ServiceNow Ventures: Investing in the Future of Enterprise Technology Companies
Did you know that ServiceNow plans to invest $1 billion in ServiceNow Ventures by 2026? ServiceNow Ventures seeks out visionary founders and game-changing ideas to bring greater value to the ServiceNow Platform and the industry. ServiceNow Ventures deploys around $300 million across nearly 45 portfolio companies.
ServiceNow plans to invest $1 billion in ServiceNow Ventures by 2026
ServiceNow Ventures, the VC arm of ServiceNow, announced plans to invest $1 billion by 2026. It wants to fund innovative startups that match its core values. This includes Artificial Intelligence, Machine Learning, Cybersecurity and more. All this will bring value to ServiceNow Platform and the tech industry.
ServiceNow Ventures has already deployed $300 million across 45 portfolio companies. It helps startups to scale up their business and offerings, shaping the future of enterprise tech. ServiceNow is committed to fostering an innovation ecosystem.
IDC forecasts 750 million new apps between 2023-2025. To meet these needs, ServiceNow introduced three new solutions:
- Service Operations Workspace
- App Engine Management Center
- Public Sector Digital Services
They help enterprises to transform service delivery experiences through automation and low-code functionalities.
ServiceNow Ventures is looking for disruptive ideas and founders to enhance its platform and industry. It’s set to shape the future of the tech industry.
ServiceNow Ventures seeks out visionary founders and game-changing ideas to bring greater value to the ServiceNow Platform and the industry as a whole
ServiceNow Ventures is an investment arm of ServiceNow, with a mission to invest $1 billion by 2026. They focus on discovering visionary founders with game-changing ideas to contribute to the Platform and industry.
So far, they have invested nearly $300 million in almost 45 portfolio companies. Collaborating with EY NextWave GBS, they help improve productivity, add digital capabilities, and enable remote operations.
Automatic applications are forecasted to grow from 2023 to 2025, so ServiceNow has launched 3 new solutions.
- Service Operations Workspace for end-to-end workflows
- App Engine Management Center for improved visibility
- Public Sector Digital Services for citizens
ServiceNow Ventures seeks to create a more efficient and productive future. They invest $300 million in almost 45 portfolio companies to bring ideas and solutions to the forefront – all to improve the quality of life for stakeholders.
ServiceNow Ventures deploys around $300 million across nearly 45 portfolio companies
ServiceNow Ventures, a subsidiary of ServiceNow, is making great progress in tech investing.
They have invested almost $300 million in nearly 45 portfolio companies. Their goal is to invest $1 billion by 2026.
This investment is about improving technology and exploring new ideas. They want to support companies at the cutting edge of tech with both money and knowledge. This will help them grow and develop in the field.
|Investment Amount||Number of Portfolio Companies|
|$300 million||Almost 45|
NextWave Global Business Services: Digital Transformation and Automation at Scale
As enterprises worldwide aim to increase innovation and productivity, digital transformation and automation at scale have become key. In this section, we will examine NextWave Global Business Services, which offers the required flexibility, speed, and digital expertise to fulfill these requirements. The system combines EY’s business-led services with the state-of-the-art ServiceNow platform, prioritizing remote operations and digital capabilities, assisted by a strong focus on digital service management.
GBS evolves from cost-cutting to productivity and standardization with a focus on remote operations and digital capabilities
GBS has changed a lot in recent years. It’s no longer just about saving money. It’s now focused on delivering productivity and standardization in the fast-paced business world. For this reason, EY created NextWave GBS. It offers a mix of services and ServiceNow’s platform.
Digital service management is at the core of the program. Enterprises can use automation and low-code use cases to achieve greater speed, agility, and digital competence. This means businesses can replace cost-cutting with improving productivity.
ServiceNow launched three new solutions – Service Operations Workspace, App Engine Management Center, and Public Sector Digital Services – all based on the Now Platform℠. By 2025, IDC predicts that 750 million new applications will be created. ServiceNow is ready to help its partners innovate within its transformative ecosystem.
EY NextWave GBS offering combines EY business-led services with ServiceNow’s platform to deliver greater agility, speed, and digital competence
EY has developed NextWave GBS, a special blend of their business-led services and ServiceNow’s platform. This offers clients greater agility, speed, and digital know-how. It’s not just about cost-cutting either – productivity and standardization are the main focus.
The Now Platform included in the solution enables users to be more productive when creating applications, views, analytics, collaborations, and portals. As well as this, automation is made possible through service management solutions.
It’s advised that companies build a digital strategy with existing technology investments rather than making new systems. This way, multiple perspectives can be accommodated and efficient communication achieved. Plus, teams can set up upskilling programs or recruit experts in the field, driving innovation with the help of new skills.
Digital service management enabled by ServiceNow’s platform is a foundational capability of NextWave GBS
NextWave Global Business Services (GBS) puts productivity, standardization, remote operations, and digital capabilities first – making it a great option for digital transformation and automation services. EY’s business-led services and ServiceNow’s platform come together in NextWave GBS, enabling greater agility, speed, and digital skill.
Digital service management is one of the key abilities of NextWave GBS. This is made possible due to ServiceNow’s platform, which offers automation and low-code use cases. This means efficient creation of new applications and smooth operations. Plus, being on ServiceNow’s platform gives access to modern technologies and tools for optimal productivity.
The Now Platform also allows for new solutions in an automated environment. This is crucial as demand for efficiencies and application availability increases. IDC forecasts 750 million new applications created between 2023 and 2025.
In order to make the most of this trend, NextWave GBS works to create an efficient workflow through process automation. It also uses ServiceNow’s app development tool suite. User feedback from clients can be quickly incorporated too, thanks to its flexible association with ServiceNow Ventures. ServiceNow Ventures is investing nearly $300 million in 45 portfolio companies between 2020-2026, meaning NextWave GBS can keep on innovating and delivering top-notch digital transformation services.
ServiceNow’s New Solutions Empower Customers to Drive Innovation at Scale
ServiceNow’s latest offerings cater to the complex demands of global enterprises, enabling them to innovate at scale. Three new solutions are set to augment enterprises with their digital transformation efforts, namely Service Operations Workspace, App Engine Management Center, and Public Sector Digital Services. The Now Platform is designed to bring better outcomes for employees, customers and citizens, while also supporting automation and low-code use cases – a trend that experts predict will further revolutionize the way enterprises operate. In fact, IDC has forecast the creation of 750 million new applications as early as 2023.
ServiceNow introduces three new solutions to help enterprises with their digital transformation efforts: Service Operations Workspace, App Engine Management Center, and Public Sector Digital Services
ServiceNow, a provider of digital transformation solutions, has unveiled three new solutions. These are the Service Operations Workspace, App Engine Management Center, and Public Sector Digital Services. The Now Platform can help enterprises give better services to employees, customers, and citizens. IDC forecasts 750 million apps to be developed between 2023 and 2025.
ServiceNow’s Service Operations Workspace is made to help businesses on their digital transformation journey. It unites operations teams to make issue management faster and help diagnose problems proactively. The App Engine Management Center allows companies to quickly create custom apps using low-code platforms. Public Sector Digital Services helps governments provide digital services to citizens with automation.
By launching these solutions, ServiceNow is dedicated to driving innovation and giving customers tools to handle emerging business needs. Businesses can use these latest solutions to meet challenges posed by a competitive landscape while also improving IT processes and workflows.
The Now Platform aims to help customers serve their employees, customers, and citizens better
The Now Platform, from ServiceNow for Global Enterprises: Drive Innovation, is revolutionizing digital transformation for enterprises and providing excellent services to employees, customers, and citizens. It has three new solutions – Service Operations Workspace, App Engine Management Center, and Public Sector Digital Services – to help organizations achieve their digital transformation goals. Automation and low-code use cases are on the rise; the Now Platform streamlines workflows, boosting employee productivity and reaching business goals.
Creating applications quickly and efficiently is a breeze with the Now Platform. Between 2023 and 2025, IDC predicts 750 million new applications! The Now Platform meets this demand, making sure quality isn’t compromised. Automation and simplifying complex workflows are part of its digital prowess.
The pandemic has made remote operations necessary. The Now Platform’s agility and speed fit the bill. Companies can use it alongside EY NextWave GBS offerings for digital transformation with greater standardization. Its digital service management feature is a NextWave GBS foundation, perfect for leading companies needing flexibility and ease of use.
The Now Platform helps customers better serve their employees, customers, and citizens. It improves efficiency and helps organizations meet their business goals.
Automation and low-code use cases will only multiply as the need for more apps and efficiencies increases, with IDC forecasting 750 million new applications to be created between 2023 and 2025.
The push for better operational efficiency and more applications has caused a tremendous rise in automation and low-code adoption. IDC predicts that around 750 million new applications will be created between 2023 and 2025. Organizations are turning to platforms like ServiceNow, which offer low-code development features and automation. This enables users with no coding experience to produce apps quickly with drag-and-drop interfaces. These platforms provide scalability for enterprises and, by having citizen developers in every department, innovative ideas can be generated from front-line workers who know their department’s needs best.
Automation use cases will continue to grow as organizations must adapt to digital transformation initiatives via remote operations, process standardization, and intelligent workflows. ServiceNow has launched three new solutions to help enterprise customers create market-ready applications with innovative technologies such as AI, ML, NLP, and XR. The Service Operations Workspace, App Engine Management Center, and Public Sector Digital Services aim to enable enterprises to build replicable, cross-functional apps that give value across departments.
Investing in low-code platforms for application development with automation tools such as RPA or AI-powered chatbots can introduce efficiencies all over the business. The main goal is to have a people-first approach, so anyone with an idea can shape its digital future without needing to know coding. The unique industry landscape requires tailored solutions.
In conclusion, automation and low-code use cases will keep growing since more apps and efficiencies are needed. IDC forecasts that 750 million new applications will be created between 2023 and 2025. ServiceNow provides the tools to meet these demands and, with the added benefits of AI, ML, NLP, and XR, the possibilities for innovation are endless. ServiceNow’s partnership with NextWave GBS and EY business-led services further supports enterprises in achieving higher speed and digital competence while delivering digital service management.
FAQs about Servicenow For Global Enterprises: Drive Innovation
What is ServiceNow Ventures and how much does it plan to invest?
ServiceNow Ventures is the global strategic investment arm of ServiceNow, and it plans to invest $1 billion by 2026. The increased investment and strategy expansion reflect the company’s commitment to growing and scaling the next generation of enterprise technology companies.
How does ServiceNow Ventures aim to bring value to the industry?
ServiceNow Ventures aims to seek out visionary founders and their game-changing ideas to bring greater value to the ServiceNow Platform, the broader ecosystem, and the industry as a whole. Startups need both capital and operational guidance to reach their full potential, and ServiceNow Ventures has deployed approximately $300 million of the target capital investment across nearly 45 portfolio companies.
What is NextWave GBS, and how does it help enterprises?
NextWave GBS is a combination of EY business-led services with ServiceNow’s cloud-native platform for orchestrating workflows across the enterprise. It helps clients adopt silo-free operating models, capture the benefits of lean, measurable, and automated end-to-end processes, and deliver greater agility, higher speed, more digital competence, and an enhanced customer and employee experience. Digital service management enabled by ServiceNow’s platform is a foundational capability of NextWave GBS, and it turns GBS into the transformation engine for the enterprise.
What are the new solutions introduced by ServiceNow during Knowledge 2022?
ServiceNow introduced three new solutions during Knowledge 2022: Service Operations Workspace, App Engine Management Center, and Public Sector Digital Services. Service Operations Workspace gives tech services and operations teams a single place to manage work and have shared visibility into issues. App Engine Management Center provides structure and governance for low-code citizen developers. Public Sector Digital Services provides governments with a digital foundation to deliver consumer-grade experiences from request to resolution.
How does ServiceNow aim to drive innovation for global enterprises?
ServiceNow aims to empower customers with scalable, purpose-built solutions that help them serve their employees, customers, and citizens better. Its leading digital workflow company helps the world work better, and the investment strategy and ecosystem ventures make it work better for everyone. The pace of digital transformation continues to accelerate rapidly, and leading digital companies like ServiceNow are working to keep up with the changing landscape.
How has the COVID-19 pandemic affected Global Business Services (GBS), and how does NextWave GBS lead digital transformation?
The COVID-19 pandemic has raised GBS expectations and driven increased spend on technology modernization, as well as attention to service excellence. GBS has evolved to drive productivity and standardization, with a focus on remote operations and digital capabilities to drive automation at scale, enhance performance, and increase agility in view of a constantly evolving environment. NextWave GBS leads digital transformation by combining EY business-led services with ServiceNow’s cloud-native platform for orchestrating workflows across the enterprise, turning GBS into the transformation engine for the enterprise, and delivering greater agility, higher speed, more digital competence, and an enhanced customer and employee experience.