The New Era of Business Software and Reporting

When you hear “business software” or “reporting” you may imagine binders stuffed with charts, spreadsheets and footnotes. There are conference rooms that are crowded with executives who are tinkering with slide presentations. What’s missing from these images is the chance to create value for the business.

This is changing due to a variety of digital technologies that are combining to revolutionize the future of reporting. Machine learning and cognitive technology will take over the gruntwork of gathering data, making reports, and then distributing them. This allows humans to do more usefulness of this content interesting work.

Usage-based pricing is another way to assist teams to benefit from the benefits of data they already have more effectively. This model allows companies to better match the value of data with their expenditures by reducing the cost to access it.

To be successful in the Age of Connected Work, software companies must rethink the fundamentals that guide how they build, distribute and charge for their products. In this new era, the winners will redefine what is meant by a product-led company in the truest meaning of the word. They’ll use their products to drive retention, acquisition and growth. This will require a renewed tactical focus and a willingness to expand “as-a service” offerings beyond membership fees. It will also require incorporating PLG principles into the way they design, build, and deliver their products. To stay ahead, companies will have to build an integrated technology ecosystem that offers the design, stewardship and governance necessary to make data an asset.

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