Digital Maturity in Higher Ed Tied to Improvements in Students' Journey: Study - Build What's Next
Trend Analysis

Digital Maturity in Higher Ed Tied to Improvements in Students’ Journey: Study

5128

Of your peers have already read this article.

3:00 Minutes

The most insightful time you'll spend today!

BCG and Google's 2021 study on digital maturity in higher education reveals 'going all-in' on digital helps universities become more agile and efficient in delivering education. It meets students' preferences and fosters future disruptions.

Why Higher Ed Needs to Go All-in on Digital

In the wake of the COVID-19 pandemic, the majority of students within the 18-24-year-old demographic now expect hybrid learning environments–even once we are beyond the pandemic. And a vast number of adult learners are seeking options that accommodate their work and family lives now that it’s clear that effective learning can indeed occur virtually. Implementing cloud technologies and achieving digital maturity within higher education will enable institutions to be innovative and responsive to evolving student preferences, while being prepared for future disruptions.

Exhibit 1: BCG

The state of digital maturity

In February and March 2021, Boston Consulting Group (BCG), in partnership with Google, surveyed U.S. higher education leaders on their views of the state of digital maturity in the higher education sector. This survey found that institutional and technology leaders strongly agreed that moving legacy IT systems to the cloud, centralizing and integrating data, and increasing the use of advanced analytics is necessary to make a successful digital transformation, and ultimately achieve digital maturity.

But what is digital maturity? Digital maturity—a measure of an organization’s ability to create value through digital delivery—focuses on three areas of technological advancement that drive large-scale innovation:

  1. Using cloud infrastructure
  2. Expanding access to data
  3. Using that data to improve processes through advanced analytics, such as Artificial Intelligence and Machine Learning (AI/ML)

Although university leaders agree on prioritizing digital maturity, more than 55% said they considered their schools to be “digital performers” or “digital leaders.” However, only 25% of tech leaders at these universities stated that their schools regularly use data analytics. As with corporations and governments, higher education institutions face barriers to technological innovation, such as:

  • Competing priorities to meet step-change goals and decentralized decision making
  • Budget constraints
  • Cultural resistance to change
  • Tech staff skillset gaps

Still, leaders understand that the way to overcome institutional inertia is with a strong, goal-oriented vision of what is best for the institution overall. Although only a handful of schools have reached digital maturity as we define it, others can learn a great deal from their examples. Here are the top takeaways from higher education leaders who successfully transformed their institutions:

Digital solutions can improve the student journey in many ways

Exhibit 2: BCG

As digital capabilities hold the key to dealing effectively with declining enrollment and rising costs, higher ed leaders identified four goals that are critical to improving performance:

  1. Improve the student journey
  2. Increase operational efficiency
  3. Scale computing power in advanced research
  4. Innovate education delivery

The research found that technology investments can help enhance the student journey in the recruiting and retention of students, improving digital education delivery, government funding, and donations from alumni. Digital maturity can make institutions more agile and efficient in delivering education that aligns with the changing societal norms, evolving student preferences, and future disruptions. Survey participants shared that they plan to increase the use of the cloud by more than 50% over the next three years. By shifting legacy IT systems to the cloud, institutions can increase scalability, lower the cost of ownership, and improve operational agility, while offering a more secure, long-term data storage solution.

Cloud-native software-as-a-service (SaaS) solutions provide an excellent platform for centralizing data. However, institutions that attempt to “lift and shift” their legacy systems to the cloud may encounter challenges to achieving measurable improvements in data integration and cost reduction. Higher ed leaders must realize that centralizing data and transitioning to the cloud do not happen simultaneously.

Leaders who are able to articulate a strong vision and commitment will experience a more successful technology transformation. By linking their vision to specific needs, such as more effective recruiting, leaders will find their technology investments will have a more substantial return. University presidents should base their decisions about which systems to move, when, and how on desired performance outcomes.

Big visions become a reality with small steps. Small pilot projects are an excellent way to start the journey toward digital maturity. Small steps toward a significant transformation can reduce resistance to change, build positive momentum, and produce better student outcomes. Read the full report here. If you’d like to talk to a Google Cloud expert, get in touch

Blog

Customer Search Experience that Takes Advantage of Enterprise Edge Capabilities!

3424

Of your peers have already read this article.

4:00 Minutes

The most insightful time you'll spend today!

Search experience for customers to make more informed decisions by seeing the products up-close, with the help of AR models made available on edge network is the idea behind Fiat Chrysler Automobiles (FCA) and Google Cloud's golden handshake!

Every year at CES, people from around the world experience the latest and greatest that consumer tech has to offer. In 2021, CES will be in an all-digital format for the first time.

So how can a virtual show like CES create immersive experiences for attendees tuning in remotely? That’s an interesting challenge for the cloud, and of course, every challenge presents an opportunity.

Google Cloud and 5G help enterprises deliver new experiences


Earlier in 2020, we announced our enterprise telecommunications strategy to deliver workloads to the network edge on Google Cloud, and during our SearchOn event last October, we announced how cloud streaming technology can power augmented reality (AR) in consumer search results.

Now, we’re merging the best of both worlds: Technology built for consumer search can take advantage of our enterprise edge capabilities. In light of the COVID-19 pandemic, this past year accelerated our support for enhanced consumer experiences across the board in novel ways. For example, we attempted to address questions such as how potential buyers can make a purchasing decision when they can’t see the product up close. This question becomes even more critical when considering a large purchase such as a new car.

That’s exactly what Fiat Chrysler Automobiles (FCA) and Google Cloud are working together to solve. As part of FCA’s Virtual Showroom CES event, you can experience the new innovative 2021 Jeep Wrangler 4xe by scanning a QR code with your phone. You can then see an Augmented Reality (AR) model of the Wrangler right in front of you—conveniently in your own driveway or in any open space. Check out what the car looks like from any angle, in different colors, and even step inside to see the interior with incredible details.

“As we continue our journey towards becoming a customer-centric mobility company, FCA is adopting emerging technologies that enable us to accelerate and deliver at the speed of our customers’ expectations,” said Mamatha Chamarthi, Chief Information Officer, FCA – North America and Asia Pacific. “Through our collaborative partnership with Google, we are able to expand our efforts to provide an immersive customer experience.”

Harnessing the power of edge with 5G


In order to create a mixed-reality experience with a 3D car model, computer-aided design (CAD)-based data sources that represent a 3D vehicle with highly detailed geometry, depth, texture, and lighting were used. High-fidelity models, such as cars with full interiors, often mean large files (GBs in size). Traditionally, depending on your connection, this can result in long waiting times as assets are downloaded onto your phone. In addition, while mobile phones are more powerful than the Apollo Guidance Computer, they are no match for the power we have in the cloud. We still want to bring these high end experiences to everyone, regardless of their respective device or geographical location.

We solve this problem by rendering the model in Google Cloud, then streaming it to the devices.

Specifically, the Cloud AR tech uses a combination of edge computing and AR technology to offload the computing power needed to display large 3D files, rendered by Unreal Engine, and stream them down to AR-enabled devices using Google’s Scene Viewer. Using powerful rendering servers with gaming console grade GPUs, memory, and processors located geographically near the user, we’re able to deliver a powerful but low friction, low latency experience. This rendering hardware allows us to load models with tens of millions of triangles and textures up to 4k, allowing the content we serve to be orders of magnitude larger than what’s served on mobile devices (i.e., on-device rendered assets). Doing so leverages high-speed 5G connectivity and streams directly from Google Cloud’s distributed edge, delivering a rich, photorealist immersive experience. Customers like FCA benefit from Google’s years of investment and expertise in streaming technology (have you tried playing Cyberpunk2077 on Stadia yet?). With the expansion of 5G networks, not only will streaming enable the experience for anyone anywhere, but it will also cut the wait time of downloading large assets required for detailed AR/VR experiences, ultimately providing instant gratification.

Applications and experiences are at the core of a winning edge proposition


We’re working to make these capabilities available to all enterprise customers to enable innovative use cases such as leveraging AR to help design teams collaborate, technicians perform machine diagnostics, creating next-generation, live video experiences for sports events, enabling new customer experiences across many industries, and supporting our customers in their digital transformation. Stay tuned!

To see the Jeep Wrangler 4xe come to life whether you’re attending CES or not, scan the QR code below, or check out the FCA CES website. Depending on your OS, device, and network strength, you will see either a photorealistic, cloud-streamed AR model or an on-device 3D car model, both of which can then be placed in your physical environment.

Research Reports

Trading and Investment Companies will Increase Consumption of Cloud Services: Study Confirms

4881

Of your peers have already read this article.

3:00 Minutes

The most insightful time you'll spend today!

Google Cloud commissioned survey by Coalition Greenwich on capital markets found 5 noteworthy insights on drivers for cloud adoption - common use cases and type of tech used. Read further for an overview of cloud adoption trends across market data.

While some traditional financial services companies have more slowly transitioned to the cloud, capital markets firms have embraced cloud computing across their entire value chains — front-, middle-, and back-office. We wanted to understand the dynamics behind this rapid adoption, the most common use cases, and the types of technology most in use, particularly as it relates to market data. Google Cloud commissioned Coalition Greenwich to survey 102 institutional capital markets professionals — at exchanges, trading systems, data aggregators, data producers, asset managers, hedge funds, and investment banks — in the United States, Canada, France, Germany, Italy, the Netherlands, Switzerland, and the United Kingdom. 

Our research found that while there are many drivers, demand for easier accessibility is fueling widespread adoption of cloud-based market data services, and associated trading infrastructures, across the buy side and sell side. In fact, 68% of sell-side and buy-side users find it critical for market data providers to offer public cloud-based data services. At the same time, exchanges, market data providers, aggregators, and trading systems are embracing the cloud as a delivery model by offering access to data directly via their own cloud services, APIs or partners.

Here were five noteworthy takeaways from the study: 

1. Cloud services are becoming ubiquitous for data deliveryToday, the cloud is pervasive, with 93% of exchanges, trading systems and data providers offering cloud-based data and services, according to surveyed executives. Moreover, 100% of those surveyed intend to offer new cloud-based services, such as derived data, in the next 12 months.

Market Data Trends 1.jpg

2. Commercial and investment banks are offering additional connectivity, real-time data feeds, and trading applications delivered via the cloud,demonstrating that it’s not only exchanges, trading systems, and data providers that are moving rapidly to the cloud. Internal use cases abound as well, with 67% of those surveyed consuming cloud-deployed market data, primarily for data analytics. 88% of surveyed sell-side firms intend to consume cloud-based market data services, with digital transformation, data science and quant research as the top use cases.

market data trends 6

3. Buy side firms will consume even more cloud-deployed data. Today, 90% of surveyed buy-side firms are consuming cloud-deployed market data, mostly for portfolio management. 70% of buy-side firms intend to consume more public cloud-based market data services in the next 12 months, adding services such as compliance and regulatory reporting.

Market Data Trends 3.jpg

4. AI/ML, powered by cloud, is moving out of the pilot phase and into mainstream useToday, 50% of exchanges, trading systems, and data providers are offering data products or services powered by AI/ML, and of those, 42% intend to offer AI-powered trade execution and trading analytics services in the next 12 months. Within commercial and investment banks, 55% said they are currently using AI/ML in the cloud, and while that was true for only 14% of overall buy-side respondents, 44% of large buy-side respondents are using it.

Market Data Trends 4.jpg

5. Exchanges, trading systems, and data providers are prioritizing public cloud for internal insights71% of these firms are using the public cloud, mostly for data transmission, processing, analysis, and long-term data storage. Over the next 12 months, 33% of new public cloud workloads will focus on data mining, data insights and advanced analytics, while 28% of new AI/ML tooling and infrastructure investments will focus on faster analytics and risk reviews, and 27% on data quality maintenance.

Market Data Trends 5.jpg
https://storage.googleapis.com/gweb-cloudblog-publish/images/Market_Data_Trends_5.max-2800×2800.jpg

“We see new, dramatic shifts on the adoption of cloud across market data,” said David Easthope, Senior Analyst for Coalition Greenwich. “And we expect further proliferation of cloud-based services and greater consumption across the trading and investing lifecycle.”

Conclusions and future predictions

Based on the survey results, Coalition Greenwich predicts five following trends over the next 12 months:

  1. Exchanges and trading systems will continue to launch a wide array of new cloud-based and possibly cloud exclusive data services across derived data, end of day data, reference data and pricing data.
  2. Data providers will launch new data products such as pre-trade analytics powered by AI/ML in the cloud.
  3. Commercial and investment banks will offer additional connectivity, real-time data feeds, and trading applications delivered via the cloud.
  4. Buy-side firms will consume even more cloud-deployed data, including real-time market data, portfolio management data, and risk analytics.
  5. Exchanges, trading systems and data providers will explore proof-of-concepts around core systems on the cloud. Improvements to AI/ML tooling or infrastructure will ramp up as firms seek more rapid responses to risk initiatives.

To learn more about these findings, download our two full reports, The Future of market data: Distribution and consumption through cloud and AI and Exchanges and data providers: Prioritizing the cloud and AI for internal insights or our short infographic.


Research methodology

The survey was conducted online by Coalition Greenwich on behalf of Google Cloud from March 2021 to April 2021 among 102 executives in North America (n=82), EMEA (n=17) and other (n=3) who are employed full-time and who are participants or influencers in decisions around cloud and/or senior management with a role at a company which is an institutional asset manager, hedge fund, alternative investment manager, exchange and/or trading system, information provider, information aggregator, or other asset manager/asset owner. The survey included wide perspectives from a range of firm size and asset class focus, including equity, fixed income, FX, commodities, multi-asset, and other asset classes.


Foot Notes

1.  We defined market data as direct feeds, consolidated feeds, terminal and desktop products, security and reference data, pricing data, historical data, alternative data, and index data.

Whitepaper

Google Cloud: Lowering Migration Risks for Indian Firms

DOWNLOAD WHITEPAPER

1113

Of your peers have already downloaded this article

1:30 Minutes

The most insightful time you'll spend today!

A common perception is that migrating existing workloads to the public cloud—especially those with a lot of data—is complex, time consuming, and risky. But with the right planning, organizations can rapidly establish the right practices to accelerate migrations, lower risk, and succeed in the cloud.

Explainer

How Eventrac and Workflows Integration Helps Implement Hybrid Architecture in Google Cloud

6538

Of your peers have already read this article.

3:00 Minutes

The most insightful time you'll spend today!

How to implement a hybrid architecture that combines choreography and orchestration in Google Cloud? Eventarc and Workflows integration could be the answer. Here's a step-by-step guide to making that possible.

I previously talked about Eventarc for choreographed (event-driven) Cloud Run services and introduced Workflows for orchestrated services.

Eventarc and Workflows are very useful in strictly choreographed or orchestrated architectures. However, you sometimes need a hybrid architecture that combines choreography and orchestration. 

For example, imagine a use case where a message to a Pub/Sub topic triggers an automated infrastructure workflow or where a file upload to a Cloud Storage bucket triggers an image processing workflow. In these use cases, the trigger is an event but the actual work is done as an orchestrated workflow.

How do you implement these hybrid architectures in Google Cloud? The answer lies in Eventarc and Workflows integration. 

Eventarc triggers

To recap, an Eventarc trigger enables you to read events from Google Cloud sources via Audit Logs and custom sources via Pub/Sub and direct them to Cloud Run services:

triggers

One limitation of Eventarc is that it currently only supports Cloud Run as targets. This will change in the future with more supported event targets. It’d be nice to have a future Eventarc trigger to route events from different sources to Workflows directly. 

In absence of such a Workflows enabled trigger today, you need to do a little bit of work to connect Eventarc to Workflows. Specifically, you need to use a Cloud Run service as a proxy in the middle to execute the workflow. 

Let’s take a look at a couple of concrete examples.

Eventarc Pub/Sub + Workflows integration

In the first example, imagine you want a Pub/Sub message to trigger a workflow. 

Define and deploy a workflow

First, define a workflow that you want to execute. Here’s a sample workflows.yaml that simply decodes and logs the Pub/Sub message body:

  main:
  params: [args]
  steps:
    - init:
        assign:
          - headers: ${args.headers}
          - body: ${args.body}
...
    - pubSubMessageStep:
        call: sys.log
        args:
            text: ${"Decoded Pub/Sub message data is " + text.decode(base64.decode(args.body.message.data))}
            severity: INFO
Deploy the workflow with a single command:
gcloud workflows deploy ${WORKFLOW_NAME} --source=workflow.yaml --location=${REGION}

Deploy a Cloud Run service to execute the workflow

Next, you need a Cloud Run service to execute this workflow. Workflows has an execution API and client libraries that you can use for your favorite language. Here’s an example of the execution code from a Node app.js file. It simply passes the received HTTP request headers and body to the workflow and executes it:

  const execResponse = await client.createExecution({
      parent: client.workflowPath(GOOGLE_CLOUD_PROJECT, WORKFLOW_REGION, WORKFLOW_NAME),
      execution: {
        argument: JSON.stringify({headers: req.headers, body: req.body})
      }
    });

Deploy the Cloud Run service with the Workflows name and region passed as environment variables:

  gcloud run deploy ${SERVICE_NAME} \
  --image gcr.io/${PROJECT_ID}/${SERVICE_NAME} \
  --region=${REGION} \
  --allow-unauthenticated \
  --update-env-vars GOOGLE_CLOUD_PROJECT=${PROJECT_ID},WORKFLOW_REGION=${REGION},WORKFLOW_NAME=${WORKFLOW_NAME}

Connect a Pub/Sub topic to the Cloud Run service

With Cloud Run and Workflows connected, the next step is to connect a Pub/Sub topic to the Cloud Run service by creating an Eventarc Pub/Sub trigger:

  gcloud eventarc triggers create ${SERVICE_NAME} \
  --destination-run-service=${SERVICE_NAME} \
  --destination-run-region=${REGION} \
  --location=${REGION} \
  --event-filters="type=google.cloud.pubsub.topic.v1.messagePublished"

This creates a Pub/Sub topic under the covers that you can access with:

  export TOPIC_ID=$(basename $(gcloud eventarc triggers describe ${SERVICE_NAME} --format='value(transport.pubsub.topic)'))

Trigger the workflow

Now that all the wiring is done, you can trigger the workflow by simply sending a Pub/Sub message to the topic created by Eventarc:

gcloud pubsub topics publish ${TOPIC_ID} --message="Hello there"

In a few seconds, you should see the message in Workflows logs, confirming that the Pub/Sub message triggered the execution of the workflow:

logs

Eventarc Audit Log-Storage + Workflows integration

In the second example, imagine you want a file creation event in a Cloud Storage bucket to trigger a workflow. The steps are similar to the Pub/Sub example with a few differences.

Define and deploy a workflow

As an example, you can use this workflow.yaml that logs the bucket and file names:

  main:
  params: [args]
  steps:
...
    - log:
        call: sys.log
        args:
            text: ${"Workflows received event from bucket " + bucket + " for file " + file}
            severity: INFO

Deploy a Cloud Run service to execute the workflow

In the Cloud Run service, you read the CloudEvent from Eventarc and extract the bucket and file name in app.js using the CloudEvent SDK and the Google Event library:

  const cloudEvent = HTTP.toEvent({ headers: req.headers, body: req.body });
  //"protoPayload" : {"resourceName":"projects/_/buckets/events-atamel-images-input/objects/atamel.jpg}";
  const logEntryData = toLogEntryData(cloudEvent.data);
  const tokens = logEntryData.protoPayload.resourceName.split('/');
  const bucket = tokens[3]

Executing the workflow is similar to the Pub/Sub example, except you don’t pass in the whole HTTP request but rather just the bucket and file name to the workflow:

  const execResponse = await client.createExecution({
      parent: client.workflowPath(GOOGLE_CLOUD_PROJECT, WORKFLOW_REGION, WORKFLOW_NAME),
      execution: {
        argument: JSON.stringify({bucket: bucket, file: file})
      }
    });

Connect Cloud Storage events to the Cloud Run service

To connect Cloud Storage events to the Cloud Run service, create an Eventarc Audit Logs trigger with the service and method names for Cloud Storage:

  gcloud eventarc triggers create ${SERVICE_NAME} \
  --destination-run-service=${SERVICE_NAME} \
  --destination-run-region=${REGION} \
  --location=${REGION} \
  --event-filters="type=google.cloud.audit.log.v1.written" \
  --event-filters="serviceName=storage.googleapis.com" \
  --event-filters="methodName=storage.objects.create" \
  --service-account=${PROJECT_NUMBER}-compute@developer.gserviceaccount.com

Trigger the workflow

Finally, you can trigger the workflow by creating and uploading a file to the bucket:

  echo "Hello World" > random.txt
gsutil cp random.txt gs://${BUCKET}/random.txt

In a few seconds, you should see the workflow log the bucket and object name.

Conclusion

In this blog post, I showed you how to trigger a workflow with two different event types from Eventarc. It’s certainly possible to do the opposite, namely, trigger a Cloud Run service via Eventarc with a Pub/Sub message (see connector_publish_pubsub.workflows.yaml) from Workflows or a file upload to a bucket from Workflows. 
All the code mentioned in this blog post is in eventarc-workflows-integration. Feel free to reach out to me on Twitter @meteatamel for any questions or feedback.

Blog

Building a Stronger South Bend through Cloud Computing Education

3029

Of your peers have already read this article.

2:00 Minutes

The most insightful time you'll spend today!

As the world becomes increasingly digitized, the demand for skilled cloud computing professionals is only set to grow. In this post, we look at an initiative aimed at helping South Bend residents build cloud computing skills. Read more...

The city of South Bend, Indiana has announced they are working with Google Cloud to connect 500 local job seekers with no-cost access to Google Cloud Skills Boost through Upskill SB. This initiative will train, upskill, and certify residents in cloud computing skills to create pathways to technical jobs.

As companies, nonprofits, and governments increasingly leverage cloud computing technology to strengthen their organizations, skilled cloud talent is in high demand both nationally, in Indiana, and in South Bend. According to Lightcast, there were 27,180 unique cloud roles open in the U.S. as of October 2022. Cloud skills are the most in-demand skill set by IT departments: more than one-third of tech learners said professionals with cloud skills are the most challenging to find.

“This partnership with Google Cloud will help residents get on a no-cost path to a cloud computing career at a time when the field is rapidly growing,” said Caleb Bauer, Executive Director of Community Investment for the City of South Bend. “This will help residents prepare to take the next step in their career with Google Cloud Skills Boost and will pave the way to build in-demand skills.”

Google Cloud Skills Boost is the destination for all Google Cloud learning and training opportunities. Local colleges and universities are also able to offer free access to Google Cloud Skills Boost for students through  the Google Cloud Higher Education program. Students can request access to free online labs, quests, and courses. Faculty can take advantage of free Google Cloud Computing Foundations curriculum and coach their students to prepare for Google Cloud certifications.

“Google is proud to offer no-cost access to Google Cloud Skills Boost for jobseekers in South Bend,” said Alice Kamens, Workforce Development lead at Google Cloud. “Through this partnership, we’re advancing our work to ensure everyone has access to the technical training needed to pursue cloud computing careers.”

Those interested in learning more about the program or applying for Upskill SB should visit the Google Cloud page on Upskill SB. Scholarship recipients need access to a computer, hand-held device or smartphone and the internet.

More Relevant Stories for Your Company

Explainer

Accelerate Your Digital Transformation Through a Modern Infrastructure

Learn about the latest advancements to Google Cloud Platform’s unique infrastructure to accelerate enterprise workloads and build planet scalable solutions. Hear how Google Cloud’s infrastructure enables you to solve problems faster, more securely, and at greater scale. See how Google Cloud is accelerating the support for enterprise workloads like SAP,

Blog

Autonom8: Achieving growth and profits for businesses with Google Cloud

With Google Cloud, Autonom8 can run a platform that accelerates and streamlines customer journeys in a scalable, reliable, cost-effective infrastructure, while using advanced optical character recognition to enable intelligent document processing. Google Cloud results: Increased margins by up to 30% by switching from a home-grown OCR system to Cloud Vision

Explainer

How does Google Pick its Data Center ?

Google is well known for its sustainable tech and hardware initiatives. Did you know alongside its environmental friendly designs of its data centers, it takes into account various factors such as redundant power supplies, data replication, network connectivity, etc. Watch the video to learn more.

Blog

Serverless for Startups, the Best Way to Succeed: Expert Says

As Google Cloud has become a choice for more startups, I’ve experienced an increase in founders asking how they should think about cloud services. Though each startup is different and requirements may vary across industries and regions, I’ve seen a few core best practices that help startups to succeed—as well as several

SHOW MORE STORIES