Data Institute products are
usually sold as a DVD and the data on that DVD is generated at the time
of the order; however as soon as the data is produced it will inevitable
start to become out-of-date as new forecasts are generated based on
subsequently defined forecasting factors. In many dynamic markets the DVD
product may not be a sufficiently current database for corporate
planning purposes. Sometimes one may need a real-time database with
dynamic forecasting and modelling capabilities.
The Data Institute can provide
Online Access if a client requires real-time up-dating of the database.
How does it work?
A client specifies the database(s) needed and this
database is held exclusively for that client on a dedicated server.
The client then can access this customized database as and when required
and/or download the database components for the client's in-house purposes.
Once the client has
specified the required parameters we will then provide a
quotation for an annual contract. The cost of the Online Access
service will depend on the client's requirements and the
availability of our computer capacity.
Clients should note
that these are large databases which frequently exceed 10GB of
data. Thus clients should consider obtaining a physical copy (on
hard drive or DVD) for installation on their own computer
systems; rather than attempt to download the entire databases
How does one specify the
A client company
may frequently have product offerings which span a number of
product group and market segments and experience has shown that
many clients prefer to specify multiple product or market
sectors which are output into a single, multi-layer, database.
This ensures that the macro and micro economic forecasting
factors and parameters used are the same (i.e. all have the same
forecasting and modelling concurrency) for the entire database.
We can offer databases with up to 5 product groups or market
sectors and clients can 'pick and mix' the individual databases
they need and have them output as one entity. It is less
expensive to produce a mutli-layered database at one time than
separate databases at differing times and this is reflected in
the cost of the service.
How often can one re-run the
It is up to the
client to decide when the forecasting models are re-run and
databases are re-generated. This decision is left to the client
as the client knows best exactly how and when changes in the
economic, market or industry conditions will effect their own corporate
The standard annual
contract allows for 12 annual up-dates and the client can chose
whether those up-dates are generated on a fixed timetable or
whether they will be ordered at the client's discretion.
Scheduled up-dates do
not need to be on a fixed interval; thus, for example, a client
may wish to schedule multiple database up-dates in December and
fewer up-dates in January or August.
than 12 up-dates can be ordered for more dynamic markets or
industry situations and we will quote for this accordingly.
Where clients chose a
fixed timetable up-date, the new data is available for online
access at 00.01hrs GMT on the day of the scheduled up-date.
Where up-dates are ordered at the client's discretion then the
new data is available for online access within 60 minutes of the
client's instruction to up-date.