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www.ijcrt.org 2024 IJCRT | Volume 12, Issue 9 September 2024 | ISSN: 23202882Prospects And Challenges Of Augmented Reality In Indian Tourism Industry 1Lt. Seena V, 2Dr., Lt. Reji G. D. 1 Assistant Professor, 2Assistant Professor 1 Department of Economics, T.K.Madhava Memorial College Nangiarkulangara, Alappuzha, India 2 Department of Economics, Bishop Moore College, Mavelikkara, Alappuzha Abstract: This study explores the prospects and challenges of Augmented Reality (AR) technology in Indian...
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Prospects refer to the potential opportunities for growth and success in a particular field or project, while challenges refer to the obstacles and difficulties that may hinder progress. Together, they provide a comprehensive overview of the future outlook of a situation.
Typically, businesses, organizations, or individuals involved in specific industries or projects that require analysis and reporting of potential future scenarios are required to file a prospects and challenges report. This can include investors, project managers, and regulatory bodies.
To fill out a prospects and challenges report, one should first identify and analyze the current situation, gather data on market trends, potential opportunities, and anticipated obstacles. Then, structure the report by clearly outlining the prospects, detailing the challenges, and providing a balanced view supported by relevant data.
The purpose of a prospects and challenges report is to provide stakeholders with a clear understanding of the potential benefits and risks associated with a project or business venture. It aids in decision-making and strategic planning.
The report should include information such as market analysis, potential growth areas, projected financial outcomes, identified risks and challenges, historical performance data, and strategic recommendations based on the analysis.
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