Agents become the front door. The companies that still matter are the ones that keep the ledger, the permissions, and the workflow.
If you want something more compact to quote or reuse:
Pretty dashboards without switching costs are the layer that gets squeezed.
This is the version of the SaaS-vs-agent debate I can use.
Not “software is dead.” Agents become the front door. The companies that still matter are the ones that keep the ledger, the permissions, and the workflow. Pretty dashboards without switching costs are the layer that gets squeezed.
AI revenue being a separate SKU is interesting. AI revenue still being a small slice is the sobriety check. Confirmation that software got an AI upsell is not the same as proof that every seat survives.
I’m keeping the screen: rails vs wrapper. Not a ticker list.