I was reading a research report a few years ago on the president’s latest budget. These were the Obama years, and with a Republican congress a continuing resolution was all but assured. What’s most interesting about the report, and what really took me back, is how little it mattered to me. Not that budgets don’t matter (they do!), but that this was the exact same report that everyone in the industry was consuming and then applying to their strategic decision-making process. That’s a problem.
I imagined a world where only I matter, and the armies of analysts out there building reports were writing them just for me. I know, it’s a selfish viewpoint, but I’d be able to make incredibly informed decisions. And of course, informed decisions mean more focused pursuit and winning more dollars. What would such a world look like?
The industry was touting personalization at the time, “look, you can mark your opportunities!” or “customize notification settings”. I wanted more, much more. In my ideal world, I’d like to see reports that are only for me, as if I had a dedicated team of market intelligence professionals at my beck and call. My personal team would develop personal reports, highlighting what matters most to me.
For instance, competitive analysis showing exactly where I’m rubbing noses with a particular competitor or which contracts (and to what degree) they are a competitor. Also, I’d like to understand which lines are business are my battleground and what customers we share and to what degree. The list goes on and on. Is this too much to ask?
Expanding on this new world, I grew fixated with customers. How could I identify new customers and gain access? How can I expand my footprint within an existing customer? I just wasn’t getting the answers with the research that was available at the time. Ideally, when looking into a new customer, I’d like to understand their spending over time, but not just top-line figures. I need to know if they are buying what I’m selling, and how much, and how that’s trending over time. But maybe the most important factor to know is where the customer is buying what I’m selling? It doesn’t do me any good to waste B&P dollars pursuing a new contract only to find out that my customer is buying elsewhere.
This is an entertaining hypothetical, but we all have real research needs. After imagining a world where personal market intelligence is a reality, I just couldn’t shake the bug. It turns out that all this is possible, but it requires building a market intelligence platform from the ground up, based on every company’s past performance. Then, apply an algorithm to build markets consistently across that past performance landscape, and poof, we have it. We invite you to experience the difference for yourself.
There’s a lot of news going around about the coronavirus COVID-19. We’d like to add some clarity, rooted in the numbers (see data appendix), on what the government is doing during this acute phase of the pandemic and its impact on the Federal contracting community.
There's reason to be excited for CIO-SP4. With new tracks and more initial awards than CIO-SP3, spending on CIO-SP4 is anticipated to surpass to CIO-SP3 trends. We've put together an eBook focused entirely on understanding CIO-SP3 trends ahead of CIO-SP4. Lessons learned from CIO-SP3? You are more likely to fail than to succeed. If you’re determined to pursue CIO-SP4, preparation is necessary to position yourself for success.
Federal Compass launched its Opportunity & Market Intelligence platform for government contractors back in 2019. Since then, we've attracted a diverse user-base, focused on a range of industries within the government contracting space. We get a lot of questions about who uses Federal Compass and what features they find most compelling. Here are some quick numbers to show just how diverse our community has become.
The Federal government has become one of the largest incubators for small businesses. A reliable and secure customer that sets aside a portion of the hundreds-of-billions of dollars spent every year to create a safe harbor for start-ups and growing companies. In a universe of thousands of potential customers and contracts, where will you begin?