Brad Gillespie, founder, The METHOD Project
The tech landscape for Meetings & Events
has long been poised for disruption. Several of the “major” tech players have
been tantalizingly close to entering the market but haven’t yet taken the leap.
By major, think Microsoft, Google, Oracle, Amazon, IBM, Apple, Dell,
Salesforce, Adobe, ServiceNow, SAP, etc. 2025 will be the year that we see at least one
finally make the leap.
Why Is Now the Time?
It all comes down to AI. Adoption of AI is
skyrocketing with more companies investing in it. This includes the household
names in Meetings & Events tech who are adding AI as “bolt-on”
capabilities. While the state of AI is fluid, it’s stable and—more importantly—it’s
mature enough to tackle the core generative and agentic AI use cases for the $1
trillion-plus Meetings & Events market. For context, generative AI focuses
on creating new content like text, images or even code based on patterns in
data. Whereas generative AI requires prompting, agentic AI focuses on
autonomous decision-making and action-taking, allowing systems to interact with
their environment to complete tasks without constant human intervention. It's
designed to be more like a human than generative AI systems, which are
programmed for specific tasks. Big tech started AI initiatives years ago and is
primed to deploy new capabilities. Meetings & Events present a great
opportunity, but there are some different paths to get there.
Microsoft
Leads the Way in Big Tech
Microsoft was a major force in bringing AI to
market even before its recent announcement of an $80 billion investment to
build data centers, deepen partnerships and create new purpose-built models.
Microsoft is deeply established in workplace apps that planners and marketers
use every day for various planning tasks, and has partnered with the likes of
Amadeus (via Cytric Easy), Marriott and Air India. It won’t
be long before the end-to-end meetings workflow could be powered by Microsoft
Azure’s OpenAI service with a handy agent companion in Copilot. Microsoft could
continue its current path, which is clearly working, or perhaps accelerate it
via a strategic acquisition of one of the current Meetings & Events tech
providers. Google (Gemini), IBM (Watson) or Oracle (Oracle Cloud
Infrastructure) could follow similar paths.
Platform
Players Taking a Different Approach
Several major platform players already support
Meetings & Events workflows, and their investments in AI will only make
those stronger. ServiceNow successfully evolved from the tool of choice for the
IT Help Desk to power a range of workflows including sourcing, procurement, HR and—more
recently—marketing. Salesforce can power various workflows like budgeting,
inventory management (think ticketing, room management, etc.) promotions and
follow-up. Some of the platform players also create opportunities for
enterprising tech entrepreneurs to build on top of these platforms:
- Tenon is built on the ServiceNow platform
and extends the legendary ServiceNow workflows to various marketing use cases,
including events (Tenon has received funding from ServiceNow Ventures)
- Blackthorn.io is a Salesforce-native events
app built entirely on the Force.com platform utilizing Salesforce
infrastructure for hosting, app management and delivery. This enables
Blackthorn customers to leverage data across the Salesforce ecosystem and
create more data-driven events.
These platform options not only reduce risk
and improve performance…you guessed it…they
bring the massive investments in “near-native AI” (ServiceNow AI, Agentforce)
directly into the Meetings & Events workflow. Users of apps like Tenon and
Blackthorn will get the benefit of that investment in Agentic AI by Salesforce
and ServiceNow. Adobe (Sensei), HubSpot (Breeze), and Zoom (AI Companion) could
follow similar paths. Much like big tech, platform players could be enticed to
enter the market in a bigger way via strategic acquisition.
New
“Native AI” Entrants will Emerge
Building new apps in the age of AI presents
unique opportunities, and the next entrant into the Meetings & Events
sweepstakes will most likely be true “Native AI.” There are a few different
ways to add AI to a system. For current players in Meetings & Events tech,
the options are 1) add some AI-based ‘controls’ to the existing system, 2)
replace existing components of the system with AI-based components, 3) add a
new AI-based component onto the system, or 4) re-build with AI-native
architecture. Options 1 and 2 are “bolt-on” options. This is what most of the
current players are doing. For platform players, the approach was Option 3—to
"bake in" AI more deeply. But native AI represents a paradigm change.
Bolt-ons must consider the current state of
things—perhaps a non-intuitive workflow, lack of relevant data, integration
difficulties and all the inherent challenges—and then try to make the best use
of AI considering these limitations while ‘retrofitting.’ Near-natives take
this a giant leap farther. Players like Salesforce and ServiceNow are baking in
their own AI models into workflows and processes across platforms they already
control. They also can partner with AI providers like Microsoft Azure OpenAI
Service, to extend capabilities further. Near natives are excellent options for
leveraging AI, but nothing like what native AI represents.
Without “current-state” limitations, native AI
will enable a new entrant to completely re-imagine the experience for Meetings &
Events (and travel and hospitality!). An AI-native architecture places
intelligence throughout the product at every layer and touchpoint. Think about
the next time you need to go to a conference. The App…
- is voice prompted that you will
attend
- knows your schedule, travel and
expense policy, valuable content and people you’d like to meet on-site, etc.
- registers you via a secure,
encrypted “token” sharing only the information you authorize
- behaves intelligently, making decisions
you would make yourself, doing the work for you and triggering the best
possible experience
- books travel with your preferred
airline, hotel in the room block (with preferences), an Uber and makes a dinner
reservation on Tuesday after the close of sessions
- tracks relevant sessions and
content, and provides notes once you get back to the office
We’re not so far off from this reality, and
this is just the beginning. My bet is we see at least one native AI new entrant
in 2025. The major players have several paths to enter this market in 2025 as
well—and I’m hopeful we’ll see at least one join the fun.