I think that most insurance companies have, call it predictive analytics, machine learning projects up and running. They’re working hard with great teams of people to try to sort of predict outcomes and predict next steps and predict severity on risk and claims and things like this. Where they struggle is actually deploying it. They struggle actually getting it into the core systems, into the core system workflows, in front of the people and the users at the points in the business workflow — in the business processes where you can really take action and have an impact on the business. And that’s where Predict really shines, is making it possible for us to actually deploy effectively and efficiently and fast all this work that the data scientists and engineers have done inside these insurance companies.
And so this is one of the areas where we think that there will be more attached going forward, more joint selling and more just positioning and deploying InsuranceSuite applications and InsuranceNow applications alongside these predictive analytics models with Predict. So hopefully, that gives you a sense of how excited we are about it.
Operator: Our next question comes from the line of Rishi Jaluria with RBC. Please proceed with your question.
Rishi Jaluria: Nice to see continued momentum in the business especially coming out of connections. Maybe starting with connections, right? There was a lot of excitement with partners and customers we talked to at the conference around Jutro. Maybe can you talk to us now that the product, if I’m not mistaken, did come out a GA at the beginning of this month, maybe what his early feedback from customers and partners been since talking about it at the conference announces kind of going live? And how we should expect this to maybe help you competitively, but also really helped us build out a stronger and more robust ecosystem? And I’ve got a follow-up.
Mike Rosenbaum: Okay. Yes, great question. Feedback was extremely positive. One of the things we did that I thought was a little bit risky, but also a lot of fun as we worked on this project to sort of take a collection of business requirements and turn it into an insurance application that was exposed digitally on top of the platform. And Jutro was one of the primary enabling mechanisms for us to be able to deliver something in 24 hours. It’s really a game changer in terms of the way people think about deploying digital applications. We are incredibly excited about it and the feedback so far from customers is also very, very positive. And so somewhat, it’s the feedback from the customers who are seeing it and putting their hands on it and looking at the demos and connections, but it’s also what we call our early access customers who have been working with us over the past couple of releases to really use this, build applications with it, deploy those applications into the public domains.
And ultimately, it’s about enabling them to create these consumer experiences in a much, much faster way. We — it’s a real change in the way that traditionally these agent-facing or consumer-facing applications are developed, deployed, maintained. And we think it’s going to provide a significant boost to the development teams, the IT teams, the business teams who are responsible for rolling these things out and ultimately making insurance just easier to consume, and making the whole process more efficient, but also more convenient and more friendly. So very, very happy that you noticed that and very positive feedback from initial customers and the customers we showed it to of connections.
Rishi Jaluria: All right. Wonderful. Really helpful. And then in your prepared remarks, you talked about you’re continuing to grow the partners that you certified for cloud migration. Can you maybe talk a little bit about how you might be able to, number one, accelerate the number of partners that can do that and you’ll continue to offer some of that services, and maybe number two, tying generative AI into all of this, right? But to what extent can partners utilize, whether it’s AI or actually generative AI to accelerate the pace of those migrations and maybe even speed up the time to being certified for that?
Mike Rosenbaum: Well, so yes, it’s a great question. We’ve been working very, very hard to ensure that the consultants in our ecosystem are certified on each cloud or lease. That was number one, most important thing, right? Because we’re changing the approach more quickly the pace of innovation from Guidewire has increased. And so it’s very important that we ensure that everybody that’s selling themselves or deployed on a live project knows the latest and greatest and knows how to do the implementation, the way that you should do it based on the latest release. That’s number one. Number two is we recognize that there’s a particular skill set in sort of assessing the current state of a Guidewire on-prem implementation and optimizing the approach to moving that over to a cloud implementation.
So that obviously, you need to understand, you need to be cloud certified. But you also — there’s just a whole bunch of things that we’ve learned now about 100 projects that we can help disseminate more effectively into the broader ecosystem. And that — so that’s what’s behind that effort to create those migration certifications. Certainly, we’re looking to add additional horsepower to that program, and we’re very open about the approach to recruiting partners and training consultants because in our opinion, we’re creating a lot of demand for that Guidewire expertise. And the more capacity there is to do these sorts of projects, I think the more demand, honestly, we’ll be able to create. So our certification approach is very open, and we’re constantly trying to recruit more and more consultants to be experts on the projects.
I really think this is one of the best things sort of a consultant can learn if they want to ensure that they’re going to — that they’re going to be able to find billable projects for probably the next decade. I mean Guidewire is an incredible scale and incredible asset for consultants to have if they want to make sure that they’re going to see a demand for that expertise over the next 10 years. So that’s number one. Now the question you asked about generative AI, I think, is very interesting one. It’s certainly something that we’re looking at very carefully is like if you can see a path towards developer productivity improving with these tools. Can we also see a path towards migration velocity increasing. It’s definitely something that we’re looking at.
And there’s a number of partners who have projects in place to sort of assess this and try to test it and try to validate that it’s going to work and accelerate. There’s definitely upside there. I think it’s probably a little bit too early for us to to call a sort of and put a number on that acceleration potential. But it’s definitely something we’re looking at and also partners are looking at around how — not just migrations, but also just implementation of functionality on the platform. That concept is not — has been brought up a number of times, and it’s something we’re looking at and have a lot of lot of hope for, let’s say. So that potential is definitely there.
Operator: Our next question comes from the line of Peter Heckmann with D.A. Davidson. Please proceed with your question.
Peter Heckmann: You spoke about it a little bit on the Investor Day made some recent progress with migrating clients on classic platform. Remind me, I believe you have four left, but the two — does that imply there were two that migrated over the last 12 months or so? And how are you thinking about the timetable on those remaining four?
Mike Rosenbaum: Yes. Thanks for the question. Yes, we have had success in moving a couple of those customers over from our classic approach to our GWCP approach. We’re in active conversations and planning with each one of those for customers. These things are somewhat complicated and often have a lot to do with their internal priorities and other projects that they’re executing as part of their overall IT landscape and project portfolio and other business ambitions like building out new product lines or optimizing business processes or digital implementations. And so factoring in that shift is something we’re working closely with them. And so my expectation is that this isn’t something that’s going to be transitioned all in one year, and it might stretch out two or maybe even three.
