CLIENT PROJECT SCOPE: IMPACT OF BREXIT REFERENDUM ON INTERNATIONAL DRIVERS;A CASE OF AI CORPORATIONS
- oa21acn
- Mar 25, 2022
- 3 min read
Background
AI corporations is a Fin-tech company founded in 1998 in the United Kingdom. They are known for developing innovative technology and providing solutions to some of the world’s largest financial institutions and international merchants like Shell, Barclays, Visa and Worldpay by offering fully integrated and automated end-to-end payment solutions with advanced security capabilities, requiring minimal human intervention. AI corporations offer services in fraud prevention and risk analytics, White label payment solutions, and enterprises services. The company is currently led by Mr. Mark Goldspink. As of March 2022, the company has an employee Base of 115 which consists of 86 men and 29 women. These staffs are spread across two headquarters, one in Woking, England, and the other in Dublin, Ireland.[1]
In 2017, the company delves into working on an expansion strategy and added a card issuing platform (EazyFuel) which specializes in fleet and fuel card payments. This platform helps customers to maintain control of spending, supports promotional offers in terms of discounts with improved acceptance which is determined by loyalty and recognition depending on the type of card. [2]
AI corporation has contacted ACN Business Consult to research the impact of Brexit proposed restrictions on international drivers to understand how this might affect have affected their business and the new fuel card system so far.
Proposed Project
The United Kingdom cast a ballot to leave the European Union on 23 June 2016, which prompted a striking change in the financial business sectors.[3] After this development, there have been mixed reactions to the referendum one of which is the economic impact it had on the country which leads us to the problem at hand. As a business in the financial sector, and because Brexit has a huge financial and business impact; in the case of AI corporation, then it is important to know how this referendum has affected so far or might continue to affect business in the case of AI corporation.
The overall aim of this project is to investigate and analyse how the Brexit referendum has affected international drivers about AI corporations with the following objectives;
To investigate the customer database and determine if there are any changes in the AI corporation fuel card usage post-Brexit.
To understand if these effects as a result of Brexit will continue or change.
Value Expectation: Results from this research will help AI Corporation stakeholders make informed decisions about products and promotional offers for their customers.
Project Scope and Exclusions
As described in the proposed project, this project will focus on the effects the Brexit referendum has on international drivers in respect to AI Customers. (i.e., customers that use the EazyFuel platform) through secondary research. However, the data provided by the client will be analysed and used to determine the trends of its business operations post-Brexit and conclude if this trend will continue or be subject to a change. If the data provided is not adequate and the client cannot provide more data, we will explore a secondary data option such as UK open data.[4]
This project will exclude the following;
This project will exclude all other impacts or policies of Brexit that do not directly affect international drivers.
This project will exclude implementing any solutions for AI corporations.
Any policy outside Brexit that affects international drivers will not be considered.
Resource and Data requirement
For the purpose of this research,
The project will rely on human resources (AI corporation staff, ACN Business Consult and the University of Hertfordshire)
The client will provide Data from the EazyFuel Platform intended for analysis.
This project will rely on secondary data Such as; published articles, peer-reviewed journals, and factual information from Government websites.
The project will rely on software like R studio and excel for analysis.
Key Risks
Key Assumptions, Constraints and Dependencies
Some of the assumptions made are listed below;
The customer data the client will be providing follows the United Kingdom General data protection regulations (GDPR).
The project has the full support of the client (AI corporation), the university, and the university staff (module leader and the project supervisor).
project milestones and deadlines are achievable
Constraints & Dependencies
Time: The time for the project delivery has been pre-planned and has to be tracked thoroughly.
Effective Communication between all parties involved in the project
All resources have to be Available
Roles Responsibilities and Channels of Communication.
Channel of Communication
All communications will be via Emails, Virtual meetings (Zoom or Microsoft Teams meeting) and physical meetings.
Project Plan
some of the key task and milestone to be completed during the project execution are listed below:
References
[1] The AI coporation about
Available at: https://www.aicorporation.com/about-the-ai-corporation/
[Accessed on 3rd March, 2022]
[2] Client Introduction video
Available at: https://herts.instructure.com/groups/57354/wiki
[Accessed on 10th March, 2022]
[3] Usman Bashir, et al. 2019. Physics A: Statistical Mechanics and its Applications. Differential market reaction to pre and post Brexit referendum, Volume 515, pp.151-158.
[4] UK Open data
Available at https://data.gov.uk
[Accessed on 23rd March,2022]
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