The enterprise resource planning (ERP) market has historically been dominated by major incumbents like SAP and Oracle, making it difficult for new startups to gain traction. However, recent advancements in AI and foundation models are reshaping this landscape. AI’s ability to streamline data handling and automate workflows is lowering the barriers for migration to new systems, offering a 10x better value proposition compared to traditional systems. As legacy software approaches end-of-life deadlines and businesses prioritize AI capabilities, now presents an opportune moment for disruption. New vendors can leverage AI to enhance the efficiency of data entry, integration processes, and user experiences, thereby transforming the current system of record (SoR) models into systems of action. With a projected $400 billion annual IT spend on SoR software, the convergence of these trends could herald a significant shift in enterprise software dynamics over the next decade.
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Blueprint for Action: Navigating AI Systems
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