Q2 Achievements and Next Steps
by Thomas Failer
Dear Readers,
I really hope that you – like us – managed to get through the recent crisis with no problems and remain in good health. I think you’ll agree that we couldn’t have envisioned the type, scope and duration of this pandemic beforehand. And although we’re not yet out of the woods, one conclusion has become clear: our infrastructure is essential and becoming increasingly digital.
What would we have done if we hadn’t been able to leverage digital technologies to work from home? How would we have kept in close touch with our personal as well as professional contacts and got things done without video and telephone conferences or remote maintenance? I know that not everything worked perfectly all the time, but it’s still clear that this wasn’t just an emergency solution. Instead, it’s a development that will enable our economies and companies to emerge from the crisis more quickly – as long as we pursue it resolutely.
Positive results
During the last few weeks, I’ve never been so happy that I can be a part of this development together with my staff. That’s because you, our valued readers, and your continuing interest have shown that you also believe digital innovation is a path to a successful future. And you’re using it in a targeted way to help you through the current situation. Even if you’re primarily doing so due to short-term priorities like cost savings, at least you’re ensuring that these won’t impact the strategic digitalization projects you’ve had to temporarily put on ice. We developed our JiVS IMP platform for both of these aspects and have never invested as much in automating its functions as we have over the past few months. This is literally paying off now – for you as well as for us.
In the first quarter of 2020 we achieved the best financial performance in the company’s history and our double-digit growth rate from last year has continued without a break. Most of our events are digital at the moment and there’s an increasing amount of interest in them – often with hundreds of participants, in the US as well as in Europe. Every week we have deep-dive discussions with potential partners and continue to extend our partner network, most recently with ORBIS AG in Germany and Data Management Partner Pty Ltd. in South Africa. Our international expansion shows continued momentum and we’re getting much more widely known. We’re seeing an increasing amount of interest from the industry’s “big boys” like SAP and global system integration giants like KPMG and Deloitte. We regularly take part in their events and roadshows, such as SAP’s Movement program. And SAP also fully understands the value that historical data brings to any company’s digital future – the firm worked with us to publish an article on this very topic. Another highlight is the recent publication of the book “The Transformers” by the management author Andreas Graesser. We were able to contribute information and discussions to it and would be more than happy to send you a copy if you’d like one.
Positive outlook
The experience of the last few weeks has given us a very positive outlook for the future – not only ours, but yours too. Together, we can build a resilient foundation for your digitalization projects that’s solid, technically innovative and economically attractive, while always ensuring the best possible data quality. Together, we can overcome the current difficulties and continue to write your and our success stories.
Best regards,
Thomas Failer
