This was a business I pursued (mostly independently) from 2018 through 2019.
I wrote out a pretty complete 25-30 page business plan. The executive summary is available as a PDF in the downloads section of this page.
I abandoned the venture because my research (involving many calls with industry leaders) convinced me that the return-on-investment (ROI) dollar amount and timeline, and the geographically-sparse nature of factories and warehouses would make this business difficult to scale exponentially (i.e. it would take ~20 years, like Ubimax which was aquired by TeamViewer after 18 years of business).
I estimated that each factory or warehouse worker instrumented with a heads-up display (HUD), our integrated body-worn wearables, and our intelligent applications, would return only about $110 per month of cost-savings. That’s about 7-10 hours per month of time saved, a very minimal amount. Plus robotics is getting pretty dang good and workers are increasingly demanding better working conditions (both of which are great!).
This work was based, in part, on our ISWC 2018 paper.
© Pramod Kotipalli 2019
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