Enterprise agility and the ability to innovate, adapt and respond quickly to the ever-changing risk and regulatory landscape is no longer a choice, but the cornerstone of successful digital transformation and commercial growth. Traditional access to and ways of managing data invariably create challenges in dealing with multiple data repositories, reconciliations, fire-drills, etc.

In response, the move to cloud is increasing significantly. It enables risk analytics and regulatory reporting at scale in a secure environment with data storage, management and encryption capabilities as a standard. In addition, as regulatory reporting requirements become more granular, machine learning can help facilitate new insights and allow for risk management to become more embedded into operational processes.

This webinar will address the day-to-day challenges in risk management and regulatory compliance, while also exploring how technological innovations can provide massive improvements and potential.

Key themes

• Real-life data challenges in the eyes of risk managers: can compliance, fraud detection and identifying liquidity positions be improved through the use of AI?
• Innovative approaches to streamline regulatory reporting to derive deeper customer insights from data at the moment of truth.
• Reimagining operations: how to modernise the data infrastructure to accommodate data explosion, drive flexibility and deliver a more cost effective outcome.

With SAP Sapphire kicking off today in Orlando, we’re looking forward to seeing our customers and discussing how they can make core processes more efficient and improve how they serve their customers.

One thing is certain to be top of mind – the global supply chain challenges facing the world today. It’s affecting every business across every industry, from common household items that once filled store shelves and are now on backorder, to essential goods and services like food and medical treatments, which are at risk. Even cloud-native companies are making changes to ensure they have the insights, equipment, and other assets they need to continue serving customers.

We are proud to work with SAP on many initiatives that are driving results for our customers and helping them run more intelligent and sustainable companies. I’d like to highlight three of these important initiatives and how they are helping address global supply chain challenges.

Enabling more efficient migrations of critical workloads

We know a key barrier to entry in the cloud is the ability to easily migrate from on-premises environments. Our cloud provides a safe path to help companies including Johnson Controls, PayPal, and Kaeser Compressor to digitize and solve large, complex business problems, reduce costs, scale without cycles of investment, and gain access to key services and capabilities that can unlock value and enable growth.

Singapore-based shipping company Ocean Network Express (ONE) has become more agile by running their mission-critical SAP workloads on Google Cloud and using our data analytics to improve operational efficiency and make faster decisions. They have gone from an on-premises data warehouse solution that would take a full day loading data from SAP S/4HANA, to using our BigQuery solution that delivers business insights in minutes.

Since The Home Depot moved its critical SAP workloads to Google Cloud, the company has been able to shorten the time it takes to prepare a supply chain use case from 8 hours to 5 minutes by using BigQuery to analyze large volumes of internal and external data. This helps improve forecast accuracy and more effectively replenish inventory by being able to create a new plan when circumstances change unexpectedly with demand or a supplier.

Accelerating cloud benefits through RISE and LiveMigration

At Google Cloud, we have dedicated programs to help migrate SAP and other mission-critical workloads to our cloud with our Cloud Acceleration Program for SAP.

For SAP customers moving to Google Cloud, we provide LiveMigration to provide superior uptime and business continuity. LiveMigration eliminates downtime required for planned infrastructure maintenance. This means that your SAP system continues running even when Google Cloud is performing planned infrastructure maintenance upgrades thus ensuring superior business continuity for your mission critical workloads.

We are also proud to be a strategic partner with the RISE with SAP program, which helps accelerate cloud migration for SAP’s global customer base while minimizing risks along the migration journey. This program provides solutions and expertise from SAP and technology ecosystem partners to help companies transform through process consulting, workload migration services, cloud infrastructure, and ongoing training and support. To secure your mission critical workloads, SAP and Google Cloud can provide a 99.9% uptime SLA as part of the RISE with SAP program.

Many large manufacturers have taken advantage of RISE with SAP to forge a secure, proven path to our cloud, including Energizer Holdings Inc., a leading manufacturer and distributor of primary batteries, portable lights, and auto care products. Energizer has turned to RISE with SAP on Google Cloud to power its move to SAP S/4HANA. The company wants to automate essential business processes, improve customer service, and boost innovation. It had been using a private cloud solution but needed to gain flexibility while better containing costs.

“SAP S/4HANA for central finance will help us automate essential business processes, improve customer service, and fuel innovation that grows our company’s leadership position globally. We selected RISE with SAP to begin our journey to SAP S/4HANA and maintain the freedom and flexibility to move at our own pace,” said Energizer Chief Information Officer Dan McCarthy.

Another example is global automotive distributor Inchcape, which moved its mission-critical sales, marketing, finance, and operations systems and data to Google Cloud. With its diverse data sets now in a single, secure cloud platform, Inchcape is applying Google Cloud AI and ML capabilities to manage and analyze its data, automate operations, and ultimately transform the car ownership experience for millions.

“Google Cloud’s close relationship with SAP and its strong technical expertise in this space were a big pull for us,” said Mark Dearnley, Chief Digital Officer at Inchcape. “Ultimately, we wanted a headache-free RISE with SAP implementation and to unlock value for auto makers and consumers in all our regions, while continuing to have the choice and flexibility to modernize our 150-year old business in a way that works for us.”

A new intelligence layer for all SAP Google Cloud customers

When moving mission-critical workloads to the cloud, companies not only need to migrate safely, they also need to quickly realize value, which we enable with Google Cloud Cortex Framework — a layer of intelligence that integrates with SAP Business Technology Platform (SAP BTP). Google Cloud Cortex Framework provides reference architectures, deployment accelerators, and integration services for analytics scenarios.

Like many large e-commerce companies, Mercado Libre experienced skyrocketing transactions that more than doubled in 2020 as people sheltered at home during the pandemic, and they are anticipating more growth. The Google Cloud Cortex Framework is enabling Mercado Libre to respond, run more efficiently, and make faster, data-driven decisions.

Continued partnership to support organizations around the world

Our longstanding partnership with SAP continues to yield exciting innovations for our customers, and we’re honored to work with them to help customers address the ongoing impact of global supply chain challenges. We’re looking forward to sharing new insights and innovations at SAP Sapphire this week, and to listening and learning from you about your plans and challenges, and how we can best support your transformation to the cloud.

Google Cloud is proud to support our customers with the cleanest cloud in the industry. For the past four years, we’ve matched 100% of our electricity use with renewable energy purchases, and we were the first company of our size to commit going even further by running on carbon-free energy 24/7 by 2030.  As we work to achieve 24/7 carbon-free energy, we help you take immediate action to decarbonize your digital applications and infrastructure. We’re also working with our customers across every industry to develop new solutions for the unique climate change challenges that organizations face. Today, we’re excited to expand our portfolio of carbon-free solutions and announce new partnerships that will help every company build a more sustainable future. 

First, we’re launching Carbon Footprint, a new product that provides customers with the gross carbon emissions associated with their Google Cloud Platform usage. Now available to every GCP user for free in the Cloud Console, this tool helps you measure, track and report on the gross carbon emissions associated with the electricity of your cloud usage. Of course, the net operational emissions associated with your Google Cloud usage is still zero. With growing requirements for Environmental Social and Governance (ESG) reporting, companies are looking for ways to show their employees, boards and customers their progress against climate targets. Using Carbon Footprint, you have access to the gross energy related emissions data you need for internal carbon inventories and external carbon disclosures, with one click. 

Built in collaboration with customers like Atos, Etsy, HSBC, L’Oréal, Salesforce, Thoughtworks and Twitter, our Carbon Footprint reporting introduces a new standard of transparency to support you in meeting your climate goals. You can monitor your gross cloud emissions over time, by project, by product and by region, giving IT teams and developers metrics that can help them reduce their carbon footprint. Our detailed calculation methodology is published so that auditors and reporting teams can verify that their cloud emissions data meets GHG Protocol guidance.

“The power of knowledge combined with the power of technology innovation plays a vital role in proactively responding to the climate crisis we are facing. With Google Carbon Footprint reporting, Atos feeds emissions data in our Decarbonization Data Platform, demonstrating potential emissions reductions from the Google Cloud Platform to our customers. This reporting opens up new levels of emissions transparency, trajectory planning, and data insight to support our customers in meeting, and potentially accelerating towards, their climate goals.”—Nourdine Bihmane, Head of Decarbonization Business Line, Atos

“The capability to measure and understand the environmental footprint of our Public Cloud usage is among the key axis of our sustainable tech roadmap. With Google Cloud Carbon Footprint, we are now able to directly follow the impact of our sustainable infrastructure approach and architecture principles.”—Hervé DUMAS, Sustainability IT Director, L’Oreal

While digital infrastructure emissions are just one part of your environmental footprint, accurately accounting for IT carbon emissions is necessary to measure progress against the carbon reduction targets required to avert the worst consequences of climate change. To help you account for emissions beyond our cloud and across your organization, we’re excited to partner with Salesforce Sustainability Cloud, integrating our Google Cloud Platform emissions data into their carbon accounting platform. 

“As we face unprecedented climate challenges, companies across the globe need to embed sustainability into the core of their business in order to meet growing customer and stakeholder expectations, and reduce their environmental impact. Together, Google Cloud and Salesforce Sustainability Cloud can help our joint customers accelerate their path to Net Zero, leveraging data-driven insights and visualizations to track and reduce their carbon emissions to drive sustainable change.”—Ari Alexander, GM of Salesforce Sustainability Cloud. 

From information to action

With the gross energy-related emissions footprint of data associated with your Google Cloud usage now available, we’re committed to providing tools to not only measure your carbon footprint, but help you reduce it. We recently launched low-carbon region icons to help you choose cleaner regions to locate your Google Cloud resources. New users who see the icons are over 50% more likely to choose clean regions over others, ensuring their applications emit less carbon over time. 

For current Google Cloud users, we’re pleased to announce that Active Assist Recommender will include a new sustainability impact category, extending its original core pillars of cost, performance, security, and manageability. Starting with the Unattended Project Recommender, you’ll soon be able to estimate the gross carbon emissions you’ll save by removing your idle resources. Unattended Project Recommender uses machine learning to identify, with a high degree of confidence, projects that are likely abandoned based on API and networking activity, billing, usage of cloud services, and other signals, and provides actionable recommendations on how to remediate those abandoned projects. By deleting these projects, not only can you reduce costs and mitigate security risks, but you can also reduce your carbon emissions. In August, Active Assist analyzed the aggregate data from all customers across our platform, and over 600,000 gross kgCo2e was associated with projects that it recommended for cleanup or reclamation. If customers deleted these projects they would significantly reduce future gross carbon emissions. Check out this blog to learn more about Active Assist.

Solutions for climate resilience 

Many of our customers face difficult questions about how their business impacts the natural environment today, and how it will be affected by climate change in the future. Answering these questions requires rich datasets about the planet, better analytics tools and smarter models to predict potential outcomes. For over a decade Google Earth Engine has supported scientists and developers with hyperscale computing power and the world’s largest catalog of satellite image data. Today, we are delighted to announce the preview of Earth Engine as part of Google Cloud Platform. Now, you can access Earth Engine and combine it with other geospatial-enabled products like BigQuery. By extending Earth Engine’s powerful platform to enterprises through Google Cloud, we are bringing the best of Google together. 

Over the past year we’ve worked with a number of organizations to use Earth Engine technology with tools like BigQuery and the Cloud AI Platform to develop new solutions for responsible commodity sourcing, sustainable land management and carbon emissions reduction. Earth Engine enables companies to track, monitor and predict changes in the Earth’s surface due to extreme weather events or human-caused activities, thus  helping them save on operational costs, mitigate and better manage risks, and become more resilient to climate change threats. This new offering will wrap the unique data, insights and functionality of Earth Engine with a fully-managed, enterprise-grade experience and reliability.

As we work with our customers to accelerate their sustainability initiatives, earth observation data is proving critical to effectively plan for the long-term impacts of climate change. To extend our geospatial and sustainability use cases we’re also expanding our partnerships with CARTO, Climate Engine, Geotab, NGIS, and Planet to bring their data and core applications to Google Cloud.

These partners will each make their existing platforms and datasets available globally on Google Cloud, giving you low-latency and reliable access to critical data and applications that will inform your sustainability initiatives. By integrating water availability, agricultural data, weather risks, and extensive daily satellite imagery into Earth Engine and BigQuery, you can achieve more ambitious goals for the sustainability of your business and our planet.

Committing to help you meet your climate goals

With each of these tools, we’re working to reduce the barriers you face in adopting more sustainable technology practices. We understand that building more sustainable applications and infrastructure is not easy. You face competing priorities, technical challenges, and the perception that climate action is costly. 

It doesn’t have to be this way. Today, we are making a sustainability pledge to you: teams across Google Cloud are committing to eliminating the barriers you face in building a more sustainable digital future for your organization, and will help you take action today to realize your climate goals. We’ll do this in a number of ways: 

1. In digital transformation projects and workshops, sustainability teams will always have a seat at the planning table, so we can work together on using cloud technology to build a more sustainable future. 
2. We’re putting low-carbon signals natively into our products to help developers choose more sustainable options early in their application development. 
3. We’ll ensure carbon impact is measured consistently with other key performance indicators. Leveraging the social cost of carbon, the ROI models and value assessments you conduct with Google Cloud will project your emissions impact too. 
4. We’ll be transparent about our carbon impact, by publishing third-party reviewed reports and methodologies, so you can trust the data for your own reports and disclosures. 
5. We’ll continue to work with the industry on best practices, including educational resources like Sustainable IT – Decoded, a new masterclass created in partnership with Intel, that shares the expertise of sustainability thought leaders. 

For the next decade we need to work together to avert the worst consequences of climate change. We’ve made tremendous progress in building technology that helps everyone do more for the planet, and we’re excited to see what you do with it. Visit this page to learn more about Google Cloud’s sustainability efforts.

Google Cloud Results

• Improves application performance by 8x to 12x; customers can create increasingly complex optimized driving routes in single-digit seconds
• Improves customer satisfaction via increased reliability and greater application performance
• Focuses on adding value to customers by improving software and algorithms, not infrastructure management
• Saves 5x in infrastructure costs

In 2009, Dan Khasis needed to rent an apartment. His search had him driving around the greater New York City area in unfamiliar areas, scattershot-style, often ending up where he started. The frustrating experience led the serial entrepreneur to launch Route4Me, a smartphone navigation app to help consumers create driving routes optimized for multiple stops.

Soon, business users recognized Route4Me’s value and requested enhancements specifically for them. While route optimization apps for big businesses already existed, they were almost exclusively offline desktop programs that were expensive to purchase, deploy, and get trained on. Recognizing the opportunity, Route4Me developed an affordable route optimization solution across various devices, such as smartphones, smartwatches, and telematics devices. The software was tailored to logistics-intensive businesses such as last-mile delivery services and business units conducting field sales, field service, and field marketing functions.

As Route4Me grew its user base, it became clear that its infrastructure of rented, dedicated servers from various providers wasn’t sustainable. “The hardware costs seemed low, but there were many risks and hidden costs,” says Dan Khasis, Co-founder and CEO at Route4Me. For example, “Multi-zone disaster recovery, high availability, automated failover, and on-demand surging of many nodes was simply impossible,“ he adds.

Because under the hood Route4Me’s routing optimization platform requires complex computations, the company needed a globally scalable infrastructure capable of delivering low latency and high throughput. Route4Me also needed to stay competitive by developing and delivering new services as quickly and efficiently as possible.

For these and other reasons, Route4Me moved 100% into the cloud. “Like many entrepreneurial software companies, we test all the latest technologies we can find before upgrading. Typically we go with the fastest technology, with a strong bias towards open source and open standards,” Khasis says. Based on extensive testing, Route4Me selected Google Cloud Platform (GCP). Along with the scalability, flexibility, reliability, and low-cost structure of GCP, Route4Me had already migrated its entire platform to containerized microservices, which Khasis says “are extremely stable and reliable” on Google Kubernetes Engine. While Route4Me has proprietary routing and route optimization engines, it uses Google Maps for high-precision geocoding and as the frontend.

With GCP, Route4Me has reduced its IT infrastructure costs while delivering faster route optimizations and more reliable service to customers. Because of GCP, the company is also planning to add services that will deliver the fastest possible routing simulations and calculations to customers at a price that Khasis says is “impossible without a mature cloud-based platform like GCP.”

Unexpected savings, pleasant surprises

The migration to GCP and Kubernetes Engine required Route4Me to revamp its Service-Oriented Architecture (SOA) and convert millions of lines of code into containerized microservices running on Kubernetes Engine. With more than 150 microservices and thousands of add-on modules and features offered on the Route4Me platform, the migration took several months. But the transition, which began in May 2017 and concluded toward year’s end, went smoothly. “Thanks to the reliability and open source portability of Google Kubernetes Engine, Route4Me experienced one-tenth of the problems that we’ve had when onboarding to other cloud providers,” says Khasis.

Halfway into the migration, Route4Me engineers discovered an unexpected cost savings. The ability to run preemptible virtual machine (VM) instances with Kubernetes Engine resulted in a 90% savings in infrastructure costs, according to Khasis.

The engineering team was also pleasantly surprised by the improved intra-system latency and performance between the Google network and those of third-party systems and other data centers that Route4Me connects to. Overall latency dropped from 8x to 12x. “Where it used to take 8 to 14 seconds to plan a complicated route, now it takes as little as 2 seconds,” Khasis says. Route4Me is also running most of its transactional and operational data through Google BigQuery for a variety of business use cases, including complex machine learning tasks such as geospatial analytics, geospatial pattern detection, and synthetic density.

Scaling while delivering great performance

Route4Me algorithms take into account such data as driving distance, driving time, who’s driving, the day of the week, the vehicle being used, weather conditions, and dozens of other attributes. “All those scenarios and data have to be run in near real time,” Khasis explains. The Route4Me system must access multiple internal and external databases, aggregate all the information in parallel, and deliver it using a high-speed infrastructure platform.

“Our core services and algorithms work much faster on a Google architecture, bringing the total time to solve a complex route problem down to single-digit seconds.” “Many of those steps are resource-intensive,” Khasis adds. “With Kubernetes Engine clusters, we can do much more, scaling up and down as needed, and still deliver great performance to customers around the world.”

Because of its scale, Route4Me built its own automation system for marketing, support, and communications with its customers. “Since we moved our proprietary marketing automation system to GCP, we began delivering our omni-channel marketing communications more reliably, and the correct message reached customers faster and at just the right moment,” says Khasis. “That’s translated to happier customers and increased revenue.”

Customer satisfaction has increased, too, because Route4Me’s users experience far fewer slowdowns than before due to the reliability of GCP. The reliability also means the company spends less time worrying about certain clusters or servers going down for extended periods of time. “We have zero sysadmins, which was the Achilles heel of some of my previous startups,” says Khasis. “So we can focus on software development rather than infrastructure management.”

In order to scale as needed and develop new features, Khasis had expected the company would need to hire more SysAdmin, DevOps, and SecOps staff. “But once we migrated to the modern GCP environment, we didn’t have to make those hires. We saved a lot of money by not having to hire, train, and manage more people,” explains Khasis.

Flexible GCP pricing, in which customers only pay for what they use, has saved Route4Me money on its IT infrastructure. “Preemptible server pricing on GCP is so aggressive,” Khasis says. “If servers are automatically shut off for a certain time period, we don’t pay for them for that period. And if servers are on for a certain amount of time, we get an automatic 30% discount. We’re saving money on the platform with fixed and dynamic workloads.”

Per-second billing with GCP also helps Route4Me cut costs. “If it only takes 25 seconds to do something, we only pay for those 25 seconds,” Khasis says. For the same 25 seconds, other cloud providers might charge for 10 minutes usage or even an hour.”

Road map for the future

In the coming year, Route4Me plans to offer additional add-ons as part of its self-service marketplace, providing customers with transparent pricing on highly complex route optimizations. The service will be extremely valuable to heavy users. For instance, if an organization has to visit 50,000 locations by a certain time, it might wonder if it needs to add 20 people to make that happen and how much it’s going to cost. “Because we’re on GCP, our customer can run a variety of complicated routing scenarios to see which one is the most efficient in seconds instead of minutes,” says Khasis. “As far as I know, none of our competitors can offer that kind of service, giving us an edge as well as a new revenue stream.”

Going forward, Route4Me will begin migrating a huge portion of its core routing optimization platform to Google Google Cloud Spanner. “We want to take further advantage of Cloud Spanner, which comes closest to the CAP theorem and permits us to operate an infinitely scalable and nearly indestructible platform,” Khasis says.

As one example, Route4Me receives telematics data, such as GPS coordinates, from Internet of Things (IoT) devices in smartphones and vehicles, and performs complex algorithmic analysis running on Cloud Spanner. This provides real-time return on investment (ROI) information, so customers can see how much money they’re saving by using Route4Me routing optimization services.

“In order to help as many logistics-intensive businesses as possible, we intend to migrate our proprietary mapping, routing, and route optimization services to Cloud Spanner to take advantage of its extreme reliability and redundancy, and the multi-availability zones of Google Cloud Platform,” says Khasis.

Route4Me also plans to leverage Google machine learning technology, in part to make its routing solution available for use in autonomous and drone vehicles, as well as decentralized edge computing deployments. In addition, Google security and encryption technology will help the company expand its offerings to the heavily regulated medical industry.

Over 60 Route4Me team members use G Suite for almost everything. ”We’re interested in using everything possible with G Suite. We get inspiration from G Suite, too. A lot of thinking and effort went into improving G Suite, and we use that as inspiration to improve own products.”