From Australia to Beyond Borders - Putting i4T Global on the World Stage
Sachi Wickramage
i4Tradies上的COO和CPO |世界峰会大奖(UN WSIS和UN SDG)大陪审团成员|战略家|导师|产品设计,产品开发和产品管理顾问| HCI,UCD,UI / UX和CX专家
I’ve always aspired scaling our startup, into a globally esteemed ecosystem and making a meaningful impact in the lives of the people around the world.?
Little did I know that the journey would be nothing short of a roller coaster ride, yet the most rewarding experience!?
Let me share with you what I now, (after years of focus and hard work) like to call?“The ultimate blueprint to make your startup a global success”.?
Don’t worry! It’s not as technical as it sounds. It’s simply the story of how we:
As a sequel to my earlier article: How we revolutionised i4Tradies with the quintessence of Design Thinking, Lean Startup & Agile Development , let me take you on the roller coaster ride we went on, as we decided to transform ourselves into a brand, worthy of an international audience.
Learning to walk in your customer’s shoes from the start
Customers today are more than just consumers; they are also co-creators, developing content and ideas - and encountering challenges - right along with you.
In today's digital world, early collaboration with customers is pivotal right from the beginning, to weave their experiences into your efforts to broaden your business reach.
Working closely with customers had already helped us understand their pain points and identify a clear market gap, which urged us to conduct further research, develop our prototype, test it with a handful of suppliers and finally release our initial product version to the market.
At i4T Global , we adopted agile methodologies of customer validation and rapid iteration by working closely with our product engineering teams to reassess our Product-Market Fit. But was that the end of it? Have we achieved what we had set out to do? The answer is clearly a 'No.'
A Commitment to Never Ending Improvement
We intend to constantly disrupt the industry, and the Australian market was only the tip of the iceberg.
With new technological innovations emerging every few years and more businesses entering an already saturated market, we keep exploring and growing from strength to strength. We are becoming more innovative while adapting to market demands that are evolving.
To prepare for our ambitious plan to expand to the global market, we have undergone a major repositioning exercise and redesigned our product offering, and as a result, our product suite is structured to be multi-currency, multilingual, multi-time zone, and culturally localised.
Turning Challenges into Opportunities and Thrive
As we entered 2020, like all businesses, ours too, was severely impacted by the pandemic. We decided to strategically scale back on resources and do the best we could with what we had.
That’s when the idea of the?i4T ERC (Emergency Response Centre)?emerged to meet the growing demand for trades suppliers even during the lockdown. To our delight, it instantly took off.
With a thorough understanding of the local repairs and maintenance industry and having invented a solution that addressed the exact pain points of property occupants in a simple and transparent manner, we navigated through the biggest pandemic of our generation not just barely surviving but thriving with quadrupling our revenue streams.
The pandemic taught us many lessons, but one thing that was clear was that we emerged invincible.?
We discovered that we had the capability, resources, knowledge, and most importantly, the commitment that was required to deal with a crisis and face challenges head-on.
There was no other option for us, but to keep moving forward!
And what better way is there to grow the business than to go Global?
For Opportunities to Knock, you need to Build a Door first!
What doesn't kill you, only makes you stronger!?
The ground was paved, and we were ready for what lay ahead after the pandemic.
As we entered 2021, we were approached by some of the biggest international players in the market. This made us realise that we were missing out on the extremely lucrative opportunity in the blue ocean that this unexplored market presented to us.
While we knew we had to make a quick decision, we also recognised that this was a huge leap!
After all, we were on an ambitious mission that required additional research and careful planning before we took the plunge.
We noticed some global trends that were like those seen in the domestic market, which we had already been serving for some time now.??
The need to enhance productivity and efficiency of field operations, reduce operational costs, and improve customer experience is driving the global adoption of innovative technology solutions.
With prior industry knowledge and technology expertise, as well as local success, we decided to set the stage for introducing our product offering outside of Australia and filling the gap that appears to exist beyond the borders.
Writing our own page in the Book of Successful Global Start-Ups
We were already on the right track by designing our solution to be agile and scalable from the start, which locked the start-up into a global growth projectile from its inception.
To ensure that our journey was a resounding success, we made sure that we took off in the same direction that some of the most successful global start-ups begin their international ventures.
The New Global Positioning
We decided to refine our individual product verticals that would cater to each stakeholder in the service delivery value chain, instead of simply positioning it to our new global audience.
Over the past six years, we have progressively evolved from being a mere trades-hailing app into a holistic ecosystem. Our global competitiveness research revealed that we are now perfectly aligned with Field Service Management (FSM), which is a global market with momentous growth potential.
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The rationalisation behind this new market alignment was that our existing product suite already provided 90% of the features that an FSM Software Suite should provide.
These features included:
For enhanced precision, we further categorised our product verticals into individual market segments comprised of our?B2B,?B2C, and?B2B2C?clients, with:
as key stakeholders. ?
Bringing everything under One-Roof with Brand Unification
Having identified our key platform, market segments, and all key stakeholders involved, it was time to bridge the gap that existed in the market, with our?brand unification.?
We wanted to create a highly integrated ecosystem instead of a siloed solution, to deliver a compelling end-to-end user experience. This is our unique selling proposition!?
We accomplished this by dividing our global product suite into three major product verticals, which are as follows:
These three verticals seamlessly connect Authorised Service Agents, Field Service Suppliers, and Property Occupants with a 360-degree approach that addresses the pain points of all three stakeholders and provides an end-to-end service experience.
We classified our Strategic B2B product vertical?i4T Maintenance?into 3, specialising for Strata, Real Estate & FM (Facilities Management) industries. Each product classification is offered with tailored features and functionalities specifically designed to their respective industries.
We further classified our?FSM Supplier specific B2B product vertical i4T Business into 3:
This classification allows Field Service Suppliers to choose a solution based on the size and type of their business operation.
Furthermore, we consolidated all consumer verticals (FindMyTradies website, i4T Consumer Mobile App, and i4T SMS - ERC Leads) into a singular B2C product vertical (i4Tradies - Mobile App | Web App | SMS App).
We also recognised the critical importance of maintaining the highest levels of information security and data protection, particularly as we pursue our global expansion goals. Certifying our information security standards to ISO 27001 and GDPR compliance serves as a testament to our unwavering commitment to ensuring the confidentiality, integrity, and availability of sensitive information across all regions and jurisdictions in which we operate. By adhering to these internationally recognised standards, we are better equipped to identify and mitigate potential security risks, safeguard our clients' data, and enhance our credibility as a trusted partner in the global marketplace.
Incorporating the Ever-Changing Technologies Responsibly
As we look ahead to 2023, technologies such as AI, ML, IoT, Blockchain, AR, and VR are poised to revolutionise many industries, including the FSM sector. With this in mind, we aimed to assist FSM professionals as they navigate these changes.
Historically, the FSM industry has been slow to adopt new technologies, despite its size and importance. However, we have seen a shift in attitudes towards innovation and customer-centricity, with key stakeholders now embracing these values and making it easier for i4T Global to gain traction in the market.
At i4T Global, we attribute our success in incorporating these cutting-edge technologies to our methodical approach to inclusivity and sustainability. To incorporate these evolving technologies into our ecosystem, we took the following steps to make i4T Global a profit-for-purpose organisation.?
Here is a video clip of my interview on?KalkineTV ?where we discussed about how to protect and enhance the value of property assets with our i4T Global FSM ecosystem.
What’s Next for i4T Global?
The global Field Service Management (FSM) market size was valued at?USD 3,677.69 million in 2022 and is expected to expand at a CAGR of 8.82% during the forecast period, reaching USD 6,106.33 million by 2028.
As a company, we have spent significant time and resources in preparing ourselves for this global expansion. Our team has worked diligently to understand the various cultural and business practices of our target markets. We have also made significant investments in technology infrastructure to ensure that we can seamlessly operate in different time zones and language settings. In addition, we have established key partnerships with local businesses and experts, who will help us navigate the unique challenges that come with expanding into new territories.?
With these preparations in place, we are confident that we are ready to take the next step in our growth and embark on a successful expansion to make a greater global impact.
Parting Thoughts
Our journey of i4T Global has been nothing short of a roller coaster ride.?
As you embark on your own global journey, I have some additional tips that I believe will be helpful for you to keep in mind:
It's essential to understand that embarking on a global opportunity is no easy feat. Challenges are inevitable, and it's crucial to be ready to handle them while maintaining your sanity and being frugal with your finances.?
At i4T Global, we have persevered thus far, and with unwavering dedication and persistence to our purpose, we are confident in our ability to face future obstacles and achieve even greater success.?
We are taking 2023 by the horns; are you ready??
Startup and Scaleup Focus ? Global Go To Market (GTM) ? International Growth ? B2B Growth Strategy ? Sustainability & Climate ? Advisory Board ? Leadership ?
1 年Sachi, thanks for sharing! Very Interesting
Senior Business Analyst at Qatar National Bank
1 年Congratulations Sachi and the team for this incredible achievement, super
Chief Operating Officer - Asset Digital (Pvt) Ltd | Driving Transformational BPO/KOP Solutions | Enhancing Client Success through Strategic Partnerships & Operational Excellence | Strategic leader | Business Consultant
1 年Congratulations Sachi ?? ??
Gartner's CIO, CISO & CHRO communities
1 年Love it. Great photo. See you at FSM 2023!
Owner at choklits.au
1 年Great stuff Sachi, inspiring as always ??