Periodic Reporting for period 1 - SELKOAI (Feasibility of SELKO AI)
Reporting period: 2019-06-01 to 2019-11-30
The process of analysing the requirements and specifications is a time-consuming and manual task, where errors are frequent, and risks involved can be devastating. Mistakes in the requirements analysis are a common cause for delays and additional development and maintenance costs.
Sizable losses in large technology companies are recorded on an annual basis that directly or indirectly result inadequate risk management in the tendering and implementation phases of technology projects. In addition inefficiencies in the tendering processes result in significant productivity losses on a global level.
The overall objective of the feasibility study is to match the Selko offering with customer needs and create a successful business plan. The feasibility assessment will help us prepare us for the Phase 2 project and full-scale commercialization of Selko AI.
The work during the project resulted in several strategic decisions - a clear strategic shift in terms of focus to a new target segment, as well as updates on different elements of the business model that lead to better scalability and more marketable offering.