ServiceNow CEO Bill McDermott discusses enterprise IT fragmentation and why traditional enterprise digital transformation efforts frequently underperform.
“And 80% Of those billions of dollars that got invested by these companies in digital transformation has failed to deliver a positive ROI return on investment.”
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More from Bill McDermott
PredictionDidn’t hold up
McDermott: ServiceNow customers will build 1 billion apps within two years
“There's going to be a billion apps built in the next two years by the customers we serve on our platform.”
Bill McDermottJul 4, 2023▶ 28:39ServiceNow CEO Bill McDermott on Entrepreneurship, AI, and Automation
Opinion
McDermott: Generative AI is an undeniable secular shift driving enterprise tech
“And if you believe like I do, that this is now a secular movement that's undeniable. And one that will fundamentally change the enterprise, then you'd have a bull case on NVIDIA and all companies in the enterprise that can be generative AI market leaders.”
Bill McDermottJul 4, 2023▶ 34:54ServiceNow CEO Bill McDermott on Entrepreneurship, AI, and Automation
AssertionNot checkable as stated
McDermott: Modernizing legacy data centers is a $7 trillion market opportunity
“For example, you know, there's a seven trillion dollar opportunity just in reinventing data centers that have existed in a similar fashion for the last half century.”
Bill McDermottJul 4, 2023▶ 39:56ServiceNow CEO Bill McDermott on Entrepreneurship, AI, and Automation
What-if
McDermott: Xerox had cloud computing ideas but lacked singular focus
“And if you think about cloud computing and distributing things on demand, Xerox had all those ideas, but didn't necessarily lean into them with a single purpose at the time. I think that could have made a really big difference.”
Bill McDermottJul 4, 2023▶ 17:10ServiceNow CEO Bill McDermott on Entrepreneurship, AI, and Automation
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