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The third wave of GTM tech is here, and it can solve these 7 problems.
We’ve all seen the shift happening.
The same boards and CEOs that encouraged growth at all costs a decade ago are now laser-focused on efficient growth.
GTM leaders across industries are being tasked to reduce waste and stop focusing on anything that doesn’t advance overall strategic objectives with predictable outcomes.
This environment can be tricky but can also inspire tremendous innovation.
After all, it’s the perfect time to inspect traditional processes and review our tech spend to see what changes could increase efficiency and stability.
Buyer needs are shifting
In a recent study, G2 found that the needs of technology buyers are shifting to be centered more around value, risk reduction, and experience.
According to G2, buyers care about:
Ease of implementation
ROI within 6 months
Scale with my team
User adoption
Support
Easy integration
Features
Price and security
7 problems with current GTM technology
Our analysts have identified seven core issues with current GTM technology that emerging tech players are trying to correct. Here are the themes that bubble to the top:
Data integration, cleansing, and sharing is still tricky: Despite huge and ongoing advances, there are known and systemic problems with current GTM technologies and processes. It can still be really hard to turn data into actionable insights that GTM teams can use to be more effective.
Seeing the big picture is almost impossible: We still struggle to see the full picture of what is happening across GTM activities and teams in an integrated, holistic way.
We need details but we want speed: GTM teams still need to understand the minutiae of deals, customer cycles, customer behavior, and GTM program performance, but we also need to be able to see the information in aggregate, quickly, from multiple different perspectives.
We have reduced tolerance for learning new systems with poor UI: We know what we want, and we know the system has that data. We have lost patience for complex processes. We expect the information we need to be present, accessible and easy to understand.
We finally get the importance of NRR: We know we need to keep our customers, and we know we need to expand them.
Failure is less acceptable than it used to be: We know that our CEOs, CFOs, and boards have low tolerance for experimentation and failure when it comes to using critical business resources.
We know we have to do more with less: Efficiency is everything.
We recently hosted a showcase of emerging GTM technology providers that are trying to solve many of these problems.
The 3 Waves of GTM Technology
Lots of things have experienced third waves: feminism, COVID, democracy, AI, cognitive behavioral therapy, and more.
We’ve been thinking a lot about the third wave of GTM technology (because of course we have!)
The First Wave
Tech like CRM, Marketing Automation, CMS, and ERP helped GTM leaders embrace the first wave:
Get core business functions online
Automate sales
Automate marketing
Collect and organize first-party data
The Second Wave
The second wave saw HR tech, sales engagement, customer success, sales enablement, ABM, productivity, and Ops innovations giving GTM teams the following ability to:
Hone in on department-specific use cases
Follow a repeatable process
Manage and scale functional teams
Use first- and third-party data
The Third Wave
The third wave of GTM technology involves emerging technology related to and enabling RevOps, sales intelligence, AI assistants, conversation intelligence, and more. These tools enable:
The cross-functional unification of Go-to-Market teams
Revenue efficiency
Single source of truth
Customer obsession and a focus on NRR
It’s also exciting to see technology vendors that came of age during the first and second waves embracing third-wave concepts in their latest product releases and offerings.
Emerging technology companies to watch
We released a report on emerging GTM tech and recently hosted an emerging GTM tech showcase to highlight companies that are embracing the third wave.
The companies we researched all centered on three key themes:
Improving overall revenue efficiency
Improving NRR
Driving more pipeline and increasing sales velocity
The tools we highlighted focused on a few key GTM activities including:
Better understanding and team-wide adoption of using an Ideal Customer Profile to focus marketing, sales, and CS efforts.
Scaling content and driving more brand awareness
Understanding and driving customer value to improve retention and expansion
Collecting information quickly using AI
Presenting actionable analysis and next steps using AI
Sales and CS Coaching using AI
Each and every one of the third-wave technologies is focused on ease of integration, ease of use, and ease of activity execution.
Here are some examples.
Tech that improves revenue efficiency
Attention: an AI-powered sales assistant helping teams overcome inefficiencies at every stage of the sales cycle
BigLittle.ai: a revenue leak mitigation platform
Falkon: a go-to-market intelligence platform that helps teams win more deals through actionable insights and automation that drives operational excellence
Fullcast: a RevOps platform for GTM planning and execution
Ignition: the first system of record for Go-to-Market
OpenGTM: a SaaS company providing AI-powered revenue intelligence to find, refine, monitor, and apply a company's Ideal Customer Profile (ICP)
Xply: a revenue planning platform for sales and marketing
Tech that improves NRR
Foresight: a platform for customer-led growth infrastructure
Tech that drive pipeline and/or increase sales velocity
Demandwell: an SEO growth platform for B2B SaaS
Inflection: a B2B marketing automation platform purpose-built for product-led growth
Factors.ai: a business-to-business (B2B) analytics software firm
The Juice: a B2B content discovery platform
MarketMuse: an AI content planning and optimization software
Lavender: provider of the leading AI-powered sales email coaching platform
Most GTM teams are under a significant amount of pressure today to produce more revenue, do it quickly, and do it as inexpensively as possible.
Whether you are in the market today for a solution to help you, or you simply want to be informed about what other people are struggling with and investing in technology to solve, these two sessions of the Emerging Technology Showcase might be able to shed some light on things.
We had a great time in Los Angeles last week for our roadshow. If you missed out, we did our Thursday night happy hour at . . . THE MAGIC CASTLE!
It’s going to be hard to top that, but Karthi always finds a fun activity for us to do the night before the roadshow. Join us in San Francisco in December!
Happy November!
Love,
The GTM Partners’ Team