ACT - what does it actually do?!21 May 2014 10:40
I'm really pleased with the interim RNS from Actual Experience today. I continue to be impressed with this company and a little surprised as to why it has attracted so little attention from investors since float. Maybe it's because it's a pure-bred longer-term growth company and not a 'pump and dump' opportunity? Maybe its float was almost too successful? I guess we've also experienced a de-risk in recent months, too....
Anyway, I thought the section from the CEO's report which I've posted below explains very clearly what ACT actually does and the real extent of the global opportunity it has. The whole RNS is worth 5minutes of anyone's time but start with the short paragraph below if you have a minute.
In terms of its current client list, current investor quality, IT consultant feedback, management energy and its disruptive capability, this company is perhaps the most exciting one I've found in recent years and I'm not a histrionic type of investor, far from it. I do hope other investors will take a look over the next few months....
Chairman and Chief Executive Officer's Report
Introduction
While in more established industries, such as car or electrical goods manufacturing, we expect and invariably receive high quality products, in the digital world this is simply not the case.
Our experience of digital services at home (YouTube, shopping, working from home), in the office (email, SharePoint, browsing the web) or on the phone (apps) can at times be frustrating to the point of giving up.
After decades of massive investment in global digital infrastructure and products, how can digital service quality be so poor?
We can see from our work at Actual Experience over the last five years analysing both consumer and business products and services that there is sufficient capacity to deliver very high quality digital products in many parts of the world. Our recent work for Ofcom, analysing Digital Britain, reinforces this point, even for many remote rural parts of the UK.
The answer is not the individual digital factories that make up the global digital economy either; the innumerable ISPs, data centres, carriers, exchanges, applications, and services businesses. We can report that digital factories are generally well managed, the lights are green, and all is well. These are well run businesses.
But, put a series of well managed digital factories in a chain - something necessitated by the delivery of digital products - and digital product quality becomes variable. Seemingly benign performance variations within a factory, which are well within factory design tolerances or contractual agreements, are responsible for pushing our experience of digital products over a cliff.
The answer is to manage the digital supply-chain.
READ MORE IN TODAY'S RNS....
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