9/19/2023 0 Comments Bubble letter chain with crown![]() ![]() To support this top-level ambition, let’s take a look at some of the announcements coming from ServiceNow this week. And we're gonna simplify everything for you. My take on it is we have the great re-prioritization of enterprise systems. So for the technology landscape, it's always a question of what to build and what to buy and how to operate at maximum efficiency. And it will drive a new era of economic prosperity in the world for the exponential companies. This will drive beyond expectation results for your companies. It goes beyond last year's results or last month's numbers, to predicting the future outcomes with great accuracy. It moves to end-to-end digital transformation. It goes beyond the 20th century architectures, beyond these silos that kill us, beyond the side projects. So let's think about applying that mindset to where our businesses have been, where they are today and where they need to go. That’s the difference between thinking old school and thinking exponentially. But if we took 30 exponential steps - 1, 2, 4, 8 - we actually go a billion meters. ![]() If we take 30 linear steps - 1, 2, 3, 4 - we will go 30 meters. To maximíze this moment we need to understand the difference between linear and exponential thinking. Now with the advancements on AI (read more on the product releases below), McDermott said that the Now platform can become the foundation for what he is calling the ‘exponential enterprise’. However, it has since expanded its presence across the enterprise, as its customers saw opportunities for using the platform in areas that range across HCM, CRM and ERP (and integrating across all of these).Ī key selling point for buyers is that they don’t need to replace technology purchase decisions of the past, building on top of existing systems, and enabling automated workflows across organizational boundaries. Historically, ServiceNow built a name for itself within IT, for its ITSM workflow capabilities. In essence, it aims to reduce complexity by providing employees or customers with automated workflows that don’t require an understanding of the complexity that’s built into an underlying system of record. That's what we're building.īy way of context, ServiceNow has found success with customers by recognizing that its platform can be used to unlock value for buyers across their organizations, using the Now platform to tap into siloed systems of record, creating a common system of engagement/action. We're building the future of business on this intelligent platform, for end-to-end digital transformation. ServiceNow it is the intelligent platform for end-to-end, digital transformation. diginomica has an interview with McDermott later in the week to dig deeper into the announcements, but following the keynote this morning, it’s clear that the company is progressing at pace with its strategy to unify systems of record to create a ‘system of engagement and action’ across the enterprise. The announcements range from bolstering ServiceNow’s skills programme, to supporting non-profits, to new ERP workflow capabilities, and of course, integrating with generative AI tools. "In due time, we expect these bubbles to pop," he said.Some 15,000 attendees descended on Las Vegas this week for ServiceNow’s annual user event, Knowledge, where the workflow vendor made a number of announcements that CEO Bill McDermott believes can support customers in becoming ‘exponential enterprises’. Still, "the top will be the top, and it's hard to predict when it will happen," he said. It’s painful for the shorts, as the TSLA CEO has been happy to remind everyone via Twitter."Įinhorn added that was no catalyst for the dot-com bubble bursting in March 2000, and that he didn't have a particular catalyst in mind now. With holders reluctant to sell, the stocks can only go up – seemingly to infinity and beyond. ![]() The longs are confident that everyone else who holds these stocks understands the dynamic and won’t sell either. The bulls explain that traditional valuation metrics no longer apply to certain stocks. ![]() A number of these stocks are back in full-blown momentum mode. Analysts continue to raise “target prices” which the market treats as news. "Perhaps as the prospects for tax reform have dimmed, the market has regained enthusiasm for profitless companies that aren’t at risk of paying taxes. Account icon An icon in the shape of a person's head and shoulders. ![]()
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