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Signal Generation in the Investment Management Industry
Machine learning is seeing a lot of use cases in the financial sector. One of them is leverage AI to sift signal from noise and create insights or predictions that can give financial planners an edge.
In this video, David Li, Head of Advanced Analytics, BlackRock and Colman Madden, Customer Engineer, Google Cloud, present on how BlackRock leverages NLP on Google Cloud to search for signals in the investment management industry.
“We analyze large volumes of textual news via NLP to classify text into sentiment scores as well as other metrics such as news volume and emotions in these articles,” says David Li.
He also discusses some of the challenges they faced, and the solutions they found, and why they selected Google Cloud to run this project.
Dataflow Guarantees 50+% Increase in Developer Productivity and Infrastructure Cost Savings: Read More

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In our conversations with technology leaders about data-driven transformation using Google Data Cloud – industry’s leading unified data and AI solution – , one important topic is incorporating continuous intelligence to move from answering questions such as “What has happened? to questions like “What is happening?” and “What might happen?”. The core to this evolution is the need for an underlying data processing that not only provides powerful real-time capabilities for events happening close to origination, but also brings together existing data sources under one unified data platform to enable organizations to draw insights and take actions holistically. Dataflow, Google’s cloud-native data processing and streaming analytics platform, is a key component of any modern data and AI architecture and data transformation journey, along with BigQuery, Google’s internet-scale warehouse with built-in streaming, BI engine and ML; Pub/Sub, a global no-ops event delivery service; and Looker, a modern BI and embedded analytics platform. One of the key evaluation factors is potential economic value of Dataflow to their organization, particularly in the context of engaging other stakeholders is key for many of the leaders that we engage with. So we commissioned Forrester Consulting to conduct a comprehensive study on the impact that Dataflow had on their organization by interviewing actual customers .
Today we’re excited to share our commissioned study conducted by Forrester Consulting, the Total Economic Impact™ of Google Cloud Dataflow, which allows data leaders to understand and quantify the benefits of Dataflow, and use cases it enables. Forrester conducted interviews with Dataflow customers to evaluate the benefits, costs, and risks of investing in Dataflow across an organization. Based on their interviews, Forrester identified major financial benefits across four different areas: business growth, infrastructure cost savings, data engineer productivity, and administration efficiency. In fact, Forrester found that customers adopting Dataflow can achieve a 55% boost in developer productivity and a 50% reduction in infrastructure costs. In fact, Forrester projects that customers adopting Dataflow can achieve a range of up to 171% Return on Investment (ROI) and a less than six months payback period. Customers can now use figures in the report to compute their own Return on Investment (ROI) and payback period.

“Dataflow is integral to accelerating time-to-market, decreasing time-to-production, reducing time to figure out how to use data for use cases, focusing time on value-add tasks, streamlining ingestion, and reducing total cost of ownership.” – Lead technical architect, CPG
Let’s take a deeper look at the ways that Forrester found that Dataflow can help you achieve your goals and unlock your business potential.
Benefit #1: Increase data engineer productivity by 55%
Developers can choose among a variety of programming languages to define and execute data workflows. Dataflow also seamlessly integrates with other Google Cloud Platform and open source technologies to maximize value and applicability to a wide variety of use cases. Dataflow streamlined workflows with code reusability,dynamic templates, and the simplicity of a managed service. Engineers trusted pipelines to run correctly and adhere to governance. Data engineers avoided laborious issue-monitoring and remediation tasks that were common in the legacy environments such as poor performance, lack of availability, and failed jobs. Teams valued the language flexibility and open source base.
“Dataflow provided us with ETL replacement that opened limitless potential use cases and enabled us to do smarter data enhancement while data remains in motion.” — Director of data projects, financial services
Benefit #2: Reduce infrastructure costs by up-to 50% for batch and streaming workloads
Dataflow’s serverless autoscaling and discrete control of job needs, scheduling, and regions eliminated overhead and optimized technology spending. Consolidating global data processing solutions to Dataflow further eliminated excess costs while ensuring performance, resilience, and governance across environments. Dataflow’s unified streaming and batch data platform gives organizations the flexibility to define either workload in the same programming model, run it on the same infrastructure, and manage it from a single operational management tool.
“Our costs with our cloud data platform using Dataflow are just a fraction of the costs we faced before. Now we only pay for cloud infrastructure consumption because the open source base helps us avoid licensing costs. We spend about $120,000 per year with Dataflow, but we’d be spending millions with our old technologies.” – Lead technical architect, CPG
Benefit #3: Increase top-line revenue by improving customer experience and retention with payback time of < 6 months
Streaming analytics is an essential capability in today’s digital world to gain real-time actionable insights. Likewise, organizations must also have flexible, high- performance batch environments to analyze historical data for building machine learning models, business intelligence, and advanced analytics. Dataflow enabled real-time streaming use cases, improved data enrichment, encouraged data exploration,improved performance and resiliency, reduced errors, increased trust, and eliminated barriers to scale. As a result, organizations provided customers with more accurate, relevant, and in-the-moment data-backed services and insights — boosting customer experience, creating new revenue streams, and improving acquisition, retention, and enrichment.
“It’s already been proven that we are getting more business [with Dataflow] because we can turn around results faster for customers.” – VP of technology, financial services technology
“When we provide data to our customers and partners with Dataflow, we are much more confident in those numbers and can provide accurate data within a minute. Our customers and partners have taken note and commented on this. It’s reduced complaints and prevented churn.” – Senior software engineer, media
Other benefits
Eliminated administrative overhead and toil
As a cloud-native managed service, all administration tasks such as provisioning, scaling, and updates are automatically handled by Google Cloud. Teams no longer need to manage servers and related software for legacy data processing solutions. Admins also streamlined processes for setting up data sources, adding pipelines, and enforcing governance.
Saved business operations costs for support teams and data end users
Dataflow improved the speed, quality, reliability, and ease of access to data for insights for general business users, saving time and empowering users to drive better data-backed outcomes. It also reduced support inquiry volume while automating manual job creation.
What’s next?
Download the Forrester Total Economic Impact study today to dive deep into the economic impact Dataflow can deliver your organization. We would love to partner with you to explore the potential Dataflow can unlock in your teams. Please reach out to our sales team to start a conversation about your data transformation with Google Cloud.
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Contact Center AI: The State of the Union
Did you know 31% of CIOs say that they have already deployed conversational AI platforms? And that this represents a 50% year on year growth?
Much of this is driven by customer preferences. By 2023, customers will prefer speech interfaces to initiate self-service activities. Additionally, by 2023, 40 percent of contact center interactions will be fully automated by AI.
Here are the facts: The latest advances in voice AI are opening the door to a massive transformation of customer experiences. The revolution driven by Contact Center AI (CCAI) is here today and you can benefit from it quickly.
Hear about the state of the Google CCAI offering through real-life customer stories.
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How Marketers Can Turn Information into Action with Machine Learning
The biggest challenge marketers face with machine learning is, “how to get starter”? Instead of getting overwhelmed, they should focus on the applied machine learning by using the algorithms that are already built.
Cassie Kozyrkov, the chief decision scientist with Google Cloud, says that marketers who are overwhelmed by everything they’re hearing about machine learning should focus on key ingredients, not building an entire kitchen.
10 Reasons that Make Google Cloud the Champion of IaaS

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When you choose to run your business on Google Cloud you benefit from the same planet-scale infrastructure that powers Google’s products such as Maps, YouTube, and Workspace.
We have picked 10 ways in which Google Cloud Infrastructure services outshine alternatives in the market in how they simplify your operations, save money, and secure your data.
1. Custom Machine Types means no wasted resources
Compute Engine offers predefined machine types that you can use when you create a VM instance. A predefined machine type has a preset number of vCPUs and a preset amount of memory; each type is billed at a set price as described on the Compute Engine pricing page.
If predefined machine types don’t meet your needs, you can create a VM instance with a custom number of vCPUs and custom amount of memory, effectively building a custom machine type. Custom machine types are available only for general-purpose machine families. When you create a custom machine type, you are deploying a custom machine type from the E2, N2, N2D, or N1 machine family on GCP. No other leading cloud vendor offers custom machine types so extensively.
Custom machine types are a good idea for workloads that aren’t a good fit for the predefined machine types and for workloads that require more processing power or memory but don’t need all of the upgrades provided by the next machine type level. This translates into lower operating costs. They are also useful for controlling software licensing costs that are based on the number of underlying compute cores.
Jeremy Lloyd, Infrastructure and Application Modernization Lead at Appsbroker, a Google partner:
“Custom machine types coupled with Google’s StratoZone data center discovery tool provides Appsbroker with the flexibility we need to provide cost efficient virtual machines matched to a virtual machine’s actual utilization. As a result, we are able to keep our customers’ operating costs low while still providing the ability to scale as needed.”
2. Compute Engine Virtual Machines are optimized for scale-out workloads
For scale-out workloads, T2D, the first instance type in the Tau VM family, is based on 3rd Gen AMD EPYC processors and leapfrogs VMs for scale-out workloads of any leading public cloud provider today, both in terms of performance and price-performance. Tau VMs offer 56% higher absolute performance and 42% higher price-performance compared to general-purpose VMs from any leading public cloud vendor (source). The x86 compatibility provided by these AMD EPYC processor-based VMs gives you market-leading performance improvements and cost savings, without having to port your applications to a new processor architecture. Sign up here if you are interested in trying out T2D instances in Preview.
For SAP HANA, Google Cloud has demonstrated with SAP how we can run the world’s largest scale-out HANA system in the public cloud (96TB). With such innovation, you are covered as your business grows exponentially.
3. Largest single node GPU-enabled VM
Google is the only public cloud provider to offer up to 16 NVIDIA A100 GPUs in a single VM, making it possible to train very large AI models. Users can start with one NVIDIA A100 GPU and scale to 16 GPUs without configuring multiple VMs for single-node ML training, without crossing the VM layer.
Additionally, customers can choose smaller GPU configurations—1, 2, 4 and 8 GPUs per VM—providing the flexibility to scale their workload as needed.
The A2 VM family was designed to meet today’s most demanding applications—workloads like CUDA-enabled machine learning (ML) training and inference, for example. This family is built on the A100 GPU which offers up to 20x the compute performance compared to the previous generation GPU and comes with 40 GB of high-performance HBM2 GPU memory. To speed up multi-GPU workloads, the A2 VMs use NVIDIA’s HGX A100 systems to offer high-speed NVLink GPU-to-GPU bandwidth that delivers up to 600 GB/s. A2 VMs come with up to 96 Intel Cascade Lake vCPUs, optional Local SSD for workloads requiring faster data feeds into the GPUs and up to 100 Gbps of networking. A2 VMs provide full vNUMA transparency into the architecture of underlying GPU server platforms, enabling advanced performance tuning. Google Cloud offers these GPUs globally.
4. Non-disruptive maintenance means you worry less about planned downtime
Compute Engine offers live migration (non-disruptive maintenance) to keep your virtual machine instances running even when a host system event, such as a software or hardware update, occurs. Google’s Compute Engine live migrates your running instances to another host in the same zone without requiring your VMs to be rebooted. Live migration enables Google to perform maintenance that is integral to keeping infrastructure protected and reliable without interrupting any of your VMs. When a VM is scheduled to be live-migrated, Google provides a notification to the guest that a migration is imminent.
Live migration keeps your instances running during:
- Regular infrastructure maintenance and upgrades
- Network and power grid maintenance in the data centers
- Failed hardware such as memory, CPU, network interface cards, disks, power, and so on. This is done on a best-effort basis; if a hardware component fails completely or otherwise prevents live migration, the VM crashes and restarts automatically and a hostError is logged.
- Host OS and BIOS upgrades
- Security-related updates
- System configuration changes, including changing the size of the host root partition, for storage of the host image and packages
Live migration does not change any attributes or properties of the VM itself. The live migration process transfers a running VM from one host machine to another host machine within the same zone. All VM properties and attributes remain unchanged, including internal and external IP addresses, instance metadata, block storage data and volumes, OS and application state, network settings, network connections, and so on. This has the benefit of reducing operational and maintenance overhead, helps you build a more robust security posture where infrastructure can be consciously revamped from a known good state and minimizes risks for advanced persistent threats.
Refer to Lessons learned from a year of using live migration in production on Google Cloud from the Google engineering team.
5. Trusted Computing: Shielded VMs guard you against advanced, persistent attacks
Establishing trust in your environment is multifaceted, involving hardware and firmware, as well as host and guest operating systems. Unfortunately, threats like boot malware or firmware rootkits can stay undetected for a long time, and an infected virtual machine can continue to boot in a compromised state even after you’ve installed legitimate software.
Shielded VMs can help you protect your system from attack vectors like:
- Malicious guest OS firmware, including malicious UEFI extensions
- Boot and kernel vulnerabilities in the guest OS
- Malicious insiders within your organization
To guard against these kinds of advanced persistent attacks, Shielded VMs use:
- Unified Extensible Firmware Interface (UEFI) BIOS: Helps ensure that firmware is signed and verified
- Secure and Measured Boot: Helps ensure that a VM boots an expected, healthy kernel
- Virtual Trusted Platform Module (vTPM): Establishes root-of-trust, underpins Measured Boot, and prevents exfiltration of vTPM-sealed secrets
- Integrity Monitoring: Provides tamper-evident logging, integrated with Stackdriver, to help you quickly identify and remediate changes to a known integrity state
The Google approach allows customers to deploy Shielded VMs with only a simple click, thereby easing implementation.
6. Confidential Computing encrypts data while in use
Google Cloud was a founding member of the Confidential Computing Consortium. Along with encryption of data in transit and at rest using customer-managed encryption keys (CMEK) and customer-supplied encryption keys (CSEK), Confidential VM adds a “third pillar” to the end-to-end encryption story by encrypting data while in use. Confidential Computing uses processor-based technology that allows data to be encrypted in use while it is being processed in the public cloud. Confidential VM allows you to to encrypt memory in use on a Google Compute Engine VM by checking a single checkbox.
All Confidential VMs support the previously mentioned Shielded VM features under the covers—you can think of Shielded VM as helping to address VM integrity, while Confidential VM addresses the memory encryption aspect which relies on CPU features. With the confidential execution environments provided by Confidential VM and AMD Secure Encrypted Virtualization (SEV), Google Cloud keeps customers’ sensitive code and other data encrypted in memory during processing. Google does not have access to the encryption keys. In addition, Confidential VM can help alleviate concerns about risk related to either dependency on Google infrastructure or Google insiders’ access to customer data in the clear.
See what Google Cloud partners say about Confidential Computing here.
7. Advanced networking delivers full-stack networking and security services with fast, consistent, and scalable performance
Google Cloud’s network delivers low latency, reduces operational costs and ensures business continuity, enabling organizations to seamlessly scale up or down in any region to meet business needs. Our planet-scale network uses advanced software-defined networking and security with edge caching services to deliver fast, consistent, and scalable performance. With 28 regions, 85 zones, and 146 PoPs connected by 16 subsea fiber cables around the world, Google Cloud’s network offers a full stack of layer 1 to layer 7 services for enterprises to run their workloads anywhere. Enterprises can be assured that they have best-in-class networking and security services connecting their VMs, containers, and bare metal resources in hybrid and multi-cloud environments with simplicity, visibility, and control.
Google Cloud’s network has protected customers from one of the world’s largest DDoS attacks at 2.54 Tbps. With our multi-layer security architecture and products such as Cloud Armor, our customers ran their business with no disruptions. Furthermore, our recent integration of Cloud Armor with reCAPTCHA Enterprise adds best-in-class bot and fraud management to prevent volumetric attacks. Cloud Armor is deployed with our Cloud Load Balancer and Cloud CDN, extending the secure benefits at the network edge for traffic coming into Google Cloud so customers have security, performance, and reliability all built in. Furthermore, we are excited to offer Cloud IDS in preview, which was co-developed with security industry leader, Palo Alto Networks, to run natively in Google Cloud.
Our advanced networking capabilities also extends to GKE and Anthos networking. With the GKE Gateway controller, customers can manage internal and external HTTPS load balancing for a GKE cluster or a fleet of GKE clusters with multi-tenancy while maintaining centralized admin policy and control. Unlike other Kubernetes offerings, we offer eBPF dataplane which brings powerful tooling such as Kubernetes network policy and logging to GKE. eBPF is known to kernel engineers as a “superpower” for its unique architecture to load and unload modules in kernel space, and now this capability is built in with Google Cloud networking.
For observability and monitoring, our customers deploy Network Intelligence Center, Google Cloud’s comprehensive network monitoring, verification and optimization platform. With four key modules in Network Intelligence Center, and several more to come, we are working towards realizing our vision of proactive network operations that can predict and heal network failures, driven by AI/ML recommendations and remediation. Network Intelligence Center provides unmatched visibility into your network in the cloud along with proactive network verification. Centralized monitoring cuts down troubleshooting time and effort, increases network security and improves the overall user experience.
8. Regional Persistent Disk for High Availability
Regional Persistent Disk is a storage option that provides synchronous replication of data between two zones in a region. Regional Persistent Disks can be a great building block if you need to ensure high availability of your critical applications as they offer cost-effective durable storage and replication of data between two zones in the same region.
Regional Persistent Disks are also easy to set up within the Google Cloud Console. If you are designing robust systems or high availability services on Compute Engine, Regional Persistent Disks combined with other best practices such as backing up your data using snapshots enable you to build an infrastructure that is highly available and recoverable in a disaster. Regional Persistent Disks are also designed to work with regional managed instance groups. In the unlikely event of a zonal outage, Regional Persistent Disks allow continued I/O through failover of your workloads to another zone. Regional Persistent Disks can help meet zero RPO and near-zero RTO requirements and other stringent SLAs that your critical applications might require by maximizing application availability and protection of data during events such as host/VM failures and zonal outages.
9. Cloud Storage’s single namespace for dual-region and multi-region means managing regional replication is incredibly simple
Similar to how Persistent Disk makes data more available by replicating data across zones, Cloud Storage provides similar benefits for object storage. Cloud Storage within a region is cross-zone by definition, reducing the risk that a zonal outage would take down your application. Cloud Storage adds to this by also providing a cross-region option that can protect against a regional outage and gets your data closer to distributed users. This comes in the form of Dual-region or Multi-region settings for a bucket. These are the simplest to implement cross-region replication offerings in the industry—just a simple button or API call to enable them. In addition to being simple to implement, they offer an added advantage of using a single bucket name that spans regions.
This is unique in the industry. Competitive offerings currently require setting up and managing two distinct buckets, one in each region and they don’t offer the strong consistency properties Cloud Storage offers across regions. Operations and app development are burdened by this design. Google’s single namespace approach dramatically simplifies application development (the app runs on single region or dual/multi-region without any changes), and provides simpler application restarts and testing for DR.
10. Predictive autoscaling
Customers use predictive autoscaling to improve response times for applications with long initialization times or for applications with workloads that vary predictably with daily or weekly cycles. When you enable predictive autoscaling, Compute Engine forecasts future load based on your Managed Instance Group’s history and scales out the MIG’s in advance of predicted load, so that new instances are ready to serve when the load arrives. Without predictive autoscaling, an autoscaler can only scale a group reactively, based on observed changes in load in real time.
With predictive autoscaling enabled, the autoscaler works with real-time data as well as with historical data to cover both the current and forecasted load. Forecasts are refreshed every few minutes (faster than competing clouds) and consider daily and weekly seasonality, leading to more accurate forecasts of load patterns.
For more information, see How predictive autoscaling works and Checking if predictive autoscaling is suitable for your workload.
These are just a few examples of customer-centric innovation that set Google Cloud infrastructure apart. Bring your applications and let the platform work for you.
Get started by learning about your options for migration, or talk to our sales team to join the thousands of customers who have embarked upon this journey.
Acknowledgement
Special thanks to Dheeraj Konidena (Google) for contributing to this article.
IBL Education’s GenAI-based chat mentor with Google

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With more than 6 years of experience in building open source and Generative AI in education at scale, ibleducation.com continues to evolve its approach and services. More recently, the company became an education-focused Vertex AI integrator. They provide enterprises and academic institutions with a platform to build, train and securely customize large language models (LLMs) for interactive mentors using Google’s Vertex AI.
“The education industry only recently began understanding the value of Generative AI with open source and the opportunities it presents,” says Miguel Amigot II, Chief Technology Officer at ibleducation.com. “We’re providing the chance to build a new type of learning, mentoring, and analytics platform that gives organizations total control over their training methods, data, and more, without locking into one vendor.”
Organizations large and small, including Fortune 500 companies and leading universities institutions, use ibleducation.com to support their learners, allow educators to develop coursework, and provide engineers with a solid platform to build on.rely on it to power their learning strategies.
Recently, ibleducation.com chose to partner with Google Cloud to improve its platform and scale beyond its base of millions of users.
Harnessing the power of GenAI in education and training
ibleducation.com initially began working with Google Cloud to unify its education data strategy to drive real-time and predictive analytics.
“Google Cloud outperforms others when it comes to maintaining control over algorithms and general data governance,” says Amigot. “We’re fortunate to be able to maintain ownership of our models while maintaining a pay-per-use pricing model. This is critical for our business. It allows our clients to avoid lower-value maintenance tasks, focus on innovation and user experience, and not worry about excessive costs.”
In the past, because of the high costs and need for AI and engineering talent to produce large language models, schools have been unable to take full advantage of open-source education technologies. Together, ibleducation.com and Google Cloud democratize access to AI-enabled tools for educators worldwide.
With a strong analytics and AI foundation, ibleducation.com has been able to personalize, translate, and create education content faster than before. This has been especially effective in improving accessibility, as automated translation and repurposing ensures those with visual and hearing impairments can interact with the content.
“Google Cloud enables us to reduce the total cost of building, running, and maintaining large language models by more than 70%,” says Amigot. “We’ve seen language model hosting costs decrease before, but nothing like this.”
Bringing AI-powered content creation to educators
Vertex AI has been especially useful in creating content, helping ibleducation.com to dramatically scale out its learning materials. Usage-based pricing mixed with an open-source model gives ibleducation.com the resources to support its users in developing evolving, valuable learning experiences to serve people worldwide.
Additionally, Google Cloud powers ibleducation.com’s Generative AI-based mentors, which provides a one-to-one learning experience to students and professionals looking for tailored skills development.
“The mission is to provide educators with a centralized system wherein they can manage everything from indexing data about customer courses to designing and facilitating UI/UX for users’ digital mentors,” says Amigot. “Google Cloud has helped us cover all of these bases.”
ibleducation.com allows users to create virtual mentors that provide personalized teaching, assess student knowledge, guide students through skills and learning paths, and offer robust learning analytics. Text-to-text and speech-to-speech interfaces can be offered over Slack, Discord, text message-based bots, web scripts, and LTI integrations.
“AI Mentor has been a very effective tool for our users because it adapts to the needs of educators and organizations very quickly,” says Amigot. “We’re seeing people use it for teaching assistance, marketing and administration, and a lot more. Vertex AI allows us to have many models for any variety of purposes.”
Looking forward, ibleducation.com is looking to continue taking personalized learning to new heights.
“From a mission standpoint, we want to expand to reach all the organizations not currently served by online education through our platform, analytics, and other AI-powered services,” says Amigot. “Our relationship with Google Cloud is instrumental in achieving our goal to democratize access to next-generation educational capabilities to more communities and organizations around the globe.”
Ready to take the next step? Join our upcoming GenAI workshop for higher education to learn how Google’s AI tools can help education institutions or explore our EdTech solutions to see how you can make education more personal, safe, and accessible with 100+ cutting-edge products.
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