This session examines how the shift from generative AI to agentic AI is fundamentally reshaping enterprise computing—and why most organizations are struggling to convert massive AI investments into measurable business returns. Drawing on real-world deployments and industry data, the speaker explores the eleven critical pain points that separate available compute from usable compute, and explains why private deployment is emerging as the economic and security baseline for enterprises. The session introduces the WATT→FLOPS→TOKENS→AGENTS→VALUE framework and the concept of the Token Factory, demonstrating how hardware-software synergy, token economics, and full-stack optimization are essential to closing the AI value gap.