Mind-Reading Shopping Cart: Business Model

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Table of Contents

List of Innovative Ideas
Mind-Reading Shopping Cart
Business Model Canvas
Value Proposition Design

List of Innovative Ideas

Nanostructured glass storage device

The ability of nanostructured glass to save and store digital data provides an option to store the data safer and longer. The system offers up to 360 Terabyte capacity for storage with thermal stability 1000C.

Artificial blood vessels

Duke University scientists have developed a way in which artificial blood vessels can be created to conduct alternative medicine trials without involving humans. The vessels are smaller than their prototypes. This allows them to build much faster.

Respiratory Sound Visualizer

The application is created based on a mathematical formula that was derived from the breathing patterns of eight hundred patients with respiratory disorders. The program can compare the breathing sound of the patient and the sounds in the database to come up with a diagnosis.

Damaged Food Sensors

The damaged food sensors created by the MIT scientists can detect food products that have gone bad and prevent blood-borne illnesses as well as reduced food waste.

Electric Clothes

Physicians from Wake Forest University have developed clothing made from a special fabric that converts differences of temperature within the clothing into electricity, so a person can easily power a Kindle or an MP3 player.

The Morning Multi-Tasker

Since screens confine laptops and tablets to a screen, the Frog corporation has decided to create an “Iron Man” inspired platform that can turn an entire room into a big screen.

Synthetic Alcohol

The Imperial College London scientists are working on a formula for a new type of alcohol – synthetic alcohol that will not cause hangovers or any other issues linked to drinking. It will take a form of a flavorless additive that one can put into a non-alcoholic drink.

Teeth that Think

The Princeton and Tufts researchers are developing a tooth sensor that can alert the user in case of any dental issues and also notify a dentist on a problem so that there is pressure on a patient to book an appointment. The sensor has already been used for the identification of saliva bacteria linked to cancer.

Sleep Mining

A small sensor worn during sleep can detect and diagnose diseases in their early stages as well as keep an eye on the patient’s health overall. The technology can look for schizophrenia, Parkinson’s, Alzheimer’s and other disease symptoms in the brain.

Depression Blood Test

Since the scientists detected blood molecules that relate to depression. Thus, the Ridge Diagnostics scientists are working on a special test that determines biological markers that affect depression.

The CSI Cleaning Products

Harvard University researchers are developing household products for easier cleaning. For instance, when a cleaning spray hits the surface, it will bind the bacteria and turn a color that designates the bacteria type.

The Endless Gardner

With the use of wireless soil sensors and equipment linked to GPS gardeners will be able to find out which exact spots will need attention. Currently, scientists are working on a technology for gardeners to detect bug infestations of any soil deficiencies.

Robo-Petting

Since petting an animal has proven to reduce blood pressure and release endorphins, scientists have created hypoallergenic “smart fur” that mimics the reaction of a live animal for those who are in hospitals or have an allergic reaction to real animal fur.

The Two-Bulb Torch

Creating a torch that has an additional bulb so that the light also falls on the user’s feet is useful for those who walk behind.

Analytical Underwear

Now underwear can encourage working out. The Finnish company Myontec has created underwear equipped with sensors that tell how hard the user works on his or her muscles. Even though they are mostly useful for athletes, people with a deskbound lifestyle can also benefit from it.

No-Hands Hair Washing

The user leans back into a machine that detects the scalp and shoots shampoo with warm water before silicone ‘fingers’ work up the lather and washes the user’s hair. The hair-washing experience ends with conditioning mist and a blow-dry.

The Congestion Killer

Adaptive Cruise Control (A.C.C.) is a congestion relief program that is created for maintaining the required distance between cars. By installing A.C.C. into a car, a driver can smooth the reactions and keep the speed on neutral levels.

Anti-Theft Bike Handlebars

A solution for bike stealing in the form of an internal lock that blocks when the handlebars are turned. With this internal locking system, the thief cannot ride it because of the blockage.

Bat-Winged Drone

The University of Southampton scientists have created a drone equipped with wings made from electrically active polymer membrane that allows for changes following the conditions during the flight.

Edible Spoon Maker

The Edible Spoon Maker is an eco-friendly project that makes it possible to bake spoons from the dough. It takes only three minutes to make the spoons that can be flavored and then eaten.

Self-Parking Desk Chairs

The self-parking chairs created by Nissan are equipped with technology and powered wheels that allow chairs to park into a designated place and freely navigate across the room.

Self-Refillable Water Bottle

The water bottle created by Fontus can draw moisture from the air and condense it for creating water that can then be drunk. As stated by the developer, the water bottle can produce up to half a liter of drinkable water.

Contact-Free Thermometer

Developers of the Flo company have created a contact-free thermometer that can measure temperature when brought near the forehead. This makes the process of measuring children’s temperature for parents much easier.

Anti-Slouch Screen

The Philips Ergo Sensor Monitor is a technology that reminds the user to sit straight. This helps avoid tired eyes and back pains. Also, the screen reminds the user to get up and have a break.

Body Login

It has been proven that the movement a person makes to answer the phone cannot be repeated by anyone else, similar to a fingerprint. This makes for a much reliable password that is impossible to replicate.

Mind-Reading Shopping Cart

By uploading a shopping list to the application and going shopping with a Chaotic Moon Labs cart, the user can quickly find necessary products with the GPS navigation technology. Furthermore, the cart can scan all purchases thus avoiding checkout lines.

Edible Food Packaging

Since juice cartons and water bottles go straight to garbage bioengineers have come up with an alternative. The packaging will look like shells or films that can be eaten or tossed out because of their biodegradation qualities.

Better Sleeping Pill

Merck researchers have come up with a pill that can put a person into a narcoleptic state for a night. Unlike any other sleeping medication that induces sleep, the new pill can ‘turn off’ the wakefulness.

Clear Solar Panels

The Ubiquitous Energy team has created a new unconventional transparent solar energy coating made from organic molecules that can transform smartphone screens into collectors of solar power.

The Electronic Tattoo

The electronic tattoo created by Chaotic Moon is able not only to track vital processes within the body like heartbeat and temperature but also to authorize payments via Bluetooth.

Mind-Reading Shopping Cart

A useful device for those who think that grocery shopping is a burden. The shopping cart will be equipped with a Kinect sensor that is synced to the user’s smartphone that can control the motions of the cart. By uploading a shopping list into a program, a user will be guided by a shopping cart through the grocery store to pick the necessary products without looking for ages for them.

The cart will provide information on the selected products as well as customer reviews so that the user knows what product is worth buying. Furthermore, the cart will be equipped with voice recognition technology so that the user can ask for more information when needed. Furthermore, the software will be able to warn the user about products that do not fit the user’s dietary standards.

Lastly, to avoid wasting time at checkout, the cart will be able to scan all purchases and accept digital payment.

Business Model Canvas

Value propositions

Professionals are essential when it comes to the development of an innovative product.

Customer segments Mass market: busy moms, working-class that has little time for shopping; the elderly that need help with grocery shopping.

Customer relationship

Channels

Revenue streams

Revenues from the sales of the product.

Key activities

Activities related to the development and production of the product as well as its distribution and marketing.

Key resources

In a digital age, key resources of product marketing are advertisements and social media.

Key partners

Shopping centers and grocery stores can be beneficial partners when it comes to such a product. Software developers can add value by adding new options to the product.