- Published on July 24, 2024
- In AI Features
Okta Could Make Billions More by Providing Identity to AI Agents
Okta could sell subscriptions of its identity software for AI agents
- By Pritam Bordoloi
Okta, a leader in the identity and access management (IAM) market, makes a significant portion of its billion-dollar revenue by selling multi-year subscriptions for its software.
The San Francisco-based company, which serves over 19,000 customers globally, made $2.12 billion in revenue last year, out of which around $1.79 billion came from subscriptions alone.
Now, the company sees a significant opportunity in AI that could potentially double its revenue– it wants to provide identity to AI agents.
In an interaction with AIM during his recent visit to India, Eugenio Pace, Okta’s president, business operations, said that in the future, AI agents will carry out actions on behalf of us humans.
“AI agents will make reservations for you and book hotel or flight tickets.
📣 Want to advertise in AIM? Book here
Pritam Bordoloi
I have a keen interest in creative writing and artificial intelligence. As a journalist, I deep dive into the world of technology and analyse how it’s restructuring business models and reshaping society.
Related Posts
Enterprises Beware: Agent-Washing Clouds the Future of AI
Vendors mislabel copilots as agents, raising regulatory and operational risks for firms chasing the promise of agentic AI.
How Neysa Stands Out in the IndiaAI GPU Race
Unlike other providers focused on GPU allocation, Neysa claims to deliver an end-to-end AI cloud platform.
Two Indian Engineers on a Mission to Automate Home Cooking for the World
In a live demonstration for AIM, Posha prepared paneer tikka masala in approximately 25 minutes
BharatGen and the Pursuit of Sovereign, Scalable AI for India
“Knowledge-driven components are important because we don’t want everything to be just algorithmic innovation.”
How Pradhi AI Embeds Emotional Intelligence in Voice AI
As businesses recognise the potential of voice-driven tech, Pradhi AI is laying the foundation for an empathetic, responsive AI ecosystem.
Mangaluru Looks to Build Its Own Tech Identity, Not Replicate Bangalore
“The coastal city could showcase tangible results by applying deep tech to areas it already dominates”
Google’s Gemini Nano Banana and the Cost of Convenience
The company’s new AI image and photo editor deepens concerns over data use and consent gaps, experts warn.
BharatGen’s ‘Recipe’ for Building a Trillion Parameters Indic Model
The consortium insists sovereignty doesn’t mean shutting the door on global players.
Download the easiest way to
stay informed
stay informed
