Bill McDermott1:53
How about that Makova this morning, huh? What a show. Welcome to our biggest knowledge event yet. There are 25,000 of my closest friends here in Las Vegas. Who's ready for Knowledge 2026? I need to hear you. Thank you to everyone who's with us, our customers, our partners, the media, investors, analysts. You made this all possible. It's all about you. I'd like to thank our founder, the great Fred Luddy, and my board colleagues, Sue Bostrom, our lead director, Larry Quinlan, and Paul Chamberlain. They've joined us personally. Thank you very much for showing up. Really great to have you. Thank you. And I want to thank my P5. We call them the P5 because we're in phase five of our growth strategy. Chris, Jackie, Russ, Paul, Colin, Gina, Hussein, Nick, Amit. Thank you for your leadership. Give it up for my team. To our wonderful brand ambassador, the man, the legend, Idris himself. Idris Elba, thank you so much for your leadership. We all look forward to seeing you on Thursday. How about it for Idris?
Today, I'm going to focus on three things. We're going to keep it very tight. We're at an inflection point in this industry. We're at the point where everything changes. Everything changes. But there is an AI blind spot and it's hiding in plain sight. I'm going to offer you a path from chaos to control with a guarantee. Stay tuned.
When JFK stood before Congress 64 years ago and committed America to the moon, he wasn't talking about the future. He was building it. And every great company starts with someone who makes the same decision to build it. And 22 years ago, Fred Luddy founded ServiceNow on the premise that there is no better experience than giving someone a piece of technology that lets them do something they never thought they could do. So he built one platform to transform how work gets done. That was the beginning of ServiceNow.
Today, great companies like FedEx, CVS Health, Lenovo, Rolls-Royce, the great Nvidia, the most valuable publicly traded company, and 90% of the Fortune 500 all work with ServiceNow. We are not only the system of record for IT, ladies and gentlemen. We are that, but we're also an end-to-end system of action across the enterprise running 100 billion workflows and 7 trillion transactions a year. Pretty cool stuff.
And we're also the fastest growing enterprise software company at scale the world has ever known. And we're once again going to double the size of this company in the next few years. And it's thanks to all of you. You know, there's a lot of big ones out there, but we're the underdogs. This community in front of me right now on this stage, we are the underdogs. We're a special community and we've been sticking together through thick and thin. And we sit at the center of how enterprises actually run. We see things before they show up in the headlines.
And what we're seeing right now is bigger than AI, bigger than software, bigger than any technology shift we've watched cross this stage. The world of work is being remade. Putting AI to work for people is the gateway to economic growth. The global workforce is aging, birth rates are declining, and the world will face a labor shortage of up to 50 million workers by 2030. But at this exact moment in time, billions of agents and robots are coming online. They are the ideal partners to complement the human workforce, ensuring that all of you will rise with the AI revolution. This isn't just a forecast. It's already happening. It's rolling.
Which brings us to the story that the market is not telling you. Maybe they don't want you to know. I call this the AI blind spot. Every AI pitch you've heard lately seems to start with the LLM. And there's a lot it can do for your business. Sensational intelligence at scale. Worker productivity. Fantastic. The gains are real. Improved product innovation. We built it into our products. We use it ourselves. It makes processes smarter. You'll also find that the model is probabilistic. It will give you a different answer every time you ask a question. So you find yourselves curating these different answers to find the one you like the best, don't you? And that pull on this intelligence comes at a tremendous cost. And what is happening now is intelligence is commoditizing. It has to because everyone's using it. And that is what AI is going and can do for your business. It's a sensation. We're not a denier. But what we are telling you is there's a blind spot. And that is what AI can do to your business.
We're learning that the real competitive differentiator is the orchestration surrounding the models. Just think of an agent provisioning access, processing payroll, or remediating security incidents. That's pretty private stuff. You may have read recently about the AI failures of Klarna, deleting production DBs, customer data, reservations, backups, all gone in nine seconds. That's what an AI agent can do when no one's watching. That's why businesses require a model that thinks and workflow that acts with integration and intelligence. Governance isn't a feature. It's the whole ball game because without it your whole company can come down.
Today, agents are being deployed with no identity, audit trail or compliance posture. But look at the world today. Let's be realistic, people. Cyber crime is the third largest economy behind only the United States and China. It's a trillion dollar a month problem. The more you deploy, the more you expose. Intelligence without rules and rails is a dangerous blind spot.
Want to see this in action? Let's go. This is interesting stuff. This is your business's 367 different applications on average. AI bolted onto every one of them like a sidecar. Can you relate to that? None of them are connected or governed. So take this situation. Your CFO approved the spend and can't find the ROI. Your token bill goes up every month. Six out of 10 companies are actually using agentic AI, but only one out of 10 have built anything autonomous. Most are paying for a capability they haven't even come close to unlocking. And how about you people? Oh, this is unbelievable. Toggling between 17 tabs wondering if AI was supposed to make their life easier or harder. Can we all agree that that's not putting AI to work for people? That's AI chaos.
So, do you want to know the good news? Anybody? All right, let's go with that. Chaos has an answer. We've stood on this stage and told you that we are the platform of platforms. Anybody remember that? Okay, we are. But we have transformed again. Now we are much more. We are the AI of agents. ServiceNow is the AI control tower for business reinvention. One architecture. One architecture.
I'm going to explain this cartoon to you. Anybody like cartoons? Me too. Now picture this. We're in a control tower here. This is your company. Let's start at the top. Can you follow me? At the top, we now have ServiceNow Auto. This is one agentic front door to everything in your enterprise. All of you are in industries. We serve you all in your industry. That domain expertise is essential. Autonomous workflows, meaning on an end-to-end basis across your entire enterprise, we now run your company autonomously with humans and agents. We sense any data, we decide with any model, and we act with any workflow. We secure all of this, all the systems, all the identities, human, agent, etc. and every asset think IT, OT, IoT, medical devices, shadow IT, networks and devices, critical infrastructure, people. And all of these companies, these systems of record we have deeply integrated our system with over many years now and I know that you have many of them and some of them are actually really good companies especially the hyperscalers. And then all of this is on the ServiceNow AI platform. So we give you one AI control tower for business reinvention. This is not wet paint. This is painted. It's done. It's rolling. Are you ready for this journey now? This is it.
So you're going to hear in a couple of minutes how we have completely integrated Moveworks into ServiceNow. It will forever be referred to as Employee Works. We will tell you how Auto became the agentic front door for your enterprise. I would like you to feel very comfortable. Bring Google, bring Microsoft, bring Amazon, bring all of your language models, including OpenAI and Anthropic. And of course, always bring Nvidia. We're powering the AI advanced world. Everyone's welcome. We are completely open. We are completely friendly. We want you to have the best of choice. All of these are excellent companies and we will help all of them run better. Our platform does not care which technology you use. It makes all of them work. Sound like a deal. All right.
Choice is good. Every CEO I talk to is asking me the same question. Bill, what happens when an agent does something I didn't expect? Okay. So, today we're announcing a new vision to deal with that. The AI control tower, giving you visibility across every corner of your business, a strategic defense shield for your enterprise. Think about this. Any identity, human and nonhuman, with Vasa. If you don't have Vasa, we're ready for you today. Any device is visible with Armis, not just IT. Let me repeat OT, IoT and critical infrastructure. Any agent, any model, any workflow, any relationship between them and critically the value each one is creating. We're giving you one pane of glass across the entire enterprise, providing you with real time visibility to understand when an agent does something you didn't expect. So then what? We give you the kill switch. It allows you to pause, redirect, stop everything in mid-action. And all of this is a completely new AI native experience. Nobody has ever seen their business this way before because nobody had ever built a platform that could enable them to see things differently. And you have to see things differently before you can do things differently. So we are the ones and the only ones that do what we do the way we do it. We're spending a lot of time educating the media and Wall Street these days, but I know you get it. So, thank you. And think about this. To take you deeper, I'd like you to warmly welcome the architect of all of this, our president, chief operating officer, and chief product officer, Amit Zavery. And we will show you really great customers and really great tech today. Thank you very much. I'll be back up in a few minutes. Thank you, everybody.