Privideo - School of Computing
Transcription
Privideo - School of Computing
MSc in Electronic Commerce PRIVIDEO PRACTICUM REPORT Students: Grace Kenny Catherine Byrne Graham O’Dowd Arthur Cabeli 58448477 58412375 12211993 12212235 Advisors: Prof. Alan Smeaton Dr. Jean Cushen Computing Business August 2013 PriVideo - Group N Acknowledgements Firstly, we would like to sincerely thank our Advisors, Prof. Alan Smeaton of the School of Computing and Dr. Jean Cushen of the Business School. We are extremely grateful for the time, knowledge and perspectives you both shared with us. Without this help, the project would not have advanced to this stage. We are also extremely grateful to all of the DCU Business and Computing School lecturers who gave us advice throughout the course of the practicum, specifically Dr. Eric Clinton, Mr. Jack Nagle and Dr. Cathal Gurrin. We would also like to thank all of the industry professionals we spoke with, from Allianz, Ernst & Young, KPMG, Arthur Cox, Crowley’s Solicitors, the Office of the Data Protection Commissioner and the Irish Patents Office. The feedback we received helped us refine and grow the concept to its current stage. To all MECB lecturers, thank you for doing your part to share some of your knowledge with us, we believe each module played a part in helping us to develop this concept and will continue to help as we complete this year. Finally, we have to thank all of our families and friends. We can’t begin to state how much we appreciate your patience in listening to us discuss privacy at great lengths, your feedback on all of our ideas and your support and understanding, which helped us greatly over the course of the year. Thank you all, Grace, Catherine, Graham & Arthur Table of Contents Acknowledgements .................................................................................................................. 0 Section 1: Executive Summary ............................................................................................... 7 1.1 Introducing PriVideo ....................................................................................................... 8 1.2 PriVideo Solutions ........................................................................................................... 8 1.3 Why the Internet needs PriVideo ..................................................................................... 8 1.4 Why companies need PriVideo ........................................................................................ 8 1.5 PriVideo’s Target Market ................................................................................................ 9 1.6 Business & Revenue Models ........................................................................................... 9 1.7 Competition...................................................................................................................... 9 1.8 Current status of the project ........................................................................................... 10 1.9 Potential of PriVideo...................................................................................................... 10 1.10 Financial Projections for PriVideo............................................................................... 10 Section 2: PriVideo, the Concept .......................................................................................... 11 2.1 PriVideo, the Concept .................................................................................................... 11 2.2 Novelty of PriVideo ....................................................................................................... 11 2.3 Current Problems ........................................................................................................... 12 2.3.1 Extent of Customer Queries .................................................................................... 13 2.4 The Core Product ........................................................................................................... 14 2.5 The Overall PriVideo service......................................................................................... 15 2.6 Product Tiers .................................................................................................................. 16 2.7 Benefits of Product ........................................................................................................ 17 2.8 Motivation for the Product ............................................................................................. 19 2.9 Need for the Education of Users .................................................................................... 19 2.10 Why companies need our product................................................................................ 20 2.11 Potential of the Concept ............................................................................................... 22 Section 3: Video Content ....................................................................................................... 24 3.1 Why Video? ................................................................................................................... 24 3.2 Legal Requirements of our Videos ................................................................................ 24 3.2.1 The legal aspects of the PriVideo service .......................................................... 26 3.3 Video as a source of Learning ....................................................................................... 27 3.4 Video as a source of Entertainment ............................................................................... 27 3.5 Determining Video Length ............................................................................................ 27 1 3.6 Information Recall ......................................................................................................... 28 3.6.1 Example of PriVideo Information Recall in action ................................................ 28 3.7 Icons used by PriVideo .................................................................................................. 28 3.8 Video Development ....................................................................................................... 30 3.9 Brand Incorporation & PriVideo ................................................................................... 30 3.10 Video Summary Table ................................................................................................. 31 Section 4: Primary Research................................................................................................. 32 4.1 Interviews Conducted .................................................................................................... 32 4.2 Questionnaire ................................................................................................................. 33 4.2.1 Questionnaire response tables ................................................................................. 33 4.2.2 Charts based on Questionnaire ................................................................................ 36 4.2.3 Questionnaire Comments ........................................................................................ 39 4.3 Focus Group ................................................................................................................... 41 4.3.1 Structure of the Focus Group .................................................................................. 41 4.3.2 Privacy Concerns of Participants ............................................................................ 42 4.3.3 Participants views on Privacy Policies ................................................................... 43 4.3.4 Focus Group Video Prototype Feedback ................................................................ 43 4.3.5 Focus Group Brand discussion ............................................................................... 44 4.3.6 Video as a source of Information ............................................................................ 45 4.4 Primary Research & PriVideo in the Future .................................................................. 45 4.4.1 Example of Future Research ................................................................................... 46 4.5 The applicability of PriVideo......................................................................................... 46 Section 5: Market & Industry Analysis ............................................................................... 50 5.1 Our Market ..................................................................................................................... 50 5.1.1 Our Target Market .................................................................................................. 50 5.1.2 Target Countries...................................................................................................... 51 5.1.3 Market Opportunity ................................................................................................ 53 5.1.4 Market Trends ......................................................................................................... 53 5.1.5 Targeted Industries.................................................................................................. 54 5.1.6 Distribution ............................................................................................................. 55 5.1.7 Future Market potential........................................................................................... 55 5.1.8 Market Value .......................................................................................................... 56 5.1.9 Targeted Market Share ............................................................................................ 57 2 5.2 Industry & Internal Analysis .......................................................................................... 58 5.2.1 PESTLE Analysis ................................................................................................... 58 5.2.2 Porters 5 forces Analysis ........................................................................................ 62 5.2.3 SWOT Analysis ...................................................................................................... 65 5.3 Competitors .................................................................................................................... 69 5.3.1 Direct Competitors .................................................................................................. 69 5.3.2 Indirect Competitors ............................................................................................... 70 5.3.3 Other Competitors ................................................................................................... 71 5.3.4 Competitors Tables ................................................................................................. 73 5.3.5 Indirect competitors ................................................................................................ 74 Section 6: Our Business Strategy & Business Model .......................................................... 76 6.1 Our Business Strategy .................................................................................................... 76 6.1.1 Our Strategy: Background ...................................................................................... 77 6.1.2 Our Strategy: Differentiation .................................................................................. 78 6.1.2 Product Timeline ..................................................................................................... 79 6.1.3 Possible Exit Strategy ............................................................................................. 79 6.2 Business Model .............................................................................................................. 80 6.2.1 PriVideo Mission Statement ................................................................................... 80 6.2.2 Benefits Highlighted to Customers ......................................................................... 80 6.2.3 Business Model Canvas .......................................................................................... 81 6.3 Revenue Model .............................................................................................................. 88 6.3.1 Product Tiers & Price Bands................................................................................... 88 6.3.2 Challenges with this revenue model ....................................................................... 91 6.3.3 Revenue Sources for Year One ............................................................................... 91 6.4 PriVideo’s Target Customers ......................................................................................... 93 6.4.1 Who are our customers?.......................................................................................... 93 6.4.2 What can we offer our Customers? ......................................................................... 93 6.4.3 Our Industries.......................................................................................................... 94 6.4.4 Future Targeting of Customers ............................................................................... 98 6.5 Risk Assessment .......................................................................................................... 100 6.5.1 Technological Risks .............................................................................................. 100 6.5.2 Legal Risks: .......................................................................................................... 101 6.5.3 Internal Risks ........................................................................................................ 102 3 6.5.4 Market Risks: ........................................................................................................ 103 Section 7: Our Marketing Strategy .................................................................................... 104 7.1 Branding ....................................................................................................................... 104 7.1.1 Brand Logo ........................................................................................................... 105 7.1.2 The significance of our Brand............................................................................... 105 7.1.3 Brand Equity ......................................................................................................... 106 7.2 SEO & Web Design ..................................................................................................... 107 7.2.1 Why SEO? ............................................................................................................ 107 7.2.2 New Age SEO ....................................................................................................... 107 7.2.3 Traditional SEO .................................................................................................... 108 7.3 Blogging & Public Relations ....................................................................................... 109 7.3.1 Benefits of Blogging for PriVideo ........................................................................ 109 7.3.2 Blog Approach ...................................................................................................... 110 7.3.3 Blog Engagement .................................................................................................. 110 7.3.4 Blog Promotion ..................................................................................................... 110 7.4 Pay-Per-Click Advertising ........................................................................................... 111 7.4.1 PPC Aims & Approach ......................................................................................... 111 7.4.2 Creating Brand Awareness using PPC .................................................................. 111 7.4.3 Generating Leads using PPC ................................................................................ 112 7.4.4 PPC Metrics .......................................................................................................... 112 7.5 Social Media Presence ................................................................................................. 113 7.5.1 Why will PriVideo utilise social media? .............................................................. 113 7.5.2 How will we engage in social media?................................................................... 113 7.5.3 Linking our Social Media Efforts ......................................................................... 115 7.6 Trade Shows................................................................................................................. 115 7.6.1 Developing Positive Brand Associations .............................................................. 115 7.6.2 Why Trade Shows? ............................................................................................... 115 7.6.3 Objectives for Trade Shows .................................................................................. 116 7.6.4 Sample Trade Shows............................................................................................. 116 7.6.5 Future Presence at Trade Shows ........................................................................... 117 7.6.6 Trade Show Requirements .................................................................................... 117 7.6.7. Trade Show Preparation ....................................................................................... 117 Section 8: The PriVideo Team & Company ...................................................................... 119 4 8.1 The PriVideo Team ...................................................................................................... 119 8.1.1 The PriVideo Team ............................................................................................... 119 8.1.2 Collaboration among the team to date .................................................................. 122 8.1.2 Strengths and Weaknesses of the PriVideo Team ................................................ 123 8.1.3 Training ................................................................................................................. 125 8.2 IP, Trademark and Copyright ...................................................................................... 127 8.2.1 Protecting our Concept to date .............................................................................. 127 8.2.2 Protecting our concept Going Forward ................................................................. 128 8.3 Setting up PriVideo as an Operational Service ............................................................ 128 8.3.1 Partnership Agreement.......................................................................................... 128 8.3.2 Becoming a Private Limited Company ................................................................. 129 8.3.2 E- Commerce Act 2000 Table .............................................................................. 132 8.4 Operations & Employee Plans ..................................................................................... 133 8.4.1 Preparing for Market Launch ................................................................................ 133 8.4.2 Years 2 & 3 ........................................................................................................... 134 8.4.3 Employment Forecast ........................................................................................... 134 Section 9: Sales Projections ................................................................................................. 136 9.1 Sales Plan ..................................................................................................................... 136 9.1.1 How will we generate sales? ................................................................................. 136 9.1.2 Who will sell? ....................................................................................................... 136 9.1.2 Timeframe for Contacting Customers .................................................................. 138 Contact Timeframe ............................................................................................................ 138 9.2 Industry Contact Tables ............................................................................................... 139 9.2.1 Financial and Insurance Industry .......................................................................... 139 9.2.2 Telecommunications ............................................................................................. 139 9.2.3 Online Retail ......................................................................................................... 139 9.2.4 ICT ........................................................................................................................ 140 9.3 Projected Sales ............................................................................................................. 140 9.3.1 Financial and Insurance Industry Sales................................................................. 140 9.3.2 Telecommunications Sales.................................................................................... 140 9.3.3 Online Retail Sales ................................................................................................ 141 9.3.4 ICT Sales ............................................................................................................... 141 9.4 Contacting Firms in the Future .................................................................................... 141 5 9.4.1 Future Projected Sales........................................................................................... 142 9.4.2 Year Two Projected Sales ..................................................................................... 142 9.4.3 Year Three Projected Sales ................................................................................... 142 Section 10: Financial Projections ....................................................................................... 143 10.1: Financial Implications of our Business Strategy ...................................................... 143 10.1.1 Key Costs of the Project ..................................................................................... 144 10.1.2 Cost of Sales ....................................................................................................... 145 10.1.3 Running Costs ..................................................................................................... 145 10.1.4 General Administration and Marketing .............................................................. 146 10.2 PriVideo Required Funding ....................................................................................... 147 10.3 Projected Sales and Profit and Loss Account ............................................................ 149 10.3.1 Year One ............................................................................................................. 150 10.3.2 Year Two ............................................................................................................ 150 10.3.3 Year Three: ......................................................................................................... 151 10.4 Cash Flow .................................................................................................................. 152 10.5 Balance Sheet ............................................................................................................. 152 10.5.1 Projected Three year Sales: ................................................................................. 153 10.5.2 Projected Three year Profits: .............................................................................. 154 10.5.3 Projected Sales and Profits.................................................................................. 154 10.6 Breakeven Analysis ................................................................................................... 155 10.7 Exit Strategy............................................................................................................... 155 10.8 Profit and Loss Account............................................................................................. 156 10.9 Three year Cash Flow Account.................................................................................. 157 10.10 Three year balance sheet .......................................................................................... 158 Section 11: The Technical Side of PriVideo ...................................................................... 159 11.1 Section Overview ....................................................................................................... 159 11.2 Technical Deliverables, Animated Videos ................................................................ 160 11.2.1 The Process ......................................................................................................... 160 11.2.1 Learning the Software ......................................................................................... 161 11.3 Technical Deliverables, the PriVideo Website .......................................................... 165 11.3.1 Website Goals ..................................................................................................... 165 11.3.2 Content ................................................................................................................ 165 11.3.4 Functionalities ..................................................................................................... 166 6 11.3.5 Design ................................................................................................................. 167 11.3.6 Future design Challenges .................................................................................... 169 11.3.7 SEO considerations ............................................................................................. 169 11.3.8 Technical Elements of the PriVideo Website ..................................................... 173 11.4 Technical Requirements for PriVideo ........................................................................ 174 11.4.1 Overview ............................................................................................................. 174 11.4.2 Automated Video Generation ............................................................................. 179 11.4.3 Video production................................................................................................. 183 11.4.5 Video Storage and Delivery ................................................................................ 188 11.4.6 Initial Set-up........................................................................................................ 190 11.4.7 Architecture, Accounts and Payment .................................................................. 196 11.5 Technical Challenges ................................................................................................. 197 11.5.1 Implementation of human voice over ................................................................. 197 11.5.2 Viewership monitoring ....................................................................................... 198 11.5.3 Resolution and rendering time ............................................................................ 199 Bibliography ......................................................................................................................... 200 Appendix A: Interviews ......................................................................................................... 207 Appendix B: Year One Sales Plan ......................................................................................... 222 Appendix C: Questionnaire................................................................................................... 236 Appendix D: Focus Group Moderator Guide ....................................................................... 240 Appendix E: Focus Group Consent Form .............................................................................. 245 Appendix F: Focus group video feedback sheet .................................................................... 246 Appendix G: Data Gathering, Tracking and usage methods Info-graphic ............................ 248 Appendix H: Year Two and Three Sales Plan ....................................................................... 249 Appendix I: PriVideo Facebook ............................................................................................ 251 Appendix J: Practicum Facebook Group ............................................................................... 252 Appendix K: Example Decision and information Sheets ...................................................... 253 Appendix L: Example Weekly Plans ..................................................................................... 254 Appendix M: PriVideo Non-Disclosure Agreement............................................................. 256 Appendix N: Partnership Agreement ..................................................................................... 258 Appendix O: Monthly Profit and Loss Account .................................................................... 261 Appendix P: Stupeflix API Sample Code .............................................................................. 262 7 Section 1: Executive Summary 1.1 Introducing PriVideo PriVideo Limited is a Dublin based start-up, offering privacy solutions to businesses across Ireland. PriVideo’s core mission is to revolutionise how companies communicate with their customers, regarding privacy and data protection issues. 1.2 PriVideo Solutions At PriVideo, we specialise in privacy and video. Our core offering is a customised, animated video, which represents a company’s privacy policy. These videos allow companies to comply with EU data protection legislation and educate their customers on all elements of the written privacy policy. In addition to the videos, we offer a number of services to meet the privacy needs of our small and large customers. These services include; referrals to privacy solicitors and consultants, access to generic written privacy policies, Data protection training videos for employees and consultation and training sessions. 1.3 Why the Internet needs PriVideo Internet users are becoming increasingly concerned about the privacy of their information online, with 80% of our questionnaire respondents stating that they have some privacy concerns. According to our secondary and primary research, this current lack of knowledge causes Internet users’ to, abstain from using some websites, request their information from either the company or the Data Protection Commissioner and opt-out of marketing. While the privacy policy can educate users, the document length, legal jargon and difficult language deters users from reading it and fails to effectively educate those that do read it. These problems can be overcome, by utilising PriVideo animations to educate a company’s users. 1.4 Why companies need PriVideo There many reasons why companies should utilise the PriVideo service. First and foremost, PriVideo enables companies to comply with current EU data protection legislation. The use of animated videos allows the company to communicate with their customers using clarity and transparency, with regard to privacy and data protection issues. This education of users, can strengthen the company’s relationship with their customers, foster trust, improve the brand image and reduce the number of queries they receive on these issues. 8 1.5 PriVideo’s Target Market As the majority of companies operating online have a privacy policy available on their website, PriVideo’s potential market is exponentially large. PriVideo will initially target four industries in Ireland, which have been chosen due to the role of data in each industry, our contacts in these industries and the large number of potential customers in each industry. Telecommunications Contacts with major companies due to our relationship with a privacy consultant 20,000 employees in Ireland Turnover of €4billion per annum ICT 5,400 companies in Ireland Online Retail 87% of retail companies have an online presence Insurance Over 5,200 companies in Ireland, 93,000 employees 9 of the 10 largest global companies have an Irish presence Many of these companies are reliant on UGC and thus want to foster trust Broad industry with companies selling anything from books to car parts Turnover expected to reach to €21 billion by 2017 Accounted for 13.2% of total turnover in Ireland in 2012 Two members of the PriVideo team have Insurance experience and contacts Figure 1: Targeted Industries 1.6 Business & Revenue Models PriVideo will be aimed at both SMEs and large global players in each industry. We will target SMEs with our low cost Tier One offering, which ensures compliance. Tier one videos can be generated in a number of minutes, using the Video Builder interface on the PriVideo website. This video generation tool utilises pre-made animated video clips and is customised based, both on the customer’s selection of information they want to include and the entering of the company name and logo. We will target larger customers with our customised offers, which can include collaborating with their branding department to create a unique video from scratch. This approach ensures that the needs of companies of all sizes and budgets can be met. Our mutually beneficial relationships with privacy solicitors and consultants will allow us to access their clients and to refer our customers to them for services such as drafting of a new privacy policy and developing a privacy strategy. Due to these relationships and our own contacts, there are numerous potential customers PriVideo can reach within these industries. 1.7 Competition There are currently no companies offering a service which converts a company’s privacy policy into an animated video. Additionally, at present there are also no companies providing a privacy communication solution, which is what PriVideo is. There are however, a number 9 of global companies offering a range of privacy related products and services on both B2B and B2C levels. This market could be very lucrative for PriVideo, with companies worldwide spending over $6 billion on information security solutions (Orr 2011). PriVideo will differentiate from competitors in a number of ways including; being the only company offering a video representation of privacy policies, developing a network of industry experts and continually introducing new ways to educate customers and employees on various topics. 1.8 Current status of the project The PriVideo concept was born in March 2013 and has been developed over the past four months. At present, the PriVideo interface and library of pre-made clips are being developed, before the official product launch in January 2014. 1.9 Potential of PriVideo PriVideo has great potential to enter new industries where data and information play a pivotal role. Given the global relevance of privacy, we can also potentially launch our service in any country worldwide. Our expansion plan will start with the UK in Year Two, before moving to France and other European countries where companies are required to comply with the same legislation. There is also great potential to develop the offering itself. We plan to expand into offering more detailed videos, videos representing a company’s terms & conditions and videos to represent terms of use for mobile applications. As compliance is core to our offering, the imminent stringent changes to EU Data protection legislation will require companies to be more transparent with users and will thus, create more opportunities for PriVideo. 1.10 Financial Projections for PriVideo The financial projections for PriVideo, while cautious are extremely positive. Our projected customer numbers, sales and profit/loss for the first three years are illustrated below. Year 1 Year 2 Year 3 Customers # 67 1,615 €105,000 Sales Revenue €117,948 €985,846 €2,146,875 Profit/Loss -€86,974.12 €387,646.05 €1,055,667.94 Figure 2: Financial Projections for PriVideo 10 Section 2: PriVideo, the Concept 2.1 PriVideo, the Concept PriVideo converts a company’s privacy policy into a short, animated video The PriVideo service offers companies an innovative, transparent way to communicate with their customers, regarding privacy and data protection. Due to Internet users’ increasing concerns regarding the privacy of their information online, many companies are beginning to pay more attention to the area of privacy. While there are some companies in the market offering privacy solutions, the majority of these are aimed at the Internet users themselves. Furthermore, none of these companies use icons or video to represent a company’s privacy policy or focus on improving communications with users, which is the core focus of PriVideo. PriVideo on the other hand, is aimed at companies and strives to help them communicate their compliance with data protection regulation and their respect for customers’ privacy. PriVideo makes transparent communication between companies and their customers a reality, which benefits both parties. PriVideo is a B2B service, which will be aimed at the majority of companies operating in the online space. The service essentially involves taking the company’s privacy policy and converting it into a short, entertaining, animated video. This video can then be placed on the company’s website to encourage customers to watch the video prior to signing up for a service or buying a product online. The core aim of PriVideo is to overcome the communication gap between companies and their customers regarding the privacy of their information. Making this information available in a condensed, easy to understand format enables customers to become more informed about the companies they use. Implementing PriVideo versions of their privacy statements allows companies to reap the benefits associated with transparency. 2.2 Novelty of PriVideo The PriVideo concept is extremely unique when compared to other privacy solutions, as no other company currently offers a service to convert a company’s privacy statement into video format. Furthermore, no company has a video version of their privacy policy available on their website, which they have internally developed. Despite the fact, that no company has yet made the move to convert their privacy policy into video format, we believe that in the 11 future companies will use video as a means to educate their users on issues such as this. This assumption has been backed up by a number of interviews we have held and our focus group with Internet users. Furthermore, legislation in Europe and America is becoming more stringent and requiring companies to be more transparent in how they communicate their privacy policy to their customers. PriVideo is extremely timely as it combines a number of current trends to produce a unique privacy communication offering as outlined below. Trend Explanation PriVideo Attributes Increase in Internet users’ privacy concerns 88-89% of people are concerned about their online privacy (Truste 2013) 80% of our questionnaire respondents expressed some privacy concerns The majority of companies now have their privacy statement on their website Aims to educate users in order to improve their understanding and awareness Companies making efforts to be more transparent Growth of video Used widely to communicate messages and educate New Proposed EU Data Will require companies to be Regulation more transparent at explicit about how they use customers information FTC Recommendations Recommended that industries come together to have simplified, coherent privacy statements and to use icons to increase understanding Remove communication gap with customers through clear illustration of the privacy policy Converts privacy policy into animated videos to take advantage of video as a communication medium PriVideo animations clearly and explicitly outline the company’s privacy policy PriVideo is ahead of industries in that it works to simplify privacy policies in a consistent, highly visual animation Figure 3: Trends relevant to PriVideo 2.3 Current Problems There are a number of problems, which stem from the issue of digital privacy and customers’ lack of knowledge or understanding. As mentioned above, Internet users around the world are becomingly increasingly concerned about their privacy online. Furthermore, citizens want to become more informed about their rights online. In Ireland for example, queries from the public regarding data protection issues have increased year on year and reached 9,500 last 12 year (DPC 2012). The root of these privacy concerns is largely attributable to the lack of knowledge customers have, which is due to a miscommunication between companies and their customers. There are many potential outcomes from this lack of knowledge ranging from customers not fully immersing themselves in the online world to customers completely abstaining from using particular services or websites. According to the European Commission (2011), 85% of Irish citizens have altered their online behaviour due to concerns about the privacy of their information. Through our extensive primary and secondary research (See Pg. 32), we have ascertained the core, correlated problems companies face as a result of online privacy concerns. These are as follows: 1. Customers are not aware of the extent of the information companies collect about them and what they use if for 2. Companies are not aware that there is a miscommunication between them and their customers 3. Customers are often surprised when they realise the quantity and variety of data collected about them This surprise leads customers to query or complain to the company, or to the Data Protection Commissioner. These queries and complaints can result in large costs for companies such as costs associated with answering calls in a call centre and ligation costs associated with dealing with complaints made by customers. According to Cisco (2012), the average cost of a call in a call centre is $5.05. Therefore, using the PriVideo service could reduce these costs. 2.3.1 Extent of Customer Queries When meeting with Allianz Ireland’s Compliance Manager Susann Radach see Appendix A, (Pg. 216), we discussed the current problems around privacy and educating customers. Susann said that a lot of time is spent answering customer queries about their data. To illustrate this she talked through the process of answering a data protection query as outlined below. This example highlights that customers are not educated about these issues. 13 Customer not informed about their rights and Allianz practices Customer rings Underwriter to query or complain Underwriter contacts compliance department Compliance replies to Underwriter with an explanation of customer's rights Underwriter contacts customer Customer either A. continues with access request or compliant or B. doesn't respond Figure 4: Allianz process of answering a data query A lot of time is spent dealing with customer data queries. I find that most of the time, customers just aren’t informed. For example, customers think they can get all data we have about them when they are only entitled to the personal information we store. Once they are informed of this and the charge of €6.35 for receiving this information¸ I’d say over 40% never get back to us. A product which could reduce the time spent on queries resulting from lack of knowledge would be extremely useful and cost saving. Susann Radach, Allianz Ireland 2.4 The Core Product At the core of our service offering is the short animated video, which can be developed using pre-made blocks of video and automatic voiceover. Videos call also be created using varying 14 degrees of customisation, as discussed below under product Tiers. Our videos are animated with icons developed and sketched by our team. Customised videos can be developed as a collaborative effort between ourselves and the customer. Alternatively, our automated service will allow smaller customers to sign on to our website and create a video in a number of steps as illustrated below. This process is explained in detail in our technical section, see Pg. 179. Customer signs up to PriVideo Selects relevant clips in each section of a privacy policy Inserts company name and uploads logo Customer pays and receives video Figure 5: Customer Process 2.5 The Overall PriVideo service In addition to the animated video, there are a number of other services we may offer including: 1. Providing customers with generic industry specific privacy policies which have been reviewed by our solicitor associates 2. Referring customers to specialist solicitors to develop their written privacy policy 3. Referring customers to a specialist consultant who can help the company shape their privacy strategy 4. Providing customers with monthly reports with metrics on users viewing the video etc. 5. Including a customised voiceover on the video 6. Holding a storyboard session with branding department to review the privacy policy and develop the video as collaborative effort 7. Creating custom characters for the video 15 8. Designing a unique video format to address company issues or further personalise the video 9. Offering service support on privacy and technical video issues via email or phone 10. Providing a complementary animated video to train employees on data protection issues 11. Offering a training session with employees or the Data Protection Officer (DPO) 12. Referring the customer to other contacts or offering general advice on broader issues such as software to encrypt data for example 2.6 Product Tiers The service offering can be divided into Tiers, which vary depending on the level of customisation and consultation provided by the PriVideo team. The animated videos are highly customisable depending on the legal requirements of each industry and the desires of each company. The Tiers are briefly outlined below and discussed further in our revenue model, see Pg. 88. 16 Service Offering Tier 1 Tier 2 Tier 4 Tier 5 Automatic Voiceover Video produced immediately Input of company logo Manual voiceover Privacy policy manually processed by PriVideo Referral to Privacy solicitor or consultant Custom characters created Unique video format Complementary training video for employees Service support Figure 6: PriVideo Product Tiers 2.7 Benefits of Product There are many benefits to be attained from using the PriVideo service. All of these benefits have been developed in line with our aims as a company and are based on our research into current problems companies have, what companies want and what their customers want. Furthermore, all benefits have been backed up by our primary research, see Pg. 32. The benefits associated with Tier One, the basic PriVideo offering are cost and time savings. As 17 our customers avail of more of our service offerings, they can realise more benefits. The benefits can be divided into three sections which are as follows: 1. Monetary Savings derived from educating customers 2. Benefits related to the relationship with the customer 3. Information source for companies If we look at the issues outlined above in Section 2.3, these issues would be alleviated by PriVideo in the following ways: Customers would be more informed about what data the company collects and how they use it. This would reduce the number queries to the DPC and the company and the costs associated with answering these queries. We believe that, the majority of companies aren’t taking advantage of the Internet as a medium to communicate the trust message to customers. The education that PriVideo animations can deliver to customers can lead to many benefits in terms of a company’s relationship with their customers. The benefits found in our primary research include: Transparency: Using an animated video shows that the company is open about how they comply with legislation and proactive in terms of how they communicate this compliance Strengthened brand image Trust: Transparency can in turn increase a They show companies want to communicate with customers and educate them that they are open Questionnaire respondent customer’s trust in the company Purchasing: As these videos become more commonplace and customers are more empowered, companies using these videos will be able to attract new customers. In addition to these benefits, the videos can also act as an information source for companies. Adding metrics to the videos and providing companies with reports will act as a repeated justification for using the service. Metrics could also provide the company with evidence that customers have viewed the video, which would be useful in dealing with complaints. The videos can also be used in an effort to increase the number of customers opting in to marketing, by educating them properly. According to Milne & Rohm (2000), customers are 18 less likely to opt-out of marketing activities if they are educated on how and what data is collected. There are also the compliance benefits to consider, such as the fact that these videos are fully compliant with EU data protection legislation. 2.8 Motivation for the Product There are a number of factors, which led to our development of this concept. First and foremost, over the past year or so, we’ve all developed an individual interest in the issues surrounding digital privacy. As a group of individuals, we’re all interested in different aspects of online privacy such as, the impact of legislation on companies and users alike. As a group however, our main interest relates to developing a solution, which can effectively educate users around the world about their privacy. We want to aid companies in being transparent, which can enable them to realise many benefits. Educating users on privacy practices of firms, we believe will increase their self-efficacy when operating online and empower them to decide what services they wish to use. 2.9 Need for the Education of Users In addition to the gap in the market, we strongly believe that there is a great need for the kind of solution we aim to provide. With the growing prevalence of the Internet comes growing concerns regarding the privacy of users’ information. In Ireland for example, 88% of citizens view the protection of personal information as very important (DPC 2013). According to Truste (2013), 89% of American adults and 88% of British adults are concerned about their privacy. These figures show that the online privacy is a global issue affecting Internet users and companies around the world. Companies are collecting more and more information on their users and have a responsibility to conform to the necessary legislation as well as communicating their compliance with their customers in the form of privacy statements. It’s important to ascertain whether or not Internet users do read privacy policies. A recent survey found that 58% of users attempt to read privacy policies, a mere 34% of whom understand them (European Commission 2011). Furthermore, an average of 70% of users that read privacy policies alter their online behaviour afterwards (European Commission 2011). However, there are a number of challenges for increasing the number of users reading and understanding these policies. The main three challenges according to participants in our focus group and our questionnaire respondents are: 1. The legal and technical language used in privacy statements is difficult to understand 19 2. Privacy statements are extremely long 3. The language used is complicated and boring There have been many calls by both the EU and the FTC in America to make privacy statements easier to understand and more transparent. Some companies are making efforts to do so by shortening their privacy statements. PriVideo goes one step further and uses the medium of video to communicate with users. The majority of companies operating online are required by European law to include a privacy statement on their website. These requirements will become more stringent with the introduction of the proposed amendments to EU data protection regulation. Some companies are being proactive to meet and exceed the current requirements of EU Data Protection Regulation. These are the companies we will are targeting either directly or through our relationships with privacy consultants, as outlined in our extensive sales plan see Appendix B, (Pg. 222). 2.10 Why companies need our product In addition to complying with the current law, there are a number of possible reasons as to why customers may use our service which include: 1. The company wants to be proactive in terms of how they communicate with customers about the privacy of their information. Many companies are beginning to be more forthcoming in communicating their privacy compliance. 2. The company had a recent data breach. Data breaches across industries in Ireland are increasing with 1,592 data breaches reported to the DPC in 2012, an increase of over 400 from the previous year (DPC 2012). In this case, the company may want to repair the damage their brand suffered following the breach. Communicating their efforts to protect their customers’ privacy in a transparent way may aid in this process. PriVideo animations could be customised to explicitly state the improvements the company has made. 20 In the past few months, I’ve worked with at least 2 companies who wanted to go beyond the legal requirements associated with data protection. Both companies did this to foster trust with their customers John Boyd, 3. The company wants to develop trust and strengthen brand image. Companies are increasingly using the Internet as a means of strengthening their relationship with customers and communicating marketing messages. However, very few companies are using this platform to communicate the trust message with regards to customers’ personal information. PriVideo is a solution, which allows companies to communicate this message effectively. Our focus group and questionnaire results showed that customers are likely to trust companies more when they use videos like PriVideo animations. 4. Companies are preparing for the imminent amendments to European data protection legislation. Through our extensive secondary research and numerous interviews with privacy law specialists, we ascertained that companies will need to be far more transparent in the near future about data protection issues. Smaller companies will also have the same legal responsibilities as MNCs. PriVideo prepares companies and enables them to future proof their business against theses increasingly stringent legal requirements. 5. Companies want to increase the number of customers opting in to marketing activities. The participants in our focus group expressed their desire to become more informed online. However, one interesting finding was that becoming more informed wouldn’t deter users, it would empower them and the majority said they may sign up for more services if they knew exactly what information was collected. Many participants said they tend to opt out due to Companies will be looking to increase the numbers of customers opting in to direct marketing. If you can help them do that you can bet they’ll be extremely interested in the product. Susann Radach, Allianz Ireland their lack of understanding. Companies are currently making efforts to increase the number of customers opting in to marketing. 6. Saving Money: There are also monetary savings to be made from using this service. At the most basic level of the service customers get a quick video, which saves them the time and costs associated with developing their own. Cost savings associated with better informed, loyal customers can also be gained. 21 2.11 Potential of the Concept As mentioned above, our product is applicable across a number of industries. We have chosen four industries to initially target, but believe the product has great potential to move both into other industries and other countries. It is also important to consider the potential of developing the product itself and branching The concept is excellent. Customer communication and ensuring transparency and “understandability” of privacy policies is a key problem facing organisations. Daragh O’Brien Castlebridge Associates into different areas. We believe the concept could be adapted to produce staff training videos, company information videos, company compliance training, terms and conditions and other videos. Additionally, we could expand to offer a recommendations service and partner with many different consultants, advisors and legal solicitors to offer a one stop privacy service. There are many possibilities which we could exploit to expand and grow the current PriVideo concept. We have considered a number of potential solutions that we could branch into, as detailed in the table below. 22 Solution Problem it could How it could solve work Other Videos for customers ex. video version of Terms & Conditions Improve users knowledge of T&Cs involved in using a service or buying a product Generate a similar video to our privacy policy videos. Could be automated based on a database of animated clips Videos aimed at employees to educate them on their employer’s surveillance of them in the workplace Detailed video on one element of a privacy policy ex.how information is collected Companies in Ireland have a responsibility to educate their employees on how they monitor their online activities B2C Offerings This could include a web service for Internet users to enter what information they share on different websites or their privacy settings and generate a video based on their selection Applications are becoming more popular but many users are unaware of how they collect data Some industries which are dependent on UGC need users to understand in detail all elements of terms of use and privacy When employees use the company Intranet for training on these policies, they watch the video as opposed to reading a long document Could be available on the website for customers and employees and could address company specific information collection methods for example Would allow internet users to find out information for themselves in an understanding format from a neutral source Short videos explaining the terms of use for a mobile application Gamifying elements of a privacy policy This would give companies the opportunity to communicate detailed messages with customers Short video when an app is downloaded before giving the app permission Could be industry specific or an educational tool to educate younger users in an immersive environment Figure 7: Potential of the Product 23 Source of idea Challenges The team envisioned this as a possible expansion plan when the initial idea was conceived. Susann Radach of Allianz also suggested this idea Telephone Interview with Lucy of Crowley solicitors Meeting with Susann Radach of Allianz Level of customisatio n required would result in pressure when trying to scale Group meeting Mentioned in focus group with Internet users Revenue Model Group idea and confirmed as potentially viable with Daragh of Castlebridge Second meeting with Daragh O’Brien Size and length of video Legal proofing of video content Develop ing new database of clips More suitable for large companies Suitability for older Internet users Section 3: Video Content As video is central to our offering, it was important to conduct adequate research into video as a means of communicating and educating users. We also needed to ascertain what each video would contain and answer questions on issues such as, video length and structure. 3.1 Why Video? Video appealed to us at PriVideo, predominately due to the fact that, video is a fast growing form of communication. According to e-Marketer (2012), online video viewers accounted for 84% of internet users in 2011. We believe that video can provide a viable platform to communicate a privacy policy in an understanding way. Video will continue to grow with consumer Internet video traffic accounting for 69% of all Internet traffic by 2017 (Cisco 2012). Video in itself is a very powerful mechanism that allows the creator to convey a message, whilst improving the customer’s understanding. Our focus group discussion found that, all participants would prefer to watch a video than read a privacy policy. Furthermore, in our survey, 88% of respondents stated that they would prefer to watch a video of a company’s privacy policy, with 0% stating that they would refer to read the privacy policy document. 3.2 Legal Requirements of our Videos Due to the legal nature of privacy policies, it was important for us to ascertain what a company is legally required to include in a video representation of their privacy policy. All websites collecting personal data via forms, cookies or covertly collecting data like IP addresses, must have a privacy statement on their website (DPC 2013). PriVideo’s animated privacy policies will include all core elements highlighted by the Data Protection Commissioner (DPC 2013) for mandatory inclusion in a privacy policy, which are as follows: 1. Identity: The name of the organisation and contact details must be included in the video. 2. Purpose: In order to lawfully process data, all purposes for data collection must be referred to in the privacy statement / video. 3. Disclosure: Sharing of data with a third party other than an agent must be mentioned in the Privacy statement / video, unless required by law. 4. Right of Access: The video / statement must detail that a request for access in writing will be processed in 40 days and that the company can’t charge over €6.35. If email requests are accepted, the policy must state this. 24 5. Right of rectification or erasure: The video / statement may also refer to the fact that a person has a right to have his/her personal data corrected, if inaccurate, or erased, if there is no legitimate reason for retaining the data. The company cannot charge for complying with such a request and must comply within 40 calendar days. 6. Extent of data being processed: If different data is used for different purposes, this should be clearly referred to in the Privacy Statement / video. This is even more important in relation to the covert processing of data, such as the collection of IP addresses, use of cookies or web beacons. 7. Cookies: The video / statement should also refer to how and what data the company collects using cookies There are a number of other elements recommended by the DPC that are not required under European Law. PriVideo animations will have the capability to include all of these recommended areas depending on what areas the company discusses in their privacy policy. These additional recommendations are as follows: • Security: A company needs adequate security measures, it is however not mandatory to mention them. However, the company can state they have necessary physical and technical measures to protect data without giving too much information away. • Accurate, complete and up-to-date: A company may also make reference to the fact that they to hold only accurate, complete and up-to-date data. • Adequate, relevant, not excessive: Additionally, a company can state that they don’t hold data longer than required and may refer to fact that all data which is no longer necessary is deleted or reviewed. • Retention: Data shouldn’t be held for longer than required, the company may have a policy for deleting financial information or details about the different times different data is held for. • Complaint resolution mechanism: A company can refer to their means of dealing with complaints received about data processing. 25 3.2.1 The legal aspects of the PriVideo service As mentioned above, the video content must comply with EU data protection legislation. Given the legal nature of our concept, it’s important to understand the legalities and other roles involved in all aspects of our offering, as outlined in the table below. Elements of Service Legal & Other considerations Provide company with a generic industry specific privacy policies Have generic privacy policies proofed by privacy solicitor Help company create their own privacy policy Refer to specialist privacy solicitor / consultant Help company shape privacy strategy Refer to specialist privacy consultant Metric on Video viewership Provided if video hosted on YouTube account of company & Access granted to PriVideo Custom Voiceover Manually recorded with Voice Actors Storyboard Session Refer privacy consultant to discuss and create in compliance with company’s branding team Custom Characters Consultation with head of design Video designed to address company issue or deliver message Consultation with head of design and privacy consultant / solicitor were necessary Service Support PriVideo team first port of contact Training Video Consultation with head of design and privacy consultant / solicitor Training session with employees or DPO Refer to specialist privacy solicitor / consultant Advice on software or encryption issues Consultation with technical lead and privacy consultant / solicitor where necessary Figure 8: Legalities to consider 26 3.3 Video as a source of Learning Visuals play a large part in a person’s learning. When we read, our minds convert the words we read into visuals. In order to successfully remember these words, we encode these visual words with emotion (Pannunzio 2012). By providing information in the form of a visual such as in video format, our minds circumvent the word-image translation process and can make more connections with these images. According to Dr. James McQuivey (2013), one minute of video can equate to 1.8 million words. In relation to PriVideo, a single frame could therefore, deliver the same amount of information as pages and pages of text. A number of learning professionals have stated that video is a vivid and entertaining way to stimulate a learner’s interest and keep the viewer engaged, whilst communicating the intended message (Pappas 2013). 3.4 Video as a source of Entertainment In a bid to keep viewers entertained while educating them on privacy policies, we decided to create animated videos. The inclusion of a voiceover or narrator will enable the viewer to learn through both audio and visual stimulation (Mayer and Anderson 1992). An important characteristic of informative animated videos is the temporal contiguity between animation and narration. The contiguity between words and pictures throughout the video can encourage the viewer to build connections between the verbal and visual representations of the information given, which in turn helps to support problem-solving (Mayer and Anderson 1992). In our opinion, this serves as evidence that the concept can educate users and introduce some enjoyment to this learning 3.5 Determining Video Length Once we understood the elements that needed to be incorporated into a video version of a privacy policy, we had to ascertain the appropriate length of our videos. To ensure that viewers learn from our videos, we sought to determine what time users stop watching videos at. The average length of video on YouTube is 3 minutes and 53 seconds (Journalism.org 2012). Additionally, through our focus group we determined that the majority of the group would watch a 3-5 minute video, with the participants stating that they wouldn’t watch a video which lasted over 10 minutes. It’s interesting to note that the most viewed YouTube clips are 4 minutes 11 seconds or below in length (Waterhouse 2012). By combining these facts with the feedback from our focus group, questionnaire and industry professionals, we set a maximum of 3 minutes for our videos. Our current prototype is 2.05 minutes in length. 27 3.6 Information Recall Information recall is also more substantial through the medium of video rather than text. A number of studies have shown that participant recall is higher after watching videos, for example a television advertisement has a higher recall rate than reading a magazine advertisement (Farrelly et al. 2007). Additionally the Journal of Broadcasting and Electronic Media (2004) state that, audio is an imperative video metric and the correlation between image and audio is essential in ensuring that video is the best mechanism for knowledge and recall. The audio correlation was considered and made an essential design aspect of any videos created by PriVideo to date. 3.6.1 Example of PriVideo Information Recall in action In the focus group, we asked half the participants to read a condensed version of 02’s Privacy policy and the other half to watch the video version we created. The participants that read the privacy policy remembered very little of what they read. In some cases, the information they remembered was actually incorrect. In stark contrast, the participants that viewed the video remembered large amounts of the video correctly. This is detailed further in our Primary research section, Pg. 32. 3.7 Icons used by PriVideo We believe that by using icons, we can enhance viewers’ understanding of privacy policies. According to Canning (2000), there is significant confidence attributed to audio-visual aids as a method to enhance learning. Visual aids can be used to increase the depth of understanding and knowledge gained by viewers, raise motivational levels among the viewers and make it easier for the viewer to complete an exercise (Davis 1974). Additionally, visual aids can enhance audience interest, focus the viewer’s attention on the topic and aid retention of key content (Stoner 2009). When used correctly, icons or images can be used to guide action. A more informed viewer may be guided towards clicking on the privacy policy icon and reading more. Icons are also used to support the viewer in linking an image with a concept and enhancing understanding. They also allow the viewer interpret the meaning of the icons and increase recall. The PriVideo library features a large library of icons, each of which was carefully designed with the intention of providing a simple portrayal of the information it represents. In our opinion, the icons created by PriVideo allow us to successfully convey the required elements of a privacy policy in a clear, entertaining and informative manner. The icons used 28 in the PriVideo animated videos can help support user understanding with regards to company’s privacy policy. When designing our own icons, we looked to other industries for guidance and inspiration. Example 1, Food label: This food label provides a lot of information in a relatively small space. We can interpret the amount of calories, fat sugars, salt and saturated fat. We can determine that the company is using a traffic light system. Example 2, Game Labels: Labels such as these appear on Xbox/ PlayStation games and detail the age group suited to the game. These small icons convey a lot of information. Example 3, Clothing Labels: Icons like these appear on clothing labels and detail the washing procedures, whether or not the garments they relate to can be tumble dried, put in the washing machine or ironed. These icons convey a great deal of information and are universally understood. These example icons highlight how a vast amount of information can be presented in a simple manner. At PriVideo, we aim to create simple, detailed icons that illustrate elements of privacy policies. We have created icons for aspects such as personal information, contact information, cookies and data collection methods and believe that these icons when teamed with animation and audio can help create an understanding of what the privacy policy entails. When designing our icons, we tested them on numerous people to ensure the message was clear and understandable. Some of our icons are illustrated below, namely our icons for a privacy policy, safe, personal information and a new product. 29 3.8 Video Development The PriVideo concept was refined numerous times. Any advice the team received from advisors or contacts was considered and implemented if the team deemed it to be a valuable and viable addition. The prototype video was also altered a number of times. Through testing the video on participants in our focus group, our advisors, industry professionals and on our questionnaire respondents, we were able to gain large amount of feedback. We implemented this feedback to refine various elements of the video. 3.9 Brand Incorporation & PriVideo We believe that the incorporation of our customer’s brand is an important element of each video. As mentioned in the benefits section above, the brand incorporation is an incentive for customers to use the service. The PriVideo service not only offers a means for companies to appear transparent and informative to their customers, but also allows companies to promote their brand in a sober way. The brand icon will appear numerous times in the animation as indicated in the icon below, which was taken from our prototype video. This will allow the viewers to identify with the brand and perhaps see the brand as an honest company without actually directly advertising. Indirect marketing can also have a better effect on customers than actually directly marketing to them (Nelson 2007). Allowing companies to appear honest and transparent also helps build their brand image and reputation. This building of an honest brand image may create an inherent “promise” between the company and its customers and aid the company in building stronger relationships (Davis 2013). 30 3.10 Video Summary Table The table below outlines each element of the video, any changes we have made and our reasoning behind these changes. Video Element Description Backed up by / Testing Reasoning Length To establish ideal length of video To create a video which met the times specified by respondents with the aim of minimising the amount of people who abandon the video. Legal Determine the legal requirements for the video Icon Usage Design and test icons to determine which to include in the privacy policy video Voiceover Final prototype version by Michelle Farrelly an Irish female. Changed from original recorded voiceover Brand Inclusion Considerations of the amount of brand representation in privacy policy video Focus group Average YouTube Video length Opinion of professionals and advisors FTC DPC Privacy Consultant Solicitors Focus Group Secondary research Testing Focus group Questionnaire Advisors Secondary Research into indirect branding Questionnaire Figure 9: Video elements 31 To firmly establish what elements must be included in a privacy policy and thus the core elements of the video To ensure every representative icon in the video is easily interpreted The voiceover is an essential aspect of the video so ensuring it is clear and was imperative. The voiceover is a core component of learning through audio visual stimuli. To offer an added benefit to companies by allowing brand representation in the video. It is essential however not to overdo the brand and in turn take away from the core aim of the video. Section 4: Primary Research We have placed a great deal of emphasis on research as it enabled us to prove the potential of our concept and answer the many questions and challenges we encountered. 4.1 Interviews Conducted Core to our primary research was the numerous interviews we conducted which included; interviews with industry professionals, privacy solicitors, a privacy consultant, the DPC and the Irish Patent Office. These interviews are outlined in the table below and individually discussed in detail in Appendix A, (Pg. 207). Name Susann Radach Daragh O’ Brien John Boyd Karl Crowley Stewart Fennel Lucy Allen David Jack Nagle Prof. Alan Smeaton Dr. Cathal Gurrin Dr. Jean Cushen Profession Type of Interview Allianz, Compliance Manager Managing Director, Castlebridge associates Data Protection Solicitor Web Developer Face to Face If the service could be used in big companies like Allianz Face to Face Advice on concept, its potential and possible development arenas Opinion and advice on concept Office of Data Commissioner Crowley Solicitors Email & phone Phone interview Phone Interview Face to face Works in Irish Patent Office Risk Lecturer, DCU Phone Face to Face Advice on Advice on API and coding requirements for service Relevancy and applicability of our proposed service Potential and scope of concept and potential contacts Trademarking, Copyrighting and patents for PriVideo Privacy aspects of the PriVideo Service Lecturer in Information Access, DCU Web Design Lecturer, DCU Face to Face Technical aspects of service Face to Face Technical Advice Business Lecturer, DCU Face to Face Advice on business and branding elements of service Figure 10: List of Interviews conducted 32 Demonstrated Prototype 4.2 Questionnaire We developed a questionnaire, as it gave us the opportunity to gather a large amount of feedback on our prototype and a number of elements pertinent to our concept. A sample of our questionnaire can be found in Appendix C, (Pg. 236). A summary of the PriVideo questionnaire can be seen in the table below. The most beneficial responses in terms of viability and benefits of the PriVideo service are detailed in the charts below the questionnaire. 4.2.1 Questionnaire response tables 4.2.1.1 Section 1: Demographics Question Majority Answer Dominant Answer Why Q Asked 1. What gender are you? Female 69% To ensure we had a representative sample and ascertain our demographics. 2. What age category do you fit into? 21-29 65% To ensure we had a representative sample and ascertain our demographics. 3. What is the highest level of education you have achieved? Post Graduate 35% Leaving Cert 31% To ensure we had a representative sample and ascertain our demographics. 4. How often do you use the internet? More than once a day 71% To decipher the how often the internet is used. As internet usage increase it increases the need for our service. 5. When using the Internet do you have any concerns about the privacy of your information? Yes, I have some Concerns 81% To ascertain the rate of concern of people using the internet. Basis of our service. 6. Are you concerned about the following when using the Internet? Who companies share this information with 68% To establish the main concerns of our users. Figure 11: Questionnaire Demographic responses 33 4.2.1.2 Section 2: Privacy Questions Question Majority Answer 7. What behaviours do you engage in to protect your privacy online? Only give my information to reputable companies/websites 8. Do you read the privacy policies of companies before buying their products or services? I sometimes glance at privacy policies but rarely read them 9. What difficulties do you encounter when reading privacy policies? Too long 81% To establish the main deterrent when reading a privacy policy. 10. Have you ever not used a website or decided not to purchase a product online due to concerns for your privacy? Yes 57% To establish whether privacy concerns affect online sales. I only use websites with certified symbols such as secure payments symbols Dominant Answer Why Q Asked 46% To establish how our users attempt to protect themselves when using the internet. 46% 52% No 35% Figure 12: Questionnaire Privacy responses 34 To establish whether user take time to read text versions of privacy policies. 4.2.1.3 Section 3: Video Questions Question 11. From watching this video do you feel more informed about Majority Answer Dominant Answer Why Q Asked What information the company collects about you 71% How the company collects your information 68% How long the company keeps your information 68% 12. What did you think of the video? Informative 78% To gain feedback on the service, to ascertain if it does in fact inform and educate the users in accordance with our plan. 13. The images/graphics in this video improved my understanding of my privacy Somewhat Agree 62% To understand whether the logos helped the user understand the privacy policy. 14. I could relate to the character in the video Somewhat Agree 54% To establish whether the user could relate to the character we created. 15. Videos like this make me feel more aware of my privacy online Somewhat Agree 64% To establish whether the user felt more aware of their privacy when given the policy in a different medium. 16. I would prefer to watch videos like this over reading a privacy policy Strongly Agree 64% To ask the big questions of whether users would rather our service. 17. Videos like this would help alleviate some of my privacy concerns Yes, To a degree 60% To understand whether a video would reduce user concern re privacy. Figure 13: Questionnaire Video responses 35 To establish whether the video conveys the message and informs the user and what is the main thing the user takes from the service. 4.2.1.4 Section 4: Brand Questions Question Majority Answer Dominant Answer Why Q Asked 18. How would you describe your level of trust in the company before watching the video? Moderate 65% To establish the relationship between company and customer before video. 19. How would you describe your level of trust in the company after watching the video? High 52% To establish the relationship between company and customer after video. 20. I feel that videos like this strengthen the brand image Somewhat Agree 52% To ascertain whether the video increased the customers view on the company. 21. This video made me more likely to buy this company’s products and services? Maybe 52% To discover if customers would be more likely to buy gifts off companies with privacy policy videos. 22. I would watch videos like this when contemplating what products to buy or what websites to use Yes Sometimes for example big purchases 52% To discover if people would watch the video when contemplating buying goods off websites. Figure 14: Questionnaire Brand Questions 4.2.2 Charts based on Questionnaire I would prefer to watch videos like this over reading a privacy policy Strongly Disagree Somewhat disagree neutral somewhat agree Strongly agree 36 Do you read privacy policies of companies before buying their products / services 4% Yes 8% No 36% 52% I sometimes glance at privacy policies but rarely read them in full How often do you use the internet 25 20 15 Amount of Time 10 5 0 Once a month Once a week 2-3 times a week Everyday More than once a day What difficulties do you encounter when reading a privacy policy 25 20 Too Long 15 Too Much Technical Jargon 10 Boring 5 No Difficulties 0 Too Long Too Much Technical Jargon Boring No Difficulties 37 Are you concerned about the following when using the internet? 20 18 16 14 12 10 8 6 4 2 0 How companies collect your information What information companies collect about you How companies use this information How companies What How companiesWho companies collect your information use this share this information companies information information collect about with you Who companies share this information with From watching this video do you feel more informed about 25 20 15 10 5 0 How the company collects your information What information the company collects about you Why the company collects this information What this How long the Who the information is company keeps company shares used for your your information information with 38 What did you think of the video? Unclear Boring Informative Educational Entertaining 0 5 10 15 20 25 4.2.3 Questionnaire Comments Our questionnaire contained some questions which allowed us to collect further opinions or feedback from the respondents. In order to be incorporate the feedback we received, we made a number of changes to the video, as illustrated in the table below. Comment Changes Made Voice / Accent hard to understand in places Re-recorded voiceover with Female Variation in the sound quality of the voice Re-recorded voiceover in a more sound proof room Voice quite quick Slowed down speech in certain areas Negative tone Used a Irish female and encouraged a more up tempo tone Voice not commanding / robotic Re-recorded voiceover Icons moving to quick in places Slowed down certain icons were possible Slow down some areas of video Reduced transition speed were possible Figure 15: Questionnaire Video feedback One core assumption we based our concept on, was the increasing privacy concerns of Internet users. We believe that these concerns can led to Internet users to engage in a number of protective behaviours such as, not opting in for marketing or abstaining from using certain websites, which negatively impacts these companies. As outlined in the table below, the 39 questionnaire provided us with an insight into why customers engage in protective behaviours and the potentially positive impact our videos could have on a brand. Question Comments Not sure about their security level If a company does not offer a variety of card payment options or paypal I generally do not buy from them Have you ever not used a website or decided not to purchase a product online due to concerns for your privacy? Policy was very long and small font seemed dodgy so I looked elsewhere to find a similar product Concerns personal identifiable information may not be kept secure They show that companies want to communicate with customers and educate them that they are open and have nothing to hide using a character to explain rather than long-winded legal jargon helps to humanise the company Company seems open Do you feel that videos like this strengthen the brand image? You feel as though the company is being clear and upfront and honest. You know what info is taken and how it’s used as such you can trust the company more. It makes their privacy policy seem more personalised and tailored to the company, rather than it being presented in the form of a generic block of text. Transparency plays an increasingly more important role in today's society because of certain events/ info breaches etc. in the past brand image is hugely related to trust in a brand particularly online. If you trust a brand the image will improve Figure 16: Questionnaire brand comments 40 4.3 Focus Group We conducted a Focus group on 3rd July 2013, in order to test a number of assumptions our concept was based on. Our themes for the focus group were developed to coincide with the areas of research we wanted to delve into over the course of this project namely;privacy concerns, current status of privacy policies, the potential of video and of our solution and the impact of our solution on educating users, brand image, trust and purchasing decisions. These themes are also evident throughout our questionnaire. The main findings of the focus group were very positive, both in terms of the fundamental assumptions the PriVideo concept is based on and in terms of the prototype video itself. A copy of the moderator guide for the focus group, feedback form and participant permission slip can be found in Appendix D, (Pg. 240). We chose a focus group due to the interaction among participants, as the ability to of participants to both query and explain themselves to each other provided us with a deep insight into the reasons for participants’ behaviour and opinions Morgan (1996). The focus group consent form and video feedback sheet can be found in Appendix E, (Pg. 245) and Appendix F, (Pg. 246) respectively. The table below briefly outlines the demographics of the participants in our focus group. Participant Name Ruth O’B Age 23 Nationality Irish Occupation E-commerce Masters Student E-commerce Masters Student Cloud computing Masters Student Lab Assistant Gender Female Amelie C 24 French Michael H 24 Irish Ciara B 22 Irish Susan McA 23 Irish E-commerce Masters Student Female Baudin P 23 French Marketing Masters Student Male Female Male Female Figure 17: Focus Group participants 4.3.1 Structure of the Focus Group The focus group included participants from different academic backgrounds and of different nationalities, in order to ascertain broad feedback. The focus group started by breaking the participants into two groups. The first group read 02’s privacy policy, which was printed for each of them and the second group watched our prototype video version of the privacy policy with each participant having their own computer and earphones. The second group then all 41 filled out a short feedback form. A discussion across the themes outlined above then followed. 4.3.2 Privacy Concerns of Participants All six focus group participants expressed some concern for their privacy. The main concerns discussed include; websites or companies using an email address without permission, who can access information, what information companies collect, tracking with cookies and targeted ads. Yesterday I set up a LinkedIn profile and my suggested friends included people I had never emailed or never friended on Facebook but I still knew them like my housemates. I don’t know how LinkedIn knew this but it kind of made me think..woah what else do they know and I’m only a new user Question Privacy concerns General Consensus All have concerns Protective behaviours All engage in some Is trust online a big thing Yes If you were more No just more informed would you aware be less likely to use a service It’s harder for me to differentiate between trustworthy and non-trustworthy companies online. Like in the real world or physical world ha I can tell if a shop is trustworthy or not – online it’s such a bigger place like I don’t even know where some companies are located. So I kinda need something to tell me what’s safe or not even that just explain to me what’s going on with my information is it safe Example Example I don’t know who has access to that information which is weird yano Careful of Facebook posts One participant was a victim of a phishing attempt I don’t think companies are taking advantage of the internet as a medium to build trust like then we can then differentiate between companies you can trust and those you cant Figure 18: Focus group Privacy concerns 42 Looking for visa secure symbols to signify trustworthiness Ye now that you mention it I agree like I like that companies are more available online we can talk to them and get an answer and they solve complaints but don’t platform to foster trust I definitely think that’s a missed opportunity No I just want to be in control like I just think we need to understand how everything works online w 4.3.3 Participants views on Privacy Policies A study commissioned by the FTC (2012), found that 31% of people spend no or little time reading privacy policies with a further 33% of people glancing through privacy policies. As discussed on Pg.19, there a number of reasons why people don’t read these policies with the reasons discussed by our participants outlined below. Question General Consensus No Example Example I just click the box and say yes Sometimes I look at the length or glance at it More likely to read for big decisions? Yes Careful of Facebook posts Why don’t people read privacy policy? Too long, confusing, language Far too long and boring like I haven’t got all day Looking for visa secure symbols to signify trustworthiness Sometimes the text is just so small like if I need to zoom or put on my glasses to read it its automatically a turn off for me ha If you were more informed would you be less likely to use a service If they were easier to understand would you read them? No just more aware Ye and as well as that we can then differentiate between companies you can trust and those you cant Definitely ye. I’d definitely start them Do you read privacy policies Yes or start them Definitely just be in control like I just think we need to understand how everything works online w Yeah clear sections which are condensed but still cover everything I suppose could work Figure 19: Focus group views on privacy policies 4.3.4 Focus Group Video Prototype Feedback The focus group was also a great opportunity to test our prototype on potential viewers and incorporate their feedback into developing our final prototype. It was also a chance to conduct an experiment between text and video privacy policies to ascertain enjoyment, viewer feelings and information retention. In terms of recall, it was interesting that those who watched the video remembered the majority of the content, while those who read the written document struggled to remember anything and things they did recall where either incorrect or incomplete pieces of information. In one case, a participant who read the policy got confused and another participant who watched the video was able to give them the correct information. 43 Question Ease of understanding Group 1 Example The text was horrible Recall from reading and watching video Was it something like they keep your data for three years or if your bill pay I donno like No it was Far too long and boring like I haven’t got all day Anything else learnt Preference of watching a video vs. reading a privacy policy Yeah id have no problem once the video was well under 5 minutes yano and cos the text was just horrible Group 2 Example Oh yeah the video was really easy to understand yeah even like if I couldn’t hear the voiceover or whatever I could understand from the icons on the screen Yeah billing and payment was the 6 years and location, text and downloads was 2 years yeah. I learnt about the data they take on me my name, date of birth and address etc which makes sense but was nice to see it on the screen. Well firstly once the video was like 3 minutes I’d have no problem watching one for each website ha id actually probably enjoy it Figure 20: Focus group video vs. text Yeah it was ha. I found myself skimming and I found myself reading a section and saying oh I donno what that said at all and I had to go back and read again to try understand and it took so long and I wasn’t even finished yano Yeah I’m more likely to remember it aswell like I think the visual triggers something with you and you just remember it. I’d say if I had to read the policy it would take me far more time to understand and grasp the whole thing than watching the video which I felt I could follow and actually educate myself yano 4.3.5 Focus Group Brand discussion At the outset of the discussion, we ascertained that all of the participants had a neutral feeling towards the brand. We wanted to back up our assumption that better communication with customers wouldn’t make them more concerned about their privacy, but would instead make them more informed and empowered. This was evidenced in this discussion as shown in the quotes below. The participants all agreed that they would feel companies with these videos would seem more open and transparent to them and may help them differentiate between companies offering similar products. 44 Ease of understanding Group 1 Example Group 2 Example I didn’t really have an opinion Well like I said in France we don’t before and after reading I still have 02 but the video made me think don’t they were open and a lot of the reasons for information taking is to improve the experience of the customer which I don’t mind Figure 21: Focus group impact of video Reading it is kinda confusing in itself doesn’t mean the company is necessarily bad so it could negatively impact how I feel about the company just because of the way its’ written. But if there were two companies offering similar products I will maybe go for the one I can trust more which may be shown by this kind of video 4.3.6 Video as a source of Information The increasing prevalence of video was highlighted in our focus group discussion, as all participants stated that video plays a large role in their daily lives. We also wanted to examine the length of time our participants would watch a privacy policy video for. In our focus group the participant took between 8 and 12 minutes to read a condensed privacy policy. Our prototype video is approximately 2 minutes 5 seconds. Our participants in the focus group said they would spend between 3-5 minutes watching a video version of a privacy policy. 4.4 Primary Research & PriVideo in the Future To date, primary research enabled us answer a large number of questions about our concept, back up our assumptions and adjust our prototype and offering based on the copious amount of feedback we received. Our primary research also allowed us to establish consumers’ viewpoints on their online privacy, determine what exactly a company would want from the PriVideo service and discover the efforts companies are currently making in relation to online privacy. Going forward, we will continue to use primary research for testing our videos and further proving the value of our concept. We believe this research will enable us to ascertain the benefits in action of our service. We have apportioned a budget for this research in the future, which will include competitions on social media websites and surveys. 45 4.4.1 Example of Future Research One example of how we plan to continually research and prove the benefits of our service is a social media competition. This competition will require Internet users to watch a sample PriVideo animation and answer some privacy related questions approximately one week later. This competition would offer a prize like an iPad as an incentive and provide us with invaluable information on the information recall of our videos. This information will help us change the product if required and sell the product to future customers. 4.5 The applicability of PriVideo In addition to ascertaining the potential benefits of our service from our research, we were aware that we needed to answer a number of questions about possible disadvantages companies may experience from implementing a PriVideo privacy policy. These questions arose when we initially conceived the concept and when we began speaking to industry professionals and lecturers about the potential of the idea. Each question and or concern is outlined below, along with the solution we developed or answer we found when conducting our research. Q1: If so few people read privacy policies, why do you think more people would be inclined to watch a video version of a privacy policy? A1: While research has found that only 3% of people read privacy policies in their entirety (FTC 2012), it’s important to note that large numbers of users do start to read these policies. According to the European Commission (2011), 58% of Internet users start to read privacy policies. The fact that the majority of users don’t manage to read the policy fully says more for the policy itself than the users. PriVideo makes use of video as a medium to convey the message that users want to know and companies are trying to communicate. This was further reinforced in our focus group where participants all said they would prefer to watch a video version of a privacy policy, some would watch a video for each website they use and the majority agreed they prefer video in general. Q2: Privacy policies are merely a compliance box ticking exercise for companies why would they want to make their data collection methods clearer to users? A2: We accept that some companies may not want to be explicit with how they collect and use customers’ information. It’s important to note that we don’t intend to actively target these companies. Furthermore, the PriVideo service allows companies to be compliant in a quick 46 and costly way. These videos also allow companies to take advantage of the fact they have nothing to hide in terms of data protection. Q3: Are these videos legally compliant? A3: All of the scripts we develop for our database of pre-made clips will be checked for compliance by solicitors we have developed relationships with. Furthermore, each customised video (Tier 4 offering) will be individually checked by one of these solicitors. Following our conversations with the DPC, we have decided to advise our clients to keep the written version of the privacy policy readily available on their website. Making this policy easier to read may be an additional service we will offer. Q4: If these videos aim to improve users’ understanding will that not make them more sceptical about the company? A4: No. We’ve in fact experienced the opposite response in our research. Our focus group participants all stated that they merely want to understand more online and tend to opt out of marketing due to a lack of knowledge. Q5: Are users actually interested in privacy? A5: Users are extremely concerned about their privacy and a large majority of users change their behaviour after reading privacy statements by either not using the service or being more careful about their personal information. The table below provides an example of the percentage of Internet users in different countries altering their online behaviour upon reading a company’s privacy policy. Country Malta % Citizens altering behaviour due to privacy concerns 91% Cyprus 90% Austria 87% Slovenia 87% Romania 86% Ireland 85% Figure 22: European Privacy Concerns Source: European Commission, 2011 47 Furthermore, internet users are actively seeking to become educated about their rights online. This is illustrated by the year on year increase in customer information queries received by the DPC, 55% of which pertained to access rights of citizens (DPC 2012). Q6: Are any companies currently making efforts to be more transparent or proactive in communicating with their customers about privacy? A6: As mentioned above, many companies at present are predominately interested in complying with legislation. However, if companies want to attain other benefits such as fostering trust or increasing the numbers opting in to marketing, then they need to educate their customers in a more effective way. According to Ackerman et al., (1999), while having a privacy policy or statement available can enable compliance, it is not enough to alleviate customer concerns. Some companies are making active efforts at present to be more transparent and communicate with customers. One example is shown below. We believe that these companies are first movers as they realise the advantages that transparency can bring. We also believe that more and more companies will begin to be proactive in terms of transparency and when the amendments to EU data protection legislation come in, more transparent communications will be a requirement. 48 Q7: Is there a market for privacy solutions A7: As detailed in our Competitors section, while there are no companies offering the same service as PriVideo, there are a small number of global players in this industry. Furthermore, these companies have attracted huge interest and investments from venture capitalists with Truste for example raising $12 million in funding recently (Tam & Worthen 2010). This illustrates the relevancy of privacy solutions. Q8: One of the cited benefits of PriVideo is fostering trust with customers. Is that really important in the online space? A8: Yes. According to Arcand et al. (2007, p662) revenue from online sales is largely hindered due to customers perceived lack of control over ‘the privacy and the security of their personal information when making purchases online.’ Trust is extremely important in the online space especially as many companies are based purely online, they don’t have the physical presence other companies have which can reassure customers. These companies therefore, need to utilise the Internet as a medium to build trust. PriVideo aims to help companies to build trust by educating their customers with regards to the privacy of their information. 49 Section 5: Market & Industry Analysis This section of the report includes an evaluation of our market, an analysis of the industry, our competitor analysis and details our target industries and customers. 5.1 Our Market The PriVideo service will be positioned within the privacy solutions market, which is a subsector within the global Information security market. This market concerns itself with offering products and services that help appease the privacy concerns of Internet users. At present, there are numerous companies in the market offering privacy solutions. These privacy solutions can be broken up into two sectors, with one sector offering privacy solutions for companies and the other offering privacy solutions for customers. While PriVideo is a privacy communication solution aimed at companies, the service also considers the needs of the customer. Therefore, PriVideo overlaps across both sides of the market as shown in the Venn diagram below. Figure 23: Positioning of PriVideo within the market 5.1.1 Our Target Market The overall target market for PriVideo is essentially all companies that either collect or process data online. The environment for these companies is about to change as strict amendments to the EU Data Protection directive are imminent. These proposed amendments 50 will require all businesses keeping data on over 250 users to comply with the new data protection regulations. This creates a large market for PriVideo to tap in to, as the majority of SME’s operating in Ireland and the EU will be subject to the same laws as large multinational companies such as Facebook or Microsoft. As an increasing number of companies are making efforts to effectively communicate with their users, we believe PriVideo’s offering to be timely. Additionally, PriVideo serves a niche within the privacy solutions market by providing a privacy communication solution. As the companies we are targeting will range from large multinational companies to smaller SME’s we have created different Tiers within our service to meet our customers’ varying needs and budgets. These product Tiers are outlined on Pg. 16. 5.1.1.1 Who collects data and why The majority of websites collect information from users. The tracking practices of large technology giants such as Google, Apple, Amazon, Facebook, Microsoft, Twitter and Yahoo are frequently discussed in the media. These firms track and monitor users for a number of reasons including to allow them to provide a tailored online experience. Date collected can include ad clicks, browser and device information, email addresses, IP addresses, OS details, personally identifiable information and search queries (Williams 2013). The image in Appendix G, (Pg. 248) details the data gathering, tracking and usage methods of 5 of the top technology companies and their privacy policy word count (Williams 2013). It is essential to point out some industries rely on user information. Social media sites for example, are dependent on user generated content. The data collected on these sites allows companies to generate revenue through targeted advertisements. Other industries such as Insurance and banking need to gather information in order to access risk. The proposed amendments to EU Data regulation would affect the majority of companies dealing with personal information. 5.1.2 Target Countries Upon launching the PriVideo service, we will target the Irish market. The concept was conceived and developed in Ireland and to date; we have formed numerous vital relationships here. PriVideo’s contacts are based in several sectors and industries including insurance, risk, web development, telecommunications and sectors such as privacy consulting and privacy law. 51 Ireland: We decided to initially target Ireland as, Ireland is a country with a young, well educated workforce, with many sources of investment and an attractive corporation tax rate of 12.5% (Enterprise Ireland 2012). Additionally, Ireland was rated as the best country for doing business in Europe (Forbes 2011). Furthermore, Ireland has been described as a key gateway not only to Europe, but also to the Middle East and the Americas. This is partially due to the fact Ireland is the only English speaking country in the Eurozone (Enterprise Ireland 2012). Finally, Ireland is seen as one of Europe’s technical hubs (The Examiner 2013). The majority of major technical companies have a base in Ireland, with some choosing Ireland as their European hub such as eBay, Facebook and Google. Other Electronics and technology giants which operate in Ireland include Amazon, Apple, Cisco, Dell, Intel, LinkedIn and Microsoft. The UK: We view the UK as our next target country. The UK are not only Ireland’s closest neighbours but coined as the best major location for ‘ease of doing business’ in Europe (World Bank 2012). The UK also has a similar business focus to Ireland as well as strong connections with the country. Additionally, the UK attracts more international investment projects than anywhere else in Europe (Ernst and Young 2012). Many of the large technology giants that have a presence in Ireland are also located in the UK. This could further enable PriVideo’s ability to target both markets. The main reason why we aren’t initially targeting the UK is due to the slight differences in how the current EU data legislation was transposed into UK law. The data regulation remains extremely similar to Irish regulations but in order to ensure our videos are compliant in the UK, we would need to have slightly different voiceovers, develop relationships with legal professionals in the UK and contact the Information Commissioner’s Office, which is the equivalent to the DPC in Ireland. We will begin the process of entering the British market in Year Two. Further Opportunities: After the UK, we believe PriVideo has the potential to successfully target the rest of Europe as the proposed new legislation is European wide. The regulations that are due to be implemented would serve as the privacy law for every country within the European Union (Kanter 2013). Within Europe, we have some contacts in the legal profession in France and so view this as our next target country after the UK. Targeting countries like France and Germany will begin in Year Three. We believe that once the new legislation is finalised, PriVideo can scale massively in a short period of time. Looking 52 further into the future, the US and Canada also offers many potential opportunities. As we plan to target American companies with a presence in Ireland or other European countries, we believe this will aid us in unlocking the potential for PriVideo in other continents. 5.1.3 Market Opportunity At present there is a huge communication gap between companies and customers in terms of privacy. Individual users are becoming interested in and worried about the privacy of their data online. Due to the miscommunication of privacy policies a mere 22% of Europeans trust online companies (European Commission 2011). This creates an opportunity for PriVideo to take advantage of the communication gap and deliver a service, which essentially bridges this gap. By providing a video representation of the privacy policy, companies can allow customers to gain the required information in a more entertaining and informative medium. While we have identified a number of competitors on the market, we believe that we can offer a differentiated service. We are both customer and company focused and so have created a viable and timely business opportunity. We fulfil the consumers need to be more informed about their online privacy whilst allowing companies be more transparent. The proposed legislation has heightened our market opportunity with companies scrambling to ensure they are compliant. 5.1.4 Market Trends Privacy Concerns: The online arena has seen substantial growth in the past 5 years. As the growth in users continues to rise, the concerns surrounding online privacy and safety also increase. As mentioned above, 88% of UK internet users have some online privacy concerns (Truste 2013). This was echoed among our focus group and questionnaire respondents with over 80% stating they have some concerns. With this level of concern among users, trust in companies operating online is feigning. If users aren’t given the relevant information to trust companies on the internet, these online industries may begin to decline. PriVideo in our opinion is a mechanism to provide users with the relevant information in an understandable format. The role of Legislation: Another positive trend for PriVideo relates to the fact that governing bodies in Europe are placing great importance of introducing stringent data protection guidelines within Europe. At present, companies are becoming increasingly aware of both their users privacy concerns and the new proposed EU legislation. However at present, the regulations that were proposed more than year ago are still in debate status. Kanter (2013) 53 discusses how intense lobbying by certain Silicon Valley companies has impacted these debates. Several of the legislative proposals are currently being scrutinised and the full terms of agreement have yet to be confirmed. Country’s governments are openly sparring with one another over how far to go in protecting the privacy of their users. The government’s role whether increasing or decreasing will impact the success of PriVideo. The Internet as a means to Communicate: Companies are trying to use the internet to reach their customers in environments that were not previously utilised. One method of communication companies are currently exploiting is social media networks. PriVideo gives companies the option to expand on this communication trend and convey themselves as transparent and honest. This may be an effective method of building trust in the brand through open communication. 5.1.5 Targeted Industries Whilst PriVideo is pertinent to any industry or company that utilises privacy policies, we have outlined four target industries that we feel would specifically benefit from the PriVideo service. These industries are briefly outlined below and discussed in detail in our Customers section, see Pg. 93. Insurance & Financial Services: This industry deals with large amounts of customer data on a daily basis. PriVideo has established a number of connections within the industry and have already met with Susann Radach, the head of compliance in Allianz. One of the most beneficial pieces of information we took from this meeting, was the sheer cost and time it takes to answer customer queries in relation to data access. Mrs Radach agreed that if companies such as Allianz could convey the information in their privacy policy more effectively using a service like PriVideo; their costs would be reduced. Additional consultations with brokers further supported this statement. Telecommunications: At PriVideo, we have also begun to form relationships in the telecommunications industry. As mobile phones and the internet are seen as very personal forms of communication, users worry what aspects of their communication is being collected and analysed. PriVideo can help telecommunications companies alleviate some of these concerns by informing users of the reasons they keep data and for how long in a clear and concise manner. The main Telecommunication methods are mobile, internet, landline, radio and broadband. 54 ICT: As mentioned, Ireland is seen as a technological hub. Within the ICT industry, there are a number of sectors including Social media, which has experienced exponential growth in recent years. This industry in particular is largely dependent on user generated content. However, if users don’t trust the social networking sites and limit the amount of information they place on these sites the whole industry could suffer. Facebook for example, has experienced numerous onslaughts by the media, due to poor compliance with privacy laws and audits they received from the DPC in Ireland. PriVideo enables companies in this industry to clearly communicate their compliance. Due to our relationships, we will start by targeting social media companies or technology companies that are smaller in size than the global players in this industry as illustrated in our sales plan, see Appendix B, (Pg. 222). Online Retail: This industry includes companies born online and those with both an online and physical presence. This industry enables consumers to source and buy goods that may not be physically obtainable otherwise. However, many consumers are worried about the trustworthiness and security of these online sites and there have been many cases of online fraud in recent years. In a bid to increase user trust, companies could use PriVideo to detail what they do with user’s personal and financial information and explain who has access to this sensitive data. 5.1.6 Distribution Online privacy solutions companies use numerous distribution channels such as software downloads, paid subscription to software access, plugins and the ability to check a websites credentials by typing in relevant information. For PriVideo, we would have slightly different distribution channels depending on which Tier the product purchased resides in. Our basic service would allow companies create their own video online and gain a link on our website to download the completed video policy. A more customised video would involve input from the PriVideo team prior to transferring the video to the company. 5.1.7 Future Market potential A survey conducted by ComRes and Big Brother Watch (2013) detailed the attitudes of global citizens toward online privacy. As illustrated below, Spanish and French citizens have high levels of concern with regard to online privacy and thus, these countries could present a viable opportunity for PriVideo in the future. 55 % of Population Concerned about Privacy 100 90 80 India 70 60 Spain 50 Brazil 40 France 30 UK 20 Germany 10 0 India Spain Brazil France UK Germany The table below details the countries that are most concerned with regards to online privacy (Kugler 2013), the most proactive countries in terms of privacy (Anderson 2013) and the countries who are most concerned about social media privacy (Schwartz 2010). This table highlights 6 countries within Europe alone that appear in the top 8 most concerned countries. As a result of this PriVideo can identify Spain France, Germany, The Netherlands and Italy as future targets after the United Kingdom. Most Privacy Concerned Countries Most Privacy Proactive Countries Countries specifically concerned about social media privacy India France United States (80%) Spain United Kingdom Brazil (79%) Brazil Netherlands Germany (71%) France Spain UK (67%) United Kingdom Italy Netherlands (63 %) Germany Germany Italy (60%) Spain (52%) Figure 24: Global Privacy Attitudes 5.1.8 Market Value The global information security market experienced growth of 11% in 2010, generating 6 billion dollars in revenue (Orr 2011). Due to the exceedingly high-demand for information 56 security systems and solutions across governments, businesses and the private sector, this industry is expected to be valued at $68.34bn by the end of 2013 (PR Newswire 2013). This industry includes a number of sub-sectors or segments, such as anti-virus software, encryption software and privacy solutions. PriVideo will be positioned within the privacy solutions sub-sector of the information security market. We believe that PriVideo can exploit the growth of this industry with our unique, timely offering. 5.1.9 Targeted Market Share Within the privacy solutions sub-sector, there are companies offering solutions on both a B2B and B2C level. We estimate that the spilt between B2B and B2C offerings is roughly 55% for B2B and 45% for B2C offerings. We will aim to carve out a niche for B2B privacy communication solutions like PriVideo. We believe that this niche can capture approximately 8-10% of the market segment, which offers B2B solutions. We believe that due to the increased transparency required in the proposed amendments to EU regulation, our timely offering, which makes data protection communication effective, will allow us to exploit this untapped segment of the market. 57 5.2 Industry & Internal Analysis We conducted both Porters Five Forces and PESTLE analysis of our industry, to develop an awareness and understanding of the impacting factors in our external environment. We also conducted a SWOT analysis of our offering to understand our internal situation and elements we needed to consider and improve on. This analysis combined with a detailed analysis of all of our potential competitors provided us with the information necessary to develop our own strategy, business model and revenue model. 5.2.1 PESTLE Analysis P • Government Involvement in privacy solutions industry and online privacy • Privacy Legislation • Government reaction to new technologies E • Economic state of countries • Growth industries • Country tax rates S • Growth in internet • Privacy concerns of users • Internet becomming communication device T • Internet adaption • Level of data collection • Technology updates and improvements L • Legisaltion of countires • EU directive • Privacy solutions E • Electricy costs • Moving from paper to computer based Figure 25: PESTLE Analysis Political: The level of involvement of government and government bodies is extremely influential in the privacy solutions industry. However as this industry’s offering for the most part focuses on the online arena, the industry like the Internet itself, spans across International boundaries. As we will initially target Ireland and shortly afterward the UK, we are most concerned by the involvement of these governments. However, given the global nature of 58 most of our competitors, we must also be aware of the involvement of government in other countries. It’s important to note that privacy is in many ways a legal issue and thus, will always involve some government involvement. Generally speaking, European countries are more stringent with regard to introducing laws related to privacy, but the degree of involvement also varies across European countries. All countries in Europe will have to enforce the new data protection regulations when they are finalised. This legislation as discussed below will have an impact on companies across a range of different industries. In terms of companies competing in the privacy solutions industry, the legislation will have a positive impact. This is due to the fact that, our offerings provide companies with a means of complying with the legislation by being explicit and transparent with their customers. The US and Canada are also introducing similar laws or recommendations relating to transparency. Other elements of government involvement, which can impact companies in our industry, include the government’s reaction to new technology developments or changes. Some countries are extremely proactive when it comes to the privacy concerns of their citizens. Germany and the Czech Republic for example, banned Google street view cameras as they raised substantial privacy concerns. In Ireland on the other hand, the government actively seeks to attract global technology companies such as Facebook, Amazon and eBay. These companies may have been enticed due to the tax incentives the Irish government offer. How the government react to these companies in regards to privacy and data protection will impact our industry. For example, if the government is extremely strict and implement fines for data breaches, solutions like ours will become increasingly attractive. There are particular government bodies responsible for protecting citizen privacy such as the DPC in Ireland and the Information Commissioners Office (ICO) in the UK. The role that these bodies play will be a big influencer in the privacy solutions industry. For example, if we engage with the DPC, they could potentially promote or utilise some of our services when communicating their own data collection for example. Economic: The global recession of recent years has impacted countries and industries across the world. However, many countries are now coming out of the recession. Ireland experienced positive GDP growth of 0.2% in 2012, while the UK experienced growth of 0.3% (Fontes 2013). Furthermore, industries experiencing growth in Ireland are predominately technology related industries with many global technology companies like Facebook, Twitter, eBay, Amazon locating in Ireland over the past number of years. The 59 presence of these companies in Ireland makes them accessible to us and provides us with a potential avenue to offer our service on a global scale. Furthermore, the mere presence technology related companies can positively impact our industry given the data protection requirements they must adhere too. Social: There are a number of current social trends that influence the potential of our target industry. The Internet is experiencing massive growth with a reported 2.4 billion Internet users worldwide in 2012 (Internetworldstats.com).This growth directly impacts our industry as when people begin to use the Internet more, they are exposing themselves more to data collection from various companies. As people of all ages are beginning to use the Internet, there has been a rise in privacy issues in terms of both the safety of minors online and the privacy concerns of older citizens. According to Cheng (2011), Internet users over 55 are the most concerned age group in terms of privacy. Additionally, the growth of mobile technology which has been massive in recent years must be considered. Approximately 50-52% of mobile users, have concerns about their privacy and therein lies an opportunity for the privacy solutions industry (Cheng 2011). Another impacting trend is the increasing privacy concern of internet users around the world. These concerns pertain to what information companies are collecting and how they are using it and can impact both companies offering similar services to us and the companies we are targeting with these services. Increasing privacy concerns are expected to result in the loss of billions in online sales (Moore 2005), which in itself gives companies an incentive to use services like ours. Future trends which pose opportunities for solutions like PriVideo include the utilisation of the Internet as a vehicle to communicate with customers. Through the internet, companies can inform their customers about their data protection practices and develop trust with them. Companies are already communicating their policies with customers in the form of a privacy policy, which can be found on the website of most companies. However, when companies begin to either realise the opportunities in effectively communicating their policies or when the amendments come into place in Europe as discussed below, our service will be seen by companies across industries as an attractive, innovative means of being transparent and communicating with their customers. Technological: Our targeted industry is indubitably dependent on technology as all privacy solutions are operational only on the Internet. This means that, as companies in this industry, 60 we are completely dependent the Internet. We are therefore impacted, first and foremost by Internet adaption and the increasing number of companies using the Internet to collect information from users. These are our target customers. The methods of data collection online also must be considered when operating in the privacy solutions industry, such as new Internet technologies used for data mining. These technologies and further technologies which serve similar purposes can impact the services offered by companies in our industry. The fast moving pace of the Internet and Internet technologies must be considered as we must be aware of all new technologies and their privacy implications. The improvements in various technologies can impact us as an organisation. For example as animation technology improves our animation process will be quicker and easier. Any advances in automation technology will also impact us, given that our basic offering is automated. Legal: There are a number of legal factors to consider within our targeted industry. These factors all impact our target customers, in a way which makes our service attractive and we must be aware of all of these legal factors when providing this service. The legal privacy requirements imposed on companies across varies industries provide opportunities for services like ours and similar offerings. Legal requirements include Stop Online Predator Act and CANSPAM in the US for example, but the most important regulation pertains to data protection. Online data protection regulation varies across Europe, Canada and the US but all bare some similarities around issues of data collection and communicating with customers. Within Europe, the EU Directive 94/96 EC, which has been transposed into law by each European state stipulates the data protection requirements that companies must be comply with. All companies with a presence in Ireland for example, must comply with this legislation, which is detailed in the Data Protection Acts of 1988 and 2003. In America, privacy is often referred to as less stringent than Europe. American companies must comply with the recommendations made by the Federal Trade Commission or the FTC who have developed the fair principles for data collection. In Canada, the Office of the Information and Privacy Commissioner is responsible for ensuring all legislation is complied with. Relevant acts that companies in Canada must comply with include; the Personal Information Protection and Electronic Documents Act (PIPEDA, Personal Information Protection Acts (PIPA). 61 Legislation in this area is becoming more stringent especially in Europe with the proposed Data Protection legislation imposing more stringent requirements on companies. The proposed amendments will impact companies across all industries in a number of ways including; requiring all companies who collect data on over 250 individuals to comply with the same rules as Multinational companies, requiring the introduction of a data protection officer and increasing the requirements for transparently communicating with their customers. These amendments will impact almost all companies who collect data on customers and will provide opportunities for solutions like PriVideo. These stringent requirements make our solution an enabler for companies complying with legislation and communicating this compliance. As a company offering a privacy solution on a B2B level, we must also be aware of other European Acts such as the Cookies legislation 2012 and the Electronic Commerce Act 2000 as these are areas we may look to offer our service to in the near future. Environmental: Given the fact that we offer a service which is completely delivered in the online space, there aren’t many environmental factors which influence us. As more services which were once paper based move to electronic format, the privacy related aspects of these services will impact our industry but we view this as more of a technological factor. Some environmental aspects may impact our operations such as increases in electricity costs. 5.2.2 Porters 5 forces Analysis The bargaining power of buyers: Within this industry, there are only a small number of large companies offering privacy solutions. On the other hand, there are a large number of buyers. For B2C products, buyers are essentially Internet users with privacy concerns, which is a large majority. For B2B products, which are more dominating in this industry, there are also an extremely large number of companies operating online. All companies involved in some data collection will have a privacy policy on their website. According to Truste (2011), almost 100% of websites have a privacy policy, which shows that there is a large amount of buyers compared to the few companies offering solutions in this industry. Furthermore, many of these companies offer different solutions. There are a number of companies offering privacy certification services but companies in this industry tend to offer a range of solutions. This allows the buyer to differentiate between companies based the services offered. Buyers are empowered in the sense that, they can easily access a wealth of information about each company and their offerings, but this information source isn’t enough 62 to provide buyers with an influence. Given the range of companies and industries requiring privacy solutions, the sensitivity of buyers varies but, again most companies in the industry offer a range of services covering a range of budgets. Considering these factors, we rate the bargaining power of buyers as Low. The bargaining power of suppliers: As the industry offers online solutions, suppliers are predominately online vendors of some sort too. The suppliers required will depend on the company, but can include security service providers, Internet service providers, hardware vendors and software developers. The power of these suppliers again varies depending on what they offer, but generally speaking there are a large number of companies offering software solutions. More specific offerings like voice recognition software providers have some power as the quality of different companies’ offerings varies greatly. Other suppliers include suppliers of labour such as staff, which depending on their skill level may have some bargaining power and partners such as law specialists who work alongside the companies in this industry. There is always a substitute or other supplier available but some suppliers offer services which are extremely specialist. Therefore we rate the power of suppliers as Moderate. Threat of new entrants: There are a number of factors influencing the threat of new entrants in this industry. Firstly, the industry is far from saturated with a small number of large companies operating in this global industry. The sheer size of these companies does however, result in some barriers to entry. The largest barrier is arguably the brand power of these companies. This industry requires companies who are viewed as reliable and trustworthy and new firms must compete with these established brands. This also leads to the issue of capital while start-up costs aren’t extremely high, the costs associated with gaining brand awareness would be considerably high in this industry. However, this industry is young and growing with privacy becoming an increasingly widespread issue. With imminent changes to data protection legislation, there are also a number of opportunities opening up for companies to offer services which could be useful. Furthermore, as this is a technology based industry, start-ups with a unique offering or smart technical solution could prosper in this industry. There is potential for these companies to succeed without needing to compete with the core services offered by major players in this industry. 63 Considering all of these factors, we view the threat of new entrants as Moderate. Threat of Substitutes: Substitute products to privacy solutions are hard to identify given the legal framework this industry is based on. Various laws require companies to utilise many of the services offered by companies in this industry. There are potential alternatives to some offerings. For example, B2C offerings which inform users of the privacy compliance of different websites could be replaced by Ad blocker tools. B2B products have the advantage of providing customers with a certification on their privacy, which they couldn’t provide themselves without bias. However, some services offered by companies in this industry could be done internally. For example, the legal or compliance departments in an organisation are capable of drafting a privacy policy without requiring an external company. As mentioned above the majority of companies in this industry offer a range of services and have developed a strong brand and thus can be differentiated from their competitors within the industry. Furthermore, as many of the services offered by companies in this industry are not purchased on a frequent basis, buyers switching costs are high. Considering all of these factors, we rank the threat of substitutes as Low. Overall rivalry in the Industry: As mentioned, there are a small number of large firms currently operating in this industry. The majority of these companies offer a range of services on both a B2C level and a B2B level. Due to volume of these services offered, companies in the industry often offer the same if not a similar service. The focus of most firms in this industry is to continually innovate and offer new solutions. The companies are competitive in the sense that, each company in the industry is continually offering new products and expanding their capabilities. The industry is still young and evolving and due to the fact that privacy is becoming a larger issue, the competition isn’t too intense because there are still many avenues for companies to explore. As more companies enter, the rivalries will most likely intensify, but there are still some niches within the industry that can be exploited. After evaluating all of the factors discussed above, we believe that overall intensity of the rivalry in this industry is Low to Moderate. 64 Figure 26: Porters Five Forces Analysis 5.2.3 SWOT Analysis Strengths Our Team: The PriVideo team is made up of 4 innovative, business graduates with knowledge of technology and a huge interest in the area our service relates to. The Product concept: The concept itself is completely unique with no other company offering a similar service. This will provide us with a competitive advantage in terms of being the first mover in offering a privacy communication solution. Timeliness of the concept: Especially in Europe, companies are becoming more proactive in terms of privacy and impending new legislation will require transparency, which our product provides. Solving problems: Our solution solves both a current problem, namely companies not communicating effectively with customers and a predicted future problem, the requirement for increased explicitness and transparency. 65 Our Partnerships and Contacts: So far, we are in contact with a number of different solicitors who would recommend our service. We also have a privacy consultant on board who could do the same for us. Weaknesses: Lack of Technical Expertise: While we all have some technical knowledge, none of us are experts. Given that our product is a technical solution, we will need to utilise a developer who we have been in contact with already. Lack of Legal Expertise: Again, we all have knowledge of the law pertaining to privacy and data protection but none of our team are experts in the field. For this reason, we have begun developing relationships with a number of data protection solicitors. Capital: In order to launch this service, we need to meet various funding requirements and invest our own capital. Competing against brands: The few companies currently operating in the industry are large global companies. These are companies who have already established their brand. As a new start-up we must develop a strategy to carve out our own brand. Imitability of the concept: In the initial stages of launching the product, we do bare the risk of someone copying the concept. We can copyright some elements of our service as discussed in the IP section. This will give us some element of protection but we must also have a successful launch and quickly develop our brand to reduce its imitability. Opportunities Concept Applicability across industries: Given the nature of our offering, it can be sold to companies in almost every industry as most companies collect some sort of data or information. This provides us with a great opportunity to branch out across varies industries in a short space of time. Concept Applicability in different domains: Our concept of educating users on privacy issues can be applied to educate users on other issues like terms and conditions for example. Furthermore, there is great scope within privacy itself to offer tailored videos to a company and detailed videos on different issues. Furthermore, we could explore the concept of creating videos to educate employees on their own data protection on information, such as employer internet surveillance. 66 Developing Strong Partnerships: We have already developed a number of mutually beneficial relationships, which can help us gain customers and vice versa. We plan to eventually develop a privacy network through which we can refer customers to not only solicitors but software vendors for example. Global potential of concept: Privacy is a global issue and while our initial customers will be based on our relationships, we have already spoke to some Multinational companies and believe that we can attract companies from around the world once we start honing our brand. This in turn can impact our relationships by developing relationships with solicitors in other countries for example. B2C Potential: Currently, our offering is completely targeted at companies but we also consider the information and education needs of their customers with regards to privacy. In the future, we could potentially branch into offering the service to customers by allowing them to generate an automated video detailing what information is collected on them based on the online services they use. Threats Balancing level of automation and customisation: Our most basic offering will be completely automated utilising a library of pre-made animation clips. However, as customers desire some customisation starting with small changes such as manual voiceover, this requires more time and effort from our team. It’s important for us to attract customers looking for both automatic and customised products, but we need to be able to produce the customised versions without straining our resources. If we don’t maintain a balance, we may experience a backlog. Large companies producing their own video: Many large companies already have the resources to create their own video, which could potentially hinder the growth of our offering. We are however, targeting SMEs as well as global companies and believe we will overcome this by carving out a brand, which is recognised by companies and their users. Dependence on Partners: As mentioned above, we are currently developing a number of mutually beneficial relationships. These relationships enable us to broaden what we offer to our customers. We must however continually develop our own solutions and skills so as to not become too dependent on our relationships. 67 Strengths Weaknesses - Our team - Product concept - Timeliness of offering - Patnerships and relationships - Solves a problem - Lack of technical expertise - Lack of legal expertise - Established Competitors - Concept imitability - Capital required Opportunities Threats - Across industry applicability - Across domain applicability - Global potential - B2C potential - Developing strong partnerships - Balancing automiation and customisation - Large companies producing own videos - Dependence on partners Figure 27: SWOT Analysis 68 5.3 Competitors In order to understand and ascertain our potential position in the privacy solutions market, we had to analyse the market to develop an understanding of who our competitors are, what services they offer and how we could build our differentiation strategy based on our offering. We have divided our competitors into direct competitors, indirect competitors and other. 5.3.1 Direct Competitors While there are no companies currently offering our service, we must consider numerous direct competitors, which are companies offering privacy solutions. TRUSTe is one of the leading global Data Privacy Management companies and is based in the United States with a European headquarters in London. For over a decade, the company has been enabling businesses to safely collect and use customer data through many platforms including web, mobile, cloud and advertising channels. Their core offering is a website reviewer service based on their privacy guidelines, which award websites that are deemed safe with the TRUSTe seal of approval. They also offers services aimed at both B2B and B2C markets, including providing information about general privacy, children’s privacy, trusted apps and trusted advertisements. Their strengths lie in their experience and established brand name and the relationships they have developed with large multinational companies such as Disney, Apple and eBay. One weakness for TRUSTe is the fact that some of their offerings are free and frequently downloaded, while their more premium products are often overlooked. As well as TRUSTe there are numerous other trust seals operating online. These include Verisign secured, Norton secured, MCAfee secure and Merchant secure. While these sites provide a privacy solution, users are often confused by third party seals as it may not be clear how the companies achieved the seal of approval. PriVideo alleviates privacy concerns by educating the users on the privacy policy of the company they are interested in. WOT: Web of Trust is a crowd-sourced website reputation rating and review tool, set up in Finland in 2005. The website’s core offering is the WOT add-on, which can be used with numerous different browsers. The WOT tool offers a service which displays a traffic light style WOT reputation ranking beside website links. This enables users to see which sites are safe and have a good reputation and which sites should be avoided. The WOT service 69 ranks websites based on trustworthiness, vendor reliability, child safety and privacy. The core strength of this service is the fact it gives users the ability to hover over a link and see the sites rating before they proceed onto the webpage. Furthermore, the ratings are based on the opinions of other Internet users thus, increasing the sense of trust. However, the need to download plug in to use the service could be seen as a weakness as individuals are becoming increasingly cautious over what they download. An additional service offered by WOT is reputation data, this offers information on companies and deems whether the companies abuse privacy or not. PriVideo goes beyond ranking websites and seeks to empower and educate the user. The companies which use the PriVideo service are proactively promoting privacy. Ranking sites don’t include company input. PrivacyBird: Privacy Bird was set up in the United States in 2006 and is still currently in beta. The core offering of the site involves taking the privacy policy of a company based on the P3P XML requirements and converting it into machine readable format. Users that use a P3P agent can customise their preferences and receive traffic light feedback on the websites they visit. The core strength of this concept is the control and feedback afforded to Internet users. Nevertheless, the website is still in beta and as this lack of progress can be seen as a weakness. Our offering does not require the user to download any software in order to view the privacy policy video. We also go beyond simply informing users on what information is collected, by enabling users to understand the whole privacy policy in a simplified manner. 5.3.2 Indirect Competitors As well as direct competitors, PriVideo must consider number of indirect competitors as outlined below. Vstream was setup in Dublin in 2008 and currently has offices in Dublin and London. The company specialises in creating videos for companies for purposes such as, marketing and training. The company could also potentially create any type of video and could in theory create privacy based videos if the customer demand was identified. One of VStream’s strengths is the relationships they have already built with companies such as Cadbury, Jameson and Aviva. A weakness of VStream is that the company does not have any staff with privacy experience or knowledge. PriVideo works solely in the privacy arena and can therefore, encompass our experience and expertise into the service. Developing recognisable characters and icons will also help build up awareness of the service. 70 Common Sense Media was set up in 2003 and currently has offices in San Francisco, New York, Los Angles and Washington. The company rates media based on age appropriateness and learning potential. The ratings are presented in icons, similar to traffic lights. The ON symbol is green and relates to age appropriate media, the PAUSE symbol is yellow and states that the material is somewhat edgy for that age. The OFF symbol is orange and states that the material is not age appropriate. There is also a NOT FOR KIDS symbol which is grey and not appropriate for kids any age. Each media item is reviewed with considerations given to areas such as Educational value, Positive messages, Violence and scariness, Language and Online privacy and safety. Each of these areas is represented by a symbol and by toggling the age of the potential viewer, the website informs the viewer of the age appropriateness of the item. Common sense media’s strengths lie in the company’s ability to utilise icons and symbols and coloured ratings to protect children. A weakness in terms of viable revenue is the fact that, the site is directed towards end users and not companies. The site relies on donations to function. While Common sense media is not a direct competitor, this site demonstrates the use and benefits of using icons to convey data in online privacy and security. PriVideo’s core aim is turning privacy policies into an animated video representation but Common Sense media’s privacy knowledge, icon usage and ability to create videos is a factor we must be aware of. VideoCrisp was set up in 2011 and is based in Dublin. The service is world's first cloud based video software, which provides users with an easy to use video creation tool. The strengths of VideoCrisp include the control the service offers users, the fact VideoCrisp allows users to create whole videos on their website and the various templates, images and audio stored in the VideoCrisp library. One weakness of VideoCrisp is the limits on audio, editing and customisation of the videos. PriVideo will allow companies as much customisation as required within the higher Tiers of our service. 5.3.3 Other Competitors Additional competitors that must be considered are large marketing companies such as iCan and One Productions, who have ties with our target customers and large multinational corporations with the ability to create their own videos such as Google and Facebook. 71 Google was founded in California, in 1998 and presently has 70 offices in 40 different countries. Google generated revenue of over $50 billion in 2012 alone. Due to its massive scope, facilities and revenue, Google is a company that could successfully target any market if the opportunity was deemed viable. Additionally, Google has created their own videos explaining various aspects of their service and thus, has the potential and facilities to create their own privacy videos. While Google’s sheer size and financial prowess can be seen as strengths, they have had spin out ideas fail and these weaknesses can dint the company financially and be a waste of manpower and time. Google may not deem the PriVideo service as one which they could master enough to be financially beneficial. Facebook was created in Harvard University, USA in 2004. With revenue of over $3 billion in 2012 and offices all over the world, Facebook like Google, has the ability to create privacy videos. While their strengths include financial prowess and global presence, a weakness of Facebook could be the negative light they have been portrayed in the media following their disregard for data protection regulation. Other companies or users may not trust Facebook. PriVideo is focused on developing a trustworthy and recognised brand. Ican is a digital media company based in Ireland since its founding in 2001. The company creates dynamic and innovative advertisements for clients such as Paddy Power, Facebook, Jameson Irish Whiskey and Setanta. With experience creating video advertisements for both television and cinema, as well as numerous other promotional advertisements, this company and others like it cannot be overlooked by PriVideo. Companies with established client bases as well as the knowledge and facilities to make videos could, in theory replicate PriVideo’s service. Ican’s strengths include its diverse offerings and client base. They have worked on both the DBS student testimonials campaign and the Bulmer’s new pear advertisement. However, Ican’s lack of experience or relationships within the privacy industry could be seen as one weakness. One Productions is a video production and marketing company which was established in 2000. The company has offices in both Dublin and Belfast and creates everything from TV advertisements to health videos, training videos, viral videos and company promotions. One of the company’s core strengths is the relationships it has built up with its clients including Guinness, General electric and Kodak. Additionally, its expertise in 72 video production is a huge strength for them. As mentioned above, the main weakness for One Productions is their lack of privacy relationships. 5.3.4 Competitors Tables Company Name Type of offering TRUSTe Privacy Seals WOT Reputation Ranking Privacy Bird P3P Agent Core Offering How PriVideo Compares TRUSTe review websites based on privacy guidelines and awards TRUSTe seal of approval if the site is deemed safe. As well as TRUSTe there are numerous additional trust seal sites that are used on websites in a bid to portray the websites safety credentials. Web of trust is a downloadable website add on that ranks the safety and security of websites using a traffic light system. The ranking is based on trustworthiness, vendor reliability, child safety and privacy. Whilst TRUSTe is an established brand PriVideo allows companies provide their own privacy communication solution. PriVideo allow companies educate their users on privacy without reference to a third party that may confuse the user. Customises the users privacy preferences and then gives users traffic light feedback about websites based on this. Figure 28: Direct Competitors Table 73 PriVideo bridges the communication gap between customers and companies. It does not advise users not to visit sites it simply empowers the user to make their own decision by providing them with the necessary information. PriVideo proactively promotes privacy. PriVideo exposes users to the companies whole privacy policies in a simplified manner not just certain areas. No download necessary with PriVideo. 5.3.5 Indirect competitors Company Name Core Offering How PriVideo Compares Video Creation for companies. Create marketing and training videos for clients. Strong relationships built with some large multinationals. Rates media Rates media productions based on number criteria including privacy and safety. Has made their own videos to explain their offering. Not animated. Educates users on aspects of certain media through icons. PriVideo specifically offers privacy policy videos. PriVideo also focuses on animation as opposed to other video production mediums. PriVideo focuses on privacy policies and turning these into animated videos. PriVideo educates users on certain companies not on privacy in general. VideoCrisp Online Video creation. Allows companies create videos on the VideoCrisp website. Users create whatever kind of video they desire. Users can draw from the VideoCrisp library for audio, themes and images. Google / Facebook Large multinational companies Whilst Google’s core offering is a search engine and advertising and Facebook’s core offering is a social media site they have the relevant financials and experience to create their own privacy policies. Access to legal expertise. ican / One Productions Advertising Digital media / Video production companies. Companies with the knowledge on how to create videos, large client bases and established brands. Video expertise. VStream Type of offering Common Sense Media: Figure 29: Indirect Competitors table 74 PriVideo has a core focus and creates videos for one reason. PriVideo also has a library but the clips in the library relate to specific aspects that are required inclusion in privacy policies. Design and market PriVideo as a reliable and relatable brand in order to stop companies with the facilities to enter into competition with PriVideo. PriVideo has a core market and at present targets one industry, the privacy industry so can build up relationships with experts and advisors in order to offer the best viable service. Animated videos. 5.3.6 PriVideo V’s Competitors The table below compares the core features of the PriVideo offering with the core features of all competitors we have considered. PriVideo Features Competitors Features Unique concept Established industry relationship One target industry Trust Seals Relationship with solicitors Traffic light system Relationship with privacy consultant Privacy solutions downloads Video Prototype Legal expertise Character - Sam Video expertise Brand to focus on Financial prowess First mover advantage Brand establishment Differentiated Strategy Proven Track records Production teams Figure 30: Concept Feature comparison 75 Section 6: Our Business Strategy & Business Model This section includes a detailed description of our business strategy, business model and revenue model, which have been developed following our extensive primary research and market and industry analysis. This section also introduces the four industries we plan to initially target, how we plan to target companies within these industries and some potential future industries we may target. 6.1 Our Business Strategy It’s important to first briefly outline our strategy for ensuring that we are market ready before discussing our business and marketing strategies in detail. We hope to launch the PriVideo service in January 2014. The steps for ensuring PriVideo is market ready are outlined below: 1. Develop our library of animated clips to cover all possible aspects of a privacy policy. 2. Consult legal partners on library of developed clips 3. Build website fully and incorporate Stupeflix’s API which will complete automation based on user’s selection of clips 4. Continue developing relationships with our contacts in various companies 5. Secure funding for the project or bank loan Develop library of animated clips Check clips for compliance Develop Website Develop contacts Secure funding Role Team Members Responsible External Assistance Develop Library of clips Graham N/A Check Compliance Grace Solicitors/Privacy consultant Develop Website Arthur Web Developer (Karl Crowley) Develop Contacts Grace & Catherine N/A Secure Funding (Loan & Start up Applications) Catherine & Grace N/A Figure 31: Roles in taking product to market 76 6.1.1 Our Strategy: Background As outlined above, are many benefits associated with our product, there are also a number of challenges we as a team must overcome and a number of barriers to overcome within our industry. In order to successfully launch our product, there are two areas we see as crucial, namely carving out a brand and continually developing our competitive advantage. Brand: We’re placing great emphasis on building a strong brand in the privacy solutions industry for a number of reasons, but predominately due to the strong global brands already operating in the industry. Furthermore, we view brand as a means of reducing the imitability of our product. Our brand message and strategy is discussed below. Our competitive advantage: We believe that we have a number of advantages at present. Firstly, we believe we can benefit from first mover advantage. We are the first company to offer a solution which converts a privacy policy into an animated video. Therefore, we are the first company enabling our customers to clearly communicate and educate their customers, which can allow them to realise a number of benefits. There is also an advantage in the broad scope of our concept. We can offer this service across industries, in various contexts, in varying degrees of detail and to different audiences from customers to employees. We plan to take advantage of this broad applicability by offering a range of services to meet the needs of different companies and continually branching into new areas and new add-ons to the service. This will allow us to maintain and build on our competitive advantage of being unique by striving to maintain this unique, innovative element in all of our solutions. The broad nature of our initial offering is illustrated in the scale below, which ranges from a completely automated video with the inclusion of a company name and logo to a completely customised solution which is developed in a collaborative effort with the company. Video generated automatically with automated voiceover Referral to privacy solicitor Inclusion of video for employees Manual voiceover Storyboard session to develop video customised format & characters available Figure 32: Product Customisation 77 6.1.2 Our Strategy: Differentiation The strategy we intend to pursue as defined by Porter, is a strategy of differentiation, as we will aim to differentiate ourselves from other companies based on our competitive advantage, the uniqueness of our idea, strength of our relationships and our skills. We are differentiating from companies offering other privacy solutions to the mass market. Our differentiation strategy will be of a broad focus scope, as we will aim our service at the mass market in terms of companies of all sizes, positioned in a number of different industries. To be successful in this strategy, we’re aware that we must consider the needs of the mass market that we serve. The core needs of companies across industries that collect data, which are relevant to our offering include: 1. Compliance needs: Many companies are still predominately concerned with ensuring that they comply with data protection legislation. 2. Communication needs: There is a current miscommunication between companies regarding data protection issues, which results in many problems for companies. We aim to meet both of these needs by allowing companies to check the compliance box by complying with legislation now and future proofing in preparation for the new legislation to be introduced across Europe. This will require companies to be transparent with their users about these issues. The PriVideo service allows companies to be transparent now and reap the benefits associated with this transparency. Companies Needs Compliance Communication How PriVideo meets Further offering these needs Videos are compliant Can check the company’s privacy policy for with EU legislation compliance Can develop videos which meet the expected amendments to EU legislation Allows companies to More detailed videos to improve education communicate clearly Incorporate a unique message into video that with customers about the company wants to communicate data protection Figure 33: Meeting Customers’ Needs Once we have ascertained these needs, we will then evaluate the needs of companies in different industries and the needs of companies of different sizes within these industries. For example, in the insurance industry we will target large companies like Allianz and we will also target the large number of smaller insurance brokers as these companies will be subject 78 to the same legislative requirements as the larger firms. All firms, regardless of size want to comply with legislation. Therefore, the smaller firms can avail of the more basic offerings we provide to comply and do so in a way which isn’t too costly and is extremely quick. As small firms are unlikely to have a compliance department, we can also refer them to a solicitor to draft their privacy policy or provide them with a generic, industry relevant privacy policy. Larger companies on the other hand, may also be concerned with the communication element and building trust and rapport with their customers. Therefore, these companies may want to avail of various customisation elements such as branding, unique messages or completely new characters and story to fit in with their brand image. 6.1.2 Product Timeline The development of PriVideo in line with our differentiation strategy is illustrated below. Figure 33: Product Timeline 6.1.3 Possible Exit Strategy We’re aware that we must also consider a potential exit strategy. One possible exit strategy we have considered to date, involves being bought out. This could be done by a global player 79 in the privacy solutions industry. Companies like Wot for example, offer a wide range of services to companies and may seek to obtain our offering to add to their portfolio. Alternatively, a global marketing company could also seek to buy us out. When conducting our primary research, we became aware of the fact that many large companies use marketing companies to develop all their ads both video and text ads and all our their campaigns. As our customised videos may include brand messages of the company, they will be developed following a consultation with the company’s branding department. Large marketing companies may see this as an opportunity to add a specific compliance based offering to their portfolio. In either case, we would need to ascertain whether the buyout offer was a significant enough figure and whether a buyout was the best option for the company. If we believe we have opportunities to continue to grow and expand our offering, we wouldn’t accept buyout offers. 6.2 Business Model This section outlines the various facets which when combined create the business model we plan to pursue. 6.2.1 PriVideo Mission Statement At PriVideo, we are driven by our desire to make online privacy and data protection more transparent. Our goal of transparency drives our passion to not only meet our customers’ current needs but to aid them in future proofing their business through the use of truly unique, innovative solutions. 6.2.2 Benefits Highlighted to Customers As discussed in the Customer section of our plan, we will offer different services to our customers according to the size of each enterprise. Therefore, we will approach the relationship with enterprises differently and sell the service in a different way. The core benefits of the PriVideo service which will be highlighted to our smaller customers and our larger customers are illustrated in the table below. Small to Medium Size Enterprises Low cost service Video produced in a matter of minutes Compliance with EU legislation Expert advice if required Large Enterprises Compliance with EU legislation (Current & future) Channel to communicate trust message to customers Improve brand image with customers Increase opt-in marketing by educating users Figure 34: Benefits for SME’s & Large Customers 80 6.2.3 Business Model Canvas The current status of our business model for PriVideo is best illustrated using the business model canvas developed by Alex Osterwalder. The figure below depicts how we envisage the various elements of our business model at present. We’re aware that this may change somewhat as it has already been amended a number of times throughout the process of conducting primary and secondary research. SMEs: automated service Developing Library Daragh O’Brien Crowley Solicitors Developing brand Developing contacts Stupeflix Compliance with Legislation Customised videos made as collaborative effort Speed & cost effective SMEs: Insurance, Online retail, ICT Customisation & brand incorporation Large: Insurance, Online retail, ICT & Telecoms Website Our team Videos Brand Legal & Brand departments Tier 1: Cost driven Transaction revenue from videos Tier 2-4: Value Driven – variable costs depending on customisation Additional services Updates to videos or new videos Figure 35: Business model canvas 81 Customer Segments: While our concept is applicable to the mass market in terms of companies operating online, we have chosen to segment our business model. This segmentation will allow us to understand the needs of different customers and work to best meet these needs. Different customer segments can be defined based either on their different needs, varying channels to reach them, different relationships with the company and based on the varying costs they will be charged (Osterwalder & Pigneur 2009). Based on this, we have decided to divide our customer segments based on company size, as SMEs and global customers will vary across these metrics as shown in the table below. Metrics Needs Large Customers (>250 Employees) More customised service offering Channels Directly or through Privacy consultants or solicitors Collaborative effort to develop product Vary depending on rate of customisation required Relationship with PriVideo Costs SMEs Most companies will utilise basic services offered Online Minimal interaction unless additional services required Range from basic video cost to additional costs for add ons Figure 36: Customer Segments Our two core customer segments of SMEs and Large organisations have similar needs in terms of the end product but where larger companies value customisation, smaller companies seek our quick, low costing solution. These core segments can also be broken down further in sub-segments, which will receive similar products but the content of videos will vary slightly according to industry. Large Companies sub-segments include large companies in the Insurance and financial service, telecommunications, online retail and ICT sectors. SME subsegments include small companies in the Insurance and financial service, telecommunications, online retail and ICT sectors. Value Proposition: Our value proposition varies for both of our core customer segments. For our customers who are large companies, the PriVideo value proposition is based on customisation, design and brand. On the other hand, for our smaller customers, our value proposition relates to the price and convenience of the service. Customisation, design and brand: For our larger customers, the PriVideo service will offer varying degrees of customisation ranging from altering the format of the video to 82 highlighting a specific message or a complete storyboard session with the company’s internal marketing team to generate a completely unique video. This customisation offering allows these companies to use the video as a means of communicating the trust message with their customers. Furthermore, the videos can be designed in line with the company’s brand image. Lastly, as PriVideo grows as a brand, the company can benefit from utilising a trusted service. Price and Convenience: For our smaller customers, PriVideo is an opportunity to comply with current EU data protection legislation in a way which is convenient for them, with a fully compliant video being produced in a number of minutes. Furthermore, the cost of this service is significantly lower than the cost for the company to produce a similar video themselves or hire a video production company to do so. The Value Proposition of the service which applies to both SME and Large companies is outlined below. PriVideo Proposition Compliance with EU legislation Innovative way to communicate with customers regarding data protection Benefits of transparency such as trust Figure 37: PriVideo Value Proposition Channels: There are various channels we have to consider including channels for reaching customers, channels for delivering our product, channels for raising awareness about the product and after-sales channels. Channels for Reaching Customers: We have identified and evaluated two main channels for reaching customers upon initial entry to the market. The first channel is through relationships we have already developed. We have already developed a relationship with a privacy consultant and are in the early stages of developing a relationship with two solicitor firms who specialise in data protection. These relationships have allowed us to contact a number of potential customers already and will continue to provide us with referrals to their clients. The second channel is directly contacting customers ourselves, which we have also begun to do using our own contacts from previous work experience. Upon launching the product and 83 securing a number of customers, the other channel which will open up to us is our website. This will be the main port of call for smaller companies who want to generate the video in a number of minutes. Channels for delivering our product: Again we have two core channels for delivering our product. The first channel is our website which is where customers can generate a video in a number of minutes by following our video generation process. The second channel is physical and will involve at the least interaction between the PriVideo team and the customer’s marketing department and at the most involve collaboration and a storyboard session before the video is developed manually by our team and sent on to the customer. Channels for raising awareness: Again our marketing channels are both physical and online. Online channels for generating awareness include our own website which will act as a hub of information on the service for potential customers and privacy issues in general for Internet users. Physical channels include appearances at trade shows. Channels after-sales channels: In order to offer support to customers generating an automated video, we will be available via phone or email for consultation. For customers who utilise our more customised offerings we will also be available via phone, video or email as well as in person for required consultants in order to build a rapport with them. We may also train the DPO within the organisation on the issues or all employees if required. Customer Relationships: Customer relationships are an important element of PriVideo. Our relationship with customers will vary based on what offering they avail of. Smaller Customers: Some customers will avail of our automated video offering which will limit to degree of interaction we have with the customer and make the majority of the experience self-service. We will however, offer some personal assistance if required, in the form of email or phone support to these customers: Larger Customers: The degree of customisation required will vary from customer to customer. Once a certain degree of customisation is required the customer will receive dedicated customer service from a PriVideo team member to discuss their requirements. Moving further up the customisation scale, some customers will reach a level of almost cocreation with PriVideo, which would involve a storyboard session to develop ideas and plans 84 for their video. After-sales support in terms of evaluating video metrics and training employees will also be offered. Cost Structure: Our Cost structure varies across the product Tiers we offer. On the automated video side, our focus is on offering a service which is low cost and quick and thus, operates on a low cost structure. These products carry fixed costs for PriVideo as we have developed the library of pre-made clips and have a set fee we pay Stupeflix for automating each video. On the other hand, we offer customised videos. The costs associated with these videos are variable for PriVideo depending on the level of customisation, as this impacts the time spent by our team animating and putting the video together, as well as getting the video checked for legal compliance. Cost structure in terms of the customised offering is very much value driven as the customer gains a unique video, which is representative of their brand. Revenue Streams Transaction Revenue: Each video we sell will provide us with transaction revenue. This will be our core source of revenue and will be derived from automated videos the customer can generate themselves and customised videos developed by the PriVideo team. Revenue from Add-on services: As illustrated in our Product section (Pg.15), we offer a number of additional services such as privacy policy templates for the customer’s written policy and consultation services. These services will generate revenue also. Recurring Revenue: One question we encountered was how do we get customers to come back to us? While there are enough potential customers to keep us in business we wanted to build a reputable brand. We have identified four occasions which will cause companies to return to us which are as follows: 1. Introduction of new legislation which requires changes in their privacy policy 2. Desire to purchase more detailed videos or videos on different areas such as terms and conditions 85 3. Desire to obtain market research we have conducted or to avail of metrics or monitoring services we may offer which will assess the impact of their videos on the customer’s perception of the brand, trust and understanding of privacy. 4. Supplying video metric reports to companies Key Resources: PriVideo is reliant on of a number of core resources, which can be divided as follows: Human: The PriVideo team consists of members with all skills necessary from design and marketing, to sales, finances and technical. We also have strong relationships with legal professionals and will recruit team members with sales and technical expertise. This core team is driven to make PriVideo a success. Intellectual: The PriVideo service isn’t currently offered by any company and thus needs to be protected. We plan to secure copyright protection for our characters, trademarks for our brand name and logo and copyright each video to protect our brand. Brand: Due to the potential imitability of our concept, we are placing a great deal of emphasis on carving out a brand for PriVideoThis brand will enable us to scale globally and differentiate ourselves from any potential competitors who may begin to offer a similar service. Key Activities: The activities which are imperative to taking PriVideo to market and making it a success include: Developing Relationships: We have already begun developing a number of mutually beneficial relationships with privacy solicitors, consultants and technical professionals. These relationships help us ensure that our offering isn’t just a video automation tool but an allencompassing privacy solution. Developing these relationships is a crucial step in making our service market ready as we need to have these connections to offer all services we plan to offer. Developing a Library of clips: We plan to initially target four industries and thus, need to develop a library of animated clips to cover all potential privacy policy variations. This is 86 crucial in ensuring we are market ready. After the product launch, we will continue to add to this library to meet the needs of new industries or new products we want to offer. Carving out a brand: Our brand will be our key differentiating factor. For this reason we are placing great time and effort on developing this brand. Key Partners Privacy Consultant: We have developed a relationship with a privacy consultant, Daragh O’Brien of Castlebridge Associates. This relationship is mutually beneficial as with his contacts Daragh can recommend our service to his clients. Furthermore, we may refer our clients to Daragh for advice in developing a privacy strategy for example. Privacy solicitors: Compliance is core to our offering. Therefore, it is essential for us to develop and maintain strong relationships with solicitors. These solicitors can review our initial library of clips for compliance, review each customised video individually and refer their customers to us. We can also refer customers to them for help in drafting a privacy policy. At present, we have developed a relationship with Crowley’s solicitors and have begun talks with a solicitor in the largest law firm in Ireland. Going forward, we have another potential solicitor contact in Limerick and further into the future we have some contacts in the legal profession in France. Stupeflix: We outsource the automation of our videos to a company called Stupeflix. The services they will provide us with such as storing all our clips, are core to our success. We are to a degree, dependant on Stupeflix’s automation software and server reliability and security. 87 6.3 Revenue Model This section outlines the revenue model we plan to pursue when we launch our PriVideo service. It also details our price bands for each Tier of our service and the reasoning behind each price band. It’s important to clearly establish that our revenue model is a hybrid model as we aim to generate revenue streams from a number of sources. Our core revenue source is based on a transaction revenue model, which essentially is when revenue is generated from the sale of products or services. As illustrated below, for each PriVideo animation sold the customer receives an end product of a video and we in turn receive revenue. .Figure 38: Transaction process of PriVideo 6.3.1 Product Tiers & Price Bands Other sources of revenue for PriVideo will be generated from our additional offerings such as customisation and consultation. Our various offerings are divided across Tiers with a different price band charged for each Tier, as illustrated below. 88 Service Offering Tier 1 Tier 2 Tier 4 Tier 5 €249 €1,500 €4,000 €7,000 Automatic Voiceover Video produced immediately Input of company logo Manual voiceover Privacy policy manually processed by PriVideo Referral to Privacy solicitor or consultant Custom characters created Unique video format Complementary training video for employees Service support Price Band Figure 39: Tiers with price bands The price for each Tier has been decided based on research into the pricing of similar services, the costs of developing these videos and other costs such as ensuring the legal compliance of each video. The price for each Tier is explained below. 89 Tier 1, Price €249: This Tier is the most basic PriVideo offering. The end product of an animated video, is the same as other Tiers however, the interaction between PriVideo and the customer is minimised. Videos bought using this Tier are generated automatically with the customer selecting what clips they want to include from our library of pre-made clips. Customers can also input the company name and logo to the video. The price of €249 is based on our costs for animating our library of pre-made clips, the costs associated with using Stupeflix for automation, the legal costs of checking all videos. We also considered the cost a company would incur when getting a solicitor to draft a privacy policy on their behalf which was €500-€2000 according to an interview with a solicitor from Crowley Solicitors (see Appendix A, Pg.221). Target customers: Small companies including one man operations. These companies collect data and need a cheap, quick solution. Tier 2, Price €1,500: The core differentiating factor between Tier 2 and Tier 1, is the fact that Tier 2 is not automated. This happens when the customer requests a manual voiceover as opposed to the text to speech technology used in our automatic videos. This means we need to utilise our voice actors and put the video together ourselves. The price increase accounts for the cost of voice actors (just to say the company name as they have already recorded for our pre-made clips) and the cost of the PriVideo team manually putting the video together. The cost is still within the average costs charged for drafting a privacy policy. Target customers: Small companies again with a small number of employees who prefer a voice actor on the video. Tier 3, Price €4,000: This Tier includes a referral to either a privacy consultant or privacy solicitor we have developed relationships with. Companies availing of this service want to draft a privacy policy from scratch or develop an internal strategy to for privacy. We will also offer a complementary training video for employees which will be based on the data collection practices of the company. Target companies: Larger SMEs who need or want to pay more attention to privacy Tier 4, Price €7,000: This Tier is aimed almost exclusively at large companies and involves a great deal of customisation. The video will be developed following a storyboard session with the company’s branding team. The video may include new characters, more brand elements and may have a unique message or format. Each video in this Tier will be 90 individually checked by our solicitors for compliance. This service also comes with a complementary training video for employees. This Tier therefore, accounts for the cost of animating each video from scratch and utilising a legal expert to check for compliance. Target customers: Large companies who want to benefit from communicating in a more transparent way. 6.3.2 Challenges with this revenue model There are challenges associated with utilising a revenue model which is largely dependent on transactions. These challenges include ensuring that revenue streams continually flow. As our concept is applicable to so many industries and companies, we believe that there are enough companies to keep PriVideo in business for many years. We do plan to offer additional services as listed above which would lead to customers using our service for more than a source of video. As we continue to offer more products and services, we believe we can attract new companies, as well as returning customers. Many large companies have different privacy policies for different products and countries. We could potentially service all of these policies. Other sources of recurring revenue will come in the form of updates to the video due to legislation or company changes and requests for more detailed or customised videos. 6.3.3 Revenue Sources for Year One As we can’t accurately predict what companies will avail of additional services offered in Tier 2 and 3, we’ve focused our sales predictions on anticipated Tier 1 and Tier 4 sales. Year One Customers Year One Revenue Sources 12,948 15 Tier 4 Customers Tier 4 Sales Tier 1 Customers Tier 1 Sales 115000 52 Figure 40: Year One Revenue Sources 91 As shown above, the revenue generated in Year One, despite our cautious projections is quite impressive. This increases in Years 2 & 3 based on obtaining more customers, introducing new products and servicing different departments or locations of large companies. The quarterly breakdown for Year One sales can be found on Pg. 140 and serves as an illustration on the steady, continual flow of revenue we expect to generate. 92 6.4 PriVideo’s Target Customers This section outlines in detail, the industries we have chosen to target when the PriVideo service is first launched. We will detail the reasoning behind targeting each of these industries, list some of our target customers and discuss the industries and companies we may target over the first three years of the PriVideo service. 6.4.1 Who are our customers? It’s important to note that the PriVideo service is applicable in virtually any industry. There are a number of basic elements, which can be used to evaluate whether a company could be a future customer of PriVideo as summarised in the table below. Company Attributes suitable for PriVideo Online Presence Collects data on customers/website visitors Privacy Policy available on company website EU Presence (company must comply with EU data protection legislation) Figure 41: Attributes of PriVideo’s Customers The majority of companies today have these attributes, which makes our target market quite vast. Furthermore as discussed in the Product section, the PriVideo offering includes a number of additional services or levels of customisation in order to make the service desirable to companies of all sizes. 6.4.2 What can we offer our Customers? We plan to target small to medium size enterprises with our core offering of the animated privacy policy and some additional features such as the use of generic industry privacy policies or referrals to privacy solicitors and consultants we have relationships with. We also plan to target larger global companies with a presence in Ireland, as these companies have all of the attributes listed above. Our service offering to these companies will vary slightly in that we will offer a large degree of customisation and brand incorporation into the video. The use of our privacy consultant may also be desirable to help larger companies work on their overall privacy consultant. While some of our offerings will be offered to both SMEs and large enterprises, the table below illustrates the main offerings for the varying size of companies we can target. 93 Small to Medium Size Enterprises Automated generation of video Generic industry privacy policies as a guide to work from Some customisation elements – input of company logo, manual voiceover etc Referral to privacy solicitors Training session with employees or data protection officer Large Enterprises Varying degrees of customisation from incorporation of brand, to unique characters or unique format Video developed in collaboration with branding department with storyboard session Custom videos aimed at training employees on these data protection issues Referral to privacy consultant to craft privacy strategy Training session with employees or data protection officer Figure 42: Services offered to different customers Given that we are targeting companies of all sizes and aiming to meet the needs of all companies, our potential target market is exponentially large. As shown below the number of Enterprises residing in Ireland is extremely high. This is before we account for the number of companies in the UK, which we plan to enter at the beginning of Year Two. Due to this quantity issue and the fact the privacy policies can vary significantly from industry to industry, we have decided to focus on targeting four industries initially, all of which have a large number of customers we can potentially target. 6.4.3 Our Industries 6.4.3.1 The Financial services and Insurance industry The Financial services industry is one of the largest industries in Ireland representing approximately 13.2% of total turnover in Ireland (CSO 2012). Furthermore, the Industry has 5,282 enterprises in Ireland, employing over 93,000 people (CSO 2012). This Industry therefore, provides us with a large volume of potential customers. With regard to the views of citizens, 89% of Irish people view financial information as personal (Eurobarameter 2012). Reasons for Targeting the Financial Services & Insurance Industry Over 5,800 companies in Ireland Data & Personal Information play a core role in this industry Two members of the PriVideo team have Insurance experience and contacts Legislation plays a core role in the running of these companies and thus PriVideo may appeal to many of the Enterprises Figure 43: Reasons for targeting the financial services industry This Industry also provides us with plentiful opportunities to target companies of all sizes as illustrated below. 94 Enterprise Size Micro (<10 Employees) Small (10-49 Employees) Medium (50-249 Employees) Large (250+ Employees) Total Enterprises in Industry Number of Enterprises in the Industry 4,615 510 95 62 5,282 Figure 44: Companies in the Financial Industry Source: CSO, 2012 The number of small companies in this Industry is a positive factor for PriVideo, due to the fact that data plays a central role in all of these companies’ operations. PriVideo services, such as our core offering of an animated privacy policy will enable these companies comply with current legislation and the future legislation which requires more transparency. PriVideo will allow these companies to do this in a way which is quick and costly. Target Customers within this Industry Given the size of this Industry, we have decided to break the industry into two parts and will initially target Insurance companies before quickly moving on to target financial institutions. The two core reasons for this choice are the fact we have already established contacts with Insurance companies and the content of privacy policies for financial companies will vary with them perhaps choosing to highlight different areas. The table below illustrates some of our initial target customers within this industry which is explained in further detail in our sales strategy. Company Size SME Large (250+ Employees) Initial Targets Arachas, Marsh, Willis, McCarthys Insurance Group, CFM Group, Cotter Insurance, Sheridan Insurance, Marine & General, Kinane Insurance, North County Brokers, Hastings, Prestige, O'Shea Insurance, The Brook Insurance Brokers, Acorn Brokerage, Abington Insurance, Wright Group, Barrington Insurance Allianz Ireland, Zurich, Aviva, RSA, AXA, Liberty Insurance, FBD, JLT, AON, KPMG, Ernst & Young, Deloitte & Touche. AIB PwC, AA, Campion Insurance, Chill Figure 45: Target Customers in Financial Services Industry 6.4.3.2 Telecommunications Industry The telecommunications industry in Ireland is home to many global players and contributes largely to the economy and of course provides Internet connectivity to citizens and customers in the country. The industry employs over 20,000 people in Ireland (IBEC 2011) and generates turnover exceeding €4 billion per annum (TIF 2009). 95 Reasons for Targeting the Telecommunications Industry Data & Personal Information play a core role in this industry Contacts with major companies due to our relationship with a privacy consultant Legislation plays a core role in this industry with new Cookie Directive for example We’re aware of some companies in this industry making moves to be more proactive in terms of privacy and data protection Figure 46: Reasons for Targeting Telecommunications It’s difficult to answer the number of telecommunications companies currently located in Ireland as there are no figures available on same. However, there a large number of global telecommunications companies are present in Ireland, these companies are also investing largely in Ireland with annual investments of approximately €730 million per year (TIF 2009). Target Customers within this Industry As mentioned above, due to our relationship with a privacy consultant we can directly target two of the major players in this Industry namely, O2 and Vodafone. Due to the competitiveness of this industry, it is our expectation that the majority of companies will be interested in our offering as a form of competition with other firms in the industry. Additionally, due to the number of products these companies offer, they tend to have a number of privacy policies with one representing each product. This balances the smaller number of companies in the industry by providing us with many opportunities within each company. The table below outlines our initial target customers in this Industry in Ireland, we then plan to move very quickly to targeting UK companies due to similarities in the legislation. Company Size Initial Targets SME Magnet Entertainment, Netshare Large 02, Vodafone, 3, Carphone Warehouse, Meteor, Eircom, BT Ireland, UPC, Indigio Ireland, Ireland Online, Smart Telecom, Blueface, Digiweb, Ericsson Figure 47: Target Telecommunications Customers 96 6.4.3.3 ICT Industry This industry is one of largest industries in Ireland and is home to 9 of the 10 largest global ICT companies. The industry can be divided into subsectors namely; hardware, software, support services, digital content and cloud computing (Enterprise Europe Network 2010). Reasons for Targeting the ICT Industry Over 5,400 companies in Ireland Technical nature of these companies Many of these companies are reliant on UGC and thus want to foster trust Some of these companies have been in trouble with the DPC in the past and therefore may want to redeem themselves with customers New legislation will impact these companies in terms of transparency in communicating with customers Figure 48: Reasons for Targeting ICT Target Customers within this Industry Due to the subsectors within this Industry, we have broken down our target customers based on these subsectors. It is important to note that some of these companies operate in a number of the subsectors. The majority of the companies listed below are large, established global players but we are also targeting some smaller, new up and coming companies. Our initial targets our briefly outlined below with a more detailed breakdown in our sales strategy, Pg. 139. Industry Subsector Hardware Software Digital Content Services Cloud Computing Example Targeted Companies HP, Intel, Dell SAP, Symantec, Verizon, Microsoft, Curam Software, Redwind Software, Newbay software Facebook, LinkedIn, Google, Twitter, digitgaming.com, adverts.ie, CarCompare.ie, thejournal.ie IBM, Microsoft, Norkom Technologies, Logitech, EMC Ireland Salesforce, EMC2, Cisco, Vmware, Dropbox, Etraining.ie Figure 49: Target ICT Customers 6.4.3.4 Online Retail Industry This industry includes all retail companies with a presence in Ireland, that are either based completely online or operate via a bricks and clicks business model. This means that we are essentially targeting the majority of retail companies in Ireland, as 84% of retailers in Ireland have an online presence (IBEC 2013). The online retail market in Ireland is worth 97 approximately €4.1 billion in sales and this is expected to rise to €21 billion by 2017 (Digital Hub 2011). Reasons for Targeting the Online Retail Industry Majority of retail companies have an online presence Projected growth of this industry New legislation will require companies to be more transparent and some companies are new to online so PriVideo can be an easy solution Need to inform customers: 55% of Europeans fear becoming a victim of fraud when shopping online Figure 50: Reasons for Targeting Online Retail Target Customers within this Industry Our target customers within this industry include smaller companies who we will target with our more basic packages and larger companies who are reliant on user trust and security. We have broken our initial target companies into those based purely online and those with both an online and offline presence. Companies based purely Online Large Companies: Amazon, eBay, Littlewoods, Donedeal, Gumtree, SMEs: I Love Shopping, elara.ie, Schoolbookstore.ie, Simply Be, BuyandSell.ie, micksgarage.ie, CelebBoutique, GrabOne, Textagift Bricks-and-Clicks Companies Large Companies: M&S, Dunnes Stores, Tesco, River Island, Topshop, , Tesco Ireland Superquinn, Arnotts, Irish Books direct Figure 51: Online Retail Target Customers 6.4.4 Future Targeting of Customers This section has served as a brief introduction into the four industries we plan to initially target when launching the PriVideo service. We have further plans to target more companies within these industries, as well as moving to other industries and other countries. Due to the applicability of our service across industries, it is important for us to plan in advance how and when we will target each industry in order to incorporate these expansion plans into our product development and organisation plans. A table of large companies within our four initial industries can be found in (Appendix B, Pg. 222). We have also included a table with a list of potential targets for Years Two and Three in Appendix H, (Pg. 249). As mentioned our product is extremely applicable across a range of industries. Before entering any further industries, we will attempt to ascertain what the opportunities in this industry are, potential customers and reasons why our product will succeed in this industry. 98 We are yet to decide on which industries we will enter in Year Two and Three but we plan to enter at least two further industries over these two years. The industries we are currently considering are outlined in the table below. Industry Example companies Role of data Reason for Targeting Large amount of companies operating in this industry of all sizes Considerations Online Hospitality Collect a great deal of information when customers are making bookings for example Airline Industry Financial information & other personal information is collected when booking a flight Risk of identity theft often leads to customers not using an online service. This industry is dependent on online bookings Industry known for excessive regulation involved – complicates our development process Medical Industry Medical information is considered extremely sensitive & personal Sensitivity of the information Recent breaches in the HSE & other medical institutions caused concern Due to sensitivity of information data protection is more complicated – may make video longer Great deal of information is collected from online gaming via console games or virtual games Recent Sony breach left 77 million Playstation users’ information exposed Can companies members of gaming standards association (GSA) Dental practices Public Hospitals Private Hospitals GP Practices Games Industry Figure 52: Future Industries 99 Videos in this industry more suitable to attempt to increase opt-in marketing 6.5 Risk Assessment This section focuses on outlining the core risks we face at present and the risks we are likely to face in the future. In the interest of clarity, we have broken these risks down into different areas namely; technological risks, internal risks, legal risks and external market risks. Each section includes an outline of the main risks we have identified, an explanation of why they pose a risk and our plan to mitigate each risk. 6.5.1 Technological Risks relate to all technological advances or factors which could impact PriVideo. Risk Category Factor How does it pose a risk? Mitigation strategy Technological Server Server downtime can lead We are outsourcing a lot of the Downtime to loss in revenue or storage responsibilities to Stupeflix as damage to our brand they have the server power to handle large amounts of processing simultaneously. Technological Security Data breaches are always We won’t store any financial a concern to any website. information as we use PayPal as a Given the importance of payment method. privacy to our brand, we Any PriVideo account passwords or place great emphasis for information will be encrypted within securing any information our database using hashing algorithms we do store Technological Advances in A company could invent a We were aware of this possibility and automation technology that decided that instead of developing our tools automatically generates own program, we’d outsource the video quickly automated generation of video to Stupeflix given their expertise & speed Technological Video formats Various devices can only We will have to ensure that our view certain formats videos are compatible with as many devices as possible . 100 6.5.2 Legal Risks: Given the legal nature of our offering, it’s important to be aware of how legislation could impact PriVideo as a company and a product. While clients utilising our automated offering are responsible for correct interpretation of their privacy policy in the animated version, we will ensure that any templates provided by PriVideo are legally compliant. Furthermore, any customised videos will be individual checked for compliance. Risk Category Legal Factor Data Protection legislation Amendments How does it pose a risk? Any lag in transposing these amendments into law may impact us negatively Legal Uncertainty surrounding legislation Legal Differences between legislation in different countries or continents Legal Working with companies who aren’t legally compliant Uncertainty around data protection in the past has led to companies often infringing on users’ rights. Users at times can believe they have more rights to privacy than they do If different countries introduce legislation which varies largely this could increase our development time for new library content and lead to lags This could negatively impact our brand if we are seen to develop videos for companies that don’t comply Legal Ensuring legal If our videos aren’t compliance of legally compliant that our offering could lead to legal action against our customers and us 101 Mitigation strategy While we have no control over the law, we can be prepared by keeping informed on the proposed amendments and begin preparing new content almost immediately after entering the market Each video will aim to educate users with clarity about a company’s practices. Our website will contain an information corner to educate users’ on what companies should do, we will also link to information sources provided by the DPC Be aware in advance of all current differences between countries & likely amendments being discussed Develop legal contacts in different countries who can help check new content for compliance We offer a range of services including generic privacy policies for a company to base their policy on and solicitor referrals if required. As mentioned below we ensure our offering is legally compliant but we can’t ensure that the company’s policy is compliant nor their practices Recommend customers have written policy on website too, Remain informed on all amendments All pre-made clips will be reviewed by a solicitor Customised videos will also be reviewed individually 6.5.3 Internal Risks: pertain to all factors internal to PriVideo both as a product and an organisation and how these factors may impact our performance and progression. Risk Category Internal Factor Finances How does it pose a risk? Underestimating the financial requirements of operations could adversely impact our success and lead to ultimate failure Internal Scalability The pace of video requests if too fast could led to a backlog if we aren’t prepared Internal Limitations of solution The concept is very specific and niche at present which could hinder our growth Internal Limitations of the core team Our lack of technical expertise could lead to time lags if we can’t solve a problem we encounter 102 Mitigation strategy Our current financials are based on cautious sales projections and our own investment. We will apply for funding programmes but in order to be realistic haven’t included this funding in our projections. We’ve also been thorough in estimating our costs so we believe our current projections are accurate Our Tier One videos are generated automatically based on a library of pre-made clips we will develop before launching. Many of these clips can be used in customised videos with some input from the team. We believe that completely customised videos will be rare and so we can handle the demand. However we will expand our team as we grow We need to become experts at offering video privacy policies which we believe we can do by developing a network of contacts such as solicitors. We also have a number of potential options to branch into in the near future which we believe will enable us to become dynamic We do have a relationship with a developer who we can utilise at any time. We will also hire another technical staff member in the near future 6.5.4 Market Risks: include the core risks facing PriVideo from the external environment. Risk Category External Factor Competitors How does it pose a risk? There are a small number of large global companies operating in this industry with a great deal of brand recognition and capital External Privacy attitudes of customers Our concept hinges on the fact that customers are interested and want to learn about privacy. If customers don’t show this interest by watching the video this could hinder the success of our concept especially our customised offering External Companies resistance against privacy solutions At times large companies resist privacy regulation with companies like Facebook saying it stifles innovation. This could impact the success of our offering in some industries External Role of bodies like the DPC The role of these bodies can positively or negatively impact us. If they play an active role, we could benefit from this. If they don’t play an active role in fining companies for noncompliance, the likelihood of larger companies being proactive decreases 103 Mitigation strategy As we aren’t trying to directly compete with these companies such as the privacy seals, we believe we will gain a strong position in the industry as we are targeting a niche within this market which is currently empty. We are placing great emphasis on developing a brand so we can become a competitor within this industry We conducted extensive research both primary and secondary and found that internet users are watching more video lately and large majority of our focus group & questionnaire respondents said they’d watch such a video. Going forward we will continue to research into the success of our videos in educating users in the form of competitions and may incorporate metrics to measure number of users watching the video As shown in our sales plan, we have an extensive list of companies we will contact in Year One. We are beginning by contacting companies we who are more proactive in terms of privacy. Once we have developed a strong position in the market, we believe other companies will be attracted to our service Again we can’t control the role the DPC plays in Ireland but we have been in contact with their offices and discussed the idea. We hope to develop some relationship with them were they might recommend our service to companies trying to recover from breaches Section 7: Our Marketing Strategy This section discusses all elements of our marketing strategy including; how we will develop and promote our brand and the various marketing activities we plan to engage in. 7.1 Branding We have chosen PriVideo as the brand name for our company, as it concisely represents our core offering, which involves converting privacy policies into video format. Our goal of becoming trusted specialists in the field of privacy and compliance is reliant on being able to provide sound business solutions in an increasingly stringent online environment. West et al. (2010), state that today’s corporations are surrounded by an all-seeing digital world and thus, must behave accordingly. They also assert that future brands will be expected to represent not only the product, but the company’s efforts in areas such as social responsibility. For these reasons, the PriVideo brand will represent transparency and education of users. According to West et al. (2010), the best brand strategy for B2B companies, involves developing a corporate brand and combining this brand with a number of smaller, individual brands. In the near future, we will ensure that each of our specialised services will be positioned under a distinct, separate brand but still remain within the main corporate brand. However when launching the service, we will promote PriVideo as both our corporate brand and our core offering. Going forward, the PriVideo brand will remain relevant as we will continue to specialise in the areas of privacy and video animation. The PriVideo brand name will be accompanied by our corporate slogan for our business customers, which is quite simply: ‘future proofing your business’. This combination allows us to have a brand name, which signifies our main offering and a slogan which reinforces the brand. The slogan is deliberately generic and was chosen for the reasons outlined below. Reasons for our slogan of ‘Future proofing your business’ Nicely communicates our ultimate selling proposition in a broad way Supports the development of future products and services planned for business expansion Resonates with all businesses, as every business plans ahead and looks to minimise the risks they face Memorable and concise Figure 53: Reasoning behind our slogan 104 7.1.1 Brand Logo When designing our PriVideo logo, we considered many variations of colours, fonts and shapes. The chosen font aims to signify professionalism, while a subtle reflection beneath the text illustrates the transparency of our service. Additionally, we feel that the chosen colours and the oval frame make the brand logo easy on the eye and memorable. Our specialism in video is denoted by the inclusion of a play button above the centre of our brand name, serving as the logo’s focal point. The play button is also creatively utilised at the start and end of our animated videos, in an effort to link all video content we create to our brand. We believe that the finalised PriVideo logo will allow us to develop a strong and distinctive brand image. 7.1.2 The significance of our Brand As mentioned above, while there are no companies currently offering the same solution, there are numerous successful privacy solutions companies in the market. Furthermore, our concept is, to a degree, imitable. Therefore, to compete with these global players, we must take appropriate strategic measures to capitalise on our first mover advantage and turn it into a sustainable advantage. Our competitive strengths lie in the timeliness of our innovative services, the quality of the service we provide, our developing network of industry specialists and eventually a credible reputation and strong brand. We are placing great emphasis on our brand, as our brand will, in essence reflect our identity. The PriVideo brand will serve as our biggest asset, as everything we do, the expectations we set and the quality we deliver will be projected from our brand and must be safeguarded. Figure 54: The significance of our brand 105 Another dimension of our brand, which must be considered, is public visibility. As mentioned above, while PriVideo provides solutions on a B2B level, we also consider the general public. This consideration can be linked to our desire to build a sustainable competitive advantage by becoming a reputable brand in the eyes of the user. We believe this would enhance our brand image and consequently, our selling proposition. Taking PayPal as a B2B example, we can identify the advantages of being perceived by the public as a trustworthy brand. We plan to establish the PriVideo brand in a similar light, by developing a brand which represents business integrity, transparency and consumer education. 7.1.3 Brand Equity Our brand is imperative to achieving sustained success and requires a marketing communication plan which will effectively communicate our brand to right people. The overarching aim of our marketing strategy is to engage in the activities necessary to create brand equity for PriVideo. Brand Equity is essentially a brand’s power which is derived from the recognition and goodwill the brand has earned over time. We aim to develop brand equity for PriVideo through strategic investments in a number of communication channels and market education. This development of brand equity can yield many benefits such as improving profit margins, market share and critical associations. Kotler & Pfoertsch (2006) defined the concept of brand equity as a set of assets including; brand awareness, perceived brand quality and brand associations. These constructs of brand equity can be used to describe the core objectives of our marketing communication plan. Figure 55: Brand Equity Constructs 106 Our marketing communication plan consists of a number of important channels, which we will utilise to develop the various constructs of brand equity. These channels include our website, our blog, social media, PR and Trade shows. Each channel will be utilised in line with individual objectives and our overall aim of developing brand equity. 7.2 SEO & Web Design As our website is one of the core channels for both reaching customers and creating awareness of our brand, we must consider the role of SEO and Web Design in developing brand equity. Brand Equity Constructs Brand Awareness Perceived Brand Quality Figure 56: SEO & Web Design Brand Equity 7.2.1 Why SEO? As customers can purchase our core offering on the website, this channel is essential both for securing sales and developing brand awareness. Siu (2012), states that SEO leads have a 14.6% close rate, while outbound leads such as direct mail or print advertising are as low as 1.7%. This success rate and the relevance of SEO to PriVideo, reinforces our decision to focus on online channels. Our website will also serve as a knowledge hub to inform Internet users on issues surrounding privacy, which in turn makes SEO an imperative aspect of our marketing strategy. A recent study conducted by Enquiro and Marketing Sherpa found that 64% of business customers use Search Engines when searching for business products with, 70% clicking on organic links over paid links (Proteus 2013). This evidences the importance of SEO on a B2B level. We believe that by considering various SEO best practices when designing our website, we can optimise our visibility in search queries. This visibility can increase the awareness of our brand and perceived brand quality. 7.2.2 New Age SEO 7.2.2.1 Panda Following the introduction of Google Panda in 2011, there has been more emphasis placed on high quality websites and user experience than other ranking factors. Google Panda uses machine learning to assess aspects of a website such as how the content engages and educates 107 the user, the design and overall feel of the website. These are the attributes we have considered when designing our website to increase perceived brand quality. 7.2.2.2 Web Design & Usability As our core communication channel, the design and usability of the website is imperative to developing our brand and user experience. Our brand logo is placed in the top left corner of every page and also serves as a convenient link to the home page. The overall design of the website is influenced by our brand logo, colours and the image of transparency and trust we aim to portray. For effective usability, we organised all website content into appropriate sections, each of which can be accessed using the tabs on our navigation bar. The Blog and Privacy sections will be frequently updated with fresh and diverse content. 7.2.2.3 Meta Descriptions While Meta descriptions do not influence search engine rankings, they are important in gaining click-through on results as they display a snippets of information from the webpage. We have included Meta description attributes in our HTML code to provide concise descriptions of each webpage. We made sure to employ the major keywords within the pages’ content so that these snippets display a compelling description that searchers will want to click, while also adhering to Google’s recommended sizes of 150-160 characters. 7.2.3 Traditional SEO 7.2.3.1 Crawlability - Sitemap We included an XML Sitemap file to improve our website’s crawlability. This creates easier navigation and better visibility for crawlers, allowing them to crawl our site more efficiently and based on where we’d like them to go. Our Sitemap will be kept regularly up-to-date as our website continues to grow and as new fresh content is uploaded. By immediately informing search engines about such changes and developments to our site means that our pages will be indexed quicker, benefiting the relevance and quality of our results. 7.2.3.2 Keywords & Links The written content on our website is important on many levels. When developing our website we ensured that we included keywords in our page titles, page headers and text, which are relevant to our brand. We carefully chose relevant keywords and placed them into heading and title tags as well as throughout the content on each page. We did so in the hope of increasing the visibility of our website based on the user searching for these keywords or search terms. to be triggered by user search terms. Our incorporation of keywords throughout 108 the website, is discussed further in our technical delivery section, see Pg. 171. Our site is linked to our various social media accounts such as Facebook, Twitter and YouTube, to give users access to more videos on YouTube or competitions on Facebook for example. We also aim to continually develop relationships with various specialists in the field and will link to their websites. As our brand begins to gain recognition, we believe that various reputable websites in the area of privacy will link to the PriVideo website. 7.2.3.3 Videos At present, we have included both our prototype product video and company video on our website to illustrate our product offering and to introduce our company. Furthermore, the inclusion of video content on a webpage can act as positive ranking factor in SE’s. This is due to the rich content videos can convey on a webpage, which improves the viewer’s experience when using the website. 7.3 Blogging & Public Relations Brand Equity Constructs Perceived Brand Quality Brand Awareness Figure 57: Blogging & PR Brand Equity Constructs 7.3.1 Benefits of Blogging for PriVideo Blogging provides a platform for PriVideo to discuss many current issues surrounding privacy such as new research, trends or legislation. Our website contains a blog section, which aims to educate users on these issues and provide them with a neutral source of information. The PriVideo team will contribute to the blog and we will also utilise guest bloggers in the form of privacy professionals and technical professionals, who can share their perspective on these current issues. This blog will allow us build a brand image of credibility and transparency. Public Relations is deemed as an effective way to build brand awareness and strengthen brand image (Ries and Laura Ries 2002). One of the main objectives for our blog is to incorporate an element of public relations by publishing credible content with the help of our respected industry contacts. Our other objectives for the PriVideo blog are as follows: 109 Enhance perceived brand quality and public relations by creating high quality, relevant and engaging blog content. Contribute to creating brand awareness from improved SEO performance. Generate leads for the purposes of securing sales and gathering feedback. 7.3.2 Blog Approach We will write relevant and educational content on a regular basis. We believe that due to our interest in the area of online privacy, we can develop educational, interesting blogs covering relevant issues, while displaying our brand personality. The PriVideo brand represents transparency and user education. Therefore, each blog post will be written in a manner that is easily understood, using a neutral, unbiased tone. We may also include some videos to illustrate current issues and keep readers engaged. We will also have blog posts which are tailored to our business customers. These posts will focus more on the impact of legislation on customers, the expectations of their customers and the benefits the PriVideo service can help them achieve. 7.3.3 Blog Engagement We also plan to engage users and business people alike and get them involved in conversations about privacy. We believe that the privacy issue is one that can and should be discussed by all parties operating online. This angle again relates to our brand image, which promotes transparency and the education of Internet users. We will increase engagement and participation in a number of ways including posing thought provoking questions in our blog posts. 7.3.4 Blog Promotion Our blog will be promoted predominately on our website in the following ways; the inclusion of a blog tab on the navigation bar and incorporating an RSS feed for the blog on our website’s homepage. We will also promote our blog by including links to each blog post on our social media profiles 7.3.4 Blogging & SEO The inclusion of a blog could in turn boost our SEO performance. This is due to the fact that blogging involves updating the website with new, diverse content and can improve the user’s experience on the website. Liubarets (2013) stated that the use of blogs in B2B marketing can 110 generate 67% increase in leads. In order to increase our awareness of our brand among Internet users and to increase leads among businesses, we will include calls-to-action in every blog post. The calls-to-action in our business blogs, will be aimed towards generating sales leads among potential customers. On the other hand, the calls-to-action included in our public blogs will be geared towards getting customers engaged and participating in the privacy conversation, thus increasing awareness of the PriVideo brand. 7.4 Pay-Per-Click Advertising Brand Equity Constructs Brand Awareness Figure 58: PPC Brand Equity Constructs While we intend to place a greater emphasis on SEO, we still believe that PPC advertising could be beneficial for PriVideo. Therefore, we aim to incorporate both of these online channels in our Marketing Communication Plan. 7.4.1 PPC Aims & Approach Our PPC advertising will include various Google AdWord campaigns. We believe the use of PPC supports our Search Engine Optimisation efforts of promoting brand awareness and maximising lead potential. The analytical tools offered by Google will allow us to refine our keywords, ads and aspects of our website if necessary. 7.4.2 Creating Brand Awareness using PPC 7.4.2.1 Image and Video Ad Campaigns We will utilise image and video ad campaigns to visually incorporate our brand into targeted advertising campaigns. We will design our ads in coherence with our brand logo, website design and animated videos. These image and video ads will also seek to convey the transparent and trustworthy of the PriVideo brand. These ads will be run on Google’s Display Network, which offers two types of campaigns, both of which we will explore in the in order ascertain what the most effective avenue for creating brand awareness is. 1. We will run a Keyword-targeted campaign, using cost-per-click bidding. This campaign will require careful selection of keywords pertaining to our offering such as privacy policies, for example. Google then uses these keywords to identify relevant websites in which to place our targeted image and video ads on. 111 2. We will also run a Placement-targeted campaign, using cost-per-click or cost-perimpression bidding. This campaign will allow us to specifically choose relevant websites within Google’s display network to show our image and video ads. This campaign will give us more control over the websites to show our ads but will require a lot of time to monitor the success of the campaign and make relevant changes. The websites chosen will include websites which either discuss data protection issues or sell products related to privacy. 7.4.3 Generating Leads using PPC 7.4.3.1 Text Ad Campaigns In terms of generating leads, text ad campaigns will be used to convey strong calls-to-action on Google’s Search Network. This campaign will allow us to ensure we appear in the first page of results on relevant queries. The impact of SEO on website visibility can take time, which makes text ads a great way to appear at the top of a search query immediately. Example side and top ads are shown below to illustrate how our text ads may appear. Side Ad Top Ad 7.4.3.2 Location Targeting Our Adwords campaigns will specifically target the countries we have a presence in. As outlined in our Business Strategy, we are beginning by targeting a number of industries in the Irish market. Companies in these industries are located all over the country and thus, we will target our campaign to the whole country. In line with our projected business expansion, we will expand the targeting of our Adwords campaigns to the UK at the start of Year Two and further afield as required. 7.4.4 PPC Metrics In order to successfully run the various ad campaigns discussed, we must measure the success of all elements within each campaign. As we are investing in 3 different types of ad campaigns namely; image, video and text, we must quantify the return on investment (ROI) generated from each ad type. For PriVideo, sales generated from our ads will be the main indicator of success for each campaign. However, more generic metrics such as CTR, page 112 views, bounce rate and time spent on the website are important to consider as we are attempting to build brand awareness. These metrics indicate whether we are effectively communicating our brand message and moving towards building brand equity. We will utilise Google Conversion Tracking as a means of measuring what happens after a potential customer clicks on our ad. We can therefore, ascertain what keywords result in conversion and if any elements of the website cause confusion or result in the loss of potential customers. Google Analytics will also be used for conversion reports and conversion funnel analysis. This will allow us to, not only identify our successful ads and keywords, but to identify the unprofitable ones, which we can then alter or delete. Google Analytics will also give us a deeper insight into how users navigated through our site and what pages they explored, which will give us information on what aspects our website can be redesigned refine to enhance user experience and usability. 7.5 Social Media Presence Brand Equity Constructs Brand Awareness Figure 59: Social Media Brand Equity Constructs 7.5.1 Why will PriVideo utilise social media? As mentioned, PriVideo is a B2B service which is based on meeting a need of our customers’ customers, or Internet users in general. While, most of our marketing efforts are geared towards converting leads from ads, developing the various constructs of brand equity plays a large role too. These constructs such as brand awareness must be developed among our target customers and Internet users. Social media provides us with a channel to develop awareness among Internet users and engage with them with regard to the privacy conversation. The main aim for our social media presence will thus relate to generating brand awareness among the masses. 7.5.2 How will we engage in social media? The growing prevalence of social media sites and their dependence on user generated content is a contributing factor to many users’ online privacy concerns and in some part influenced the generation of our concept. These sites such as Facebook, Twitter, Google+ and LinkedIn provide companies across all industries with opportunities to engage with customers in a way 113 which wasn’t previously possible. We will operate a PriVideo Facebook page, Twitter account and YouTube account. This will allow us to engage with customers in a number of different ways. 7.5.2.1 Facebook Page As shown in Appendix I, (Pg. 251), we recently set up a Facebook Page for the PriVideo brand. The main aim of this page is to create awareness of our brand and start a conversation about our solutions and about the issues surrounding privacy in general. The page is in the early stages of development but will be used to pose questions to users about their privacy concerns, tell them about our solution and refer to our blogs, twitter and other accounts. The main aim however, of our Facebook page will be as a source of market research. As detailed above on Pg. 45, we plan to continually refine our product and test the design aspects, the information recall and how successful our videos are at educating users. We will hold Facebook competitions, which will require the user to watch a sample video and answer some questions a short time afterwards. The user will be in with a chance to win a prize and we will create more awareness of our brand and gain invaluable insights, which can be used to further refine our product and prove the benefits we believe the product has. 7.5.2.2 Twitter Account We have also set up a Twitter Account which can also be used to promote and link users to the competitions we plan to run for market research purposes. We will also be able to enter the privacy conversation with specialists and experts in the area by following their Twitter accounts. We can also post quick short updates on privacy issues and legislation, which may be discussed in further on our blog. 7.5.2.3 YouTube Account The main purpose of our YouTube account is to embed videos into our website and Facebook account. Embedding YouTube videos will allow us to access metrics on the videos, which can be used to refine the videos. The account will also contain a number of sample videos that don’t feature on our website due the clear, clean feel we want the website to have. 7.5.2.5 Future Social Media Accounts There are a number of other social media sites we will utilise. These include LinkedIn which we will use on a more professional level to allow companies to find more information about PriVideo. We will also link our own personal LinkedIn profiles to our website to allow people to find out more about the people behind the PriVideo service. We will also set up a Google+ account and are considering Tumblr and interest focused sites such as Reddit. All of 114 our current and future social media profiles share the overarching aim of creating brand awareness for PriVideo, either among Internet users or companies who may utilise our service. 7.5.3 Linking our Social Media Efforts All of our social media profiles will be linked to each other in some way to communicate a cohesive message on behalf of the PriVideo brand. We will link to each profile from our website and will link from these profiles back to our website or blog. This will allow customers to gain information on privacy and PriVideo in a number of places. While we aim to create brand awareness using this social media presence, our brand messages will be subtle and we will focus on engaging users and educating them on privacy awareness. Furthermore, in all posts and communications we will remain honest, transparent and stay true to the elements which inspire the PriVideo offering namely; clear communication and education. 7.6 Trade Shows Brand Equity Constructs Brand Associations Brand Awareness Figure 60: Trade Shows Brand Equity Constructs 7.6.1 Developing Positive Brand Associations With regards to Brand equity, the construct of brand associations is essentially the connections made by customers when they think of a brand. At PriVideo, the core associations we want customers to make when they think of PriVideo are transparency, clarity and compliance. These associations are core to the brand message we want to portray to both potential business customers and Internet users. 7.6.2 Why Trade Shows? We will visit a number of trade shows as this is our core physical marketing channel. This presence at trade shows will allow us to work on two elements of brand equity namely; brand awareness and brand associations. Trade shows represent a promising opportunity for us to establish alliances and relationships, which can help create awareness of our brand and the positive associations we want customers to make. Trade shows can also allow us to build awareness of the PriVideo brand and create knowledge of our offerings and an interest in these offerings. 115 7.6.3 Objectives for Trade Shows We have developed three core objectives to guide how we approach trade shows as a marketing channel. These objectives all relate to the goals of creating brand awareness and positive associations and are illustrated below. Communication: Enhancing Company and product visibility, establishing strong brand awareness, educating attendees on the benefits and timeliness of our services, garnering possible press or media attention. Sales: Generating immediate and future sales or leads through face to face interactions. Strategic Growth: Learning about potential competitors, developing our network of contacts, initiating potential alliances, forming relationships with promising and potentially loyal leads. 7.6.4 Sample Trade Shows At present, we have identified three trade shows which we feel we could benefit from having a presence at. These trade shows are outlined in the table below, which includes locational details, industry information and the benefits we hope to attain from attending each. Trade Show Name Internet Expo Dublin Data Centres Ireland National Business Expo Locational Details RDS, Dublin 14th-15th Oct 2013 RDS, Dublin 5th-6th Nov 2013 RDS, Dublin March 2014 TBC Applicability Benefits Event is for suppliers of Internet P&S 2 of our targeted industries be present namely ICT & E-commerce Media coverage from Irish Times Meeting objectives with 3/4 of our targeted industries namely ICT, Telecoms & Ecommerce Direct communication with visitors can help create awareness of our brand Meeting objectives with 3/4 of our targeted industries namely Financial Services, eCommerce, ICT Will be attended by visitors including potential customers, industry players & professional experts. Exhibition will introduce some excting new solutions pertinent to data centres Unique as it brings organisation leaders together to discuss modern technologies pertaining to companies Figure 61: Sample Trade Shows 116 7.6.5 Future Presence at Trade Shows We plan to attend a number of trade shows in addition to the examples outlined above. We have apportioned a budget for each year to attend a number of trade shows both in Ireland, the UK and further afield. 7.6.6 Trade Show Requirements To maximise the brand awareness generated from attending Trade shows, we will spend a great deal of time designing all aspects of our stand, so as to portray our brand messages of transparency, communication and clarity. There are various elements of our stand to prepare for each trade show, which are as follows: - A well-designed background banner and poster, that is consistent with our brand theme - Centred projector displaying our company video and illustrating what we represent - Brochures, leaflets, business cards - Feedback forms 7.6.7. Trade Show Preparation & Budgeting Our first trade show, the Internet Expo Dublin, is expecting 3,000+ visitors. Based on the visitor’s profile, we can ascertain that approximately 50% of visitors could be interested in eCommerce & Educational Technologies, giving us a target audience of 1,500. Applying the Audience Interest Factor, we aim to attract 675 visitors (1,500 * 45% = 675), over the course of the two day event. Given that the Exhibition lasts for 16 hours we can expect to attract a maximum of 42 visitors per hour. We must ensure that we all aspects of our stand are well designed and engaging and that we are prepared to effectively meet the needs of each visitor. We believe that this preparation will enable us to effectively portray our brand messages of professionalism, transparency, compliance and clarity. Furthermore, in order to effectively prepare for each trade show, we need to accurately ascertain our cost requirements and develop a trade show budget. This budget will cover all costs required to attend trade shows and to exhibit our services and brand in an effective way. According to Red Cedar & PR Marketing (2012), the average square foot cost for exhibits is $22.32, therefore a 50 square foot exhibit would cost us $1,116, which is roughly €840. They also advise that the best way to budget for a trade show is to apportion three times the cost of the exhibit space. We have therefore, budgeted €2,500 per trade show with €840 covering the 117 exhibit space and €1,660 for other expenses. Other expenses will include travel and accommodation. We have also accounted for the costs we expect to spend when creating high quality banners, posters, brochures, leaflets and business cards. These costs are explained further in our financial projections, see Pg. 147. 118 Section 8: The PriVideo Team & Company 8.1 The PriVideo Team Our team consists of four Masters Students from varying business backgrounds, each with a huge interest in different aspects of online privacy. As digital natives, we are all aware of the degree of information collected and shared online and can appreciate both the uses of this information for companies and the concerns about the privacy of this information from the viewpoint of an Internet user. We developed PriVideo as a solution which benefits both parties operating online namely; users and companies. 8.1.1 The PriVideo Team Figure 62: Team chart Grace Kenny, CEO: Grace is currently completing an MSc in E-commerce and has previously achieved an honours Business degree. Grace has a strong interest in online privacy and has a passion for improving users’ understanding of how companies use their personal information so as to empower them to make decisions on what companies they use. Relevant Work Experience: Grace worked in Allianz as a Motor Underwriter as part of her INTRA placement. This experience not only honed Grace’s planning, creative thinking and communication skills, but the contacts Grace developed during her time in Allianz have been of great benefit for both 119 the research and testing elements of PriVideo. Contacts established in Allianz have enabled us to contact numerous targets companies in the insurance and financial sectors. Relevant Skills: Organisation & Planning, Creative Thinking, Communication skills Core roles within the PriVideo team: Developing relationships with partners such as privacy consultants and privacy solicitors. Establishing contacts within target companies. Organising and planning both PriVideo’s Business and communication strategy. Playing a part in developing PriVideo brand message and carving out brand awareness Graham O’Dowd, CMO: Upon graduating from DCU with a Bachelor degree in Marketing, Innovation & Technology, Graham began pursuing a Masters in E-commerce. Graham’s passions include design, marketing and a desire to convey information visually. He is driven to ensure that all PriVideo animations, logos and design elements are original, relatable and clearly convey meaning to viewers. Relevant Work Experience: Like Grace, Graham spent his INTRA placement working in Allianz. He was the main underwriter for Engineering and Computer policies within commercial lines. This experience helped Graham develop proficient organisation and communication skills while establishing important contacts. Relevant Skills: Drawing & Design, Visual creativity, Marketing & Communicion Core roles within the PriVideo team: Drawing all video icons by hand and designing the brand logo Lead animator of the videos Developing Marketing strategy and communication plan for achieving brand equity Assistant role in Web Design, while ensuring brand theme consistency 120 Catherine Byrne, CFO: Catherine is a Business graduate from DCU who continued her studies to undertake a Masters in E-commerce. Catherine has a big interest in the impact of the Internet on both companies and users. Catherine’s interests include both companies born on the internet and those adapting to an Internet dominated business world. Relevant Work Experience: Catherine spent her INTRA work placement working in Enterprise Ireland. Catherine worked on the team running the Enterprise Ireland, Employment Subsidy Scheme which built her knowledge of funding and investment as well as her numeracy skills. Relevant Skills: Numerical proficiency, technical understanding and awareness, Customer focus Core roles within the PriVideo team: Assistant role in animating the videos Extensive market research Honing the PriVideo concept for viability and differentiation from competitors Primary role in financial projections. Arthur Cabeli: As a French student with a Bachelor degree in Business Administration, Arthur adds a different perspective and technical viewpoint to the PriVideo team. Arthur’s interests lie mainly in developing technical solutions to meet problems including communication problems between Internet companies and their customers. Arthur strives to ensure that the PriVideo solution is as automated as possible while still producing a unique, high-quality offering each time. Relevant Work Experience: Arthur has industry experience from working as an intern analyst in Pall Mall capital in London. During this time Arthur successfully honed and developed both his numeracy adroitness and technical interest and awareness. 121 Relevant Skills: Technical proficiency & awareness, Web design, Numerical proficiency, creativity Core roles within the PriVideo team: Primary role in web design, Leading role in ascertaining the technical requirements of PriVideo Developing solutions to technical challenges Assistant role in the financial projections of PriVideo 8.1.2 Collaboration among the team to date Due to the innovativeness of our concept, we have focused on becoming a cohesive team driven to infuse creativity into all solutions we develop. We worked together from Monday to Friday from 9am – 5pm and maintained constant communication via our Facebook group, see Appendix J, (Pg. 252). This provided us with enough time to discuss all ideas and make team decisions, which we keep track of in a decision document, see Appendix K, (Pg. 253). We also developed detailed plans for each week as illustrated in Appendix L, (Pg. 254). Each team member had core roles but each role was completed with some team collaboration. Responsibilities Grace Developing Relationships with Industry contacts Developing & Testing PriVideo program Competitor and Industry Analysis Develop and Test PriVideo website Develop sales and marketing plans Develop sample blocks of animation for videos Primary research into PriVideo potential Forecast financial requirements and funding Analyse challenges & design development plan Primary Role Assistive Role 122 Graham Arthur Catherine 8.1.2 Strengths and Weaknesses of the PriVideo Team Strengths: As a team, we believe we have a number of strengths which will help us when further developing the PriVideo service. Our core strengths are summarised below. Strength Design capabilities Visual Creativity Relevance to PriVideo All icons are drawn by PriVideo team Website designed by team The premise of PriVideo is to visually & effectively convey a company’s privacy policy to its customers Experience with companies as customers PriVideo target customers are companies across many industries Business Knowledge & Awareness Technical Awareness As a new business concept we need to develop an effective revenue stream Need to conduct market and competitor analysis Developing & communicating our brand message is crucial Our website is our main means of communication Our videos are technical products delivered online We strive to automate our offering Need a program to automatically pick from our video database Need generic video script How we will develop/use this strength Continue to search for good animation tools Continue to develop and hone our characters and icons Continue to seek out new ways of designing our icons or offering Animation training course for lead animator Continue to test the effectiveness of our videos in increasing understanding, improving brand image and fostering trust Continue to seek new ways to visually convey meaning to internet users Continue to develop new ways of visually conveying different types of messages to develop our offering Work on ways to customise each video to our customer’s needs and brand Test effectiveness of each icon By working with companies in different sectors we will be more flexible to their needs as our clients Working with our partners will also give us experience in that dynamic Undertake online customer service training to ensure we offer the best customer service We will continue to develop our awareness of the privacy market by working with privacy lawyers, consultants and their clients Will continue to develop our brand message & communicate it via various online platforms Maintain awareness of new and existing competitors and their offerings Initially we will develop a database of video blocks, a website, generic script & automation programme Continue to be informed about new ways to animate, incorporate voiceover etc Continue to develop our skills by developing more videos etc. Incorporate help of our technical contacts Work with developer to build and cement or API Communicate any issues with developer and create an understandable and viable solution 123 Privacy Awareness Our product requires an understanding of the legal requirements on companies We need to be aware of end users information needs to when communicating the privacy policy visually Continue to stay informed about EU Data legislation and FTC recommendations in America Incorporate advice of our partners (privacy lawyers and consultants) Inform ourselves of the Cookie Act 2012 and Electronic Commerce Act 2000 Weaknesses: We are also aware that as a team of business students offering a technical solution we have some shortcomings. Our main weakness lie on the technical side of our offering and we have developed a solution to overcome each weakness as highlighted below. Weakness Technical: Lack of knowledge of programming language for automation programme Technical: Script for privacy policy Relevance to PriVideo Core to our concept is an automated program which takes a script of a privacy policy and converts it into a video using our video database Our product will require us to develop a generic script for the video as discussed in the technical requirements section How we will overcome this weakness Lack of deep technical understanding Lack of legal background The automated programme, script, animated video database are all technical elements of our project which need to come together to produce our PriVideo offering The concept of PriVideo is to convert a company’s privacy policy into an animated video so the legal requirements on companies must be met We are conducting extensive research into languages which can be used to make the program we desire For the purpose of this project we plan to teach ourselves some of this code Going forward we will incorporate the assistance of our technical associate Employ a developer to code the more difficult aspects of the API , whilst also learning the required maintenance skills from our technical associate. For the purpose of this project we will work to develop a generic script which we would use going forward to assess the privacy policy of the customer Due to our lack of experience writing this type of code we will have to test the script both over the course of this project and going forward We will also need to get assistance from our technical associate to hone and error proof the final script In-depth research into the Stupeflix API in which we intend to build our automation process Consolation with technical associate Working in association with developer when he is creating the code in order to understand the main elements Detailed analysis into data storage and hosting requirments Creating relationship with a privacy consultant Building relationships with privacy solicitors Studying the legislation and the proposed amendments Referring customers to privacy partners if required 124 Diversity within the team The issue of online privacy is a global one and we will target companies across industries and countries Lack of financial experience We need to ensure that we understand the financial requirements to bring our product to market and none of our team members have a strong financial background Contact global companies Hire relevant professionals to help us operate in different jurisdictions Hire US privacy consultant if and when PriVideo decide to target the US Associate with translator or country native when trying to build overseas partnerships In global companies target Irish branch first and establish contact through this medium Studying accounts Contacting companies to ensure costing’s are correct Having accounts looked over by a actuarial student with maths and accounting prowess Backing up all our costing’s and sales predictions with contacts 8.1.3 Training Training is a crucial element in the development of both the PriVideo team and concept. Without the team being fully equipped to deal with every aspect of the business, the business may fail to flourish. In terms of training, there are numerous areas in which the team intend to undertake training in. Graham the lead designer, will undertake some training in order to increase his proficiency in drawing the animations and training specifically on the software needed when creating the animation videos. Arthur will undertake some training with the hired developer to improve his knowledge of coding and also to learn and understand the vital technical aspects of the PriVideo service. Grace and Catherine will both undertake some training in relation to customer service and sales. This training will include online webinars and customer service guides. Graham and Catherine recently secured the Hubspot inbound marketing certificate and will utilise these skills in relation to PriVideo’s inbound marketing strategy. The chart below illustrates the many important aspects of PriVideo and our current skill level. 125 Aspects of PriVideo 4 Importance to PriVideo's Offering 3.5 Relationship with partners 3 Animation & Design Brand Awareness 2.5 Privacy Understading Video builder 2 1.5 1 Website design 0.5 0 0 0.5 1 1.5 2 2.5 3 Our current skill level Figure 63: PriVideo Team Skill chart 126 3.5 4 4.5 5 8.2 IP, Trademark and Copyright We’re aware that our concept, while unique and innovative, is, to some degree imitable. For this reason we are placing a great deal of emphasis and time on carving out reputable brand for the company. As another way of protecting our concept, we will also get all the IP protection we can. In order to ascertain what protection we could get, we consulted with the Irish Patents Office. Further details from this consultation can be found in Appendix A, (Pg. 211). 8.2.1 Protecting our Concept to date While we cannot patent the process of converting a privacy policy into an animated video, there are a number of elements within our company which we can patent. This will help us in carving out a reputable brand. To date, we have used a number of safety measures to protect our idea. Firstly, we didn’t speak to some companies who would have the capability to produce such a video, as a precaution measure. We did however, speak to some companies we had trusted contacts in and ensured they signed an NDA (A copy of which can be found in Appendix M, Pg. 256). We also signed a partnership agreement among ourselves and exercised caution when conducting all primary research. 8.2.1.1 Trademarks Following our consultation with the IPO, it became apparent that we could trademark a number of the names associated with the PriVideo brand. These trademarks include the PriVideo name itself and characters used in our video such as Sam. As a start-up, we were advised by the IPO, to use the TM symbol each time we wrote PriVideo as a sign of the emphasis placed on the name. He said we could then trademark the brand once we are market ready. 8.2.1.2 Copyright We can copyright all characters and symbols we hand draw, including Sam, the character in our prototype video. We can also claim copyright protection on every video we produce. To date, we have done so by sending ourselves a copy of our Prototype PriVideo animations and logo by mail along with a brief description of our concept and a print out of all symbols hand drawn by the team. Using registered post will provide us with copyright protection 127 8.2.2 Protecting our concept Going Forward Upon launching the service, we will apply for a trademark for the PriVideo brand. This will be done in January 2014, with an application to the IPO which costs €70. Upon acceptance of the application, we will be required to pay a fee of €177 to gain the trademark. As shown below, the PriVideo name does not currently have any trademarks as of the 23rd July 2013. In Year two, we will apply for a trademark covering all of Europe which will cost €900. 8.2.2.1Domain Name Cybersquatting is a recent phenomenon, which involves buying domain names relevant to a company and then selling them to the company for a large fee. In order to overcome this risk, we will domain names including; PriVideo.co.uk, PriVideo.com. This will help with our future expansion plans also. 8.3 Setting up PriVideo as an Operational Service As detailed above, there are a number of elements we need to work on in order to be market ready but there are also a number of legal steps we must take before launching our PriVideo service. This section will discuss these steps and outline how and when we plan to complete each step. 8.3.1 Partnership Agreement As of the 15th of July, the four members of the PriVideo team entered into a partnership together. This was done under the advice of Daragh O’Brien, a privacy consultant we developed a relationship with when the concept was first conceived in March 2013. The partnership gives each member an equal share of 25% and will require an initial investment 128 of approximately €10,000 from each member. A copy of our partnership agreement, which was proofed by a solicitor can be found in Appendix N, (Pg. 258). This agreement allows us to protect the concept while we are still developing it, after which we will then set up a Private Limited Company. It’s important to note that the partnership agreement was signed by the team members but, was not registered with the CRO as a Limited Partnership. This primary reason for this decision is due to the fact that it is not possible to transfer a registered partnership into a public limited company as the partnership must be dissolved first. We have therefore, decided to use our partnership agreement as a promise to each other and to the idea, as opposed to officially registering the partnership and going in to business as a partnership. 8.3.2 Becoming a Private Limited Company The core reasoning behind our decision to set up a public limited company was the limited liability placed on us as directors. The other advantages of becoming a Private Limited Company are detailed below. The core PriVideo team will be directors in the company, as well as holding a position as outlined above in our PriVideo team section. Limited Company Characteristics Considered a separate legal entity, company will be sued not directors – partnerships are the same legal entity as partners so partners can be sued Company continues to trade even if there are changes in partners or managers Limited liability on directors Figure 64: Company Characteristics Source: CRO, 2013 The steps involved in setting up PriVideo are as follows: 129 Reserve company name Join Fé Phráinn Scheme Yearly B1 return Complete A1 form 8.3.2.1 Step One: Company Name Registration The company name will be registered online on the Central Registration Office’s website using the CORE service (Companies Online Registration Environment). This will require us to reserve the company name costing €25. As shown below, the company name PriVideo is available as of the 23rd of July 2013. We will register the company name within the next four months while building our database of clips and developing our automated system. 8.3.2.2 Step Two: Joining the Fé Phráinn Scheme The CRO operates a Fé Phráinn Scheme, which we must join in order to incorporate the company. This streamlines the incorporation process into 5 working days. To join this 130 scheme, we must draft Memorandum and articles of association in accordance with the Companies Acts 1963-2012. The Memorandum of Association must include details on the liability of the company, which is limited in our case. Articles of Association will set out the rules under which we will regulate our business as PriVideo Solutions. These documents will be drafted on our behalf by a solicitor in January 2014, when the product is market ready. 8.3.2.3 Step Three: Form A1: Upon acceptance into the Fé Phráinn Scheme, we must complete the A1 Form. This form costs €50 when completed online and will be done in late January 2014. The company name on this form must match the company name on the Memorandum of Association drafted for the Fé Phráinn Scheme. Details included in this form are illustrated below. Form Requirements Company Name Directors Declaration that Companies Acts are complied with Purpose of the company NACE Code Registered Address PriVideo Details PriVideo Solutions Catherine Byrne, Arthur Cabeli, Grace Kenny, Graham O’Dowd Directors signatures B2B Video animation service 6209 PriVideo HQ Figure 65: Memorandum of Association 8.3.2.4 Step Four: Form B1 At the every Year end, we will have to file an annual return for a charge of €20 when done online. This will include details such as; the details of our directors, PriVideo’s registered office and any shareholder or share capital information. 8.3.2.5 Further Information We have received a lot of positive feedback in terms of our concept and have also received some interest from people who may add to our skillset and could potentially become a partner in the company. If this is to happen, we will have to inform the CRO of the new director and his/her details. This must be done within 14 days and is free when done online. Our company name will appear on a sign in our office or workplace. Our company name will also have to appear on any stationary or headed paper. This signage and stationary will be purchased in January 2014. 131 8.3.2 E- Commerce Act 2000 Table As a company operating online we must ensure that we comply with the E-Commerce Act of 2000 as outlined below. Regulation Obligation of PriVideo Electronic form not to affect legal validity or enforceability Electronic forms filled in on the PriVideo website have same legal validity as offline forms. Consumer law to apply Consumer legislation applies to online and offline transactions, so PriVideo must abide by consumer law. Contracts created through the PriVideo website between PriVideo and PriVideo customers face the same laws as offline consumer contracts. PriVideo must abide by the contracts it creates. PriVideo must supply customers with a receipt of transaction in relation to transactions that occur both on the PriVideo website and offline through contacts. Contracts Acknowledgement of receipt of electronic communications Once request enters PriVideo website for video receipt is applicable from first form of contact, regardless if the automation is outsourced to Stupeflix. Receipt is applicable once form received and thus that is time and date of receipt. All provisions of existing defamation law shall apply to all electronic communications with PriVideo, including the retention of information electronically. Time and place of dispatch and receipt of electronic communications Defamation law to apply Our returns policy if customers are not satisfied with the service Other Information Figure 66: The E-Commerce Act & PriVideo 132 8.4 Operations & Employee Plans This section outlines our operational and employment plans for the first three years of Operations. 8.4.1 Preparing for Market Launch The last four months of this year will be spent getting the PriVideo service ready for launch in January 2014. The core tasks to be completed over the course of these four months are as follows: 1. We will work with our privacy solicitors and consultant to ensure all videos we want to generate are compliant with Irish and EU Legislation as well as offering videos compliant with the proposed amendments 2. A database of animated clips will be developed to cover all of the variations of privacy policy in our 4 target industries. 3. Our website will be fully developed with the help of a developer and will include a back end database, incorporation of Stupeflix’s API and other elements discussed in technical requirements. 4. We will touch base with our current and potential new contacts and develop relationships with other privacy solicitors 5. Voiceover will be recorded for all clips These roles will be broken down as follows: Role Person(s) Responsible Work with privacy solicitors on video scripts Grace Animations done Graham Website & Back End Arthur & Karl (Developer) Building relationships Catherine & Grace Voiceover recording Catherine & Arthur Figure 67: Job Roles For these first four months, we will work from the home of a PriVideo team member. This house has is a spare room, which we will set up with our computers and other equipment. This will allow us to get the service market ready while, limiting our initial expenditure. 133 8.4.2 Year 1, Operations In January 2014, we will begin to lease a premises in Clarehall, Dublin 13. This space includes furniture and fittings, Internet and telephone lines and is located close to the M50 which is an ideal location for travelling to Dublin City Centre and other counties if required. We will continue to lease this premises in Years Two & Three. A day in the Life of the PriVideo Team As a company offering a B2B service based predominately online, the day to day running of PriVideo is extremely different to that of a company manufacturing goods for example. However, each day in PriVideo HQ could entail something different and exciting due to the number of offerings we strive to develop and our unique outlook on the world of digital privacy. In Year 1, we will be focusing on continually refining our offering, conducting tests on what works and what doesn’t, finding out what our small and large customers want, what their customers’ want and trying to figure out how we can deliver it. Therefore on any given day, the PriVideo team could be brainstorming design ideas for new videos, for new characters or working on completely new videos to be applied in different contexts. We’ll also be continuing to converse with Internet users via our various social network profiles, through our relationship with privacy professionals and the DPC. Each day or week, we will also try to reach new potential customers and deepen our relationships with current contacts and customers. 8.4.2 Years 2 & 3 As we progress into years 2 & 3, the PriVideo team will continue to seek to add to our extensive list of services. We will be aiming to expand into new countries and industries and will thus, spend more time conducting research on the market and on our own solutions. We will enlist the help of developers to develop our new solutions and marketers or salespeople to introduce future clients to these services. We see PriVideo maintaining the same creativity and hunger for educating the world while incorporating more expansion plans and strategies. 8.4.3 Employment Forecast Our projected employment plans for our first Three years in operations are outlined below. It’s important to note that these recruitment plans are based on our current strategy for expansion and our projected sales over the next three years. The company may grow at a quicker rate than anticipated, which may in turn require us to recruit more team members. 134 Job Role Website & Backend development Marketing/Sales Marketing/Sales Marketing/Sales Technical/Developer Animator Number 1 1 1 1 1 1 When Hired Immediately (Temporary) Year 2 (Permanent) Year 3 (Permanent Part-Time) Year 3 (Permanent) Year 2&3 (When required) Year 3 (Permanent) Figure 68: Employment Forecasts 135 Section 9: Sales Projections 9.1 Sales Plan This section covers our strategy for contacting potential customers, a detailed list of customers we plan to target in year 1, our contacts within these companies and our forecasted sales for our first three years of operation. 9.1.1 How will we generate sales? In Year One, we plan to actively contact our target customers, specifically small to medium sized enterprises. The primary reasoning behind this decision is to create awareness of our offering among the smaller companies within our target industries. In the Financial services and Insurance industry for example, there are over 5,000 SMEs who could utilise our service. Insurance brokers act as an intermediary between the insured and the insurance company and thus, must store and protect a vast amount of personal information. These companies must, therefore comply with the same legislation including data protection legislation, as global companies like Allianz. PriVideo’s core offering, as well as some of our additional services can enable these companies to comply in a way that is both cost effective and efficient in terms of time and communicating the message a privacy policy should. 9.1.2 Who will sell? As mentioned previously, during the months of September 2013 – December 2013, we will spend a great deal of time developing our database of clips. This covers all privacy policy variations for our four industries and developing our automated system. These roles will be completed by Graham our lead designer, Arthur our Technical lead as well as an external developer. Throughout these months, the other two members of the core team, Catherine and Grace will get in touch with all the contacts we currently have and contact a number of firms in the hope of gaining new contacts. The process of contacting each firm is illustrated below. 136 Figure 69: Process for contacting companies 137 9.1.2 Timeframe for Contacting Customers We’re aware that it would not be realistic or sustainable to contact every possible customer, so we have developed a timeframe for contacting our current contacts and gaining new contacts. Over the course of the last few months, we have already initialised the relationship with a number of our contacts. With some contacts we merely touched base while, with others with discussed the concept and their needs. In some cases, we arranged a meeting to showcase our prototype. These relationships can be strengthened and deepened almost immediately. The timeframe can be briefly explained as follows: 1. During the months of September-December, we will ensure that all current contacts have been contacted whether it is to touch base, seek a referral or discuss the concept. 2. Upon launching our service, the first 6 months will be spent ensuring all our contacts are informed about the service and converting some of these contacts into customers 3. The last six months of the year will involve contacting the larger companies we want to attract. We decided to wait until months 6-12, for two core reasons namely, we will be more advanced in using the animation software and we will have some customers which will help develop our reputation as a reputable company. Contact Timeframe 138 9.2 Industry Contact Tables Within our four target industries, there are hundreds if not thousands of potential SMEs we could contact, as well as a number of global players who could be interested in our customised offering. Therefore, it was important to develop a detailed list of the companies, albeit a list which is not 100% complete. We developed a list for each industry as a guideline of what contacts we have, the companies we will contact, when we will contact them and our progress to date (See Appendix B, Pg. 222). It’s important to note that, while we intend to target the larger organisations in the second half of the year, we will still get in touch with our contacts and commence initial communications. We will then wait until we have secured some smaller customers before pitching the service. 9.2.1 Financial and Insurance Industry Due to our experience in this industry, we have a number of contacts in various SMEs and some large companies. We also have two contacts who have agreed to introduce us to more target companies. As detailed in our strategy, initially our focus in this industry will be on Insurance companies and brokers as we’ve so many contacts in these companies. However, we will quickly move to targeting financial organisations and already have contacts within the large players in this sector. 9.2.2 Telecommunications Due to our relationship with a privacy consultant, we have many opportunities to pitch our concept to a number of global players. We also have some contacts in large companies who we have touched base with the in the hope of getting a referral. The timeline for this industry focuses on first pitching to the companies we have contacts in and then moving on to contacting other firms. 9.2.3 Online Retail Like the Financial and Services industry, this industry has a large volume of companies who could benefit from our automated offering, as well as powerful players who we can also target. There are also a wide range of companies in this area, which gives us the opportunity to touch on different sectors from clothing to books or car parts, as all of these companies have privacy policies. In terms of the larger companies, we have some contacts in these companies who we will touch base with immediately and try to pitch the product in second half of the year when we’ve gained some smaller customers. 139 9.2.4 ICT This industry is perhaps the most global industry we are targeting. As many global ICT companies have a presence in Ireland, this makes them more accessible. Furthermore, we have some contacts in these large firms. We’re aware that many of these companies have the resources themselves to develop such a video, but we’re planning to use our contacts to at the least pitch the product and gain feedback. We also hope that securing customers of varying sizes will work in our favour. 9.3 Projected Sales Our estimated sales for Year 1 are based on the companies we already have contacts in or have identified as targets in the tables see Appendix B, (Pg. 222). Given the applicability of our service across industries and company size, we’re aware that are thousands of other companies in these industries that could utilise the service. Our sales projections air on the side of caution, while incorporating the positive and constructive feedback we have already received from a number of sources in global companies as well as smaller companies. The tables below summarise our estimated sales for each Industry for Year 1. 9.3.1 Financial and Insurance Industry Sales Total Customers explicitly targeted: 74 Total Projected sales: 38 51.35% success rate Company Size SME Large Total Jan-Mar 1-3) 5 0 5 (Mth April-June(Mth 4-6) 8 0 8 July-Sept(Mth 7- Oct-Dec(Mth 109) 12) 11 8 2 4 13 12 9.3.2 Telecommunications Sales Total Customers explicitly targeted: 15 Total Projected sales: 4 26.66% success rate Company Size SME Large Total Jan-Mar 1-3) 0 0 0 (Mth April-June(Mth 4-6) 0 0 0 July-Sept(Mth 7- Oct-Dec(Mth 109) 12) 0 0 1 3 1 3 *As discussed in customers section the focus in this industry in on large companies with a number of different privacy policies 140 9.3.3 Online Retail Sales Total Customers explicitly targeted: 31 Total Projected sales: 15 48.39% success rate Company Size SME Large Total Jan-Mar 1-3) 0 0 0 (Mth April-June(Mth 4-6) 3 0 3 July-Sept(Mth 7- Oct-Dec(Mth 109) 12) 5 5 1 1 6 6 9.3.4 ICT Sales Total Customers explicitly targeted: 28 Total Projected sales: 10 35.71% success rate Company Size SME Large Total Jan-Mar 1-3) 0 0 0 (Mth April-June(Mth 4-6) 2 0 2 July-Sept(Mth 7- Oct-Dec(Mth 109) 12) 4 1 2 1 6 2 9.4 Contacting Firms in the Future As discussed in our strategy, we plan to expand further into other countries and industries and thus, won’t be contacting SMEs going forward into Year 2 and beyond. As most SMEs will use our automated service, we will aim to increase the number of companies using the site through its increasing visibility in various industries. We will however, continue to contact more global companies. This will include companies we have already contacted like O2 or Allianz, as we will attempt to pitch to their branches in other countries. We will also begin targeting new global companies in our four specified industries, where we believe we will have developed a presence. We have developed a list of potential companies we will target or pitch to in Years 2 and 3 based on the four industries we already have a presence in. We will however, by the end of Year One have added to this list and also have developed a list of target companies in new industries. This table can be found in Appendix H, (Pg. 249) and is mainly for illustrative purposes to highlight our progression from contacting all potential companies to strategically targeting global players who can avail of an extremely customised service and offer us opportunities in new countries, as well as opportunities to introduce new products and services. Whilst Year One will give us the opportunity to establish relationships and build contacts, Year two will be used to exploit the relationships we forged and complete these contracts. 141 9.4.1 Future Projected Sales For Years 2 and 3, our projected sales are again cautious but also understanding of the broad applicability and great potential of our offering. We’ve based the sales projections in the table below on the following assumptions: 1. More and more SMEs in our 4 initial industries will begin using our automated service 2. Our network of contacts will grow with our solicitors and consultants continuing to recommend our service 3. More large companies begin to use the service due to the fact their competitors are using the service and the benefits they can attain 4. Our service will be in more countries and industries than in Year 1 5. We will have launched additional services be it videos for terms & conditions, more detailed videos or videos for employee training. These new services will result in new customers, with each time a package or video is sold representing one customer. So if a customer comes back in a few months for another video, they count as another customer. 6. New EU legislation will be implemented, resulting in small companies needing a cheap way of complying and large companies looking to take advantage of communicating their compliance. 9.4.2 Year Two Projected Sales Company Size Financial Telecoms SME Large* Total 772 13 785 57 42** 99 Online Retail 487 17 504 ICT 254 8 262 Additional Industry 1 84 2 86 *Large is a company with 250 people 1 customer can = 1 branch of a global company **Due to number of privacy policies & similar products each company has 1 customer = 1 video 9.4.3 Year Three Projected Sales Company Size SME Large Total Financial Telecoms 390 22 412 46 79 125 Online Retail 653 67 720 142 ICT 366 25 391 Additional Industry 1 241 38 279 Additional Industry 2 179 9 188 Section 10: Financial Projections At PriVideo, we understand the importance of sales and financing, especially for a start-up company like ourselves. In the following section, we will describe what we believe is required to set up PriVideo, as well as costs the associated with running the business for the first three years. Some of the costs and figures we have used in this report are estimations based on the information currently available and may change due to unforeseen circumstances. We believe this section gives an realistic and accurate insight into PriVideo for the first three years of business. Financial Assumptions Our financial forecasts are based on our assumptions of growth and losses for PriVideo in the first three years. We estimate to start to turn a profit after in our second year. The accounts are prepared in line with accounting standards. To start up, we estimate PriVideo will need €100,000 approximately based on our projected costs and sales. The four owners of PriVideo will work full time with paid salaries, the value of which will be increased yearly for the first three years. The company will draw from Darragh O’Brien and Crowley solicitors for advice and guidance as well as consultation for PriVideo. Our partners will be paid 5% of Tier 4 sales as they are required for consultation. 10.1: Financial Implications of our Business Strategy Year 1: In Year One, PriVideo will begin to establish itself in the privacy solutions industry. We believe our loan and team investment will enable us to successfully start our business. We predict that by the end of Year One, we will have a large amount of companies contacted and be beginning to see a rise in PriVideo sales. Year 2: PriVideo will begin to make a profit at the end of year two, owing partially to the networking and relationships the team built in Year One. 143 Year 3: PriVideo will continue to make a profit as brand awareness rises and the company continues to expand globally. 10.1.1 Key Costs of the Project Travel: The cost of attending events and travelling to trade shows is an essential part of securing PriVideo’s contracts. Due to this and for other travel PriVideo will purchase a van in year two. IP: Trademarking our name and copyrighting each of our uniquely drawn icons will be essential to reduce the imitability of PriVideo. Additional Staff: PriVideo will employ a number of developers, sales people, tech support staff and animators throughout the three year period for both part time and full time contracts (Detailed further below). Road tax: We estimate to pay road tax on our car in Year One and both the car and Van in year two and three. The tax figures are based on a calculated quote as detailed below. Car: 144 Van: 10.1.2 Cost of Sales Stupeflix: The Stupeflix monthly API is the basis of the automated versions of our service and hence will account for a large part of our cost of sales. Stupeflix will also be responsible for hosting our automatically generated videos on their site. Thus, as the amount of videos required increases so too will our monthly Stupeflix costs. Voice Actors: Voice actors that are required to record for the manually processed videos would be a substantial cost for PriVideo. Each manually generated video would have a different script in which the voice actor would have to record to meet the customer’s specifications. Animation Software: The animation software required by the animators to create the unique icons is an essential cost to the PriVideo software. The main animation software used will be Adobe After Effects and Adobe Photoshop CS6. Domain Name: The PriVideo domain name will be bought for .ie in the first year and .eu and .co.uk in the second year. This will be as the PriVideo service expands. 10.1.3 Running Costs Office Space: The PriVideo team will set up their base in the City Junction Business Park, Clarehall, Dublin 13. The four core PriVideo staff members and any additional staff will be 145 based in this office. The office will cost €500 monthly or account for €6000 annually (Daft.ie 2013). Directors Salaries: In Year One, each of the core members of the PriVideo team will be paid a salary of €20,000. In the second year this will increase slightly to €25,000 as PriVideo begin to generate more sales and build awareness as a company. Finally in Year Three the salaries will be slightly increased again to €30,000 as the company begins to make a substantial profit. 2014 Directors salaries 2015 €80,000.00 2016 €100,000.00 €120,000.00 Detailed Wages: The PriVideo financial statements will account for numerous miscellaneous wages in addition to the director’s salaries. In the first six months, PriVideo will hire a developer to ensure the product is launched on time and the relevant team members are trained on the technical aspects of the PriVideo service. In the second year, PriVideo will hire a salesperson and support staff to help with the increasing level of sales. Additionally, a developer will be hired when required. In the third year, PriVideo will hire an extra part time salesperson and an animator to ensure the company can keep up with the manual video orders. A developer will also be utilised in the third year at various stages. Miscellaneous Wages 2014 Developer in first 6 months 2015 2016 €25,000.00 €25,000.00 €3,000.00 Salesperson €12,500.00 Part-Time Sales Person €25,000.00 Support Staff €28,000.00 Animator Developer as required Total €25,000.00 €3,000.00 €5,000.00 €10,000.00 €55,000.00 €100,500.00 10.1.4 General Administration and Marketing The table below details the stationary costs and costs of registering the business that PriVideo will incur. 146 2014 2015 2016 Business Stationary & Signage €1,200.00 €400.00 €400.00 Registering company name €25.00 €0.00 €0.00 A1 form for setting up company €50.00 €0.00 €0.00 B1 €20.00 €20.00 €20.00 Marketing: PriVideo will face numerous different marketing costs, as outlined below. This table includes the cost of getting business cards, brochures, flyers and posters printed (Vistaprint 2013). We have also apportioned part of the marketing budget to PPC marketing and Tradeshows as detailed in the company’s marketing strategy. Market research and branding the car and van PriVideo will use is also considered in the Marketing costs. Marketing Costs 2014 2015 2016 €89.98 €99.98 €132.98 €184.99 €418.49 €529.49 Flyers €27.23 €35.73 €44.73 Posters €184.99 €433.99 €433.99 Business Cards Brochure PPC €5,000.00 Tradeshows & Assoc Costs €7,500.00 €16,000.00 €25,000.00 Car promotions Market Research Marketing budget €73.99 €9,000.00 €12,000.00 €147.99 €0.00 €10,000 €16,000.00 €23,000.00 €23,061.18 €42,136.18 €61,141.19 10.2 PriVideo Required Funding In order to successfully enter and compete in the market, we’re aware that we need to raise the capital needed to set up the company. Following an extensive review of all our costs, we ascertained two core sources of funding that could help cover the start up and running costs of PriVideo. These funding sources are outlined below in terms of monetary amount of each and when we hope to secure them. 147 Funding Source Monetary Amount Date Secured Director Investment €10,000 each = €40,000 September 2013 Bank Loan €60,000 January 2014 Total Capital Requirements: €100,000 January 2014 Initial Team Investment: Each member of the team invested €10,000 into PriVideo in return for 25% share in the company. This initial capital will enable us to essentially get the product market ready, by animating all of the clips which will feature in our initial database and fully developing our website and user interface for creating automated videos. This capital will also cover the costs in buying technical equipment and software to produce the animations, paying a voice actor to record the voiceover for these clips and paying our developer to complete the website and incorporate the Stupeflix API into our website. The technical requirements are discussed further on Pg. 174. Bank Loan: We will need to acquire a bank loan in order to continue operating throughout Year One and into Year Two, while making a loss. We plan to secure a €60,000 small business loan from Bank of Ireland in January 2014. The interest rate on the loan would be approximately 6.74% and the loan will be repaid over the course of three years. Funding Scheme: We have completed our 3 year projections without accounting for funding from incubator or accelerator programmes. However after research on the various schemes available, we have identified two programs which we will endeavour to apply for in our first year of business. Ryan Academy’s Propeller Venture Accelerator programme: Applications for this programme usually begin in September every year with the programme beginning every year in January and running for approximately 3 months. Wayra start-up academy: The Wayra program has two calls for applications, in January and again in May. The scheme participants are chosen in September and the Wayra programme runs for between 6-12 months depending on the individual project. The benefits of these programs are illustrated in the table below: 148 Fund Funding Ryan Academy Propeller Venture Accelerator Program €30,000 Wayra StartUp Academy €30,000-€70,000. Depending on project and requirements Other Core elements Stake in funding Mentorship Investor Day Free Office Space Marketing advice Sales Advice Legal guidance I.P. advice Accounting guidance 7.5% equity stake Project management support Legal advice Training courses Tech support Work space Mentors Access to possible partners Dependent on amount of funding and in agreement with team. We have based our financial projections on a number of assumptions. Firstly, our projections are based on securing a bank loan and the initial team investment. As mentioned above, our capital may be increased if we are successfully accepted onto one of the accelerator programmes detailed. Furthermore, our projected sales for Year One are largely based on the feedback we have received to date on the concept and the gap in the market for this service. For Year Two & Three, we have based our sales on the introduction of more stringent data protection legislation and our expansion into different industries and countries. 10.3 Projected Sales and Profit and Loss Account We have developed our profit and loss accounts for our first three years of operations namely; 2014, 2015 and 2016 below. We have also included a monthly profit and loss account for our first year trading see Appendix O, (Pg. 261). In order to accurately develop our Profit and Loss Account for Year One, we needed to establish the costs we would incur in producing our offering and making it available for sale. Our cost of goods considers the many costs associated with developing our offering. Costs incurred as mentioned above include; Animation software such as Adobe After Effects and 149 Adobe Professional CS6, the cost of acquiring our Domain Name, website and server hosting, voice Actors and the costs paid to Stupeflix. Additional expenses we will incur over the year include wages, insurance, travel and costs of legally establishing the company. Our reasoning behind our sales projections is detailed in our sales plan, see Pg. 140. It’s important to note that all projections are extremely cautious and based our discussions with these companies, further contacts we will utilise and the need for our product. We have predicted sales based on our automatic service (Tier 1) and our most customised service (Tier 4) which is aimed at large companies. We have not factored in the additional income generated from Tiers 2 & 3 as it is too difficult to estimate what extra services our SME clients will avail of. 10.3.1 Year One Sales Package Number of Customers Sales in Monetary (Vat Inclusive) Tier 4 (Customised) 15 €105,000 Tier 1 (Automated Video) 52 €12,948 Terms €117,948 Total Sales: For Year One, this leaves PriVideo with a net loss of -€86,974.12 which accounts for a €22,080.50 repayment of our €60,000 loan. 10.3.2 Year Two In our second year, we predict a large increase in sales. Again, the reasons behind this prediction are discussed in detail in our sales plan on Pg. 142. These reasons in brief are as follows: 1. We will finalise sales with companies contacted towards the end of Year One 2. The impact of our marketing campaigns 3. Our expansion to different industries and countries 4. The impending amendments to EU legislation 5. Our brand will be more recognised 150 Sales Package Number of Customers Sales in Monetary (Vat Inclusive) Tier 4 (Customised) 82 €574,000 Tier 1 (Automated Video) 1,654 €411,846 Terms €985,846 Total Sales: We estimated to turn a profit in Year Two, despite incurring a number of expenses including increased legal expenses. With each Tier 4 video we sell, the product will need to be individually checked by one of our solicitors to ensure compliance with data protection. In these cases, the solicitor receives a 5% of the sale. Furthermore, as we generate more clips for our database of automated videos, these will need to also be checked and will have a set fee based on the bulk of new clips. Other costs incurred in Year Two include; the purchase of a PriVideo van to visit clients, attend Trade shows etc. Our estimated net profit will be €387,646.05 this includes a further €22,080.50 is repaid back of the €60,000 loan. 10.3.3 Year Three: In our third year, we estimate our sales to increase again. This assumption is based on the fact that PriVideo will be operating successfully in Ireland for a third year, while also having a presence in other countries. Furthermore, due to the broad applicability of PriVideo across industries, the service may be offered to a large number of industries by Year Three. Furthermore, the results of the amendments to EU legislation will be seen more. Sales Package Number of Customers Sales in Monetary (Vat Inclusive) Tier 4 (Customised) 240 €1,680,000 Tier 1 (Automated Video) 1,875 €466,875 Terms €2,146,875 Total Sales: We predict net profit in our third year to be €1,055,667.94. This figure accounts for a €22,080.50 repayment of the loan in year 3, clearing the debt completely. Within our Profit estimations for Years Two and Three we have accounted for the payment of corporation tax. The profits for year two and three also account for corporation tax of 12.5%. 151 Corporation tax is charged on profits over €40,000 and thus paid in year two and three. The figures for sales are exclusive of VAT in the profit and loss account. VAT is charged at 23%. The monthly break down of the profit and loss portrays PriVideo’s expenses and sales in the first year on a month by month basis. This shows how we will steadily establish ourselves in the market. Some aspects of our cost of goods available for sale, are paid in full in January making it an expensive month for the company. The general expenses are divided over the twelve months of the year. 10.4 Cash Flow The yearly cash flow statement provides a detailed view of the inflows and outflows of cash and cash equivalents in the business. It enables the cash position of PriVideo to be established at any given point in time by determining the difference between cash received and cash paid out. It also provides information on sales and expenditure. The cash flow provides information on depreciation (Van & Car), tax paid (VAT ), purchase of fixed assets (Van - year two) the owner's initial investment (€20,000, or €5,000 per owner) the change in bank loan and finally details the cash and cash equivalents carried forward for each year (as depicted below). 2014 Cash and Cash Equivalents Carried Forward -€11,974.12 2015 €395,986.94 2016 €1,518,344.45 10.5 Balance Sheet The Balance sheet for PriVideo clearly shows the company’s assets and liabilities for our first three years’ operating. Due to technical nature of the service, the company does not own a large amount of fixed assets. Our storage requirements are covered both by our own server and by Stupeflix who house all of our animated widgets reducing the storage requirements and costs of our own server. In the first year, the PriVideo team will have access to one of the team member’s cars (Ford Fiesta). Then in the second year, PriVideo will purchase a Volkswagen Caddy Van, this van will be added to our fixed assets on the balance sheet. The other main feature in the fixed assets area of the balance sheet will be the computer hardware and software required by the 152 management team. These items will be bought new in year on from the tech budget so they will not face depreciation in the first three years. The company’s liabilities include expenses involved in providing the service, wages, taxes and repayment of the loan. When calculating the balance sheet we used the Assets = Liabilities + Shareholders' Equity formula. We also added in the initial investment made by the management team in order to provide a holistic view of the company thus, enabling us to calculate the total owner's equity and total liabilities & equity for the three years detailed below. 2014 2015 2016 Total Current Assets €5,000.00 €416,049.94 €1,547,149.57 Total Owner's Equity -€46,974.12 €340,671.93 €1,396,339.87 €5,000.00 €416,049.94 €1,547,149.57 Total Liabilities & Equity 10.5.1 Projected Three year Sales: €2,500,000 €2,000,000 €1,500,000 €1,000,000 Sales €500,000 €0 2014 2015 Yearly Sales 153 2016 10.5.2 Projected Three year Profits: Profits €1,200,000.00 €1,000,000.00 €800,000.00 2014 €600,000.00 2015 €400,000.00 2016 €200,000.00 €0.00 2014 2015 2016 -€200,000.00 10.5.3 Projected Sales and Profits Yearly Sales and Profit €2,500,000.00 €2,000,000.00 €1,500,000.00 €1,000,000.00 €500,000.00 €0.00 -€500,000.00 2014 2015 Profits 154 Sales 2016 10.6 Breakeven Analysis We have calculated the breakeven point for Tier One sales in Year One. We used Tier One in the analysis as this is our most basic offering and serves as an illustration of the success we need to have with SMEs if we fail to secure any large contracts. This figure is based on taking the fixed costs associated with developing our library of clips and the charges paid to Stupeflix. Fixed costs associated with Tier One sales are €18,551.54 with each sale generating €249 in revenue. To breakeven selling only Tier One products, PriVideo would need to sell 75 Tier One videos. 10.7 Exit Strategy The following exit strategy is available to investors of PriVideo for consideration. The terms below have been agreed to by all parties vested in the company: Any shareholder may sell their shares to any party but must offer first refusal of their shares to their fellow shareholders and all parties must be in agreement. If another company, in the field of privacy solutions or otherwise, wishes to buy PriVideo all members of the team must be in agreement in order to sell the company outright. If all shareholders are not in agreement an outright sale is not permitted. All shareholders could exit at this point with a potential profit. 155 10.8 Profit and Loss Account 156 10.9 Three year Cash Flow Account 157 10.10 Three year balance sheet 158 Section 11: The Technical Side of PriVideo This section of the report details all elements which when combined make the technical side of PriVideo. This includes how the service will work, the Prototype we have developed thus far, future technical requirements and challenges we will face going forward. 11.1 Section Overview Before discussing the various elements of our technical delivery for PriVideo, it is important to establish what the PriVideo concept is in broad, technical terms. The PriVideo system essentially aims to provide a B2B service which generates video representations of privacy policies on demand for affordable prices. This is briefly outlined below. PriVideo Concept User with Privacy Policy PriVideo System Video Figure 70: The PriVideo Concept The technical section of this report includes a detailed analysis of the PriVideo system. This system is supported by two deliverables namely a website and an animated video. This section also outlines the processes, architecture, requirements, technical challenges and benefits of these deliverables, as they provide tangible representations of both ends of the system. The website represents the system’s entry point, as it hosts a mock-up of the interface, where the user interacts with the system. The website also reinforces many of the aspects of PriVideo’s business strategy including the communication strategy. The animated video is a proof of our concept, as it demonstrates that it is possible to condense the totality of a privacy policy into a short animated video. This deliverable represents how the finished product or output of our technical system would look, if developed and implemented. The presence of the website, mock-up interface and video prototype ensures that all elements explained in this section easier to understand, as they provide a clear and tangible 159 representation of a possible client’s experience. The technical section starts by introducing the technical deliverables before diving into the diverse aspects of the technical concept. 11.2 Technical Deliverables, Animated Videos As mentioned above, we developed two core deliverables namely our website and prototype videos. We created two animated videos thus far. The first video conveys 02’s privacy policy whilst the second video introduces the company PriVideo and our service offering. The purpose of creating our prototype, privacy policy video was to demonstrate the effectiveness of transferring a text based policy into video format. This prototype allowed us to test our video design and various assumptions on the educational, information recall and enjoyment factors. Our aim for both videos was to incorporate high quality hand drawn icons with creatively animated scenes. 11.2.1 The Process Initially, we studied the O2 Privacy Policy in full. We then broke it down into the nine separate sections. Each of these sections essentially served as a script. For each script, we discussed our options and how best to animate them for video. Once we decided upon our scenes, we identified and listed all the individual icons that were needed to be drawn for each animated scene. We decided to hand draw each of these icons to avoid any potential copyright issues and to secure our own intellectual rights on our designs. This way, our creative designs serve as assets to our company. Upon completion of these drawings, we were able to start the animation process. In order to design, develop and produce, these animated videos we used Adobe Flash Professional (CS6), a multimedia authoring program. The use of this software required a large learning curve and led to numerous challenges, which will be discussed below. The process of creating our animated videos can illustrated by the process map below, which began with an analysis of the written privacy policy and ended with a finished animated privacy policy which serves as a prototype of our offering. 160 Figure 71: Video Creation process 11.2.1 Learning the Software One of our biggest challenges was mastering the CS6 program. It was necessary to do this before attempting to create any prototype videos. This challenge involved two dimensions: 1. Learning how to utilise all the required tools to create the individual icons for each scene 2. Learning how to animate these icons to create a complete, seamless video 1. Drawing Initially, creating the individual icons proved difficult and restrictive largely due to the fact that each icon was created using a laptop touchpad. Additionally, as these icons were to serve as intellectual property we needed to ensure a high level of quality. We therefore, invested in 161 a Computer Drawing Tablet that enabled us to sketch these icons in a more natural and expressive way, with the simplicity of a pen. We then familiarised ourselves with the CS6 program and its various tools and settings. Ultimately, we used the Pen and Brush tools as well as the pressure settings to sketch the outlines of most our icons. However, the Line tool was more appropriate for linear sketches such as buildings and mobile phones. Once the outlines of our icons were drawn, we focused our attention on colouring, shading and the tone of the icon to ensure the icons were vibrant and accurately perceived. When we were fully familiar with the program, our drawings began to take shape. We were able to do a number of things to increase the quality and value of our videos for both the viewers and our business customers. For example, we created a relatable character to represent the customers. This approach allows us to illustrate companies’ privacy policies from a third-person narrative allowing the videos to be more objective. We were also able to apply creative thinking to integrate company’s brand logo in various ways. Furthermore, we designed unique images such as a safe attached to a folder to emphasise that collected information is stored securely. 2. Animation The main requirement for creating our very first animated scene was developing on understanding of the basic principles behind the process of animation. The notion of frames, timelines and layers were relatively new terms to us, but upon learning the main functionalities of the software, we began to understand the terminology and how to start developing our animation scenes. 162 Each icon that we drew, represented one key frame and in order to create the illusion of movement, the positioning and/or dimensions of each drawing needed to differ slightly from the one before it. This is where the importance of the timeline became apparent. As icons differed from frame to frame, the timeline dictated how their sequence looked when played back in real time. This required constant playback in order to assess the animation’s flow and to make subsequent re-adjustments where necessary. Layers referred to the different levels on which we placed our drawings. As each icon represented a frame, the animated sequence of these frames represented that icon’s own distinct layer. This allowed us to compound our scenes, giving us more freedom in editing and allowing us focus on the animation of each icon separately. To ensure the best simulation of movement, we constructed our video with 24 frames per second (FPS), which is recommended as the optimal amount. As our final video length was just over 2mins, our timeline reached 124 seconds, which resulted in 2,980 frames. Considering we only drew 28 distinct icons, producing a sequence of 2,980 frames manually would not have been feasible. Luckily there were various tools provided by the CS6 software which mitigated such laborious work. The main tool we used throughout our animation was the motion tween. The motion tween allowed us to easily animate the motion of our icons for smooth transitions within and between scenes. Our only requirement was to define the beginning position and ending position of the desirable motion. The motion tween then automatically filled in the gap, saving us from having to manually define the icon’s position in every frame. As a result of 163 learning the CS6 software on the go, some aspects of the video where revisited numerous times. As we made new discoveries and our learning developed, we were constantly returning to refine elements of the video. This was in order to make better alterations in line with our newly acquired knowledge of the system. For example, we made progressive discoveries about the advantages of the motion tween such as having icons grow and shrink, move through defined paths and rotate in a 3D dimension, as illustrated below. This hugely added to the scope of our design. 164 11.3 Technical Deliverables, the PriVideo Website This section introduces the website that was developed by our team as part of our technical delivery. The section encapsulates the various factors that were considered during the development of this website and how it fits into our overall delivery. The factors considered include Goals, Content, Functionalities, Design, Performance, SEO considerations and Technical specificities. 11.3.1 Website Goals The website plays a critical role in PriVideo’s communication strategy, as it is one of the main communication channels between our team and potential customers or partners. It enables us to communicate complex and relevant information to these parties. The website was built to accomplish the following goals: To enable the PriVideo brand to develop its online presence To create a concrete platform where the concept for the PriVideo service can be showcased To promote the benefits of online data protection for both businesses and the general public These goals heavily influenced the development of each step of the PriVideo, as their various implications were taken into consideration when selecting the website’s content, style and functionalities. 11.3.2 Content In line with the website’s aim to provide relevant information to potential partners and customers, as well as the general public, is the ability for the website to build brand awareness. The content of the website has a huge impact on determining how visitors of the website view our brand. Our website contains 6 sections, all of which serve a different purpose while supporting the website’s overarching goals. These sections are: Homepage This section provides details about PriVideo’s mission, as well as informing visitors about the different goals of our animated videos. To achieve this, the page presents an introductory video of the company. The homepage also contains our video prototype; this presents an 165 example of what the video representation of the telecommunication company O2’s privacy policy would look like. Privacy Corner The Privacy Corner is a page destined to raise awareness and educate the general public about online privacy, encouraging users to care about their personal information. This page hosts links towards websites that have authority in the domains of online privacy and data protection. Blog This section will provide the website with a source of regular fresh and unique content. It will allow for various articles and comments on the current legislation, as well as debates about online privacy and news that highlights the increasing privacy concerns. The blog will also allow for stories that highlight the benefits for a company of being transparent and effectively communicating their privacy policies. Video Builder This section hosts a mock-up interface of the video generation service that is conceptualised on Pg. 14 of this report. This acts as the entry point of PriVideo’s system, where user input is captured to build a corresponding video. About us This section provides profiles of the key members of the PriVideo team, asserting each member’s specialty and providing a mechanism to contact each member through their LinkedIn profiles. Contact us This section proposes means for visitors to get in contact with the team through mail, phone, or social media networks. PriVideo is currently present on Facebook and Twitter, making the company more open and approachable. 11.3.4 Functionalities The different functionalities present on this website were implemented with the website’s goals in mind. One such functionality is linking the website to PriVideo’s social accounts such as Twitter and Facebook, to enable visitors to directly contact the team. To further improve our client relations, a Google map was implemented, offering a quick and efficient 166 way for potential partners or clients to establish PriVideo’s base and determine the feasibility of travel to the company for a meeting. To ensure efficient showcasing of PriVideo’s mission and offer, the website includes a video introduction to the company, as well as a video example of a finalised product on its homepage. These videos were hosted on YouTube due to its unmatched performance in terms of loading speed as well as the service being free. 11.3.5 Design The design of the website aims to make PriVideo appealing to professional cliental. Through the website, we also aim to reinforce the content on the website by conveying trustworthy and appealing image. The design was conceptualised with the website’s specific goals and characteristics in mind, such as the relatively low amount of content and pages compared to the average corporate website. The design of the website focused on the main elements including the colour scheme, layout, navigation, templates and frameworks employed as well as the future design challenges. 11.3.5.1 Colour scheme The colour scheme comprises of 3 main colours. The first one is teal, our staple brand colour and is consistently present across our logo, video and website. The second and third colours were selected to reinforce and complement our primary colour. The pale beige and white are both light enough to ensure black text can be clearly read over them. Beige is also used to highlight certain elements that complement the text including the buttons on the navigation and top bar. While the white serves as a background for our main pieces of text and content. Teal Colour Code #315A5E Beige Colour Code #D2D2B6 White Colour Code #FFFFF 11.3.5.2 Layout & Navigation As our website only consists of 6 sections, we decided to implement a minimalist navigation bar on the top of each section, to the right of the logo. The role of this bar is to occupy space, 167 while acting as an additional link back to the homepage. The navigation bar does not have any dropdown menu; all the links are visible from the outset. As shown below the layout of the page is clean, it has a minimal amount of embellishments and conveys an air of professionalism similar to that of a solicitor’s website. It’s width of 800 pixels will fit most laptops and desktops; this version of the site does not currently support devices with resolutions under 800x600 pixels. 11.3.5.3 Templates and frameworks Connect template The design of the navigation bar and the page structure were both inspired by an online template found at the following address: http://www.templatemo.com/templ ates/templatemo_368_connect/ This template was merely used as a source of inspiration, as our team modified and implemented the specific elements of the template, which we felt best fit the needs of the PriVideo website. 11.3.5.4 Bootstrap Framework Additionally, specific elements of the website were implemented using the Bootstrap framework. This allowed us to support additional features and implement design aspects that we would not have been able to do by ourselves. Amongst other things, bootstrap enabled the implementation of a login menu and an image carousel. Image Source: twitter.github.io/bootstrap/ 168 11.3.6 Future design Challenges 11.3.6.1 Scaling with content The design of our website needs be capable of coping with the addition of new features and content, especially on the blogs section. This sections needs to cope with the increase in the number of blog posts over time and include a sub navigation bar that can scale a variety of different topics and dates. We also plan to implement breadcrumbs on the blog section, using the Bootstrap framework, to help visitors find their way back to previous sections when browsing blog posts. 11.3.6.2 Performance The performance of the website was one of our primary concerns, especially when it comes to the videos that are integrated in some pages. For a service provider promoting the use of video as a medium to communicate information such as PriVideo, it is essential to display a flawless video integration. To do so, we had no choice but to rely on YouTube to host our videos as it has the most reliable free video player we are familiar with. To improve the performance of our site, we have compressed all images on the site to reduce the download times and bandwidth usage. We have also concatenated and minified all static HTML, CSS and JavaScript files to reduce the amount of requests needed to load a page. Videos were also encoded for YouTube at a weight less than 20 MB, which ensures relatively short loading times. 11.3.7 SEO considerations Throughout the development of the website, efforts were made to satisfy search engine optimisation standards in terms of site-wide, on-page and off-site optimisation. 11.3.7.1 Site-Wide Optimisation Crawling Facilitation One of the most important SEO factors for a newly created website is the facilitation of access and navigation for the search engines’ web crawlers. The simple HTML structure and the absence of flash navigation elements on the PriVideo website make it easy for spiders to navigate. In addition to this, crawling was further facilitated by the creation of an XML site map, which contains a comprehensive list of the different web pages present on PriVideo’s website. The XML map was built accordingly to the current XML standards, as it can be seen on the following example. 169 <?xml version="1.0" encoding="UTF-8"?> <urlset xmlns="http://www.sitemaps.org/schemas/sitemap/0.9"> <url> <loc>http://student.computing.dcu.ie/~cabelia2/PriVideo/index </loc> <lastmod>20013-07-31</lastmod> <changefreq>monthly</changefreq> <priority>1</priority> </url> </urlset> Within the <urlset> several <url> tags are stored, one for each page of the website. These <url> tags each contain four different sub-tags: 1. <loc> tag where the location of the webpage is stored 2. <lastmod> tag which provides the date of the page’s last modification 3. <changefreq> tag gives information on the frequency at which the page is modified 4. <priority> tag which enables to weight the page’s priority against the website’s other pages. The <lastmod>, <changefreq> and <priority> tags enable web crawlers to determine how often they should visit each page. The sitemap is made available for web crawlers in a robots.txt document through the following entry: Sitemap: http://student.computing.dcu.ie/~cabelia2/PriVideo/sitemap.xml 170 The robots.txt file is stored in http://student.computing.dcu.ie/~cabelia2/PriVideo/robots.txt and does not disallow any page on the website to web crawlers. Usability Since Google’s Panda update in 2012, usability is taken into account in the page rank calculation and therefore, has become part of the site-wide optimisation of our website. Amongst the different measures taken to enhance usability and navigation on its website, PriVideo added features such as a graphical indication of the page the user is currently viewing on the navigation bar. This element was incorporated on the website through the addition of the following CSS ID, which is only used in the HTML onto the link which corresponds to the current page on the navigation bar: #currentnav { background-image: url("images/images.png"); background-position: -63px -36px; height: 33px; width: 94px; no-repeat } Another example of usability enhanced recognised search engines is the presence of a customised 404 page which helps the user find their way back to the website’s homepage through a hyperlink. 11.3.7.2 On-Page Optimisation Keywords By strategically placing selected keywords in diverse parts of the HTML, PriVideo can increase its relevance in certain topics and have a better chance of being matched to specific queries. PriVideo focused its efforts on keywords such as “PriVideo”, “privacy”, “video”, “policy” and “data protection”. These keywords are emphasised on a page by page basis through different ways: Titles & headers: Keywords placed in the <title> tag from the <head> of the html page and those placed into <h1> tags have more impact on page rank than those placed in plain text. However, we were cautious to only use keywords when relevant, as keyword stuffing negatively affects page ranking since the Panda update. 171 Alt tags: Alt attributes in image tags are employed to describe the content of pictures. As our website provides several pictures of logos from companies that promote data protection and screenshots of our privacy policy videos, the associated alt tags can incorporate keywords, while maintaining their relevance. Anchor text: Anchor text is useful to insert links into pieces of text or to provide clarity about URLs that do not clearly indicate the topic of the destination website. As shown on this example, anchor text can be used to increase the significance of URLs and strategically place keywords at the same time. <a href=" https://www.mywot.com/">Web of Trust</a> Meta-Tags: are no longer used in page rank but can provide anyone who views the HTML source code with useful information about the keywords emphasised on the page. We implemented meta-tags on each page by including the line of code below with relevant keywords in the <head> of the HTML. <meta name="keywords" content="…, …, …"> YouTube tags: A video which illustrates PriVideo’s mission and offering is embedded on to the homepage. This video is uploaded to PriVideo’s YouTube account, where we have full control over the associated tags and video description. These YouTube tags help reinforce the relevance of our homepage regarding the topics of privacy policies and data protection. YouTube videos are embedded onto the home page through the following lines of code: <div id="youtube"> <object width="640" height="360"> <param name="movie" value="http://www.youtube.com/v/Y9NVfbWaYyQ?version=3&hl=en_GB" > </param><param name="allowFullScreen" value="true"></param> <param name="allowscriptaccess" value="always"></param><embed src="http://www.youtube.com/v/Y9NVfbWaYyQ?version=3&hl=en_GB" type="application/x-shockwave-flash" width="640" height="360" allowscriptaccess="always" allowfullscreen="true"> </embed></object> </div> 172 Description meta-tag: Description meta-tags are also an important part of the on-page optimisation, as they offer the chance to provide a relevant description of the page’s content to the general public. A different description meta-tag is present in the <head> of each HTML page. These meta-tags are introduced through the following code: <meta name="description" content="…"> 11.3.7.2 Offsite Optimisation Links: The last aspect of SEO that was considered while building the website was offsite optimisation through linkage. The website has links to PriVideo’s social media accounts embedded in its footer. In addition, we made sure to that each social media account links back to the website. We also embedded links many websites that have authority in the domain of data protection and online privacy such as http://www.dataprotection.ie/ or http://www.truste.com/. 11.3.8 Technical Elements of the PriVideo Website Structure: The PriVideo website has a very simple structure, as displayed on below. Current Structure Root Page /index.html /privacy.html /blogs.html / business.html / contactus.html Coding languages: The PriVideo website was coded using HTML5 and CSS, with the addition of some JavaScript elements to support features such as the login menu. Most of the website was coded by our team using standard HTML & CSS, while a few elements 173 including the JavaScript were implemented from the bootstrap framework, available at: http://twitter.github.io/bootstrap/index.html Tools employed: The main tool used to code the website was Notepad++. Notepad++ is a notepad that supports syntax highlighting for languages such as HTML or CSS. This software was selected because of its user friendly interface and features, as well as its capability to run well on low-end computers. The syntax highlighting allows for easy identification of the different elements of the code and quick rectification of mistakes as displayed below. Missing coma No colour 11.4 Technical Requirements for PriVideo 11.4.1 Overview In order to explain the concepts behind automated video generation, it is first necessary to establish what PriVideo is trying to accomplish with its technical system. PriVideo’s goal for our system is to generate representations of privacy policies that take the form of videos. It is essential for the video to match the content and specificities of the privacy policy of any potential client. Since there are variations amongst companies’ privacy policies, the system needs to have the capability to adapt to different clients and the distinctive elements of their privacy policies. In response to this particular need, the system supporting the service put in 174 place by PriVideo was designed with the capability to assemble videos on demand. This is done by using a library of individual video elements, which once combined, can create a multitude of different videos. To achieve this, the system relies on a library of short video clips representing elements that can be found in privacy policies. We can distinguish between two kinds of clips: The core clips: These clips introduce and explain the core concepts present in most privacy policies. Different versions of a same core clip are present in the library to fit with different industries. The optional elements: These very short clips present concrete examples of the concepts expressed through the core clips. These elements enable deep video customisation and are essential to the production of accurate representations of specific privacy policies. Using the user interface, clients can decide which of the optional elements should be displayed in the video in line with their privacy policies. The sequence in which the elements are organised in the video is predetermined and cannot be modified; this guarantees that the structure of the video stays coherent. Optional elements Core clip Information Name Phone Date collected Addr. of Credit Email Card birth 1 0 1 0 0 0 Disabled Enabled In accordance with the DPC’s recommendations on privacy policies outlined above, some core elements are mandatory and must be included in privacy policies and therefore, the associated clips are locked and should be present in our videos regardless of the client’s input. With currently 9 core clips per target industry and 25 different optional elements, our service can generate a total of 225 or 33 554 432 different combinations. Considering that a video 175 needs to comprise at least 15 out of 25 elements to have enough content, PriVideo can currently generate ∑ ( ) 7 119 516 different viable video combinations. The system uses clients’ inputs about their own privacy policies to generate a video definition file that determines which elements and assets should be assembled to produce the video. To perform these tasks, PriVideo uses the tools and services provided by Stupeflix, which enable the addition of features and options to further personalise each video and make the PriVideo service more interactive. The diagram below presents a general overview of the system, which will be described in further detail throughout this section. Stupeflix Stupeflix is a company that provides a digital service which enables users to create videos with minimum effort. Users simply need to upload their pictures or clips to Stupeflix and the service performs the montage, transitions, editing and encoding of the video automatically. Stupeflix provide themes that offer specific backgrounds and transitions, enabling it’s users to create a wide variety of videos or slideshows. 176 In addition to the service they offer to the general public, Stupeflix also gives the ability to businesses to integrate and adapt their tools to develop new services on their websites or in their apps. Through the Stupeflix application programming interface (API), businesses can integrate automated video generation as part of their services. While the Stupeflix API was initially created to enable for non-linear templates randomising some aspects of video creation and creating different videos every time, it can be scripted to create linear templates that give full control over the output while still enabling personalisation. Our team views Stupeflix as the perfect tool to automatically generate videos representations of privacy policies. While other methods were considered to automate the production and editing of videos, we chose Stupeflix due to its set of unique features and advantages as outlined below. Benefits Disadvantages High Rendering Speed Loss of control Good Infrastructure Lower initial investment Supports many features Easy to implement The main benefit of Stupeflix is the speed at which it performs video rendering. Stupeflix states that due to innovative hardware solutions, its service can render one minute of video in only one minute for a video in 360p resolution and 4 minutes for a video in high definition (720p) (http://developer.Stupeflix.com/pricing/ 2013). This rendering speed is substantially faster than any of our other alternatives, which increaases the responsiveness of PriVideo’s service thus improving the quality of the user experience. By relying on Stupeflix’s infrastructure to carry a critical part of PriVideo’s operations, we will forfeit some control over the reliability and performance of our system. In exchange for this, PriVideo benefits from the scale of Stupeflix’s infrastructure. The API has the capability to serve as many simultaneous video requests as it receives, as Stupeflix has an infrastructure that can support volumes of simultaneous requests. 177 Another advantage of using Stupeflix is that it lowers the initial investment required to set-up our service. The prices proposed by the Stupeflix scale with the volume of video processed, with a cost per minute of rendering varying between 0.5$ ( or 0.38€) and 0.10$ ( or 0.08€) depending on the volume, with a minimal cost of 300$ ( or 228€) per month. (Stupeflix, 2013, at: http://developer.Stupeflix.com/pricing/) Stupeflix supports many generic features such as subtitles, as well as unique features such as text-to-speech integration or After Effects widgets. These features enable PriVideo to offer more personalisation in videos such as the integration of brand name and logo in the videos without breaking the automated process through which these are created. Finally, one of the most determining factors in the selection of Stupeflix as the solution of choice for video production is it’s ease of implementation. Stupeflix aim to facilitate the implementation of their API by creating a wiki that gives large amounts of documentation and tutorials to help developers. 178 11.4.2 Automated Video Generation This section provides a detailed description of the technical concepts behind PriVideo’s automated production of privacy policy videos. Three activities were identified as being essential to this process namely; analysing the privacy policy, producing the video and delivering the video. The following diagram depicts the process through which these three activities are carried out by PriVideo’s system. Step One Privacy Policy Analysis: 11.4.2.1 Presentation of the approach Videos produced by PriVideo must be tailored to correspond with the client’s privacy policy, an analysis of the document is therefore, required for each new client before the production of the video can start. The interpretation of the client’s privacy policy is not automated by our system; this option was ruled out by our team due to the complexity of the language employed in legal documents such as privacy policies. Furthermore, as a team of four, it is necessary for us to limit the scope of our project and allocate our limited resources to the most essential aspects of our project. We estimate that attempting to automate the analysis of privacy policies would be a waste of resources from and the benefits of automating this part of the system are only marginal. 179 We had originally planned to have the analysis of privacy policies be carried out by PriVideo employees. However, after studying different possibilities, we decided to use client’s input to fulfil this task as it was the solution that provided the most benefits and the least disadvantages for the company. Benefits Disadvantages Gives more control to the client over the result Demands more work from the client product Client is liable for any misinterpretations of the Requires the implementation of an interface policy onto the website Enables the complete automation of the video production process Videos can be produced faster Videos can be produced cheaper Using our website, PriVideo can collect input from its clients through a HTML form that acts as a user interface. To make the user interface more interactive and atheistically pleasing, it was complemented with JavaScript, as shown below. When submitted, the information collected by the HTML form is processed by the website’s back end, which uses this information to generate an XML video definition file that contains the information required for the production of the video. This video definition file is described in further on Pg. 185. 11.4.2.2 Interface Mock-up The following two images illustrate how our video builder interface will work. As shown in the first image, our website contains log in functionality as well as offering customers the ability to sign up to our service. The first steps require the customer to enter their company name, select their industry as this will dictate what video options they’re given and upload the company logo. The second image highlights how the user will progress through the process. This example, is taken from the third of the eight core scenes and allows the user to select what information the company collects about their users before moving on the scene four. This image also shows, the progress bar will allows the user to see the video creation in action, with the current scene they are developing highlighted in colour. The design of this interface again focuses on our brand image of clarity and transparency and aims to make the video creation process easy and enjoyable for customers. 180 181 11.4.2.3 Content of the HTML form The following paragraphs describe what information the user is required to enter when ordering a new video and explains why these inputs are important for the end product. 1. Company information: The client is first asked to input company or brand information that should appear in the video. This includes the company or brand name and logo. a. The user is asked to enter the name of his company or brand. This information will appear in the video’s voice over and in the subtitles if the client chooses to enable them. b. The user is then asked to select his or her industry from the list in the drop down menu. This will in turn ensure that all possible video clips offered to the customer are relevant to the company’s industry and ensure that the sections that are mandatory in particular industries are automatically included. c. The user can upload his or her logo for it to appear on reserved spots in the video, if he chooses not to do so, a generic icon is inserted instead. Even though the system can take most formats or resolution, it is recommended that the logo should be in PNG format with a 128 per 128 pixels resolution in order to achieve the best possible results. 2. Privacy Policy content input: Through the following steps, the user influences the content of the future video by providing input about the content of their privacy policy. o The user selects which of the proposed core clips correspond to the content of his or her privacy policy. Different variations of core clips may be available depending on the client’s industry. The user does not need to select all sections, for example, section 7, which pertains to the use of cookies is only applicable to companies that operate a website that uses cookies to collect information from their clients. As explained in the video content section, some elements such as the right of access or right of rectification are mandatory in a privacy policy and are enabled by default. o For each section, the user is asked to select the optional elements that correspond to the specificities of their privacy policy. For example, in the section about data collection, users can select the different methods through which they collect information from their 182 users, so that these elements can appear in the video. This step enables the client to tailor the video accordingly with the specificities of his or her privacy policy and create a personalised variation of the video. 3. Additional options The system can take input influencing other aspects of the video, such as audio or visual effects. The user can select the following additional options: o Subtitles: the user can select this option to enable the addition of subtitles on the video. This enhances the usability of the video for viewers with hearing difficulties or no sound on their device. o Human Voice Over: By default, the video is produced with a voice over generated by text-to-speech software, by ticking an option, the user can have this automated voice over replaced by another one recorded with professional voice actors. If chosen, this option breaks the automation of the video production, which results in extra costs and a delay of 7 days for the video production. 11.4.3 Video production Video production is the most critical element of PriVideo’s technical system. For this reason, we invested a lot of resources and time into finding the best possible way to perform video production tasks. When developing the concept for this automated video production system, the focus was set on responsiveness and customisability. PriVideo selected Stupeflix as a third party service to assemble, edit and encode videos due to its additional features and superior performance in terms of rendering time and qualities that are in line with the objectives set for the system. This section describes how the tools made available by Stupeflix were integrated into PriVideo’s system to support the automated production of linear privacy policy videos. The key elements involved in this integration are the Stupeflix API, the Stupeflix Widgets and the XML video definition files. 11.4.3.1 Stupeflix API The Stupeflix API enables companies like PriVideo, to integrate Stupeflix’s video creation services onto our website. This API was created to enable businesses to generate large 183 amounts of videos from their websites by using Stupeflix’s infrastructure and rendering engine. Image source: http://developer.Stupeflix.com/ The Stupeflix API is built using the Representational State Transfer (REST) architecture, which guarantees its compatibility with a wide variety of platforms and languages. Stupeflix created a software development kit (SDK) available for its API, in order to facilitate its implementation in distributed environments. The SDK supports PHP, Ruby, Java and Python. When activated, the API sends a request directly to PriVideo’s servers which trigger the video production process. To trigger the production of a video, the API requires PriVideo to communicate information on four key elements. The four elements are explained below and included in an example of Stupeflix’s API code in PHP, which can be found Appendix P, (Pg. 262). 1. Identification: Stupeflix does not offer its services for free and requires users to be registered before authorising them to use its services. Therefore, the first element that needs to be communicated when creating a video is the user’s credentials. 2. Video profile: Video profiles determine the quality of the video that is being created. Stupeflix proposes 21 different profiles, which determine the video resolution, the output format, the frame rate, video and audio codecs and the video and audio bit rates. Stupeflix supports MP4, WMV, MPG or FLV as outputs formats. The pre-established profiles were optimised to provide the best performance in different situations. The creation of custom profiles is also possible in the case where none of the pre-established formats correspond to the particular needs of a user. 184 3. Path to the video definition file: The video definition file is an XML document that contains information about the structure of the video to be produced and the assets that need to be used to produce it. A message is sent to Stupeflix to trigger the production of a video. This requires a path to the definition file that respects the format proposed by Stupeflix in order to start the process. Video definition files are explained in more detail in the associated section below. 4. The return method: The message needs to specify how the video should be returned to the user after its creation. The Stupeflix API provides several upload options to make the video available through the most fitting platforms. These different upload options are explained thoroughly in the video storage and delivery section below.. 11.4.3.2 Stupeflix Widgets Widgets are one of the four types of visual assets that can be used by Stupeflix. They are elements that can be used to produce videos, exactly like video clips or images. Widgets are essentially templates, which support several layers on which images, video and text can be incorporated, they can be still or animated. They enable Stupeflix to use some complex video editing features from Adobe After Effects, the software in which these widgets are created. PriVideo uses widgets to represent each of the core clips and optional elements from which privacy policy videos are built. Widgets are used over plain video to enable video personalisation through the integration of companies and brand logos into video backgrounds. 11.4.3.4 Stupeflix Video Definition File The Video Definition File takes the form of an XML document which determines the structure of the videos being produced by Stupeflix, as well as hosting access paths to the different assets that are being used to build the videos. This document is written following the rules of the Craftsman v1.0 XML language, which supports features such as transitions, textto-speech and widgets. This document is generated by the back end of PriVideo’s website. The production of a video definition file is triggered by the submission of a form by a registered user. The assets present in the file generated correspond to the information sent by the user as an input through the form. Example of code explained: The following piece of code is an example of a video definition file that is used to request creation of a privacy policy video. This example covers the two first core scenes of a Privacy 185 policy video, where two out of three optional elements are enabled, as shown on the representation below. It’s important to note that this code is purely for illustrative purposes and only shows how the first two scenes will be generated. These scenes are core and thus, must be included. While this code snippet doesn’t illustrate it, it’s important to note that the optional widgets, which have been chosen, will be implemented in the same way as the core elements shown below. The set of rules revealed through the following piece of code applies to both core widgets and optional widgets. Scene 1 Scene 2 Registration Purchase Browsing Opening scene Information enabled « Meet Sam» collection methods Disabled enabled <movie service="craftsman-1.0"> <body> <widget type="set.PriVideo.scene.01" duration="6.2"> <image filename="http://PriVideo/temp/IMG_0024.JPG"> </image> <text type="zone" fontcolor="#ffffff"> Meet Sam, like you, Sam just became a customer of companyname. </text> <audio voice="neospeech:julie">Meet Sam, like you, Sam just became a customer of companyname. </audio> </widget> <widget type="set.PriVideo.scene.02" duration="4.4"> <image filename="http://PriVideo/temp/IMG_0024.JPG"> </image> <text type="zone" fontcolor="#ffffff"> Script body: The body of the XML video definition file is created by nesting the <movie> and <body> tags. Inside the body, a video can be created using the <stack>, <sequence>, or 186 <widget> tags. PriVideo only uses the <widget> tag when creating videos as it supports additional features. While Stupeflix was originally designed to produce non-linear videos by picking random elements from a list, it is surprisingly easy to create linear videos with the video definition file. In the case of PriVideo, linear videos representing privacy policies are created by simply implementing the relevant widgets one after another in the body of the XML file. The Widgets implemented each represent a core clip or optional element selected by the user through the HTML form. Image Assets: Images are implemented in videos through the <image> tag and contain an URL from where the asset can be accessed by Stupeflix’s server. Typically, image assets are used by Stupeflix to create slideshows. However, if an image is implemented within a <widget> tag, it does not appear in the background of the video; instead it takes the place of the image placeholders that are already present in the widgets. If several image assets need to be incorporated, two company logos of different shapes for example, the image that appears first in the XML will take the spot of the placeholder tagged with “IMG_01” in After Effects and the second image asset present in the same <widget> tag in the XML will take the place of the placeholder tagged with “IMG_02”. If there are more assets than different IMG tags, the assets are not incorporated in the video. In this example, a single image representing the client’s company logo is used several times in the video. Subtitles: Subtitles are incorporated into the XML through <text> tags. In a similar fashion to the image assets, when a text tag is nested within a <widget> tag, the text is implemented in the specific spots present in the widget through text placeholders. Subtitles obey the same rules as image assets; the content of the first <text> tag takes the spot occupied in the widget by the placeholder marked as TEXT_01. Subtitles need a different <text> tag and placeholder for each line of text that needs to be displayed on the video. Text-to-Speech: The script for the text-to-speech is implemented by an <audio> tag which is associated with a voice attribute. Stupeflix currently provides the choice between a male and a female voice, respectively activated by implementing the following attributes in the <audio> tag: voice=“neospeech:paul” or voice=”neospeech:Julie”. 187 11.4.5 Video Storage and Delivery The hosting of videos is a determining factor for the perceived reliability and quality of service, as it impacts the speed at which videos can be downloaded and the amount of time for which videos stay available for download. Through its API, Stupeflix provides several possibilities for the upload of newly created videos. The different options are the standard Stupeflix storage and download, HTTP POST upload, uploading to media websites such as YouTube or cloud storage services such as Amazon S3.There are benefits and disadvantages of these different hosting options to be considered. 1. Stupeflix Download When a video is created through Stupeflix, it is stored on their servers for a period of 24 hours. Once the rendering is ready, the video can be downloaded using the getProfile command, alternatively, a download link can be obtained through the getProfileURL command. Choosing Stupeflix as a temporary medium for storage and download has several advantages, as it does not incur third party charges. In addition, direct download from Stupeflix is the option that makes the video available for the client in the shortest amount of time as it does not require an upload to a different server. 2. HTTP POST Upload Stupeflix can upload the videos to any server through an HTTP Post Upload. Through this method, PriVideo can have the created video uploaded directly onto a server, which PriVideo would has full control of. This option is the one that gives the most control to PriVideo over the reliability and quality of its service. However, having more control over the storage of data also involves additional responsibilities, as the team will need to maintain the server, remove dead links, monitor traffic and ensure that the server does not get overloaded. As a result, PriVideo would need to invest additional time and resources to ensure complete reliability and quality service if this option was to be chosen. 3. Amazon S3 Bucket Upload Amazon S3 (Simple Storage Service) is a third party storage solution that offers a reliable storage and fast download speed at an affordable price. Amazon guarantees the reliability of its infrastructure and offers compensation if the service’s availability ever falls below 99.9%. Furthermore, Amazon has infrastructure in multiple countries and continents, enabling PriVideo to offer its clients the 188 best download speeds without having to use different storage service providers. Amazon S3 provides different access control formulas, amongst which the Access Control List (ALC) can be set up to authorise uploads from Stupeflix without giving out PriVideo’s account credentials. Stupeflix can automatically upload newly created videos onto Amazon by incorporating the following code into its API, here, the example is provided in PHP <?php $upload = new StupeflixS3Upload("MY_BUCKET_NAME", null, null, "MY_PREFIX", $meta); ?> 4. YouTube Upload The fourth upload option that was considered is the YouTube upload. This option is interesting as it enables for the monitoring of viewership, which can be a selling point for the videos. Stupeflix supports uploads to YouTube, however, it either requires the YouTube account credentials or a token obtained from the YouTube API. It is therefore, impossible to upload videos directly onto clients’ accounts without asking them to give their YouTube credentials. Another possible solution would be to upload all videos to a YouTube account belonging to PriVideo and send back the embedded URL to clients. This example below takes YouTube credentials as inputs to enable the upload to YouTube in PHP <?php $upload = new StupeflixYoutubeUpload('MY_YOUTUBE_LOGIN', 'MY_YOUTUBE_PASSWORD', $meta); ?> This second example uses a token instead: <?php $upload = new StupeflixYoutubeTokenUpload('MY_YOUTUBE_DEVELOPER_KEY', 'MY_TOKEN'); ?> 189 Summary Stupeflix Download HTTP POST Upload Amazon S3 YouTube upload Benefits Disadvantages Does not require resources from PriVideo Video available faster for download PriVideo has full control over the storage duration Cheap file hosting Worldwide presence Reliable infrastructure Enables the monitoring of viewership Does not require resources from PriVideo The file is only stored for 24h Requires more investment from the PriVideo team Requires knowledge of the Amazon SDK Needs account credentials for the upload After examination of the benefits and disadvantages of each different storage solution, Amazon S3 appears to be the most viable option and was selected as PriVideo’s main storage solution for our produced videos. The main reasons for this choice were the negligible costs of using the service, the ease of implementation and the reliability of the service. 11.4.6 Initial Set-up 11.4.6.1 Section Overview This section describes the initial set-up required to enable the automated generation of video. This set-up involves the creation of a library of video clips, the conversion of the content of this library into After Effects widgets and their incorporation into the Stupeflix Widget library. This section addresses the challenges faced by our team when planning this initial set up, in terms of design choices as well as implementation. 11.4.6.2 Library of clips The first step in PriVideo’s system set-up is the constitution of a library of clips, which encompasses most common elements found in privacy policies. The goal of this library is to 190 host clips that can be used as building blocks to assemble videos representative of any specific privacy policy. There are three main activities necessary to build this library of clips namely; The division of privacy policies into sections, the identification of the possible variations across privacy policies and the conversion of each identified element into video clips. Step One: Division of privacy policies into sections: Privacy policies are never identical. However, as they are legal documents subject to the same regulations, they all share some generic attributes. As discussed in our video content section page, companies operating in Ireland must comply with the Data Protection Commissioner’s recommendations. From these recommendations, we identified 8 sections that encompass the majority of privacy policies, which are: 1. Introduction – Presentation of the company 2. Data collection methods – circumstances under which data is collected from customers 3. Data collected – Present the type of data being collected 4. Purpose of data collection – Clarifies the reasons behind data collection 5. Data Exchange – Present the entities with who the data collected about customers may be shared 6. Storage Duration – Explains how long which type of data is kept and why 7. Cookies – notifies the user of the presence of cookies on the website and explains their purpose 8. Data Availability and Data Modification 191 Step Two: Identification of possible variations in privacy policies: Depending on the industry, there are disparities in organisations’ privacy policies in terms of, sections and content. For this reason, we identified all alternative versions of the 8 privacy policy sections described above in accordance with each of our target industries, which are insurance, telecommunication, social media and online retail. For example, telecommunication companies such as O2 focus their privacy policies on their user’s traffic information. Companies from different industries never approach this subject as they do not have access to such information. Even within a same industry, variations can be observed amongst privacy policies. These variations often take the form of specific elements used as concrete examples to explain the different concepts present in the privacy policy. For example, when a company explains what kind of personal information is collected, companies can explain that they collect names, phone number, e-mail addresses or credit information depending on their practices. Our team identified a list of 25 optional elements that are the most common across privacy policies. Step Three: Creation of video clips representing each individual element identified: After identifying the 8 core sections that encompass most privacy policies and the 25 elements responsible for most variations across privacy policies, video elements were drawn and animated to represent and explain those concepts and elements. The software Adobe Flash Pro CS6 was employed as a tool to perform this task. Visual assets were drawn and animated by our team using a Bamboo Pen drawing tablet to avoid any copyright issues with the content of our video. 192 A final core clip was added separately to the 8 main sections identified earlier to communicate where to find more information or read the full privacy policy. In some instances, optional elements needed to appear in the middle of a core clip, which caused it to be divided into several parts. As a result, our library currently counts four sets of 12 core clips, one set for each target industry and 25 optional element clips as displayed in the representation below. 11.4.6.3 Setting up a Widget Library Before the clips created can be used to build videos, they must be converted into widgets so that video personalisation can be enabled on the PriVideo service. The transformation of a video clip into a Stupeflix widget involves two main activities: 1. The incorporation of clips into an After Effects Widgets 2. The conversion of After Effects Widgets into Stupeflix Widgets Activity One: After Effects Widgets Widgets are created using Adobe After Effects, a powerful video editing software. Several steps are highlighted by Stupeflix in the creation of these widgets: 1 – Creation of a new project on After Effects: A different After Effects project needs to be created for each core clip and optional element clip present in the clip library so that each can be converted into a separate widget. 2 – Implementation of the clips into the After Effects Project as a background asset: In the After Effects widget, the video clips from the clip library act as background assets, they determine the length and native resolution of the widget. The video clip is placed on the layer that has the lowest priority, which makes it appear on the background. 3 – Creation of image placeholders for the company logos and application of motion to those placeholders: Image placeholders are shapes placed on different layers that are replaced in the 193 final video by image assets uploaded by users. In the case of privacy policy videos, image placeholders are used to mark the spots where the client’s company or brand logo should appear. In the example below, motion is applied to the image placeholder to follow the spot where the company logo needs to be on the video. As the video is animated, image placeholder need to be set in motion and synchronised with motion from the background video to achieve acceptable results. Image placeholders need to be placed onto layers that have a higher priority than the background layer in order for them to show on screen. 4 – Creation of text placeholders for subtitles and Synchronisation with the video: Text placeholders are created to host potential subtitles in the final video. Text placeholders obey the same rules as image placeholders. Subtitles can only be displayed one line at a time, therefore, placeholders should be synchronised with the content on the video to appear when a new sentence starts and disappear when it finished. 5 – Tagging placeholders: The last and most important step in the creation of an After Effects Widget that would be eligible for a conversion into a Stupeflix Widget, is the tagging of placeholders with attributes recognised by Stupeflix. During the video creation process, Stupeflix looks into the XML video definition file for the tags corresponding to the placeholder tags in the widgets. Tags enable Stupeflix to identify placeholders and implement user assets into these spots. Stupeflix currently only recognises text and image tags that are formatted as follows: IMG_01 IMG_02 … TEXT_01 TEXT_02 … 194 Activity Two Conversion from After Effects Widget to Stupeflix Widget: Stupeflix Widgets differ from After Effects Widgets in that they are stored in libraries on Stupeflix’s servers. While Stupeflix performs the conversion of widgets by itself, files need to be prepared for the conversion beforehand. The first step in this preparation is the optimisation and verification of the After Effects Widget: Stupeflix renders the videos on their servers; therefore, they need to know beforehand if the template is too heavy to assure quality service. The SxC Validation Script is an After Effects script that checks After Effects Widgets and determines if it is suitable to be converted into a Stupeflix widget. The validation script provides the tested widget with a performance score, an estimated render time and gives warnings if the project does not respect the limitations of the Stupeflix engine. Stupeflix highlights three limitations that make the rendering too slow to process if these are reached: - A widget should not stack more than 15 layers. With only 3 layers, our project is well optimised in this regard. 195 - A widget should not show many user assets at the same time. Again, we were careful to limit the use of user assets as much as possible in our widgets, limiting the maximum number of pictures on screen to 3 maximum. - A widget should not have nested trackmattes or simultaneous trackmatted. Our widgets are safe in this regard as no trackmattes are employed in this project. Rendering is further optimized by having transitions within our original video. This way, our videos do not need to use the transitions created by Stupeflix at all, which saves some rendering time.Once the project is optimised and has been verified with the SxC script, files can be compiled and prepared for conversion. The After Effects widget needs to be reduced and exported, which creates a directory. This directory is then zipped into a single file and sent to Stupeflix for conversion into a Stupeflix Widget. 11.4.7 Architecture, Accounts and Payment This section presents the concept for the architecture that would need to be built to support PriVideo’s services. The following diagram represents the integration of video production into PriVideo’s architecture. 196 As shown above, the PriVideo web server is set up with a WAMP stack composed of Windows, Apache, MySQL and PHP. The Stupeflix API supports many different programming languages and PHP was selected as the main language for PriVideo’s back end due to the superior amount of documentation and tutorials related to the implementation of the Stupeflix API in PHP. The MySQL database needs to use encryption to secure the clients email addresses and passwords. PriVideo does not store any sensitive information such as credit card details, as common transactions are handled through PayPal. Payment occurs after the generation of videos and before access to the video is given to the client, in order to give the client the opportunity to see a preview of the newly created video. Therefore, an access right system is established in order to only enable users to access the download links to their videos after reception of payment. The same access right system prevents users from getting access to videos from other users. 11.5 Technical Challenges Throughout this section, we have discussed numerous challenges we encountered when exploring the technical requirements of PriVideo. We have also discussed all solutions we came to for each challenge and the reasoning behind each solution. This section outlined the existing and potential technical challenges facing PriVideo, for which no finite solution has yet been found. 11.5.1 Implementation of human voice over PriVideo’s basic video offer includes a voice over generated by text-to-speech software, which generally produces good quality voice over, but can sometimes mispronounce company names or feel impersonal. Our team would like to facilitate the implementation of voice over recorded by voice actors into our videos in order to improve their overall production quality and give our company a better image. In its current state, the system cannot automate the implementation of human voice over, which causes significant extra cost and production time for whoever selects this option. a. Current Solution Currently, the incorporation of human voice over in the video involves booking a weekly recording session with our voice actors where they can record the names of all companies that demanded this option during the week. For this reason, the integration of human voice 197 over into a video forces a delay of 7 days between the order for the video and its production. In addition, this involves a substantial additional cost for companies selecting this option. b. Record a generic voice over It would be possible to record a generic voice over with each individual video element in our database. This could easily be done by creating a generic script where the client’s company or brand name is never mentioned. However, this solution was excluded as it could expose PriVideo to unauthorised use of its videos. The integration of company names and logos into videos produced is not only a feature that improves the general quality of our videos; it is also a way to prevent companies from using videos that were not created directly for them. PriVideo does not have the resources to monitor who uses our videos and enforce our copyrights. As a result, each video needs to be customised in such a way that it cannot be duplicated and used by multiple companies. c. Pre-record company names Another option would be to pre-record the names of all companies identified as potential customer, this would enable the automation of human voice over integration into produced videos. Each audio file could be stored into a database and incorporated into the XML video definition as an audio asset when the video is created. This would remove the 7 days production time and drastically reduce the price of the human voice over option. However, this option was ruled out due to the fact that our company cannot sell the same service at different costs to different companies. With this solution, companies that do not have their names pre-recorded would need to wait 7 days and pay more than companies that do. We considered that such practices could be seen as unfair and may give the company a poor image. 11.5.2 Viewership monitoring Monitoring the videos created by PriVideo would be a great addition to the service currently provided. Monitoring viewership could be a way to maintain regular contact with our clients and provide a tangible proof of the effectiveness of our videos. It was determined that it would be impossible to monitor viewership if clients were to host the videos by themselves on their own websites as this would prevent PriVideo from benefitting from the advantages that come from monitoring videos. 198 Possible solution: Include optional YouTube upload: It would be possible to offer a free upload onto YouTube when the video is created as it is a feature supported by Stupeflix. However, this involves either uploading the file onto an account owned by PriVideo, or asking the client to insert their YouTube account credentials onto the form. 11.5.3 Resolution and rendering time Encoding our videos in high definition (720p) may incur excessive rendering times, which would have a negative impact on the quality of service and operating costs. Each minute of rendering initially increases the cost of video production by 0.5€, which is why optimisation is crucial to the success of our business. According to Stupeflix’s rendering time estimations, it takes 1 minute to render 1 minute of video in 360p and 4 minutes for a video 720p. However, these estimations are not based on videos produced from multi-layered widgets. Widgets negatively impact rendering time due to the multiple layers and user assets. Our team took precautionary measures by limiting the number of layers widgets can have to 3, as well as limiting the number of user assets on screen simultaneously. These measures should limit the negative impact of widgets as much as possible. It is currently impossible to estimate how long the rendering of videos in 720p would take for PriVideo’s videos; therefore, it is uncertain that PriVideo will ever face the issue of excessive rendering times. If the rendering times happened to be unsatisfactory, we would proceed to further optimisation through more limitations in terms of user input, or tweaking of video profile factors such as frame rate. 199 Bibliography Ackerman, M.S. 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[Accessed 18th July 2013]. 206 Appendix A: Interviews This section details the main aspects of each interview we carried out: Date: Various meetings and emails Interviewee: Daragh O’Brien Location: DCU Invent Main Findings / Discussion Points: Meeting One: From our initial meeting with Daragh he confirmed at present there is a huge gap in privacy with proposed regulation in the EU – all 27 countries have same policy and countries developing policies tend to follow European direction. He believes video – is a great element of service to get an informed user. He suggested creating an overall privacy solutions interface as managers need simple, easy to use tools for compliance. This interface could enable a company to monitor breaches and if serious trigger a protocol aka management services which may inform management, the data commissioner etc. As all companies need to comply and inform data commissioner of any breaches regardless of size so a tool like so would be extremely useful for sme’s. Daragh stated that if implemented successfully video privacy policies could enable us to develop in the future into further management solutions and breach interfaces. He also expressed that a video privacy policy was an excellent way to encourage users to inform themselves in regard to their online privacy. Meeting Two In this meeting we demonstrated our prototype to Daragh. We created our prototype on the O2 privacy policy as we needed a demo company and as they were a client of Daragh’s. Through email he had informed us that they were looking for an idea that was easy for customers to understand and conveyed their privacy policy. Daragh also informed us that he may be able to get us a meeting to pitch to O2 in the future. 207 O2 have numerous different products and some have different policies which means there would be a business opportunity in telecommunications companies to create more than one video. Daragh advised that we could have a library of standard graphics and then storyboard it out or go further and storyboard the company’s whole privacy policy out. Daragh explained that we need to have levels of price points and decide how much each would be. Such as having a standard package and a fully customised package. Consider the tiered levels –sme level cheap and cheerful automated option Daragh advised us to consider developing some metric capability to let the client know they watched a video. One way we could do this would be an email is sent to them every time a video is watched or maybe a monthly report of metrics We also discussed with Daragh Value added options such as getting a solicitor or compliance professional to proof a company’s privacy policy for an extra cost such as 5-10k for example we refer them on to Daragh or we have a standard policy for the industry which has already been proofed. Daragh stated that communicating the value of the product to customers is essentials but we also need to follow up for retention purposes 1. Company wants to know they communicated effectively with customers 2. Customer wants to know what company is doing with their data and why 3. Company wants to decrease calls and costs of these calls and hidden costs of compliance A major problem is customers are often surprised by how information is used and often don’t realise what data is use. Companies in turn don’t realise that they aren’t communicating effectively with customers At PriVideo we can aim to reduce the element of surprise 1. Outcomes: Complaints reduced 2. Reduce costs of complaints 3. Reduce call centres 4. A reduction of 15seconds from calls saves €2.5million a year 5. Reduce need for customers to phone and enquire 6. Reduce need for legal resources 208 Forming strong partnerships can allow us to offer our videos as well as consultation and guidance service. If our service can help companies effectively communicate with their customers, Inform customers of what companies are doing with their data and decrease the calls and costs of compliance we will have managed to reduce the element of surprise for customers, costs for companies and foster an environment of transparent communication. Daragh’s Email 209 210 Date: June 25th Interviewee: David – Irish Patent Office Location: Phone Interview Main Findings / Discussion Points: From our phone interview with David from the IPO we managed to establish a lot of information in regard to IP, Trademark and copyright for the company. The PriVideo service is not a service that can be patented. Additionally the idea as a whole cannot be trademarked or copyright as we cannot stop a company copying our idea and turning their own privacy policies into an animated video. The PriVideo name can be trademarked, for a start-up company it is enough to use the ™ symbol after the name so PriVideo™. This shows we understand and attribute value to the name of the product. After PriVideo™ is a bit more established and we are in a better financial position we can register with the Irish Patent Office and apply to trademark the name, the application cost €70 and if the application is accepted you must pay a further €177 to gain the trademark. This trademark would cover Ireland, to trademark the name in the EU the fee would increase to €900. 211 The character we have created to feature in our video “Sam”, can be copyrighted as he is our own creation. To copyright Sam, David advised us to use the archaic method of sending a registered letter to ourselves. This letter would enable us to prove when we created Sam and if it was disputed the unopened letter would be the best form of proof. The character of Sam, may also be trademarked, in the same way as the Tayto man. Similarly to the character of Sam any videos generated by PriVideo can be copyrighted. This can be done using the same registered letter method. Additionally the process of automating the scripts we create from the privacy policy of each company can be copyrighted when the code we use in the automation is created by us. The PriVideo logo can be copyrighted. The company name can be trademarked and any aspects of our own personal creation can be copyrighted such as the logo, character, videos created and automation process. Date: July 3rd & July 22nd Interviewee: Karl Crowley Location: DCU Business Canteen Main Findings / Discussion Points: Our two interviews with Karl centred on the technical requirements of the PriVideo service. Karl is a web developer and was able to answer our questions in relation to how to both understand the Stupeflix API and implement it in coherence with the PriVideo website. With Karl we also discussed the mock up architecture design and the most effective and efficient programming languages to use throughout our technical deliver, such as using both HTML and Javascript in the website form to make it both functional and visually appealing. Karl also advised us to use PHP on the back end in line with the Stupeflix API and consider adding some JavaScript to the overall website design to compliment the CSS and HTML we had already implemented. 212 In our interview with Karl we also discussed server storage, hosting requirements and the possible challenges PriVideo may face. Karl was also the person to suggest exporting the customer videos to Amazon S3. Ensure website is both functional and visually appealing. Use Amazon S3 to export videos. Increase understanding of P.H.P. to enhance understanding of Stupeflix API. Date: 3 July Interviewee: Chris bollard Location: Phone Interview Main Findings / Discussion Points: When we scheduled our phone interview with Chris we were aware he was on a very tight schedule. We therefore prepared questions and stuck to these in order to gain as much information as we required in the short space of time. 1. What kind of companies do you deal with with regards to privacy in terms of what industries they are in, what size they are etc? Every industry. A lot of companies working with the firm in general will get referred down to me in IP and data protection division. These can range from ecommerce companies to insurance companies and financial services companies. Some are American companies with an Irish base so they need to comply with EU data protection legislation. The thing is most companies are gathering data on their websites and so they need to comply also. 2. What are the priorities of your clients in terms of drafting privacy statements - is it purely to comply with law or do end customers ever come into consideration? Clients tend to just want a privacy policy for the majority it is just a box checking exercise but more and more companies are paying more attention when checking this box. There have been two recent situations where companies came to me wanting to go beyond data protection legislation and give their customers more rights nearly. 213 3. What are the challenges facing companies with regards to privacy policies and trying to increase transparency with customers? One of the many challenges is companies are often operating in a number of different countries and indeed continents. This means that they must comply with many different versions of data protection legislation even within the EU the way in which different countries transpose the data protection directive into law is different in France etc for. Companies sometimes want to have one privacy policy to govern all countries or some want different policies for each jurisdiction. 4. What are the challenges you face when trying to communicate with companies about privacy statements? Engage companies fully and get them to think about how they are using data we don’t want to just give them a standard privacy policy which some companies will want but more companies are putting a bit more effort in lately and that will only increase I think. The privacy policy really does require a lot of thought some companies do the minimum something needs to happen to see significant improvements like if somebody gets a fine because they breach the law – the new legislation will give the DPC more power to do so hopefully 5. Are your clients looking to increase the number of users reading these privacy policies or again is it just a matter of compliance It’s mostly again about compliance but most of them are extremely long and technical I agree and that can be a deterrent for users. I think we’ll see more efforts from other companies and then those with really long policies will be seen as those who have something to hide or look as though they do. Privacy is definitely becoming a bigger issue and the more it plays on people’s minds the more companies will start to pay attention and they may see it as a selling point to gain a competitive advantage. I think your solution could start this movement and depending on the clarity of the icons they could nearly become symbols for info collection. 6. What area or department within these companies would you deal with when dealing with privacy policies? Legal or compliance department 214 The majority of companies require a privacy policy. At present there is a move towards companies trying to go the extra mile to inform their users and demonstrate their privacy compliance. Our offering is timely and if implemented correctly could start a movement towards clear compliance and transparency. Date: July 4th Interviewee: Jack Nagle Location: DCU Business Canteen Main Findings / Discussion Points: From our interview with Jack we received a large amount of guidance and advice in terms of our prototype video, PriVideo as a business idea and the company’s future potential. Jack advised us to increase clarity in regard to certain aspects of the video – such as slow down or explain more specifically the credit dimension card. Additionally we discussed, if company want extra customisation the intro of videos could link to the EU directive. In order to be successful PriVideo should target compliance departments and ensure to highlight benefits to the company of being transparent eg. Aka allow it to Enhance the brand. It was also suggested when creating the video we could frame it from regulalatory point of view. If considering the use of music use music that is calming – such as Mozart, don’t take away from video. Our focus should have a legal basis in mind – think as a business and look at the potential users. Target: Initially big companies may be the most lucrative and feasible clients. Jack suggested we charge up to €20,000 (Negotiable). This encompasses the video – making it, consulting fee and branding (Marketing fees). PriVideo could offer seminars €1500 – groups of 20 – seminars, trainings and hard content videos. If this is implements it is critical to do so in a corporate context, present this in seminar context –look at info awareness of staff and customers. 215 PriVideo allows a company to send a sober branding message. These type of messages will make people listen. Drivers behind the service are regulatory, CSR and brand were possible We must be aware that our core competencies at PriVideo are from an electronic business perspective. We can harness information and partnerships with – third party experts, compliance specialists. Physical security experts and specific experts The company has a Silos of skills which can be exploited - We have the framework/network, own the software/videos, know what we offer The company has enormous potential if we manage to wrap privacy around business idea. We could Resell the expertise of Darragh and solicitors etc – create one stop shop of expertise as well as offering an online consultation service– allow users to ask q and answer online Date: 8 July Interviewee: Susann Radach Location: Allianz Ireland Main Findings / Discussion Points: From our meeting with Susann we were able to discover the main privacy issues in relation to the insurance / financial industry and whether or not Susann thought our concept could be utilised in a global company. Susann discussed 3 main privacy related issues for Allianz: 1- Access rights people requesting their information and being wrong about their entitlements. 2- Cookies misunderstanding people thinking cookies are tools employed by the company to track them 3- Data Security people concerned about the security of their personal information, how does Allianz keep the info, with which companies do they share the info, and how does these partner companies secure the info & share it? 216 Potential advantage for PriVideo: The video from PriVideo could help people understand how their information is used and be more willing to accept the company’s marketing by ticking the box (I accept to be contacted by partners…) Susann discussed how requests from clients about their information are time consuming. It takes time to explain them their rights and what exactly they are entitled to, in this sense, our video could benefit Allianz. One challenge for the video highlighted by Susann is possible Branding Policies employed by large corporations. Ex: if something is blue in the video, it must be the “Allianz Blue” All Allianz advertisements must be in line with their global marketing policy. Personalisation & customisation through different tiers of service could help overcoming the need for branding of big corporations and enable PriVideo to get more money from these companies. Susann also suggested perhaps placing Sam on the website where he is seen and shown to be different from other links on the page could be useful like placing a small icon down the bottom and allowing customers to click on say click here to watch a video about your privacy with Allianz At present there is an increase in information requests to the DPC which shows increasing trend in seeking information. In terms of training it would be hard to get access to Allianz Ireland as they do all the training themselves but we could offer the use of a platform where they have control. Susann felt that PriVideo was an excellent business idea. Access requests cost Allianz the most in terms of time – this could be reduced by explaining a person’s basic rights from the start. For PriVideo small brokers could be good route and the offering would need to be Customised a lot for companies the size of Allianz. Date: 15th July Interviewee: Cathal Gurrin Location: DCU Computer Building 217 Main Findings / Discussion Points: We met Cathal to gain feedback on our prototype and discuss the technical deliverables for the practicum report. Cathal advised us that he liked the video and we should ensure to put any prototype we have created on our website. Cathal also informed us that whilst as four business students we do not have to build the link from PriVideo to the Stupeflix API we do have to fully understand it. Cathal also detailed to us that we need to have a mock-up of the architecture and explain it coherently to demonstrate our understanding of our product and how it works. We established that it was critical to demonstrate our knowledge of the Stupeflix API, and knowledge of the necessary coding language used to link the PriVideo website form to the Stupeflix video generation mechanism. We also needed to understand the stupeflix server, how we were going to receive our finished videos and the architecture on which we were going to host these videos such as Amazon S3. Getting the technical delivery right is correct. Our technical delivery includes the PriVideo website, the PriVideo prototype videos (Company and 02) and Mock-ups of the relevant architecture. It is crucial for our team to understand the programming languages and hosting requirements of all aspects of our server to succeed. Date: Numerous Meetings / Emails Interviewee: Jean Cushen Location: Jean’s Office, DCU Business Building Main Findings / Discussion Points: As one of our supervisors we met with Jean numerous times to gain advice on the business aspect of our Practicum. Jean was extremely helpful and insightful and gave us guidance on branding of our product as well as feedback on the video and its design. We also had numerous contact with Jean through email which was very beneficial. In our meetings with Jean we discussed and explained concept the concept of PriVideo and whenever slight changes or advice was needed in relation to the concept we reverted to Jean. 218 We also discussed with Jean the importance of differentiation and how we would envisage PriVideo differentiating. Jean advised us to hone our strategy and ensure we were clear in both what our service offered and our strategy to achieve this. Additonally during our meetings with jean we discussed our market and competitors, we were aware of the importance in understanding and clearing defining the marker we were targeting and being aware of the current players in that market. Jean also provided us with links and reference papers to help us set out and understand our branding strategy. Furthermore when we were conducting our primary research questionnaire and focus group we discussed these with Jean. Jean also proofed our questionnaire before it went live. Hone and understand concept. Study market and be aware of competitors. Design primary research in a way which ensures we gain most effective feedback. Don’t underestimate the importance of branding for our service. Date: Numerous Meetings / Emails Interviewee: Alan Smeaton Location: Alan’s Office, DCU Computer Building Main Findings / Discussion Points: As our technical supervisor we had numerous meetings with Alan. We met with Alan to discuss and refine the technical aspects of our service. Alan was extremely helpful and insightful in every meeting. As our team was made up of four business students we were aware that our technical knowledge was limited. We tested the prototype video on Alan, we also sought Alan’s advice / feedback on the website we had designed and then implemented the slight changes he suggested. 219 Additionally we discussed the automation of our service with Alan and how best to implement this. Alan suggested due to our skills and experience the best option for PriVideo would be to outsource the automation to a tool that will animate the video based on a script. Alan also suggested a tool called Stupeflix but advised that we firstly look into the technicalities of Stupeflix. We discussed the importance of figuring out how it would work and what language we need to use to create the script to enable stupeflix then convert into a video. We also had to research into the voiceover, subtitles and logo aspects of Stupeflix. The Stupef;ix s API is the tool we decided to use after lengthy research into the API. We based made the decision to choose Stupefix after gaining a deeper understanding of how it works with help from Alan and our developer contact. Use an automation tool as the team are from business backgrounds. Understand the implications and limitations of any software or language we intend on using. Ensure we fully inform ourselves on the automation tool and how it works before attempting to implement it. Date: Interviewee: Stewart Fennel Location: Email and phone Main Findings / Discussion Points: We originally attempted to arrange a meeting with the Data commissioner or a representative from his office. Unfortunately due to the office being extremely busy at current we were unable to achieve this. We did however manage to explain our proposed concept through email and schedule a brief phone call with Stewart Fennel from the office of the Data Commissioner. Stewart informed us that the PriVideo concept was extremely timely and in sync with the impending changes in data legislation. He described our offering as a potential solution to any miscommunication in relation to privacy between customers and companies. Although the phone call was brief Stuart did inform us that he could see no reason why the data commissioner or data commissioner’s office would not support a service such as PriVideo. 220 If we have the relevant contacts to enable companies seek guidance on their privacy policy and successfully represent the policy in an entertaining animated form we may have the solution to breach the privacy communication gap. Date: 11 July Interviewee: Lucy Alley, Crowley Solicitors Location: Email and phone Main Findings / Discussion Points: After exchanging a number of emails we conducted a phone interview. During the interview we discussed the concept in detail including our plans to develop a network of experts in the privacy industry. Lucy commended the applicability of the product to privacy policies as is our core offering. She also advised that we consider applying the idea to other areas that are governed by legal frameworks. Lucy specialises in drafting internal policies which pertain to data protection issues. One example Lucy gave was internet and email usage policies within an organisation. These policies are supposed to educate employees on their rights and the rights of the organisation to conduct electronic surveillance on them within the workplace. Similar to privacy policies however, these policies are ineffective in educating the reader. She stated that an animated video of this policy might fit well and could be placed on the company’s intranet. She also said that she would consider referring clients to us in the future. Other suggestions Lucy made included developing videos with subtitles or voiceovers in other languages. She said this would be helpful because many international employees have difficulties reading the legalities of a English language policy. Lucy also advised that while she can’t give an exact figure drafting a privacy policy costs at the least €500 for some changes and on average €2,000. This helped in developing our price tiers. There is potential for PriVideo to expand their offering to internal staff training. An additional service add on could also be offering the service in various languages. 221 Appendix B: Year One Sales Plan Timeframe for Company Industry Size Location Contact Progress Next step Meet next contact with Branding Allianz Ireland Financial Large Dublin Head of Compliance 1st Meeting had Dublin, Arachas Financial SME Brief Waterford Head of Sales Touched base Dublin, Marsh Financial SME Team Employee in Dublin Touched base Financial SME Dublin Dublin, Willis Financial SME Manager Cork, Limerick McCarthys Insurance Group Touched base SME All over Ireland on Immediately on concept Immediately Awaiting Employee in Dublin Briefed Contact Supervisor in Dublin Financial Immediately concept Brief JLT on concept Brief Cork,Galway Immediately Office Awaiting referral Awaiting Briefed Contact referral referral Brief CFM Group Financial SME Dublin from BDE in Allianz No contact yet concept Brittons Financial SME Donegal Manager Touched base Brief 222 First 3 months First 3 months on First 3 months on Immediately concept Awaiting Mannions Financial SME Roscommon referral from BDE in Allianz Brief No contact yet on concept First 3 months Awaiting Kidd Financial SME Dublin Employee Awaiting Cotter Insurance Financial SME Dublin Financial SME Wexford referral from BDE in Allianz Awaiting Sheridan Insurance Briefed Contact Employee Zurich Ireland Liberty Insurance Financial FInancial Large Large Dublin Dublin Brief No contact yet referral from BDE in Allianz No contact yet No contact yet First 3 months on concept Brief in Compliance referral First 3 months on concept First 3 months Arrange Briefed Contact meeting Contact Brief Company concept Immediately on First 6 months Awaiting AON Financial Large Dublin Employee in Sales Briefed Contact referral Brief Marine & General Financial SME Dublin Manager Touched base Financial SME Dublin Supervisor Touched base on concept Brief Kinane Insurance First 3 months concept Immediately on Immediately Awaiting Murray & Spellman Financial SME Galway, Kildare Employee in Kildare Touched base referral First 3 months O'Driscoll O'Neill Financial SME Dublin Manager Briefed Contact Arrange Immediately 223 meeting Awaiting O'Malley Scanlon Financial SME Donegal from BDE in Allianz Awaiting Priority Insurances Financial SME Meath referral Brief No contact yet referral from BDE in Allianz concept Brief No contact yet on First 6 months on concept First 3 months Awaiting KPMG Financial Large Dublin Employee in HR Briefed Contact referral First 3 months Awaiting Ernst & Young Financial Large Dublin Employee in HR Employee Deloitte & Touche Financial Large Dublin Briefed Contact in Marketing Financial Large Dublin Briefed Contact Office Awaiting E J McDermott O’Dowd SME Kilkenny Donnelly Carbin North Financial Awaiting Financial SME Donegal referral No contact yet No contact yet SME Dublin Galway, Manager Touched base Mayo, Manager in one of concept First 6 months on First 3 months on First 6 months Awaiting Hastings Financial SME Sligo the Mayo Offices Briefed Contact referral O'Brien Finlay Financial SME Dublin Employee Touched base Brief 224 on concept Brief Financial First 3 months concept Brief County Brokers First 3 months referral Brief referral from BDE in Allianz referral Awaiting Briefed Contact from BDE in Allianz First 3 months Awaiting Employee in Head AIB referral First 3 months on Immediately concept Brief Des Morris Financial SME Wicklow Des (Owner) Awaiting JJ Meers Financial SME Sligo Touched base referral from BDE in Allianz concept Brief No contact yet Financial SME Dublin Manager Touched base Immediately on concept Brief Victor O'Rourke on First 3 months on concept Immediately Awaiting Prestige Financial SME Cavan Employee Awaiting O'Shea Insurance Financial SME Cork Briefed Contact referral from BDE in Allianz referral Brief No contact yet First 3 months on concept First 6 months Awaiting Brian J Pearce Financial SME Dublin Employee Briefed Contact referral Brief Mentone Financial SME Dublin Employee Awaiting Oliver Murphys Financial SME Waterford The Brook Insurance Brokers SME Donegal referral from BDE in Allianz Awaiting Financial Touched base referral from BDE in Allianz Awaiting referral McSharry Foley Financial SME Sligo from BDE in Allianz EJ McDermott Financial SME Kilkenny Awaiting 225 referral No contact yet on First 6 months on concept Brief No contact yet Immediately concept Brief No contact yet on concept Brief No contact yet First 3 months concept Brief First 6 months on First 6 months on First 6 months from BDE in Allianz PwC Financial Large Dublin Director of Tax concept No contact yet Touch base First 3 months Awaiting AA Financial Abbey Murphy Financial Large SME Dublin Sales Manager Longford, Manager in Longford Westmeath office Touched base referral Awaiting Briefed Contact referral Brief Acorn Brokerage Financial SME Dublin Employee Awaiting Abingon Insurance Financial SME Wicklow Touched base referral from BDE in Allianz First 6 months on concept Brief No contact yet First 3 months Immediately on concept First 3 months Awaiting AIC Financial SME Dublin Employee Briefed Contact referral Brief Alliance Insurance Financial SME Dublin Manager Touched base First 3 months on concept First 6 months Awaiting AON McDonagh Financial Large Dublin Boland Employee Awaiting Touched base referral referral Brief First 6 months on Crotty Financial SME Dublin from BDE in Allianz No contact yet concept First 6 months Crotty Insurance Financial SME Dublin Employee No contact yet Touch base Immediately Awaiting referral Brief on Wright Group Financial SME Wexford from BDE in Allianz No contact yet concept First 3 months Barrington Financial SME Dublin No contact yet No contact yet Contact firm First 6 months 226 Insurance Base Plan Ltd Financial SME Dublin No contact yet No contact yet Contact firm First 3 months Robert Blythman Financial SME Dublin Owner No contact yet Touch base Immediately Awaiting BMCI Insurance Financial SME Dublin referral from BDE in Allianz Brief No contact yet on concept First 6 months Awaiting Pat Britton Brosnan Financial SME Donegal Employee Briefed Contact Boylan referral Brief First 6 months on Golden Financial SME Cork Emloyee Touched base concept First 6 months Bruen Brothers Financial SME Galway Employee No contact yet Touch base Immediately Employee in Awaiting Campion Insurance Financial Large All over Ireland Kilkenny Briefed contact referral First 3 months Carron Insurance Financial SME Dublin No contact yet No contact yet Contact firm First 6 months Awaiting Chill Financial Large Dublin Employee Briefed Contact referral First 3 months Cleary Barker Financial SME Dublin No contact yet No contact yet Contact firm First 6 months Creane & Creane Financial SME Wexford Employee No contact yet Touch base First 3 months Awaiting referral Brief on Crana Financial Financial SME Donegal from BDE in Allianz No contact yet concept First 3 months Cuffe & Co Financial SME Cork No contact yet No contact yet Contact firm First 3 months Brief Cross Insurance Financial SME Dublin Employee 227 Touched base concept on Immediately Brief Culleton Insurances Financial SME Carlow, Wexford No contact yet No contact yet concept Brief Sean G Cusack Financial SME Cork Employee Touched base on First 3 months on concept First 3 months Awaiting Goggins Financial SME Dublin Employee Briefed Contact referral Brief Gogans First 6 months on Financial SME Dublin Manager Touched base concept First 3 months Brokers Financial SME Dublin No contact yet No contact yet Contact firm First 3 months Tom Fogarty's Financial SME Tipperary Manager No contact yet Touch base Immediately Fingal Insurance McElhinney Insurance Brokers Awaiting Financial SME Donegal Employee Briefed Contact Cornmarket Financial Group Brief Financial SME Dublin Employee Touched base Employee in HR & LinkedIn referral ICT Large Dublin Sales concept First 3 months on First 3 months Awaiting Briefed Contact referral First 3 months Awaiting Dropbox ICT Large Dublin Sales Employee Briefed Contact referral First 6 months Awaiting Twitter ICT Large Dublin Sales Employee Briefed Contact referral First 6 months Salesforce ICT Large Dublin No contact yet No contact yet Contact firm First 6 months 228 Awaiting LoudSEO ICT SME Dublin Developer Touched base referral First 6 months Second half of Dell ICT Large Dublin No contact yet No contact yet Contact firm year Second half of Intel ICT Large Kildare HR Employee No contact yet Touch base year Second half of Verizon ICT Large Dublin No contact yet No contact yet Contact firm year Second half of Haystaks ICT Start-Up Dublin No contact yet No contact yet Contact firm year Second half of Curam Software ICT Large Dublin No contact yet No contact yet Contact firm year Second half of EMC Ireland ICT Large Cork, Dublin Employee in cork No contact yet Touch base year Awaiting Glen Dimplex ICT Large Louth Employee Touched base referral First 6 months Second half of Logitech ICT Large Cork No contact yet No contact yet Contact firm year Second half of Newbay software ICT Large Dublin No contact yet No contact yet Contact firm Norkom Technologies year Second half of ICT Large Dublin No contact yet 229 No contact yet Contact firm year Second half of CarCompare.ie ICT SME Dublin No contact yet No contact yet Contact firm year awaiting internal Sparkdating.ie ICT SME Dublin External contact Briefed Contact contact First 6 months Flirtbox.ie ICT SME Dublin No contact yet No contact yet Contact firm First 6 months Specialsomeone.ie ICT SME Dublin No contact yet No contact yet Contact firm First 6 months Second half of Redwind Software ICT SME Dublin Developer No contact yet Touch base year Boards.ie ICT SME Galway No contact yet No contact yet Contact firm First 3 months Awaiting referral to Internal Etraining.ie ICT SME Dublin External contact Briefed Contact contact First 6 months silkwebdesign.ie ICT SME Meath No contact yet No contact yet Contact firm First 6 months certtracker.ie ICT SME Dublin No contact yet No contact yet Contact firm First 6 months adverts.ie ICT SME Dublin No contact yet No contact yet Contact firm First 3 months Awaiting referral to Internal audiowarehouse.ie ICT SME Dublin No contact yet Briefed Contact contact First 3 months mediacontact.ie ICT SME Dublin No contact yet Briefed Contact Awaiting First 3 months 230 referral to Internal contact thejournal.ie ICT SME Dublin No contact yet No contact yet Contact firm First 6 months Awaiting referral to Internal digitgaming.com ICT SME Dublin External contact Briefed contact Employee in Head Marks & Spencer Online Retail Large Dublin Office Online Retail Large Dublin Office First 3 months Awaiting Briefed Contact Employee in Head Dunnes Stores contact referral First 6 months Awaiting Briefed Contact referral First 6 months Awaiting Tesco Ireland Online Retail Large Dublin HR Employee Briefed Contact referral First 3 months Awaiting Arnotts Online Retail Large Dublin Store Manager Briefed Contact referral First 6 months Simply Be Online Retail SME Dublin No contact yet No contact yet Contact firm First 3 months Buy4Now Online Retail SME Dublin No contact yet No contact yet Contact firm First 3 months I Love Shopping Online Retail SME Dublin No contact yet No contact yet Contact firm First 3 months Awaiting referral to Internal Justshop.ie Online Retail SME Kildare External contact 231 Briefed contact contact First 3 months callancomputers.com Online Retail SME Louth No contact yet No contact yet Contact firm First 6 months elara.ie SME Dublin No contact yet No contact yet Contact firm First 6 months Online Retail Awaiting referral to Internal iclothing.ie Online Retail SME Dublin External contact Briefed contact contact First 3 months Books Unlimited Online Retail SME Dublin Store Manager No contact yet Touch base First 6 months Irish Books direct Online Retail SME Kildare No contact yet No contact yet Contact firm First 6 months Awaiting Second half of referral year Support Donedeal Online Retail Large Dublin employee staff Touched base Second half of Gumtree Online Retail Large Dublin Developer No contact yet Touch base year Second half of Schoolbookstore.ie Online Retail SME Laois No contact yet No contact yet Contact firm year Second half of Bookhaven.ie Online Retail SME Dublin No contact yet No contact yet Contact firm year Second half of Tarabookco.ie Online Retail SME Galway No contact yet No contact yet Contact firm year Awaiting referral to Internal Vavavoom.ie Online Retail SME Dundalk, Louth External contact 232 Briefed contact contact First 3 months Nopolka.com Online Retail SME Dublin No contact yet No contact yet Contact firm First 6 months clothing.ie Online Retail SME Laois No contact yet No contact yet Contact firm First 6 months Awaiting referral to Internal carparts.ie Online Retail SME Dublin External contact Briefed Contact contact First 3 months micksgarage.ie Online Retail SME Dublin No contact yet No contact yet Contact firm First 6 months CelebBoutique Online Retail SME Dublin No contact yet No contact yet Contact firm First 3 months Awaiting referral to Internal Oxendales.ie Online Retail SME Dublin External contact Briefed Contact contact First 3 months Awaiting Superquinn Online Retail Large Dublin Employee Buyer Briefed Contact referral First 6 months Thespindoctor.ie Online Retail SME Dublin No contact yet No contact yet Contact firm First 6 months BuyandSell.ie Online Retail SME Dublin No contact yet No contact yet Contact firm First 6 months BeepBeep.ie Online Retail SME Dublin No contact yet No contact yet Contact firm First 3 months CarsIreland.ie Online Retail SME Dublin No contact yet No contact yet Contact firm First 3 months Brief GrabOne Online Retail Large Dublin External contact Support Textagift Online Retail SME Dublin employee 233 No contact yet staff concept Brief Touched base on concept First 3 months on First 3 months Briefed 02 Telecoms Large Dublin Privacy Consultant by Awaiting Consultant feedback Brief Vodafone Telecoms Large Dublin Privacy Consultant No contact yet Immediately from Consultant First 3 months Awaiting 3 Telecoms Large Dublin Store Manager Briefed Contact Carphone Warehouse referral First 3 months Awaiting Telecoms Large Dublin Store Manager Briefed Contact referral First 6 months Touched base Brief contact First 6 months Sales Manger Head Meteor Telecoms Large Dublin Office Brief Eircom Telecoms Large Dublin Privacy Consultant No contact yet from Consultant First 6 months Second half of BT Ireland Telecoms Large Dublin No contact yet No contact yet Contact firm year Awaiting UPC Telecoms Large Dublin Sales Employee Touched base referral First 6 months Second half of Indigio Ireland Telecoms Large Dublin No contact yet No contact yet Contact firm year Second half of Ireland Online Telecoms Large Dublin No contact yet No contact yet Contact firm Magnet Entertainment year Second half of Telecoms SME Dublin No contact yet 234 No contact yet Contact firm year Second half of Smart Telecom Telecoms Large Dublin No contact yet No contact yet Contact firm year Second half of Blueface Telecoms Large Dublin No contact yet No contact yet Contact firm year Second half of Digiweb Telecoms Large Dublin No contact yet No contact yet Contact firm year Second half of Ericsson Telecoms Large Dublin No contact yet No contact yet Contact firm year Second half of Netshare Telecoms SME Dublin No contact yet 235 No contact yet Contact firm year Appendix C: Questionnaire 236 237 238 239 Appendix D: Focus Group Moderator Guide 240 241 242 243 244 Appendix E: Focus Group Consent Form 245 Appendix F: Focus group video feedback sheet 246 247 Appendix G: Data Gathering, Tracking and usage methods Infographic 248 Appendix H: Year Two and Three Sales Plan Company Chill Insurance AXA RSA Travellers Insurance FBD Aviva Bank of Ireland KBC New Ireland Argos Asos eBay Amazon Promod Irish Life Ulster Bank Halifax Barclays EBS Debenhams John Lewis Vhi Microsoft Industry Financial Financial Financial Financial Financial Financial Financial Financial Financial Online Retail Online Retail Online Retail Online Retail Online Retail Financial Financial Financial Financial Financial Online Retail Online Retail Financial ICT Location Dublin Dublin Dublin Dublin Dublin Dublin Dublin Dublin Dublin UK London Dublin Dublin Dublin Dublin Dublin London London Dublin Dublin Dublin Dublin Dublin 249 Size Large Large Large Large Large Large Large Large Large Large Large Large Large Large Large Large Large Large Large Large Large Large Large Symantec Facebook Google Topshop River Island Cisco Apple Deutsche Bank Mercer Towers Watson AIG Grant Thornton BDO IFG Standard Life Generali Friends First Boohoo LivingSocial ICT ICT ICT Online Retail Online Retail ICT ICT Financial Financial Financial Financial Financial Financial Financial Financial Financial Financial Online Retail Online Retail Dublin Dublin Dublin Dublin Dublin Dublin Dublin Dublin Dublin Dublin Dublin Dublin Dublin Dublin Dublin Meath Dublin London Washington, US 250 Large Large Large Large Large Large Large Large Large Large Large Large Large Large Large Large Large Large Large Appendix I: PriVideo Facebook 251 Appendix J: Practicum Facebook Group 252 Appendix K: Example Decision and information Sheets As a group we kept a document that detailed key decision and information. This document was stored on Google drive and as a team we updated it daily based on our progress. Below are two examples of our entries into this document. 253 Appendix L: Example Weekly Plans The tables below are examples of the weekly plans created and followed by the PriVideo team. Creating the plan allowed each member of the team ascertain the weekly objectives with a simple look. These plans also guided our daily tasks and objectives. The first example is from the first week after our N.G.M. portfolio and exams were completed. The second example table is from when the project had advanced and we were in the middle of the practicum process. 254 Example Weekly Plan 255 Appendix M: PriVideo Non-Disclosure Agreement 256 257 Appendix N: Partnership Agreement 258 259 260 Appendix O: Monthly Profit and Loss Account 261 Appendix P: Stupeflix API Sample Code This is the API code that can be found in the Stupeflix API SDK in PHP. <?php include 'stupeflix.php'; define('stupeflixAccessKey', 'PUT-YOUR-ACCESS-KEY-HERE'); define('stupeflixSecretKey', 'PUT-YOUR-SECRET-KEY-HERE'); define('stupeflixHost', getenv("STUPEFLIX_HOST")); // Create the client $stupeflix = new Stupeflix(stupeflixAccessKey, stupeflixSecretKey, stupeflixHost); // If you plan to offer the service to your own users, // you can set the user variable to your user id. // Otherwise, you can define one as you like $user = "yourUserName"; // Each of your users can have different projects. // If you want to overwrite your video each time you render it, you can define a char string // to be used as the ressource. // If you want to create a new video each time you render it (as this is the most common use case) // you need to generate a unique ressource each time. // in case you overwrite the video for each render $resource = "yourStaticResourceName"; // in case you want to create a new video for each render // $resource = time(); $metaDict = array("title" => "Upload test ", "description"=>"This is an upload test", "thumbnailTime"=>"2", // useful to choose the thumbnail time "tags"=>"upload test", "channels"=>"Tech", "acl"=>"public", // "private" or "unlisted" 262 "location"=>"48.8583,2.2945"); // A famous tower position $meta = new StupeflixMeta($metaDict); $upload = #################### HERE IS THE UPLOAD SETUP CODE $profile = new StupeflixProfile("iphone", array($upload), $meta); // here you can specify several profiles to render to $profiles = new StupeflixProfileSet(array($profile), null, null); // replace test.xml by the xml file you generated $stupeflix->sendDefinition($user, $resource, "test.xml"); $stupeflix->createProfiles($user, $resource, $profiles); ?> 263