EWP · Pulse 2 of 6 · Agentic Demand Family · weekday composite
Enterprise Workflow Pulse
Where enterprise agents are actually being deployed: Agentforce AWUs in Salesforce, Now Assist customers at ServiceNow, Copilot seats at Microsoft, MCP server count across the developer ecosystem, Datadog's LLM observability span volume. The Pulse that decides whether agentic SaaS is real work or just demos. Six modules, weekday composite, equity-gap signal against CRM/NOW/MSFT/DDOG/SNOW/MDB/NET/TEAM.
Module breakdown
| Module | Weight | Raw signal | Score | Status |
|---|---|---|---|---|
| M1 · Salesforce Agentforce | 25% | — | 50 (neutral) | pending — Earnings-NLP pipeline |
| M2 · Copilot / Claude Code (dev adoption) | 20% | 8,198,736 npm/wk | 100 | partial — GitHub Copilot org-count next |
| M3 · ServiceNow Now Assist | 15% | — | 50 (neutral) | pending — Earnings-NLP |
| M4 · Datadog LLM Obs + MCP calls | 15% | — | 50 (neutral) | pending — Earnings-NLP |
| M5 · MCP ecosystem (GitHub + npm) | 20% | 36,036,922 weekly downloads | 100 | live |
| M6 · SNOW/MDB/ESTC (RAG/data) | 5% | — | 50 (neutral) | pending — Earnings-NLP |
Build status: MVP1 first iteration. M5 (MCP ecosystem via GitHub stars + npm weekly downloads) is the live anchor — verified Phase 1 audit, 5-6M weekly @modelcontextprotocol/sdk downloads, 86k+ stars on modelcontextprotocol/servers. M2 partial via Claude Code npm + GitHub. Substance modules (M1/M3/M4/M6) use neutral 50 placeholder until Earnings-NLP pipeline ships (uses Motley Fool free HTML transcripts — verified Phase 1).
Multi-Basket Equity Gaps v3 · value-capture decomposition
Three sub-baskets organized by where in the enterprise-workflow stack value is being captured: Workflow Platforms (CRM/NOW/MSFT/TEAM) where agents are authored, Observability + Governance (DDOG/NET) where they're monitored, and the Data + RAG Layer (SNOW/MDB) they call against. The cross-read is what reveals rotation — when one layer accelerates while another stalls, the market is pricing-in a stack-shift.
| Sub-Basket | Vertical | Weight | 21d Basket Return | Module Score | Tickers |
|---|---|---|---|---|---|
| Workflow Platforms | Where agentic workflows actually get authored + run | 45% | +8.53% | 92.7 | CRM · NOW · MSFT · TEAM |
| Observability + Governance | How agentic workloads are monitored + routed | 25% | +38.89% | 100.0 | DDOG · NET |
| Data + RAG Layer | Vector + warehouse layer agents call against | 30% | +23.88% | 100.0 | SNOW · MDB |
Methodology
EWP is Pulse 2 of 6 in the Closelook Agentic Demand Family. Pulse weight philosophy per Phase 2 spec: M5 MCP ecosystem (20%) and M1 Agentforce (25%) are the highest-conviction anchors — MCP ecosystem because adoption-numbers (5-6M weekly npm downloads, 86k+ GitHub stars) signal mainstream production, not developer experiment; Agentforce because CRM disclosed $800M ARR + 2.4B AWUs + 169% YoY at Q4 FY26 — T3 mass-production maturity per the family-wide Maturity-Score sub-module.
Weekday-only composite (06:00 UTC). Lead modules (M2, M5) re-fetch each run; substance modules (M1, M3, M4, M6) re-evaluate quarterly with each earnings cycle. Equity Gap activates once ~3 months of EWP composite history accumulates.
Pulse reading is a diary entry on our process, not investment advice.