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Cboe Digital Sets January Launch for U.S. Margined Bitcoin and Ether Futures

In a ground-breaking announcement, Cboe Digital has set the stage for a new era in cryptocurrency trading.

Starting January 11, 2024, Cboe Digital will launch margin futures on Bitcoin (BTC) and Ethereum (ETC), marking a significant evolution in crypto-asset trading.

This initiative positions Cboe Digital as the first U.S. regulated crypto native exchange to offer both spot and leveraged derivatives trading on a unified platform.

Cboe Digital’s Margin Futures

Cboe Digital’s introduction of margined contracts on Bitcoin and Ether is a strategic move to enhance capital efficiency for traders.

By not requiring the full collateral upfront, these contracts offer greater flexibility compared to non-margined futures.

A powerful coalition of cryptocurrency and traditional financial sector industry giants backs this development in crypto trading.

Among these partners are B2C2, known for their leading role as a crypto-native liquidity provider, and BlockFills, a frontrunner in digital trading solutions.

CQG, with its four decades of experience in financial market solutions, and Jump Trading Group, a top-tier proprietary trading firm, also lend their support.

The involvement of these firms underscores the commitment to creating a transparent and reliable trading environment.

Cboe Digital’s Potential Impact on the Crypto Ecosystem

The unique model, blending spot and derivatives trading, is poised to bring operational efficiencies to the crypto market.

This integrated approach is expected to foster liquidity and hedging opportunities, further accelerating the adoption of the cryptocurrency sector by TradFi institutions.

John Palmer, President of Cboe Digital, highlights the significance of this move.

“Our launch of margin futures is a major milestone, enhancing crypto markets with a tool vital in traditional financial markets. This step is key in the market’s continued growth”.

Chris Zuehlke, Global Head of Cumberland DRW, said: “Cboe Digital’s regulated futures access is vital for maturing this asset class and broadening institutional participation.”

Nicola White, CEO of B2C2, echoed this sentiment, emphasizing the role of transparent markets and superior risk management in institutional crypto adoption.

The Future of Crypto Trading: Cboe Digital’s Vision

Cboe Digital, a subsidiary of Cboe Global Markets, has been a pioneer in the cryptocurrency innovation space — their upcoming launch of margin futures complements their existing offerings, including spot trading in Bitcoin, Bitcoin Cash, Ether, Litecoin, and USDC.

Cboe Digital’s plans include physically delivered products, subject to regulatory approvals.

Their margin model and the integration of SPAN-compatible risk parameter files underscore their focus on security and transparency.

Thomas Texier of Marex, Vincent Angelico of StoneX Financial, and JJ Kinahan of tastytrade all expressed enthusiasm for Cboe Digital’s initiatives, underscoring the demand for such products and the importance of competitive technology in regulated markets.

Bob Fitzsimmons of Wedbush Securities said: “Cboe Digital has been instrumental in helping to create a transparent, well-regulated crypto spot and derivatives market.

“We congratulate Cboe on this exciting target and look forward to continued collaboration in this market.”

The Bottom Line

Cboe Digital’s innovative approach to crypto trading, supported by leading firms, represents a leap forward in blending the crypto and traditional financial markets.

This move not only caters to the existing demand but also paves the way for a more structured, efficient, and secure digital asset trading landscape.

The integration of professional tools, advanced technology, and sophisticated regulatory oversight signals a new chapter in the evolution of digital asset trading, promising to redefine the standards of the crypto market.

4 underrated Netflix Geeked Week 2023 reveals that you might have missed

The cast from Dead Boy Detective

(Image credit: Netflix )

We came, we saw, we left with almost as many questions as we had before: Netflix’s Geeked Week 2023 has been and gone, leaving tons of teaser trailers in its wake.

Films like Zack Snyder’s Rebel Moon, which looks like the epic sci-fi fantasy franchise Netflix has been searching for, the dark fairy tale Damsel, which sees Stranger Things‘ Millie Bobby Brown takes on a Game of Thrones-like dragon, and 3 Body Problem, which looks like a mind-bending sci-fi series, may have caused the bulk of the excitement, but there were plenty of other really interesting announcements and teasing trailers too.

Here are some of our favorites for the year ahead.

Jurassic World: Chaos Theory

Netflix‘s Jurassic World: Chaos Theory is a sequel to the Jurassic World: Camp Cretaceous series that promises “a new era of chaos” after the park has closed and the kingdom has fallen. Anything with a roaring T-Rex is pretty much guaranteed a place on our to-watch list, and the tone of the teaser feels a lot darker than previous series – so while this one is aimed at younger audiences than the movies, it should still have plenty for the grown-ups to get their terrible teeth into. Who’s behind the scenes is just as interesting: Steven Spielberg is executive producing alongside Colin Trevorrow, who directed Jurassic World, and Frank Marshall, who produced the Jurassic World trilogy. The series launch date has yet to be confirmed but it’s due in 2024.

Dead Boy Detectives

Do you have a pesky ghost haunting you? Has a demon stolen your core memories? Then you may want to ring the Dead Boy Detectives. The mystery-solving and distinctly dead detectives are based on characters created by Matt Wagner and Neil Gaiman, whose spectacular The Sandman was one of our very favorite Netflix shows of last year. The show also survived near-cancelation: it was originally made for Max, but a change of priorities at Max meant it has now moved to Netflix. The eight episodes promise all kinds of supernatural fun including evil witches, escaping from hell and battling death herself. The show could be one to tug on the heartstrings too: when it was first announced it was described as a ghost story that explores loss, grief and death. This one’s “coming soon”.

The Brothers Sun

The Brothers Sun is a dark action comedy series set in LA and Taiwan, and it follows Taipei gangster and accomplished killer Charles Sun – the Sun of the title. When his father is killed by a mysterious murderer, Sun travels to LA to protect his brother and his mother. The brother knows nothing of his elder sibling’s lethal line of work or that their dad was a fearsome crime boss, and his world is quickly turned upside down by the new knowledge and accompanying danger. The lead role is played by Justin Chien alongside a top-notch Asian cast including Sam Song Li, Highdee Kuan, and Joon Lee. Michelle Yeoh is also on board as Sun’s “shrewd and observant” mom. This looks like it could be great. It’ll be available to stream from January 4, 2024.

Masters of the Universe: Revolution

Not to be confused with the similarly titled Revelation, to which it’s the sequel, Masters of the Universe: Revolution is the new series of Kevin Smith’s He-Man sequel/reboot – and this time there’s a distinct hint of the Terminator to He-Man’s arch-enemy Skeletor. Vibes-wise this reboot appears to be the Dark Knight to the campy Batman of the original He-Man cartoons, with this He-Man grappling with new responsibility and trying to decide whether he should be the king or the champion. With a voice cast including Mark Hamill, William Shatner and Lena Headey this is one to add to your list, and you won’t need to wait long: it premiers in January 2024.

Gallery: PlayStation Portal | 11 Photos

Sony has apparently learned nothing from the success of the Nintendo Switch and Steam Deck. Or from its own portable systems like the Vita and PSP, for that matter. The PlayStation Portal (yes, technically it’s another PSP) is a $200 handheld system that can only stream games from your PlayStation 5. There aren’t any built-in apps, it can’t play anything locally, and there’s no connection to Sony’s cloud game streaming service. It’s purely a streaming window into your PS5, hence the name.

Gallery: PlayStation Portal | 11 Photos

  • PlayStation Portal
1/11

Consequently, it’s also a device that lives and dies based on the quality of your internet connection. While it’s mostly meant for in-home play, you could technically hop on any Wi-Fi connection to play remotely when you’re traveling. But that’s only possible if that connection and your home internet can keep up, and if your PS5 doesn’t crash or get wonky. If anything along that chain fails, you’re left with an ugly $200 doorstop.

Sony

Sony PlayStation Portal

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Pros

  • Excellent DualSense-like controller
  • Decent streaming performance in ideal circumstances

Cons

  • Expensive
  • Connectivity can be fickle
  • Useless offline
  • No cloud streaming

That’s the main problem with the PlayStation Portal: Its downsides are so immediately apparent that it’s unclear why anyone should get one. You could, for example, spend $100 for a Backbone controller to stream games from your phone. Or you could use any existing gamepad to access the PS Remote app on a phone, table, Mac or Windows PC. There are so many better ways to access games on the go, the PlayStation Portal already feels obsolete before it launches.

Even its design seems haphazard: It’s as if Sony chopped up a DualSense controller and shoved a basic 8-inch tablet in the middle. In place of the DualSense’s center touchpad, you can tap and swipe on the Portal’s screen (a process that was never as smooth as I wanted). On the bright side, the Portal includes the DualSense’s satisfying haptics, and its sci-fi-ish black and white case looks right at home alongside the PlayStation 5.

 

PlayStation Portal
Photo by Devindra Hardawar/Engadget

Holding the PlayStation Portal feels like holding an oversized DualSense controller. My hands and fingers were perfectly comfortable, but the 8-inch screen throws off the balance. I also couldn’t help but notice how fragile the bottom corners of the screen were. It really does look like a tablet, with thick bezels and a relatively thin profile. But unlike the Switch, Steam Deck or even PlayStation Vita, there’s nothing protecting the lower part of the Portal’s screen from a hard drop, or from being crushed inside of a backpack. (Sony isn’t selling a Portal case of its own, but you can find some from third-parties.)

I’m sure the controller arms would offer some protection for many falls, but I couldn’t help treating the system with kid gloves during my testing. I didn’t let my 5-year old daughter handle it during my review, even though I feel comfortable letting her hold a Switch. Perhaps this is just my paranoid dad brain speaking, but the Portal’s screen is practically asking to be damaged — it’s like getting your child an overly-expensive doll and just knowing it’s going to lose a limb within a day.

Setting up the PlayStation Portal involves linking it to your PlayStation 5 from within the console, or the PlayStation app. For some reason, my phone (an iPhone 15 Pro Max) had a hard time making out the QR code on the Portal’s screen, so I plugged in the pairing code manually. Once that was clear, I sat back and waited for the Portal to connect to my PS5. And I waited. And waited.

PlayStation Portal
Photo by Devindra Hardawar/Engadget

Thirty seconds later, I received a message saying that I needed to turn on my PS5’s Remote Play feature, something I could have sworn I did when reviewing the system. The only problem? I was snuggled in bed, hoping to get some portable Spider-Man 2 time in before I dozed off. Rather than trek down two flights of stairs to reach the PS5 in my basement, I decided to wait until morning. I’ll admit, this was mostly my fault, but it would have been nice to flip on Remote Play from the PlayStation app.

When I got up, I immediately flipped on the feature on my PS5 and proceeded to make breakfast. While my kids were chomping down on pancakes, I turned on the PS Portal and tried to connect to my PS5 — once again, I waited. About a minute later, I finally heard a successful chime from the system and was presented with my PlayStation 5’s home screen. But when I tried to get a game of Thumper going, all I saw was a sea of video compression artifacts. The game’s normally fluid controls felt like mud. I gave up after five minutes of frustration.

Here’s where I need to reiterate that your experience with the PlayStation Portal comes down to your home’s internet setup. Sony recommends having a connection of at least 5Mbps, and it suggests 15Mbps for better quality. But raw internet speed is just one factor: You also have to consider the age and networking technology in your router, as well as Wi-Fi reception throughout your home. For the best possible experience, you’ll want a modern router (or even better, a mesh setup) that can bathe your home in full wireless bars, as well as a direct Ethernet connection for your PS5. (Sony isn’t saying if the PS Portal supports Wi-Fi 6, but that’s a technology worth investing in if you have an older router.)

Photo by Devindra Hardawar/Engadget
Photo by Devindra Hardawar/Engadget

What’s confusing, though, is that I have pretty great internet throughout my home. I’m using AT&T’s gigabit service with a modern Wi-Fi 6 gateway on my first floor, and there’s a mesh extension for my office in the basement. I typically see full wireless reception on my main floor, with speeds between 600 and 800Mbps on most devices. So why was the PlayStation Portal having such a rough time? I have no clue. My PS5, which sits in the basement, isn’t connected via Ethernet. But I also see 500Mbps speeds down there, so it didn’t seem necessary. During breakfast, I was sitting about 20 unobstructed feet from my router, so there wasn’t much physical interference either.

When I moved to my living room later in the day, which is also where my router sits, the Portal was able to connect to my PS5 in around 15 seconds. I spun up Spider-Man 2 and crossed my fingers. For some reason, it loaded up just fine and I was able to play for an hour with my daughter curled up beside me. That was the first time I could actually see the potential of this thing. My daughter and I have been gaming together a lot, but only with portable systems we can use together in bed or on the couch. It would take a lot more effort to bring her into my basement home theater, and frankly, she’d probably be bored there.

PlayStation Portal
Photo by Devindra Hardawar/Engadget

So there we were, swinging through New York City streets as Peter Parker and Miles Morales, and it felt like magic. Spider-Man 2 appeared to be running at 60fps on the Portal in performance mode, and it was perfectly fine. Colors certainly didn’t pop as they do on my Switch OLED, and it couldn’t hold a candle to the Steam Deck’s new 90Hz OLED HDR screen, but it was still decently immersive without many video artifacts. The controls felt just as responsive as the DualSense, and its haptic rumble felt powerful and nuanced (certainly more so than the Switch or Steam Deck).

Moving up to my bedroom later in the day (one floor above the router, two floors above the basement) we were able to clock another 30 minutes in Spider-Man 2 with only occasional hiccups. Thankfully, the game automatically paused in those instances, similar to what you’d see if your DualSense controller lost power during normal gameplay. Every time we disconnected, I couldn’t help but look over at the Switch OLED and Steam Deck, handhelds that can actually play games offline without a sweat.

During a recent grocery run, I brought the Portal along just to test the limits of its remote connectivity. To my surprise, I was able to tether it to my phone (using Verizon’s 5G ultra-wideband network) and launch Spider-Man 2 just fine. The game looked far less clear than when I was at home, naturally, but I could still make out enough to explore the city and take on a few side missions.

PlayStation Portal
Photo by Devindra Hardawar/Engadget

So sure, the Portal isn’t entirely useless on the go, but you’re risking a lot if it’s your only portable gaming option. You still couldn’t use it on a plane — even if the internet was fast enough, network latency would be abysmal — and hotel Wi-Fi is notoriously unreliable. Meanwhile, you could play Tears of the Kingdom on Switch or Baldur’s Gate 3 on the Steam Deck without issue. (Power is a concern, but planes often have outlets and both systems can be charged with portable battery packs.)

When I got back home, my daughter was excited to see more of Mile’s story in Spider-Man 2. But for whatever reason, the Portal refused to connect to my PS5 while we were sitting in bed, even though it worked just fine there the night before. We didn’t have enough time to run downstairs and reset the PS5, so we resorted to playing Dave the Diver on the Steam Deck instead.

I can’t abide hardware I can’t trust, and the PlayStation Portal is among the most fickle devices I’ve encountered. Even if you have an excellent home networking setup, it’s hard to predict just how well it will perform. That’s a shame, since its battery life is among the best we’ve seen for a portable system, lasting between seven and eight hours of gameplay. (The one bright side to being a streaming-only device? It’s basically just decoding incoming video.)

PlayStation Portal
Photo by Devindra Hardawar/Engadget

There are other annoyances too, like the Portal’s complete lack of Bluetooth support; it only streams games over Wi-Fi. You can connect a pair of Sony’s $200 Pulse Explore earbuds, but that’s your only wireless option. Otherwise, you’ll have to plug in wired headphones at the bottom of the Portal, or deal with the system’s anemic speakers. Sony likely wanted to keep the Portal’s price down, but losing Bluetooth feels like the Sony of yore forcing people to buy their proprietary Memory Sticks, instead of using SD cards like everyone else.

Despite its many downsides, I’m sure some PlayStation fans will jump on the Portal. Engadget Executive Editor Aaron Souppouris and Deputy Editor Nathan Ingraham were both intrigued about playing on the couch while watching something else on their TVs. And based on my time with it, I can see the Portal’s limited appeal — but not for $200.

Tech Layoffs Predictions 2024: Market Analysis and Future Trends

As we stand on the cusp of 2024, the technology job market is undergoing a seismic shift fueled by advancements in artificial intelligence (AI), data analytics, and cybersecurity.

Every week, it feels like companies — from tech giants to SMEs — are laying off workers, with the second week of November bringing in a new wave of tech layoffs.

Amazon, Google, Zillow, and Snap are the latest tech names to reduce staff in November.

Google is on its fourth round of cuts since September, with staff within Users & Products (a global customer support and feedback team) being told this week that their employment is ending.

Previous layoffs happened within the recruiting division, along with Google News and Voice services.

Amazon has cut more than 27,000 roles this year. This week, the e-commerce giant announced cutting back on its music division staff.

While the number of cuts announced on November 9 is unknown, it affects workers across Latin America, North America, and Europe.

Snap, a social media platform, this week announced it was cutting back on around 20 product manager roles, following a turbulent few months where upper management staff such as Nima Khajehnouri, vice president of engineering, moving on from the company.

Meanwhile, as part of an ‘audit’, the housing site Zillow this week laid off approximately ‘two dozen’ staff, according to SFChronicle.

A Grim Global Outlook For Tech Teams

In just one year, tech layoffs have surged past 240,000 globally — a staggering 50% increase from 2022. This rise comes as giants funnel billions into AI while cutting thousands of jobs simultaneously.

San Francisco is the home of many tech giants and is feeling the loss.

Abby Raisz, from the Bay Area Council Economic Institute, told Fox News: “The nine-county Bay Area lost almost 17,000 jobs last month, which was the worst monthly job loss we saw Omicron hit in late 2020 and early 2021.”

Last month, several companies announced cuts, with a mix of economic uncertainty, ‘strategic priorities’, or AI displacing jobs cited as the causes.

These include:

  • Nokia announced it would cut up to 14,000 jobs between now and 2026, blaming weaker-than-expected earnings, around 16% of its current headcount of 86,000 employees.
  • LinkedIn announced it would lay off 668 employees across finance, talent, and engineering areas — or more than 3% of staff globally. The company, part of Microsoft, said it was making ‘strategic priorities for our future.’ The cuts are the second major staff reduction in 2023, following the loss of around 700 jobs in May.
  • Q&A stalwart Stack Overflow also announced the end of the line for 100 employers — around 28% of staff — with the rise of AI said to be one of the root causes.
  • Google laid off 12,000 workers — around 6% of its staff — over 2023, including 50 employees at Google News in October.
  • Self-driving car technology company Waymo LLC is on to its third round of layoffs this year.

Unfortunately, as we prepare for 2024, these trends look set to continue. With other industry leaders from Cisco Systems to Roku joining the fray, the debate on how tech innovation impacts employment is further intensifying.

Elsewhere, Qualcomm’s decision to slash 1,200 workers — 2.5% of its workforce — and Epic Games’ move to lay off 16% are further indicators of a broader, unsettling trend.

Why Are There So Many Tech Layoffs?

Anna Tavis, clinical professor in human capital management at New York University, believes that all industries will continue to “right size” their staffing levels in pursuit of efficiency, cost cutting, and rationalizing their skills portfolio.

“In the aftermath of the recruitment surge post-pandemic, its lingering effects remain evident. Tech firms overspent on growing their staff sizes. Now, they experience a pressing need to recalibrate their ranks and align to the needed levels.”

As we stand on the threshold of a new era in the workforce, driven by rapid advancements in artificial intelligence, the conversation around AI’s impact on labor costs has reached a fever pitch. Business leaders and analysts are examining the balance between automation and human skills. Tavis offers a little food for thought for companies contemplating an AI-powered future.

“There is a heightened anticipation surrounding the potential labor cost efficiencies from adopting AI. While it is believed that AI might replace some jobs or parts of jobs currently performed by human workers, it is important to note that these expectations might be ahead of their time. Nevertheless, given AI advancements, companies are preparing for a major organizational shift.”

In the wake of sweeping layoffs at major corporations like Twitter, the dialogue surrounding corporate restructuring and its implications has gained new urgency. Such high-profile moves don’t merely impact the companies directly involved; they set the tone for industry-wide trends, creating ripple effects that influence organizational behavior across the board.

“At its core, the market continues to reward workforce reductions, no matter how compelling the evidence highlights their damaging effect on companies’ cultures. Industry sectors likely to see layoffs in 2024 include tech and tech-related firms and consulting services.”

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Vulnerable Roles in Tech

Nick Gausling, a seasoned business consultant and managing director of Romy Group LLC, sheds light on the intricacies of the tech world under these conditions.

“The tech sector relies heavily on stocks and borrowing. When interest rates rise, borrowing becomes more expensive, and stocks decline. Rates are at their highest level in over two decades and climbing, making more tech layoffs virtually inevitable.”

Gausling’s insights tap into the core of challenges facing established tech companies and fledgling startups, illuminating the factors that dictate their survival, scalability, and employee retention strategies in this high-stakes environment.

Many tech startups scramble to get any funding they can, even on unfavorable borrowing terms. Those who succeed might survive today but cannot service the debt tomorrow. If your company’s unit economics aren’t already profitable, it’s a precarious situation.

While companies rigorously evaluate roles indispensable to their core operations versus those considered more peripheral, Gausling also emphasizes the heightened vulnerability of specific roles in these uncertain times.

“Staff who directly contribute to building, selling, or servicing the company’s core product are least likely to be laid off in 2024, while those in middle management and support roles are most vulnerable. But in new or experimental divisions outside the company’s bread and butter, even engineers and salespeople need to watch out.”

 

Future-Proofing Your Career

On the flip side, Cliff Jurkiewicz, vice president of global strategy at Phenom, an HR technology company, believes a positive side exists. The good news is there’s a tremendous opportunity for tech jobs in other industries.

“The retail and communications industries are going through massive technology upgrades. AI is driving expansion in tech. Like disruptive technologies before it, AI is creating new roles and new skill requirements for existing roles.”

AI Curators work closely with expansive language data sets to train AI algorithms and ensure that their outputs align with the organization’s goals. AI Ethicists serve as ethical compasses, grappling with questions of fairness and transparency.

“Think of Jeff Goldblum’s character in Jurassic Park always pushing beyond “can something be done” and asking “but should it be done?”

AI Policy Makers and Legal Advisers scrutinize technical and societal impacts, working in tandem but distinct from AI Ethicists. AI Trainers educate the workforce and the AI itself, acting symbiotic with AI Curators.

AI Auditors are responsible for ensuring the accountability of AI systems, while AI/Tech Interpreters adopt a more strategic lens, translating the overarching impact of AI technologies within an organization.

These roles signal AI’s maturation in the enterprise and underscore the multifaceted responsibilities that come with its adoption.

“Tech professionals have an advantage. Their skill sets are highly marketable to the tremendous opportunities for tech roles in other industries. They also have the background and ability to simplify upskilling for the new AI-based roles. And these new AI roles are just the beginning, with others not far off on the horizon.”

Seeking some career advice? Check out:

The Six-Fold Rise of Data Jobs in the Tech Industry

Linda Lee, chief people and culture officer of Velocity Global, shared job trend data from the past five years, which shows that data-related jobs have increased six-fold in new employment from 2018 to 2022.

To get more specific about which data roles are leading the charge, almost a quarter of these jobs were data scientists and data engineers in 2022.

Lee believes this will likely continue to be a focus in 2024 as data reigns king in business.

“Because borders no longer restrict one’s options for work, we expect borderless hiring to continue its upward trajectory as companies look to boost revenue streams, broaden talent pools, and retain quality talent.”

As the tech industry solidifies its role as a global change agent and growth engine, understanding the job market trends for 2024 is becoming crucial for both seasoned professionals and newcomers eager to make their mark.

“The tech space catalyzes worldwide change, innovation, and growth. The job market has been challenging the past couple of years, but the industry’s potential drives those to stay in the space and new talent to enter. The industry will only grow in 2024, and according to the data, enhancing your data skills and highlighting your managerial experiences will help you break through and move up.”

Curiosity as Currency: Why the New Tech Industry Values an Agile Mindset

Martha Angle, VP of talent management and inclusion at OneStream Software believes that the evolving tech industry demands adaptability and innovation from employers and job seekers.

Traditionally, technical roles often revolved around tightly defined job functions, leading to limited exposure to diverse technologies and projects. This specialization frequently meant not everyone had access to the latest technologies or the opportunity to work on exciting and innovative projects.

As a result, employees could find themselves pigeonholed in their roles, lacking the chance to explore broader horizons within the tech landscape. This limitation not only hindered individual career growth but also constrained organizations from tapping into the full potential of their workforce.

“The current shift toward a more flexible and adaptable approach in the tech industry is breaking down these historical barriers. Employers recognize the value of offering diverse opportunities and encouraging employees to stretch beyond their comfort zones, fostering a more dynamic and innovative work environment.

 

This transformation benefits job seekers and organizations, allowing for a more agile response to the ever-evolving demands of the tech sector.”

Conversely, job seekers must exhibit proactive curiosity and a genuine enthusiasm for learning and experimenting with new technologies.

“Relying solely on an MIS degree to demonstrate technical proficiency is no longer sufficient.”

Employers seek evidence of candidates exploring tech stacks beyond Java and Python or taking on independent projects to delve into languages like C-sharp or experiment with generative AI tools. Those who break free from their silos gain a competitive advantage.

The Case for Automated Onboarding and Offboarding

Arthur Lozinski, CEO of Oomnitza, who helps companies automate their technology management processes, shared how he sees companies of all sizes across all sectors and geographies prioritize offboarding process automation to address efficiency, security, and cost considerations.

“It could indicate they understand the fluidity and unpredictability in today’s business environment and want to be prepared to offboard securely at scale if needed

 

Additionally, workforce adjustments are always made for holiday and seasonal work, shifts in demand or business strategy, and to address higher than anticipated voluntary turnover. So, no matter what, high rates of personnel change are the new reality.

 

What I can say is that since the start of the pandemic, one of our top use cases has been automating the processes that drive employee onboarding, offboarding, moves, and business reorganizations.”

Lozinski also shared research that revealed how inefficient and manual offboarding and onboarding processes can increase the cost and business risk of employee turnover.

We found that a third of enterprises lose more than 10% of their associated technology assets, and 42% experience unauthorized access to SaaS applications and cloud resources when offboarding workers.

And 50% lose at least 10% of their annual expenditures on underused, unmanaged, or unaccounted-for SaaS/cloud resources. Those hidden costs add up, effectively acting as a layoff tax. Who knew cost-cutting could be so expensive if not done appropriately?

The Bottom Line

As we confront the complexities and contradictions of the tech employment landscape heading into 2024, the onus is on us — whether as business leaders, job seekers, or industry observers — to adapt, innovate, and ethically navigate this evolving terrain.

While challenges loom large, from unexpected layoffs influenced by economic variables to the relentless drive for efficiency, the industry also holds untapped potential.

New roles are emerging at the nexus of technology and ethics, governance, and strategic integration, signaling not just the maturation but the humanization of AI and data science within the enterprise.

For business leaders, the mandate is clear: be proactive rather than reactive. You are not merely managing technology; you are shaping the future of work in a world increasingly mediated by it.

Whether investing in AI curation teams to guide machine learning efforts or focusing on the “layoff tax” that accompanies unthoughtful downsizing, strategic foresight combined with ethical considerations can turn challenges into opportunities.

For professionals, emphasizing specialized skills doesn’t just imply employability; it advocates for adaptability and lifelong learning. A path of continuous learning will allow you to evolve with the job market and its shifting requirements.

As we enter a year of unparalleled technological change, let’s not lose sight of the human element that powers innovation and shapes its impact. Beyond the data and algorithms, our collective choices will define the tech job market and society at large. In navigating this future, remember: it’s not just about smarter technology but a more inclusive world for everyone.

How to Build a Green Data Center

Green data centers are going to be good news for everyone, and while upfront costs may be higher, it is likely to pay off in the long-run. We speak to experts on how to design a data center to be environmentally friendly from the start.

Data centers are the beating heart of the digital economy, powering the entire internet. Without them, streaming films, making video calls, keeping up-to-date with the latest news headlines, browsing social media feeds, and everything else we love to do in 2023 wouldn’t be possible.

But you probably don’t know that data centers are highly power-hungry and bad news for the environment. According to research from the International Energy Agency, they use 1-1.5% of the world’s electricity and make up 1% of “energy-related GHG emissions”.

To put this into perspective, the global airline industry produces 2.5% of global carbon dioxide emissions.

This issue has led to the rise of green data centers, which are designed to consume less energy and ultimately contribute to a healthier planet. But what other benefits do they offer? And how are green data centers built and managed? Read on to find out.

Massive Benefits of Green Data Centers

Improving the carbon footprint of data centers can have vast benefits for operators, customers, and society as a whole.

And the financial bottom line can be improved too: Sustainability initiatives can help data center companies boost revenue, according to Helen Munro, head of environment and sustainability at Pulsant. She has noticed a market shift driven by “the growing interest of clients in the sustainability initiatives of their technology providers.”

“We have seen that the percentage of clients actively engaging with us on sustainability has increased from 1% to 5%, and we expect this to keep growing significantly,” she explained.

Green data centers offer significant benefits for their customers. Tom Andresen Gosselin, ESG practice director at Schellman, explained that choosing a sustainable data center provider would help businesses meet their net-zero targets.

He said:

“Energy efficiency and the corresponding costs savings are the most obvious financial benefits to the data centers themselves. But when it comes to the benefits to the environment, there are several considerations, some of which are transferable to data center clients.

 

“For example, the reduced carbon footprint of a green data center helps check the box for the data center, but their clients can benefit from that as well, as they can cite that in their own ESG program.”

According to Gosselin, making data centers more sustainable can also increase innovation within the operators themselves. He said designing and scaling a green data center would help the operator “ensure long-term viability by outpacing absolute emissions growth.”

Tomas Rahkonen, research director of distributed data centers at Uptime Institute, added that operators could also lower their energy bills, comply with new sustainability laws like the European Union’s Energy Efficiency Directive (EED), apply for green bonds, and potentially increase their overall valuation by reporting green turnover.

Planning a Green Data Center

When looking to improve the sustainability of their operations, Gosselin recommends that data center companies “start from a lifecycle perspective” while taking into account “all direct and indirect emissions from location through to decommissioning.”

“There are too many factors that contribute to greenhouse gas emissions to list, but consider that even the siting and orientation of a data center can significantly influence energy costs for cooling and open opportunities for on-site renewable energy (solar) consumption,” he said.

As part of this process, he recommends following six key steps — the first being determining the location of the green data center. He said the data center’s location “can significantly influence energy costs for cooling and open opportunities for on-site renewable energy (solar) consumption.”

Second, operators must consider making the data center energy efficient. Gosselin said investing in “high-efficiency power supplies and cooling systems” like geothermal cooling is a good place to start. He also advises tracking energy usage through a “sophisticated monitoring system.”

The third step is to plan the construction of the green data center, which involves “leveraging eco-friendly building construction materials and practices.”

During this stage, Gosselin said operators should also “consider future scalability and how to design the data center in a module/flexible manner” and “consider how your energy efficiency strategy will scale along with the facility itself.”

Waste management and recycling are also essential in planning a green data center. Gosselin recommends that operators develop a “comprehensive waste management and recycling program” focused on “e-waste recycling due to the heavy wear and tear on electronic equipment.”

The fifth step is to train employees on the importance of energy efficiency and how they can help achieve this by adopting simple best practices. Meanwhile, the sixth step is ensuring compliance with industry regulations and proving this through certifications.

“Finally, be sure to comply with environmental regulations and obtain relevant certifications, such as LEED (Leadership in Energy and Environmental Design) or BREEAM (Building Research Establishment Environmental Assessment Method) certifications,” he said.

6 Planning Steps For a Green Data Center

Checklist For Designing a Green Data Center

  1. Determining the location
  2. Making the data center energy-efficient
  3. Construction with eco-friendly materials
  4. Planning waste management and recycling
  5. Employee training in green methods
  6. Comply with all regulations

Important Equipment to Consider

To bring green data center plans to life, operators must think about acquiring a plethora of critical equipment.

Rahkonen of Uptime Institute said operators must show careful consideration in selecting servers and IT equipment to “ensure high utilization for the given workloads and applications.”

He said they’d also need containment systems for isolating cool from hot air as it travels in and out of the servers, adding that an “efficient cooling system” would enable operators to use “free cooling.”

Something else to consider is the “adaptation of the cooling system to enable heat reuse,” according to Rahkonen. They could do this by “increasing return heat temperature to enable output to district heating system.”

Rahkonen also recommends investing in “efficient electrical systems and batteries,” sensors, and a monitoring system to “measure and keep up the efficiency of all technical systems.”

An efficient data center will still need to be powered and cooled by essential equipment like uninterruptable power supply (UPS) units, computer room air conditioners (CRACs) and chillers, and standby generation, according to David Watkins, solutions director at VIRTUS Data Centres.

Watkins pointed out that while diesel-powered generators typically power standby generation, more sustainable methods are emerging. “A lot of research and development is underway investigating alternatives that use more sustainable fuels (hydrogen & HVO) and technologies (fuel cells and battery storage,” he said.

Green Data Centers Are Not Cheap

Although data center operators and customers can reap significant benefits from sustainable operations, critical financial factors must be considered.

Rahkonen explained that while buying green data center equipment at a total cost of ownership “will typically increase the initial cost,” doing so could result in “yearly operational cost savings over time.”

He said operators could also incur higher costs by buying “green electricity for direct consumption,” using the example of utility green tariffs that may include a “premium on top of regular grid electricity price.”

Purchasing sensors and monitoring systems can be expensive in the short term, although Rahkonen said such technology would help operators save money from increased efficiency. They’d also be able to “compile data for regulatory reporting.”

Christoph Cemper, founder and CEO of AIPRM, admits that building a green data center “can hit the wallet pretty hard at the start.” But he said the silver lining is that governments could potentially provide tax breaks or grants to help data centers achieve their sustainability goals.

“And don’t forget, your energy bills will take a nosedive, which means more money stays in your pocket over time,” he added.

The Bottom Line

Data centers play a vital role in the digital age; life wouldn’t be the same without them. But despite their importance in modern society, they are typically power-intense and, therefore, contribute to the global climate crisis.

However, by adopting green computing practices in data center development and day-to-day operations, operators can improve energy efficiency significantly and pave the way to a greener technology industry.

Of course, building a green data center isn’t a simple feat that can be achieved overnight. The process takes a considerable amount of planning, IT equipment, and financial resources to be a success. However, what’s certain is that there are massive benefits for operators and their customers.

B2B Cross-Border Ecommerce: Sell Products in New Markets

b2b-cross-border-ecommerce

Online shopping takes place around the clock and around the world. This global market for ecommerce transactions now makes up a critical share of international trade. The World Trade Organization estimates steady growth for cross-border commerce (including ecommerce) over the coming decade.

If your company makes business-to-business (B2B) sales, you’ve probably considered joining the expanding world of B2B cross-border ecommerce. Adopting an international B2B ecommerce strategy allows you to access a vast customer base. Here’s how to structure your ecommerce platform for cross-border selling.

What is B2B cross-border ecommerce?

B2B cross-border ecommerce refers to businesses in different countries buying and selling goods or services online. B2B cross-border ecommerce leverages digital platforms, websites, and online marketplaces to facilitate the exchanges, regardless of the businesses’ locations.

Benefits of B2B cross-border ecommerce

A B2B cross-border business model can offer several significant benefits to ecommerce business owners. Here are some key advantages:

  • Access to new markets and customers. Selling cross-border allows businesses to access entirely new markets and customer segments. Cross-border ecommerce can be especially beneficial if the domestic market is saturated or there’s a demand for your products and services in international markets.
  • Diversification and risk mitigation. Diversifying your customer base across different countries can reduce the risk associated with economic fluctuations or market-specific challenges in one region. If business slumps in North America but surges in Southeast Asia, your cross-border ecommerce strategy might help offset the slowdown.
  • Competitive advantage in your market segment. Entering new markets via cross-border ecommerce can provide a competitive advantage. Businesses that enter foreign markets can establish brand visibility and customer loyalty before other international competitors arrive.
  • Product life extension. Products reaching the end of their life cycle in one market might have extended life cycles in other regions. Cross-border ecommerce lets you pivot to international markets when a product loses its luster at home.
  • Extended selling seasons. Ecommerce businesses can take advantage of seasonal variations in demand by selling in different countries with varying climates and holiday seasons. For example, a North American swimwear business can target markets in the Southern Hemisphere during the summer months of December through March.
  • Economies of scale. International expansion can lead to economies of scale in production, procurement, and logistics, potentially reducing costs per unit and increasing overall profitability.
  • Maximizing existing resources. Expanding into global markets online will enable you to pursue new business opportunities without significantly increasing overhead costs.

Best practices for B2B cross-border ecommerce

International expansion can lead to new customers and business growth for your B2B ecommerce operation. The process requires legwork and attention to detail. Here are five strategies to ensure successful B2B cross-border expansion:

Conduct market research

First, analyze the demand for your products and services in your target market. You’ll need to run a competitive analysis, identifying gaps in the market that your products and services can fill. Study competitors’ pricing strategies and positioning, which may vary based on local economies and consumer expectations.

Choose the right ecommerce platform and payment gateway

Opt for a flexible and scalable ecommerce platform that supports multi-language, multi-currency, and international shipping. You’ll also want a payment gateway that supports multiple currencies and offers secure transactions compliant with international standards.

Beyond this, look for platforms that give you the ability to contextualize your catalog for different markets. For example, you may want to show one product line to customers in North America, but not to customers located in Australia. On the same token, you should be able to offer different currencies, languages, shipping and payment options, and products without having to open a new store for each. This work quickly gets complicated and is unscalable when you’re expanding to new markets.

Shopify offers industry-leading ecommerce functionality and an app store filled with international B2B solutions, making it a strong choice for many cross-border businesses.

Optimize your website for international customers

Translate your website content into the local languages of the target market. Use region-specific formats for dates, addresses, and contact information. Display prices and transactions in the local currency to provide clarity and transparency to international customers. Clearly state taxes, shipping costs, and delivery times for international orders.

The Ultimate Google Shopping Guide for 2024: How It Works

ShopifyPlus Blog Google Shopping

There’s no way around it: Amazon and Google own product discovery online. According to the latest Future Shopper report, 36% of all product searches start on one of those two platforms. The bulk of product discovery often takes place on Amazon, where commoditization and lack of data sharing undercuts a brand’s ability to establish direct and long-term connections to customers.

The next likeliest place for customers to find products is with search, which makes up 30% of product discovery. And a critical portion for retailers is Google Shopping, the leading price comparison portal that drives over 76% of retail search ad spend. This means that merchants who underutilize the search engine’s advertising offering could be missing out on a huge chunk of revenue.

If you’re a retailer who’s hungry for Google strategies that lead you to actual growth, you’ve come to the right place. This guide to Google Shopping covers:

What is Google Shopping?

Google Shopping is an advertising platform that allows businesses to reach people searching for similar products in its search engine.

Users can use Google Shopping to browse items from several different online retailers and view an item’s price, availability, and fulfillment options. When they click a product listing, the Shopping tab takes them to the relevant product page on the retailer’s ecommerce site.

Google Shopping results for “Nike panda dunks”.Google Shopping tab appears before organic listings for this search term.

How does Google Shopping work?

Google Shopping works by collating product listings from retailers that participate in Shopping campaigns. This database is analyzed to understand what the product is and who would buy it. When an ideal shopper conducts a Google Search for the product, the platform’s algorithm matches the query with the most relevant product listings in its advertising database. The advertiser is then billed depending on the bidding strategy they’ve selected.

How to create your Google product feed

If you don’t have one yet, create a Google Merchant Center account. This is the place to add your product feed and connect your product data to Google Ads (formerly known as Google AdWords) so that you can start building shopping campaigns. Here, you’ll also configure your basic business information, shipping, and tax settings.

Once your merchant account is set up, start working on the product feed. Your Google Shopping product data feed is a file that contains product information like its titles, prices, product images, and other details that tell Google what your products are and how ads for them should be served.

Screenshot showing active, expiring, pending, and disapproved products in Google Merchant Center.Google Merchant Center shows product inventory.

Unless you only sell one or two products, this isn’t the kind of file you want to create manually. With a product base of any scale, creating a product feed manually is likely to lead to small errors, inaccuracy, and overall incompleteness.

If you’re not using a shopping platform like Shopify that supports Google Shopping, generate an XML or CSV file with all of your product data. If you need help with identifying the required and recommended attributes, you can generate a feed using a Google Sheet within the Merchant Center.

Since Google requires that your product feed be refreshed every 30 days, a Google Sheet or static CSV file isn’t the most efficient way to maintain an up-to-date catalog for Google campaigns.

The Merchant Center does allow you to schedule automatic uploads with a Google Sheet, so you may be able to get by on a Google Sheet for a while if you have a small catalog (fewer than 15 to 20 products) and your inventory rarely changes.

In any other scenario, however, you’ll want to make sure you have a system in place that automatically uploads your feed at least daily, so that your ads are always showing the most important and in-stock products.

How to optimize product titles for Google Shopping campaigns

Unlike paid search campaigns, Google Shopping doesn’t let you target specific keywords to control the intent of your traffic and how you bid on it. The searches that trigger your ad are totally dependent on your product feed.

“We hardly ever use the product titles that are on our website,” says Jeff Moriarty, owner of Moriarty’s Gem Art. “We optimize them through Google Shopping based on the keywords people search for through our Google Shopping account. Doing this has helped us increase exposure, clicks, and sales by over 300%.”

Using search keywords doesn’t mean you have to scrap your product descriptions—but for the sake of getting more and better traffic, now you know where to set your priorities.

Put keywords first

When optimizing product titles for your Google Shopping campaigns, it’s not just about the words in your product title: it’s also about how you order them. Google reads your product titles from left to right—so words earlier in the title may be given more weight when Google determines when to serve an ad.

With this in mind:

  • Move the most important parts of your product title closest to the front.
  • Include the name of your product in the title. (It’s easy to take that one for granted, but it matters to searchers and to Google.)
  • If you’re selling a device or appliance, include the SKU or model number in the title.
  • Use your brand name appropriately. If people search for your brand specifically, include it toward the front. Otherwise, include it at the end.

“While simply cramming keywords into your titles can come across as inauthentic, putting none in at all just leaves clicks on the table,” says Karl Sandor, co-founder and CEO of The Growth Guys. “At the end of the day, if Google only gives you two main variables to control shopping ads with, you have to make sure you put enough effort into each.”

Add descriptive terms in product titles

If I search for “women’s cashmere turtleneck sweater,” smart advertisers are going to mention those keywords in their title and then tell me a little more about the product.

Women’s clothing brand Ravella does a great job of this in its product title, hence why it appears among the first Google Shopping results: it names the gender and type of sweater right upfront, which happens to match how I search. The product listing also clearly states the name of the product, brand name, color, and size.

Product listing with the title “Women’s - Tessa 100% Cashmere Turtleneck Sweater”Sometimes, retailers sync their product data to Google Merchant Center from their website and take no further steps in optimizing their product titles.

If your business does the same thing, you may be thinking: “My developer doesn’t have time for more! We have a backlog that goes on for days, and it’s all work we need to keep the business running!” Thankfully, it’s now possible to make small changes to your product titles through the Google Merchant Center with feed rules (which we’ll cover later).

Mention your brand name in product titles

Searches containing your brand name tend to convert at a higher rate than generic searches. People using these queries are already familiar with your brand and its products—perhaps they’re even existing customers who want to find a specific product on your site to include in their next order.

That said, product titles appear the same to everyone in the Merchant Center, regardless of whether an individual shopper has already interacted with your brand.

This begs the question: Should you use your brand in your product titles? And, if so, where? To help you answer that question, ask yourself:

  • Does your brand name get enough search volume to trigger ads?
  • Does your brand name make a difference in your sales?

Once you have your answers, you can use this table to break down how your brand name fits into your product title strategy.

Table that shows how products from a preferred brand with a high search volume should include the brand name in product titles.Should your brand name be in product titles? Use this table.

Unless consumers typically search using your brand name to find the product they’re looking for, we’ll categorize it as an “inconsequential brand.” The most common case for an inconsequential brand would be third-party sellers, like department stores or other retailers.

Best Buy, for example, sells electronics from multiple different brands. It focuses on including the individual product brands instead of “Best Buy” in its product titles:

Google Shopping search results for “Samsung TV best buy”.Best Buy doesn’t include its brand name in Google Shopping titles.

If you’re running Google Shopping campaigns for a marketplace or reseller, take the same approach and use product brand names rather than your store’s brand name in your product titles. This gives you the best chances of maximizing your products’ visibility for people who both are and aren’t familiar with your ecommerce store.

What if you own your brand and your first customers love it, but not a ton of people know about it yet? In this scenario, don’t suppress any chances for your products to show for generic product searches by including your product name upfront. Instead, place it at the end of your listing.

How to structure Google Shopping campaigns

If you’re already running Google campaigns and feel confident in your product titles but can’t seem to win customers, you may be falling victim to “the mob effect.”

Triangle diagram showing how the spend to revenue ratio is upside down.The mob effect in theory.

The mob effect happens when a few particularly searchable products steal the lion’s share of your budget and bring you little to no conversions in return. Because your budget’s being bogarted by those select products, your top sellers and customer favorites are hidden from browsing shoppers.

Let’s put some numbers to the story using the below example. These data points are from an actual account that was stuck under the mob effect.

As you can see, four products are taking up over half of the budget while contributing less than a tenth of the revenue. Even if this account were already profitable, imagine how much more it could achieve with an adjustment—and it did. From one 60-day period to the next, spend decreased by 27%, while revenue increased 71%:

Google Analytics report showing a 71.36% increase in revenue over two reporting periods.Google Analytics results for this case study.

In the next sections, we’ll cover campaign-level and ad-group-level strategies to help take your campaigns to new heights. There are multiple ways to save your Google Shopping campaigns from the mob effect, after all.

Use negative keywords

While you can’t target online shoppers using keywords in your Google Shopping campaigns, you can fine-tune your strategy and increase the odds of appearing for specific searches by using negative keywords.

Performance marketing agency KlientBoost calls this “the gold pan technique.” It’s the process of mining the most profitable search terms captured by shopping campaigns and suppressing generic searches that convert less often.

Illustration of negative keywords and high ROI search queries going into a funnel, but only high ROI keywords coming out.Separate negative keywords from your high priority campaign.

Because the product feed will always determine how your ads are served, you need to use negative keyword lists, Shopping campaign priorities, and shared budgets in order to funnel your traffic from a generic campaign to a specific campaign. This will help you to pay less for generic clicks and maximize traffic for the more profitable search terms.

Negative keywords force traffic for those search terms to a lower-priority shopping campaign that will target only your prized searches: the golden nuggets. As a bonus, you’re free to bid higher in your lower-priority campaign to maximize traffic for your top-converting terms.

For example, you could build:

  • One set of gold pan campaigns for your top sellers
  • One set of gold pan campaigns for all products
  • One set of gold pan campaigns for products that are on sale, or a catchall campaign to help you keep up with frequent inventory changes

To use this Google Shopping structure, two of your shopping campaigns must have matching ad group structures and settings for your traffic to be funneled appropriately. A mismatch could result in a leaky gold pan (and leaked profits as a result).

Screenshot of Google Shopping dashboard when copying a campaign.Create one Shopping campaign (or use an existing one) and duplicate it.

Now that you have built two Google Shopping campaigns, what profitable search terms should you add to the negative keyword list attached to your generic campaign? To start, you could use one of two common methods:

  • Exclude brand terms from your Shopping campaign.
  • Download a search query report with a sufficient amount of traffic, isolate the highest performing search queries, and add those as negatives to your generic campaign.

If your brand falls into the sweet spot of high-traffic volume and relevance, exclude your brand terms from your generic campaign. Klientboost reports that, after applying this method to a client who fell in the sweet spot, it saw a 295% higher return on ad spend, or ROAS, from the branded Shopping campaign:

Results of two Shopping campaigns with branded search accounting for 95% of revenue.The Gold Pan technique gave a 295% higher ROAS.

If your brand name falls outside of the sweet spot, use a report of historical top-performing searches and exclude those from your generic campaign.

The final piece that ties everything together is a shared budget. A shared budget ensures that your group of Shopping campaigns always remain in the same auctions and hold your gold pan together.

Unless you can somehow conjure every negative keyword in the universe immediately, the high ROI campaign will start to claim all the generic traffic and won’t be a high ROI campaign anymore. It’s so much easier to use your shared budget, negative keywords, and priorities appropriately.

Finally, if you’re showing ads for the same product in multiple campaigns, priorities tell Google which campaign you want to promote your product first. Priorities don’t affect your search relevance or the likelihood that your product will show for a certain query. In this case, priorities just help us assign the different pieces of your gold pan.

Create single-product ad groups

Single-product ad groups (SPAGs) help you isolate budget and prioritize your bestselling products in Google Shopping campaigns.

If you have a catalog of 120,000 products like Walmart does, managing 120,000 individual bids and ad groups would be a pain—but, even with a catalog that large, you may still identify your top 10–30 products. Because these sell so well, you’ll want to ensure that they live in their own campaign.

In that scenario, or if your store sells 30 products or fewer, SPAGs can help you manage bids for each individual product for optimal profit and help you see the exact search terms that each individual product is triggering.

To create a SPAG in Google Merchant Center:

  1. Create an ad group.
  2. Name it after your product ID or title (whichever helps you stay organized).
  3. Subdivide your product group by Item ID.
  4. Select the ID you named your product group after.
  5. Exclude “everything else.”

Screenshot of Google Shopping interface displaying a single product ad group.Single product ad group in Google Shopping.

If your store sells a large catalog of products that would make it too inconvenient to use SPAGs for your entire inventory, try to get more granular than “All Products.” Analyze performance by setting brand or product categories: this will keep things manageable but still help you to achieve better bidding efficiency.

Advanced Google Shopping tips and features

There’s more to the Google Merchant Center than diagnostic product data and basic business data. Let’s explore more advanced features that can enhance your campaigns—and make your life easier.

Create promotions

Shoppers can see when a product has been discounted in their Google Shopping tab. Considering that 38% of people shop online to find coupons and discounts, you can use the Merchant Promotions tab to your advantage and run promotions for products in your Google product feed.

To establish these, opt-in to Google’s Merchant Promotions program. Sign into the Google Merchant Center dashboard as an admin and go to Merchant Center programs under the three-dot menu. You’ll see a screen with different Merchant Center programs. Scroll to the bottom and enable Merchant Promotions. This will take you to a short application where you’ll fill in some basic details. Google approves most online stores within a few days.

Screenshot of Google Merchant Center showing a promotion setup that asks for your country, language, and currency.Create new promotion in Google Merchant Center.

Now, create a new promotion by clicking the “+” and selecting your country of sale. Define what kind of promo you’ll be running. Google gives you the option to select between:

  • Amount or percent off
  • Free gift
  • Free shipping

You can also set sub-rules for your promotion, like minimum quantities or purchase amounts.

Lastly, give your promo a title (shown in the “Special Offer” link for your ads) and ID—a unique value so that Google understands how this promo differs from others. Tell Google which products are part of the promo, specify a discount code if applicable, and schedule the dates for your promotion.

When you submit a promotion through the Merchant Center, there are two layers of approval that it has to go through.

The first is a basic policy approval, which is submitted to Google when you submit your promotion. As long as the title in your promo is clear, accurately describes conditions for the promotion, meets basic editorial standards, and isn’t misleading in any way, you should be good here.

The second one is promotion status (or validation review), which isn’t submitted to Google until the promotion is active on your site. For this step, Google testers will confirm whether the promotion works on your site as described. If your promotion is item-specific, Google will also make sure your promotion’s IDs are mapped to products appropriately.

A promotion that was disapproved because the discount did not work.A disapproved promotion.

To avoid issues, test for validation review before your sale actually starts by creating a promotions feed. Your promo’s start date is actually split into two distinctions:

  • Promotion effective dates: when your promo technically starts
  • Promotion display dates: when your promo is actually shown in ads

To trigger an early review, set your promo effective date to a few days beforehand and activate the promo (without advertising it) so that Google’s testers can verify it. Set your promotion display date to begin when your sale actually starts. This will give you a head start on the review process, and you can head into your sale with the confidence of knowing your Shopping promos are approved.

Create Merchant Center feed rules

Feed rules are an easy way for you to create new attributes or improve data in your product feed. Rather than manually adding data to your feed, feed rules allow you to add new information based on data that’s already there.

To find your feed’s rules:

  1. Sign into Google Merchant Center.
  2. Find Feeds and select your feed.
  3. Go to the section marked Rules.
  4. Click Create Rule.

Screenshot of Google Shopping showing a feed rule.Create a new rule.

For example, you can create a feed rule to assign a custom label value called “sale” for any marked-down products. From the process attributes menu, let’s select custom label 0, because that’s where you want to assign your “sale” value.

Next, to ensure that only sale products are selected, set the value to include only products with “sale price” greater than 0. Because you want marked-down products to have a custom label 0 set to “sale,” use the rule “Set to” and type in “sale.”

Google Merchant Center then gives you the option to run a test of your rule—this allows you to double-check that it works for both your products and your strategy.

Turn on Performance Max campaigns

Unlike traditional campaigns, Performance Max ads can be shown across all of Google’s major networks, including Display, YouTube, and Gmail. The advertising algorithm uses machine learning for automatic bidding and ad placement; it relies on conversion rate data to make educated guesses about what to bid and where.

“With the shift from Smart Shopping to Performance Max, advertisers have the option of adding compelling copy and supporting creative to the mix—but for Shopping ads, this is just an illusion,” says Karl Sandor, co-founder and CEO of The Growth Guys. “In reality, these extra assets go into building ads on other Google channels, such as search and YouTube.”

Performance Max campaigns appear on YouTube, Display, Google search, the Google app, Gmail, Maps, and Google My Business. Use Performance Max to advertise on all Google properties.

Athleisure brand Public Rec used Performance Max to increase online conversions by 28% and achieve a 5:1 return on ad spend. Its SEM manager, Esther Yang, says, “We’ve been able to grow our business by tapping into all of Google’s properties, ensuring that we’re capturing the right customers from every angle.”

Enable remarketing lists for search ads

Remarketing lists for search ads (RLSAs) helps you target people who’ve visited your website in some capacity—allowing you to reach people who are actively searching and are already familiar with your brand and products, and therefore more likely to buy them.

Google Ads gives you two options for using RLSAs:

  • Observation (formerly called bid only): This gives you the option to observe how previous visitors behave without restricting your campaign’s reach.
  • Targeting (formerly called target and bid): This gives you the option to target people who are on your list exclusively.

In general, Observation creates more traffic volume to offer since it includes new visitors, but Targeting can offer you more efficiency, since it only targets audience members.

To put this in context, here’s a sample of over 250,000 clicks in one Google Shopping account that looks at the differences in return on ad spend and revenue per click between:

  • New visitors
  • People part of a list in campaigns using audiences with Observation
  • People in a standalone RLSA campaign that’s using Targeting only

To set up a standalone RLSA Shopping campaign, copy your higher priority campaign. (Your lower-priority Shopping campaign is already absorbing your high-performing search queries, so you might as well keep it running.)

Similarly, exclude your brand name and less generic top-performing terms from your standalone RLSA campaign. Coupling search RLSA and targeting audiences with broad match keywords gives you the chance to score new search terms you might not have considered while maintaining a controlled environment.

Think of your standalone Shopping RLSA the same way: utilize it as an opportunity to grab more non-brand impression shares that may not convert as efficiently without the power of audiences. As a bonus, you can capture any new search terms that convert and try targeting them in your Search campaigns to grow your account even further.

Run local inventory ads

Local inventory ads help you reach local shoppers by showing in the Shopping results for people near a retail location. With them, you can show stock levels for individual stores; showcase buy online, pickup in-store (BOPIS) or curbside delivery options; and track advertising campaigns’ impact on store performance.

Use the Google & YouTube app to configure local inventory ads from Shopify POS. Connect your Google Merchant Center account to Shopify, create a Google My Business listing, and confirm that your local inventory is accurate. You’ll then sync your inventory data and appear in the Shopping tab for Google searchers who are looking to buy products nearby.

Google Shopping results for “iPad BestBuy” showing a range of iPads that are available to pick up today.