Tag Archives: product development

by | Thursday, March 2, 2023 · 7:36 am

Consumer Electronics Show 2023

If you love technology and new gadgets, the Consumer Electronics Show (CES) is the place to be. CES is one of the largest and most influential showcases in the world for introducing innovative technology products from around the globe.

This year the Las Vegas-based show brought in 115,000 industry professionals, making it the largest audited global tech event since 2020.  With more than 3,200 exhibitors, including 1,000 start-up companies, CES 2023 gave us new innovations in mobility, health, transportation, sustainability, and more.

A diverse group of companies from around the globe showcased the latest innovations in the technology industries to attendees from more than 140 countries. In all, 60% of the Fortune 500 companies were represented.

The show also provided looks at products in the marketplace as well as products-yet-to-be-launched highlighting key trends such as:

  • Human security for all
  • Automotive and mobility
  • Electric vehicles
  • Digital health
  • Sustainability
  • Web 3 and Metaverse

New products demonstrated how technology can conserve energy, increase power generation, address food shortages, create sustainable agricultural systems, power smart cities, support access to clean water, and improve life for people with physical challenges.

The last category – physical challenges – may be one of the most innovative as companies worked on technology to improve lives of people who may often be overlooked. Some of the highlights include power wheelchairs, augmented listening, new earbuds, speech amplifiers and more. It’s one of my favorite categories.

What’s your favorite innovation from CES?

Group Activities and Discussion Questions:  

  1. Discuss the purpose of CES show and how innovation fits into it.
  2. View the CES Web site: https://www.ces.tech/
  3. Also discuss the use of trade shows and exhibits as part of a marketing plan.
  4. Show a video overview of CES 2023: https://youtu.be/fAJ1LCO4cV4
  5. Show a summary video covering new innovations for accessibility: https://www.wsj.com/video/series/dalvin-brown/ces-2023s-most-innovative-assistive-tech-jabra-whispp-and-more/F7DEC067-2116-4C51-A173-E0A071E28EEA
  6. Divide students into teams. Have each team select a product featured at CES.
  1. Scewo Bro: https://www.scewo.com/en/  (Power wheelchair)
  2. L’Oreal Hapta: https://www.loreal.com/en/articles/science-and-technology/hapta-ces-2023-lancome-innovation/  (For beauty lovers with limited hand and arm mobility)
  3. Xander Glasses: https://www.xander.tech/  (Augmented listening for people who are hard of hearing)
  4. Jabra Enhance Plus: https://www.jabra.com/hearing/enhance-plus?gclid=Cj0KCQiAiJSeBhCCARIsAHnAzT_SGnooIY_nEW554M23GwsvGWKrIKnazpnbsvmc1Rh1Gi87YUm8kQsaAhwGEALw_wcB##21879090  (Earbuds for enhancing your hearing)
  5. Whispp: https://whispp.com/?lang=en  (Speech amplifier for people with a voice disorder)
  6. Instruct students to research the products online, and define a target market for the product?
  7. Which ones do they think will be winners in the marketplace? What products miss the mark?
  8. Discuss the use of trade shows and exhibits as part of a marketing plan.

Source:  C/NET; TechRadar; The Verge; Wall Street Journal; other news sources

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by | Monday, November 14, 2022 · 8:36 am

More Electric Vehicles Make it to Market

There is no doubt that electric vehicles (EV) are seeing an increase in inventory and sales. Globally, electric vehicle sales doubled in 2021 and sales are still strong in 2022. In the second quarter of 2022, EV sales were 5.6% of the total auto market, up 2.7% from the same time a year ago. Consumers are embracing the EV market for its clean energy and solid performing vehicles.

Pricing remains a sticking point with consumers though as many EVs are priced in the range of $50,000 – $100,000 and up. Sure, consumers want to help the environment, but they also face a very real limitation on spending for EVs.

To help position it as a more general option, General Motors plans to release an EV Chevy Equinox in fall 2023 at the lower price point of $30,000. Today, there are few models of any type of EV below $35,000. Complicating the pricing, the costs of battery materials (such as lithium and nickel) have risen significantly. On average, U.S. buyers paid $66,000 for an EV, an increase of 28% from a year ago according to J.D. Power research.

The Inflation Reduction Act is one option to help consumers lower the costs. It offers up to $7,500 in federal EV tax credits, but only for models that meet certain domestic-production requirements. While both new and used cars qualify, there are other restrictions that can limit how much tax credit a consumer receives including income limits and vehicle list prices.

Are you ready to make the leap to an EV vehicle?

Group Activities and Discussion Questions:

  1. Poll students: What is their perception of pricing for EVs in today’s market?
  2. Have students research prices for EV automobiles and SUVs. Build a spreadsheet with information about select vehicles such as Volkswagen, Tesla, Kia, and Toyota.
  3. Have students research the Inflation Reduction Act for federal EV tax credits. What are the caveats?
  4. Show video from WSJ about the EV discounts: https://www.wsj.com/video/series/george-downs/the-climate-bill-unlocks-new-ev-discounts-but-not-everyones-a-winner/26F2FC57-3150-4311-AE3E-705E554AB4D6
  5. Another classroom discussion can focus on how the Inflation Reduction Act fits into an environmental scan for the EV market.

Sources:  Colias, M. (8 September 2022). GM courts mainstream buyers with $30,000 electric Chevy Equinox. Wall Street Journal.; Forbes growth sector: Electric vehicle sales and the new electric economy have arrived (24 September 2022). Forbes.

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by | Wednesday, November 9, 2022 · 8:27 am

Nice nails. You get those from a robot?

We have written a number of articles about robots and the use of robotics in different aspects of business. One usually think of robots being used in factories, warehouses, and manufacturing. Big jobs and big tasks.

There are robots driving trucks, assembling cars, stocking warehouses, retrieving packages, vacuuming floors, cutting grass, and greeting guests at businesses. And let’s not forget Flippy the hamburger-making robot, and Spot the incredible wonder dog from Boston Robotics.

But here is one you probably have not heard of – a robot that provides manicures. Well, at least it provides the nail polish coats – a sort of mini-manicure.

The robot is from San Francisco startup “Clockwork” and paints nails in 10-minutes for $8 at several select Target stores in Chaska (Minn.), Dallas, Fort Worth, and San Francisco. Appointments can be booked online at Clockworks. With 24 colors in hues of neutrals, darks, brights, metallics, reds, and more, there is a color to fit any mood or fashion.

The box-like machine is located in the beauty department and is staffed by Target employees. The nail robot uses both AI and 3D technology for careful application. According to Clockwork, the average woman spends 3,120 minutes per year on nails and hundreds of dollars. Why not shorten the time and lower the cost?

What color would you like?

Group Activities and Discussion Questions:

  1. Poll students about manicures. How much do they spend? How much time does it take?
  2. Show video: https://youtu.be/oQjLg3brTH8
  3. Show website: https://www.likeclockwork.com/
  4. Divide students into teams. Have each team develop a marketing program for robotic manicures.
  5. How could experiential marketing be used in the promotion?

Sources:  Hutton, R. (31 August 2022). Chaska Target pilots $10 robot manicures. Minneapolis Star Tribune.

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