The News: Smartsheet has introduced Smartsheet Advance, a new suite of premium capabilities designed for enterprise-level management and dynamic work. This offering aims to enhance the platform’s value by enabling customers to manage work at scale with improved security, compliance, and efficiency.
You can read the press release at Smartsheet’s website.
Enhancing Security and Efficiency with Smartsheet Advance
The enterprise software market is increasingly focused on enhancing collaboration and workflow management, driven by the need for businesses to operate more efficiently in a distributed work environment.
Based on our recent data, the global enterprise collaboration market is expected to grow significantly, fueled by the demand for integrated tools that streamline project management and data integration. Companies are looking for solutions that not only offer robust project management capabilities but also ensure high levels of security and compliance. Smartsheet’s new offering comes at a time when businesses are prioritizing digital transformation to stay competitive and agile.
Tackling Enterprise Workflow Challenges
Enterprises face significant challenges in managing complex workflows, maintaining data security, and ensuring compliance with regulatory standards. Traditional collaboration tools often lack the integration and scalability required to meet these demands, resulting in inefficiencies and potential security risks. According to industry reports, 60% of enterprises struggle with data integration across various platforms, while 45% cite security and compliance as major concerns.
These challenges are exacerbated by the increasing complexity of modern business environments, where disparate systems and siloed data can hinder productivity and decision-making. The rapid pace of digital transformation has also heightened the need for tools that can seamlessly integrate with existing systems while providing robust security measures. Enterprises must navigate a landscape where regulatory requirements are continually evolving, adding another layer of complexity to their operations.
Consequently, there is a growing demand for solutions that not only facilitate efficient workflow management but also ensure that data remains secure and compliant with industry standards. This demand highlights the critical need for advanced tools that can address these multifaceted challenges, enabling enterprises to operate more effectively and securely in an increasingly dynamic market.
Smartsheet Advance Solution
Smartsheet Advance is designed to bridge the gap between collaboration tools and traditional systems of record, providing a comprehensive solution for dynamic work management. It includes features like Control Center for process management at scale, Dynamic View for secure request management, and Data Connections to integrate Smartsheet with systems like Jira and Salesforce.
Additionally, the platform offers Bridge for automating workflows across platforms and Admin Center for enhanced governance and administration. These capabilities are bundled into three tiers—Silver, Gold, and Platinum—allowing businesses to choose the level of functionality that suits their needs.
The Silver tier empowers businesses to manage their projects, programs, and processes at full functional scale, providing access to most of Smartsheet’s premium products, which are applicable to a wide range of use cases.
The Gold tier adds the power of intelligent workflows and connectors, enabling customers to connect Smartsheet to other systems of record for increased efficiency.
The Platinum tier incorporates advanced compliance, security, and governance controls for enterprises that require additional levels of control and protection while running their business on Smartsheet.
This tiered approach ensures that Smartsheet Advance can cater to the varying needs of businesses, from those looking for robust project management capabilities to those needing intricate workflow automation and stringent security measures.
Real-World Implementation and Impact
The implementation of Smartsheet Advance is already underway, with early adopters reporting significant improvements in efficiency and security. Companies like Condé Nast and Peloton have collaborated with Smartsheet to tailor the solution to their needs, particularly in marketing operations.
Smartsheet Advance’s multi-level security features, such as around-the-clock monitoring and data encryption, are crucial for enterprises that handle sensitive information. The solution’s ability to integrate with existing systems and automate processes is expected to reduce operational costs and enhance productivity.
Looking Ahead
Smartsheet Advance will set a new standard for enterprise work management platforms. Based on our view of the market, we see a growing trend toward solutions that offer seamless integration and high security, which are critical for businesses navigating digital transformation. This shift is driven by the increasing complexity of business operations and the necessity for tools that can handle large-scale, multifaceted workflows without compromising security or compliance.
From our discussions with industry vendors and customers, it is clear that the market is moving towards comprehensive, all-in-one solutions that can unify disparate systems and streamline operations. Smartsheet is well-positioned to lead this movement with its robust suite of features in Smartsheet Advance.
We anticipate that Smartsheet will continue to innovate, potentially introducing more AI-driven features to enhance automation and decision-making further. These enhancements could include advanced predictive analytics, intelligent automation of routine tasks, and more sophisticated data integration capabilities.
In the long term, Smartsheet Advance could become an essential tool for enterprises looking to maintain a competitive edge in a rapidly evolving market. Its ability to provide scalable solutions that grow with the business’s needs will be particularly valuable. As organizations adapt to new market realities, such as remote work and increased reliance on digital tools, the demand for flexible, secure, and integrated platforms like Smartsheet Advance will only increase.
Disclosure: The Futurum Group is a research and advisory firm that engages or has engaged in research, analysis, and advisory services with many technology companies, including those mentioned in this article. The author does not hold any equity positions with any company mentioned in this article.
Analysis and opinions expressed herein are specific to the analyst individually and data and other information that might have been provided for validation, not those of The Futurum Group as a whole.
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The Six Five In the Booth at Smartsheet ENGAGE 23 with Ben Canning, SVP, Product Experiences
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Author Information
Keith Kirkpatrick is VP & Research Director, Enterprise Software & Digital Workflows for The Futurum Group. Keith has over 25 years of experience in research, marketing, and consulting-based fields.
He has authored in-depth reports and market forecast studies covering artificial intelligence, biometrics, data analytics, robotics, high performance computing, and quantum computing, with a specific focus on the use of these technologies within large enterprise organizations and SMBs. He has also established strong working relationships with the international technology vendor community and is a frequent speaker at industry conferences and events.
In his career as a financial and technology journalist he has written for national and trade publications, including BusinessWeek, CNBC.com, Investment Dealers’ Digest, The Red Herring, The Communications of the ACM, and Mobile Computing & Communications, among others.
He is a member of the Association of Independent Information Professionals (AIIP).
Keith holds dual Bachelor of Arts degrees in Magazine Journalism and Sociology from Syracuse University.
