The “Why?”
Keeping Our Seniors Safe, Independent, and in their home.
If we are lucky, we have parents into a ripe old age, but we don't have excessing resources for nursing homes that are no longer capable of caring for seniors in the medium to low-income range. What is needed are intelligent AI apps to serve them, keep our parents mobile and independent, and keep us (children) connected to changes that occur for a reasonable monthly rate.
I don’t want my amazing, intelligent Aunt to be frustrated at 92 about getting home or going to the store or her friends. I don’t want anyone’s mom or dad to lose their mobility due to random memory events.
Executive Summary
NH Advanced Database Technology LLC (NHADT) is a company dedicated to developing an AI-powered navigation app specifically designed for senior citizens. The app will utilize Google Maps API to provide seniors with real-time directions, voice-activated navigation, and a friendly chatbot to assist them in their journeys. NHADT aims to empower seniors to maintain their independence and mobility by providing a user-friendly and reliable navigation solution.
Problem
Millions of senior citizens face challenges with navigation, leading to feelings of isolation, frustration, and dependence. Traditional navigation solutions often lack the features and accessibility that seniors need, making it difficult to get around their communities independently.
Solution
NHADT's AI-powered navigation app, The NANCE, will address these challenges by providing:
· Real-time directions with voice-activated guidance: Seniors can easily navigate to their destinations without typing or tapping on the screen.
· A Friendly chatbot for assistance and companionship: The chatbot will provide personalized assistance, answer questions, and engage in conversation to help seniors feel less alone.
· AI-powered detection of circling or lost behavior: The app will alert designated family members if a senior is detected driving or walking in circles, indicating that they may be lost or at risk.
Market
The target market for NHADT's navigation app is the rapidly growing population of senior citizens worldwide. According to the United Nations, the number of people aged 65 and over is expected to reach 972 million by 2030, representing a significant market opportunity for innovative solutions that address the needs of this demographic.
Business Model
NHADT will generate revenue through subscription fees and partnerships with senior living communities and organizations. The app will be a subscription service for individual users, while senior living communities and organizations will pay a discounted rate for bulk subscriptions. NHADT will also explore opportunities to integrate with existing healthcare systems and insurance providers.
Financial Projections
NHADT projects profitability within three years, with revenue generated from subscriptions and partnerships growing steadily. The company expects to launch the beta within 18 months from resource acquisition to break even in year three and achieve significant financial growth in subsequent years.
Resources Needed
To successfully develop and launch the navigation app, NHADT will need the following resources:
· Financial Resources: Initial funding of $1 million* will be required to cover development costs and salaries. This funding can be secured through personal investment, angel investors, venture capital, or government grants.
· Human Resources: NHADT will need to assemble a team of experienced professionals with expertise in mobile app development, AI technology, database expertise, user experience design, and testing. This team will be responsible for developing the app, integrating it with Google Maps API, and conducting user testing.
- o Data Engineer
- a Note: William J Ritchotte II has been a database expert for 30 years and will serve as that department's leader.
- o Software Engineer
- o Data Scientist
- o AI Engineer
- o Product Manager
- o Quality Assurance
Technical Resources: NHADT will need access to software development tools, cloud computing infrastructure, and data storage solutions to support the app's development and operation.
Timeline
NHADT expects to complete the navigation app development within six months and launch it to the market within 12 months. The company will then focus on marketing the app to its target audience and expanding its partnerships with senior living communities and organizations.
Conclusion
NHADT's AI-powered navigation app has the potential to revolutionize the way senior citizens navigate their communities. The app's user-friendly design, advanced AI capabilities, and integration with Google Maps API make it a valuable tool for empowering seniors to maintain their independence and mobility. NHADT is committed to providing seniors with the necessary resources to live fulfilling and independent lives.
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