SAP has a message for software doomsayers The pendulum will swing back

Image for article SAP has a message for software doomsayers The pendulum will swing back
News Source : Business Insider

News Summary

  • A SAP executive says the "pendulum will swing back" from the SaaSpocalypse.
  • SAP's stock has been down about 20% over the past year amid competition from AI tools.
  • Jan Gilg, SAP's global president of customer success and Americas, told Business Insider that the sell-off was "a bit of an overreaction on the entire industry" Gilg says SAP has been reinventing itself with AI, investing in its data capabilities, and changing its pricing models.
Jan Gilg, SAPs global president of customer success and Americas.SAP A SAP executive anticipates a recovery from the SaaSpocalypse, driven by advances in business AI.

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