Artificial Intelligence App Development For Old People

Question

Task: The objective of this individual assessment submission is to learn how to develop your own business idea, complemented by research and observational insights that detail why the need is compelling. Please submit a 1500-word business report of your idea, a detailed business model (BM) canvas, discussion of the interrelationships among the BM components that are essential to success, critical risks and assumptions, and overall feasibility. The business model canvas must be discussed in the report and included as an appendix.
The assessment criteria are detailed below.
Assessment Criteria:
1. Effective explanation of the customer/market problem that needs solving and/or the reason the innovation is required. (15%)
2. Persuasive argument of the customer/client benefits to be generated by the idea (10%)
3. Discussion of the proposed business model (15%)
4. Identification and discussion of the key interrelationships in the BM that will support success of the idea (10%)
5. Critical success factors to be managed during execution of the idea (15%)
6. Identification of critical risks and assumptions (10%)
7. Evaluation of the overall feasibility of the idea (15%)
8. Quality of written submission, minimum 6 peer-reviewed journals, and APA referencing format (10%).

Answer

Executive Summary:
The main objective of the report is to assist the senior citizen of Australia with AI technology to keep their health in a better condition. For artificial intelligence app development, the company need to survey the current market to understand the requirements, then initiate artificial intelligence app development with their technical team and be partnered with the local healthcare centers and medical shops. With proper marketing the target customers will understand the advantages fo the app and they will adopt it. To evaluate the feasibility of the success in this newly innovative business idea the company needs to develop the proper strategy with the business canvas model.

Introduction:
New technology has made healthcare more capable to fulfil any demands from their patients. Therefore, people nowadays expecting more and more from the healthcare sector. But if anyone cannot get medical attention in time than it will be impossible for any technology to assist the patients to recover their health to the full extent. Many older couples live alone and most of them are not that much physically active that they can go and find the required help when there will be a medical emergency. Thus, there is a need for something that will assist them in time of emergencies and also can help them in keeping track of their health conditions and remind them about their schedules of medicines and check-ups, better get appointments on behalf of them. With this artificial intelligence app development, older people will be more relaxed and assured of their medical safety and their doctors will also be able to keep monitoring them continuously without being present in-person all the time.

The Major Issues Related to Senior Citizens’ Healthcare:
Their older age forcing them to rely and depend on the medical support more with the passing days. The advanced technology can support them and keep them healthy as much as possible. But to reach that stage they need to be monitored constantly without any misconduct. But being alone and incapable of taking quick physical actions making them more vulnerable and easy to lose their battle with a heart attack or falling off their blood sugar level or an asthma attack (Huh & Kim, 2019). They need more attention to stay healthy, safe, and sound. If an artificial intelligence app development takes place which will keep track of their health conditions, their doctors’ appointments, storage of medical supplies especially medicines, and also automatically inform the concerned individual as programmed at the time of emergency then it will be a very effective and innovative step in the field of medical science regarding the healthcare of senior citizens (Park et al., 2017).

The Requirement of Innovative Ideas:
In this technological era, technology is everywhere and in everything. From day and night, people use technology to complete their daily requirements. Technology has brought close enough to all the countries to gather how every one of them is moving towards the advancement of the sector, the medical sector is not an exception. The medical and healthcare sector is developing with the use of AI technology in almost every department. The use of AI in artificial intelligence app development is helping the professional to get to their patients faster and take the appropriate decision to get the best result out of it (Tyrväinen et al., 2018). AI assists the doctors by giving them more free access to advanced technology to cure the abnormality in the human body. Not only that with the use of AI the senior citizens’ who are living alone can get all the medical attention and healthcare facilities on time.The artificial intelligence app development will alert the nearby health center if there is any situation that needs immediate medical attention. It will remind the users about their medical appointments and also it can purchase medicine on behalf of them without going to the medical stores and the delivery will be at their doorsteps. It will assure them with all the assistance regarding healthcare.

The Advantages of the Concept of the Solution:
After discussing the issue of the senior citizen being alone in the house affecting their healthcare, it can be said that they can use AI technology to have better assistance and taking good care of their health on their own without taking help from the younger generation. The use of AI in healthcare is not limited in the advanced medical machines of and Robo-nurses, AI apps can assist the users to get the best quality of health supports ( Zeadally& Bello, 2019). Moreover, the senior citizens can have reminders of their doctors' appointments and their vitals on time to get the proper assistance with the use of the Internet of Things. It will also purchase their medicines on time from the scheduled medicine stores which will be delivered to their home at the selected time. They do not have to go their physically and purchase it after standing on a long queue at the billing counter. The app will purchase it by using their bank accounts. It will also coordinate with the nearest healthcare center whenever the need will arise without any instruction from outside at that moment (Danielsson et al., 2017). Some crucial advantages of using AI in senior citizens’ healthcare are described below:

• The artificial intelligence app development is very effective as the app will take care of the user in the time of emergency. It will contact the nearest authority and healthcare center and give updates of their health conditions on its own.
• The senior citizens can getthe detailed updated conditions of the vitals, reminders of their daily medications, and doctors’ appointments.
• Even the app will purchase their medicines on due time by using their bank accounts, they do not need to go to the shop personally.
• The procedures of using the app are very simple and easy, the elders will not have any trouble while using it.
• The chances of an error in their daily scheduled life will be reduced. Only with a technological fault in the AI app.

The Required Business Model:
To implement the concept of AI app in the senior citizens’ healthcare, the entrepreneurs need to developthe strategies to build the required business model. They need to survey to know about the requirements and what is expected from their app (Garbuio& Lin, 2019). They can follow the below process to develop their business model following the artificial intelligence app development:

Main Activities:
the AI app users will mainly use their apps daily to get reminders of their medications and doctors’ appointments. The business owners will keep an eye on their usage and they will also update their apps accordingly.

Main Partners:
The AI app users and the app developer will be the mainpartners. There will be also other partners who will survey the market and help to assess the feasibility of the AI app. To make the app active the healthcare center and medicine shops also need to be included as partners.

Value Proposition:
This will help the senior citizen to stay healthy and do their daily check-ups own their own. Also, they will get immediate assistance in the time of medical emergency and the saved time will add to their advantages.

Sagricating Users:
The main focus of the AI app will be the senior citizens of Australia. The artificial intelligence app development will help them to get them all the medical attention they need in a day to day to basis as well as the time of the emergency. At this time the app will contact the nearest healthcare center and direct them on what is required.

Customer Relationships:
The main customers of the AI app will be the senior citizens of the country. It will save time and efforts of the older people regarding their healthcare and also provide immediate support during emergencies.Also, the selected medical stores and healthcare centers play important roles to make the app successful. 

Key Resources:
The key resources for artificial intelligence app development are AI app developers and IoT connected devices.The app developers will input all the collected data in the app and will make it competent enough to be capable of interpreting the situation and act accordingly. The IoT connected devices will follow the instruction of the app at the time of action.

Stream of Revenue:
With this new unique artificial intelligence app development, the business owner will get more users and that will increase their annual revenue.With proper marketing andeasy availability,the main customers of the AI app the senior citizen of the country will be more interested in using the app and make their life in old age a little bit more comfortable and relaxed.

Cost Structure:
The cost structure will depend on the cost of market survey and data collection, artificial intelligence app development, and maintenance continuously in the future.A justified divide cost structure will make the business easier simpler.

Key interrelationships in the business model:
Every segment has a prominent role in the success of the business model. Making the customers aware of the advantages of the products will increase their interest and by maintaining the app regular basis the value position and customer relationship will be better and also increase the revenue of the business. In this business model, the app development company needs to analyse the key factors like users’ requirements, main partners, value proposition, and cost structure to successfully apply the strategy. They need to interpret the quality cost value to know the quality return value of the app (Banke-Thomas et al., 2015). They can also go for a trial survey before investing a huge amount to analyse the users’ experience.

Associated Assumptions and risks factors:
The first and foremost assumption is that the senior citizens of the country will accept the app open-mindedly after knowing the advantages it offers. Secondly, the initial investment for the business will be recovered within one to two years, and lastly any technical error in the app can be immediately rectified by a efficient and expert technical team.

There are some risk factors regarding the innovative business idea, such as-

• First, like other technology it can also fail that will affect the reputation of the company along with the customers health.
• Second, any miscommunication with the associated health centers and medical shops will affect the operation of the artificial intelligence app development.

How will you evaluate the feasibility of the artificial intelligence app development?
The business idea is very much feasible. The market survey of the data collector team will collect all the information which is important to make the app successful. The technical team will develop the app and modify it continuously according to requirements. The artificial intelligence app development cost can be covered with the loans which will be paid after the success of the product. The main customers of the app, the senior citizen of Australia will be interested in using the app after knowing the facilities and the easy way of using the app, and with the increasing purchase rate the initial development cost will be recovered. The success of the product will also depend on their association with the number of healthcare centers, medical shops, and the availability of the app. By conducting all these steps the success of the artificial intelligence app development will inevitable.

Conclusion:
At the conclusion it can be said that the artificial intelligence app development company is willing to assist the senior citizens to take care of their health. Furthermore, the app will help them by reminding their daily medications, doctors’ appointments, purchasing required medicines, providing detail of the vitals, and immediate assistance at the time of emergency. Moreover, for implementing this business idea the report presents an efficient business model with crucial success factors and evaluation.

References:
Banke-Thomas, A. O., Madaj, B., Charles, A., & van den Broek, N. (2015). Social Return on Investment (SROI) methodology to account for value for money of public health interventions: a systematic review. artificial intelligence app development BMC public health, 15(1), 582.

Danielsson, K., Lindgren, H., Mulvenna, M., Nilsson, I., & Waterworth, J. (2017, September). Digital technology in healthcare and elderly care. In Proceedings of the European Conference on Cognitive Ergonomics 2017 (pp. 188-190).

Garbuio, M., & Lin, N. (2019). Artificial intelligence as a growth engine for health care startups: Emerging business models. California Management Review, 61(2), 59-83.

Huh, J. H., & Kim, T. J. (2019). A location-based mobile health care facility search system for senior citizens. The Journal of Supercomputing, 75(4), 1831-1848.

Osterwalder, A., & Pigneur, Y. (2010). Business model generation: a handbook for visionaries, game changers, and challengers. John Wiley & Sons.

Park, S. J., Subramaniyam, M., Kim, S. E., Hong, S., Lee, J. H., Jo, C. M., &Seo, Y. (2017). Development of the elderly healthcare monitoring system with IoT. In Advances in Human Factors and Ergonomics in Healthcare (pp. 309-315). Springer, Cham.

Tyrväinen, P., Silvennoinen, M., Talvitie-Lamberg, K., Ala-Kitula, A., &Kuoremäki, R. (2018, May). Identifying opportunities for AI applications in healthcare—Renewing the national healthcare and social services. In 2018 IEEE 6th International Conference on Serious Games and Applications for Health (SeGAH) (pp. 1-7). IEEE.

Zeadally, S., & Bello, O. (2019). Harnessing the power of Internet of Things based connectivity to improve healthcare. Internet of Things, 100074.

Osterwalder, A., & Pigneur, Y. (2010). Business model canvas. Artificial intelligence app development Self published. Last.

Appendices:
Appendix 1: The Business Canvas Model (Osterwalder & Pigneur 2010)

Business Canvus Model
Source: (Osterwalder & Pigneur, 2010)

Appendix 2: Business Idea

Appendix 3: Target Market

Appendix 4: Financial Issue