The document summarizes a report on opportunities for businesses presented by the aging population. It identifies that 70% of businesses overlook the aging market and that seniors prefer products that don't emphasize limitations. It then defines the problem as a lack of suitable products/services and missed market opportunities. Three concepts are brainstormed: an interactive health monitor, senior-friendly home automation, and a community engagement platform. Each concept is then prototyped and feedback suggests simplifying interfaces, addressing privacy, and allowing customization.
The document summarizes a report on opportunities for businesses presented by the aging population. It identifies that 70% of businesses overlook the aging market and that seniors prefer products that don't emphasize limitations. It then defines the problem as a lack of suitable products/services and missed market opportunities. Three concepts are brainstormed: an interactive health monitor, senior-friendly home automation, and a community engagement platform. Each concept is then prototyped and feedback suggests simplifying interfaces, addressing privacy, and allowing customization.
The document summarizes a report on opportunities for businesses presented by the aging population. It identifies that 70% of businesses overlook the aging market and that seniors prefer products that don't emphasize limitations. It then defines the problem as a lack of suitable products/services and missed market opportunities. Three concepts are brainstormed: an interactive health monitor, senior-friendly home automation, and a community engagement platform. Each concept is then prototyped and feedback suggests simplifying interfaces, addressing privacy, and allowing customization.
Justiniano Midterms Written Report TN26 February 06, 2024
Empathize:
70% of businesses disregard the aging population.
Products that don't highlight age or limitations appeal to seniors. Seniors who are financially secure, socially involved, and active dispel stereotypes.
Define:
Problem: Lack of attention and suitable products/services for aging population.
Missed market opportunities due to companies' oversight. The shift in demographics towards an older population offers business significant opportunities
Ideate:
Brainstormed ideas:
1. Interactive Health Monitoring System
2. Senior-Friendly Home Automation 3. Community Engagement Platform