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Streamlining corporate event planning with AI
Nowadays Overview
Nowadays is an AI-powered event planning copilot designed specifically for corporate event organization. It aims to streamline the event planning process by automating tasks such as venue negotiations and logistics management. Key features of Nowadays include flight estimation and bookings, streamlined payments, attendee management, venue tools, interactive maps, and global expansion options, enabling businesses to efficiently organize events without the usual hassle.
Nowadays offers a robust solution to target users (corporate event planners) by addressing the following challenges:
- Reducing Time Spent on Planning: The AI-driven automation simplifies multiple aspects of event organization, allowing planners to focus on strategic elements of their events.
- Enhancing User Experience: By managing logistics and negotiations efficiently, Nowadays improves overall satisfaction for both event planners and attendees.
- Flexibility and Adaptability: Users can dynamically adjust event details and requirements without the need for extensive manual input or coding changes.
- Global Reach: With tools for discovering venues and services worldwide, Nowadays supports businesses in organizing events across different regions and cultures.
Market Size Estimation
- Global Event Management Market: According to a report by Eventbrite, the global event management market was valued at approximately $1.1 trillion in 2019, with continuous growth expected in the coming years as businesses increasingly prioritize corporate events.
- Corporate Spending on Events: A study from the Global Business Travel Association (GBTA) indicates that corporate spending on events is projected to reach $1.5 trillion by 2025, highlighting the growing importance of effective event planning solutions like Nowadays.
- Potential Expansion into Other Markets: While Nowadays primarily targets corporate events, its technology can also be applied to other industries, such as digital healthcare and education, both of which are experiencing rapid growth and represent additional market opportunities.
| Module | Description |
|---|---|
| Customer Segments | Corporate event planners, HR departments, and businesses seeking to optimize their event planning processes. |
| Value Proposition | An AI-powered, automated event planning solution that reduces planning complexity, enhances user experience, and improves efficiency. |
| Channels | Market promotion and sales through the company website, industry blogs, social media, and event expos. |
| Customer Relationships | Online support, documentation, and community forums for self-service, along with personalized support for enterprise needs. |
| Revenue Streams | Subscription-based pricing model, with options for monthly or annual plans that unlock premium features. |
| Key Resources | AI technology, user data, a network of venue and service providers, customer-friendly interface, and data security measures. |
| Key Activities | Development and maintenance of the event planning tool, user feedback and product optimization, marketing, customer support, and continuous updates. |
| Key Partners | Venue providers, payment platforms, airlines, and marketing companies. |
| Cost Structure | Technology development and maintenance costs, marketing expenses, server and data storage costs, and customer support and operational expenses. |
Challenges Faced
- The event planning market is competitive, with established players offering similar services, requiring Nowadays to differentiate itself in functionality, user experience, and pricing.
- Many businesses may underestimate the complexity of event planning, posing a challenge in effectively educating potential users on the value of adopting Nowadays.
- Managing user data and payment information necessitates a strong focus on security and privacy compliance, as failures in this area could harm the brand’s reputation.
Data References
- “Event Management Market Report 2023” — Eventbrite: Provides insights into market trends and growth projections for the event management industry.
- “GBTA Business Travel Outlook” — Global Business Travel Association: Offers analysis and forecasts on corporate spending trends related to events and travel.
Conversational AI assistant always ready do the job for you
AI Chat-avatar Overview
AI Chat-avatar is an AI-driven virtual assistant designed to enhance communication for various roles, such as sales, customer support, HR, and education. It aims to simplify and personalize interactions by providing real-time multilingual support, dynamic visual content (slides, images, videos), and insightful analytics. The core features include role-specific customization, seamless integration, and full control over the avatar’s tone and behavior, helping users effectively engage with their audience.
AI Chat-avatar addresses the following challenges for its target users (sales professionals, customer success teams, HR specialists, and educators):
- Improving Engagement: By delivering personalized conversations and dynamic content, users can engage their audience more effectively and drive better results.
- Language Barriers: The multilingual support allows users to communicate with a global audience, breaking down language barriers effortlessly.
- Time Efficiency: AI Chat-avatar reduces the time spent on preparing conversations, enabling users to focus on their core responsibilities.
- Real-time Insights: The analytics feature provides valuable insights into engagement levels, allowing users to refine their communication strategies continuously.
Market Size Estimation
- Global AI Virtual Assistant Market: According to research reports, the global AI virtual assistant market is projected to reach approximately $150 billion by 2028, driven by the increasing demand for automation and personalized communication.
- SaaS Market Size: As reported by Gartner, the global SaaS market surpassed $400 billion in 2023 and is expected to grow at a compound annual growth rate (CAGR) of 15% over the next few years, providing a fertile ground for AI Chat-avatar as a supportive tool.
- Digital Communication Market: While AI Chat-avatar targets various industries, its applications extend to sectors like customer service and training, which are rapidly growing, presenting additional market opportunities.
| Module | Description |
|---|---|
| Customer Segments | Sales teams, customer success professionals, HR specialists, educators, particularly those needing personalized communication solutions. |
| Value Proposition | Provides a flexible, real-time, and customizable AI-driven communication tool that enhances engagement and improves efficiency. |
| Channels | Market promotion and sales through the official website, tech blogs, social media, SaaS industry events, and partnerships. |
| Customer Relationships | Offers automated personalized services, user feedback mechanisms, and dedicated support for enterprise needs. |
| Revenue Streams | Subscription-based model, with options for monthly or annual plans to access premium features like analytics and customizations. |
| Key Resources | AI technology, natural language processing capabilities, user-friendly interface, security measures, and technical support team. |
| Key Activities | Developing and optimizing the AI tool, gathering user feedback, marketing, providing customer support, and maintaining technology updates. |
| Key Partners | Technology partners, language service providers, corporate clients, and marketing firms. |
| Cost Structure | Costs associated with technology development and maintenance, marketing expenses, server and data storage costs, and customer service operations. |
Challenges Faced
- The market has several existing AI virtual assistant solutions, requiring AI Chat-avatar to differentiate itself in terms of features, user experience, and pricing.
- Many companies may not fully understand the necessity and value of an AI-driven chatbot, making customer education and adoption a significant challenge.
- Ensuring data privacy and security compliance is critical as the product involves handling sensitive user information.
Data References
- “Global AI Virtual Assistant Market Report 2023” — Market Research Future: Provides insights into the growth trends and estimated market size of AI virtual assistants.
- “Gartner’s Market Guide for SaaS”: Offers a comprehensive analysis of the SaaS market and future growth forecasts.
The AI-native business intelligence platform
Basedash Overview
Basedash is an AI-native Business Intelligence platform designed to help users create dashboards and instantly understand their customers using natural language. Its core features include seamless integration with over 500 data sources, instant schema understanding, and natural language queries that yield immediate visualizations—eliminating the need for SQL knowledge. Basedash empowers businesses to effectively analyze their data and gain insights, enhancing their decision-making processes.
Basedash addresses the following challenges faced by its target users (small to medium-sized businesses and data professionals):
- Improved Data Accessibility: Users can interact with their data using natural language, making data analysis more intuitive and less reliant on technical skills.
- Faster Insights: Instant visualizations allow businesses to quickly derive insights, enabling timely decision-making.
- Scalability: The platform can connect to numerous data sources, adapting to the growing data needs of a business without significant overhead.
- Data Security: With SOC 2 compliance, Basedash ensures that user data is handled securely, mitigating concerns regarding data privacy and security.
Market Size Estimate
- Global Business Intelligence Market: The global business intelligence market is projected to grow from $23.9 billion in 2021 to approximately $37.2 billion by 2026, with a compound annual growth rate (CAGR) of 8.7% (source: MarketsandMarkets Report).
- Demand for AI-driven Solutions: As AI technologies become more integrated into business operations, the demand for AI-native platforms like Basedash is expected to increase, aligning with broader trends in digital transformation.
- Potential Expansion: While Basedash primarily targets business intelligence, its natural language processing capabilities could be extended to other industries needing data analysis, thereby broadening its potential market.
| Module | Description |
|---|---|
| Customer Segments | Small to medium-sized enterprises, data analysts, product managers, and marketing teams looking for accessible data visualization solutions. |
| Value Proposition | Provides an intuitive, AI-driven platform for creating data visualizations through natural language queries, enhancing user experience and decision-making capabilities. |
| Channels | Online platform, social media promotion, Product Hunt community, and partnerships with data analytics firms. |
| Customer Relationships | White-glove onboarding for new users, personalized support for enterprise customers, and community engagement through forums and feedback mechanisms. |
| Revenue Streams | Subscription-based revenue model with tiered pricing depending on features and data sources used. |
| Key Resources | AI algorithms for natural language processing, extensive data source integrations, user-friendly interface, and strong data security measures. |
| Key Activities | Developing and optimizing the platform, integrating new data sources, enhancing user experience, and maintaining customer support and engagement. |
| Key Partners | Database providers, enterprise clients, technology partners, and marketing firms. |
| Cost Structure | Costs associated with R&D, server and data storage, marketing, and customer support operations. |
Challenges Faced
- Market Competition: Basedash operates in a highly competitive space, requiring differentiation in terms of functionality, user experience, and pricing from established business intelligence tools.
- User Education: Many potential users may not fully understand the benefits of AI-driven business intelligence, posing a challenge in fostering adoption and convincing users of its value.
- Data Security Concerns: As data privacy regulations become more stringent, Basedash must ensure compliance and maintain high standards of data security to build trust with users.
Data References
- “Global Business Intelligence Market Report 2023” — MarketsandMarkets: Provides insights on growth trends and estimated market size for business intelligence.
- “Gartner’s Market Guide for Business Intelligence” — A comprehensive analysis of the business intelligence market and future growth forecasts.