During the last three months we have been able to validate the technical, commercial and financial viability of our novel technology. The Feasibility Study reports the results of the three tasks proposed during the Phase 1 proposal:
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.
