Iot device | Management homework help

You have decided to start a business that creates an IoT device that can be attached to a shopping cart or basket and tracks store navigation patterns, products placed and removed from carts, and total purchase price.   As you build an executive summary for your IoT device’s business case, include responses to the following questions in paragraph form.  This summary should be in APA format, contain a title page with your name, and be approximately 400 words in length.

· What business strategies can a company such as Target gain from using your IoT device?

· What types of information can be gleaned by analyzing traffic patterns in the store?

· What business intelligence can be found by analyzing products placed and removed from carts?

· Do you think there will be a correlation between time and the amount of the total purchase?

· How can you use this information to help improve business operations?

· If you owned a store, would you consider purchasing this great new IoT device?

Required Elements of the Business-Driven Start-Up: Smart Carting  

· Title page with your name, course, title, and date

· Responses that reflect your understanding and discussion in paragraph format

· Writing is coherent and supports the central idea in an APA format, with correct grammar, usage, and mechanics.