"In 30 years, we're going to look back and say 'oh, remember that period of time where those crazy software companies were selling seats for 90 to 95% margins?' We'll look back on that the same way we look back on mercantilism."
"Analytics is about to experience probably the most violent Jevons paradox anybody's seen in a very long time. Today, the cost of asking a question to seeing a chart that tells you what to do... is two weeks, a person, maybe $5,000-$10,000 of salary spent chasing those numbers down."
"With language models, with what we've built... you're looking at an increase of five to six orders of magnitude, all-in."
Ethan Ding views the last decade of SaaS as a historical glitch, predicting that future generations will reflect on the high margins of software companies with disbelief. As CEO of TextQL, he emphasizes the transformative potential of AI in analytics, which will streamline data processes and increase demand for data inquiries. Ding references the Jevons paradox, suggesting that improved efficiency will lead to greater usage. TextQL recently secured $17 million in funding to further develop its AI-driven analytics solutions.
Read at Fortune
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