AI-enabled SaaS on rise as 60% of companies shift towards AI Integration

The rise of artificial intelligence is transforming industries worldwide and reshaping the way we live, work, and interact. The latest report by global VC firm Bessemer Venture Partners revealed that nearly 60% of pure SaaS companies are shifting towards becoming AI-enabled SaaS providers. Artificial intelligence streamlines traditional software testing tasks like defining requirements, developing code, testing, and maintenance by offering smart solutions that save time and effort, said Visakh ST, CTO at Simplify3x. The evolution, fueled by advances in artificial intelligence, sees software graduating from pre-programmed tools to adaptive, learning entities capable of independent problem-solving and decision-making, said Dr Romel Bhattacharjee, Senior Analyst—Technology Research & Advisory, Aranca. We already see glimpses of this future: algorithms that predict disease outbreaks with remarkable accuracy, compose music, create videos and even design entirely new materials with unheard-of properties," he said.