The New Era of Business Software and Reporting

When you hear “business software” or “reporting” You may think of binders filled with spreadsheets, charts and footnotes. There are conference rooms that are filled with executives slogging through slide presentations. What’s missing is the potential for business value creation.

This is changing because of some of the digital technologies that are shaping the future of reporting. Machine learning and cognitive tools will be able to take over a lot of the grunt work of collecting data, creating reports, and disseminating reports. Human workers are free to do more exciting things.

Usage-based pricing is another way to make it easier for teams to reap the benefits of current data faster and more effectively. By cutting down the cost of accessing data this model makes it easier for companies to link value to spend making it easier for them to ramp up usage and scale their efforts.

Software companies must reconsider their underlying principles of creating distribution, selling, and charging for their products if they wish to win in the Age of Connected Work. The winners in this new era will redefine what it means to be a product-driven new setup-amped-wireless article company in the most literal sense They’ll utilize their products as engines for customer acquisition retention, growth, and even expansion. That will require a restored strategy-driven focus and the desire to expand their “as-a-service” offerings beyond membership rates. It will also require incorporating PLG into the way they develop and deliver their products. To remain ahead of the pack businesses will need to create a comprehensive ecosystem that includes strategy, stewardship, and architecture, as well as governance, to leverage data.