Big Tech has contributed to Tuesday's market sell-off, raising questions about the broader implications for the technology sector, particularly software. Cohesity CEO and President Sanjay Poonen joins Market Domination to discuss the outlook for the software sector.

Poonen observes that the software sector is generally experiencing "an inevitable move towards digital transformation." He identifies cybersecurity and AI as the top two "priorities" within the sector currently, expressing bullish sentiment as the trend towards digital transformation continues "over a multi, multi-year time frame."

Reflecting on incidents like the recent CrowdStrike (CRWD) global tech outage, Poonen emphasizes that data recovery should be a primary focus for companies in the sector. He states that companies should be able "to recover in a matter of hours, it shouldn't take us days."

Despite the challenges posed by such outages, Poonen notes that these incidents also demonstrate the resilience of the software sector.

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This post was written by Angel Smith