SaaSletter - More AI + June 2024 B2B AI Interest Index
Our weakest B2B AI Interest Index reading to date
June 2024 B2B AI Interest Index from Cloud Ratings
We’ve updated our B2B AI Interest Index through June 2024 - full slides below:
June represents the first month with negative trends across all core dimensions.
Notably, the thematic Category Interest (i.e. “manufacturing AI” or “security AI”) level registered some weakness after consistent increases:
Bellwether Microsoft Copilot saw a decline, with other “Blue Chips” also declining:
A small decrease for SaaS Incumbents (n=340, same 340 vendors tracked in our SaaS Demand Index):
AI Native apps (n=50) also declined:
Curated AI Content
44% of THL Partners ($17b AUM private equity firm) portfolio has adopted GitHub Copilot (h/t Billy Robins from Jellyfish):
This excerpt of a large pharma CIO’s negative view on the cost/benefit of Microsoft Copilot attracted a lot of attention (via Morgan Stanley’s Q2 2024 CIO Survey transcript):
Insight Partners’ “State Of Enterprise Tech” (65 slides) included good AI coverage, with (my poorly formatted!) mash of excerpts here to get you to the full report:
In RepVue’s excellent Q2 2024 Cloud Sales Index, the “Data + AI” category has the highest quota attainment (50.2% vs 42.7% for broader cloud index)
“The Transaction” Podcast
I recently joined Craig Rosenberg (Head of Platform at Scale Venture Partners) and Matt Amundson (Chief Marketing Officer at Census) on their “The Transaction” podcast.
Matt Amundson’s comments on what he is seeing from AI products on the “street level” aligns with the underwhelming trends in the B2B AI Interest index → if AI products were better, *customer* word of mouth would be stronger than we are seeing - timestamped link here + below:
Full Show Links: VIDEO | AUDIO: All Platforms | Apple Podcasts | Spotify
About Cloud Ratings
In case you missed it, we recently announced a research partnership with G2 - more here:
with this slide showing how our G2-enhanced Quadrants, this newsletter, our podcasts, and our True ROI practice area all fit within our modern analyst firm: