Gerstner describes identifying the post-internet data explosion trend nearly a decade ago as foundation for Snowflake thesis.
“when we started thinking about the biggest trends, this was almost a decade ago, the post internet trends, the explosion of data, and how we make sense out of data to yield useful insights.”
Gerstner recalls when next-day sales reports felt like magic as CEO of NLG.
“I remember when I was CEO of NLG, just having a system like Cognos that could give me a report the next day of what we actually sold the day before felt like magic.”
Gerstner cites studies showing children with investment accounts have better educational and economic outcomes.
“We know that kids who have an investment account for birth, they're more likely to graduate from high school. They're more likely to be financially literate.”
Gerstner's data shows Google page views grow 4% annually for users without ChatGPT subscriptions, contrasting with ChatGPT subscribers.
“absent ChatGDP, ChatGPT, maybe Google page views for a particular user are growing 4% per year. So we are consuming more Google.”