Business leaders see much in Artificial Intelligence, including new ways to save money, serve customers, and figure out what to build. What’s often tougher is deciding how to engage. That’s understandable, since getting into AI often raises questions about costs, data integrity, project length, and similar issues of planning and execution.

For CIOs concerned with the deployment and use of IT at their companies, these are critical issues. Here is one way to think about this complexity, by breaking it down into three different areas; Early Automation, Learning and working, and System Views.

First, a bit of good news and myth dispelling for readers who think AI is some far off promise, still in the labs and not safe for work. The reality is that AI is very much here, and almost everyone in your workplace is using it every day. People work with AI when they use Google Search, Photos, the autocomplete feature in Docs, live translation in Pixel phones, and many other areas. It is in the products of many other companies too.

“IDC reports that the market for AI software, hardware and services is expected to break the $500 billion mark in 2023.”

Additionally, it’s increasingly clear that AI can be adapted as a virtuous process, not just a one-off purchase (though there is much to recommend that.) During a recent Alphabet earnings call, CEO Sundar Pichai noted that “investments in AI will be key” to its near-term strategy, with new techniques that make it faster and easier to train and build AI for a number of uses. Additionally, the company is offering AI-driven “insights, new tools, and automation” to its advertising clients. The striking thing in this was the way that developing AI in one area could lead to growth in many others.

So, how does an IT leader foster a growth process like this for their stakeholders? By leading people through the well-established stages of Awareness, Learning, and Extension. Here’s what I mean.

Awareness: Early Automation

Consumer-facing AI is particularly strong in communications functions like voice recognition, translation, and writing tips. It’s similar in business uses: One of the most effective early instances of AI in the workplace has been Contact Center AI (CCAI), which manages basic customer communications, automatically answering common questions and prioritizing calls that require human assistance. It is doing what automation has always done best, automating the rote stuff and leaving the higher-value imaginative activity to people. It has been used by governments, retailers, telecommunications companies, and others, in a wide variety of use cases.

These and similar language-centric products, like DocAI for extracting information from things like invoices, receipts, or AI that extracts information from business contracts, have a number of benefits. For one, the investment is relatively easy to control, unlike with a research project leading to a formal launch. The payoff is also clearer. In the case of contact centers, in particular, the automation relieves stress, wins loyalty and slows disaffection in a high-turnover area. In both cases, successful results build allies in the business, who can testify to the earlier benefits when it’s time to take on something more complex.

Perhaps best of all, creating interest in basic AI services for business, right now, means people become engaged in learning more, since they see the early benefits and wonder what else might be done.

Learning: The Human Factor

The Natural Language Processing (NLP) that goes into these ready made, “out of the box” AI products can, not surprisingly, be used on much more sophisticated levels. Twitter, for example, processes 400 billion different events in real time, and its staff queries this trove using advanced NLP, answering questions and improving customer experiences.

There is clearly an enormous gap between Call Center AI and processing Twitter’s 400 billion events per day, but it’s not noticed enough how quickly that gap is closing. Look at how many products, partners, and training resources have emerged in the past few years. The gap makes sense, insofar as both the means of AI (like large data sets, good algorithms, and sufficient computing) and the value of AI, are new.

Increasingly, as AI is incorporated into standard enterprise tools like spreadsheets and analytic tools, easier to use AI becomes a skill within reach for many (even as the advanced end becomes more complex, meaning this ease of use process will continue for some time.)

It’s so new that AI skills demand isn’t met by conventional education means, creating lots of good opportunities for both nonstandard skills training, and in-house learning in the workforce. Companies offering AI skills training could well gain a competitive advantage and retain staff better.

Extension: Building System Views

When a new technology lands and gains in popularity, people seek to find new uses for it, or build connections among its different uses. Networked computing is one example, but think also of the way cars were soon followed by trucks and fire engines, or the way the data services on wireless phones soon morphed into the App Economy. If something is useful, people look for ways to grow it.

How will AI grow? My colleague Dominik Wee recently wrote about ways that AI will soon change supply chains, change product design, and improve sustainability. Most interestingly, he talked about how customers in manufacturing were realizing savings and gaining insights when once separate quality control data was combined with system wide views of the quality process.

There are several reasons to think AI will promote many such system views. For one thing, successful AI promotes the collection of data from more places, at greater frequency, since that leads to insight (and the cost of data collection is dropping.) Additionally, AI is good at spotting patterns and interactions that are not currently known. As well, AI is used in prediction and scenario planning, which leads to better understanding of how large-scale systems interact.

This comes at a time when we have more ways of seeing the world, from satellites, sensors, social media, and much more. We have more awareness of interactions, and a demand to understand them, in everything from the supply chain crisis, to human rights and sourcing regulations, or in the business realities of partnering, and serving customers in all sorts of ways, online and in the physical world.

Whether by coincidence or design, the Age of AI is also an age when organizations see themselves more accurately with a rich web of connections, with their choices and actions having more resonance than ever. That awareness is both a competitive tool, and a call to greater responsibility, potentially affording more customer loyalty and a more satisfied workforce for those who get it right.

That transformation won’t happen everywhere overnight, but it seems to be happening at all sorts of companies. And the trend for AI to assist, to be studied and grown, and to provide a richer understanding of the world, is happening every time someone touches this technology, at whatever level they need.

Organizations that collect geospatial data can use that information to understand their operations, help make better business decisions, and power innovation. Traditionally, organizations have required deep GIS expertise and tooling in order to deliver geospatial insights. In this post, we outline some ways that geospatial data can be used in various business applications. 

Assessing environmental risk 

Governments and businesses involved in insurance underwriting, property management, agriculture technology, and related areas are increasingly concerned with risks posed by environmental conditions. Historical models that predict natural disasters like pollution, flooding, and wildfires are becoming less accurate as real-world conditions change. Therefore, organizations are incorporating real-time and historical data into a geospatial analytics platform and using predictive modeling to more effectively plan for risk and to forecast weather.

Selecting sites and planning expansion

Businesses that have storefronts, such as retailers and restaurants, can find the best locations for their stores by using geospatial data like population density to simulate new locations and to predict financial outcomes. Telecom providers can use geospatial data in a similar way to determine the optimal locations for cell towers. A site selection solution can combine proprietary site metrics with publicly-available data like traffic patterns and geographic mobility to help organizations make better decisions about site selection, site rationalization, and expansion strategy.

Planning logistics and transport

For freight companies, courier services, ride-hailing services, and other companies that manage fleets, it’s critical to incorporate geospatial context into business decision-making. Fleet management operations include optimizing last-mile logistics, analyzing telematics data from vehicles for self-driving cars, managing precision railroading, and improving mobility planning. Managing all of these operations relies extensively on geospatial context. Organizations can create a digital twin of their supply chain that includes geospatial data to mitigate supply chain risk, design for sustainability, and minimize their carbon footprint. 

Understanding and improving soil health and yield

AgTech companies and other organizations that practice precision agriculture can use a scalable analytics platform to analyze millions of acres of land. These insights help organizations understand soil characteristics and help them analyze the interactions among variables that affect crop production. Companies can load topography data, climate data, soil biomass data, and other contextual data from public data sources. They can then combine this information with data about local conditions to make better planting and land-management decisions. Mapping this information using geospatial analytics not only lets organizations actively monitor crop health and manage crops, but it can help farmers determine the most suitable land for a given crop and to assess risk from weather conditions.

Managing sustainable development

Geospatial data can help organizations map economic, environmental, and social conditions to better understand the geographies in which they conduct business. By taking into account environmental and socio-economic phenomena like poverty, pollution, and vulnerable populations, organizations can determine focus areas for protecting and preserving the environment, such as reducing deforestation and soil erosion. Similarly, geospatial data can help organizations design data-driven health and safety interventions. Geospatial analytics can also help an organization meet its commitments to sustainability standards through sustainable and ethical sourcing. Using geospatial analytics, organizations can track, monitor, and optimize the end-to-end supply chain from the source of raw materials to the destination of the final product.

What’s next

Google Cloud provides a full suite of geospatial analytics and machine learning capabilities that can help you make more accurate and sustainable business decisions without the complexity and expense of managing traditional GIS infrastructure. Get started today by learning how you can use Google Cloud features to get insights from your geospatial data, see Geospatial analytics architecture.

Acknowledgements: We’d like to thank Chad Jennings, Lak Lakshmanan, Kannappan Sirchabesan, Mike Pope, and Michael Hao for their contributions to this blog post and the Geospatial Analytics architecture.

Financial institutions across the globe rely on real-time indices to inform real-time portfolio valuations, to provide benchmarks for other investments, and as a basis for passive investment instruments including exchange-traded products (ETPs). This reliance is growing—the index industry dramatically expanded in 2020, reaching revenues of $4.08 billion.

Today, indices are calculated and distributed by index providers with proximity and access to underlying asset data, and with differentiating real-time data processing capabilities. These providers offer subscriptions to real-time feeds of index prices and publish the constituents, calculation methodology, and update frequency for each index.

But as new assets, markets, and data sources have proliferated, financial institutions have developed new requirements. Financial institutions will need to quickly create bespoke and frequently updating indices that represent a specific actual or theoretical portfolio, with its unique constituents and weightings.

In other words, existing index providers and other financial institutions alike will need mechanisms for rapid creation of real-time indices. This blog post’s focus—an index publication pipeline collaboratively developed by CME Group and Google Cloud—is an example of such a mechanism. 

The pipeline closely approximates a particular CME Group index benchmark, but with far greater frequency (in near real time vs. daily) than its official counterpart. It does so by leveraging open-source models such as Apache Beam and cloud-based technologies such as Dataflow, which automatically scales pipelines based on inbound data volume.

Machine learning’s production problem

In the past decade, advances in AI toolchains have enabled faster ML model training—and yet a majority of ML models are still not making it into production. As organizations endeavor to develop their ML capabilities, they soon realize that a real-world ML system is comprised of a small amount of ML code embedded in a network of complex and large ancillary components. Each component brings its own development and operational challenges, which are met by bringing a DevOps methodology to the ML system, commonly referred to as MLOps (Machine Learning Operations). To apply ML to business problems, a firm must develop continuous delivery and automation pipelines for ML.

This index publication collaboration is instructive because it demonstrates MLOps best practices for just such a pipeline. One Apache Beam pipeline, suited for operating on both batch and streaming data, extracts insights and packages them for downstream consumers. These consumers may include ML pipelines that, thanks to Apache Beam, require only one code path for inference across batch and real-time data sources. The pipeline is run inside Google Cloud’s Dataflow execution engine, greatly simplifying management of underlying compute resources. 

But the collaboration’s value is not constrained to the ML and data science realm. The project shows that consumers of the Apache Beam pipeline’s insights may also include traditional business intelligence dashboards and reporting tools. It also demonstrates the simplicity and economy of cloud-based time series data such as CME Smart Stream, which is metered by the hour, quickly and automatically provisioned, and consumable at a per-product-code (not per-feed) level.

A focus on real-time processing for financial services

To illustrate the above points, the collaboration applies data engineering and MLOps best practices to a financial services problem. We chose the financial services domain because many financial institutions do not yet have real-time market data processing or MLOps capabilities today, owing to a significant gap on either side of their ML/AI objectives.

Upstream from ML/AI models, financial institutions often experience a data engineering gap. For many financial institutions, batch processes have sufficiently addressed business requirements. As a result, the temporal nature of the time series data underlying these processes is deemphasized. For example, the original purpose of most trade booking systems was to capture a trade and ensure that it found its way to the middle and back office for settlement. It was not built with ML/AI in mind, and its underlying data therefore has not been packaged for consumption by ML/AI processes. 

And downstream from ML/AI models, financial institutions often encounter the aforementioned “ML production problem.”

As ML/AI becomes ever more strategic, these two gaps have left many financial institutions in a conundrum—unable to train ML models for lack of properly packaged time series data, and unmotivated to package time series data for lack of ML models. By recreating a key energy market index using open-source libraries and cloud-based tools, this collaboration demonstrates that for the financial services domain a solution to this conundrum is more accessible today than ever. 

Creating a new index

We modeled our new index after one of CME Group’s many index benchmarks. The particular index expresses the value of a basket of three New York Mercantile Exchange—listed energy futures as a single price. Today, CME Group publishes the index at the end of the day by calculating the settlement price of each underlying futures contract, and then weighing and summing these values. 

While CME Group does not currently publish this index in real time, this collaboration aims to create a near real-time solution leveraging Google Cloud capabilities and CME Group market data delivered via CME Smart Stream. However, in order to publish the value so frequently—every five seconds, with 40-second publish latency—this collaboration’s pipeline has to solve a number of challenges in near-real time.

First, the pipeline must process sparse data from three separate trades feeds in memory to create open-high-low-close (OHLC) bars. More specifically, for five-second windows for each of the three front-month (and sometimes second-month) energy contracts, a bar must be produced. This is solved by using the Apache Beam library to implement functions which, when executed on Dataflow, automatically scale out as input load increases. The bars must be time-aligned across the underlying feeds, which is greatly simplified by Beam’s watermark feature. And for intervals in which no tick data is observed, the Beam library is used to pull forward the last value received, yielding perfect gap-free bars for downstream processors.

Second, the pipeline must calculate volume-weighted average price (VWAP) in near real-time for each front-month contract. The VWAP calculations are also written using the Beam API and executed on Dataflow. Each of these functions requires visibility of each element in the time window, so the functions cannot be arbitrarily scaled out. Nonetheless, this is tractable because their input—OHLC bars—is manageably small.

Third, the pipeline must replicate CME Group’s specific settlement price methodology for each contract. The rules specify whether to use VWAP or another source as price, depending on certain conditions. They also specify how to weigh combinations of monthly contracts during a roll period. The pipeline again encapsulates these requirements as an Apache Beam class, and joins the separate price streams at the correct time boundary.

The end result is a new stream publishing bespoke index data to a Google Cloud Pub/Sub topic thousands of times daily, enabling AI models as well as traditional industry index usage, dashboards, and other tools to assist real-time decision making. The stream’s pipeline uses open source libraries that solve common time series problems out-of-the box, and cloud-based services to reduce the user’s operational and scaling burden.

The importance of cloud-based data

The promise of cloud-based pipeline execution services cannot be realized using legacy data access patterns, which often require market data users to colocate and configure servers and network gear. Such patterns inject expense and scaling complexity into the pipeline’s overall operation, diverting resources from the adoption of MLOps best practices. Instead, a newer, cloud-based access pattern—in which resources subscribe to data streams inexpensively, rapidly and programatically—is necessary.

In 2018, CME Group identified the customer need for accessible futures and options market data. CME Group collaborated with Google Cloud to launch CME Smart Stream, which distributes CME Group’s real-time market data across Google Cloud’s global infrastructure with sub-second latency. Any customer with a CME Group data usage license and a Google Cloud project can consume this data for an hourly usage fee, without purchasing and configuring servers and network gear.

CME Smart Stream met this index pipeline’s requirements for cost-effective, cloud-based streaming data, but this is just one use case. Since the launch of a CME Smart Stream offering on Google Cloud, globally dispersed firms have adopted the solution. For example, Coin Metrics has been using the offering to better inform its customers in the crypto markets. According to CME Group, Smart Stream has become popular with new customers as the fastest, simplest way to access CME Group’s market data from anywhere in the world. 

Adapt the design pattern to your needs

By combining cloud-based data, open-source libraries, and cloud-based pipeline execution services, we created a real-time index using the same constituents as its end-of-day counterpart. Additionally, financial institutions will find this approach addresses many other challenges—real-time valuation of a large set of portfolios; benchmark creation for new ETPs; or external publication of new indices.

Give it a try

This approach is available to help you meet your organization’s needs. Please review our user guide, whose Tutorials section provides a step-by-step guide to constructing a simple Apache Beam pipeline to generate metrics on streaming data in real-time, and connecting a new data source to the pipeline. We’ll be discussing this topic in CME Group’s webinar End-to-End Market Data Solutions in the Cloud at 10:30 am ET on June 16th.

In our conversations with customers, few generative AI use cases have driven as much enthusiasm as generative search. Leaders at enterprises know the limits of traditional enterprise search, with queries producing a list of links based on pattern matching, and significant manual investigation required to find the more relevant answers. In generative AI, these leaders see an opportunity to leverage their data more effectively and deeply, including applying it to conversational apps that can answer complex questions, produce accurate summaries that synthesize many sources, and help people get the information they need, faster. 

Enterprise Search on Generative AI App Builder (Gen App Builder) lets organizations create custom chatbots and semantic search applications in as little as a few minutes, with minimal coding needed to get started and enterprise-grade management and security built in. Customers can combine their internal data with the power of Google’s search technologies and generative foundation models, delivering relevant, personalized search experiences for enterprise applications or consumer-facing websites. 

To date, most approaches to combining generative AI and search technology have been inadequate for the scale and reliability needed for enterprise use. For example, building search by breaking long documents into chunks and feeding each segment into an AI assistant typically isn’t scalable and doesn’t effectively provide insights across multiple sources. Likewise, many solutions are limited in the data types they can handle, prone to errors, and susceptible to data leakage. Bespoke, do-it-yourself approaches are generally no easier, with production-grade solutions often requiring complex tasks like integrating embeddings data with foundation models and significant use case data testing. Even when organizations make these efforts, the resulting solutions still tend to lack feature completeness and reliability, with significant investments of time and resources required to achieve high-quality results.

These challenges demonstrate that to effectively implement generative search, organizations typically need more than access to powerful foundation models. They also likely need the ability to ground model outputs in specific data, so that outputs are more relevant and less likely to include mistakes or “hallucinations.” They generally need safeguards that protect their data, how it is accessed, and how it is used. And they generally need the process to be high-performant and scalable out of the box, making the functionality easy to use even if the organization lacks data science and machine learning expertise.

Let’s look at how Enterprise Search on Gen App Builder helps customers bypass these scale and reliability challenges, so they can start leveraging generative search quickly. 

The intersection of generative AI and enterprise data 

Enterprise Search on Gen App Builder lets developers create search engines that help ground outputs in specific data sources for accuracy and relevance, can handle multimodal data such as images, and include controls over how answer summaries are generated. Multi-turn conversations are supported so that users can ask follow up questions as they peruse outputs, and customers have control over their data—including the ability to support HIPAA compliance for healthcare use cases. All of this is available as a fully managed service, so developers can focus on building rather than cloud complexity. 

Gen App Builder’s out-of-box capabilities can remove the need for data chunking, generating embeddings, or managing indexes, hiding complexity behind a straightforward interface that lets developers build apps in minutes with little or no coding and no prior machine learning experience. With the ability to ingest large volumes of documents and support for both unstructured and structured data, apps built with Gen App Builder help customers solve the long-standing headache of finding relevant information across the organization, turning tasks that used to take hours into quick searches or conversational explorations with an app. 

These capabilities are underpinned by both Google’s foundation models and a variety of Google Search technologies, including:

• Semantic search, which helps deliver more relevant results than traditional keyword-based search techniques by using natural language processing and machine learning techniques to infer relationships within the content and intent from the user’s query input. 
• Google’s understanding of how users search for information. 
• Google’s expertise in understanding relevance, which considers factors such as content popularity and user personalization of content when determining the order in which search results are displayed. 

For more advanced use cases, Gen App Builder can be easily integrated with Vertex AI for in-depth foundation model tuning, enabling flexible input and output search formats. 

As always with our AI products, Gen App Builder has been evaluated for alignment with our AI Principles, which is reflected by the product’s many safeguards against bias, toxic content, and unhelpful outputs. Whether for prototypes built in minutes or apps with many custom components, Enterprise Search on Gen App Builder offers a robust suite of user-friendly tools for customers across industries and levels of expertise. 

How customers are innovating with Enterprise Search 

After gaining access to Enterprise Search on Gen App Builder via our trusted tester program, a number of customers are already leveraging the product for novel use cases. 

Priceline is harnessing Gen App Builder and Vertex AI for a range of projects, including internal search engines for employees and a new chatbot to assist customers as they make travel plans. Slated to be available across both desktop and mobile experiences, Priceline’s chatbot will help customers find the right information faster via always-on, personalized experiences, including answering nuanced questions like, “What are the best 4-star hotel options in midtown Manhattan within walking distance to Central Park?” and “Can you help me extend my hotel reservation for an additional night?”

“Priceline is charting a course to transform the novelty of generative AI into lasting value for our customers and our business. We believe it’s not just about having the latest technology; it’s also about practically targeting innovation to the right challenges and opportunities,” said Marty Brodbeck, Chief Technology Officer, Priceline. “With Google Cloud as our AI innovation partner, we’re doubling down on our commitment to delivering the fastest, most seamless and informative booking experience for our customers, from personalized planning and travel inspiration to customer service.”

Vodafone is experimenting with Enterprise Search and foundation models on Gen App Builder to build a tool that can rapidly and securely query documents, search, and understand specific commercial terms and conditions. Vodafone Voice and Roaming Services has over 10,000 contracts with other telecommunications companies worldwide, in a variety of formats such as PDFs, images, and complex tables. Searching this document repository is often a time consuming process for employees. 

“Every day we introduce and manage new services like 5G to a roaming footprint comprising more than 700 operators in 210 countries to ensure both Vodafone and our partners’ business customers, holidaymakers, and Internet of Things devices stay connected when abroad. With Enterprise Search on Gen App Builder, we are building an intelligent assistant to securely and quickly search contracts.” said Sherif Bakir, CEO of Vodafone Voice and Roaming Services. “With generative AI, we’re accelerating otherwise protracted processes, increasing productivity and operational efficiency.”

Software startup Trender.ai, which creates customer monitoring and intelligence solutions for B2B relationships, is using Gen App Builder to build a product that can synthesize information from social media, public sources, and CRM data so that users can form more productive, personal relationships with prospects and customers.

“With Enterprise Search on Gen App Builder, we have been able to do things in the last month that we had projected to take 12-18 months on our prior roadmap,” said Betsy Bilhorn, co-founder at Trender.ai. “We had expected it would take at least 12 months to build and train models from an individual’s public social, web, and other data, and to then be able to ask questions like ‘What things are most important to this person?’ or ‘When and how is the best way to make an introduction to this prospect that they’ll respond to?’ Last year, we thought getting to this vision was a bit of a moonshot for a startup our size — but now we were able to achieve this in under a month.” 

Stop searching for solutions — start discovering insights

We’re excited to see how customers use Enterprise Search on Gen App Builder to leverage data in powerful ways, discover new insights, and create useful, personal, and efficient experiences. 

Today, we’re pleased to help our customers accomplish these goals, with the general availability of Enterprise Search on Gen App Builder for customers on the allowlist (i.e., approved for access). Please contact your Google Cloud sales team for access and pricing details. We are also launching two new features within Enterprise Search on Gen App Builder that are available today in our preview offering: multi-turn search, which supports asking follow-up questions, and content recommendations to find semantically relevant content. Access to the preview offering is available via Google Cloud’s trusted tester program. Read more about Enterprise Search on Gen App Builder and sign up for access on our webpage. 

We’re also bringing generative AI features of Enterprise Search to our existing solutions like Contact Center AI and Document AI. As an example, starting this month, customers can preview generative AI-powered search in Document AI Warehouse. To keep up with our latest generative AI news, don’t miss The Prompt or our generative AI primer for executives on Transform with Google Cloud.