is expecting an instance name. So your Google Cloud SDK, which we can set up on our Windows machine or even on your Linux machine, is a set of tools that helps you to manage resources and applications hosted on your GCP, that is your Google Cloud Platform.
Speaker Change #227: Now you can always win when Youre, creating an instance, you can use compute engine, which provisions resources to start. The instance, so instance, basically has different states, which began to see when we are creating the instance, so you basically start the instance, instead and smooth.
Speaker Change #227: <unk> into staging that is prepared for your first boat.
Speaker Change #227: Finally in boots up and then it moves into let me. So when you look at instant states, which we will create incentives and see it will basically have different states such as provisioning where resources are being allocated for instance, but instances not yet running then it goes into staging sources.
Speaker Change #227: Have been acquired and instances being prepared for your first bought them instance is booting up and running and if you are stopping an instance, it goes into being stopped status and it would be moved to the terminated option. You can also do is repairing of instance, and finally you can.
Speaker Change #227: Dominate your instance, or clean it up by stopping and then deleting it.
Speaker Change #227: No when you say stopping and resetting an instance, you can stop the instance, as I showed earlier, if you no longer need it but if you need for future use you can just use the reset option, which will basically why the 10 tenths of instance, or any application state and then finally, you can stop it and have it.
So minute now when you would want to do that using your cloud control or we have seen the options now lets also see from the command line tools, how we can do it. So here I have the cloud shell, which I brought up from here and I basically opened it in a new window. So come online tool enables you to easily.
Speaker Change #227: Manage your compute engender sources in a friendlier format than using your compute engine API now G cloud, which is part of cloud SDK is the main command here and then you can always autocomplete the different options here. So when you would want to grow.
Speaker Change #227: Our work on G. Cloud you can just type in G cloud here.
Speaker Change #227: And then for example, I could just say help to see different options of G cloud, which will show me different options, which you can use here now we would be interested in computers and sensors. So I could also do a G cloud compute.
Speaker Change #227: Compute instances and then I can basically say create and then I can do a health now that should show me different options, which work with G. Cloud compute instances create command, which is expecting any instance, Nate so you're called cloud SDK, which began setup.
On a windows machine or even on the analytics machine is set of tools that helps you to manage resources and applications hosted on your GCB that as your Google Cloud platform. Now here you have options such as G cloud, which I'm showing you right now you have <unk> and then you have <unk>.
Unknown Speaker: Now here you have options such as gcloud, which I'm showing you right now. You have gsutil, and then you have bq, so that can also be used. So you can set up a Google Cloud compute instance if you use gcloud. Now, what we can do is, if we are setting up our SDK on our Windows machine, then we would have to do a gcloud init, which basically initializes your configurations for gcloud.
Q. So that also can be used so you can set up a Google cloud compute if using G cloud.
Now what we can do is if we are setting up our SDK on our Windows machine. Then we would have to do a G cloud in it which basically initialize. This your configurations for G cloud.
Unknown Speaker: Now here we are using a cloud shell which was started from the console, and we don't have to basically give your gcloud init command because it's already initialized. Now you can always look at your default zone, you can look at your region, what is being used; all those things are coming from the metadata which is being used. So, for example, I could be looking at the metadata for my particular project by just doing a gcloud, and then I can say compute, and I would be interested in project info. So I can just do a project minus info.
Speaker Change #227: Now here, we are using our cloud shell, which was started from the console and we don't have to basically give your G cloud and it's come on because it solidly initialized no you can always look at your default zone. You can look at your region what is being used all those things are.
Speaker Change #227: Coming from the meta data rich.
Speaker Change #227: It is being used so for example, I could be looking at the metadata for my particular project by just doing a G cloud and then I can say come view.
Speaker Change #227: And I would be interested in project and four so I can just do a project minus info.
Unknown Speaker: And then I can do a description. And then I need my project ID, so I can say minus minus project. And I can get my project ID from here. So you can click on this one. And that's my project ID. And then I can click on this one.
Speaker Change #227: And then I can do it describe and then I need my project Ivy. So I can say minus minus project and I can get my project idea from here. So you can click on this one and that's my project IV. So I can click on this one.
Unknown Speaker: And here I can just do a right click. And if it does not paste, then you can do a Control V. And then I can try to look at my project info. So this basically will give me the metadata, which is by default set. And we can always look at what are the regions or what is the zone which has been set. So if it has been set, so I'm looking at my details, it is showing me my SSH keys, and then it can be using your default region and your default available zones. It also shows my username and other information.
And here I can just do it right click and if it does not face today and you can do we control.
Unknown Speaker: So this is basically to look at the metadata which is available. Now, at any point in time, I can basically say add metadata. I can basically choose the metadata option, and I can say my default region should be Europe, which I was choosing earlier. So I can just bring up this command again. And what I can do is I can say here where I have the gcloud compute project info as described earlier.
Speaker Change #227: And then I can try to look at my project didn't fall. So this basically fill give me the meta data, which is by default said and we can always look at what other regions are what is the zone, which has been set so if it has been said so I'm looking at my details. It is showing me my SSH keys.
Speaker Change #227: And then it can be using your default region and your default available Jones. It also shows my user name and other details. So this is basically to look at the metadata, which is available now or at any point of time I can basically say add metadata I can basically choose matter at our option.
Speaker Change #227: I can say my default region should be Europe, which I was choosing ugliest. So I can just bring up this come on again and what I can do is I can say here and I have G. Cloud compute project info when I did it described earlier now what I can also do is I can just say.
Speaker Change #227: Add metadata.
Speaker Change #227: And then I guess specify what does the metadata I would be interested in adding I can then say Google compute.
Unknown Speaker: Now, what I can also do is I can just say add metadata, and then I can specify what the metadata I would be interested in adding. I can then say Google Compute. Default region. And then I can basically give a region, for example, Europe, and then I can say West 3.
Speaker Change #227: Default.
Speaker Change #227: Region.
Speaker Change #227: And then I can basically give a region for example, Europe and then I can say west three.
Unknown Speaker: And if you are not very experienced, you can always do it from the console, or you can do it from here. So I'm giving Google Cloud Compute the Google Compute default region. Then I can also give a Google Compute default zone. And then I can pass in a value for the default zone. So I can say Europe, West 3.
Speaker Change #227: And if you are not well experienced you can always do it from console or you can be doing it from cheered. So I'm, giving you will cloud compute Google compute default region. Then I can also give a Google compute default zone.
Speaker Change #227: And then I can pass in a value for the fault zone. So I can say euro.
Unknown Speaker: And then basically, I can give an availability zone. So if it is basically giving me some error where I'm trying to pass in these values, I can just give it this way. And then it basically says that you can look into particular help to see what the command is, which you would have to do. Now, I can basically do a gcloud init here, which is the initial configuration. And this basically says that it is initializing my default configuration.
Speaker Change #227: T and then basically I can give you an availability zone. So if it is basically giving me some air where I'm trying to parse in these values. So I can just give it this way and then it basically says that if you can look into particular help to see what is the command.
Speaker Change #227: Which you would have to do now I can basically do a G cloud in it here initial configuration and this basically says that it is initializing my default configuration. It says it initialized this configuration from cloud shell.
Unknown Speaker: It says to re-initialize this configuration from Cloud Shell because you want to create a new configuration. So if I had updated my metadata, then basically, I could just do a cloud init, and I could be re-initializing my default configuration or properties, which I have passed in. So as of now, I will not activate or change the default region. Let's go for a simple way in which you can create your compute engine. So, for example, I'll just say.
You wanted to create a new configuration. So if I had to updated my mentor leader, then basically I could just with cloud in it and I could be Z initializing my default configuration, our properties, which I have Boston So as of now I will not activate art.
Speaker Change #227: <unk> a default region, let's go for a simple way in which you can create your compute engine. So for example.