Build your next innovative product around these areas
Find out the major areas you can start building a tech product around to make a buck
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In the dynamic landscape of technological advancements, innovative products have emerged to address fundamental aspects of human life. From streamlining daily tasks to fostering global connections, technology serves as a catalyst for efficiency, convenience, and entertainment.
But still, there are four main area of concern to people and building technological solutions for it makes life more enjoyable.
Health: they say is wealth. Without it we can achieve nothing. Every person wants to look, eat and feel good, no one wants to be bedridden or feeling weak, not able to do things for oneself but depend on others. Building tech products that makes health care + living well easily accessible at low cost improves timely treatment of illness, reduces mortality rate and increases quality of life.
Digital health solutions can enable remote consultations, making healthcare more accessible and convenient for individuals. Health tech products that offer health insurance so you don't break the bank when a health crisis arise.
Tech products, such as fitness apps and wearable devices, contribute to health monitoring, exercise routines, and overall wellness management.
Wealth: One thing humans love is making money/building wealth. A platform that helps us do this is much needed enabling financial literacy, money management and wealth building. All made easy, imagine researching, analyzing and investing in the Asian stock market from the comfort of your home in Nigeria using an app. This is an innovative product people would gladly pay money for because they know it's likely going to make or save them money.
Partnership with a traditional financial house to integrate their services into your digital solution reducing entry barrier to financial instruments that many might consider not within their reach.
Technology products around budgeting, investing, and financial planning, that helps individuals manage and grow their wealth is always a good idea.
-Mine Bitcoin and earn passive income through cloud farming or lending your processing power.
Love: Who doesn't love, Love? we want to share and feel love. Everyone wants to know there's who care for them and would go out of their way to provide and show it. Building a platform that makes it easier to connect with love ones and share moment is sure to bring in a buck.
Tech products often can facilitate human connections, whether through social media, messaging apps, or video conferencing tools. They bridge geographical gaps, allowing people to connect, communicate and collaborate globally. It helps to know and feel we are not alone and someone is there for us even though we're lonely.
That’s where Streams foundation comes in. Streams foundation is a platform that connects individuals seeking/needing help financially or physical items with individuals or organization that can render help to such need. Charity organizations that need help in achieving any of it's initiative programs can post a campaign for it on the platform.
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Happiness: Needing to relax after a long day or do something exciting? Technology provides a plethora of entertainment options, including streaming services, video games, and virtual experiences, addressing the human need for leisure and enjoyment.
It has revolutionized the way we entertain ourselves, offering a diverse array of options that cater to various interests and preferences. Streaming services, such as Netflix, have become ubiquitous, allowing users to access a vast library of movies, TV shows, and documentaries at their fingertips. This on-demand content delivery not only provides convenience but also caters to individual tastes, contributing to a more personalized and enjoyable viewing experience.
Video games have evolved into immersive and interactive experiences. With cutting-edge graphics, realistic storytelling, and multiplayer capabilities, offering a dynamic form of entertainment that engages users on multiple levels.
With virtual experiences, including virtual reality (VR) and augmented reality (AR), opening up a new dimensions of entertainment. Whether it's exploring virtual worlds, attending live concerts through VR, or experiencing interactive museum exhibits, these technologies provide users with a sense of presence and immersion that goes beyond traditional forms of entertainment.
The integration of technology into entertainment options not only caters to the human need for leisure and enjoyment but also presents opportunities for innovative product development. By understanding and leveraging user preferences, companies can create products that not only meet functional needs but also bring happiness and satisfaction to users in the ever-evolving landscape of digital entertainment.
Building a product, always think how would it fit into these four areas and make living more convenient for users. A lot of product ideas can stem from wanting to provide solutions around these human needs.