Professional Documents
Culture Documents
Digital Assignment - 2: Submitted For Theory Component
Digital Assignment - 2: Submitted For Theory Component
DigitalAssignment-2
SubmittedforTheorycomponent
Faculty:VincentHeraldWilson
Slot:TE1
SubmittedBy:
ShreyaK
undu 19BCE2319
NaitikK
achhara 19BCE2307
NishitP
andit 19BCE2514
DeepeshD
urairajan 19BCE2300
SushantS
inha 19BIT0421
SCHOOLOFCOMPUTERSCIENCEANDENGINEERING-SCOPE
1. BusinessCanvasModel
Thebusinessmodelcanvasisastrategicmanagementtoolthatletsyou
visualizeandassessyourbusinessideaorconcept.It’saone-pagedocument
containingnineboxesthatrepresentdifferentfundamentalelementsofa
business.
Thebusinessmodelcanvasbeatsthetraditionalbusinessplanthatspansacross
severalpages,byofferingamucheasierwaytounderstandthedifferentcore
elementsofabusiness.Therightsideofthecanvasfocusesonthecustomeror
themarket(externalfactorsthatarenotunderyourcontrol)whiletheleftsideof
thecanvasfocusesonthebusiness(internalfactorsthataremostlyunderyour
control).Inthemiddle,yougetthevaluepropositionsthatrepresentthe
exchangeofvaluebetweenyourbusinessandyourcustomers.
ThebusinessmodelcanvaswasoriginallydevelopedbyAlexOsterwalderand
YvesPigneurandintroducedintheirbook‘BusinessModelGeneration’asa
visualframeworkforplanning,developingandtestingthebusinessmodel(s)of
anorganization.
a. ValueProposition
Our startup is aimed at providing a cheaper and more economical way of
storing data. Unlike conventional data storage techniques which lack total
privacy trust and are costly, we plan to
build
a software
which is 100% secure
andfarmorebettersuitedforstoringdata.
Our startup plans to utilize the existing storage spaces on the users’ devices
and rent it out over the internet to the interested parties. This type of
storage
should be cheaper and far
more
redundant on
account of
being distributed over
a large number of devices. Moreover, the user holds the keys over the
encryptionofdataandhenceitissecure
b. CustomerSegments
We carried out a survey with people at random and found out the following
results:
● The average vacant storage space on a person’s computer was about
500GiBs
● About 86% of the people had doubts with the security of their data in the
existingcloudstoragesystemsandnearly53%believed thatitwascostly
● The maximum amount of cost they were willing to
pay for a 1TiB of
cloud
storage was about Rs.500 which is nearly a third of
the current prevalent
costs
● About87%ofpeoplehadaccesstohighspeedInternet.
● Nearly 66% people were willing to rent out their excess storage space for
money
The above survey shows that
there is a favorable condition and demand among
the people for our product. Most of them feel that the existing cloud storage is
costly and insecure. The survey also shows that they are willing to rent out
their
excess storage on
the Internet for money and since they also have access to at
least20Mbpsinternetspeed applicationofourideaishighlypossible.
c. Channels
Our service is of the type Platform as a Service(PaaS) with some features of
Infrastructure as a Service(IaaS) and hence provides a platform over the
internet in
the form of
a web app or
mobile app
for
the
users to access. It
allows
hosts to sell their space and clients to purchase storage. It also provides the
facility for the users to create smart contracts between the clients and hosts
which are then stored on the Atlas Blockchain for transparency and enforced
accordingly.
d. CustomerRelationships
Weshalldividethecustomerrelationshipsintothreetypes:
● GettingtheCustomers
We shall initially attract the customers towards our service via
Initial Coin
Offering(ICO) of
our Atlas Tokens and advertisements. The ICO shall help
popularize our service among the people as
they will
be attracted to
try
it
out.
● KeepingtheCustomers
Once our customers get to using our service we shall provide them with
incentives such as discounts over storage space costs, limited time
additional rewards over storage rent and so on.
Such offers tend to
please
the customers and keep them associated with us. Also the project shall
continuouslybedevelopedupon toincludenewfeaturesandservices.
● GrowingtheCustomerbase
For growing the customer base we shall invest in
regular advertisements
and ‘refer a friend’ type of schemes so that the existing customers shall
alsocontributeinattractingnewcustomerstotheservice.
e. KeyResources
Thekeyresourcesofourstartupincludesthefollowingitems
● Finance
○ Initialinvestmentforhiringdevelopers
○ Settingupsmallscaleoffice
○ DomainandServercostsfortheservice
● Human
○ WebandBlockchainDevelopers
○ Securitystaffforthepremises
○ Accountantsandvariousdepartmentheads
● Intellectuals
○ CopyrightsandPatentsforsecuringthestartupidea
f. KeyPartners
The
key partners for
our
startup would be
the emerging startups and small scale
businesses which can greatly benefit from service as it will help reduce their
costs
of
storage. We shall
reach out
to
them and offer
lucrative deals for
them
to
become associated with us. The growth in the partner base shall
be the
main
pushintheriseofthestartup.
g. KeyActivities
Our startup is based on the ‘build once, optimize later’ model where we shall
build the
software and
initially and
later
on work to
add newer features
to it.
The
key activities
initially
would involve building the
software for
which
we
shall hire
skilleddeveloperswhoshalllaterworkontheoptimization.
2.
a. MarketSize
Accordingtoasurveyweconductedwithpeopleatrandom,Wefoundoutthat:
● The average vacant storage space on a person’s computer was about
500GiBs
● About 86% of the people had doubts with the security of their data in the
existingcloudstoragesystemsandnearly53%believed thatitwascostly
● The maximum amount of cost they were willing to
pay for a 1TiB of
cloud
storage was about Rs.500 which is nearly a third of
the current prevalent
costs
● About87%ofpeoplehadaccesstohighspeedInternet.
● Nearly 66% people were willing to rent out their excess storage space for
money
The above survey shows that
there is a favorable condition and demand among
the people for our product. Most of them feel that the existing cloud storage is
costly and insecure. The survey also shows that they are willing to rent out
their
excess storage on the Internet for money and since they also have access to at
least20Mbpsinternetspeed applicationofourideaishighlypossible.
We will be aiming to get long term agreements with huge vendors which will
guarantee us a constant source of
income and on the side, we will be generating
fundsfromthefeesclientspaytouseoursoftwareforstoringtheirdata.
b. CostStructure,
The cost
of
initial
setup
of
our
main
infrasture, which includes storage centers, is
effectively free. Unlike cloud storage solution providers like
Google, who spends
$1.2 billion for Oregon Data Center, our approach needs no special
infrastructure.
Since we
are building a software based startup, we won't need a super
big office.
Considering the
current rental prices
for
offices in
Bangalore, keeping 50,000 as
ourmonthlyrentisasafeestimate.
Ourteamwouldcomprisethefollowingmembers:
● 5co-founders,
● 4-5(1leaddeveloper)softwaredevelopers,
● 1HR.
We aim to hire only graduates and freelancers as they will
be more cost-effective
and as
a matter of
fact
we won't be able to
afford highly experienced developers.
The moderately skilled developers will be given 6-7lpa and the lead developer,
whowillbeaccountableformeetingthetargetswillbegiven12-15lpa.
We will also need to initially invest in our basic equipment. This
will
include our
Laptops, Internet service, Electricity, Online web service, Offline marketing and
other resources. We aim to cover all these expenses in the range of 5-6 lakhs
initially,andastheteamexpands,wewillspreadourresourcesproportionately.
To cut down the cost incurred for using licensed software, we would maximize
theuseofopensourcetoolsandsoftwares.
Meanwhile, our Marketing and Business model co-founders will
be working solely
on getting a client which pays us
for
using our
service on
a large scale. Being in
Bangalore comes into action here, we will have multitude of potential clients in
ourvicinity.
In future, rather than expanding rapidly and burning all our funds, we will be
aiming to get long term agreements with huge vendors which will
guarantee us a
constant source of
income. This
approach makes us
a D2B service. On the
side,
we will
be generating funds from the customers who will
be using our software for
storingtheirdata,thiswillmakeusaD2Cservice.
c. RevenueS
treams
Revenuestreamsarethedifferentsourcesthroughwhichabusinessearnsits
revenue.Abusinesstakesintoaccountallthedifferentactivitiesitperforms
inthemarkettogeneraterevenue.T heconceptofsharedcomputingresources
isgrowinginpopularityowingtothecostsavings.Ourstartupearnsrevenueby
takingacutonthetransactionsbetweenthehostsandclients.Thefeesare
relativelylow,andareconsiderablylowerthanthefeeswhichtraditionalcloud
storagesrequire.Furthermore,additionalprofitsshallbegeneratedviatheprice
riseoftheatlastokenasthestartupgetsintothemainstream.
d. ValueChain
Value Chain is made up of primary and secondary activities
that
affect
a
product’s value to both the customer and the company.
Our Business model -
AtlasStoragefollowsthecloudvaluechainreferencemodel
● Primary Core Services Layer : This layer incorporates core infrastructure
services, required for the development of any Cloud service model. This layer
consists of the following sub-layers: The hardware services (HW-Srv) or fabric
sub-layerincludesnetworking,processing,storage,andotherdeviceservices.
● Cloud-Oriented Support Services Layer : This layer incorporates all activities
developed solely
to
support
and enable
the Cloud in
real
world
markets. Services
in this category are normally developed and deployed based on customized or
specific needs.This services include activities of running, operating,and
troubleshootingcoreservices
● Business-Oriented Support Services Layer : This layer represents all
non-technical business services that support businesses and Cloud industry
business. This
layer
includes services
in existing,
real-world
markets, customized
tothebusinesssideofGridcomputing.