Sourcing in the AI Era: Inside Cvent’s Vision

And our industry's landscape is changing fast.

And of course, with these innovations and the constant change that AI is bringing, this is a new game where the successes that we've had in the past and what we've done then are not what is gonna make us successful in the future.

AI is clearly that disruptor.

But yes, it is also bringing all of us here opportunity, opportunity for us to go take.

So the winners are going to lean into the change, be curious, experiment, try out new things.

And of course, we're seeing event planners changing the way that they search, changing the way that they make decisions.

And hospitality professionals are rethinking the ways, the best ways for them to connect and collaborate with event planners.

Now, some of you might be those early adopters.

and we wanna work together with you to lean in and pioneer this change in this new chapter.

Others, you might wanna move a little more slowly, a little bit more deliberately, cautiously, optimistic.

Either way, we wanna help you manage this change together with you for what works best for you and your organization.

Now, I wanted to share this.

When teams are working through change, Your effectiveness and performance, those two things improve over time.

Now, of course, we all know at this point AI is here to stay, so we've passed what's called the forming stage.

What we're in now, and it probably feels like this a little chaotic, we're in the storming phase.

Storming, we're experimenting, testing, trying out new things, learning.

Some are working, some are not working.

But in the not too distant future, we're gonna be doing what's called norming.

This new normal, this new way of working is gonna help us work better, make better decisions, work smarter.

And ultimately, we'll be that, yes, high performing team reaping all the benefits and the rewards of the power that AI will bring us.

Now, our product vision at Cvent, it's simple.

It's powered by AI and it's helping our customers be more productive and helping them grow and manage their business.

And our AI strategy is gonna give you and event planners and hospitality professionals the choice for how you want to engage with Cvent and our platform.

So first, we're gonna be investing in our core products that customers are already using today, making them even better by bringing AI directly into those workflows.

Second, we're building brand new, from the ground up, native AI experiences, those AI chat, conversational capabilities and experiences that on Cvent are gonna make it simpler and smarter.