New capabilities include RaptorDB Pro
high-performance database for up to 53% improvement in overall
transaction times, 27X faster pulling of reports, analytics, and
list views, and 3X increase in transactional throughput across
workflows
Future elements include unified Knowledge Graph
that connects enterprise-wide events, operations, and people data
for real-time personalization
ServiceNow (NYSE: NOW), the AI platform for business
transformation, today announced powerful data enhancements to the
Now Platform designed to unlock value with ultra-scale and
performance. New capabilities in this next-generation data layer
include RaptorDB Pro high-performance database, with early use
cases demonstrating a 53% improvement in overall transaction times,
27X faster pulling of reports, analytics, and list views, and 3X
increase in transactional throughput across workflows, enabling
more users and more workflows on ServiceNow instances. Future
elements will include a unified Knowledge Graph that connects
enterprise-wide events, operations, and people data for real-time
personalization. The announcement was unveiled alongside the launch
of the ServiceNow Now Platform Xanadu release, which introduced
hundreds of additional new AI and automation innovations for
ServiceNow.
This press release features multimedia. View
the full release here:
https://www.businesswire.com/news/home/20240910738918/en/
(Graphic: Business Wire)
RaptorDB Pro, available today, delivers significant innovation
in performance and scale, enabling customers to centralize
operational data and analytics onto the ServiceNow platform so more
employees can access real-time, contextual insights from the same
data that powers their workflows. With RaptorDB Pro, employees can
execute complex analytics without lag, which results in quicker
answers to their most challenging questions.
“The future of business is AI-powered, and databases must evolve
to meet the scale required by today’s complex data environments,”
said Pat Casey, chief technology officer and executive vice
president, DevOps at ServiceNow. “These capabilities set a new
standard for transforming data processing, AI inferencing, and
analytics. With these improvements, customers can scale their
workflows with speed, connectivity, and personalization on the
ServiceNow platform.”
Driving data scale and speed for complex AI use cases
The need for more robust data platforms that can handle vast
amounts of information, perform complex analyses quickly, and
optimize for better workflow performance has increasingly become a
requirement in today’s AI-driven landscape. At the same time, Now
Assist, ServiceNow’s GenAI experience, is delivering tangible
increases in productivity, self-service, case deflection, developer
innovation, and cost efficiencies. As customer needs and demand for
Now Assist have grown, ServiceNow is evolving to meet them with new
and improved platform performance and corresponding database scale
and sophistication capabilities built for the AI era.
To enable customers to better execute mission-critical workflows
across industries, ServiceNow has enhanced the company’s core
configuration management database (CMDB) and industry data
models—bringing together top-tier analytics, rapid performance,
real-time personalization, and automation across systems and data
sources into one, unified platform. This starts with RaptorDB
Standard, which was initially introduced at Knowledge 2024,
features improvements over ServiceNow’s current database, and is
available now to new customers and to all customers next year.
RaptorDB Pro, the premium version of RaptorDB, builds on these
capabilities to even more quickly filter and process the data that
matters most, giving employees answers to even their most complex
queries faster, along with the ability to take immediate action on
those insights from the single ServiceNow platform.
ServiceNow is also rolling out its RaptorDB Lighthouse Program,
which was designed for a select group of top customers to
co-innovate with ServiceNow and remain at the forefront of business
transformation with RaptorDB. Results from early-adopter customers
show that these organizations can extend and scale workflows to
more areas of their business, and their employees can analyze data
faster and act accordingly in real-time.
Early next year, ServiceNow plans to launch Knowledge Graph,
which consolidates data management and analytics, reducing the need
for manual data mapping and complex integrations. With Knowledge
Graph, customers will better manage a mass influx of insights,
making it simpler and faster to connect real-world events and pull
together data across an organization’s ecosystem of operations,
employees, customers, and partners for enhanced personalization.
Knowledge Graph’s GenAI capabilities will allow employees to obtain
real-time personalized information for better decision-making;
suppliers to collaborate more easily with reduced delays and
enhanced supply chain management; and customers to get more
personalized support.
With these powerful data enhancements, ServiceNow is empowering
organizations across all industries to manage and examine vast
datasets in one system of action, revolutionizing their operations
and ensuring customer capacity for essential tasks on ServiceNow.
This can range from telecoms managing global network traffic to
manufacturers running predictive maintenance across multiple sites
to retailers training AI-powered chatbots to deliver personalized
shopping experiences. The result is unparalleled scalability,
efficiency, and customization.
Strategic acquisitions strengthen ServiceNow’s enterprise
data strategy
ServiceNow is continuing to expand its capabilities in the data
arena through strategic acquisitions, positioning the Now Platform
at the forefront of AI innovation. The recent acquisition of
Raytion transforms user experiences by enabling secure access to
data from multiple enterprise sources, providing users with an
expansive enterprise search experience and the information they
need, all from a single entry-point. Raytion’s industry-leading
information retrieval technology will supercharge ServiceNow Now
Assist AI and AI Search, setting a new standard for AI-driven
business on the Now Platform.
Learn more about ServiceNow’s new data enhancement
capabilities.
Availability
- RaptorDB Pro is available now to new and existing ServiceNow
customers.
- RaptorDB Standard is available now to new customers and will be
available to existing customers later next year.
- Expected availability for personalized workflows powered by
ServiceNow Knowledge Graph is March 2025.
Additional Information:
- Read about additional news from ServiceNow today:
- ServiceNow bolstered its Now Assist GenAI portfolio and added
new AI innovations to enhance productivity and employee
collaboration.
- ServiceNow announced its vision to integrate Agentic AI into
the ServiceNow platform to power 24/7 productivity at massive scale
with AI agents.
- ServiceNow expanded its industry footprint with purpose-built
AI solutions for telecommunications, media, and technology;
financial services; public sector; and retail companies.
- ServiceNow released additional capabilities designed to boost
collaboration and efficiency for developers, IT teams, and
employees.
About ServiceNow
ServiceNow (NYSE: NOW) is putting AI to work for people. We move
with the pace of innovation to help customers transform
organizations across every industry while upholding a trustworthy,
human centered approach to deploying our products and services at
scale. Our AI platform for business transformation connects people,
processes, data, and devices to increase productivity and maximize
business outcomes. For more information, visit:
www.servicenow.com.
Forward Looking Statements
This press release contains “forward looking statements” about
the expectations, beliefs, plans, and intentions relating to data
enhancements to the Now Platform. Such statements include
statements regarding future product capabilities and offerings and
expected benefits to ServiceNow. Forward-looking statements are
subject to known and unknown risks and uncertainties and are based
on potentially inaccurate assumptions that could cause actual
results to differ materially from those expected or implied by the
forward-looking statements. If any such risks or uncertainties
materialize or if any of the assumptions prove incorrect,
ServiceNow’s results could differ materially from the results
expressed or implied by the forward-looking statements made.
ServiceNow undertakes no obligation, and does not intend, to update
the forward-looking statements. Factors that may cause actual
results to differ materially from those in any forward-looking
statements include: (i) delays and unexpected difficulties and
expenses in executing the product capabilities and offerings, (ii)
changes in the regulatory landscape related to AI and (iii)
uncertainty as to whether sales will justify the investments in the
product capabilities and offerings. Further information on factors
that could affect ServiceNow’s financial and other results is
included in the filings ServiceNow makes with the Securities and
Exchange Commission from time to time.
© 2024 ServiceNow, Inc. All rights reserved. ServiceNow, the
ServiceNow logo, Now, and other ServiceNow marks are trademarks
and/or registered trademarks of ServiceNow, Inc. in the United
States and/or other countries. Other company names, product names,
and logos may be trademarks of the respective companies with which
they are associated.
View source
version on businesswire.com: https://www.businesswire.com/news/home/20240910738918/en/
Jacqueline Velasco 408-561-1937
press@servicenow.com
ServiceNow (NYSE:NOW)
Historical Stock Chart
From Dec 2024 to Jan 2025
ServiceNow (NYSE:NOW)
Historical Stock Chart
From Jan 2024 to Jan 2025