The New Era of Business Software and Reporting

how data room software aids your digital transformation

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 grinding through slides. 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 revolutionize the future of reporting. Machine learning and cognitive tools will take on a lot of the grunt work of gathering data, making reports, and distributing the results. This allows human workers to focus on more exciting work.

Utilization-based pricing is another method to allow teams to reap the benefits of the current data quicker and more efficiently. By cutting down the cost of data access it helps companies to connect value with expenditure and enables them to swiftly increase usage and scale their efforts.

Software companies must reconsider their principles for building and distributing their products, as well as charging for their products if they wish to compete in the Age of Connected Work. The winners of this new era will evolve what is meant by “product-led” in the fullest sense of the term; they’ll use their products as engines for customer acquisition, retention, and expansion. This will require a re-established strategy-driven focus and the desire 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 services. To stay ahead, companies will have to build an entire technology ecosystem that provides the strategies, stewardship, and governance needed to make data an asset.