At the bustling Google Marketplace Expo event in Mountain View, the worlds of technology and industry came together. Amidst the buzz of innovation and collaboration, I had a chance conversation with Pallab Deb, Managing Director of SI & Industry GTM Partnerships for Google. My conversation focused on Google’s groundbreaking initiative: Industry Value Networks (IVNs). Watch the video interview here.
Pallab shed light on Google's vision for IVNs and the pivotal role of strategic partnerships in driving industry solutions forward. Little did I know, this meeting would lay the foundation for an insightful journey into the realm of Google's innovative approach to industry collaboration, and this detailed blog.
Through strategic partnerships and cutting-edge technologies, Google is empowering industries to reinvent themselves, from retail to manufacturing, and beyond. Now, Google Cloud is taking its commitment to industry solutions to the next level with the launch of Industry Value Networks (IVNs), a groundbreaking initiative aimed at addressing complex challenges head-on.
Industry Value Networks represent a strategic collaboration between Google Cloud and its ecosystem of partners, including systems integrators (SIs), independent software vendors (ISVs), and content partners. These networks bring together expertise and offerings from diverse stakeholders to create comprehensive, differentiated, and high-value solutions tailored to specific industry needs. By pre-integrating solutions, IVNs accelerate time-to-value and mitigate risks for customers, paving the way for swift application of industry-specific solutions.
Within IVNs, Google Cloud is spearheading initiatives across multiple sectors, each targeting critical industry use cases. From optimizing supply chains to promoting sustainability and revolutionizing financial services, IVNs are poised to drive meaningful change across various industries. Strategic partners play a pivotal role in these networks, contributing their expertise and innovative solutions to address pressing industry challenges.
For instance, in the supply chain domain, Google Cloud is collaborating with Accenture, project44, and NGIS to enhance supply chain resilience and sustainability. Similarly, in the financial services sector, partnerships with Quantiphi, Unqork, and Dociphi are revolutionizing insurance underwriting processes, offering automation and efficiency like never before. These examples underscore the transformative potential of IVNs and the crucial role of strategic partners in driving innovation and delivering value to customers.
Looking ahead, Google Cloud is committed to expanding its portfolio of IVNs, with plans to launch additional initiatives in collaboration with strategic partners and customers. Whether it's modernizing core banking architectures, revolutionizing retail experiences, or accelerating operational efficiencies in healthcare, IVNs are set to revolutionize industries across the board. As Google Cloud continues to innovate and collaborate, IVNs will serve as a catalyst for exceptional end-user experiences, improved operational efficiency, and sustainable practices, ushering in a new era of industry solutions.
Pallab also underscored the pivotal role of WorkSpan's Hyperscaler Edition for Google in nurturing and expanding partnerships within Google's Industry Value Networks (IVNs). As Google collaborates with an array of partners to develop industry-specific solutions, WorkSpan's platform emerges as a cornerstone in fostering seamless collaboration and enhancing visibility into joint opportunities and pipelines.
Here, I’ll share what we call the “Reciprocal Effect”, showing how, as partners share more referral opportunities, the partner becomes more well known until, over time, they hyperscaler sales teams start sharing more reciprocal opportunities back to the partner.. This phenomenon underscores the mutual benefit derived from shared engagements between partners and cloud providers.
As partners leverage WorkSpan to streamline collaboration and expand their reach within the ecosystem, they position themselves as trusted allies for cloud providers seeking to deliver comprehensive solutions to customers and grow their own pipeline through these co-sell automation capabilities. Partners are also able to contribute their expertise and offerings to enhance the cloud provider's portfolio, while simultaneously receiving referrals for opportunities that align with their strengths.
As Google and its partners navigate the complexities of industry challenges, WorkSpan's Hyperscaler Edition serves as a catalyst for shared innovation and growth, fueling the success of partner co-selling and propelling industries into a future defined by transformative solutions.
You also have the opportunity to discover what WorkSpan’s solution can do for your partnering business with Google. Schedule a no-cost demo today!
Chip is passionate about building strong communities and ecosystems around enterprises to build excitement for the category, deliver value for customers, and grow the business. Prior to WorkSpan, Chip was with SAP for over 13 years, most recently growing the SAP Community Network to over 2 million engaged customers, partners, and developers. He has an MBA from the University of Chicago and an engineering degree from Northwestern.
How to Co-Sell with Your Ecosystem Partners
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The time is now for you to work together with your partners to optimize ecosystems and address the complexity of changing customer demands, markets, and supply chains together.
- IDC estimates that by the year 2023, there will be a $7.1 trillion investment in digital transformation (DX) across the globe.
- Current estimates for companies co-selling with partners is expected to be over $300 billion!
- According to Accenture, 76% of business leaders agree that current business models will be unrecognizable in the next five years; and ecosystems will be the primary change agent.
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