Develop a strategy to implement the IoT innovation and advance in the marketplace. Scenario: You work as a middle manager for one of the top U.S. producers of luxury and mass-market automobiles and trucks. To remain a viable competitor and meet the demands of consumers desire for technology, your companys chief technology officer (CTO) has decided to implement the Internet of things (IoT) in your companys product line. You are now leading a cross-functional team to move forward with the company initiative. After this analysis, you presented your recommendation to various stakeholders about how to proceed. You chose one of the following: A. Add recent technology features into one model and incrementally into the broader product line (incremental innovation). The CTO has accepted your recommendation. Now you are ready to develop a strategy for taking the innovation to market. To develop a strategy, you will need to look at your competitors relative strengths in the current marketplace, to understand how your company compares to your competitors, and to identify the total market and the markets annual growth rate. Finally, you must share your thoughts on responding to changes in business conditions. While no one can predict the future, it's vital to consider how adaptable your plan is to unforeseen circumstances. Using the following recommendation, Cost-effectiveness: Replicating functional models and production systems reduces costs. Less Risk: Gradual adoption of IoT features reduces risks regarding consumers' acceptance of the devices and the technology's effectiveness. One is speed: it can briefly introduce new features into the market and enhance its ability to meet consumers needs. Customer familiarity expands the understanding and acceptability of current models, as the clients can grasp new changes easily. Potential Risks of Incremental Innovation Reduced Market Sensation: Incremental innovation may lack the uniqueness and appeal of launching an entirely new product line. The last factor is the compatibility of current technologies; older vehicle architectures may require modifications to support IoT functionalities. Slow Innovation Curve: Depending on an organization's choices, the market penetration may be gradual, which is slower than other competitively hungry organizations. Use Power BI to analyze the comparative growth data in the Power BI User Manual linked in the Supporting Materials section. To complete this milestone, you should also refer to the Sales Forecast, Comparative Growth Data, and Comparative Operating Statistics linked in the Module One Memo Guidelines and Rubric. Specifically, you must address the following rubric criteria: 1. Follow the directions in this document to create the required charts using Power BI. Analyze the competitors relative strengths in the marketplace. A. Write a short paragraph describing the growth rate of each Tesla, GM based on the data included in th