When Will the Legacy SI Guys Wake Up?
The reason the legacy SIs are where they are is that none of those companies are led by smart, quality CEOs.
ServiceNow (NOW) and Palantir (PLTR) are SIs with software wrappers. Nothing more. If Accenture (ACN), IBM (IBM) and the rest of the legacy SI gang wish to have PLTR or NOW-like multiples, they need to build that infrastructure software layer that allows PLTR and NOW to position themselves as Software companies and charge ridiculous prices.
The reason the legacy SIs are where they are is that none of those companies are led by smart, quality CEOs. I hate to be punitive, but that is the truth. Most are led by weak, unimaginative, non-technical CEOs. I would bet that even Arvind Krishna, IBM’s CEO who does have a technical background, has less than 1,000 hours logged with LLMs. I won’t touch on ACN’s CEO because it was apparent she was a fraud from Day 1. Talk about a WEAK resume for a Technology service provider CEO.