The New Era of Business Software and Reporting

If you hear the words «business software» and «reporting,» binders full of charts, spreadsheets and footnotes might come to mind. Perhaps conference rooms crammed with executives grinding through slide presentations. What’s missing in these images is the potential to generate value for businesses.

This is changing thanks to a handful of digital technologies that are collaborating to reshape the future of reporting. Machine learning and cognitive technology will perform a lot of the work of collecting data, preparing reports, and distributing them. This will free human workers to do more interesting tasks.

Usage-based pricing is yet another way to help teams to benefit from the benefits of the current data quicker and more effectively. By cutting down on the cost of accessing data this model makes it easier for companies to link value to spend, enabling them to quickly ramp up usage and scale their efforts.

Software companies must rethink their methods of building distribution, charging, and selling for their products if they wish to win in the Age of Connected Work. In the new era, the winners will redefine what it means to be an enterprise that is driven by its products in the broadest sense of the word. They’ll utilize their products to help drive the acquisition of customers, retention and growth. This will require a fresh tactical focus and a willingness to expand «as-a service» offerings beyond membership fees. It will also require incorporating PLG into how they build and deliver their products. To keep ahead of the pack businesses will need to create a comprehensive ecosystem that includes strategy, stewardship, and architecture, and governance, which will make use of data.

more help: how data room documents are organized for easy retrieval

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