DIGITAL NOTEPAD
DIGITAL NOTEPAD
About the Product:
A digital notepad is a device that brings the best of the paper notepad and computer aided notes together. It is also called cyberpads, these devices are tablets that are connected to your PC with cable and allow the data stored on them to be transferred to your PC for archival or further upgradation .
It has memory where you can save your data and it can expand by adding a memory card in sd plot . Anything writer writes on it or draws on the screen of the device is stored in the device’s memory. When it is plugged into a PC via a USB cable, the stored data can then be copied or transferred to the computer for storage or email for office purposes .
This is wonderful product which can be used similarly as a paper based notepad because we can save any handwriting as well as any drawing in our laptops and computers. It is a very handy tool for an architect, wanting to sketch computer ready designs of buildings or even for an executive looking for a fast and easy method to take effective notes in meetings. The digital notepad is a helpful device to help avoid retyping the notes from the weekly sales meeting to get them onto a computer.
It will not be difficult of adjustment between paper and digital for any user as a digital notepad it not like computer or laptop . It is a storage device which helps you to type less or take notes in meetings and make the task of writing on paper based documents even easier.
Benefits of digital notepad: Digital notepad is simple but effective ; as it is more compact and lighter than a laptop while at the same time it also provides a digital data storage for later use. They come in many different sizes ranging from 8.5 inch to 13 inch. It looks trendy and there are some digital notepads on which one can make 3-d designs and painting which can be very useful to architectures and painters. Students can make there notes on it and can save their notes for lifetime. They do not have to carry notebooks for every subjects. This will not only help users but it will also save paper and our nature.
Market Demand: According to Report and Data research report on the market of Global Digital Notepad, it is estimated that it will grow from USD 10 billion in 2019 to USD 40 billion in 2027, registering a CAGR of 45% during 2019 to 2027. The report is a study of the Market, which presents an analysis of the market dynamics, business sphere, competitive landscape, industrials chain analysis, and growth of market. The report considers year 2018 as the base, 2016–2017 as historical years, and 2019–2027 as the period of forecasts .
The covid-19 has spread to many countries and the pandemic has definitely affected the market on a global level. Covid-19 has affected the global economy by disturbing with the production, supply and demand , causing disruption in market, and by inducing financial instabilities . The research worked on the impact of Covid-19 on the Global Digital Notepad Market.
The ‘ Digital Notepad market’ report, recently added by Market Size Report, LLC, examines the industry in terms of the expense, examining the present & future growth capabilities of each and every sector as well as consolidated data . The research also presents a precise summary of the competitive milieu and application landscape of the Digital Notepad market based on the affect of the financial and non-financial facades of the industry.
The Digital Notepad market report is an amalgamation of the key path influencing the industry growth with respect to the competitive scenario. Furthermore, the research also tells about the many different restraints of the industry and uncovers the scopes that will set the growth course.
Similar Product in the Market:
Many have already produced a few related items. But only a handful added to the markets. Like
1. SolidTek DM-L2
2. Cyberpad 8.5X11
3. Sony DPT-RP1/B 13.3”
But there is huge difference between my idea and their idea. They are mostly notepad of plastic body and poor battery . I am planning to design notepad which will not require battery power and it will be have a camera so that one can scan documents and his notes.
Target Customers: It will be a gamechanger for educational sector and architectures as one can make 3-d structures . It can be also used in multinational companies and bank to keep records. Universities and Schools can use it for teaching as well as examination purposes as it will have a scanner so they do not have to rewrite the paragraphs from the book. We will try to introduce our product where the government is seriously concern about trees and paper. At this type of places we will get support from the government which is a very important part of business.
Required knowledge and ability: This idea will require coding skills of C + +, Python, Java etc as well as designing skills to make it strong and handy. It is also related to A I and M L .
Estimated Budget: Cost to design and construct building for our work place will require US $ 150,000.
Cost for R&D and other essential things will be around US $ 250,000.
Overall all estimated budget for my company US $ 400,000.
Product Pricing: As we are targeting students so we have to launch the product at affordable price as majority of market is occupied by middle class costumers. The digital notepad without camera will cost US $ 100 and notepad with camera will cost US $ 150.
Challenges that I may face:
1. Rapid Technological Changes and New Product Development
2. Device Compatibility with Software
3. Investors
4. Affordable pricing
Solution: We can offer more competitive price of our products than our competitors . We can add Wi — Fi connectivity and in built Memory expandable upto 1 T B. Adding fast charging support to our product will give boost to our business. Giving regular updates to our customers will help us to gain their believe. Most important to sell product is its packaging so we will not ignore the packaging part. Making body of digital notepad of aluminium will make it stronger and trendy.
Opportunities:
1. Digital Notepad can be used for to-do lists , can provide data and updates to plans .
2. Cloud storage and Cross-Platform characteristic make Digital Notepad Ubiquitous
Milestones & Timeline:
Mile stone 1 — The basic structure as how and when each department will start working on the plan by early 2021.
Mile stone 2 — By mid-2021, I will build a trail project and will research for upgradation and will try to add more data and feature.
Mile stone 3 — By early 2022, I will remove all bugs and will start design its body.
Mile stone 4 — By end of 2022, we will launch digital notepad without camera and will work on public feedback.
Mile stone 5 — We will be back in mid-2023 with our next product (Digital Notepad with camera) by keeping costumer’s reviews in our mind.