Company

Currently, this industry’s main demographic is other businesses that have complex operations
that require real-time data in line with historical data. Data processing is an industry that has
been outsourced by companies more and more in the most current years. The growth of this
industry is expected to increase as time continues. The major segments the market reaches
ranges from retailers, financial entities, government entities, and non-financial companies.
The Financial Sector has proven to be the largest buyer of this industry’s products and
services, which makes up about 16 percent of the industry’s revenue, mainly in the form of
market and transaction data. While the second biggest purchaser is Public Administration
which accounts for 12 percent of industry revenue, although both these trends have declined
over the years with respect to revenues, which can be due to the massive growth in the
industry’s total revenue in other areas. As many retailers are moving forward to a standard
Enterprise Resource Planning System, analytics has been shown to be a massive trend as
companies seek to create value through data insights about customer behaviour. There three
primary sources that comprise 54.5% of this industry’s revenues. To start, data processing is
one of the main sources, which allows the business to work more efficiently using
technology. Next is data storage, which is self-explanatory that companies allow other
businesses to store their data using their infrastructure. Lastly, application service
provisioning, which is also called Software as a Service. SaaS, for short, allows companies to
more cheaply get similar results without maintaining equipment. Furthermore, as confidence
in business improves with corporate profits reaching record highs, we may see greater
spending in IT equipment and software. This is especially the case as security and
technological developments catch the public eye quicker than ever.

Data and analytics services have these capabilities and are well positioned to capitalize on
this trend. Capabilities that company specializes in includes Data Warehousing, DevOps,
Reporting and Analytics. It provides holistic data and analytics consulting and project
management and implementation skills.

Climate
Data handling system projects are always potentially political because they change both the
terms of data ownership and data access. As data warehouses store data from different
sources into one platform, privacy and security of these data should be safeguarded. Not only
should the data be stored centrally, also access and control to the data should be managed
from one control point or at least uniformly across users. It should furthermore be formally
contracted who has the ownership of the data, as well as the responsibility. There is increased
focus on data privacy across the developed countries. It will not be long before such
considerations are enforced in India as well. Here we are well positioned as a company as our
tool has Data Governance model as well.

Data warehouses have the highest functionality (storage, processing and analytics), hence
also require the highest cost. Storage costs relate to physical server space (can be own server
racks or an external cloud-based option), while processing power is needed for formatting,
cleaning and checking for accuracy and quality. As continuous availability of data frequently
is a hard requirement, costs are increased to ensure redundancy. These costs are of course
made to increase functionality: data warehouses have a high revenue potential because the
data is easily searchable and because the platform offers integrated analytics and reporting
tools.

As companies grow and become more complex, they produce a huge amount of data that can
prove be incredibly valuable to the company. Software-as-a-Service, in 2014, grew from $57
billion dollars to $90 billion dollars in 2018, which account for 70% of total spending in
technology. This is followed by Infrastructure-as-a-service which accounts for 15% and
Platform-as-a-Service which accounts for 14%. Additionally, as these operations gain
complexity through technology, cyber attacks are becoming much more problematic. Cyber-
attacks have cost roughly $400 billion annually for companies, and spending in this area is
expected to grow by 40% by 2017. This cyber-threat development is pushing larger
companies to improve their services, which in turn, has left opportunity for smaller
companies that are more specialized to take advantage of these market gaps.

Collaborators

Collaborators may include suppliers, business allies, partners, government/community

leaders and others. It’s useful here to put yourself in their shoes and think through their
context, purpose, choices, relationships and behaviours.

• What’s the context in which they operate? Where do they choose to play?
• How do they see their purpose? What matters most to them and why?
• What are their strategic choices?
• How do they communicate internally and externally?
• How do they work? How do they get things done?

At any given moment, a single BI dashboard can have anywhere from 25 to thousands of
people viewing it-all with different roles, responsibilities, and various levels of expertise. A
few things to consider:

 Rarely do two people interpret a visualization and come to the same exact conclusion.
 Rarely do two people have the same exact goals.
 Rarely do two people require the same exact insights.
Creating a dashboard that accounts for all of these factors is incredibly challenging-especially
one that is engaging, understandable’ and speaks to viewers in a one-on-one way. With
enterprises heavily investing in data visualization platforms, it’s critical to have one source
of truth within a dashboard so viewers can derive understanding, eliminate misinterpretation,
and extract the full value out of these tools

Once our external stakeholders are satisfied with our services, they will automatically
become our collaborators in expanding the reach of our products

References

https://www.mckinsey.com/~/media/McKinsey/Business%20Functions/Marketing%20and%
20Sales/Our%20Insights/EBook%20Big%20data%20analytics%20and%20the%20future%20
of%20marketing%20sales/Big-Data-eBook.ashx

https://automatedinsights.com/blog/various-stakeholders-business-intelligence-dashboard/

https://www.forbes.com/sites/georgebradt/2017/11/22/consider-5cs-customers-collaborators-
capabilities-competitors-conditions-in-onboarding-prep/#2bcb847a321c