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it was short Workdays are scarce in America, but there was a lot to read and think about. Today, let’s take a look at the future of vertical SaaS, what he thinks will happen in the second half of 2023 for Israeli startups, and some thoughts on the happiness of founders. — Anna
industry-specific knowledge
Vertical AI is the next logical iteration of vertical SaaS, Index Ventures partner Paris Heyman recently argued at TechCrunch+. In other words, just as companies used to buy cloud-based software made for their industry, they bought his AI applications that leverage the underlying models and infrastructure to serve their business needs. You will be able to do it.
Some of the business applications of AI are certainly horizontal, “meaning that customers in all industries can use it,” but many AI applications will also be vertical, or industry-focused. Heyman predicted.
Both horizontal and vertical applications can make your business more efficient. But according to Heyman, “AI-enhanced software applications are most powerful when they have a deep underpinnings of end-user workflows and access to valuable industry-specific training data.”
I tend to agree with Heyman, and some of the examples he mentions prove that the demand for vertical AI already exists. For example, international law firm Allen & Overy recently announced a partnership with Harvey, an OpenAI Startup Fund-backed startup that outsources legal work to AI and LLMs.
“This is a game-changing product that can unlock the power of generative AI and transform the legal industry,” declared an A&O executive.
