WalkMe, a provider of digital adoption solutions, recently reported significant financial growth due to the restructuring of its processes and consistent operational improvements throughout 2023. Owing to investments in its Federal business, Partner ecosystems, and DAP customer base, the company's financial position has seen recent enhancement. Furthermore, WalkMe generated a positive cash flow along with a non-GAAP operating profit in the third quarter of 2023.
An important aspect of their business expansion is the introduction of a new series of advancements in AI technology at their annual flagship event, Realize, happening on 18th June 2024. The Realize conference will bring together the key changemakers in the digital adoption market, presenting strategies for managed change and innovation in Generative AI offerings for their customers.
The company's continuing leadership in the sector of digital adoption platforms (DAPs) has resulted in analyst and industry recognition, enhanced customer service reviews, leadership thought initiatives, as well as continued financial growth. WalkMe has set its sight on a $34 billion total addressable market (TAM), powered by an array of AI-centric product innovations.
In the IDC MarketScape Worldwide Digital Adoption Platforms 2024 report, WalkMe was named a leader, underlining its early-mover advantage and AI capabilities powered by its proprietary DeepUI technology. "WalkMe stands at the forefront of innovation and is changing the equation for customers," stated Dan Adika, Co-founder & CEO, WalkMe. Their platform promotes the appropriate adoption and realisation of value from technology investments, making the firm a crucial partner for organizations' AI strategies.
WalkMe has been identified by TechTarget as one of the top six change management applications and is the solitary DAP to make this list. As well as scooping numerous other acclaimed awards, the company won the Emotional Footprint Champion and Gold Medal Award Winner in Info-Tech's vendor evaluation of Digital Adoption Platforms.
Alongside accolades, WalkMe has achieved noteworthy financial growth throughout a transformative 2023, significantly improving its financial standing and operating profits in 3Q23. WalkMe also became the first and only DAP vendor to be granted FedRAMP certification, and the successful launch of their WalkMe Discovery and Shadow AI models work to address rising enterprise needs and minimise risk.
The Realize conference positions WalkMe's leadership further by sharing updates in generative AI that can shape the future of workplaces and deliver transformative value to their customers. "At WalkMe, we know all about being innovators and changemakers. That's why we're bringing together changemakers across enterprises to learn more about differentiating work and productivity through AI innovation," said Adriel Sanchez, CMO, WalkMe.
The Realize 2024 conference is set to engage customers and partners by demonstrating WalkMe's present and future capabilities in a hybrid model. This year's theme, "where changemakers meet" will ensure a cohesive, personalised experience for attendees.