5 Ingredients for a Successful Tech Start-up

5-Ingredients-for-Successful-Tech-Startup

Startups are popping up like mushrooms everyday, pretty much every startup has the same message.
“We are a startup, we are in search of funding…“How wonderful will it be to get funding… the startups that get funded are celebrities.

They do get exemplary treatments in the media circuits, suddenly they are news worthy materials.

Of course they could be having something very serious and sincere, disruptive to market kind of service, by way of addressing immediate business or social problem.

Whenever this happens, you will notice that several similar startups popup at every zone.

They even book similar names.

If FlipKart became famous, then there are so many others with names ending with the same old KART.

Not many among them succeed and the ones that do succeed have some very common points that can be traced as a pattern.

Here is a look at exactly five common aspects of successful start-up companies.

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Let’s Talk About BI Data Democracy

Data democracy

When business intelligence vendors talk about democratizing data discovery, they can have very different interpretations about ‘democracy’. If a business intends to provide self-serve BI tools to its employees for daily use and data discovery, it must provide true data democratization. The business user cannot be limited to viewing static dashboards developed by dashboard developers with only the most basic drill down and filtering capabilities. Business users must be empowered by true data democratization and self-serve BI tools, which, in many cases, is the original intent of a BI solution implementation. Sadly, many businesses never achieve their original goals, but rather end up with ‘packaged dashboards’, because they are hamstrung by desktop-based data discovery BI tools that require design control and intervention by dashboard developers and limit business users to packaged views and tasks.

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Psychology of Software Product Development

You know what would be boring…?

A lesson on psychology! So as to make the article interesting, let us progress with a story arc format consisting of the good, the bad and the funny side!

Product-Development-Psychology

The Good Side of the Story!

We have known people and have worked for people who understand nothing about technology, but have a defined domain knowledge or expertise or clarity of purpose to pursue use of technology to expand their skills to a global arena through automation made feasible by technology.

By automation, we are specifically talking about delivering value through use of software, rather than manual tasking.

Say for instance, an auditor who does auditing of major hospitals, food & beverage industries have found that the process could be optimized by use of an iPad type device that will carry the standardized forms for compliance regulation and works, just works! On both offline and online mode.

This simplification is a welcomed simplification; business needs efficiency, less paper work, more quality coverage and accuracy.

This forms the clarity of purpose behind the development of software product.

Software-Product-Development

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BI Tools for SMEs? Not Just Maybe, But DEFINITELY

BI-for-Small-Business

Small and medium sized organizations often give up on the idea of business intelligence and corporate performance management, because they believe that the BI tools and solutions are too expensive and complex to implement and that their organizational structure and processes is simple enough to manage without these types of tools.

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Case Study: eDemocracy Consultation, Deliberative and Collaboration Tools

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This Elegant MicroWeb client is an eDemocracy Solution provider in the UK. The client wanted a toolset to support the promotion of dialogue and interaction, collecting feedback, analyzing public views and helping to reach consensus. The toolset included a Consultation Management Tool, a Deliberative Consultation Tool and a Dialogue and Consensus Building Tool.

 

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True Self-Serve BI Treats Employees Like Customers

BI-Democratization_image

There has been a lot of talk about data democratization and self-serve business intelligence (BI). There are many reasons why BI vendors and customers are interested in self-serve BI tools. For BI customers, the need to involve all team members in driving business results is a no-brainer. For BI vendors, the need to satisfy customer demands is also a no-brainer. So, why does it seem to be taking so long to get to achieve true BI self-service?

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White Paper: Return on Investment (ROI) The Cost vs. Value Equation for Offshore Software and Technology Projects

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When you engage an offshore service provider, you must predict measurable results and achievements in order to justify the cost of acquiring the service. Ideally, the value of the service should exceed, or at the very least, be equal to, the monetary investment. If the value of a service or product is particularly unique, the organization may be willing to pay more for that service or product. This document includes some recommended value factors for your consideration. We have also included two approaches to analyze vendor value. One is a ‘risk’ assessment and the other is a ‘weighted value’ assessment. You may use one of these two methodologies to calculate the value of a vendor service offering versus the quoted cost or fee.

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White Paper on How to Select an Offshore Development Partner

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The successful offshore partnership does not happen by accident. There are numerous things to consider and plan to ensure that your enterprise will achieve positive results and enjoy a fruitful relationship with your offshore partner.

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