Anish Acharya

But now with coding agents, the complexity of transitioning from SAP to Oracle is dramatically lower, the speed, the risk.

But now with coding agents, the complexity of transitioning from SAP to Oracle is dramatically lower, the speed, the risk.

So that is how I think coding agents shows up in enterprise software, especially amongst public names.

So that is how I think coding agents shows up in enterprise software, especially amongst public names.

Decrease switching costs, more customers, less hostages, which is a positive incentive for the entire ecosystem.

Decrease switching costs, more customers, less hostages, which is a positive incentive for the entire ecosystem.

If history is any guide, and to reference Alex, he would say that it often is.

If history is any guide, and to reference Alex, he would say that it often is.

Those who have actually studied history tend to do better than those who have not.

Those who have actually studied history tend to do better than those who have not.

What I would say is that when you have this product cycle and you have a capable incumbent, what happens is they usually make their product better for their existing categories.

What I would say is that when you have this product cycle and you have a capable incumbent, what happens is they usually make their product better for their existing categories.

Microsoft will make a better word processor than they've ever made.

Microsoft will make a better word processor than they've ever made.

Google will make a better search engine than they've ever made.

Google will make a better search engine than they've ever made.

We're actually starting to see that, some of that anyway.

We're actually starting to see that, some of that anyway.

What you instead see is the native categories that did not exist before the product cycle being owned by startups.

What you instead see is the native categories that did not exist before the product cycle being owned by startups.