Name Netid Group Number: Website Link: Tutorial Details Time Spent On Assignment
This document provides a business analysis for a proposed parking application called Find-My-Park. It outlines the vision to redefine the parking industry through innovative technology. An analysis of the New Zealand car park technology industry shows it has low barriers to entry and high rivalry among existing competitors. Potential customers like Auckland Council need effective parking management systems. The product would help drivers find parking and allow cashless payment. Research and development is identified as the most important business process to lead the market with new technology and meet changing customer needs.
Download as DOCX, PDF, TXT or read online on Scribd
0 ratings0% found this document useful (0 votes)
82 views
Name Netid Group Number: Website Link: Tutorial Details Time Spent On Assignment
This document provides a business analysis for a proposed parking application called Find-My-Park. It outlines the vision to redefine the parking industry through innovative technology. An analysis of the New Zealand car park technology industry shows it has low barriers to entry and high rivalry among existing competitors. Potential customers like Auckland Council need effective parking management systems. The product would help drivers find parking and allow cashless payment. Research and development is identified as the most important business process to lead the market with new technology and meet changing customer needs.
Download as DOCX, PDF, TXT or read online on Scribd
You are on page 1/ 11
1
INFOSYS.110 BUSINESS SYSTEMS:
DELIVERABLE 2: BUSINESS SECTION 2014
Name Patrick Fahey NetID pfah260 Group Number: 447 Website Link: http://infosys1102014s1group447.blogspot.co.nz/ Tutorial Details Tutor: Day: Time: Olivia Friay 9am Time Spent on Assignment: 500 hours Word Count: 1577
2
2 FIND-MY-PARK BUSINESS ANALYSIS INTRODUCTION Finding a vacant car park space in a timely manner has been a problem for decades and has continued to increase in severity in recent times. With the population of car owners growing, coupled with the finite nature of parking spaces something needed to be done. The solution is simply a detecting device, placed in every car park, that would notify those currently looking for a park and direct them to vacant car spaces via the use of a mobile application. The solution also offers a cashless, no hassle payment method that will revolutionise the parking industry. 3. BUSINESS SECTION 3.1 Vision To redefine the parking industry by creating the most innovative technology that will ultimatlely benefit society. 3.2 Industry Analysis: New Zealand Car Park Technology Industry Industry: New Zealand Car Park Technology Industry. This industry contains all firms that offer technologies that aim to better the car parking process in all aspects. Force: High/Low: Justification: Buyer power: Low The few firms that operate in this industry and all have very unique and diffrentiated products which doesnt allow customers to easily switch between products. The high cost nature of these products also reduces buying power, for example the installation of only 4000 parking sensors in Palmerston North would have cost the council over $2 million (Tong, 2010).
3
3 Supplier power: Low The components used in this industry are interchangeable and similar components from other suppliers can be used. Due to the unspecific needs of firms, they can easily swap to suppliers which offer the best prices. Threat of new entrants: Low This industry has high barriers to entry, for example Don Sandbrook has spent over $2.5 million in setting up his company over the past two years (Smith, 2011). This high set up cost coupled with the need for a high technological knowledge is likely to deter businesses from enterring this industry. Threat of substitutes: Low There are few substitutes in this industry which dont pose much of a threat, as these products dont satisfy current customer needs such as cashless payments, innovative technology and overall parking management. A recent report showed that 59% of those surveyed believe that innovative parking technologies are having the greatest impact on the parking industry (International Parking Institute, 2013). Rivalry among existing competitors: High There are few potential customers for products in this industry and in order to create the largest customer base and be successful the competitors must have the most innovative products on the market or have the first mover advantage. For example, the Pay by Phone programme in
4
4 Washington, D.C. captured 40% of the citys parking revenue by being the most innovative product (International Parking Institute, 2013). Overall attractiveness of the industry: This industry is quite an attractive industry as most of the forces (4 out of 5) analysed are low which would benefit any firm currently in the industry and would increase the likelyhood of entering it. 3.3 Customers and Thei r Needs Auckland Council is one potential customer who have a general objective of sustainable growth and development, and one of the ways they want to achieve this is by creating a integrated parking strategy. Such a complex startegy involves the need of an effective parking management system which they hope will ultimately decrease congestion and improve development in the CBD (Auckland Regional Council, 2009). Traffic congestion is becoming an increasing concern for regional councils as 3 cities in New Zealand (Auckland, Wellington, Christchurch) are ranked in the top 40 most congested cities, with Auckland being ranked 15 th in the world (Tan, 2013). Private parking providers are also potential customers who want systems and technology that make the parking experience for their customer as easy and hassle free as possible. The International Parking Institute (2013) states that parking associations around the world want parking guidance systems and more innovative technology that will improve the effectiveness of the parking industry.
3.4 The Product and Service The main function of this product is to make everything about parking easier from the finding of car parking to the management of city parking. Councils around the country want to make their respective areas as easy to live in as possible and this product will solve the parking issue that surrounds many cities. According to Shoup (2006), 30% of those in traffic are cruising around to find a vacant park and with the use of Find-My-Park technology this
5
5 will be significantly reduced as drivers will know exactly where available parking spaces are. It also provides the ability to effectively manage on street and off street parking as accurate parking data is available for customers. 3.5 Suppliers and Partners Suppliers are those external businesses who provide us with materials or services that we must pay for to use. For example solar panels are components used in our product which will be supplied by SolarCity and we will use the services of Oracle in order to store our data in their cloud databases. Partners are those outside entities work together in a way that will benefit both entities. For example partnering up with the International Parking Institute will make our own propduct more appealing and we will help the IPI by providing them with valuable research. Advam provide self service card acceptance terminals and by teaming up with them we can use their products to create a more integrated service. 3.6 Strategy: Differentiation The Find-My-Park product will be created using high quality components with the integration of the best IT solutions in order to create the most effective product on the market. This puts the product into a high cost strategy in order to fully satisfy customer needs. The product will aim to satisfy the whole market not just specific areas. The product can be used for all facets of the parking industry from curb side parking to the most complex parking buildings. The overall strategy is therefore Differentiation. 3.7 Value Chain Activity: Research & Development The most important value chain activity for this business is Research & Development. We aim to have the most innovative technology and essentially lead the market in terms of development. With a heavy emphasis on technology development the business can focus its
6
6 resources on providing customers with the most integrated parking solution on the market. Since the product has a differentiation strategy it will focus on the market as a whole and will have a high cost strategy. A broad market focus means the product must fit everybodys wants and due to fast changing needs, research will always have to be conducted to stay ahead of the market. 3.8 Business Processes 3.8.1. SOFTWARE DEVELOPMENT PROCESS Updating software regularly is an essential part of staying ahead of rivals and maintaining a competitive advantage. In order to be the most innovative business in the market the software must continuosly be developed to meet customer needs and to allow the product to perform at its best.
7
7 Decide on updated solution Create the software Implement the software Development Department Document Management System Solution Analysis System Done
3.8.2. PROTOTYPE TESTING PROCESS The prototype testing process is a set of interrelated tasks that ultimately aims to confirm that a product will work as it is supposed to do. The process incorporates both the design team and customers in order to create products that will satisfy the needs of the customer.
8 Done Design initial prototype Start Implement prototype to system Full prototype review Check prototype capabilities Product Analysis System Research Department
9
9 3.9 Functionalities 3.9.1. SOFTWARE DEVELOPMENT PROCESS Receives documents/reports from customers Sorts potential solutions into categories 3.9.2. PROTOTYPE TESTI NG PROCESS Highlights prototype flaws Determines if the product can integrate with related products 3.10 Systems
3.10. 1. DOCUMENT MANAGEMENT SYSTEM - Being able to receive product and software reports from customers is vital in deciding how to develop the current technology. The customers documents can give an insight to what areas are not functioning properly and where improvement can be implemented. Having the knowledge about where to develop can help the business to be much more innovative with their solutions. 3.10. 2. SOLUTI ON ANALYSIS SYSTEM This system is able to sort potential software development solutions into relevant categories and allows the development team to more easily implement the solution. Ultimately a more informed decision can be made about the software development which can lead to greater innovation and customer satisfaction. 3.10. 3. PRODUCT ANALYSIS SYSTEM This system aims to highlight prototype flaws and to make sure all the products can integrate together. Data from previous prototypes will be collected and analysed as a whole in order to generate the most innovative product.
10
10 3.11. Summary Table: Value Chain to Systems
Value Chain Activity Processes Functionalities Specific Information System(s) Broad Information System(s)
Research and Development 1. Software development process 1. Receives documents from customers.
2. Sorts potential solutions into categories. Document management system
Solution analysis system Collaboration System
Decision Support System 2. Prototype testing process 1. Highlights prototype flaws.
2. Determines if the product intergrates with related products.
Product analysis system
Decision Support System
11
11 CONCLUSION Innovative parking technologies are becoming more and more in demand and as this technologies become implemented there will be a greater need to use information systems in order to gain a competitive edge. An integrated parking management solution will get rid of many parking problems we have today and ultimately benefit society. The need for information technology for this product, and even the industry, is crucial as it will enable the systems involved to function effectively.
REFERENCES
1. Tong, G. (2010). FrogParking Reference Site. Palmerston North: Palmerston North City Council.
2. Smith, N. (2011, July 25). Success: Electronic Warden Watches Carparks. The New Zealand Herald.
3. International Parking Institute. (2013). 2013 Emerging Trends in Parking. Washington, D.C.: International Parking Institute.
4. Transportation Alternatives. (2007). No Vacancy: Park Slopes Parking Problem and How to Fix It. Brooklyn: Transportation Alternatives.