{"id":22493,"date":"2023-07-13T12:55:00","date_gmt":"2023-07-13T17:55:00","guid":{"rendered":"https:\/\/blog.planview.com\/?p=22493"},"modified":"2024-03-20T09:31:18","modified_gmt":"2024-03-20T14:31:18","slug":"productivity-ai-and-the-future-of-digital-connected-work","status":"publish","type":"post","link":"https:\/\/blog.planview.com\/productivity-ai-and-the-future-of-digital-connected-work\/","title":{"rendered":"Productivity, AI, and the Future of Digital Connected Work"},"content":{"rendered":"\n<p>Driving innovation is the top priority identified by more than 1,300 C-suite executives across North America, Asia Pacific, and Europe, according to a<a href=\"https:\/\/deloitte.wsj.com\/articles\/what-priorities-are-true-priorities-1b35b0b2?tesla=y&amp;tesla=y\"> recent survey<\/a> conducted by Deloitte. The survey also revealed that conflicting priorities pose the greatest obstacle to innovation. A goal line that&#8217;s constantly shifting is one of the most effective ways to impede team productivity.<br><br>In the United States&nbsp;alone, boosting&nbsp;productivity represents a $10 trillion opportunity, according to <a aria-label=\" (opens in a new tab)\" href=\"https:\/\/www.mckinsey.com\/mgi\/our-research\/rekindling-us-productivity-for-a-new-era#introduction\" target=\"_blank\" rel=\"noreferrer noopener\" class=\"ek-link\">recent research<\/a> by McKinsey.&nbsp;Productivity growth in the US in the last 15 years slowed to an average of 1.4 percent &#8212; a lackluster number compared to the post-war years of 1948-70, which saw an average of 2.8 percent growth.&nbsp;&nbsp;<\/p>\n\n\n\n<p>The decline in labor productivity growth isn\u2019t just a stateside issue; since 2005, it\u2019s been a global concern. But the need to battle economic headwinds like workforce shortages, debt, inflation, and the energy transition could reverse the trend. &nbsp;<\/p>\n\n\n\n<p>Productivity has long been a source of curiosity and study for Planview\u2019s Chief Technology Officer, Dr. Mik Kersten. In a June interview on NYSE Floor Talk, he discussed the topic &#8212; and how Planview\u2019s mission to support digitally connected work can improve productivity.&nbsp;<\/p>\n\n\n\n<div id=\"ez-toc-container\" class=\"ez-toc-v2_0_80 counter-hierarchy ez-toc-counter ez-toc-grey ez-toc-container-direction\">\n<div class=\"ez-toc-title-container\">\n<p class=\"ez-toc-title\" style=\"cursor:inherit\">Table of Contents<\/p>\n<span class=\"ez-toc-title-toggle\"><a href=\"#\" class=\"ez-toc-pull-right ez-toc-btn ez-toc-btn-xs ez-toc-btn-default ez-toc-toggle\" aria-label=\"Toggle Table of Content\"><span class=\"ez-toc-js-icon-con\"><span class=\"\"><span class=\"eztoc-hide\" style=\"display:none;\">Toggle<\/span><span class=\"ez-toc-icon-toggle-span\"><svg style=\"fill: #999;color:#999\" xmlns=\"http:\/\/www.w3.org\/2000\/svg\" class=\"list-377408\" width=\"20px\" height=\"20px\" viewBox=\"0 0 24 24\" fill=\"none\"><path d=\"M6 6H4v2h2V6zm14 0H8v2h12V6zM4 11h2v2H4v-2zm16 0H8v2h12v-2zM4 16h2v2H4v-2zm16 0H8v2h12v-2z\" fill=\"currentColor\"><\/path><\/svg><svg style=\"fill: #999;color:#999\" class=\"arrow-unsorted-368013\" xmlns=\"http:\/\/www.w3.org\/2000\/svg\" width=\"10px\" height=\"10px\" viewBox=\"0 0 24 24\" version=\"1.2\" baseProfile=\"tiny\"><path d=\"M18.2 9.3l-6.2-6.3-6.2 6.3c-.2.2-.3.4-.3.7s.1.5.3.7c.2.2.4.3.7.3h11c.3 0 .5-.1.7-.3.2-.2.3-.5.3-.7s-.1-.5-.3-.7zM5.8 14.7l6.2 6.3 6.2-6.3c.2-.2.3-.5.3-.7s-.1-.5-.3-.7c-.2-.2-.4-.3-.7-.3h-11c-.3 0-.5.1-.7.3-.2.2-.3.5-.3.7s.1.5.3.7z\"\/><\/svg><\/span><\/span><\/span><\/a><\/span><\/div>\n<nav><ul class='ez-toc-list ez-toc-list-level-1 ' ><li class='ez-toc-page-1 ez-toc-heading-level-2'><a class=\"ez-toc-link ez-toc-heading-1\" href=\"https:\/\/blog.planview.com\/productivity-ai-and-the-future-of-digital-connected-work\/#NYSE_Floor_Talk_Welcomes_Planview\" >NYSE Floor Talk Welcomes Planview&nbsp;&nbsp;<\/a><\/li><li class='ez-toc-page-1 ez-toc-heading-level-2'><a class=\"ez-toc-link ez-toc-heading-2\" href=\"https:\/\/blog.planview.com\/productivity-ai-and-the-future-of-digital-connected-work\/#Hear_More_from_Mik_on_Mik_One\" >Hear More from Mik on Mik + One&nbsp;<\/a><\/li><\/ul><\/nav><\/div>\n<h2 class=\"wp-block-heading\"><span class=\"ez-toc-section\" id=\"NYSE_Floor_Talk_Welcomes_Planview\"><\/span>NYSE Floor Talk Welcomes Planview&nbsp;&nbsp;<span class=\"ez-toc-section-end\"><\/span><\/h2>\n\n\n\n<p>NYSE Floor Talk, taped on the trading floor and shared on the NYSE\u2019s social channels, gives company leaders and innovators the opportunity to discuss their latest business developments, initiatives, and milestones.&nbsp;&nbsp;<\/p>\n\n\n\n<p>On the show, NYSE Floor Talk\u2019s host Judy Shaw interviewed Mik to learn more about how Planview is building the future of connected work. Tune into their conversation below.&nbsp; <\/p>\n\n\n\n<figure class=\"wp-block-embed is-type-video is-provider-youtube wp-block-embed-youtube wp-embed-aspect-16-9 wp-has-aspect-ratio\"><div class=\"wp-block-embed__wrapper\">\n<div class=\"embed-responsive\"><iframe loading=\"lazy\" title=\"Planview&#039;s building connected work with portfolio management and work management solutions\" width=\"500\" height=\"281\" src=\"https:\/\/www.youtube.com\/embed\/4dsF5SjfwKY?feature=oembed\" frameborder=\"0\" allow=\"accelerometer; autoplay; clipboard-write; encrypted-media; gyroscope; picture-in-picture; web-share\" referrerpolicy=\"strict-origin-when-cross-origin\" allowfullscreen><\/iframe><\/div>\n<\/div><\/figure>\n\n\n\n<h3 class=\"wp-block-heading\" id=\"h-can-you-tell-us-about-planview-and-your-company-s-mission-to-support-digital-connected-work\"><strong>Can you tell us about Planview and your company\u2019s mission to support digital connected work?<\/strong>&nbsp;<\/h3>\n\n\n\n<p>As we see on the floor here and all over the world, technology is changing everything. Many traditional businesses need to transform, and those transformations are all about the people. So, connecting people to their customers, connecting strategy to delivery, and now connecting the power of generative AI to how we invest, how we track, and how we manage digital products and experiences is critical.&nbsp;&nbsp;<\/p>\n\n\n\n<p>Over the course of the last couple of decades, all these new ways of working have come in. All these team tools have made it easier for us to work and collaborate, but most of that is just completely disconnected from a company\u2019s strategy.&nbsp;&nbsp;<\/p>\n\n\n\n<p>We\u2019ve got these strategic drifts where the boardrooms and CEOs and executive teams have all these amazing ideas of how to help the companies move fast, but all of that is disconnected from the day-to-day work people are doing, from the software they\u2019re creating, from the code that they\u2019re writing.&nbsp;&nbsp;<\/p>\n\n\n\n<p>So, we\u2019ve created this whole new platform that allows teams to continue to use the tools that make them productive, make them happy, and have them do their best work while having all that connected in a closed loop, and now, being able to generate all the AI-based insights into how we can optimize the way that we deliver value to our customers.&nbsp;<\/p>\n\n\n\n<figure class=\"wp-block-image size-large\"><img loading=\"lazy\" decoding=\"async\" width=\"1024\" height=\"478\" src=\"https:\/\/blog.planview.com\/wp-content\/uploads\/2023\/07\/PV-logo-on-NYSE-floor-1024x478.jpeg\" alt=\"\" class=\"wp-image-22554\" srcset=\"https:\/\/blog.planview.com\/wp-content\/uploads\/2023\/07\/PV-logo-on-NYSE-floor-1024x478.jpeg 1024w, https:\/\/blog.planview.com\/wp-content\/uploads\/2023\/07\/PV-logo-on-NYSE-floor-300x140.jpeg 300w, https:\/\/blog.planview.com\/wp-content\/uploads\/2023\/07\/PV-logo-on-NYSE-floor-150x70.jpeg 150w, https:\/\/blog.planview.com\/wp-content\/uploads\/2023\/07\/PV-logo-on-NYSE-floor-768x358.jpeg 768w, https:\/\/blog.planview.com\/wp-content\/uploads\/2023\/07\/PV-logo-on-NYSE-floor-1536x717.jpeg 1536w, https:\/\/blog.planview.com\/wp-content\/uploads\/2023\/07\/PV-logo-on-NYSE-floor.jpeg 1873w\" sizes=\"auto, (max-width: 1024px) 100vw, 1024px\" \/><\/figure>\n\n\n\n<h3 class=\"wp-block-heading\"><strong>What would you say is the biggest problem you\u2019re solving for your customers?<\/strong>&nbsp;<\/h3>\n\n\n\n<p>I\u2019ve done a lot of my former research in productivity \u2013 specifically in developer productivity and digital productivity \u2013 and what we see is that, if you look at a large enterprise, around 75% of the investment they put in technology is just wasted. It\u2019s wasted on various bottlenecks, on overloaded teams, on work being canceled, and we\u2019ve actually been able to measure that.&nbsp;&nbsp;<\/p>\n\n\n\n<p>We\u2019ve devised a way of measuring knowledge work and productivity like you might measure cars moving down an assembly line. That\u2019s this thing we\u2019ve created called the flow framework. It\u2019s how to measure the flow of knowledge work across teams. And the problem is that when you\u2019ve got things disconnected, when you\u2019ve got constant frustrations from teams waiting on approvals, waiting on some cloud service that they need that they never got, you have a lot of waste in the system.&nbsp;<\/p>\n\n\n\n<p>Yet we have all these companies, some startups and unicorns and tech giants, that have actually figured this out. They\u2019re able to deliver value in a matter of days, create new products, new features, adapt to all the power that we have right now with generative AI tools like ChatGPT.&nbsp;&nbsp;<\/p>\n\n\n\n<p>Our whole goal is to actually take that waste out of the system, and for traditional enterprises and companies that want to thrive in this AI and software environment, connect all of their value streams\u2014how they deliver value to their customers\u2014and then help them optimize that to deliver at the pace of a startup, even though they might have tens or hundreds of thousands of staff.&nbsp;<\/p>\n\n\n\n<h3 class=\"wp-block-heading\"><strong>How would you say you\u2019re different from your competitors?<\/strong>&nbsp;<\/h3>\n\n\n\n<p>The tool landscape has evolved through a lot of developer technologies, technologies created by coders for themselves, so there are a lot of team tools across the entire market. Those have become very successful companies like Atlassian, ServiceNow, and technologies like GitHub that\u2019s now part of Microsoft. And those make teams productive.&nbsp;&nbsp;<\/p>\n\n\n\n<p>Rather than telling organizations you must move everything to our platform and swap out all your team tools, such as moving everything to Salesforce or moving everything to ServiceNow, we have a platform that\u2019s agnostic. It allows teams to work in the way that makes them productive and companies to leverage those platforms over their cloud platforms or workflow platforms but get that end-to-end visibility and see that end-to-end flow of value, and of course, optimize that to transform faster.&nbsp;<\/p>\n\n\n\n<h3 class=\"wp-block-heading\"><strong>What would you say are your key growth drivers?<\/strong>&nbsp;<\/h3>\n\n\n\n<p>We\u2019ve been able to take that world of <a href=\"https:\/\/www.planview.com\/products-solutions\/solutions\/value-stream-management\/\" target=\"_blank\" aria-label=\"value stream management (opens in a new tab)\" rel=\"noreferrer noopener\" class=\"ek-link\">value stream management<\/a> and connect it to what Planview is the leader in, which is <a href=\"https:\/\/www.planview.com\/products-solutions\/solutions\/strategic-portfolio-management\/\" target=\"_blank\" aria-label=\" (opens in a new tab)\" rel=\"noreferrer noopener\" class=\"ek-link\">strategic portfolio management<\/a>. Planview acquired the company I founded, Tasktop, a year ago, and we were able to bring these two worlds together and give companies the best of both worlds by making sure that everyone\u2019s got the tools they need to be productive with this end-to-end platform. That\u2019s driven tremendous growth for us over the course of the last year.&nbsp;<\/p>\n\n\n\n<p>Last year, our ARR was $380 million, and that was 17% growth over the year prior. We have 4,500 customers who are now very excited to see what\u2019s coming down the pike in terms of how we actually leverage all this data that we have to present them with complete conversational ways of interacting.&nbsp;&nbsp;<\/p>\n\n\n\n<p>A Chief Technology Officer or Chief Product Officer can ask, what is my bottleneck? How do I move to market faster? Where is my transformation being hung up? Where do I need to invest? Where do I need to reallocate resources through what we\u2019re now building with our copilots and ChatGPT?&nbsp;&nbsp;<\/p>\n\n\n\n<p>It\u2019s obviously the customers that make this so fun and so rewarding. Seeing their success, where we help them become digital innovators, has been an amazing part of the ride.&nbsp;&nbsp;<\/p>\n\n\n\n<h2 class=\"wp-block-heading\"><span class=\"ez-toc-section\" id=\"Hear_More_from_Mik_on_Mik_One\"><\/span><strong>Hear More from Mik on Mik + One<\/strong>&nbsp;<span class=\"ez-toc-section-end\"><\/span><\/h2>\n\n\n\n<p>Learn more about how software delivery leaders are delivering software at scale with transformative solutions by listening to Dr. Mik Kersten\u2019s podcast, <a href=\"https:\/\/www.planview.com\/lp\/mik-plus-one\/\" target=\"_blank\" aria-label=\" (opens in a new tab)\" rel=\"noreferrer noopener\" class=\"ek-link\">Mik + One<\/a>. His most recent guest is technology visionary George Kadifa on the topic generative AI and its potential impact on the tech industry.&nbsp;<\/p>\n","protected":false},"excerpt":{"rendered":"<p>Productivity has long been a source of curiosity and study for Planview\u2019s Chief Technology Officer, Dr. Mik Kersten. In a June interview on NYSE Floor Talk, he discussed the topic &#8212; and how Planview\u2019s mission to support digitally connected work can improve productivity.<\/p>\n","protected":false},"author":251,"featured_media":22553,"comment_status":"closed","ping_status":"closed","sticky":false,"template":"","format":"standard","meta":{"_acf_changed":false,"_editorskit_title_hidden":false,"_editorskit_reading_time":0,"_editorskit_is_block_options_detached":false,"_editorskit_block_options_position":"{}","footnotes":""},"categories":[9582,9545,9543,477],"tags":[],"class_list":["post-22493","post","type-post","status-publish","format-standard","has-post-thumbnail","hentry","category-artificial-intelligence","category-the-flow-framework","category-value-stream-management","category-vision-trends"],"acf":[],"yoast_head":"<!-- This site is optimized with the Yoast SEO Premium plugin v26.8 (Yoast SEO v26.8) - https:\/\/yoast.com\/product\/yoast-seo-premium-wordpress\/ -->\n<title>Productivity, AI, and the Future of Digital Connected Work - 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