Dear community,
I always love reading the predictions of Scott Galloway for the next year, which is why I want to do the same for Tech Sales:
Prediction 1: The market will continue to be tough and if there is a recovery, it will not be until the end of 2025.
For most of you who have day-to-day customer contact, this prediction will be like stating the obvious. From what I hear from my customers and my network, the situation across all sectors remains tense - or should I say normalized after the boom years? I don’t see any particular macroeconomic event that should bring about a sudden upswing.
Prediction 2: Tech companies will move more towards consumption-based pricing.
Driven by the AI boom, traditional SaaS companies are also questioning their pricing structure. Price per seat is more or less like an all-you-can-eat buffet. Customers who don’t like the food will no longer visit the restaurant anyway = they will churn. Those who do enjoy the food will fill their stomachs without paying adequately for the value. That’s why there will be a shift towards more consumption-based pricing and there will also be a lot of hybrid models.
Prediction 3: Almost every major tech player will integrate AI into their offering.
Not including AI in one’s offering makes absolutely no sense. Pretty much every offering can be improved by AI, even if it’s just an assistant that helps users to find their way around the platform better. The revolution will not come overnight, but gradually. Those companies that now equip their core product with AI functionalities in a meaningful (!) way will have a competitive advantage.
Prediction 4: The concept of the traditional Customer Success Team as we have seen it in Tech Sales in the last years is increasingly being called into question.
In recent years, many organizations have allowed their customer success teams to never be accountable for operational results. The only metric the customer success team is often measured against is retention. But when customers churn, macroeconomic circumstances are often taking the blame. App consolidation initiatives and tough market conditions in particular show that customer success teams are more important than ever. But when I’m talking about Customer Success I am not talking about impersonal pooling systems, or business reviews that just present KPIs without any implications, or roadmap sessions for a little crystal ball gazing. The future of great customer success teams will be working hand in hand with the account executive to increase the business value of a solution by ensuring successful adoption and use of the technology. If the account executive is the CEO at the account level, then CSMs must become the COO.
Prediction 5: AI SDRs will make major advances.
A lot of money has been poured into the market of AI SDRs, and all you hear from the industry is that the technology is not ready yet. However, I firmly believe that if you train an LLM implementation-heavy on company-specific data, you can get very good results. When I think about how few SDRs, let alone Account Executives, have a good feel for which company or which lead has potential and who can be qualified out right away, I believe that you can quickly achieve good solutions with simple heuristics. And if it is not the booking of a meeting, then at least a lead scoring procedure can be set up well.
What are your thoughts, do you agree?
What are your predictions?