The word SaaSpocalypse is being discussed all around, analysts are calling Anthropic's recently launched AI automation tool as SaaSpocalypse. This has created a stir in the global technology market and all eyes are on Indian IT stocks like Infosys, Wipro and TCS. SaaSpocalypse is a combination of two words, SaaS (Software-as-a-Service) and Apocalypse. In Hindi it is being read as Sasapocalypse. The discussion started because the companies which till now have been printing billions of dollars on the basis of software services, are facing a big crisis. This threat to these companies is due to AI.
There was a huge selloff in the shares of US software companies overnight, which affected entire Europe and Asia. With the introduction of Anthropic's new tool, the shares of SaaS companies started falling drastically, so let us try to explain the whole story to you in simple words.
This tool is really a blast that is making waves. Anthropic has created a tool for enterprise users that can do all the work automatically. There is no need of any software for this, companies used to make different software and sell them. These software used to be designed to help the employees, but now AI has become so advanced and intelligent that these tools have started doing all the work alone without any software.
If you understand in simple language, now companies will not need software and all the work will be done by this tool of Anthropic, due to which no company will buy software from software making companies. Due to this, people investing money in software companies have become nervous, which is why there is a sudden decline in the shares of IT sector companies.
Anthropic has released 11 new plugins for Cloud Cowork Agent. It is an agentic, no-code AI assistant designed for enterprise users. The purpose of this tool is to automate tasks in legal, sales, marketing and data analysis functions, due to which the fear of disruption in the software ecosystem has increased.
According to Bloomberg, the selloff began before US markets opened as investors reacted to details posted on Anthropic's website about its enhanced cowork capabilities, particularly those targeting the legal sector.
Anthropic's Cloud Legal Agent is designed to handle routine legal tasks like document review, compliance checks, and drafting legal briefs. According to Bloomberg, the company has emphasized that all outputs should be reviewed by licensed lawyers. In addition to legal workflows, cloud agents can perform tasks that previously required interfacing with platforms like Salesforce or ServiceNow.
Anthropic Tool
CNBC-TV18 had reported that tools built for sales, marketing and data workflows have raised alarm bells for companies like Salesforce, DocuSign, Adobe, Workday and ServiceNow, shares of many of which have fallen 6% to 8% overnight.
According to Anthropic's website, there are several plugins that can now work with Cloud Cowork such as Productivity, which will manage tasks, plan the day and create a persistent memory of the work context. A product management plugin can write feature specs, plan roadmaps, synthesize user research, and keep stakeholders updated.
A marketing plugin can create content, plan campaigns, and analyze performance across marketing channels. Similarly, the Legal plugin can accelerate contract review, NDA triage, and compliance workflows for in-house legal teams. The Finance plugin helps simplify finance workflows including journal entries, reconciliations, financial statements and variance analysis.
Enterprise search can help you find all of a company's tools in one place, including email, chat, documents, and wikis. The Bio Research Plugin connects to preclinical research tools and databases to accelerate early-stage life sciences R&D. Whereas the data plugin can write SQL, explore datasets and generate insights as well as create visualizations and dashboards from raw data.
Read this also-A link came on WhatsApp, this person lost Rs 4 lakh as soon as he clicked it
