Module 2 Financial Justifcation Memo
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Financial Justification
1
Module 2: Financial Justification Memo
Kela Gilmore
MBA 580
July 16, 2023
Professor T. Marion
Financial Justification
2
Memo
To: CTO
From: Kela Gilmore, Middle Manager
Re: Incorporating loT into Connected Cars
The purpose of this memo is to outline the financial options available when incorporating
loT technology into Connected Cars for our company. Insider Intelligence forecasts more than 64
billion loT devices will be installed worldwide by 2026. (Meola, 2023) Financial Comparison Option A&B (incremental and discontinuous) and some data visualizations will determine which
option has the utmost financial benefit.
Figure 1
0
1
2
3
4
5
6
7
8
9
10
0
50
100
150
200
250
300
350
Sales Forecast Data: Option A
Sales Traditional Sales Connected Years
Sales Forecast in Billions
Financial Justification
3
Figure 2
0
1
2
3
4
5
6
7
8
9
10
0
50
100
150
200
250
300
Sales Forecast Data: Option B
Sales Traditional
Sales Connected
Year
Sale Forecast in Billions
Sales Forecast Data Options for both A&B are displaying a similar upward trend. The
traditional sales of both options A and B offer comparable sales; however, Option A is a better
investment in connected sales. Years 6-10 show a significant increase in connected
sales.
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