Spurs finished above Arsenal last season and while Giggs sees Pochettino as possessing the best squad at the moment, he still believes that they have some way to go before coming the true dominant force in North London.
Spurs face Arsenal at the Emirates Stadium in Saturday's lunchtime kick-off, the first time the two sides meet this season as Pochettino looks for his side to secure a sixth Premier League win in their last seven top-tier outings.
Despite their rapid improvement under Pochettino, Spurs are still in search of their first trophy since their League Cup triumph over Chelsea back in 2008 and Cech believes it's high time talk of a north London powershift was backed up with silverware.
Tottenham Hotspur central defender Jan Vertonghen was held out of Tuesday's 3-3 worldwide friendly draw with Mexico after he tweaked his ankle in training with the Belgium national team earlier in the week.
"But you need them to perform, you need to feel they are committed to the case, I have to say they come every day, they work and as a team we feel that - although there is a lot of speculation, their contracts are different to everyone else's - you can see they are committed to the team".
"They have young, talented players as well as experienced players". Success is ultimately winning trophies.
"There was always something missing but I would say the difference was when Pochettino came", he added.
"Also, like the fans, we have the same goal, we want to achieve something as a club and any team that we play we want to beat, we want to win".
"Three years ago, when we finished above them, we were disappointed because we didn't win the title".