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Nick Mehta, Gainsight | CUBE Conversation, April 2020


 

>> Announcer: From theCUBE Studios in Palo Alto and Boston, connecting with thought leaders all around the world, this is a CUBE conversation. >> Hey, welcome back, everybody. Jeff Frick with theCUBE. We're in our Palo Alto Studios on this kind of continuing leadership series that we've put together. Reaching out to the community for tips and tricks on kind of getting through what is, this kind of ongoing COVID crisis and situation as it continues to go weeks and weeks and weeks. And I'm really excited to have one of my favorite members of our community, is Nick Mehta, the CEO of Gainsight. Had the real pleasure of interviewing him a couple times and had to get him on. So Nick, thanks for taking some time out of your very busy day to join us. >> Jeff, honored to be here, thank you. >> Pleasure, so let's just jump into it. One of the reasons I wanted to get you on, is that Gainsight has been a distributed company from the beginning, and so I think the COVID, suddenly everyone got this work from home order, there was no prep, there was no planning, it's like this light switch digital transformation moment. So love to hear from someone who's been doing it for awhile. What are some of the lessons? How should people think about running a distributed company? >> Yeah, it's really interesting, Jeff, 'cause we are just by happenstance, from the beginning, distributed where we have, our first two offices were St. Louis and Hyderabad, India. So two places you cannot get there through one flight. So, you have to figure out how to collaborate asynchronously and then over time, we have offices in the Bay Area. We have tons of people that work from home. And so we try to tell people we don't have a headquarters. The headquarters is wherever you are, wherever you live and wherever you want to work. And so we've always been super flexible about come in to the office if you want, don't come in, et cetera. So different than some companies in that respect. And because of that, pre-COVID, we always a very heavy video culture, lots of video conferencing. Even if some people were in an office, there's always somebody else dialing in. One benefit we got from that is you never had to miss your kids' stuff or your family things. I would go to my daughter's performance in the middle of the day and know I can just dial into a call on the way there. And so we always had that. But what's amazing is now we're all on a level playing field, there's nobody in our office. And I got to say, this is, in some ways, even better 'cause I feel like when you're the person dialed in, and a lot of people are in a room, you probably had that experience, and it feels like you're kind of not on the same playing field, right? Hard to hear the jokes or the comments and you might not feel like you're totally in crowd, so to speak, right? But now everyone's just at their computer, sitting there in a chair all day doing these Zooms and it does feel like it's equalizing a little bit. And what it's caused us to do is say, hey, what are ways we can all recreate that community from home? So as an example, every 7:45 a.m. every day, we have a Zoom call that's just pure joy and fun. Trivia, pets, kids. The employees' kids announce people's birthdays and the weather. And so these ways we've been able to integrate our home and our work that we never could before, it's really powerful. It's a tough situation overall, and we feel for all the people affected. But even in tough situations, there are silver linings, and we're finding 'em. >> Yeah, it's funny, we just had Darren Murph on the other day. I don't know if you know Darren. He is the head of Remote Work at GitLab, and he-- >> Oh, yeah. >> And he talked about kind of the social norms. And one of the instances that he brought up was, back in the day when you had some people in the office, some people joining via remote, that it is this kind of disharmony because they're very different situations. So one of his suggestions was have everybody join via their laptop, even if they're sitting at their desk, right? So, as you said, you get kind of this level playing field. And the other thing which dovetails off what you just said is he always wanted executives to have a forcing function to work from home for an extended period of time, so they got to understand what it's all about. And it's not only looking through a little laptop or this or that, but it's also the distractions of the kids and the dogs and whatever else is happening around the house. So it is wild how this forcing function has really driven it. And his kind of takeaway is, as we, like say, move from can we get it into cloud to cloud first? And does it work on mobile to mobile first? >> Now it's really-- >> Yeah. >> It's really remote first. And if you-- >> Remote first. >> A remote first attitude about it and kind of turn it on it's head, it's why shouldn't it be remote versus can it be remote? It really changes the conversation and the dynamic of the whole situation. >> I love that. And just, GitLab, by the way, has been a true inspiration 'cause they are the most remote, remote company. And they share so much, I love what you said. As just two examples of reacting to what you said, pre-COVID, we always wanted to keep a level playing field. So we actually moved our all-hands meetings to be instead of being broadcast from one room, and you're kind of seeing this small screen with all these people, we all just were at computers presenting. And so everyone's on a level playing field. So I thought what GitLab said is great. And then the other point, I think post-COVID we have learned is the kids and the dogs aren't distractions, they're part of our life. And so embracing those and saying, hey, I see that kid in the background, bring them onto the screen. Even during work meetings, even customer meetings, you know? And I'm seeing, I'm on a customer meeting and the customer's bringing their kids onto the screen and it's kind of breaking this artificial wall between who we are at home and who we are at work 'cause we're human beings all throughout. At Gainsight, we talk about a human first approach to business and we've never been more human as a world than we are right now. >> Love it, love it. So another, get your thoughts on, is this whole idea of measurement and productivity at home. And it's really, I have to say, disturbing to see some of the new product announcements that are coming out in terms of people basically snoopin' on people. Whether it's trackin' how many hours of Zoom calls they're on, or how often are they in the VPN, or having their camera flip on every so many minutes or something. We had Marten Mickos on, who's now the CEO of HackerOne. He was CEO at MySQL years ago before it went to Sun and he had the great line, he said, it's so easy to fake it at the office, but when you're at home and you're only output is your deliverable, it makes it a lot easier. So I wonder if you can share some of your thoughts in terms of kind of managing output, setting expectations, to get people to get their work done. And then, as you see some of these new tools for people that are just entering this thing, it's just not right (chuckles). >> Yeah, I agree with you and Marten. I'm a huge fan of Marten, as well, I totally agree with both of it. And I think there's an older approach to work, which is more like a factory. It's like you got to see how many widgets you're processing and you got to micromanage and you got to monitoring and inspecting. Look, I don't run a factory, so maybe there are places where that model makes sense. So I'm not going to speak for every leader, but I could say if you're in a world where your job is information, services, software, where the value is the people and their knowledge, managing them that way is a losing battle. I go back to, some folks probably know, this famous TED Talk by Dan Pink on basically what motivates people. And in these knowledge worker jobs, it's autonomy, mastery and purpose. So autonomy, we have the freedom to do what we want. Mastery, we feel like we're getting better at jobs. And purpose, which is I have a why behind what I do. And I think, take that time you spend on your micromanagement and your Zoom, analyzing the Zoom sessions, and spend it on inspiring your team, on the purpose. Spend it on enabling your team in terms of mastery. Spend it on taking away barriers so they have more autonomy. I think you'll get way more out of your team. >> Yeah, I agree. I think it's, as Darren said, again, he's like, well, would you trust your people if you're on the fourth floor and they're on the sixth? So just-- >> Yeah, exactly. >> If you don't trust your people, you got to bigger issue than worrying about how many hours they're on Zoom, which is not the most productive use of time. >> People waste so much time in the office, and getting to the office. And by the way, I'm not saying that it's wrong, it's fine too. But it's not like the office is just unfettered productivity all the time, that's a total myth. >> Yes, so let's shift gears a little bit and talk about events. So, obviously, the CUBE's in the event business. We've had to flip completely 'cause all the events are, well, they're all going digital for sure, and/or postponing it or canceling. So we've had to flip and do all dial-ins and there's a whole lot of stuff about asynchronous. But for you, I think it's interesting because as a distributed company, you had Gainsight Pulse as that moment to bring people together physically. You're in the same boat as everybody else, physical is not an option this year. So how are you approaching Gainsight Pulse, both because it's a switch from what you've done in the past, but you at least had the benefit of being in a distributed world? So you probably have a lot of advantages over people that have never done this before. >> Yeah, that's a really interesting, insightful observation. So just for a context, Pulse is an event we do every year to bring together the customer success community. 'Cause, as you observed, there is value in coming together. And so this is not just for our employees, this is for all the customer success people, and actually increasingly product management people out there, coming together around this common goal of driving success for your customers. And it started in 2013 with 300 people, and last year, we had 5,000 people at our event in San Francisco. We had similar events in London and Sydney. And so it's a big deal. And there's a lot of value to coming together physically. But obviously, that's not possible now, nor is it advisable. And we said, okay, how do we convert this and not lose what's special about Pulse? And leverage, like you said, Jeff, the fact that we're good at distributed stuff in general. And so we created what we call Pulse Everywhere. We didn't want to call it Pulse Virtual or something like that, Pulse Webinar, because we didn't want to set the bar as just like, oh, my virtual event, my webinar. This is something different. And we called it Everywhere, 'cause it's Pulse wherever you are. And we joke, it's in your house, it's in your backyard, it's on the peloton, it's walking the dog. You could be wherever you are and join Pulse this year, May 13th and 14th. And what's amazing is last year we had 5,000 people in person, this year we already have 13,000 people registered as of the end of April. And so we'll probably have more than three times the number of people at Pulse Everywhere. And we're really bringing that physical event concept into the virtual, literally with, instead of a puppy pit, where you're in a physical event, you'll bring puppies often, we have a puppy cam where you can see the puppies. We're not giving up on all of our silly music videos and jokes and we actually ship cameras and high-end equipment to all the speakers' houses. So they're going to have a very nice digital experience, our attendees are. It's not going to be like watching a video conference call. It's going to be like watching a TV show, one much like what you try to do here, right? And so we have this amazing experience for all of our presenters and then for the audience. And we're really trying to say how do we make it so it feels like you're in this really connected community? You just happen to not be able to shake people's hands. So it's coming up in a few weeks. It's a big experiment, but we're excited about it. >> There's so many conversations, and we jumped in right away, when this was all going down, what defines a digital event? And like you, I don't like the word virtual. There's nothing fake or virtual. To me, virtual's second to life. And kind of-- >> Yeah. >> Video game world. And like you, we did, it can't be a webinar, right? And so, if you really kind of get into the attributes of what is a webinar? It's generally a one-way communication for a significant portion of the allocated time and you kind of get your questions in and hopefully they take 'em, right? It's not a truly kind of engaged process. That said, as you said, to have the opportunity to separate creation, distribution and consumption of the content, now opens up all types of opportunity. And that's before you get into the benefits of the democratization, as you said, we're seeing that with a lot of the clients we work with. Their registration numbers are giant. >> Totally. >> Because-- >> You're not traveling to spend money, yeah. >> It'll be curious to see what the conversion is and I don't know we have a lot of data there. But, such a democratizing opportunity. And then, you have people that are trying to force, as Ben Nelson said on, you know Ben from Minerva, right? A car is not a mechanical horse, they're trying to force this new thing into this old paradigm and have people sit for, I saw one today, 24 hours, in front of their laptop. It's like a challenge. And it's like, no, no, no. Have your rally moment, have your fun stuff, have your kind of your one-to-many, but really there's so much opportunity for many-to-many. >> Many-to-many. >> Make all the content out there, yeah. >> We've created this concept in this Pulse Everywhere event called Tribes. And the idea is that when you go to an event, the goal is actually partially content, but a lot of times it's connection. And so in any given big event, there's lots of little communities out there and you want to meet people "like you". Might be people in a similar phase of their career, a similar type of company, in our case, it could be companies in certain industry. And so these Tribes in our kind of Pulse Everywhere experience, let people break out into their own tribes, and then kind of basically chat with each other throughout the event. And so it's not the exact same thing as having a drink with people, but at least a little bit more of that serendipitous conversation. >> Right, no, it's different and I think that's really the message, right? It's different, it's not the same. But there's a lot of stuff you can do that you can't do in the physical way, so quit focusing on what you can't do and embrace what you can. So that's great. And good luck on the event. Again, give the plug for it. >> Yeah, it's May 13th and 14th. If you go to gainsightpulse.com you can sign up, and it's basically anything related to driving better success for your customers, better retention, less churn, and better product experience. It's a great event to learn. >> Awesome, so I want to shift gears one more time and really talk about leadership. That's really kind of the focus of this series that we've been doing. And tough times call for great leadership. And it's really an opportunity for great leaders to show their stuff and let the rest of us learn. You have a really fantastic style. You know I'm a huge fan, we're social media buddies. But you're very personable and you're very, kind of human, I guess, is really the best word, in your communications. You've got ton of frequency, ton of variety. But really, most of it has kind of this human thread. I wonder if you can share kind of your philosophy behind social, 'cause I think a lot of leaders are afraid of it. I think they're afraid that there is reward for saying something stupid is not worth the benefit of saying okay things. And I think also a lot of leaders are afraid of showing some frailty, showing some emotion. Maybe you're a little bit scared, maybe we don't have all the answers. And yet you've really, you're not afraid at all. And I think it's really shines in the leadership activities and behaviors and things you do day in and day out. So how do you think about it? What's your strategy? >> Yeah, it's really interesting you ask, Jeff, because I'm in a group of CEOs that get together on a regular basis, and I'm going to be leading a session on social media for CEOs. And honestly, when I was putting it together, I was like, it's 2020, does that still need to exist? But somehow, there is this barrier. And I'll talk more about it, but I think the barrier isn't just about social media, it's just about how a CEO wants to present herself or himself into the world. And I think, to me, the three things to ask yourself are, first of all, why? Why do you want to be on social media? Why do you want to communicate to the outside? You should have a why. Hopefully you enjoy it, but also you're connecting from a business perspective with your customers. And for us, it's been a huge benefit to really be able to connect with our customers. And then, who are you targeting? So, I actually think an important thing to think about is it's okay to have a micro-audience. I don't have millions of Twitter followers like Lady Gaga, but within the world of SaaS and customer success and retention, I probably have a decent number. And that means I can really connect with my own specific audience. And then, what. So, the what is really interesting 'cause I think there's a lot of non-obvious things about, it's not just about your business. So I can tweet about customer success or retention and I do, but also the, what, about you as an individual, what's happening in your family? What's happening in the broader industry, in my case of SaaS? What's happening in the world of leading through COVID-19? All the questions you've asked, Jeff, are in this lens. And then that gets you to the final which is the, how. And I think the, how, is the most important. It's basically whether you can embrace the idea of being vulnerable. There's a famous TED Talk by Brene Brown. She talks about vulnerability is the greatest superpower for leaders. I think the reason a lot of people have a hard time on social media, is they have a hard time really being vulnerable. And just saying, look, I'm just a human being just like all of you. I'm a privileged human being. I have a lot of things that luckily kind of came my way, but I'm just a human being. I get scared, I get anxious, I get lonely, all those things. Just like all of you, you know. And really being able to take off your armor of, oh, I'm a CEO. And then when you do that, you are more human. And it's like, this goes back to this concept of human first business. There's no work persona and home persona, there's just you. And I think it's surprising when you start doing it, and I started maybe seven, eight, nine years ago, it's like, wow, the world wants more human leaders. They want you to just be yourself, to talk about your challenges. I had the kids, when we got to 13,000 registrations for Pulse Everywhere, they pied me in the face. And the world wants to see CEOs being pied in the face. Probably that one, for sure, that's a guaranteed crowd pleaser. CEOs being pied in the face. But they want to see what you're into outside of work and the pop culture you're into. And they want to see the silly things that you're doing. They want you to be human. And so I think if you're willing to be vulnerable, which takes some bravery, it can really, really pay off for your business, but I think also for you as a person. >> Yeah, yeah. I think it's so insightful. And I think people are afraid of it for the wrong reasons, 'cause it is actually going to help people, it's going to help your own employees, as well, get to know you better. >> Totally, they love it. >> And you touched on another concept that I think is so important that I think a lot of people miss as we go from kind of the old broadcast world to more narrow casting, which is touching your audience and developing your relationship with your audience. So we have a concept here at theCUBE that one is greater than 1% of 100. Why go with the old broadcast model and just spray and you hope you have these really ridiculously low conversion rates to get to that person that you're trying to get to, versus just identifying that person and reaching out directly to those people, and having a direct engagement and a relative conversation within the people that care. And it's not everybody, but, as you said, within the population that cares about it it's meaningful and they get some value out of it. So it's a really kind of different strategy. So-- >> I love that. >> You're always get a lot of stuff out, but you are super prolific. So you got a bunch of projects that are just hitting today. So as we're getting ready to sit down, I see you just have a book came out. So tell us a little bit about the book that just came out. >> Sure, yeah, it's funny. I need to get my physical copy too at my home. I've got so a few, just for context. Five years ago, we released this first book on "Customer Success" which you can kind of see here. It's surprising really, really popular in this world of SaaS and customer success and it ties, Jeff, to what you just said which is, you don't need to be the book that everyone in the world reads, you need to be the book that everyone in your world reads. And so this book turned out to be that. Thousands of company management teams and CEOs in software and SaaS read it. And so, originally when this came out, it was just kind of an introduction to what we call customer success. Basically, how do you retain your customers for the long-term? How do you get them more value? And how do you get them to use more of what they've bought and eventually spend more money with you? And that's a mega-trend that's happening. We decided that we needed an update. So this second book is called "Customer Success Economy." It just came out, literally today. And it's available on Amazon. And it's about the idea that customer success started in tech companies, but it's now gone into many, many industries, like healthcare, manufacturing, services. And it started with a specific team called the customer success management team. But now it's affecting how companies build products, how they sell, how they market. So it's sort of this book is kind of a handbook for management teams on how to apply customer success to your whole business and we call it "Customer Success Economy" 'cause we do think the future of the economy isn't about marketing and selling transactional products, but it's about making sure what your customers are buying is actually delivering value for them, right? That's better for the world, but it's also just necessary 'cause your customers have the power now. You and I have the power to decide how to transport ourselves, whether it's buying a car or rideshare, in the old world when we could leave our house. And we have the power to decide how we're going to stay in a city, whether it's a hotel or Airbnb or whatever. And so customers have the power now, and if you're not driving success, you're not going to be able to keep those customers. And so "Customer Success Economy" is all about that. >> Yeah, and for people that aren't familiar with Gainsight, obviously, there's lots of resources that they can go. They should go to the show in a couple weeks, but also, I think, the interview that we did at PagerDuty, I think you really laid out kind of a great definition of what customer success is. And it's not CRM, it has nothing to do with CRM. CRM is tracking leads and tracking ops. It's not customer success. So, people can also check that. But I want to shift gears again a little bit because one, you also have your blog, MehtaPhysical, that came out. And you just came out again recently with a new post. I don't know when you, you must have a army of helper writers, but you talk about something that is really top of mind right now. And everyone that we get on theCUBE, especially big companies that have the benefit of a balance sheet with a few bucks in it, say we want to help our customers, we want to help our people be safe, obviously, that's first. But we also want to help our customers. But nobody ever really says what exactly does that mean? And it's pretty interesting. You lay out a bunch of things that are happening in the SaaS world, but I jumped on, I think it's number 10 of your list, which is how to think about helping your customers. And you give some real specific kind of guidance and guidelines and definitions, if you will, of how do you help our customers through these tough times. >> Yeah, so I'll summarize for the folks listening. One of the things we observed is, in this terrible tough times right now, your customers are in very different situations. And for simplicity, we thought about three categories. So the companies that we call category one, which are unfortunately, adversely affected by this terrible crisis, but also by the shutdown itself, and that's hotels, restaurants, airlines, and you can put other folks in that example. What do those customers need? Well, they probably need some financial relief. And you have to figure out what you're going to do there and that's a hard decision. And they also just need empathy. It's not easy and the stress level they have is massive. Then you've got, on the other extremes, a small number of your customers might be doing great despite this crisis or maybe even because of it, because they make video conferencing technology or remote work technology, or they make stuff for virtual or telemedicine. And those folks actually are likely to be super busy because they're just trying to keep up with the demand. So what they need from you is time and help. And then you got the people in between. Most companies, right, where there may be a mix of some things going well, some don't. And so what we recommended is think about your strategy, not just inside out, what you want, but outside in, what those clients need. And so as an example, you might think about in that first category, financial relief. The second category, the companies in the middle, they may need, they may not be willing to spend more money, but they may want to do more stuff. So maybe you unlock your product, make it available, so they can use everything in your suite for a while. And maybe in that third category, they're wiling to spend money, but they're just really busy. So maybe you offer services for them or things to help them as they scale. >> Yeah, so before I let you go, I just want to get your reaction to one more great leader. And as you can tell, I love great leaders and studying great leaders. Back when I was in business school we had Dave Pottruck, who at that time was the CEO of Schwab, come and speak and he's a phenomenal speaker and if you ever get a chance to see him speak. And at that point in time, Schwab had to reinvent their business with online trading and basically kill their call-in brokerage for online brokerage, and I think that they had a fixed price of 19.99, whatever it was. This was back in the late 90s. But he was a phenomenal speaker. And we finished and he had a small dinner with a group of people, and we just said, David, you are a phenomenal speaker, why, how, why're you so good? And he goes, you know, it's really pretty simple. As a CEO, I have one job. It's to communicate. And I have three constituencies. I kind of have the street and the market, I have my internal people, and then I have my customers and my ecosystem. And so he said, I, and he's a wrestler, he said, you know I treated it like wrestling. I hired a coach, I practiced my moves, I did it over and over, and I embraced it as a skill and it just showed so brightly. And it's such a contrast to people that get wrapped around the axle with their ego, or whatever. And I think you're such a shiny example of someone who over communicates, arguably, in terms of getting the message out, getting people on board, and letting people know what you're all about, what the priorities are, and where you're going. And it's such a sheer, or such a bright contrast to the people that don't do that that I think is so refreshing. And you do it in a fun and novel and in your own personal way. >> That's awesome to hear that story. He's a inspirational leader, and I've studied him, for sure. But I hadn't heard this specific story, and I totally agree with you. Communication is not something you're born with. Honestly, you might know this, Jeff, or not, as a kid, I was super lonely. I didn't really have any friends and I was one of those kids who just didn't fit in. So I was not the one they would pick to be on stage in front of thousands of people or anything else. But you just do it over and over again and you try to get better and you find, I think a big thing is finding your own voice, your own style. I'm not a super formal style, I try to be very human and authentic. And so finding your style that works for you, I agree, it's completely learnable. >> Yeah, well, Nick, thank you. Thanks for taking a few minutes. I'm sure you're super, super busy getting ready for the show in a couple weeks. But it's always great to catch up and really appreciate you taking some time to share your thoughts and insights with us. >> Thank you, Jeff, it's an honor. >> All right, he's Nick Mehta, I'm Jeff Frick. You're watching theCUBE. Thanks for watching, we'll see you next time. (soft music)

Published Date : Apr 30 2020

SUMMARY :

all around the world, this And I'm really excited to have One of the reasons I wanted to get you on, And I got to say, this is, I don't know if you know Darren. back in the day when you had And if you-- and the dynamic of the whole situation. reacting to what you said, And it's really, I have to And I think, take that time you spend well, would you trust your people If you don't trust your And by the way, I'm not So how are you approaching And leverage, like you said, Jeff, and we jumped in right away, of the democratization, as you said, to spend money, yeah. And then, you have people And so it's not the exact same thing And good luck on the event. and it's basically anything related and things you do day in and day out. And I think, to me, the three things get to know you better. And it's not everybody, but, as you said, I see you just have a book came out. and it ties, Jeff, to what you just said And you just came out again And you have to figure out And it's such a contrast to And so finding your and really appreciate you taking some time we'll see you next time.

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Ganesh Subramanian, Gainsight | Comcast CX Innovation Day 2019


 

>> From the heart of Silicon Valley, it's the CUBE, covering COMCAST Innovation Day, brought to you by COMCAST. >> Hey welcome back here ready Jeff Frick here with the CUBE. We're at the COMCAST Silicon Valley Innovation Center. You know there's innovation centers all over Silicon Valley we hadn't been to the COMCAST one until we came to this event, it's very very cool, I think it's like five storeys in this building, where they're developing a lot of new technologies, partnering with technologies, but today the focus is on customer experience, brought together a panel of people to talk about some of the issues, and we're excited to have a representative from a company that's really out on the edge of defining customer experience, and measuring customer experience, joined by Ganesh Subramanian. He is the senior director of product marketing for Gainsight. Ganesh, great to see you. >> Great, happy to be here. >> Yeah, so I'm a huge Nick Mehta fan, I've interviewed him before I've been following Gainsight for a long time and you know, it really struck me the first time that, that Nick said you know CRM is you know, basically order management. It's not customer relationship management, you know customer relationships are complicated, and they're multi-faceted and there's lots of touch points and you guys really try to build a solution to help customers manage, actually do manage that relationship so they have a great experience with their customer. >> Yeah that's totally right, and not to say that CRM isn't an important ingredient when you make that cake, but there's a lot of other touchpoints right? How are people interacting with your digital products? What is that customer journey across sales, services, support? How does all of that come together? So what Gainsight does is really provide the customer cloud to bring all of those solutions together so that businesses can really operate in a more customer-centric way. >> So you, you said an interesting thing earlier in the conversation about customer success being measured just by revenue, again kind of the CRMy kind of approach to worth versus measuring success and measuring lifetime value and measuring so many other things that can define a great relationship. What are some of those things that people should be thinking about? What are some of those other metrics out there beyond you know, did I get a, you know, a net increase value of my contract? >> Yeah absolutely you know one way we think about it at Gainsight is the two-by-two of customer experience and customer outcomes. So, you can think about experience just as how happy are people on a day-to-day basis interacting with you, your products, your organization, your team? The flipside's also true though. You can have the happiest customer, that isn't getting what they want out of their product or service. In a B2B context we think about it as tangible ROI or outcomes. So at Gainsight we're ultimately trying to make sure our clients are delivering on both of those vectors. They want happy, successful clients, ultimately that's going to lead to the recurring revenue cycle: retention, growth, adoption and advocacy. >> So where does that kind of tie together? 'Cause I'm sure there's a lot of people that think those are in conflict right? That if I bend over backwards and I provide this great experience and these great services and all these things that this is going to negatively impact my profitability, it's going to negatively impact my transactional value. How should they be measuring those things? How should they be balancing, 'cause 'cause, you know, you can sell dollars for 90 cents, have a really happy customer, not going to be in business very long. >> Yeah I think that's kind of the secret sauce right? True innovation, what we talked about today at COMCAST, a lot about, how do you take that next step forward? How do you improve your products and services in ways that make customers, customers for life? Right, and if you make the right investments, you actually find out that maybe it's, it's minor change, maybe it's process change in your call center or call service, maybe it's implementing AI in an appropriate way, so that you're able to deliver more value with less time, or maybe it's transformative, maybe it's something that's a new service you're offering all together, that's making customers get outsized or unrealized returns on their investment. Well, it doesn't matter what that investment was, if it's going to long term drive your company to higher valuations and greater competitive differentiation. So we don't think about customer experience on kind of below the line, what's going to get me the incremental ROI, we really think about it as a fundamental differentiator for your business. >> Right. Now you're in charge of, of kickin' off new products. >> That's right. >> And you know one of the things I think is really interesting about the COMCAST voice, which has had a lot of conversation today, is I still get emails from COMCAST telling me how I should use it! Right 'cause it's a different behavior, it's a different experience that I'm not necessarily used to. As you look forward, you know introducing new products, what are some of the, the kind of trends that you're keepin an eye on, what do you think is going to kind of change and impact some of the things you guys are bringing to market? What are some of the new things we should be thinking about in customer experience? >> Yeah absolutely. So one thing at Gainsight, one thing we've learned leading the customer success movement is that to be customer-centric is more than a given function, or a given team, customer success managers kind of took the mantle in B2B and started leading the charge, leading the way towards being more customer-centric but that team on their own can't do everything. Nor do they want to, or can they, right? So, one big change and one big innovation that we're leading the front on is how do you bring all those different teams together? Which is why we launched the Gainsight customer cloud. So what we're doing is we're bringing disparate data together, that used to be silohed in functional specific software, bring that into a single source of truth, to truly provide an actionable customer 360, one that provides meaning to different teams with the right context, and then drive action off of that. So whether it's an automated email to get, improve product adoption in the COMCAST example, or maybe it's some kind of escalation effort, where you need a cross-functional team to get together on the same page, to improve a red customer, or maybe it's something that's in the product itself, by just making the product easier to use or a little bit more intuitive, the, all of your end users will end up benefiting from that. What Gainsight's tryna do is to try figure out, how can we break down these walls across these different teams, make it easier for people to collaborate to improve the customer experience. >> So Ganesh I got to tease you right, 'cause everyone's eyes just rolled out when you said 360 view of the customer right, we've been talking about this forever. >> Yeah. >> So what's different, you know, what's different today? Not specifically for what you're tryna do with your product and share that too, but more generally, that, that we're getting closer to that vision. >> Yeah. >> That we're actually getting closer to delivering on, on the promise of a 360 view, and information from that view that will enable us to take positive action? >> I love that question, and I think whenever you hear the word 360 view or digital transformation, you're going to get a couple eye-rolls in the crowd right? And, I actually totally believe that, that, you know, to date I think we've done things in too much of a waterfall methodology. Let's spend three years, get a unified idea across all our disparate data sources, and then we're going to be customer-centric. I think we've learned our lessons over the course of time that, hey you know, the end result doesn't really materialize in the time frame and ROI you expected, so why don't we start with the other end of the spectrum? What are the gaps that customers are perceiving? If it's just, let me, go back to that example of product ease of use. Are we identifying that as a major gap? Then how do we go solve that? How do we reverse engineer that process? And by the way that doesn't just fall on the product team to make the product easier, services need to onboard customers more effectively, you need documentation so that they can access and understand the key aspects of your product in a more concrete way. So all of that needs to come together. So I think the biggest difference between what we used to talk about, with 360s and digital transformation, to where we are today, is really the context and the outcome you're trying to deliver, and then reverse engineer the 360 that's most meaningful to you. So to make that a little bit more clear, what does that mean at the grassroots level? If you're a services team member you're working on projects. Does a 360 view about the next opportunity from a financial or commercial perspective really matter to you? How far down in that 360 view do you have to scroll before you start seeing information that's relevant? So at Gainsight what we're trying to do is use a many-to-many relationship mapping so that if you're a services team member, or a sales member, the view you're accessing is curated to what you need to actually do. >> Right. >> And that'll drive adoption of the digital transformation efforts within your organization. >> Right. Which then obviously opens up the opportunity for automation and AI and ML to, as you said, context is so important to make sure the right information is getting to the right person at the right time for the context of the job that I have and building that customer relationship. >> That's right. Yeah we think about AI all the time how's that going to improve the customer experience? It starts with that data foundation and understanding hey what should we own and what should we leverage? And being very conscious about what you're about to do, and then second, thinking about those point problems and, again, reverse engineering how can we staff augment, or make the experience better, maybe make the lives of our employees a little bit better, when they're engaging with customers. Ultimately it's got to be in service of people. >> Right. Well Ganesh thanks for sharing your story. Again I think what you guys are doing, and Nick and Gainsight is so important in terms of redefining this beyond order management, and to actually customer relationship management. >> So, >> That's right. >> Thanks for spending a few minutes with us. >> Awesome. >> My pleasure. >> All - >> All right. >> Thank you. >> He's Ganesh I'm Jeff you're watching the CUBE we're at the COMCAST Innovation Center in Silicon Valley. Thanks for watching we'll see you next time.

Published Date : Nov 5 2019

SUMMARY :

brought to you by COMCAST. of the issues, and we're excited to have a representative and you guys really try to build a solution to help What is that customer journey again kind of the CRMy kind of approach to worth at Gainsight is the two-by-two and all these things that this is going to if it's going to long term drive your company Now you're in charge of, of kickin' off new products. and impact some of the things is that to be customer-centric So Ganesh I got to tease you right, So what's different, you know, what's different today? is curated to what you need to actually do. And that'll drive adoption of the digital transformation the right information is getting to the right person how's that going to improve the customer experience? Again I think what you guys are doing, Thanks for watching we'll see you next time.

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Nick Mehta, Gainsight | PagerDuty Summit 2017


 

>> Hey, welcome back everybody. Jeff Frick here with theCUBE. We're at PagerDuty Summit in Downtown San Francisco. Actually, out on the wharf. It's called Pier 27, never been here before. Pretty cool venue between Pier 39 and the Bay Bridge. We're excited to have a very seasoned Silicon Valley veteran, Nick Mehta. He's the CEO of Gainsight, but look at his LinkedIn profile. He's been on startups, he's been at venture capital companies and now we hear you might may be growing a little unicorn thingy out of your head after that last round. (Nick laughs) >> I don't know about unicorn-- >> Nick, great to see you. >> But a gray hair, for sure. Seasoned, I think just means gray hair, so. >> Absolutely. >> That's growing in my head for sure. >> For people who aren't familiar with Gainsight, give them the basic overview. >> Sure, Jeff. At Gainsight, we really believe that almost every business model is shifting to ones where customers have more power. Therefore, you can't afford to just sell a customer and move on, and for a long time, businesses, the vendors had all the power. You sell a software product or hardware, you sell a device, and once the customer has it, it's up to them whether they get value. Gainsight, we're trying to help enable a shift to this concept we call customer success, where companies have to own whether or not their customers are getting value, whether they're getting the outcomes they want, whether they're using the stuff they buy, and we build a software product, a SAS application, that helps companies make sure everyone in your company is orienting your customers towards getting more value, and in the process, get them to stay with you longer, spend more money with you, and become bigger fans of your company. >> Right, I imagine a lot of people might confuse it with CRN. >> Right. >> Customer relation management and there's a big 60 storey building going up. >> I've seen the building, and we love those guys. Think of us as an adjacent product to what you might do with a Salesforce automation product like salesforce.com. We actually integrate very tightly with Salesforce, as an example, they're an investor in Gainsight. As you're managing sales with your Salesforce, you're managing your support team, you're managing other systems. How do you manage your customers and make sure they're getting value, make sure they're going to stay with you and grow over time? That's what Gainsight does. >> It's really interesting, 'cause people have been talking about the 360 degree view of the customer forever, but that's the challenge you guys went directly after with your application. >> Yeah, it's funny. That's right. I think, for a long time, people were trying to solve 360 view of the customer, but what they were really solving was 360 view of the deal, 'cause it was all about the sale, and the sale is important, it's still very important, right? It was about marketing leads and who I'm selling to and who has power and those are all really important things but now if you think about a world where the customer has power, you've got to look at 360 view of the customer. Are they getting the outcomes they're looking for? Are they adopting and using what they bought? Are they having a good experience? It's a totally different pivot on the world. It's about the customer, not the deal. >> It's interesting too to parallel that with just SAS and Cloud, because when you have a SAS relationship with a client and an ongoing subscription revenue model, you have to keep delivering value, you have to make sure they're going to pay you next month and the month after and the month after. It's not just a sell it and walk away. >> That's exactly right, Jeff. As you know, first of all, it's way cheaper to keep and grow an existing customer than to go get a new one, and because of that, the SAS business model depends on actual high retention rates. People talk about gross retention rate, basically, "Are you keeping the customers you've got?" And then also your net retention rate, are they spending more money with you over time? And the most successful SAS companies, the highest valued ones, are keeping their customers and getting them to spend more money, so that's one of the most important value drivers in SAS. >> I'm curious, when you guys deploy into a new company, a new customer, what are some of the early a-has that you just see over and over and over again that they just miss before they had this view? >> Totally, so number one is almost every company feels today like they're reactive. They find out about things but very late. A customer leaving them, somebody unhappy, a missed sales opportunity, so number one is just getting your organization to be more proactive. Number two, how do you get everyone in the company aligned around the customer? You might have somebody that cares about that one customer, but that customer is talking to support, they're working with your services team, they're going through training. How do you get everyone aligned around the customer and really have a good view across your whole organization so they're all marching for that? Number three, the third a-ha, is how do you scale that? You might have 100 customers, you might have 1,000, you might have a million. How do you scale the right approach with the right customer, whether it's a human outreach or whether it's a fully digital experience, which we can do both, of course. >> What about, there's customers that are in your sales book as a company, but then there's individuals, right, that you're interacting with. >> That's right. >> And in a big company to (mumbling) a relationship, it's not just two companies. It's thousands, or hundreds of thousands of people that are interacting at a bunch of different levels. >> I'm so glad you said that. >> How do you integrate that in? >> Yeah, totally, it's funny, because if you have a big customer and somebody says, "Is your big customer happy or not?" There's no one answer to that question. There might be one part that loves you, another part that doesn't like you, one part that's rolling out, one part that's using some new stuff, one part that's not using anything, and so you have to be able to break up that company in a lot of little pieces, we call those relationships, and then measure each of those differently and be able to drive each of those forward. So, you're totally right. It's not about one company, it's about a lot of little customers within that big customer. >> Right, now you bought into Cloud early in. I think you were actually at a VC firm looking at Cloud and obviously you're at Gainsight and SAS Application. As you look forward, you just got off a panel, what's next? Where do you see the next big evolution or revolution, if you will, in the way IT services and software are delivered? >> Totally, I think the biggest thing that's happening right now is that Cloud is just a delivery vehicle, I think everyone knows that. SAS is kind of table stakes. Mainstream companies are saying, how do I reinvent my core business by shifting to these business models that are digitally enabled? People call that digital transformation. That's what this panel we just did was all about. That's happening not just in Silicon Valley, that's happening in manufacturers and retailers and financial services companies. When they do that, they're rethinking everything about what they do, how they manage product development, how they actually sell, and also the customer experience, which is where we come in. We think the biggest thing is kind of obvious, it's digital transformation. Underneath that, you can leverage all kinds of new technologies whether it's artificial intelligence, machine learning, bots. But the transformation of mainstream businesses is happening at a rapid speed right now. >> I want to get one last point before we let you go, the impact of social, direct social back to these big companies. My favorite one is Comcast Cares. Every time my internet goes down, I jump on and I tweet-- >> Nick: Oh my God. >> Give my internet back! >> I feel for those Comcast Cares social people. They deal with a lot of mean words. >> No, this is not Xfinity Cares, this is Comcast Cares. But it's a really interesting paradox for companies, because people can reach out directly in kind of a semi public forum, which it wasn't, you know, just calling the 1800 number. How are they integrating that into this customer relationship management? >> Oh my God, we talk about the fact that customers have more power and they have bigger voices. One customer has a much bigger voice than they ever did, and so you have this amazing opportunity to either create a great advocate who could bring you new customers and new sales, or create all these detractors. I think that that public voicing of customer experience has made CEOs much more aware of why it matters. Before, a customer has a bad experience, they type up a letter and mail it to some office that nobody ever reads, and now, this CEO is seeing on her or his Facebook or Twitter feed or LinkedIn the customer upset, and I think that's making them much more aware of customer experience being really important. >> Right, right, and are you seeing, it's interesting to me, there's some senior executives, Michael Dell, Beth Comstock, just picked two out of the hat, that are super active on social-- >> Nick: Oh my gosh, yeah. >> Directly engaging with their community. There's other big companies, which I won't name, where people don't even have a LinkedIn account-- >> That's right. >> Much less a Twitter account. Is there a direct correlation that you're seeing between embracing a direct engagement with your community versus, "Eh, I don't want to say anything bad," which I think, it's either or the other. >> Yeah, I empathize with the fear, because I think people worry about saying something bad, so I get it. I think it's definitely misguided and kind of backwards. You can't stick your head in the sand anymore. Take somebody like Marc Benioff, who's so great at this, and he's on Twitter, he's advocating for causes. He's taking, maybe, controversial stands in some cases, but he's putting himself out there and he cares about his customers. Same thing with Michael Dell, same thing with Beth Comstock. There's so many great CEOs out there, so honestly, at this point, if you're not out there, you look like you have something to hide, right? (laughter) Which is not good. >> Which is not good. Alright, Nick, thanks for taking-- >> Thanks so much, Jeff. >> A few minutes, and congratulations. I saw you were a Top 50 SAS CEO of 2017, and continued success at Gainsight. >> I don't know how I made that list, but I felt honored, so thank you so much. >> Absolutely. >> I really appreciate it. >> We'll see you next time. He's Nick Mehta, I'm Jeff Frick. You're watching theCUBE from PagerDuty Summit 2017. Thanks for watching.

Published Date : Sep 8 2017

SUMMARY :

companies and now we hear you might may be growing But a gray hair, for sure. For people who aren't familiar with Gainsight, and in the process, get them to stay with you longer, might confuse it with CRN. and there's a big 60 storey building going up. make sure they're going to stay with you and grow over time? but that's the challenge you guys went directly after and the sale is important, it's still very important, right? they're going to pay you next month are they spending more money with you over time? How do you get everyone aligned around the customer that you're interacting with. And in a big company to (mumbling) a relationship, and so you have to be able to break up that company I think you were actually at a VC firm looking at Cloud Underneath that, you can leverage all kinds I want to get one last point before we let you go, They deal with a lot of mean words. which it wasn't, you know, just calling the 1800 number. and so you have this amazing opportunity to either Directly engaging with their community. embracing a direct engagement with your community versus, you look like you have something to hide, right? Which is not good. I saw you were a Top 50 SAS CEO of 2017, so thank you so much. We'll see you next time.

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Wrap Up | ServiceNow Knowledge18


 

>> Narrator: Live from Las Vegas, it's the CUBE covering ServiceNow Knowledge 2018. Brought to you by ServiceNow. >> Welcome back everyone, we are wrapping up three big days of the CUBE's live coverage of ServiceNow Knowledge 18. I'm your host Rebecca Knight along with my cohost Dave Vellante and Jeffrick. It has been such fun co-hosting with you both. It's always a ghast to be with you so three days, what have we learned? We've learned we're making the world of work work better for people. Beyond that what do you think? >> New branding you know there which I think underscores ServiceNow's desire to get into the C-Suite. Become a strategic partner. Some of the things we heard this week, platform of platforms. The next great enterprise software company is what they aspire to, just from a financial standpoint. This company literally wants to be a hundred billion dollar valuation company. I think they got a reasonable shot at doing that. They're well on their way to four billion dollars in revenue. It's hard to be a software company and hit a billion. You know the number of companies who get there ar very limited and they are the latest. We're also seeing many products, one platform and platforms in this day and age beat products. Cloud has been a huge tailwind for ServiceNow. We've seen the SaaSification of industries and now we're seeing significant execution on the original vision at penetration into deeply into these accounts. And I got to say when you come to events like this and talk to customers. There's amazing enthusiasm as much of if not more than any show that we do. I mean I really got, what's your take? >> We go to so many shows and it's not hard to figure out the health of a show. Right you walk around the floor, what's the energy, how many people are there? What's the ecosystem I mean, even now as I look around we're at the very end of the third day and there is action at most of the booths still. So it's a super healthy ecosystem. I think it grew another 4,000 people from this year of the year of year growth. So it's clearly on the rise. SaaS is a big thing, I think it's really interesting play and the kind of simple workflow. Not as much conversation really about the no code and the low code that we've heard in the past. Maybe they're past that but certainly a lot of conversation about the vertical stack applications that they're building and I think at the end of the day. We talked about this before, it's competition for your screen. You know what is it that you work in everyday. Right if you use, I don't care what application. SalesForce or any SaaS application which we all have a lot of on our desktop today. If you use it as a reporting tool it's a pain. It's double entry, it's not good. But what is the tool that you execute your business on everyday? And that's really a smart strategy for them to go after that. The other thing that I just think is ripe and we talked about a little bit. I don't know if they're down playing it because they're not where they want to be at or they're just downplaying it but the opportunity for machine learning and artificial intelligence to more efficiently impact workflows with the data from the workflow is a huge opportunity. So what was a bunch of workflows and approvals and this and that should all get, most of it should just get knocked out via AI over a short period of time. So I think they're in a good spot and then the other thing which we hear over and over. You know Frank Slootman IT our homies I still love that line. But as has been repeated IT is everywhere so what a great way to get into HR. To get into legal, to get into facilities management, to get into these other things. Where like hey this is a really cool efficient little tool can I build a nice app for my business? So seemed to be executing on that strategy. >> Yeah CJ just said IT will always be at our core. Rebecca the keynote was interesting. It got mixed reviews and I think part of that is they're struggling we heard tat from some of our guests. There's a hybrid audience now. You got the IT homies, you got the DevOps crowd and then you got the business leaders and so the keynote on day one was really reaching an audience. Largely outside of the core audience. You know I think day two and day three were much more geared toward that direct hit. Now I guess that's not a bad thing. >> No and I think that I mean as you noted it's a hybrid audience so you're trying to reach and touch and inspire and motivate a lot of different partners, customers, analysts. People who are looking at your business in a critical way. The first day John Donahoe it struck me as very sort of aspirational. Really talking about what is our purpose, what do we do as an organization. What are our values, what problems are we trying to solve here and I think that that laying out there in the way that he did was effective because it really did bring it back to, here's what we're about. >> Yeah the other thing I learned is succession has been very successful. Frank Slootman stepped down last year as CEO. He's maintained his chairman title, he's now stepped down as chairman. Fred kind of you know went away for a little while. Fred's back now as chairman. John Donahoe came in. People don't really put much emphasis on this but Fred Luddy was the chief product officer. Dan McGee was the COO, CJ Desai took over for both of them. He said on the CUBE. You know you texted me, you got big shoes to fill. He said I kept that just to remind me and he seems to have just picked up right where those guys left off. You know Pat Casey I think is understated and vital to the culture of this company. You know Jeff you see that, he's like a mini Fred you know and I think that's critical to maintain that cultural foundation. >> But as we said you know going the way that Pat talked about kind of just bifurcation in the keynote and the audiences in the building and out of the building. Which I've never heard before kind of an interesting way to cut it. The people that are here are their very passionate community and they're all here and they're adding 4,000 every single year. The people that are outside of the building maybe don't know as much about it and really maybe that aspirational kind of messaging touched them a little bit more cause they're not into the nitty gritty. It's really interesting too just cause this week is such a busy week in technology. The competition for attention, eyeballs and time. I was struck this morning going through some of our older stuff where Fred would always say. You know I'm so thankful that people will take the time to spend it with us this week. And when people had choices to go to Google IO, Microsoft build, of course we're at Nutanix next, Red Hat Summit I'm sure I'm missing a bunch of other ones. >> Busy week. >> The fact that people are here for three days of conference again they're still here is a pretty good statement in terms of the commitment of their community. >> Now the other thing I want to mention is four years ago Jeff was I think might have been five years ago. We said on the CUBE this company's on a collision course with SalesForce and you can really start to see it take shape. Of the customer service management piece. We know that SalesForce really isn't designed for CSM. Customer Service Management. But he talked about it so they are on a collision course there. They've hired a bunch of people from SalesForce. SalesForce is not going to rollover you know they're going to fight hard for that hard, Oracle's going to fight hard for that. So software companies believe that they should get their fair share of the spend. As long as that spend is a 100%. That's the mentality of a software company. Especially those run by Marc Benioff and Larry Ellis and so it's going to be really interesting to see how these guys evolve. They're going to start bumping into people. This guy's got pretty sharp elbows though. >> Yeah and I think the customer relation is very different. We were at PagerDuty Summit last right talked to Nick Meta who just got nominated for entrepreneur of the year I think for Ink from GainSight and he really talked about what does a customer management verses opportunity management. Once you have the customer and you've managed that sale and you've made that sale. That's really were SalesForce has strived in and that's we use it for in our own company but once you're in the customer. Like say you're in IBM or you're in Boeing. How do you actually manage your relationship in Boeing cause it's not Boeing and your sales person. There's many many many relationships, there's many many many activities, there's somewhere you're winning, somewhere you're losing. Somewhere you're new, somewhere you're old and so the opportunity there is way beyond simply managing you know a lead to an opportunity to a closed sale. That' just the very beginning of a process and actually having a relationship with the customer. >> The other thing is so you can, one of the measurements of progress in 2013 this company 95% of its business was in IT. Their core ITSM, change management, help desk etc. Today that number's down to about two thirds so a third of the business is outside of IT. We're talking about multi-hundreds of millions of dollars. So ITOM, HR, the security practice. They're taking these applications and they're becoming multi-hundred million dollar businesses. You know some of them aren't there yet but they're you know north of 50, 75 we're taking about hundreds of customers. Higher average price, average contract values. You know they don't broadcast that here but you know you look at peel back the numbers and you can see just tremendous financial story. The renewal rates are really really high. You know in the mid 90s, high 90s which is unheard of and so I think this company is going to be the next great enterprise software company and their focus on the user experience I think is important because if you think about the great enterprise software companies. SalesForce, Oracle, SAP, maybe put IBM in there because they sort of acquired their way to it. But those three, they're not the greatest user experiences in the world. They're working on the UI but they're, you know Oracle, we use Oracle. It's clunky, it's powerful. >> They're solving such different problems. Right when those companies came up they were solving a very different problem. Oracle on their relational database side. Very different problem. You know ARP was so revolutionary when SAP came out and I still just think it's so funny that we get these massive gains of efficiency. We had it in the ARP days and now we're getting it again. So they're coming at it from a very different angle. That they're fortunate that there are more modern architecture, there are more modern UI. You know unfortunately if you're legacy you're kind of stuck in your historical. >> In your old ways right? >> Paradigm. >> So the go to market gets more complicated as they start selling to all these other divisions. You're seeing overlay, sales forces you know it's going to be interesting. IBM just consolidated it's big six shows into one. You wonder what's going to happen with this. Are they going to have to create you know mini Knowledges for all these different lines of business. We'll see how that evolves. You think with the one platform maybe they keep it all together. I hope they don't lose that core. You think of VM world, rigt there's still a core technical audience and I think that brings a lot of the energy and credibility to a show like this. >> They still do have some little regional shows and there's a couple different kind of series that they're getting out because as we know. Once you get, well just different right. AWS reinvents over $40,000 last year. Oracle runs it I don't even know what Oracle runs. A 65,000, 75,000. SalesForce hundred thousand but they kind of cheat. They give away lot of tickets but it is hard to keep that community together. You know we've had a number of people come up to us while we're off air to say hi, that we've had on before. The company's growing, things are changing, new leadership so to maintain that culture I think that's why Pat is so important and the key is that connection to the past and that connection to Fred. That kind of carried forward. >> The other thing we have to mention is the ecosystem when we first started covering ServiceNow Knowledge it was you know fruition partners, cloud Sherpas I mean it. Who are these guys and now you see the acquisitions, it's EY is here, Deloitte is here, Accenture is here. >> Got Fruition. >> PWC you see Unisys is here. I mean big name companies, Capgemini, KPMG with big install bases. Strong relationships it's why you see the sales guys at ServiceNow bellying up to these companies because they know it's going to drive more business for them. So pretty impressive story I mean it's hard to be critical of these guys, your price is too high. Okay I mean alright. But the value's there so people are lining up so. >> Yeah I mean it's a smoking hot company as you said. What do they needed to do next? What do you need to see from them next? >> Well I mean the thing is they laid out the roadmap. You know they announced twice a year at different cities wit each a letter of the alphabet. They got to execute on that. I mean this is one of those companies that's theirs to lose. It really is, they got the energy. They got to retain the talent, attract new talent, the street's certainly buying their story. Their free cash flow is growing faster than their revenue which is really impressive. They're extremely well run company. Their CFO is a rockstar stud behind the scenes. I mean they got studs in development, they got a great CEO they got a great CFO. Really strong chief product officer, really strong general managers who've got incredible depth in expertise. I mean it's theirs to lose, I mean they really just have to keep executing on that roadmap keeping their customer focus and you know hoping that there's not some external factor that blows everything up. >> Yeah good point, good point. What about the messaging? We've heard as you said, it's new branding so it's making the world of work work better, there's this focus on the user experience. The idea that the CIO is no longer just so myopic in his or her portfolio. Really has to think much more broadly about the business. A real business leader, I mean is this. Are you hearing this at other conferences too? Is it jiving with the other? >> You know everyone talks about the new way to work, the new to work, the new way to work and the consumers they sort of IT and you know all the millennials that want to operate everything on their phone. That's all fine and dandy. Again at the end of the day, where do people work? Because again you're competing everyone has, excuse me many many applications unfortunately that we have to run to get our day job done and so if you can be the one that people use as the primary way that they get work done. That's the goal... >> Rebecca: That's where the money is. >> That's the end game right. >> Well I owe that so the messaging to me is interesting because IT practitioners as a community are some of the most under appreciated. You know overworked and they're only here from the business when things go bad. For decades we've seen this the thing that struck me at ServiceNow Knowledge 13 when we first came here was wow. These IT people ar pumped. You know you walk around a show the IT like this, they're kind of dragging their feet, heads down and the ServiceNow customers are excited. They're leading innovation in their companies. They're developing new applications on these platforms. It's a persona that I think is being reborn and it sound exciting to see. >> It's funny you bring up the old chest because before it was a lot about just letting IT excuse me, do their work with a little bit more creativity. Better tools, build their own store, build an IT services Amazon likened store. We're not hearing any of that anymore. >> Do more with less, squeeze, squeeze. >> If we're part of delivering value as we've talked about with the banking application and link from MoonsStar you know now these people are intimately involved with the forward facing edge of the company. So it's not talking about we'll have a cool service store. I remember like 2014 that was like a big theme. We're not hearing that anymore, we've moved way beyond that in terms of being a strategic partner in the business. Which we here over and over but these are you know people that header now the strategic partner for the business. >> Okay customers have to make bets and they're making bets on ServiceNow. They've obviously made a bunch of bets on Oracle. Increasingly they're making bets on Amazon. You know we're seeing that a lot. They've made big bets on VM ware, obviously big bets on SAP so CIOs they go to shows like this to make sure that they made the right bet and they're not missing some blind spots. To talk to their peers but you can see that their laying the chips on the table. I guess pun intended, I mean they're paying off. >> That's great, that's a great note to end on I think. So again a pleasure co-hosting with both of you. It's been a lot of fun, it's been a lot of hard work but a lot of fun too. >> Thank you Rebecca and so the CUBE season Jeff. I got to shout out to you and the team. I mean you guys, it's like so busy right now. >> I thought you were going to ask if we were going next. I was going to say oh my god. >> Next week I know I'm in Chicago at VMON. >> Right we have VMON, DON, we've got a couple of on the grounds. SAP Sapphire is coming up. >> Dave: Pure Accelerate. >> Pure Accelerate, OpenStack, we're going back to Vancouver. Haven't been there for a while. Informatica World, back down here in Las Vegas Pure Storage, San Francisco... >> We got the MIT's CTO conference coming up. We got Google Next. >> Women Transforming Technology. Just keep an eye on the website upcoming. We can't give it all straight but... >> The CUBE.net, SiliconAngle.com, WikiBon.com, bunch of free content.- you heard it here first. >> There you go. >> For Rebecca Knight and Jeffrick and Dave Vellante this has been the CUBE's coverage of ServiceNow Knowledge 18. We will see you next time. >> Thanks everybody, bye bye.

Published Date : May 10 2018

SUMMARY :

Brought to you by ServiceNow. It's always a ghast to be with you so And I got to say when you come to events like this and the kind of simple workflow. and so the keynote on day one No and I think that I mean as you noted You know Jeff you see that, the time to spend it with us this week. in terms of the commitment of their community. and so it's going to be really interesting to see and so the opportunity there I think this company is going to be the next great and I still just think it's so funny that we get these So the go to market gets more complicated and the key is that connection to the past you know fruition partners, cloud Sherpas I mean it. it's why you see Yeah I mean it's a smoking hot company as you said. and you know hoping that there's not The idea that the CIO is no longer just and so if you can be the one that people use as the so the messaging to me is interesting It's funny you bring up the old chest Do more with less, and link from MoonsStar you know now these people but you can see that their laying the chips on the table. That's great, that's a great note to end on I think. I got to shout out to you and the team. I thought you were going to ask if we were going next. Right we have VMON, DON, we're going back to Vancouver. We got the MIT's CTO conference coming up. Just keep an eye on the website upcoming. bunch of free content.- you heard it here first. We will see you next time.

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