February 27, 2024 • 21 mins
Today, a session from the AWS for Software Companies Executive Forum at re:Invent, Jeremy Schnieder, Senior Partner at McKinsey & Company, shares some mega trends of the software industry.
Topics Include:
- Software is growing significantly.
- Total value of Enterprise software industry has doubled in the last 5 years
- IT spending rising, SaaS now over 50% of software revenue
- Opportunities & major growth drivers with GenAI
- Shifts balance of internal development and commercial software due to GenAI
- GenAI influenced changes in various market segments
- Tactics that product led sales are using
- Productivity benefits from generative AI-assisted software development
- Productivity metrics for generative AI
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