One of my favorite things to do is to bury myself in a spreadsheet for some good, old-fashioned data analysis. This long-term interest in numbers is evidenced by my undergraduate degree in economics, with a special interest in statistics.
So yesterday was a very happy day as I spent much of it digging through my inquiries and page reads for Q2. This activity is a regular centerpiece in my effort to focus my research on those topics that matter most for end user clients. I thought I’d share a bit of the results, which are quite interesting.
The number of unique, end-user organizations that I spoke to spiked 25% from Q1 to Q2 – and in Q2 that number was in the triple digits.
Topic analysis is as follows:
· Topics that remained hot from Q1 to Q2: E-Procurement & Strategic Sourcing
· Topics that became more hot in Q2: Enterprise Contract Management (as Tim Sparks, CEO of CLM Matrix said to me earlier this week – “enter, find and remind!” I love it . . )
· Topics that cooled off a bit: ERP procurement suites and cost cutting strategy.
These are important sign-posts that lead me to believe that we’re headed towards economic recovery, because the focus is still high for procurement but is shifting away from short-term tactical cost-cutting to longer-term investment. Hurrah!