business model canvas

Startup Case Study from Vietnam - CYHOME- Internet-of-Things (IoT) application to Smart-building management system: A business model in Vietnam

Internet-of-Things (IoT) application to Smart-building management system: A business model in Vietnam

Author: Nguyen Dang Tuan Minh1, Ly Thi Minh Pham2, Duc Nha Le2  Affiliation 1 : KisStartup Innovation Consulting, Coaching, Mentoring ; Affiliation 2 : Faculty of Business Administration, Ton Duc Thang University

Abstract
Cyhome (a production of CyFeer JSC) is a resident-friendly building management solution that streamlines processes and communication between property managers, residents (owners or tenants) and service providers, in a transparent and convenient way, is providing the standard for IoT appliances providers to integrate into their system to provide the services for the whole system. Acting as an IoT hub with diversified standards available, Cyhome is potential for scaling up. IoT is applied in early stage but has potentials in having impact on real estate business. The challenge for the business model is technical application which is still at early stage. The lack of technical partners and the fast growing in sales in pushing the businesses are big challenges.

CyHome holds a database of customers information, their habit, usage log and behavior which can be the essential base to develop new business model such as physical devices (IoT), renting and booking (CyHome can increase the cover rate of serviced apartment by manage the OTP) and advertisement. All these activities above can be done by their partners such as IoT companies, real estate agency or media agencies. What makes CyHome’s business model different and potential in the market is the ability to capture insights and behavior of users to create new values. In Vietnamese market, there has never been an open platform for smart building management. This is a strength that can help develop new business models and create flexibility in the future. With advantages of pioneering in the market and orientation to build the platform, CyHome is a business model with strong potential in the future, not only in Vietnam but also in the regional market.

Case highlights
+ Delivering a panoramic glance at IoT application products market and opportunities for relevant business projects in the field of IoT-enabled system management for smart homes and buildings in Vietnam;
+ Demonstrating the increasing need for IoT-based solutions to smart property management systems due to prevalence of Internet connected devices;
+ Introducing and analyzing the case of CYFEER – an emerging startup whose products and business model canvas are the pioneering initiatives in a developing country; 

+ Widening the contemporary mosaic of entrepreneurial anecdotes regarding IoT application projects which ultimately strengthening the rising tide of high-tech start-ups;
+ Providing an actual business situation whose details and implications would be beneficial to future similar projects.

To download the casestudy, email us at: hello@kisstartup.com

Source: 2018 Business opportunities and innovative models driven by the Internet. Cases in Vietnam. Organizers: TDT University, Feng Chia University, PWC, TSing Hua University, 

Author: 
KisStartup

EVENTS in OCTOBER 2017

Happy the 2nd birthday to KisStartup. We  are full of energy to better our mission. We are pleased to announce the official cooperation between KisStartup and Hoa Lac High-Tech Park Service Center, Innovatube. Within the framework of this cooperation, we will develop series of events named HiTech- Konec. An event will last for years. In October2017, HiTech-Konec events are considered as  a series of events to prepare Techfest 2017 to connect professionals, businesses, investors and start-ups in the tech-community. As a coordinator of Techfest 2017 Investment Matching Team, this initiative is supported by startups, investors and businesses. Furthermore, after the launch of the book by KisStartup's Founder in November, we will continue with Lean Startup Series  for community. We are looking forward to your presence at KisStartup's upcoming events

 

1.Hi- Tech Konec Event Series. 2017- Techfest2017 - Event 1: Hi-Tech Konec- IoT: Meet up with Professionals, Investors, Startup, Internet for Things Enterprise (IoT)


2.Hi- Tech Konec Event Series. 2017 - Techfest2017 - Event 2: Hi-Tech Konec- AI: Meet up with  Professionals, Investors, Startup, Enterprise Artificial Intelligence


4.Hi- Tech Konec Event Series. 2017 - Techfest2017 - Event 3: Hi-Tech Konec- Big Data: Meet up with Professionals, Investors, Startup, Enterprise Big Data


5.Hi- Tech Konec Event Series. 2017 - Techfest2017 - Event 4: Hi-Tech Konec- AR / VR: Meet up with Executives, Investors, Startup, Enterprise for Virtual Reality


Lean startup Series - Analyze Business Model Canvas
Lean Startup Series - Build BMC for Meeting Investors
Lean Startup Series - Interview Customers
Lean Startup Series - Discover Customer Journey
 

Best regards,
 


 

EVENTS in NOVEMBER 2017

Dear all,

In preparation for the biggest investor meeting of the year lauching  in November 2017, HiTech-Konec events were placed in series of events prior to Techfest2017 to connect professionals, businesses, investors, Start  in the high technology community. As a coordinator of Techfest 2017 Investment Matching Team, this initiative of KisStartup is supported by startups, investors and businesses. Furthermore, after the launch of the book by KisStartup's Founder in November, we will continue with Lean Startup Series. We are looking forward to your presence at KisStartup's upcoming events

Lean startup Series - Analyze Business Model Canvas
Lean Startup Series - BMC for Meeting Investors
Lean Startup Series - Interview Customers
Lean Startup Series - Discover Customer Experience
Sharing  investment experience - Dedicated to investors
Join Techfest2017: November 14-15th
Follow our website and facebook: https://www.facebook.com/kisstartup/events/ to continually update activities from KisStartup.
 

Best regards,

 

EVENTS in DECEMBER 2017

The last month of 2017 will be a Lean Startup experience. With the positive feedback from KisStartup's "Innovation & Entrepreneurship – Mindset and Tools" by Nguyen Dang Tuan Minh, we will share with you the same experice of Lean Startup. Lean Startup 1.5h Courses for busy people and for early stage projects and hands-on training sessions. Intensive lean startup will go with you.

Morover, our activities such as investment matching, meeting with advisors in Open Startup Doors and sharing investment experiences are keep going on

ILT ASEAN MENTORING & NETWORKING also embarked on a new phase as we formally link startup in the travel industry with ILT's startup mentors.

 

Share the investment experience 

Open Startup Door 2 - Workshop Accounting + Investment Connection + Startup Consulting

Intensive Lean Startup

ILT-ASEAN MENTORING & NETWORKING

Lean startup: Mindset in Euntrepreneurship 

Lean startup: Business Model Canvas

Lean startup: Estimating market size

Lean startup: Know about your customer

Lean startup: Innovate the solution

Lean startup: Tell a story of service

Lean startup: Test value proposition

Lean startup: Solution interview

Lean startup:  Sales Roadmap

Lean startup:  The stages of development of project

Keep track of our website of EVENTS and facebook: https://facebook.com/kisstartup for continuous updates and do not miss.

Wish you have a good December,

 

Startup case study from Vietnam- EZCloud- IoT in hotel management – a local approach to empower managers in decision making

IoT in hotel management – a local approach to empower managers in decision making


Authors: Hang Thanh Pham (Hanoi University, Ha Noi city, Vietnam; KisStartup research team); Ly Pham Thi Minh (Innovation and Entrepreneurship Research Group, Faculty of Business Administration, Ton Duc Thang University, HCM city) , Ngoc Thai Pham (Faculty of Business Administration, Ton Duc Thang University, Ho Chi Minh city, Vietnam)
Abstract:

ezCloud develops their products, solutions offering a total solution for hotel management to replace conventional hotel management with a  comprehensive automation solution that uses electronic devices. The project aims to build a complete integrated solution for hotel management including hotel software (checkin, checkout, ...), integrated booking, online booking, management. ezCloud also offers solutions to help hotels expand and increase efficiency in the hotel business. The business model of integrated all-in-one from operation management to sales, marketing
management is innovative and has not yet been developed in Vietnam. The company has the potentials to expand to countries in the region.
The business model is quite distinct in the context of early development of Internet of things in Vietnam, especially its application in hospitality industry. As one of the pioneers of applying this technology integrated in property management systems, the company is able to capture the
advantages of rapid development in this industry in Vietnam and aims to broaden is presence as well as customer base to other countries and territories. The paper first take a look at market analysis in Hospitality sectors, especially in Hotel management in Vietnam; The paper presents the literature review on Internet of Things (IoTs), Big Data, IoTs in Operation/ Supply-chain Management, IoTs in Hotel Management. The paper also visualizes the Business Model Canvas for two applications in Hotel management: (1) ezCloudhotel and ezFolio, in which the fundamental indicators have been analyzed. The paper then makes a discussion on SWOT analysis in leveraging these applications in Hotel Management  The paper finally proposes recommendations for future research and top leader in Hotel sector. 

• The report points out the current situation of widely-used Internet of things application in operation and supply chain management, especially in the hospitality industry. • In the early phase of IoT application in hospitality and management industry in Vietnam, ezCloud has an advantage of being a pioneer in integrating modern technologies in a property management system 

• The paper has constructed the BMCs for 2 product lines of ezCloud, included: (1) ezFolio for 3 - 5 star hotel management, ezCloud hotel for 0 - 2 star hotel management. 

• The paper has built detail BMC for two software designed for hotel management in which cost structure and  revenue streams are estimated. • Significant growth of hospitality market in Vietnam as well as ASEAN and Asian regions. • Increasing popularity of e-tourism • Very few players in the segment of 0 - 2 star hotels • Emergence and rapid development of big local corporations in hospitality such as Vingroup, FLC, Muong Thanh, etc. • Investors and partners in the field of tourism and IoT applications in travel will find good opportunities from investing and partnering with EzCloud • EzCloud can also partner with companies in IoT to provide this solution in the market to increase the opportunity to extend more value added services to existing clients. 

To download the case study, email us at: hello@kisstartup.com

Source: 2018 Business opportunities and innovative models driven by the Internet. Cases in Vietnam. Organizers: TDT University, Feng Chia University, PWC, TSing Hua University, 

Author: 
KisStartup