Traditional software and internet companies are becoming value-added orchestrators in support of business transformation in all industries. This business model evolution is driven by several key trends which include: an increased focus on the end user experience, maturing business models, gains through operational performance, and growth through M&A. In order to remain competitive, software & internet companies also need to address several critical macro issues such as mobile, social, cloud, security & privacy, data & analytics, and talent.
In addition, revenue, or the “top line,” is a closely monitored measure of an entity's growth and market share. The FASB and IASB are currently in the process of replacing existing revenue guidance with a new global accounting standard for all revenue transactions. How will revenue recognition changes affect your business?
Patrick Pugh, PwC's US Software and Internet Advisory Leader, discusses challenges and opportunities associated with Software as a Service
PwC's Global Software Industry Leader Mark McCaffrey discusses the software industry's digital revolution.