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 filled with executives slogging through slide presentations. What’s missing from these images is the potential for creating value for businesses.

That’s changing because of a few digital technologies that are coming together to transform the future of reporting. Machine learning and cognitive technology will do much of the heavy lifting of gathering information, creating reports and distributing them. This allows human workers to focus on more exciting work.

Usage-based pricing is yet another way to make it easier for teams to make use of m&a platforms for industry benchmarking and market insights their current data faster and more effectively. This method lets companies better correlate the value of data to their expenditures by reducing the cost to access it.

To win in the Age of Connected Work, software companies must rethink their principles that drive how they build, distribute and sell their products. Winners in this new era will evolve what it means to be product-led in the fullest sense of the term and use their products as engines for acquiring customers, retention, and expansion. This will require a re-established determination to focus on the tactical and to expand their “as-a-service” offerings beyond membership rates. It will also require the integration of PLG into the way they develop and deliver their products. To stay ahead of their competitors businesses will need to create a comprehensive ecosystem that includes strategy, stewardship and architecture, in addition to governance, which will make use of data.

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