"More than half of the software purchased by companies today could eventually be replaced by AI, Mistral AI CEO Arthur Mensch said in an interview with CNBC."
"We are also seeing with our customers that we can create fully customized applications within a few days to run a workflow - for example, a purchasing workflow or supply chain workflows - in a way that, five years ago, would have required a vertical SaaS solution. This platform change is a great opportunity for us, as we now have more than 100 corporate customers who are also turning to us with a desire to perhaps change and modernize their IT systems - for example, getting rid of things they bought 20 years ago and which are starting to become quite expensive."
Companies are shifting from buying traditional SaaS to building bespoke AI-based applications, potentially replacing over 50% of current SaaS spend. Customized AI applications can be developed in days to automate workflows such as purchasing and supply chain, eliminating the need for vertical SaaS solutions that would have been required five years ago. More than 100 corporate customers are seeking IT modernization, replacing legacy systems purchased two decades ago that have become costly. The platform shift toward AI-native tooling creates opportunities for vendors and alters enterprise software economics, prompting a reevaluation of long-term SaaS investments and IT architecture.
Read at Computerworld
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