Potential Market

A List of the Potential Buyers for Our Idea:

Construction/Carpentry/Contracting
Buildings need to be accurately planned out to provide the most
structural support.
Surveyors
Surveying today is an estimation, but with an accurate measuring
device, the surveying results can be precise.
Teachers/Professors (Science/Mathematics)
In labs, students use a foot-long ruler to measure a distance that
is 30 feet. Teachers can equip their students with an accurate device that
minimizes guesswork for more meaningful data through labs and experiments.
Students
Uncertainties and human error in measurement can cause
problems in data results. For example, we had to measure the distance we ran in
5 seconds by using only a meter stick. This made our gathered data unreliable
and not exact.
Engineering (Aeronautical, Mechanical, etc.)
Engineers need to provide a solution that others can replicate.
Therefore, measurements must be exact.
Real Estate
The interior space of a house has to be measured accurately for
the company to advertise their market reliantly for consumers.
Robotics
Many materials and parts are supposed to be cut and molded to fit
a certain design such as the chassis and drivetrain.
Machine Shops/Manufacturing/Factories
In smaller items that have specific design, the use of factories is
key. If these objects are to be mass produced, then the measurements should
be spot-on.
Automobile Industry
The creation of each part of an automobile must have exact
measurements if it will be duplicated in mass production. Millions of people
depend on the safety and assured design of their vehicle.

Statistics:
Approximately 1 out of every 4,700 bridges collapse
annually.
The Associated Press analysed 607,380 bridges within the
United States. The federal National Bridge Inventory shows 65,605 were
categorized as structurally deficient, 20,808 as fracture critical and
7795 were categorized as both.
Based on the American Society of Civil Engineers analysis,
it would cost 20.5 Billion a year to be spent to repair bridges until 2028 but
only 12.8 was spent last year

 Dozens of motorists have been killed due to the structure

deficiency in bridges and overpasses over the last 40 years.
Starting at the bottom of the human error table...the error
rate drops as we move upward from Complicated non-routine task (1 error
in 10), to Routine task with care needed (1 error in 100), Routine simple
task (1 error in 1000), and Simplest possible task (1 error in 10,000).
You can also see what happens when you add stress into a
situation: for 'Complicated non-routine work' the failure rate rises from 10
errors per 100 opportunities to 25 per 100 opportunities.
The scariest advice of all is contained in the last error rate
'Fail to act correctly after 1 minute in an emergency situation'9 errors
in 10. Do not have emergencies; because by two minutes into an
emergency situation every decision people make will be wrong!
Sources:
http://america.aljazeera.com/articles/2013/9/16/many-us-bridgesarestructurallyunsoundsaysnewreport.html
Moskowitz, P. (2013, September 13). Many US bridges are structurally unsound:
Report. Retrieved November 1, 2015.
http://abcnews.go.com/GMA/story?id=3439672
Deadly Bridge Collapses Through the Decades. (n.d.). Retrieved November 1,
2015.
http://www.lifetime-reliability.com/tutorials/reliabilityengineering/Human_Error_Rate_Table_Insights.html
Sondalini, M. (n.d.). Unearth the answers and solve the causes of human error in
your company by understanding the hidden truths in human error rate tables.
Retrieved November 1, 2015.