Bloomberg Government Data License

**Overview**

Bloomberg Government Data License is one of the largest sources of quality federal government contracting opportunities and market intelligence data, designed to optimize the steps in the federal government contracting lifecycle. With over 31+ million government contracts updated daily and over 10 years’ worth of historical agency spend, Bloomberg Data license provides valuable context that helps federal contractors set current strategies and make long term business decisions. Based on historical market data, our machine learning algorithms (which are incorporated into this dataset) help predict the value of agency information, provide insights into which competitors might bid on the same project and the companies that might be best fits for partnership or acquisition.

**Use cases**

Customers want our bulk data on federal contracting opportunities so they can incorporate/layer their proprietary data to perform analyses relevant to them. Without Data License, they are not able to have this comprehensive data set at their fingertips to:

- Understand the market(s) they participate in, any new / adjacent market(s) they should start participating in, and the market(s) their competitors are in to inform their business strategy, investment decisions, and/or research and development direction.

- Find relevant, open federal contracting opportunities available in their target market(s) that meet their specific requirements to build a pipeline of opportunities to pursue and win business.

- Gain insight into where their competitors have expiring government contracts / licensing agreements that can be acquired.

- Explore well-placed partner companies with that will help them win relevant federal contracting opportunities.
- Use BGOV data to power self-service dashboards for use by business development, capture, and account team member. Enable them to get on-demand answers to frequently asked questions around agency spend, competitive landscapes, and potential partners.

**Product details**

16 data tables related to government contracting to fuel decision-making and resource allocation

- Leading Indicators – Budget Data: Where is the government going to be making future investments?

- “As Is” Indicators – Procurement / Solicitation Data: What does the government have an active requirement for a given solution / product / service?

- Lagging Indicators – Historical Contracting Data: Where has the government spent money in the past and which companies won that work?

For more details, refer to the embedded notebook.

**Key Customer Challenges**

- Inability to track trends and forecast contracting opportunities: Customers want as much historical federal spending data as possible so that they can anticipate the final details of expected government agency budget allocations and priorities. The lack of easily accessible insights into past and current opportunities, combined with the dynamic nature of the government, makes it hard for government contractors to forecast and develop growth strategies for their business that align with government priorities.

- Lack of Visibility into New and Adjacent Markets: Customers need to source opportunities in new / adjacent parts of the government where they do not have a footprint. They also want to make sure that they have not missed opportunities that they are well-placed to win – but have not been identified by their sales / business development teams. The lack of easily accessible information on these opportunities make it difficult for government contractors to translate strategic operating plans into active sales pipelines.

- Data Accuracy, Validation, and Discovery is Complex and Costly: Customers spend hundreds of thousands a dollar per year (in a labor intense, manual ways) collecting data from various sources to develop strategic operating plans and budgets that align with federal priorities. They want to be able to save the time, resources, and effort associated with data gathering and data cleansing to obtain the information they need.