In the past year, Google has worked to surface timely and reliable health information, amplify public health campaigns, and help nonprofits get urgent support to Indians in need. Now, we are continuing to focus on helping India’s businesses accelerate their digital transformation, deepening our commitment to India’s digitization and economic recovery. To support customers and the public sector in India and across Asia Pacific, we’re excited to announce that our new Google Cloud region in Delhi National Capital Region (NCR) is now open. 

Designed to help both Indian and global companies alike build highly available applications for their customers, the Delhi NCR region is our second Google Cloud region in India and 10th to open in Asia Pacific. 

What customers and partners are saying

Navigating this past year has been a challenge for companies as they grapple with changing customers demands and economic uncertainty. Technology has played a critical role, and we’ve been fortunate to partner with and serve people, companies, and government institutions around the world to help them adapt. The Google Cloud region in Delhi NCR will help our customers adapt to new requirements, new opportunities and new ways of working, like we’ve helped so many companies do in the region: 

• InMobi scaled a personalized AI platform to support 120+ million active users. “With the arrival of the Google Cloud Delhi NCR, InMobi Group sees the opportunity to continue closing the gap between our users and products,” says Mohit Saxena, Co-founder and Group CTO of Inmobi. “Glance, especially, has been serving AI-powered personalised content to over 120 million active users. We can’t wait to continue giving them truly meaningful experiences that are speedy, scale well, and are relevant to them, by expanding the use of our current tools working on Google Cloud with the opening of a new region.”
• Groww now supports a sizable user base. “Google Cloud provides great technology that enables us to build and scale infrastructure to millions of users, and the new Google Cloud region in Delhi NCR will continue to help more businesses and startups in India access powerful cloud-based infrastructure, products and services,” says Neeraj Singh, Co-founder and Chief Technology Officer, Groww.
• HDFC Bank is positioned for the future. “At HDFC Bank, we are harnessing technology platforms to both run and build the bank. As we progress to be future ready, the objective is to invest in future technologies that give us scale, efficiency and resiliency. Towards this the Google Cloud region in Delhi NCR will enable us to enhance our resiliency and help us in building an active-active design framework for our new generation applications on cloud,” says Ramesh Lakshminarayanan, CIO, HDFC Bank.  
• Dr. Reddy’s Lab built a modern data platform with Google Cloud. “At Dr Reddy’s, we pride ourselves in helping patients regain good health, acting quickly to provide innovative solutions to address patients’ unmet needs and in accelerating access to medicines to people worldwide. Our Google Cloud-powered data platform is helping us realize these objectives and we welcome Google’s investment in the new Delhi NCR region as helping us and other businesses in India make further contributions to our social and economic future,” says Mukesh Rathi, Senior Vice President & CIO, Dr. Reddy’s Laboratories.
• “To survive the disruption caused by the pandemic and to succeed in the long term, organizations need to become digital natives, so they can be more agile, explore new business models and build new capabilities that boost resilience. A cloud-first strategy plays a key role in enabling businesses to do this,” said Piyush N. Singh, Lead – India market unit & lead – Growth and Strategic Client Relationships, Asia Pacific and Latin America, Accenture. “Harnessing the potential of cloud requires the right data infrastructure and this expansion by Google Cloud will undoubtedly help Indian enterprises in their digital transformation journeys.”

A global network of regions

Delhi NCR joins 25 existing Google Cloud regions connected via our high-performance network, helping customers better serve their users and customers throughout the globe. As the second region in India, customers benefit from improved business continuity planning with distributed, secure infrastructure needed to meet IT and business requirements for disaster recovery, while maintaining data sovereignty.

With this new region, Google Cloud customers operating in India also benefit from low latency and high performance of their cloud-based workloads and data. Designed for high availability, the region opens with three availability zones to protect against service disruptions, and offers a portfolio of key products, including Compute Engine, App Engine, Google Kubernetes Engine, Cloud Bigtable, Cloud Spanner, and BigQuery. 

Supporting India’s recovery with training and education

Google and Google Cloud will also continue to support our customers with people and education programs. We’re investing in local talent and the local developer community to help enterprises digitally transform and support economic recovery. 

Through the India Digitization Fund, we expanded our efforts to support India’s recovery from COVID-19—in particular, through programs to support education and small businesses. In addition to expanding internet access, and investments to help start-ups accelerate India’s digital transformation, we’ve grown our Grow with Google efforts. Businesses can access digital tools to maintain business continuity, find resources like quick help videos, and learn digital skills—in both English and in Hindi.

Helping customers build their transformation clouds

Google Cloud is here to support businesses, helping them get smarter with data, deploy faster, connect more easily with people and customers throughout the globe, and protect everything that matters to their businesses. The cloud region in Delhi NCR offers new technology and tools that can be a catalyst for this change. To learn more, visit the Google Cloud locations page, and be sure to watch the region launch event here.

If you build apps and services that your customers consume, two things are certain: 

1. You’re exposing APIs in some form or the other. 
2. Your apps are made by multiple functions working together to deliver products and services. 

As you scale up and grow, your enterprise architecture can benefit from a sound strategy for both API management and service management, both of which impact your customer and developer experience. In this article, we’ll explore how these two technologies fit into your application modernization strategy, including how we’re seeing our customers use Anthos Service Mesh and Apigee API Management together. 

How APIs, microservices, and a service mesh are related

APIs accelerate your modernization journey by unlocking and allowing legacy data and applications to be consumed by new cloud services. As a result, organizations can launch new mobile, web, and voice experiences for customers. 

The API layer acts as a buffer between legacy services and front-end systems and keeps the front-end systems up and running by routing requests as the legacy services are migrated or transformed into modern architectures.  In addition, an API management platform, like Apigee, manages the lifecycle of those APIs with design, publish, analyze, and governance capabilities.

Once microservices architectures become prevalent in an organization, technical complexity increases and organizations find a need for deeper and more granular visibility into their applications and services. This is where a service mesh comes into play. 

A service mesh is not only an architecture that empowers managed, observable, and secure communication across an organization’s services, but also the tool that enables it. Anthos Service Mesh lets organizations build platform-scale microservices with requirements around standardized security, policies, and controls, and it provides teams with in-depth telemetry, consistent monitoring, and policies for properly setting and adhering to SLOs. 

How API management and a service mesh compliment one another

Many organizations ask themselves, “Do I really need both an API management platform and a service mesh? How do I manage them together?” 

The answer to the first question is yes. These two technologies focus on different aspects of the technology stack and are complementary to each other. A service mesh modernizes your application networking stack by standardizing how you deal with network security, observability, and traffic management. An API management layer focuses on managing the lifecycle of APIs, including publishing, governance, and usage analytics. 

Most organizations draw a logical boundary at business units or technology groups. Sharing these microservices outside that boundary with other business units or with partners is where Apigee plays a significant role. You can drive and manage the consumption of those services through developer portals, monitoring API usage, providing authentication, and more, with Apigee. 

Google Cloud offers Anthos Service Mesh for service management and Apigee for API management. These two products work together to provide IT teams with a seamless experience throughout the application modernization journey. The Apigee Adapter for Envoy enables organizations that use Anthos Service Mesh to reap the benefits of Apigee by enforcing API management policies within a service mesh. 

Accelerate your application modernization journey

Though the journey to application modernization doesn’t always follow a clear-cut path, by adopting API management and a service mesh as part of a modernization journey, your organization can be better equipped to rapidly respond to changing markets securely and at scale. 

Wherever you are on your application modernization journey, Google Cloud can help. To learn more about how service management and API management can be part of your application modernization journey, read this whitepaper.

Engineers that build last-mile delivery services belong to an elite order, a hallowed subcategory. Delivery customers are incredibly demanding when it comes to speed and convenience, and the services they use must take variables like increased traffic, road conditions, human error, and even driver availability into account every day.

Nuro is a company with a new approach to delivery services. Nuro has a fleet of autonomous vehicles designed to address many of the problems related to last-mile delivery. And every day, these vehicles — and their sensors — generate a lot of data before parking for the night. For Nuro engineers, that data can help them understand the impact of new on-road features, make improvements to their vehicles’ software, and ensure even better deliveries for their customers.

For Nuro, the key challenge is how to move petabytes of data as quickly, securely, and easily as possible from their edge environments, like vehicle depots, to Google’s Cloud Storage. For this delivery effort, Nuro selected Google’s Transfer Appliance with its new online transfer capability, now generally available.

Helping Nuro to speed up data delivery from the edge to the cloud

Like many Google Cloud customers, Nuro collects data from remote environments, like vehicle depots, that have different networking and storage capabilities when compared to a traditional data center. For a transfer solution to be effective moving unstructured data from these environments to the cloud, the solution needs to be easy to deploy and automate, while still providing similar performance as a more complicated alternative.

The Transfer Appliance was built for this use case. It arrives to customers as a physical appliance with a preconfigured version of Google’s Storage Transfer Service software already installed. Customers can move files to the appliance by using SFTP or SCP, or, alternately, can mount the appliance as an NFS share and copy target. Data can be stored locally on the appliance or transferred over the network, and secure encryption — at-rest and in-flight — is enabled by default.

With these new appliances, Nuro will be able to automate much of their storage transfer needs. When their autonomous vehicles return to the depot, they can move data like software logs, LIDAR data, and sensor data — all ideal fits for Google’s Cloud Storage — from parked vehicles to the Transfer Appliance. Online transfers can then be performed throughout the day, ensuring a steady stream of valuable data in the cloud for developers to analyze and use in their nightly builds. All of this will help Nuro’s engineering leaders like Jie Pan to run more productive development teams with less operational overhead.

“Our autonomous vehicles generate a tremendous amount of useful data, and our goal is to get that data to our engineers as soon as possible,” said Jie Pan, Engineering Manager at Nuro. “When vehicles return to the depot, we can move data hourly into Cloud Storage over the network. We also have the flexibility to return the Transfer Appliance back to Google Cloud. Most importantly, this rapid transfer architecture gives a meaningful boost to engineering productivity and development velocity.”

Going the extra mile

Engineering and infrastructure leaders understand the value of delivering the right data to the right teams, as fast as possible. By adding preconfigured, over-the-network transfer into a turnkey Transfer Appliance, Google Cloud customers can more easily automate these data deliveries by scheduling regular migrations of on-premises files, objects, and other unstructured data to our Cloud Storage.

As Nuro continues to grow their manufacturing and testing footprint, they plan to use Transfer Appliances to further scale and simplify their data migration from on-premises to Google Cloud. Cutting the time to migrate their data by more than half will make for happier, more productive developers, and that will help Nuro bring us all the future of delivery a little faster.

If you’d like to learn more about Transfer Appliance and its new online transfer capability, click here or reach out to your Google Cloud account team.

Financial markets were among the first to adopt new technologies, and that has certainly been true of the derivatives markets, which were early adopters of electronic trading. Going forward, new capabilities will transform the way industry participants communicate, analyze, and trade.

I sat down with Google Cloud’s Phil Moyer and former SEC Commissioner, Troy Paredes, for a fireside chat at FIA Boca 2022 to discuss the future of markets and policy, the new technologies that are already paving the way for greater speed and transparency, and how cloud can help promote greater resiliency, performance, and security to enable the long-term vision for the market. The following is a summary of our discussion.

The current state of cloud technology

When it comes to technology adoption, we’re seeing the market and participants adopt cloud technologies, and increasingly, machine learning (ML) on a wider scale. Cloud technology allows for easier, faster, and much more secure experimentation with large datasets and ML.

A recent Google sponsored study by Coalition Greenwich (September, 2021) showed that more than 93% of trading systems, exchanges, and data providers are in some way providing services on the cloud. The same study, revealed that about 72% of the financial industry across the buy side and sell side, intend to consume public cloud-data based market data within the next 12 months.

Data-driven decision-making and risk management have always been, and continue to remain, the cornerstones of the financial markets. Over time, technology innovation has facilitated access to better insights from data, and therefore, better decision-making and the ability to manage risk. That expectation is now mainstream, and will continue to grow in sophistication.

The multi-phased technology trajectory

The movement of exchanges to the cloud will occur in a “crawl-walk-run” fashion, with low-hanging fruits the first to be picked in the near term while bigger, paradigmatic changes will occur over the medium and long term. Some organizations are starting all three stages simultaneously, understanding that each will move at an independent cadence.

The “crawl” phase is one in which foundations are built, starting with organizations moving data to the cloud and experimenting with some degree of analytics. It’s one of the most important phases because it’s where the opportunity to increase transparency and risk management takes shape.

In moving to the cloud, the infrastructure – which in the past relied on a combination of people, processes, and some technology – becomes the code that runs applications. This early phase is key to empowering organizations to shift to a cloud-based, agile-first operating model that makes it easier and more seamless to launch new products in the future, including by freeing up people and resources from IT management to more mission-focused work.

Establishing the cloud operating model simplifies the “walk” and “run” phases where compliance is more automated, latency-sensitive applications are more readily available, and the next generation of exchanges, market participants, and regulators is better prepared to meet future challenges.

The “walk” phase is where much of the innovation happens. Exchanges are making significant progress in leveraging foundational data decisions in the “crawl” phase and innovations in the cloud to improve settlement, clearing, risk management, collateral management, and compliance, and launch new products.

And finally, the “run” phase is where organizations will start to move the latency-sensitive markets to the cloud, as the markets increasingly will demand low-latency and high performance along with transparency and analytics to solve historical obstacles to market access.

Opportunities for both regulators and market participants

Any time significant technological change takes place, regulators explore its implications, particularly with respect to their ability to meet their regulatory objectives.

Increasingly, we are seeing technological change driving more opportunities for regulators and market participants alike. Such changes may also allow better protection of the marketplace, with greater integrity and transparency.

Over time, regulatory regimes – rules, regulations, statutes, interpretations, and guidance – will also adjust to new technologies, both benefiting the marketplace and advancing regulatory goals.

As one example, the cloud is increasing the ability to meet compliance obligations by allowing compliance to be built into transactions. Moreover, predicated on the vision of real-time regulatory reporting, and given the pace of technological change in the marketplace over the last several years, various regulators have been using more advanced analytics. This trend will continue to help them more effectively and efficiently meet their objectives, and monitor and meet the expectations they have for the entire market.

Machine learning’s role in the financial markets

Google Cloud’s head of AI and Industry Solutions, Andrew Moore, said that ML will be doing three key things for us in the next 10 years: giving us meaning, providing concierge services, and serving as a guardian. Extracting information that is critical to investor decision-making can be extremely important. With more data than ever, ML can increase the ability to process it while also becoming more accessible in the cloud and better supporting regulatory objectives.

The technology will likely manifest in trading and anti-money laundering activities as they relate market functions, as well as managing a wide variety of risks – supporting the interests of both investors and regulators in terms of decision-making, surveillance, and protections.

Rather than taking individuals out of the equation, the digitization of markets, assets, and guard rails combined with ML will allow people to focus their expertise in different ways to achieve key objectives.

Building the market foundation for the future

The goals of operational resiliency, security, and privacy will continue to be critical for building the market foundation for both participants and regulators. While technology promises to create advantages in concrete, tangible ways, it will be important to scrutinize potential risks and concerns.

Priority one for technology providers is to build an environment of trustless security, including encryption at motion and encryption at rest, ensuring that markets are operationally resilient while instilling confidence for any exchange that runs on top of that infrastructure. Multicloud architectures and approaches are likely also to be part of the solution for operational resilience.

Throughout time, liquidity has been the outcome of improved access, transparency, and security. Technology providers are responding by sharing both the responsibility for, and fate of, the markets of the future to build an efficient, faster, and more transparent and secure financial industry.

You can learn more about our approach in our newest white paper, Building the financial markets foundation for the future.