AI-Enabled SaaS Growth: 60% of Companies Shifting Towards AI Integration

The rise of artificial intelligence (AI) is reshaping our way of life, work, and interaction worldwide. Advances in automation, data analysis, and decision-making are being driven by AI technologies ranging from machine learning to natural language processing.

The most recent report by worldwide VC firm Bessemer Adventure Accomplices uncovered that almost 60% of unadulterated SaaS (programming as-a-administration) organizations are moving towards becoming man-made intelligence empowered SaaS suppliers. According to the report, the distinctions between traditional SaaS and AI-enabled software are rapidly blurring, with over half of businesses identifying themselves as AI-enabled SaaS and 34% as native SaaS.

According to Tushar Dhawan, a partner at Plus91Labs, AI in software transformation is the foundation that will shape the future and its components.

“AI takes into account crucial aspects like scalability, security, and performance by assisting in software architecture. He told LiveMint that it can simulate the design process and provide valuable insights into how each design decision affects software performance overall.

According to Visakh ST, CTO at Simplify3x, artificial intelligence offers smart solutions that save time and effort, making traditional software testing tasks like defining requirements, developing code, testing, and maintenance simpler.

“AI enables developers to create personalized and effective software solutions that cater to specific requirements by providing in-depth insights into the needs and behavior of the user. "It improves the overall quality and efficacy of software products and saves time and effort," Visakh stated.

According to Dr. Romel Bhattacharjee (PhD), Senior Analyst—Technology Research & Advisory, Aranca, the evolution, fueled by advancements in artificial intelligence (AI), sees software evolving from pre-programmed tools to adaptive, learning entities capable of independent problem-solving and decision-making.

“The cutting-edge software not only automates tasks, but it also anticipates requirements, recognizes opportunities, and even astonishes us with innovative solutions that we could never have imagined. This future is already visible to us in hints: algorithms that compose music, make videos, and even design brand-new materials with properties that have never been seen before," he stated.

Ranjeet Kumar, the CEO and founder of Salescode.ai, stated that it has shifted power from data and information collection to automation software access. The power was expanded and made simpler access to information. However, the intelligence to use the information has been the greater power up until this point.

“From automating transactions and data visibility to enhancing people's competency and behavior with hyper-personalized guidance, coaching, and action points, the exponential power of AI is already transforming the Sales Automation landscape. In the next three years, AI will reimagine all automation created in the past 30 years," he added.

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Source - https://www.livemint.com/technology/tech-news/aienabled-saas-on-rise-as-60-of-companies-shift-towards-ai-integration-11723793936104.html