John Chang founder of KAI Consulting – the home of industry efficiency software OctopusPMI shares his thoughts on a moment of change for the industry.
Technological advances over the last few decades have and will continue to shape the landscape of our business. Our desire to consume the moving image has grown without cease, from film, to television to smart phones on the move – all made possible by the internet, 5G infrastructure and satellites. And it does not stop there as we add AI into the mix.
KAI serves this media sector whose business centres on the production of film and television programmes. We are proud to say that our customers produce some of the most notable hits of the era, from Traitors to Peaky Blinders to Blue Planet.
During this time new players like Netflix, Disney, Amazon and Discovery have increased their footprint in production, alongside the traditional ITV Studios, BBC Studios, NBCU/Sky and Channels 4 and 5.
A big part of the changes we’ve all experienced has been the well documented shrinkage in advertising budgets alongside the way IP is delivered, such as pay to view. Production budgets have been drifting downwards resulting in tighter profit margins.
This is the new reality – our brave new world, and we fight every day to make sure quality does not suffer. But what else can we do?
I would like to bring a glimmer of hope and good news! At KAI we see solutions to these problems via new tools which help manage costs and expenses better. The new generation of prepaid business expense cards reduces the administration of production related expenses significantly.
Used in combination with popular integrated Production Cost Management systems like our own OctopusPMI, production teams can manage their cost in detail, accurately and effectively.
Functioning in real-time, this easy to use technology allows you to see exactly where your costs are at any given time, down to the most recent posting of purchase orders or batch of invoices received.
OctopusPMI has been the choice of the All3Media Group for over two decades; Banijay UK for over 15 years, as well as BBC Studios , October films, Nutopia and Fulwell 73. This is real proof from colleagues inside the industry that it really does work!
OctopusPMI is delivered to you via our consultancy at KAI, where we offer an unbeatable quality of service. This is what keeps such major players collaborating with us over such a lengthy period. So, if you have never used a system like this before, it is time to try us.
To this end, we would like to offer you a complimentary consultation to find out exactly how we can help.
Contact KAI today and start your own long relationship with one of the most experienced and helpful teams in the business.