I have heard a few analysts mentioning that software stocks are under the threat of AI. Apparently now anyone can build enterprise software in their pajamas using AI. To the extent that this ridiculous reasoning is driving the stocks down, I think it presents a good buying opportunity. But one has to wait until the bleeding slows down a bit.
it might be more that business process can become a plain text word document, that modifying the program requires only describing the change in plain language, that the user interface to show information becomes unnecessary when you can just ask any question, that data can be loose and unstructured, even stored as images, and interpreted on the fly.
the general purpose chatbot plus a "how to" does replace needing to build esoteric specialized workflows.
ServiceNow is not exactly the Operating System that companies run by (arguably ITIL or other frameworks), but its operation is (arguably) critical to making those kind of business systems work.
I have heard a few analysts mentioning that software stocks are under the threat of AI. Apparently now anyone can build enterprise software in their pajamas using AI. To the extent that this ridiculous reasoning is driving the stocks down, I think it presents a good buying opportunity. But one has to wait until the bleeding slows down a bit.
it might be more that business process can become a plain text word document, that modifying the program requires only describing the change in plain language, that the user interface to show information becomes unnecessary when you can just ask any question, that data can be loose and unstructured, even stored as images, and interpreted on the fly.
the general purpose chatbot plus a "how to" does replace needing to build esoteric specialized workflows.
> The only major SaaS stock that is on the up is Oracle, with a 4% increase in stock price over the last year.
Someone wrote that with a straight face. It almost feels like the whole article's purpose was to sneak that line in there.
This is a huge deal in the US Enterprise space.
ServiceNow is not exactly the Operating System that companies run by (arguably ITIL or other frameworks), but its operation is (arguably) critical to making those kind of business systems work.