Technology projects have a blemished track record, producing hundreds of billions in losses each year. "Over budget, delivering less, schedule delays, quality issues, you name it, and technology projects suffer from it," remarked Mark Wesker, Workspace Software's CEO. Wesker added, "the industry has tried management processes, development methodologies, even reducing project scope to minimize mistakes, but at the end of the day, this is a data problem in need of a solution. Survey every technology project being executed across the globe, and you'll find one common theme; huge volumes of project data being accumulated across a mishmash of tools. With project data fragmented, collaboration suffers, teamwork is compromised, and real-time intelligence into key project indicators is virtually non-existent."