Botlyst is a knowledge worker bot platform that builds bots for teams to access reports, dashboards and databases more easily. The bots allow users to have natural language conversations to quickly obtain specific information without spending a lot of time digging through interfaces. It aims to replace 40% of analyst tasks and decrease response times from days to minutes. Competitors include Thoughtspot, Catalytic and Automated Insights. The founders plan to build working bot prototypes, develop the platform, acquire customers and raise funding in 2018. The team consists of the founder and 4 advisors with relevant startup and business development experience.
2. Product proposition
Leaders/Product Managers/Business Managers
Botlyst bot built for that
team
Reports/Deck
- Lot of digging in (time/effort) for
the right info.
- Limited data available
Dashboards
- Digging in (time/effort) through
filters, charts, trends for specific
info at a particular web link
assuming dashboard built for
that info.
- Limited data available from the
database.
Database
- Requires querying knowledge or
analyst/tech time.
- Analytics teams prioritize
requests & get back in 2-3
business working days
- The bot for that team is built by
an in-house analyst or our
consultant by using our bot
platform.
- With bot platform the natural
language conversation part,
interface is taken care of.
- Easily connect to chat, SMS,
Email, Slack.
- Easily connect to databases and
user tables built.
3. Competitors
Thoughtspot.
Catalytic
Automated Insights.
Analysts/tech who can build such bots themselves (takes lot of time, learning curve for a replacing
analyst).
Potential new entrants or existing companies (Slack enterprise chat, Twilio platform to build generic
bots, AWS host of cloud services including Lex, Comprehend) focusing on this niche.
Our key differentiator
Focus on the niche of knowledge worker enterprise productivity.
Platform agnostic (supporting MS, AWS, Google Cloud, other databases and all communication paltforms
Slack, Skype for Business, Lync, Gchat etc.).
4. Market
49.51 billion by 2021 (Enterprise Collaboration Market)
Slack (Enterprise chat tool) has 2 million paid individual users and growing.
.And several other such claims available online.
We estimate removal of 40% of tasks of an analyst and increased responses time (from 2 business days to <1minute) in
case of analysts and (15 minutes to <1minute).
- $32k/analyst/year saved.
- Increase in productivity - $1500/analytical asks(analysts), $25/question (dashboards having the same info),
$25/question (on reports on having the same info)
- 2 questions+asks/day/manager or leader on an average.
- An organization with 500 managers/leaders would have 200,000 questions per year.
- Assuming 50% analyst asks and 50% reports/dashboards it saves 150 million + 2.5 million for 1 mid size org.
5. Roadmap - 2018
Stage 1 Built working bot prototypes. Designed the bot platform. Estimated cost
and effort. Hired developer to build it.
Stage 2 a) Looking for customers b) Raise funding to build the bot platform
where analysts can create enterprise bots specific to the teams and market the
same.
Stage 3 Acquire paid enterprise customers.
6. Team
Founder Uday Krishna.
4 Freelance Supporters/Advisors 1 in California with startup business
development background to enterprises, 1 in DC with startup business
development background to small medium businesses, 1 in Bangalore with
experience in selling to European enterprises, full-stack developer in Ireland.
Institutions that brainwashed me:
7. Institutions that brainwashed me:
and many more (7 schools across
India).
Organizations I sold my time to: Other addictions Im trying to get rid
of:
- Movies.
- Travelling.
- Internet - Reading.
About me
Other Info:
- Sold post cards in 6th grade
arbitrage.
- Built and ran a freelance
content writing business while
in undergrad.
- Attempted a web startup in
2012 in Bangalore.
- Ex Jagriti Yatra participant. .