PredictionAudio · 8:51 — 11:31
Infrastructure software is undervalued and will thrive as enterprises store 10x more data over the next three years, and systems of record will be reinvented as agents eliminate UIs.
Arora segments the SaaS market into three categories: analytical SaaS is dead, infrastructure software is undervalued because enterprises will store 10x more data, and systems of record/work will be reinvented over the next five years as agents eliminate the UI layer. ✦ AI generated
Nikesh Arora · All-In Podcast · 2026-06-08 · original ↗
plays this moment only · 8:51 — 11:31
Infrastructure software, undervalued. ... Stuff that gives you databases. You collect data into it, stuff that allows the infrastructure to work, whether it's a, you know, database software. Databricks, Snowflake, MongoDB, Oracle, Oracle, all these things you need. Core storage infrastructure, core data. 10 times the data stored in enterprise than we have today. Next 3 years, 10 times. ... I think the category in the middle is called, let's call it system of work or system, a record, people call them. Those are deeply embedded in the way businesses work. ... What's going to happen is step one, we will take away UI and let agents do the work. ... Enterprise software and consumer software UI is the worst thing we did as technologists. ... If that happens, UI goes away. If UI goes away, I can rewire my system of work. ... So I think the whole system of work, system of record gets reinvented in the next five years.
verbatim transcript · starts at 8:51
Around this claim
This moment responds to
extends → Anthropic's Claude/Cloud Tag has already cracked the hard 'zero-to-one' problem of a shared-context multiplayer AI, which means SaaS software will progressively melt away as the model itself becomes the connective tissue of the enterprise.Pash · The Cognitive Revolutionextends → Models will become a utility layer where you buy intelligence on demand at different price points, and the profit pools are in applications, not in the models themselves.Nikesh Arora · All-In Podcastextends → SaaS applications are being architecturally disrupted because the agent tier is replacing the old business-logic tier that used to be tightly coupled with data and UI, and low-ARPU/high-usage products like Microsoft 365 are best positioned for this shift.Satya Nadella · BG2 Pod