Periodic Reporting for period 1 - DATACONTROL (DataControl: Reliable, Secure and Comprehensive cloud backup as a service solution)
Reporting period: 2019-07-01 to 2019-09-30
Our objective is to provide the backup solution that allows companies all the backups of different databases from one centralised tool, to ensure absolute governance over the company’s most valuable asset: their data.
Task 1: Technical feasibility assessment: We have outlined a technical plan, which, among other things, will allow us to support different database systems stored both on-premises (company’s data centre) and off-premises (cloud storage). It includes several development and validation steps and will define all necessary developments to ensure our international market expansion. We have paid attention to those technical risks that could compromise the successful development of DataControl. We have quantified them with a proper risk assessment methodology and have proposed mitigation measures to reduce the risks.
Task 2: Commercial feasibility assessment: We have analysed the open-source database market by identifying our potential end users and their needs. Next, we have paid attention to the global market and have decided on our targets and our marketing strategy. We have also listed and studied our main competitors and their strengths. Finally, we have elaborated an IPR-analysis to guarantee Freedom-to-Operate for DataControl.
Task 3: Financial feasibility assessment: Our financial plan includes performing a full cost/benefit analysis, in which we have evaluated the total investment required to achieve the technical developments and prepare the commercial exploitation.
Finally, we have established the business model (including a pricing strategy), defined a set of specific objectives, supported by SMART KPIs, defined our strategic partners, studied our scale-up potential and analysed our impact on the market, addressing both business and European challenges. Finally, we have estimated both the profits and the Return on Investment (RoI) of DataControl.
Technologically, we expect to integrate at least 20 European cloud providers and 10 different database systems by the end of the project.
Our project will address business challenges of GDPR compliance, cybersecurity and data management, and European challenges of sustainable growth (as data centres provide a substantial economic impact to the regions in which they are located) and carbon footprint (as corporate data centres are a major source of energy consumption while studies show that the full transition towards cloud-based services would entail 98% of electricity savings) and will contribute to the European cloud leadership (by giving more visibility to local cloud providers).