The next generation of Business Intelligence will be conversational. Imagine chatting with your data the same way you chat with friends on WhatsApp.
My Vision is to create a revolutionary Conversational BI Solution by leveraging the power of AI. Such that Businesses will use our MS Teams and WhatsApp bots to query their BI Systems.
This can truly disrupt the way businesses interact with their data.
Current Business Intelligence tools often fail to highlight the specific data points users need, cluttering with excessive, non-targeted information.
The attempt to display extensive data leads to increased complexity, making tools like Pivot Tables daunting for key personnel, such as CFOs.
Many reporting solutions, including popular ones like Excel and Tableau, require significant user training, hindering ease of use.
The development of reports and dashboards incurs significant costs, often necessitating the hiring of external consultants, which adds to the financial burden.
The lengthy process to deploy new reports delays access to business-critical data, impacting timely decision-making and operational efficiency.
The diverse range of reporting tools, such as Excel and Tableau, requires extensive user training, adding to the complexity and resource constraints.
Leveraging advanced technologies like Large Language Models (LLMs), Generative AI (GenAI), and cutting-edge bot programming, we offer plug-in chatbots for MS Teams and WhatsApp, enabling seamless business data access. These chatbots are immediately operational and customizable to specific business requirements.
Research indicates that Conversational BI will become increasingly significant in the BI ecosystem, potentially replacing many traditional dashboard and report solutions.
The advent of ChatGPT and similar LLMs has recently made Conversational BI possible in the first place.
This breakthrough paves the way for businesses to access data swiftly, a cornerstone for success.
Consequently, this innovation presents a significant business opportunity in the era of data-driven decision-making.
Global BI Market 2023: Estimated at €27 billion, growing at 10% annually.
Global AI Market 2023: Projected at €200 billion, with a growth rate of 30%.
Shopify Apps Market 2023: €1,4 billion
German BI Market 2023: Valued at €2 billion, increasing at a 10% yearly rate.
German AI Market 2023: Stands at €6 billion, expanding at 30% annually.
Reporting related Shopify Apps Market 2023: €50 Million
Considering around 90,000 German enterprises with over 50 employees as potential clients, aiming for a 1% market capture (900 companies) could yield approximately €80 million annually. If these enterprises allocate 5% of their annual budgets to our AI/BI solutions, this implies a SOM of €4 million per year.
Additionally standardized Bots for Shopify will add €200k yearly
Providing customized bots tailored to the specific needs of larger enterprises. This includes a one-time setup fee and a monthly subscription fee per user.
Offering standardized bots for platforms like Google Analytics and Shopify in a SaaS format. Services are available as a Freemium model to facilitate easy onboarding.
We engage with businesses directly through a dedicated sales team that can demonstrate the value and utility of the Conversational BI tool.
We will partner with regional and international consulting firms
SMEs and Freemium users will be targeted through SEA, SEO, and social media advertising, to raise awareness and generate leads.
Stemming from my nine-year project at Deutsche Telekom, there is notable interest in deploying a Conversational Business Intelligence bot, specifically trained on their forecasting data.
A Proof of Concept, leveraging Shopify and Google Analytics, has been effectively utilized by the E-Commerce Team for managing our 250k Online Shop.
Several affiliated stores have expressed keen interest in adopting a Microsoft Teams Bot, highlighting its potential utility across the retail sector.
My proof of concept is not just an idea—it’s a working, fast, and reliable prototype ready to scale. This rapid prototyping ensures that our projects move quickly from concept to reality, demonstrating our commitment to innovation and efficiency.
By leveraging AI tools similar to GitHub CoPilot, our development process is streamlined, significantly reducing time-to-market. This approach not only enhances our productivity but also ensures that we stay at the forefront of technological advancements.
The breadth of the founder’s network spans multiple industries, providing invaluable insights and opportunities. This expansive network allows us to foster collaborations, gain diverse perspectives, and access resources that are crucial for our success.
Our team brings a wealth of knowledge from various sectors, ensuring a well-rounded and informed approach to problem-solving. This industry expertise is instrumental in navigating challenges and capitalizing on opportunities, driving our projects to success.
For a subscription-based business model, the company is projected to become profitable by 2028, achieving a 12% return on investment by 2030, assuming a 30% stake and a 2M investment.
