Signal log.

Headline positions Appian as an "essential AI layer" with accelerating growth, which aligns with the thesis that SoR platforms become the backbone for agent systems. Appian's low-code automation platform centers on structured business process records (P1) with explicit state transitions (P2), making it relevant to the agent economy substrate claim.

Workday AI products driving >25% of new Q2 contract value directly supports P1 (HRIS/Payroll as durable records) monetization. Agent SKU traction shows Workday's SoR is becoming the control plane for agent workloads, consistent with the thesis that incumbents monetize records they already own.

Coforge, an IT services partner, expanding with Pega to accelerate enterprise AI transformation suggests Pega's workflow/process automation (a System of Record) is being chosen as the substrate for AI agent deployment, supporting the thesis that SoR platforms become the agent control plane. This directly aligns with P5 (queryable history via structured processes) and P2 (state machine via enforced workflows).

The summary cites slowing growth and tougher competition, which cuts against the thesis that SMB SoR platforms (bucket 7) will compound as agents consolidate on their records. If HubSpot's seat-count and revenue growth stall, it underperforms the 25–30% IRR claim.