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CRITIX
KNOW THE
FUTURE
•
Founder’s:
•
Samarveer
Singh(200522154)
•
Manpreet
Kaur(200520807)
•
Anmolpreet
Singh(200521592)
•
Jaskaranpreet
Kaur(200522748)
•
Ravneet
Kaur(200518552)
•
Najamuddin
Mohammed
Siddiqui(200524062)
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TABLE OF CONTENTS
•
The Product:
1.
Vision
2.
Mission
3.
Need for Data Analysis
4.
Short-Term Milestones
5.
Long-Term Milestones
6.
Product Description
•
Benefits and Features
•
The Team(New Hires)
•
Outsourcing
•
The Industry (Target Market)
•
Marketing Strategy
•
Competition
•
Competitive Strategy
•
Refrences
THE PRODUCT
Critix and Co. is a general
partnership firm which is
established on June 18,2023.
Critix and Co. is an artificial
intelligence software provider
which helps in the analysis of
complex data and gives
results to solve problems of
different types of situtions
faced by companies and
individuals nowadays such as
new product launch target
markets and areas for
expansion and many more.
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VISION
“ A problem-free world”. We want to analyze all
the threats and problems which are going to
come due to some factors and repetitive actions
of some entities which will lead to loss of
anything in this world. It cam be loss of life, loss
of value, or any kind of bad effect on companies
reputation or financial report, any kind of change
in nature, or destruction of some important
components of nature.
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MISSION
“To help every individual on this
planet to solve their problems
easily”. We want that everyone
can analyze their actions and find
the solutions to their problems or
by analyzing the actions of a
group of people who also faced
the same problem and get rid of
that problem by using a set of
solutions also can find that if any
problem is just going to come due
the actions they are performing so
that they can be aware of future
threats and can stop doing that
actions or change them for better.
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NEED OF DATA ANALYSIS
All of this started in 1980. As we all know the internet is used for decades and the things we search for are stored as data in
databases the information provided by people is also get stored in these databases and be there and never goes anywhere but as
technology grows people came up with different ideas like if we use that stored data and find out what is the demand of people or
to predict the changes which can happen in accordance to past incidences and many more. So, with this thought, we started
searching data in different aspects and from different angles to find solutions to our problems but as time proceeds the number of
internet users increased from 2.6 million to 3.4 billion in a time span of 1990-2016 and so the data which is getting stored
increased to 57.5 zettabytes which is impossible for an individual to study and can come on a particular result. So here is when the
data analysis emerged, and this comes to the attention in 2019. So, more and more individuals are getting into this profession but
humans also have limitations in analyzing data so tech developers started developing data-analyzing software to ease the works of
humans but still, they lack in providing accurate solutions by analyzing these results because they cannot think about all the factors
on a single time which are affecting a situation and causing problem but AI can do that due to its vast capabilities of deep learning
via neural networks and can predict accurate solutions by not leaving a single aspect into consideration.
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SHORT-TERM
MILESTONES
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MILESTONES
TIMELINES
SETTING-UP OFFICE
10 JULY,2023
PURCHASING APPROPRIATE SYSTEMS
21 JULY,2023
HIRING CERTIFIED PROGRAMMERS
15 AUGUST,2023
BUSINESS INSURANCE
20 AUGUST,2023
DESIGNING AND LAUNCHING
SOFTWARE
25
SEPTEMBER,2023
ACCOUNTING AND TAXATION
CONSULTANT APPOINTMENT
29
SEPTEMBER,2023
LONG-TERM MILESTONES
•
IMPLEMENTATION OF MARKETING STRATEGIES
•
CREATION OF BRAND AWARENESS
•
NETWORKING AND PARTNERSHIPS
•
ASSOCIATION WITH TARGET COMPANIES
•
QUALITY CONTROL MECHANISMS
•
REACHING $1 MILLION IN PROFITS
•
EXPANSION IN ALL ANALYSIS SECTORS
•
BECOME A DAILY-USE APPLICATION
•
REACH MORE THAN 10 COMPANIES AS CLIENTS
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PRODUCT
DESCRIPTION
Critix is AI software that will work more effectively and efficiently
than data scientists and can produce more accurate results in 1 day
which data scientists and analysts take 12 days to produce. Critix
works with the help of deep learning which runs through neural
networks and helps it to learn at a fast pace than humans for instance
that the human mind can answer a mathematical problem in five
minutes, and artificial intelligence can solve ten problems in one
minute. Critix alone can do all functions for which different types of
data scientists are hired such as financial data scientists, technical
data scientists, and Scientific data scientists. Critix uses almost all
types of techniques and methods before concluding a result. Critix
can be used to analyze the needs of the market and can recommend
the launching of new products after reviewing the reviews of rival’s
products and their drawbacks. Critix can help in making financial
decisions after reviewing the market conditions and company
holdings. Critix can help traders to analyze and predict the future
price of stocks to ease their research work and help them to find the
best shares to buy and many more. Critix can predict a company’s
accurate growth and expenses for a time period they want to know
and also the ways to increase its growth at a higher pace it can also
predict the future threats that a company can fall into after taking
the market trends and customer reviews into consideration.
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BENEFITS AND FEATUES OF CRITIX
•
It works 5o times faster than a human mind.
•
It can analyze more than 100 aspects at a time and through all possible angles which a human brain can’t even imagine.
•
It can give a 100% sure prediction if everything remains the same for future threats as it was at the time of prediction and
can save a company or individual from problems like financial crisis, quality customer relationships, and expansion
problems.
•
It can help in finding market trends and popular product qualities.
•
It can help to find a perfect target audience and ways to increase product sales.
•
It can help grocery stores to order and avoids to order products after analyzing their sales records.
•
It can suggest product improvements after deeply analyzing the products reviews.
•
THE TEAM
MEMBERS NAME
OCCUPATION
RESPONSIBILITIES
SALARIES
Samarveer Singh
CEO (Chief Executive Officer)
•
Sets the company's vision, mission, and overall strategy.
•
Makes key business decisions and drives the company's growth.
•
Builds partnerships and maintains relationships with stakeholders.
•
Represents the company in the industry and at events.
$200,000 /year
Manpreet Kaur
CTO (Chief Technology Officer)
•
Defines the technological roadmap and strategy of the company.
•
Oversees the development and deployment of AI algorithms and software.
•
Ensures the technical feasibility and scalability of the AI platform.
•
Keeps up with the latest advancements in AI technology and identifies opportunities for innovation.
$135,000 /year
Anmolpreet Singh
COO (Chief Operations Officer)
•
Manages the day-to-day operations of the company.
•
Allocates resources effectively and ensures efficient project management.
•
Optimizes internal processes and workflows for increased productivity.
•
Coordinates with different teams to ensure smooth execution of projects.
$104,000 /year
Jaskaranpreet Kaur
CRO (Chief Research Officer)
•
Conducts research to explore new AI technologies and methodologies.
•
Evaluates the feasibility and potential impact of new research findings.
•
Guides the integration of cutting-edge research into the company's AI capabilities.
•
Collaborates with the data science and software engineering teams to drive innovation.
$112,000 /year
Ravneet K
Chief Business Development
Officer
•
Identifies market opportunities and potential clients.
•
Builds strategic partnerships with customers, vendors, and investors.
•
Develops sales and marketing strategies to promote the AI software platform.
•
Monitors market trends and competitive landscape to inform business decisions.
$92,000 /year
Najamuddin Mohammed
Siddiqui
Chief Ethics officer
•
Ensures ethical practices in AI development and usage.
•
Addresses potential biases and fairness concerns in AI algorithms.
•
Develops policies and guidelines for responsible AI deployment.
•
Promotes transparency and accountability in the company's AI practices.
•
These roles and responsibilities may evolve and expand as the AI software firm grows and matures.
Additionally, in smaller startups, some of these roles may be consolidated or shared among a
$80,000 /year
FUTURE NEW
HIRES
•
Software Engineers/Developers: With the growth of
the AI software platform, additional software
engineers and developers may be required to enhance
and maintain the platform. These professionals can
work on optimizing performance, adding new
features, and ensuring the software's scalability.
•
UX/UI Designers: Investing in user experience (UX)
and user interface (UI) design becomes crucial as the
AI software firm aims to create intuitive and user-
friendly interfaces for its clients. UX/UI designers
can help improve the user experience and ensure the
software is visually appealing and easy to navigate.
•
Sales and Marketing Professionals: As the company
expands its customer base, it may require additional
sales and marketing personnel to promote the AI
software platform, generate leads, and close deals.
These professionals can help drive business growth
and build strong customer relationships.
•
Project Managers: Hiring project managers can be
beneficial to ensure efficient project execution,
timely delivery of products, and effective
coordination among different teams within the
company. They can oversee the implementation of AI
projects and ensure alignment with client
requirements and deadlines.
•
Infrastructure and Cloud Experts: As the company
scales its operations, it may require specialists who
can manage and optimize the company's
infrastructure, including cloud services and
computing resources. These professionals can help
ensure the scalability, reliability, and security of the
AI software platform.
8/6/23
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OUTSOURCING
•
IT Support and Maintenance:
Outsourcing IT support and
maintenance can be an option for
managing the company's hardware
and software infrastructure, resolving
technical issues, and ensuring smooth
operations.
•
Content Creation and Marketing:
Outsourcing content creation, such as
blog posts, articles, and marketing
materials, to freelancers or agencies
can help maintain a consistent content
strategy and reach a
broader audience.
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THE INDUSTRY
So, considering the data below we can conclude that the AI industry will be the world’s biggest future industry and everyone will
be using our technology as the new era will be called as an era of technological advancement and the market size is roughly near
$70 billion and can be an industry of $17 trillion by the end of 2030. And as our product will be a main innovation in this era of
advancement due to the tremendous increase of data day by day and the need rising to organize it and study it is also rising parallel
to it.
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1.
The large MNCs: As the MNCs are expanded in more than one region and expanded in a variety of products so they are the one
who needs accurate results in fast-changing world so they hire a group of data scientists and analysts to solve their problem of
finding market trends and what are they lacking in current products to improve their quality but due to different scientists
specializes in different sectors so they have to hire a group of them instead of hiring one and its costs them near about $320,000
/year for small companies to $1,500,000 /year for large companies and for some companies its even more. So here we will
introduce our software to them, which is more efficient and effective and also costs less. Our prices will be in the range of
$100,000 - $600,000 /year it varies according to the size of the company, but it will decrease their expenses to 1/3 they are
paying currently.
2.
Secondary market will be the chain of grocery stores and supermarkets our software will help them to analyze their daily sales
and in the end of the month it can depict the products which are sold out the products which are never sold and expired by this
the stores can avoid ordering the products which are expired and can be saved from the loss they are incurring every month and
also by using this they can find out that which product goes out of stock very fast and in future they will order in big quantity and
it will increase customer satisfaction as the product is always available in stock which will also help to increase stores goodwill.
TARGET MARKET
1.
The large MNCs: As the MNCs are expanded in more than one region and
expanded in a variety of products so they are the one who needs accurate
results in fast-changing world so they hire a group of data scientists and
analysts to solve their problem of finding market trends and what are they
lacking in current products to improve their quality but due to different
scientists specializes in different sectors so they have to hire a group of them
instead of hiring one and its costs them near about $320,000 /year for small
companies to $1,500,000 /year for large companies and for some companies its
even more. So here we will introduce our software to them, which is more
efficient and effective and also costs less. Our prices will be in the range of
$100,000 - $600,000 /year it varies according to the size of the company, but it
will decrease their expenses to 1/3 they are paying currently.
2.
Secondary market will be the chain of grocery stores and supermarkets our
software will help them to analyze their daily sales and in the end of the month
it can depict the products which are sold out the products which are never sold
and expired by this the stores can avoid ordering the products which are
expired and can be saved from the loss they are incurring every month and
also by using this they can find out that which product goes out of stock very
fast and in future they will order in big quantity and it will increase customer
satisfaction as the product is always available in stock which will also help to
increase stores goodwill.
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MARKETING
STRATEGY
•
ADVERTISEMENTS: The
company will use different kinds
of advertisement methods both
offline and online such as online
ads, google ads, Instagram and
Facebook ads, newspapers, and
magazines.
•
COMPETITIVE PRICE: By
providing lower prices but better
quality than the rival companies
to build trust and the client base.
•
GUERILLA MARKETING: By
making benches of our brand
and by making signs on streets
or by displaying them on malls’
bigger screens.
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COMPETITION
COMPETITORS NAME
LOCATION
SERVICES
STRENGTH AND WEAKNESSES
Google Cloud
Mountain View, California, United States
Google Workspace, Google Compute Engine,
Computer network, Management, Google
Cloud Storage
Strengths:
•
Fast I/O
•
Strong data analytics and storage
•
Facilitates easy collaboration.
Weaknesses
•
Limited choice of programming languages
•
Complex transition away from the platform to
another vendor.
•
Fewer features/services
IBM Cloud
Armonk, New York, U.S.
AI/machine learning. Use Watson's AI or
build your own machine-learning models.
Automation. Automate workflows from IT
operations to business processes.
Blockchain. Build applications on an
immutable blockchain ledger.
Containers.
Databases.
Strengths:
•
Scalability: Cloud infrastructure scales on demand
to support fluctuating workloads. Storage options:
Users can choose public, private, or hybrid storage
offerings, depending on security needs and other
considerations.
Weaknesses:
•
The cloud can take time to learn, and without easy
access to support, this time only increases. IBM
Cloud is not the right choice if your business needs
a more short-term option, as it can take multiple
hours to configure a bare metal server.
Alibaba Cloud
Hangzhou, 969 West Wen Yi Road, Yu Hang District, China
e-commerce, big data, Database, IoT, Object
storage (OOS), Kubernetes, and data
customization
Strengths:
•
Disaster Recovery (DR)
•
Access your data Anywhere.
•
Low cost
Weaknesses:
•
Lack of total control
vided by big companies and a number of services are provided by them, so they are lacking in quality and better customer satisfaction,
cture into consideration. So, our strategy to overcome this competition will be being stick to fewer clients but provide them with exce
nce we accomplish it perfectly we will expand but with restrictions and only to that many clients that are employees can handle excell
ng our interface and by building strong connections with them we will get references from them and from there we will get quality cli
ssed without internet access and due to less clients, the system will work fast and efficiently.
COMPETITIVE STRATEGY
As we can all of these services are provided by big companies and a number of services are provided by them, so they are
lacking in quality and better customer satisfaction, and they are just focusing on regular clients and not taking the big
picture into consideration. So, our strategy to overcome this competition will be being stick to fewer clients but provide
them with excellent services and also customize the software according to their needs once we accomplish it perfectly we
will expand but with restrictions and only to that many clients that are employees can handle excellently and serve them
best and give them a pleasurable experience after using our interface and by building strong connections with them we will
get references from them and from there we will get quality clients not quantity. Also, by providing an interface that can be
accessed without internet access and due to less clients, the system will work fast and efficiently.
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REFERENCES
•
https://www.statista.com/statistics/1365145/artificial-
intelligence-market-
size/#:~:text=Its%20value%20of%20nearly%20100,a%20vast%20a
mount%20of%20industries
.
•
:
https://www.trendingtopics.eu/ai-industry-will-reach-worth-
of-90-billion-by-
2025/#:~:text=That's%20why%20the%20forecast%20comes,calcu
lated%20by%20IDC%20and%20Bloomberg
.
•
https://www.dailymail.co.uk/sciencetech/article-
12064229/How-AI-changed-world-2030-according-
experts.html
•
https://dgtlinfra.com/google-cloud-data-center-
locations/#:~:text=Specifically%2C%20Google%20operates%20fa
cilities%20in,%3B%20and%20Las%20Vegas%2C%20Nevada
.
•
https://www.glassdoor.ca/Salaries/ceo-salary-
SRCH_KO0,3.htm
•
https://www.salary.com/research/salary/benchmark/chief-
technology-officer-salary/toronto-on-canada
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THANKYOU
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