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A contact lens that is able to capture photographs and videos

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 Please watch the videos below to understand the idea :

Tech Design Idea: A contact lens that is able to capture photographs and videos. This lens would be connected to an external device that would store the captured footage. It would be activated by the blink of that eye. It would be differentiated from a normal blink by holding it for a certain period of time or a specific pattern( we could even use an external device like a small remote). 

Mojo contact lens, google are our competitors. This contact lens idea is similar to mojo lens but mojo lens did not have capture photographs and videos feature. So, this the main difference then the mojo lens which is solving the world problem. For more information on my idea you can use the resources provided below.

Due Date: please do it in 24 hours before 5th December.

I would highly recommend watching the YouTube videos I have linked in the resources down below to familiarize yourself with the idea. 

Useful Resources:

https://www.youtube.com/watch?v=Ass228vO4gI

https://www.youtube.com/watch?v=DHBrdtQBvhg

https://www.mojo.vision/mojo-lens

https://futurism.com/sonys-new-contact-lenses-let-record-store-everything-see

https://edgy.app/sony-video-contact-lens

My part is highlighted in yellow only on which you have to make PPT slides, speaker notes and my part report:

MIS-2000- Group Tech Design Project Outline

Paper and presentation guidelines (points to address in your report and presentation)

Overview

  • Identify the problem you are trying to solve (it should be viable in the current tech space) 

  • Name of your technology product

  • Identify your customer segment (e.g. recent parents, high income) 

  • How does your technology solve the problem?

  • The technology that is being used 

  • Describe the input, process, and output

  • What is the user experience (UX) like?

  • A mock-up of the user interface (don’t have to be super slick. You can use word or PowerPoint in lieu of graphical software, but be creative!) At least show 3 “screenshots.” You can use Photoshop!

  • Discuss any potential ethical (not all of you will have ethical issues) or cybersecurity concerns (but most of you would have cybersecurity issues)?

Business Plan

  • Who are your competitors that are doing the same thing? 

  • What are the substitute products?

  • Why should your customer segment use your technology product? (i.e. how is your product different than everyone else’s? You can compete on price, but it needs to be viable)

  • How do you secure your supplier power?

  • How do you lower your consumers’ buyer power? (If you have to buy, how do you raise your buyer power?) 

  • How do you make it hard for new entrants?

Pricing

  • How much will you charge for the product or service? (The price can move around. It doesn’t have to stay at one price forever. Read up on different strategies: loss leader

Cost

  • How much do you think it would cost to design and implement all of this? 

  • How many people would you need? Each doing what tasks? 

  • How long would it take?


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