Just when you start to think that the weirdness that will no longer be achieved in 2020, try this scale again: As of this morning, the market value of ServiceNow has jumped to $100 billion, while the market value of its new AI partner IBM has plummeted to $104 billion. .
Positioning power
Yes, in today’s turbulent world, investors have determined that the high-growth ServiceNow and its outstanding digital workflow positioning and functions should be almost on par with the iconic IBM, which is the most famous and most popular in the world for decades. One of the respected brands.
There is no “fair” or “unfair” perspective. This is the entire content of the free market capitalist game. In these games, those with foresight and execution will gain market imagination and confidence by virtue of their ambition and innovation, and thus obtain financial investment in the market.
AI partnership can optimize IT workflow
Companies that do not meet this lofty standard have no choice but to re-enter their work with greater dedication, focus, and customer-centric passion.
The irony for ServiceNow and IBM is that two companies with such distinctly different backgrounds should achieve this market value balance within a few days of launching an innovative partnership around AI-driven digital workflows. Ironically.
ServiceNow’s IT service management products will track historical events within the IT organization and will be used in conjunction with the IBM Watson AI solution to analyze this historical data and enhance the ability to predict and solve future problems.
A deeper partnership is imminent?
Yes, that’s incredible, but I guess this is just the first step in a broader and deeper partnership between the two companies, which allows them to apply the same approach to other areas, including customer service, Cybersecurity and other companies play.
Moreover, from the perspective of market value dynamics, each company can derive unique and potentially high value from the partnership:
- ServiceNow has the opportunity to bring its technologically advanced digital workflow tools to hundreds or thousands of IBM customers worldwide.with
- IBM will not only show some real-world enterprise solutions for Watson, but also work closely with a company that the market sees as the leader of tomorrow’s rapid development.
McDermott’s amazing influence
I guess that the driving force behind this cooperation is Bill McDermott, CEO of ServiceNow. In just one year in this position, ServiceNow has taken an extremely broad journey in terms of market relevance, innovation, growth and visibility.
McDermott and IBM CEO Arvind Krishna produced a 1-minute video When describing the partnership, both leaders talked enthusiastically about the total value they can provide to large customers.
McDermott summarized one of his classic call-to-actions in the video: “For all senior leaders who need to accelerate their pace through digital transformation, if you hear from IBM and ServiceNow, you will know that Arvind and I Send them, we are all united and here to help you!”
Perhaps only in 2020 will we see that the iconic IBM (with annual revenue of more than 7 billion US dollars) needs 4 billion US dollars more ServiceNow than it needs IBM.
The market value is crazy indeed.
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