Please suggest a business idea of your own and make a SWOT analysis of your idea. Please note that while you are expected to come up with a “good” idea it is quite possible that your SWOT analysis may show that your “business idea” may not be very promising. In answering this question you are expected to be original – this means no repetition of business ideas that we have seen in class and no repetition of what other students have thought up. You can be sure that I shall be closely following any similarities in answers.
BUSINESS IDEA - PRODUCING PHYSIOGNOMY SENSOR FOR THE AUTOMOBILE INDUSTRY
We know that there has been increasing number of road accidents occuring. This product, PHYSIOGNOMY SENSOR will be artificial intelligence based. It will analyse the driver's state, both physically and mentally, whether driver is completely alert or not while driving. The product will raise an alarm in the vehicle on detecting any kind of abnormality in the driver's state of driving.
SWOT ANALYSIS
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