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Isaiahensley / Aquatic-RIG

Our Senior Capstone project focuses on developing a Streamlit website dedicated to the visualization of aquatic NetCDF datasets. Aquatic data is inherently complex, being both spatiotemporal—capturing information over different times and space. Our website will let users alternate through time and depth to give comprehensive visuals for their data.
https://aquaticrig-develop.streamlit.app/
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Revenue Streams #6

Closed Isaiahensley closed 11 months ago

Isaiahensley commented 1 year ago

1) For what value are our customers really willing to pay? 2) For what do they currently pay? 3) How are they currently paying? 4) How would they prefer to pay? 5) How much does each Revenue Stream contribute to overall revenues?

spaude11 commented 12 months ago

Currently working to get the information regarding our revenue stream.

spaude11 commented 11 months ago

Our primary investor are supplied with Proposed Budet Form. We are requesting the funds for supportive expenses. Our project team have requested following expenses to be covered through various funds.

Supportive Expenses LaSPACE Funds Requested. Institutional Match Funds

Supplies and Materials. $250 $1500

Communication & Equipment $3750. N/A

Other Direct Cost N/A. $500

Total Project Cost $4,000 $2000

Budget Justification Direct labor such as researchers, graduate students, are not included in expense ledger. Supportive expenses such as Supportive Expenses 1. Travel Not requested. Budget Justification C.

  1. Communications and Equipment We are requesting $3,750 to purchase the base package of a BlueROV2 from BlueRobotics, which is equipped with an IMU, a magnetometer, a barometer for pressure measurements, and high definition (1080p, 30fps) wide-angle low-light camera.
  2. Supplies and Materials We are additionally requesting $250 for an external temperature sensor and a wireless controller. LSUS is going to provide an in-kind match in the amount of $1,500 for purchasing the tether, lights, a lithium-ion battery with its charger, robot assembly and other accessory costs.
  3. Direct Cost LSUS is going to provide an additional in-kind match in the amount of $500 to cover the cost of publication of a manuscript or presentation at a conference related to this project.
  4. Subcontracts Not applicable.
  5. Subtotal B The total requested amount of $4,000, accompanied with an in-kind match of $2,000 from LSUS.
  6. F&A (Indirect) Not applicable. Total Project Cost The total LaSPACE funds request is $4,000, with an institutional match from LSUS in the amount of $2,000.
blackm61 commented 11 months ago

Our primary investor are supplied with Proposed Budet Form. We are requesting the funds for supportive expenses. Our project team have requested following expenses to be covered through various funds.

Supportive Expenses LaSPACE Funds Requested. Institutional Match Funds

Supplies and Materials. $250 $1500

Communication & Equipment $3750. N/A

Other Direct Cost N/A. $500

Total Project Cost $4,000 $2000

Budget Justification Direct labor such as researchers, graduate students, are not included in expense ledger. Supportive expenses such as Supportive Expenses 1. Travel Not requested. Budget Justification C. 2. Communications and Equipment We are requesting $3,750 to purchase the base package of a BlueROV2 from BlueRobotics, which is equipped with an IMU, a magnetometer, a barometer for pressure measurements, and high definition (1080p, 30fps) wide-angle low-light camera. 3. Supplies and Materials We are additionally requesting $250 for an external temperature sensor and a wireless controller. LSUS is going to provide an in-kind match in the amount of $1,500 for purchasing the tether, lights, a lithium-ion battery with its charger, robot assembly and other accessory costs. 4. Direct Cost LSUS is going to provide an additional in-kind match in the amount of $500 to cover the cost of publication of a manuscript or presentation at a conference related to this project. 5. Subcontracts Not applicable. 6. Subtotal B The total requested amount of $4,000, accompanied with an in-kind match of $2,000 from LSUS. 7. F&A (Indirect) Not applicable. Total Project Cost The total LaSPACE funds request is $4,000, with an institutional match from LSUS in the amount of $2,000.

The revenue stream you commented is about how our project is funded, not about revenue streams from potential customers

spaude11 commented 11 months ago

Revenues streams: the sources from which a company gets money by either selling the product or service to the customers. Our product will be Transaction based revenue. We will be Licensing: our client will pays to get permission to use the software. Advertising: by charging the customer to advertise a product, service or brand using our software.

rpeters47 commented 11 months ago

Will a free-trial be offered so people can see what the site offers?

spaude11 commented 11 months ago

@rpeters47 we will give our customer draft for how the application will work. Based on that we can discuss with the customer. Customer meeting and contracts will help us to decide whether free trial is necessary.

spaude11 commented 11 months ago

The project is new of its own kind. We are combining various applications within the same roof, we will provide customer with data analysis, data visualization, path prediction, data prediction. The whole project will help customer reduce the expense which they currently pay in order to get the same data from several fields. The current data visualizer earns minimum of $47 per hour. Extra cost like processer, tools like Tableau and PowerB requires extra $100s of dollar. With our project and the fully developed tools, customer will basically get the easily represented data without any critical knowledge in data analysis terms in simply low cost and with high effeciency. The overall project will cost customer $300 per month. The revenue stream from customer will cover 80% of our revenue stream. We will use our platform to generate ad revenue as well which will cover 20% of the revenue.

rpeters47 commented 11 months ago

we can close now

Isaiahensley commented 11 months ago

Looks good to close after @blackm61 comments

blackm61 commented 11 months ago

good

spaude11 commented 11 months ago

For what value are our customers really willing to pay? Customers will pay for the reduction of various processing under one roof, for our expertise and reduction of expenses that they used to pay for same information.

For what do they currently pay? Data visualizer: $47, Processor: $230

How are they currently paying? With our project and the fully developed tools, customer will basically get the easily represented data without any critical knowledge in data analysis terms in simply low cost and with high effeciency.

How would they prefer to pay? The overall project will cost customer $200 per month.

How much does each Revenue Stream contribute to overall revenues? The revenue stream from customer will cover 80% of our revenue stream. We will use our platform to generate ad revenue as well which will cover 20% of the revenue.