ServiceNow CEO Bill McDermott breaks down how the enterprise workflow software company is expanding beyond IT into adjacent software categories.
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McDermott: Replicating a ServiceNow app with LLMs costs 10x more
“We've actually done the math on this. And so for a simple application on our platform, it would be 10 times greater in cost to try to replicate it with a language model.”
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McDermott: Cybercrime is a $1 trillion per month global problem
“U.S. Is the world's largest economy, China's number two, and cybercrime is number three. It's a one trillion dollar a month problem.”
Prediction Not checkable as stated
McDermott: Single-function SaaS faces high AI risk; platforms remain safe
“So if you think about companies that do something that span multiple departments or are a serious system of record,
That is very hard to replicate.
They're safe, and they'll, they'll be a part of the future.
If you're serving one function, and what you do is n…”
Prediction Not checkable as stated
McDermott: 2.2 billion AI agents will enter the workforce within years
“There'll be 2.2 billion of these agents entering the workforce in the next couple of years. And so, you know, there's going to be a lot more agents than there will be people.”
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McDermott: AI agents manage 90% of ServiceNow's customer service cases
“90% of our customer service cases now are managed by agents. And, you know, that, that means like only 10% are actually involving people.”
Prediction Not checkable as stated
McDermott: Enterprises will no longer add headcount without a clear ROI case
“And they're not going to add them anymore, meaning people, without a clear ROI case.”