Following the productive presentations and feedback this past week the Safety & Security group has considered many suggestions from fellow classmates.  We noticed that many students were unable to follow parts of the presentation and primarily were unclear about how the data will be monetized. We have taken this constructive criticism into account and are making the necessary changes to eradicate any confusion.

 

As our engineers continue to crunch out the technical aspects of the application, much progress has been made on the business side.  The Safety & Security group worked tirelessly to find a way to provide as many citizens as we could with access to our assistance technology.  We know that it is important to make money, but we believe every citizen in Vizag should have to access adViz.

 

With a change in the pricing model of the app, we are getting closer and closer to actual valuations of the business and the market of Vizag.  In estimating and predicting cash flows and attempting to input balance sheets we believe that we have produced realistic financials.  Though the profitability of the application was much lower than anticipated, we believe the value of safety in Vizag is more important than the margin.  You cannot put a price on human life, and in wake of current tragic events, we want to provide any resource we can to improve the safety of the people of Vizag and the world

 

The Safety and Security Group

Ted Xiao, Russell Nibbelink, Kaitlen Nguyen, Alex Feibleman, Dzmitry Yahorau