subject: Why Are Web-based Business Intelligence Services So Essential For Defence Contractors? [print this page] Defence contractors would do well to subscribe to a web-based business intelligence service which delivers precision market intelligence about the defence sector across the world. You will receive the latest information about industry developments direct to your desktop, enabling you to take swift and informed tendering decisions.
As a service supplier to the defence sector, you know the importance of receiving timely information on contracts. A late tip on an upcoming opportunity is as good as none. However, you need dependable sources to keep you apprised of developments in the sector, or you might come to know about an opportunity only once the tender notice has been published.
Standard procedure regarding business intelligence used to be to link up with a news agency who would supply you with defence-related news and published tenders daily. With the advent of the internet, these agencies have been replaced by web-based intelligence providers who can deliver precision market intelligence. These providers send email alerts daily to their subscribers about the defence fields selected by them as relevant to their business offering. Subscribers receive information about industry developments direct to their desktops, arming them early with the forward information they need to win new business.
There are companies which ensure that you receive the latest relevant contract notices at the earliest opportunity, helping you win tenders and grow your business. These providers keep you in touch with procurement opportunities and other initiatives across the defence industry.
Reputable agencies typically have three subscription levels, giving access to UK, European and global defence opportunities. You can choose any level according to the size, capacity and goals of your business.
Subscribers will also have access to an exclusive Members area where they can review their profile results from the previous calendar year to identify any market trends which may have emerged. Agencies using the latest technology even enable subscribers to view the latest contract results on an interactive map, illustrating the volume of contracts matching their tailored search criteria. As a subscriber you can store specific searches and easily view previous contract alerts.
The global defence budget is rising, meaning there is immense opportunity for you. World military expenditure in 2009 was $1539 billion; a 15% increase on the 2005 figure of $1328 billion.
With growing terrorist threats, homeland security requirements have increased across the globe. Take the USA, for instance. The defence and security sector now includes more than 30,000 companies doing contract business with the federal government. Main demands in the sector include for data-processing services, alarm and security systems such as baggage screening machines, radio navigation equipment, and so forth. Requirements in the homeland security sector can differ from more traditional defence procurement requirements.
Reputable defence publications such as MOD Defence Contracts Bulletin can provide you with valuable insight into the demands and dynamics of the sector, with news, analysis and feature articles on the latest defence and security-related developments.
Look for an agency which enjoys an impeccable reputation for reliability, accuracy and impartiality of information and advice. In a specialised field like defence, you need a trusted resource you can rely on to help win new business and broaden your service offering.
