The Cloud Wars Top 10 are in the thick of quarterly financial reports. The numbers and outlook are making it clear: some investment caution is dissipating.
Salesforce
Integrating generative AI, natural language prompts, large language models, and machine learning augments the power of customer experience applications.
The Cloud Wars Top 10 companies are projected to generate $359.4 billion in cloud revenue in 2023, despite economic challenges, with Microsoft leading at a growth rate of 21.6%, while Oracle is the fastest-growing member with a 38.8% growth rate.
Projected growth rates for the Cloud Wars Top 10 companies in 2023 showcase the sector’s resilience and rapid expansion.
An update on the Cloud Confidence Index, with Amazon, Google, and SAP leading the index higher.
The Cloud Confidence Index uses market caps of top 10 cloud companies as a proxy for business leaders’ confidence in their growth, reflecting customer demand and technology trends. The index is up slightly.
Oracle maintains its position as the world’s hottest major cloud vendor with 54% growth in Q2, followed by Google Cloud at 28% and ServiceNow at 25%.
The four fastest growing cloud vendors’ financial results indicate an upturn in customer spending and preparation for the generative AI revolution.
Salesforce’s evolving strategy prioritizes customer-centric innovation, AI integration, and higher profits. It ranks number 8 on the Cloud Wars Top 10.
Celonis co-CEO Alex Rinke lists scalability, innovation, and embedded knowledge as his firm’s top three differentiators in a discussion for Process Mining Battleground.
Databricks recently acquired MosaicML for $1.3 billion, and the combined firms are poised to develop robust machine learning and generative AI capabilities for enterprises.
AI Index Report episode 3: IBM releases watsonx.ai platform for enterprises; Databricks acquires MosaicML for $1.3 billion; and Amazon announces Amazon CodeWhisperer copilot.
Bob Evans shares his thoughts on Salesforce’s 9% price increase across many of its product lines, and suggests competitors Oracle and SAP will respond aggressively.
Will customers go along with Salesforce’s price increases? If they don’t, that creates new opportunities for Oracle and SAP.
Mercedes-Benz, Ulta, and Toyota are co-creating with leading vendors to leverage AI for extraordinary customer experiences.
The blurring lines between AI and low-code are reshaping software development, as AI complements low-code platforms and expands their capabilities.
J.P. Morgan’s Payments Partner Network and Six Flags’ new payment technology implementations demonstrate the power of ecosystem partnerships for innovation and value creation.
In the Acceleration Economy Cloud Wars Top 10 course, discover how companies, including Celonis, achieve Cloud Wars Horizon designation.
With support for a new environmental, social, and governance reporting framework, Salesforce continues to build out its NetZero Cloud functionality.
Get a preview of our Cloud Wars Top 10 course on how buying committees and C-level executives can use the cloud ranking to support purchase decisions.