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Salesforce Agentforce Platform

Salesforce Agentforce Platform

Salesforce CEO Marc Benioff has hinted at the upcoming launch of a new AI and automation platform geared towards customer support. Salesforce Agentforce Platform. In anticipation of September’s Dreamforce event, Benioff used X, formerly Twitter, to offer a sneak peek into the platform, specifically highlighting its customer-facing “Einstein Service Agent.” In his post, Benioff underscores the essential features of the virtual agent, emphasizing how it will seamlessly blend digital and human-assisted support to expedite case resolutions. This blended experience appears to build upon the technology integrated into Salesforce following its acquisition of Airkit.ai in 2023. Airkit.ai provides a low- to no-code bot-building platform that empowers businesses to orchestrate AI-driven conversational experiences. Primarily used for service automation, Airkit enables firms to design and automate complex cross-platform workflows, enhancing automated customer interactions across Salesforce applications. The Einstein Service Agent, positioned within Salesforce’s broader Einstein 1 vision, leverages Data Cloud to create a unified, cross-functional data ecosystem. Benioff hints at the agent’s capability to span service, sales, marketing, and commerce functionalities, underscoring its pivotal role within the Salesforce ecosystem. Expanding on Airkit.ai’s foundational capabilities, Salesforce has integrated Mulesoft to enable insights triggering cross-platform automations, alongside real-time data harmonization within Data Cloud. Moreover, the platform now incorporates generative AI (GenAI), enhancing its ability to interpret text, images, and audio/video for diverse customer engagement scenarios. Despite these advancements, Benioff acknowledges that no virtual agent, even with GenAI augmentation, can resolve every customer query alone. Salesforce ensures omnichannel transfers and human handoffs to address more complex issues effectively. In an era where many vendors offer similar conversational AI capabilities, Salesforce distinguishes itself through ecosystem integration and orchestration. Benioff emphasizes the value of low- to no-code workflow orchestration, democratizing AI technology for non-programmers and fostering an inclusive AI revolution. Expect Benioff to elaborate further on these themes and unveil more details about the Agentforce Platform during his keynote at the 2024 Dreamforce event. Like Related Posts Salesforce OEM AppExchange Expanding its reach beyond CRM, Salesforce.com has launched a new service called AppExchange OEM Edition, aimed at non-CRM service providers. Read more The Salesforce Story In Marc Benioff’s own words How did salesforce.com grow from a start up in a rented apartment into the world’s Read more Salesforce Jigsaw Salesforce.com, a prominent figure in cloud computing, has finalized a deal to acquire Jigsaw, a wiki-style business contact database, for Read more Health Cloud Brings Healthcare Transformation Following swiftly after last week’s successful launch of Financial Services Cloud, Salesforce has announced the second installment in its series Read more

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Salesforce Tiny Giant LLM

Salesforce Tiny Giant LLM

‘On-device Agentic AI is Here!’: Salesforce Announces the ‘Tiny Giant’ LLM Salesforce CEO Marc Benioff is excited about the company’s latest innovation in AI, introducing the ‘Tiny Giant’ LLM, which he claims is the world’s top-performing “micro-model” for function-calling. Salesforce’s new slimline “Tiny Giant” LLM reportedly outperforms larger models, marking a significant advancement in on-device AI. According to a paper published on Arxiv by Salesforce’s AI Research department, the xLAM-7B LLM model ranked sixth among 46 models, including those from OpenAI and Google, in a competition testing function-calling (execution of tasks or functions through API calls). The xLAM-7B LLM was trained on just seven billion parameters, a small fraction compared to the 1.7 trillion parameters rumored to be used by GPT-4. However, Salesforce highlights the xLAM-1B, a smaller model, as its true star. Despite being trained on just one billion parameters, the xLAM-1B model finished 24th, surpassing GPT-3.5-Turbo and Claude-3 Haiku in performance. CEO Marc Benioff proudly shared these results on X (formerly Twitter), stating: “Meet Salesforce Einstein ‘Tiny Giant.’ Our 1B parameter model xLAM-1B is now the best micro-model for function-calling, outperforming models 7x its size… On-device agentic AI is here. Congrats Salesforce Research!” Salesforce’s research emphasizes that function-calling agents represent a significant advancement in AI and LLMs. Models like GPT-4, Gemini, and Mistral already execute API calls based on natural language prompts, enabling dynamic interactions with various digital services and applications. While many popular models are large and resource-intensive, requiring cloud data centers and extensive infrastructure, Salesforce’s new models demonstrate that smaller, more efficient models can achieve state-of-the-art performance. To test function-calling LLMs, Salesforce developed APIGen, an “Automated Pipeline for Generating verifiable and diverse function-calling datasets,” to synthesize data for AI training. Salesforce’s findings indicate that models trained on relatively small datasets can outperform those trained on larger datasets. “Models trained with our curated datasets, even with only seven billion parameters, can achieve state-of-the-art performance… outperforming multiple GPT-4 models,” the paper states. The ultimate goal is to create agentic AI models capable of function-calling and task execution on devices, minimizing the need for extensive external infrastructure and enabling self-sufficient operations. Dr. Eli David, Co-Founder of the cybersecurity firm Deep Instinct, commented on X, “Smaller, more efficient models are the way to go for widespread deployment of LLMs.” Like Related Posts Salesforce OEM AppExchange Expanding its reach beyond CRM, Salesforce.com has launched a new service called AppExchange OEM Edition, aimed at non-CRM service providers. Read more The Salesforce Story In Marc Benioff’s own words How did salesforce.com grow from a start up in a rented apartment into the world’s Read more Salesforce Jigsaw Salesforce.com, a prominent figure in cloud computing, has finalized a deal to acquire Jigsaw, a wiki-style business contact database, for Read more Health Cloud Brings Healthcare Transformation Following swiftly after last week’s successful launch of Financial Services Cloud, Salesforce has announced the second installment in its series Read more

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Einstein Copilot - A Valued Team Member

Einstein Copilot – A Valued Team Member

What Can Salesforce Einstein Copilot AI Really Do? Einstein Copilot – A Valued Team Member To find out, let’s virtually attend a live demo of the service March 2024. The short answer to the question is “whatever your business needs,” but with a common caveat in AI demos: beware of hallucinations. Keeping Data SafeLet’s rewind a bit. Back in September, Salesforce unveiled Einstein Copilot at Dreamforce, emphasizing customer data safety as a key selling point. Salesforce CEO Marc Benioff stated, “Your data isn’t our product.” Then, in February, the product entered public beta. Salesforce re-emphasized that the Einstein Trust Layer, designed to protect customer data, was a critical reason why customers could trust the responses and actions of Salesforce Einstein Copilot. At the demo safety was again a primary focus. Salesforce Product Management leads Gary Brandeleer and Jaswinder Rattanpal highlighted that Einstein is designed to differentiate between sensitive and non-sensitive data and to verify if the end-user has appropriate access rights for their query. These measures prevent leaks of confidential information and also minimize the impact of any potential “hallucinations” by compartmentalizing data. Rattanpal offered a word of caution: “While we have these amazing tools, be careful because we are not at a stage when they can be 100% trusted. Always have a human in the loop, especially when dealing with information that may become public.” Maximizing EfficiencySalesforce’s emphasis on data safety is wise, and its more than 150,000 customers worldwide will appreciate it. However, the real appeal of Einstein Copilot lies in the efficiency it offers. This efficiency stems from two key principles that drive Salesforce’s approach to AI. The first principle is that AI copilots fundamentally change how humans interact with software. Instead of navigating through clicks and menus, users can ask questions and receive answers directly, making software interaction more conversational. This shift can potentially transform software development and reduce the time required to complete tasks, particularly in sales, marketing, and customer service. Users can access Einstein across Salesforce’s interface. One click launches the assistant, which can execute tasks while the user attends to other duties. This reduces the time spent sifting through information to find answers. During the demo, Rattanpal showcased how Einstein could summarize an account’s financial history and populate different fields with data from a single prompt. Customization and AvailabilityThe second principle is the mix of customization and availability. Salesforce aims to allow users to deploy Einstein Copilot across any desired modules and to customize these deployments to suit each customer’s specific needs. Recognizing that its vast customer base has diverse requirements, Salesforce makes Einstein flexible yet grounded in a safety-first approach. Admins can customize Einstein using Copilot Builder, Prompt Builder, and Model Builder, each offering different levels of customization. Standard actions, like “write an email,” require minimal development, while custom actions typically involve more intricate setups. More Than a Copilot: A CoworkerThese capabilities often make Einstein feel more like a valued team member than a mere copilot. During the demo, Brandeleer showed how Einstein could determine whether a sales opportunity was worth pursuing—a subjective query that Einstein backed with a dozen data-driven reasons. This level of analysis, which would take a human hours or days to compile, underscores Einstein’s potential to exceed human efficiency and objectivity. When an AI can provide better answers to subjective questions than a human, it transcends being a simple tool. If it can effectively manage hallucinations, the question becomes: what can’t Einstein do? Salesforce Einstein Copilot stands out not only for its robust data safety measures but also for the significant efficiency and customization it offers. With its advanced capabilities, Einstein has the potential to revolutionize how businesses handle routine and complex tasks, making it an invaluable asset for any organization. Like Related Posts Salesforce OEM AppExchange Expanding its reach beyond CRM, Salesforce.com has launched a new service called AppExchange OEM Edition, aimed at non-CRM service providers. Read more The Salesforce Story In Marc Benioff’s own words How did salesforce.com grow from a start up in a rented apartment into the world’s Read more Salesforce Jigsaw Salesforce.com, a prominent figure in cloud computing, has finalized a deal to acquire Jigsaw, a wiki-style business contact database, for Read more Health Cloud Brings Healthcare Transformation Following swiftly after last week’s successful launch of Financial Services Cloud, Salesforce has announced the second installment in its series Read more

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Salesforce is Hiring

Salesforce is Hiring

Salesforce is hiring approximately 3,000 new employees, CEO Marc Benioff announced in an interview with Bloomberg this week. This hiring initiative comes after the company laid off 10% of its workforce earlier this year as part of a significant cost-cutting effort. Salesforce is hiring. Yahoo story here. In January, Salesforce announced the layoffs of 8,000 employees, reducing its workforce from around 79,390. The job cuts were met with internal backlash, with employees criticizing the handling of the layoffs. According to Insider’s Ashley Stewart, staff were left in the dark, having to use Slack to check who among their colleagues had been let go, likening the experience to checking a missing persons bulletin board after a disaster. Despite the recent layoffs, Benioff is now focused on growth and expansion. He emphasized the need for new hires in a Bloomberg interview during Salesforce’s annual conference in San Francisco. “Our job is to grow the company and to continue to achieve great margins,” Benioff stated. “We know we have to hire thousands of people.” The new employees will be distributed across various departments, including sales, engineering, and the data cloud product teams. These roles are crucial as Salesforce aims to bolster its artificial intelligence business and attract further investments. Chief Operating Officer Brian Millham also spoke to Bloomberg, highlighting the company’s successful business segments and the need for a surge in those areas. Millham explained, “We have some very successful parts of our business right now, and we want a surge in those areas.” This strategic hiring push aims to capitalize on these thriving sectors, driving Salesforce’s continued growth and innovation. In an effort to bring back former employees, Benioff is particularly interested in attracting “boomerangs”—those who left Salesforce for other opportunities. He shared with Bloomberg that he recently held an “alumni event” to encourage these former employees to return, reassuring them that it is “OK” to come back to the company. This move signifies a shift in Salesforce’s strategy, from drastic cost-cutting measures to a renewed focus on expansion and talent acquisition. By rehiring experienced former employees and bringing in new talent, Salesforce aims to strengthen its workforce and position itself for future success. Like Related Posts Salesforce OEM AppExchange Expanding its reach beyond CRM, Salesforce.com has launched a new service called AppExchange OEM Edition, aimed at non-CRM service providers. Read more The Salesforce Story In Marc Benioff’s own words How did salesforce.com grow from a start up in a rented apartment into the world’s Read more Salesforce Jigsaw Salesforce.com, a prominent figure in cloud computing, has finalized a deal to acquire Jigsaw, a wiki-style business contact database, for Read more Health Cloud Brings Healthcare Transformation Following swiftly after last week’s successful launch of Financial Services Cloud, Salesforce has announced the second installment in its series Read more

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Benioff Dreams of AI Making Messaging Intelligent

Benioff Dreams of AI Making Messaging Intelligent

During the company’s recent earnings call, Salesforce CEO Marc Benioff spoke about the “revolutionary” impacts of generative AI, emphasizing the immense potential it holds for the tech industry. Benioff Dreams of AI Making Messaging Intelligent. Benioff highlighted Salesforce’s integration of OpenAI’s ChatGPT platform into Slack, the workplace messaging app owned by Salesforce. This integration aims to enhance Slack’s capabilities by enabling features such as conversation summarization, research assistance, and message drafting directly within the platform. Benioff expressed his vision for Slack to become intelligent itself, leveraging the wealth of data stored within the platform. He emphasized the transformative potential of generative AI in providing intelligent support to users, potentially revolutionizing customer service interactions and business operations. Salesforce’s clients, including Gucci, are already leveraging AI to enhance customer service experiences, reflecting the growing adoption of AI-driven solutions across various industries. Generative AI offers benefits such as time-saving automation of routine tasks, efficient research gathering, and concise information delivery, benefiting individuals in personal, professional, and academic contexts. However, concerns regarding the ethical implications of generative AI have also surfaced, including issues related to deepfake images, bias, and potential job displacement. Some advocate for stricter regulation and careful assessment of AI’s risks before further development. Benioff Dreams of AI Making Messaging Intelligent Despite these concerns, Benioff remains optimistic about the transformative potential of generative AI, describing it as a revolution that will reshape the world in unprecedented ways. He believes that we are only at the beginning of this AI revolution, with much more innovation and transformation yet to come. Like Related Posts Salesforce OEM AppExchange Expanding its reach beyond CRM, Salesforce.com has launched a new service called AppExchange OEM Edition, aimed at non-CRM service providers. Read more The Salesforce Story In Marc Benioff’s own words How did salesforce.com grow from a start up in a rented apartment into the world’s Read more Salesforce Jigsaw Salesforce.com, a prominent figure in cloud computing, has finalized a deal to acquire Jigsaw, a wiki-style business contact database, for Read more Health Cloud Brings Healthcare Transformation Following swiftly after last week’s successful launch of Financial Services Cloud, Salesforce has announced the second installment in its series Read more

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New Nonprofit Cloud

The New Nonprofit Cloud

Salesforce.org recently announced the “New Nonprofit Cloud,” and Lori Freeman shared this update in the Trailblazer Community. Here’s a summary of the key points: Salesforce.org is rolling out an entirely new suite of technology solutions for nonprofits over the next few years, collectively named “Nonprofit Cloud.” These solutions will not be based on, nor compatible with, current offerings like NPSP. For now, there is no immediate need to focus on “Nonprofit Cloud.” Importantly, Nonprofit Pricing remains unchanged, with ten free licenses still available. However, licenses for the 11th and subsequent users under Nonprofit Cloud will be more expensive than standard licenses. There’s much more to this announcement, some of which wasn’t included in the official communication. It’s worth discussing these aspects in detail. Pricing Salesforce’s value for nonprofits lies in the Power of Us program, which donates the first ten licenses free of charge, and in the discounts applied to other Salesforce products. This remains unchanged. Before TrailblazerDX, assurances were given that this would not change. A question was raised during True To The Core, seeking a public commitment from Salesforce. Parker Harris’ response, along with Lori’s post and other communications, provide confidence in Salesforce’s ongoing support for nonprofits, though one should always remain cautious when relying on corporate commitments. However, pricing beyond the free licenses is not straightforward, likely due to Salesforce.org’s integration with Industries. Even Salesforce.org staff might not fully grasp the intricacies of licensing and pricing yet. What’s understood is that Nonprofit Cloud will be its own SKU, essentially bundling a Sales Cloud license, a Service Cloud license, and access to Industries-based functionality. All ten licenses granted to new organizations on the Nonprofit Cloud will include this entire bundle. This means that the P10 License Grant has expanded, as this bundle is more expensive and comes with additional technology. For the 11th license and beyond, organizations can choose: This pricing reflects no change from current rates. The uncertainty lies in what functionality will be unavailable to users with only a Lightning Enterprise Edition license compared to those on a Nonprofit Cloud license, and even more so for users on Platform licenses. The extent of “Industries” functions these users will lose, and what parts of the yet-to-be-seen Nonprofit Cloud application will be inaccessible, remain unknown. The Technology The newly announced Nonprofit Cloud is not yet ready for immediate use. Migration to this new platform should not be rushed, as it will be a significant undertaking with no immediate benefits. It’s expected that most organizations will delay this transition for several years, possibly more. If your current system is functioning well, there’s no need to fix it. If you are ready to make the jump, Tectonic is here to assist. For organizations starting fresh, the decision is challenging: This is not an easy choice, and one might be torn between the first and third options. To the extent that “it” can be purchased, few have seen what “it” truly is. When released, it will be a “minimum viable product,” with some cynics possibly viewing it as a “paid beta.” While one might hope for a “minimum lovable product,” it’s best not to hold your breath. Initial rollouts will include program management, followed by impact measurement, with fundraising features not expected until fall. It’s likely none of these will have full feature parity with their current equivalents, although they should offer some new, appealing features. Salesforce has also stated there are no plans for a new payment processing platform akin to Elevate. There’s still much uncertainty about what the actual Nonprofit Cloud product will offer. It’s barely available for anyone to test. Although there’s some way for partners to access a learning environment, it’s clear that what’s coming in the next few releases will be minimum viable, so there’s no urgency to adopt it. The only certainty is that Nonprofit Cloud will use Person Accounts, marking a significant data model shift. While this may require some adjustment, it’s not likely to be a major issue for most organizations due to storage increases in recent years. The plan is to ignore Nonprofit Cloud for at least a year, possibly two or three. Eventually, it might mature enough to consider adoption. Timing of Announcements It’s important to note that many did not learn of this on 3/14. Salesforce.org had embargoed meetings with Salesforce MVPs, partners, and possibly larger nonprofit customers starting in late fall 2022. Salesforce.org made some communication missteps that caused significant concern. There were initial fears about whether the Power of Us donation would disappear or if certain offerings would become more expensive. Then there were technical concerns about compatibility and the costs associated with migrating to the new platform, compounded by uncertainty over whether organizations would be forced to migrate. The layoffs at Salesforce, which seemed to disproportionately impact Salesforce.org, added to the anxiety. The absorption of Salesforce.org, the integration of the Power of Us Hub into the broader Trailblazer Community, the shift to Industries core architecture, and the layoffs all raised questions about whether nonprofits are now viewed as “just another industry vertical” by Salesforce. However, it’s clear from the above discussion that those fears and questions have been addressed. This detachment didn’t come immediately, so it’s understandable if others need time to reach this level of perspective. Holding this information under NDA was challenging, as it was more of a discussion opener than a concrete announcement. It’s a relief to finally discuss this openly. What Does this Announcement Signal About Salesforce.org? Salesforce—or even Salesforce.org—has never been an altruistic entity. Marc Benioff, in his books and keynotes, positions himself as a capitalist, believing that “business is the greatest force for good.” Salesforce is a capitalist enterprise, a multi-billion dollar corporation that exists to make money. It’s essential to recognize this reality. The 1-1-1 model and Salesforce’s support for nonprofits are commendable, but it’s crucial to see these actions for what they are—noblesse oblige. Salesforce.org was once a “social enterprise,” but perhaps its evolution has made this term

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AI Drives Insights

AI Drives Insights

Innovations from Salesforce, HubSpot, and One AI are driving deeper insights and streamlining processes. Key Takeaways: AI is transforming the way businesses operate, and customer relationship management (CRM) is no exception. AI has been influencing the CRM space for years, but its impact is now reaching new heights. By harnessing AI algorithms, modern CRM systems offer predictive analytics and deeper insights, enabling brands to understand their customers on an unprecedented level. Advanced AI-enabled CRMs even incorporate sentiment analysis to gauge customer perceptions and provide automation tools to free marketers from mundane tasks. The global AI market, currently valued at $142.3 billion, continues to expand rapidly. From 2020 to 2022, annual corporate investments in AI startups increased by $5 billion, reflecting the growing demand for AI-driven innovations. As CRM vendors introduce more AI capabilities, it’s important to understand the unique approaches each one takes to differentiate themselves and deliver specific benefits. Salesforce and Einstein GPT: A New Era with OpenAI’s ChatGPT On March 7, 2023, Salesforce introduced Einstein GPT, a generative AI technology integrated into its CRM platform. Combining real-time data from Salesforce’s Data Cloud with OpenAI’s ChatGPT, Einstein GPT allows users to input natural-language prompts to streamline tasks and decision-making. Salesforce has long invested in AI. In 2017, it launched its Einstein AI as part of Service Cloud. By 2019, Salesforce had partnered with OpenAI to explore AI research and integrate advanced models into its ecosystem. The acquisition of Slack in 2020 further strengthened its AI capabilities by incorporating advanced messaging and communication tools into the CRM environment. Marc Benioff, CEO of Salesforce, highlighted the significance of AI’s growth: “The world is experiencing one of the most profound technological shifts with real-time technologies and generative AI. This comes at a pivotal moment as every company is focused on connecting with their customers in more intelligent, automated, and personalized ways.” Einstein GPT is set to transform customer engagement, with applications across Salesforce’s various platforms, including Tableau, MuleSoft, and Slack. HubSpot CRM: AI-Powered Content Assistant A day before Salesforce’s AI announcement, HubSpot revealed its own AI-powered features: the Content Assistant and ChatSpot.ai. These tools aim to enhance CRM users’ productivity while creating stronger connections with customers. HubSpot’s Content Assistant helps marketing and sales teams ideate, create, and share content through generative AI capabilities. It can suggest blog titles, create content outlines, and assist with crafting content for blogs, emails, landing pages, and websites. ChatSpot.ai, on the other hand, offers a natural-language chat experience to simplify CRM tasks for HubSpot users. HubSpot has also invested in AI for other functions, including conversation intelligence, data enrichment, predictive analytics, and content optimization, solidifying its position in the AI-driven CRM landscape. With AI advancements from companies like Salesforce, HubSpot, and One AI, the future of CRM is poised for enhanced efficiency, automation, and personalized customer interactions. Like Related Posts Salesforce OEM AppExchange Expanding its reach beyond CRM, Salesforce.com has launched a new service called AppExchange OEM Edition, aimed at non-CRM service providers. Read more The Salesforce Story In Marc Benioff’s own words How did salesforce.com grow from a start up in a rented apartment into the world’s Read more Salesforce Jigsaw Salesforce.com, a prominent figure in cloud computing, has finalized a deal to acquire Jigsaw, a wiki-style business contact database, for Read more Health Cloud Brings Healthcare Transformation Following swiftly after last week’s successful launch of Financial Services Cloud, Salesforce has announced the second installment in its series Read more

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Salesforce Vlocity Acquisition

Salesforce Vlocity Acquisition

Salesforce’s Acquisition of Vlocity: A Game-Changer for the CRM Ecosystem The news of Salesforce acquiring Vlocity, though somewhat overshadowed by the end of Keith Block’s tenure as co-CEO, marks a significant milestone for the CRM giant and carries substantial implications for its ecosystem partners. Vlocity, one of the largest and fastest-growing Salesforce-native ISVs, did not initially foresee being acquired by its platform partner when it launched less than six years ago. Even after subtracting the undisclosed value of Salesforce’s own investment from Vlocity’s $163 million in venture funding, the $1.3 billion Salesforce plans to pay the remaining shareholders is a substantial return for a company projected to generate $70-80 million in revenue this year. This is based on Salesforce’s expectation of a million revenue contribution once the deal closes in the second quarter. Vlocity’s Ambitious Vision Vlocity’s founders had envisioned a much more ambitious trajectory, inspired by Veeva, the first Salesforce-native ISV to secure a stock market listing with its 2013 IPO, achieving a near billion valuation. Today, Veeva’s market cap is $22.3 billion. Vlocity aimed to replicate Veeva’s success on a larger scale, targeting multiple industries instead of just pharmaceuticals and life sciences. Founded in January 2014 by CEO David Schmaier and others with industry solutions backgrounds at CRM pioneer Siebel, Vlocity quickly developed solutions for four industries, including communications, media, insurance, and the public sector. These sectors presented an addressable market ten times larger than Veeva’s. Early customers like Telus and Sky Italia demonstrated an appetite for large-scale replacements of legacy systems. Vlocity’s portfolio now spans six industries: communications, media and entertainment, energy and utilities, insurance, healthcare, and government. Why Didn’t Vlocity Surpass Veeva? One crucial difference in Vlocity’s strategy compared to Veeva’s was its deliberate decision to keep its technology closely aligned with Salesforce’s platform. Vlocity adopted a sophisticated approach by building a packaged native application that remains continuously upgradeable with Salesforce’s platform. This extreme alignment ensured fully native compatibility for Vlocity’s customers throughout the product lifecycle but restricted its freedom compared to Veeva, which developed significant content management and regulatory workflow functionality outside Salesforce’s platform. Competition and the Misnomer of Industry Cloud Vlocity faced more intense competition than Veeva did when it started. By 2015, Salesforce was already promoting its own industry clouds, beginning with Financial Services Cloud, followed by Health Cloud, Manufacturing Cloud, and Consumer Products Cloud. Industry penetration was a key part of Keith Block’s mission after he joined Salesforce in 2013. While Vlocity was seen as an ally, Salesforce had to balance this with its growth prospects. Salesforce Vlocity Acquisition In hindsight, “industry cloud” might be a misnomer. Vlocity aimed to be unique, but other ecosystem partners were also targeting industry clouds. For example, Accenture developed a Salesforce-native vertical cloud solution for trade promotions in consumer goods and partnered with Vlocity for telecoms and media offerings. The retail banking edition of Salesforce Financial Services Cloud relies heavily on nCino’s industry solution. The middle office segment, which includes processes between CRM (front office) and ERP (back office), also plays a role in the industry cloud. Middle office processes vary by industry, with companies like Apttus, Rootstock, and FinancialForce targeting specific verticals. Salesforce’s acquisitions in CPQ, ecommerce, and B2B commerce have supported its enterprise deals across various industries. The Future for Salesforce ISVs The acquisition of Vlocity expands Salesforce’s industry cloud offerings and fuels its growth. As part of Salesforce, Vlocity has greater potential to grow than if it remained independent. This deal also includes an acquihire element, with Marc Benioff expressing excitement about David Schmaier joining Salesforce. Factors like the close relationship between Vlocity and Salesforce played a role in the acquisition, as Marc Benioff suggested during the earnings call. Analyst Ray Wang speculated that the move prevents competitors, like Google, from acquiring Vlocity. If Vlocity’s IPO dream has ended this way, it suggests that other Salesforce-native ISVs may also struggle to achieve independence. ServiceMax, for instance, was acquired by GE in 2016, only to be spun out to private equity buyer Silver Lake two years later. Salesforce recently became an investor in ServiceMax again, making its eventual acquisition seem almost inevitable. For Salesforce-native ISVs, this acquisition underscores the reality that, much like the a one way train, however much you may want to get off, you can not. Like Related Posts Salesforce OEM AppExchange Expanding its reach beyond CRM, Salesforce.com has launched a new service called AppExchange OEM Edition, aimed at non-CRM service providers. Read more The Salesforce Story In Marc Benioff’s own words How did salesforce.com grow from a start up in a rented apartment into the world’s Read more Salesforce Jigsaw Salesforce.com, a prominent figure in cloud computing, has finalized a deal to acquire Jigsaw, a wiki-style business contact database, for Read more Health Cloud Brings Healthcare Transformation Following swiftly after last week’s successful launch of Financial Services Cloud, Salesforce has announced the second installment in its series Read more

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Salesforce Job-Training Initiative

Salesforce Job-Training Initiative

Salesforce.com Inc, a San Francisco-based cloud software company, announced on Thursday that it is joining a White House Salesforce Job-Training Initiative to provide new skills training for U.S. workers. The company, known for its internet-based software used by sales and marketing departments, plans to offer online training to up to 500,000 workers for jobs involving Salesforce’s software systems. However, the company did not disclose the financial commitment for this effort. The White House’s “Pledge to America’s Workers” initiative, launched last year, has over 200 participating companies. Salesforce CEO Marc Benioff is set to announce the news at an event in Indiana with Ivanka Trump, where Salesforce employs nearly 2,000 people. Benioff, who purchased Time magazine last year, is recognized for his support of progressive policies. Notably, he supported a tax increase on large businesses in San Francisco to fund homelessness solutions, a measure that San Francisco voters approved. Salesforce faced criticism from a Texas immigrant rights group last year for providing software to U.S. Customs and Border Protection. In response, Benioff highlighted that the company’s philanthropic arm donated over $1 million to organizations aiding migrant families at the U.S.-Mexico border. Like Related Posts Salesforce OEM AppExchange Expanding its reach beyond CRM, Salesforce.com has launched a new service called AppExchange OEM Edition, aimed at non-CRM service providers. Read more The Salesforce Story In Marc Benioff’s own words How did salesforce.com grow from a start up in a rented apartment into the world’s Read more Salesforce Jigsaw Salesforce.com, a prominent figure in cloud computing, has finalized a deal to acquire Jigsaw, a wiki-style business contact database, for Read more Health Cloud Brings Healthcare Transformation Following swiftly after last week’s successful launch of Financial Services Cloud, Salesforce has announced the second installment in its series Read more

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Salesforce Cloud Hosted CRM

Is Salesforce Hosted in the Cloud?

Is Salesforce cloud hosted? What about Salesforce data? Salesforce Cloud is a suite of cloud-based customer relationship management software solutions that help businesses connect with customers, close deals, and deliver service. Was Salesforce always cloud based? Salesforce was founded in 1999 by Marc Benioff, a sales executive at Oracle, one of the largest software companies in the world. The company was founded on a single, bold premise – that software should be made available to the masses, on a 24/7 basis, over a global cloud computing infrastructure. Marc Russell Benioff is an American internet entrepreneur and philanthropist. Benioff is best known as the co-founder, chairman and CEO of the software company Salesforce, as well as being the owner of Time magazine since 2018. (Salesforce), a leading customer relationship management (CRM) company, chose Amazon Web Services (AWS) as its primary cloud provider in 2016. Today, Salesforce and AWS have a global strategic relationship focused on technical alignment and joint development. Salesforce remains a cloud hosted solution. Where is Salesforce data hosted? It depends on whether your org is on Hyperforce or not. If you’re on Hyperforce, then it will be stored on AWS. If you’re not on Hyperforce, then it will be stored in Oracle Database within Salesforce Data Centers. In both cases, Salesforce is cloud hosted. Like Related Posts Salesforce OEM AppExchange Expanding its reach beyond CRM, Salesforce.com has launched a new service called AppExchange OEM Edition, aimed at non-CRM service providers. Read more The Salesforce Story In Marc Benioff’s own words How did salesforce.com grow from a start up in a rented apartment into the world’s Read more Salesforce Jigsaw Salesforce.com, a prominent figure in cloud computing, has finalized a deal to acquire Jigsaw, a wiki-style business contact database, for Read more Health Cloud Brings Healthcare Transformation Following swiftly after last week’s successful launch of Financial Services Cloud, Salesforce has announced the second installment in its series Read more

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The Salesforce Story

The Salesforce Story

In Marc Benioff’s own words How did salesforce.com grow from a start up in a rented apartment into the world’s fastest growing software company in less than a decade? Read The Salesforce Story. For the first time, Marc Benioff, the visionary founder, chairman and CEO of salesforce.com, tells how he and his team created and used new business, technology, and philanthropic models tailored to this time of extraordinary change. Showing how salesforce.com not only survived the dotcom implosion of 2001, but went on to define itself as the leader of the cloud computing revolution and spark a $46-billion dollar industry, Benioff’s story will help business leaders and entrepreneurs stand out, innovate better, and grow faster in any economic climate. In Behind the Cloud, Benioff shares the strategies that have inspired employees, turned customers into evangelists, leveraged an ecosystem of partners, and allowed innovation to flourish. About the Authors Marc R. Benioff is the chairman and CEO of salesforce.com (NYSE: CRM), which he cofounded in 1999. Under Benioff’s direction, salesforce.com has grown from a groundbreaking idea into a publicly traded company that is the market and technology leader in enterprise cloud computing. LEARN MORE MAYNARD WEBB is an investor in startups through the Webb Investment Network, which he founded. He is a cofounder and board member of Everwise, a mentorship startup, and a board member of Visa and Salesforce, as well as the author of the New York Times bestselling Rebooting Work, with Carlye Adler. LEARN MORE Praise for Behind the Cloud – The Untold Salesforce Story “Salesforce.com and Google share a vision for how the cloud will revolutionize computing. Behind the Cloud gives us a rare glimpse at the development of one of the most important trends in business today.” Eric Schmidt, CEO, Google “In Behind the Cloud, Marc Benioff takes us through the ups and downs of building one of the most extraordinary businesses of our time and reveals the tactics that gave salesforce.com its amazing edge. This book will show you how to focus your vision, think differently, align your organization and transform your business and your life.” Anthony Robbins, author, Awaken the Giant Within and Unlimited Power “Reading this book, I laughed out loud many times as Marc told his story, a story of great ideas, thunder-stealing pranks, and a world consciousness that is at the heart of salesforce.com.” Neil Young “Reading, but also afterwards, practicing the 111 plays described by Marc Benioff opens the door for entrepreneurial success much better than any MBA program.” Klaus Schwab, founder, World Economic Forum, and cofounder, Schwab Foundation for Social Entrepreneurship “Cisco and salesforce.com share a vision of how the network is the platform to transform business. In his book, Benioff outlines how salesforce.com has used cloud computing to disrupt and reshape the enterprise software space. It is clear that we are just beginning to understand the potential of networked business and the future benefits and productivity gains of the next phase of the Internet.” John Chambers, chairman and CEO, Cisco “Behind the Cloud demonstrates what happens when companies act as good citizens. Everyone from employees to shareholders to the community wins. Get ready to be inspired and make a difference.” Charles Moore, executive director, Committee EncouragingCorporate Philanthropy Like Related Posts Salesforce OEM AppExchange Expanding its reach beyond CRM, Salesforce.com has launched a new service called AppExchange OEM Edition, aimed at non-CRM service providers. Read more Salesforce Jigsaw Salesforce.com, a prominent figure in cloud computing, has finalized a deal to acquire Jigsaw, a wiki-style business contact database, for Read more Health Cloud Brings Healthcare Transformation Following swiftly after last week’s successful launch of Financial Services Cloud, Salesforce has announced the second installment in its series Read more Alphabet Soup of Cloud Terminology As with any technology, the cloud brings its own alphabet soup of terms. This insight will hopefully help you navigate Read more

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