Category: business process management

April 26, 2019 Off

A new era for enterprise IT

By Jill T Frey

Amidst the newly minted scooter unicorns, ebbs and flows of bitcoin investments and wagers on the price of Uber’s IPO, another trend has shaken up the tech industry: the explosion of enterprise software successes.

Bessemer notes that today there are 55 private companies valued at $1 billion or more compared to zero a decade ago. Proving this isn’t just private market hype, enterprise cloud companies have well-exceeded $500 billion in market cap and are on a path to hit $1 trillion in the next few years.

Whether it’s the masterfully executed IPOs of Zoom and PagerDuty, the imminent Slack IPO, or the mega funding rounds of companies like Asana, Airtable, Front, and many others, the insatiable demand for enterprise cloud deals shows that … Read the rest