These companies exist because non-tech companies building in-house software for their complex workflows also tend to run millions over budget and create brittle, bespoke software.
Also, I wouldn’t put Palantir in the same bucket as Workday and ServiceNow. It’s expensive, but it does work.
So now 'professional management' bring in these firms and instead run hundreds of millions over budget to create brittle, bespoke software. It's profoundly damning on our industry that decades of software development later most productivity gains stopped at about the point Excel and email became widespread. Software has eaten the world('s budgets) with little to show for it. No wonder all these parasites are so excited about AI, another whease to flog to naive orgnaisations that will inevitably spiral in cost, deliver nothing of value and suck more budget from anything useful. Then sell them 'cybersecurity' and 'observability' on top because now their security is Swiss cheese.