Data Ecosystem MVP: Product Requirements Document

Target release

 

Epic

 

Document status

DRAFT

Document owner

@Ian Cook (Unlicensed) @Graham Tolson (Deactivated)

Designer

 

Product Owner

@Graham Tolson (Deactivated)

Data Engineering Lead

 

Objective

Success metrics

Goal

Metric

Goal

Metric

Very active data ecosystem

# of connections between end clients and data provider

Options for data buyers

# of data providers and data assets

Largest single location of value creation for data asset owners

# of opportunities.

streamlined process for data providers

time to full on-boarding.

Revenue From enterprise clients access the provider network.

$15,000 for end data consumers

$75,000 for intermediary

Assumptions

 

Target Market - ALL PROVIDERS (engaged data provider)

Active Data Provider:  Data providers looking for value creation (revenue) from new or pre-existing data products. These providers have agreed to use the freemium solution in exchange for opportunities. Engaged data providers personas will span from exhaust data providers to some large data providers who are open to third party collaboration. Sweet spot is mid-sized data providers. 

Active data providers will be predominately providing decision making data, not ad-tech and CRM data.

 

Small - Data Providers:

  1. Profile

    1. 1-10 employees

    2. <3mm ARR

    3. Single data asset 

    4. Limited in-house capabilities

    5. Revenue strapped, so value revenue above all else (will exchange short term cash for long term strategy)

  2. Knoema Strategy

    1. 5 out of 10 small providers will fail or fade

    2. Data assets typically are limited in business use cases

    3. Knoema must work with small providers to find the 2 out of 10 winners.

    4. Small providers cannot pay anything. They are revenue strapped. DO NOT BUILD BUSINESS AROUND THEM

Medium - Data Providers:

  1. Profile

    1. 5-50 employees

    2. 3mm -30mm ARR

    3. Have business model figured out

    4. Single valuable data asset or multiple data assets

    5. Understand productization and selling data

    6. Have in-house capabilities, but lack resources to grow often

    7. Looking for revenue, but also have a strategy

  2. Knoema Strategy

    1. Reduce friction and offer scale

    2. Single data asset providers will require access control & monitoring

    3. Multi data asset providers will look for scaling product information & 

    4. Find data value creation success stories in Medium data providers (evangelists)

    5. Offer the scale they do not have with their internal teams. 

Large - Data Providers:

  1. Profile

    1. 50+ employees

    2. 50mm+ ARR (Typically multi-billion dollar businesses)

    3. Maintain full control of their revenue/ sales initiatives

    4. Looking for opportunities that “move the needle”

    5. Worried about cannibalization of sales

    6. Control / access control is very important.

    7. Will not engage with something that looks like another platform.

  2. Knoema Strategy

    1. Use direct data buying and large intermediary opportunities to drive adoption.

    2. Provide open source protocol in V2 for to meet large data provider requirements for control of branding.

    3. Have monitoring and access control early in product life cycle.

Market Definitions

Company Size

Profile

Sell Strategy

Notes

Example Companies

Company Size

Profile

Sell Strategy

Notes

Example Companies

Small

  1. 1-10 employees

  2. <3mm ARR

  3. Single data asset 

  4. Limited in-house capabilities

  5. Revenue strapped, so value revenue above all else (will exchange short term cash for long term strategy)

[Why would the small ones use Knoema?]

 

  1. Data assets typically are limited in business use cases

  2. Small providers cannot pay anything. They are revenue strapped. DO NOT BUILD BUSINESS AROUND THEM

 

Medium

  1. 5-50 employees

  2. 3mm -30mm ARR

  3. Have business model figured out

  4. Single valuable data asset or multiple data assets

  5. Understand productization and selling data

  6. Have in-house capabilities, but lack resources to grow often

  7. Looking for revenue, but also have a strategy

  1. Reduce friction and offer scale

  2. Multi data asset providers will look for scaling product information & 

  3. Find data value creation success stories in Medium data providers (evangelists)

    1. Offer the scale they do not have with their internal teams.

  1. Single data asset providers will require access control & monitoring

 

Large

  1. 50+ employees

  2. 50mm+ ARR (Typically multi-billion dollar businesses)

  3. Maintain full control of their revenue/ sales initiatives

  4. Looking for opportunities that “move the needle”

  5. Worried about cannibalization of sales

  6. Control / access control is very important.

  7. Will not engage with something that looks like another platform.

  1. Use direct data buying and large intermediary opportunities to drive adoption.

  2. Provide open source protocol in V2 for to meet large data provider requirements for control of branding.

  3. Have monitoring and access control early in product life cycle.

 

 

 

Competitor Profiles

Competitor Name

Offerings

Strengths

Weaknesses

Customers

Pricing

Competitor Name

Offerings

Strengths

Weaknesses

Customers

Pricing

 

 

 

 

 

 

 

 

 

 

 

 

 

Milestones

Jul2018AugSepOctNovDecJan2019FebMarAprMayJunMilestone 1Go/No goMilestone 2
Dashboard
Notification

Feature 1

Feature 2

Feature 3

Feature 4

iOS App

Android

Requirements

Requirement

User Story

Importance

Jira Issue

Notes

Requirement

User Story

Importance

Jira Issue

Notes

1

HIGH

 

 

2

Must have email notification

 Data provider receives email notification for new public opportunity, new private opportunity shared, new public data request

HIGH

 

 

3

Must have monitoring of opportunities

Data provider can monitor basic metrics provided back on from opportunity (Dataset for every opportunity). Example: number of views data provider has received through the Knoema.Com Ecosystem Introduction opportunity.

HIGH

 

 

4

Must have minimum viable opportunities and data requests

Data providers must login and see 5 standing data opportunties and see 4 data requests.

 

HIGH

 

No Development required

5

Must have neutral branding and provider logo

Data provider can put their logo at the top of the Portal Nav Bar. “Powered By Knoema”. Data provider feels this is their tool for value creation.

MEDIUM

 

 

6

Must collect meaningful information

Provider can provide information to central repository of Company/Product/Asset Info for use in opportunities (Free, open-source protocol) 

https://docs.google.com/spreadsheets/d/10fdPy9A-IDyC43ZsR2zjzWIS1rNP1FD5TZ8PPnz9QWA/edit?usp=sharing

  1. Traditional Metadata Collection (Free, open-source protocol)

MEDIUM

 

 

User interaction and design

provider.knoema.com

 

Open Questions

Question

Answer

Date Answered

Question

Answer

Date Answered

 

Business Initiative Owner - After Product Build

Business Initiative

Plan

Owner

Business Initiative

Plan

Owner

Opportunities

Sales will bring in new enterprise clients which will increase total number of opportunities that are possible

CSMs will push enterprise clients to create standing opportunities for how they would like to engage with data provider network.

Graham will coordinate and advise on creation of opportunities. Standard layout does exist in google doc shared with enterprise client

At end of stealth phase, marketing will starting pushing Knoema data provider network and engagement through opportunities.

@Emily Somma (Unlicensed)

@Graham Tolson (Deactivated)

@RichardYonkers

@Marketing

Data Request

CSMs will provide Data Request form to enterprise client on either portal homepage (all portal users can submit) or portal admin dashboard shared privately with admins.

Graham will triage data request and initiate a data request dashboard in provider.knoema.com portal. All providers are notified.

@Emily Somma (Unlicensed)

@Graham Tolson (Deactivated)

On-boarding data providers

Graham will convert current data provider network to formal network by approaching and email/ personal outreach.

New data providers will be invited to join with marketing material provided by marketing.

@Graham Tolson (Deactivated)

@Marketing

Assignment of Opportunities & data requests

Graham will coordinate and organize assignment of opportunities to on-boarded data providers.

@Graham Tolson (Deactivated)

Monitoring datasets

Knoema content team will push monitoring metrics to an individualized data provider data set. (Data_provider_opportunity_metrics.csv). Dataset will then populate opportunity monitoring dashboards, which are assigned by Graham per data provider

@Ivan Lapitsky (Unlicensed) @Graham Tolson (Deactivated)

Out of Scope

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