BarVision is a smart pour system that uses patented SmartSpout technology to account for every ounce of liquor or beer poured. It connects to a bar's POS system to provide reporting tools and analytics to help owners increase profits from alcohol sales. The system was installed in a large bar and led to a 10% increase in pours per bottle, 150 more drinks sold per week, and over $20,000 in additional monthly profits. Revenue per ounce grew by 18% and weekly sales increased by $7,000. The return on investment for the SmartSpouts was over 15 times their cost.
This document provides guidance on developing an effective research proposal. It outlines the key components of a proposal, including an introduction describing the problem statement and research purpose, literature review analyzing previous related work, methodology explaining the research approach, and work plan with timeline. The introduction should motivate the topic and clearly define the research questions or hypotheses. The literature review critically analyzes major studies to contextualize the work. The methodology demonstrates and justifies the methods for answering the research questions, such as quantitative, qualitative, or mixed methods. It also describes the sample, data collection tools, and ethical considerations. The conclusion presents the expected outcomes and implications of the study.
BarVision is a smart pour system that uses patented SmartSpout technology to account for every ounce of liquor or beer poured. It connects to a bar's POS system to provide reporting tools and analytics to help owners increase profits from alcohol sales. The system was installed in a large bar and led to a 10% increase in pours per bottle, 150 more drinks sold per week, and over $20,000 in additional monthly profits. Revenue per ounce grew by 18% and weekly sales increased by $7,000. The return on investment for the SmartSpouts was over 15 times their cost.
This document provides guidance on developing an effective research proposal. It outlines the key components of a proposal, including an introduction describing the problem statement and research purpose, literature review analyzing previous related work, methodology explaining the research approach, and work plan with timeline. The introduction should motivate the topic and clearly define the research questions or hypotheses. The literature review critically analyzes major studies to contextualize the work. The methodology demonstrates and justifies the methods for answering the research questions, such as quantitative, qualitative, or mixed methods. It also describes the sample, data collection tools, and ethical considerations. The conclusion presents the expected outcomes and implications of the study.