Cloudflight's support for new space business models helps companies to test and develop service concepts suitable for the modern market.
From a basic cost perspective, entering the space industry has probably never been easier. However, when it comes to professional expectations and existing competition, it is very demanding to compete in today’s market.
The real challenge lies more in finding and meeting the consumer where they are today, rather than copying what other space companies are doing. This requires a more agile, pragmatic, and creative approach to developing business models and service concepts that meet current consumer demand.
Digital transformation has revolutionized every sector it has touched, and space is no different. Cloudflight has the expertise to harness digital tools and capabilities in order to develop and evolve business models better suited for today’s market conditions.
For example, Cloudflight can leverage the huge volume of publicly available data to test and enhance service offerings.
This is a fast and cost-effective first step to qualifying a new business model, but there can be limits on the data’s usefulness in terms of quality, completeness, availability, data definition information, and other factors.
Cloudflight can also provide access to additional data streams to satellite operators and startups to support any R&D department, thus helping in finding new, innovative business models to maximize the success of a company.
In addition, data processing and algorithm optimization allow them to make sure your capabilities stay agile and are quickly upgradable.
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Last updated: 2022-07-06