Entrepreneurial Opportunity: Virtual Fitting Rooms Using Emerging Technology

Entrepreneurial
Opportunity

Table of Contents
Task 1...............................................................................................................................................1
Covered in PPT.......................................................................................................................1
Task 2...............................................................................................................................................1
Introduction............................................................................................................................1
Description of the business start-up.......................................................................................1
Application of the domains to the business start-up...............................................................2
Conclusion..............................................................................................................................3
References........................................................................................................................................4

Task 1
Covered in PPT
Task 2
Introduction
Entrepreneurial opportunity refers to the process through which the demands of the
customer are identified and according to which the feasibility study is conducted. This ultimately
helps in producing the product and services as per the needs and requirements of the customers
with bitter market research. The below report is totally based on the new business idea according
to the business problem identified. description about the business problem such that nowadays
there is a negative impact of declining online shopping of clothes and other essentials due to the
lack of physical touch and traditional trial by the customers (Reuschke, Mason and Syrett, 2022).
This problem has emerged with the business idea of introducing the virtual fitting rooms in
which the advanced technology will be implemented and installed in the form of augmented
reality and artificial intelligence along with the virtual reality. The new business ideas depended
upon the emerging Technology with the emerging problem nowadays so that the advanced
solution can be proposed in the form of new business ideas. The following discussion provides
the insight of the in that discussion of the virtual fitting rooms in context of the application of 7
domains of the business so that the business idea can be examined with proper conclusion.
Description of the business start-up
The new business ideas are based on the virtual fitting rooms which are followed up by the
organisations in their operations to grow their online presence. This is an idea which is used by
most of the retail organisations for better selling and purchasing of the product in an online
manner with the help of websites and adopting the emerging Technology. The Technology used
in order to propose the new business idea of virtual rooms is the augmented reality and virtual
reality along with the artificial intelligence so that the customer can have the comfort in
purchasing online. This helps the customer to try any product from the organisation with the help
of a website and opening their front camera so that they can recognise the suitability of the
product on their body either in the form of clothing or cosmetics (Lee and Xu, 2022). Moreover
customers are also assisted not to visit the physical stores and perform traditional shopping
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