The New Era of Business Software and Reporting

When you hear “business software” and “reporting,” binders full of spreadsheets, charts, and footnotes might spring to mind. Perhaps conference rooms are stuffed with executives trawling through slide presentations. What’s missing is the opportunity to create value for your business.

It’s changing, thanks to a handful of digital technologies that are coming together to transform the future of reporting. Machine learning and cognitive technology will perform the gruntwork of gathering data, preparing reports, and distributing them. This leaves humans free to do more interesting tasks.

Utilization-based pricing is a different way to help teams to gain the benefits of their current data faster and more effectively. By cutting down the cost of data access this model makes it easier for businesses to connect value with expenditure, enabling them to quickly increase usage and scale their efforts.

To win in the Age of Connected Work, software companies must rethink the fundamentals that guide the way they design, build, distribute and charge for their products. The winners in this new era will evolve what it means to be product-led in the truest sense and will use their products as engines for customer acquisition, retention, and expansion. This will require a renewed tactical focus data room benefits from the security prospects and the willingness to expand their “as-a-service” offerings beyond membership rates. This will also require incorporating PLG principles into the way they design, construct and distribute their products. To stay ahead of the competition, companies will have to create a robust ecosystem that includes strategy, stewardship and architecture, in addition to governance, to leverage data.

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