Juniper Research has found that annual revenues from connected healthcare and fitness online services will approach $2 billion by 2019 -- that's nearly six times the $320 million value estimated for this year. The findings from Juniper's latest market study also reveal that connected healthcare devices -- and the data they generate -- will offer substantial benefits to the consumers of these new products.
If you have any smart watch users in your immediate vicinity, you will notice that currently a narrow demographic favors this distinctive wearable technology. That would be the top 25 percent wealthiest males, ages 25 to 34. Not surprising. This demo tends to be early adopters to technology. They have disposable income, usually, and why not spend it on the latest/coolest piece of technology?
This eve of the next wave of “fashionable wearables,” arguably led by the imminent release of Apple Watch, is a good time to start benchmarking the market by assessing leading themes in social media as they evolve in 2015. As the wearables “body part” competition heats up, one thing is certain—consumers want stylish devices. Enhanced functionality is expected by wearers, but fashion is foremost.
There’s little question that the future of sports training lies in smart technology. As the technology improves, prices will come down, allowing for even more people to use it to further their own athletic progress. Think of the current generation of fitness wearables, only more advanced, more streamlined, and with more capabilities.
This will allow them to mitigate data security challenges that accompany the rapid growth and individual adoption of these devices. If you aren’t aware of what devices employees are using, then there is no way to build the right policies around them, leaving your business wide-open to unprotected risks.
The holidays are almost here, and you’ve likely filled out your Christmas wish list already. Though you’re probably excited to get some of the latest gadgets, you actually might want to hold off just a bit longer.
Apple has the ability to take an existing technology and make it much more appealing to the masses, but we’re still a few years away from seeing wearable match mobile in terms of popularity. However, as more and more people jump on board, and better, more innovative devices are created, we’ll start to see big changes.
It’ll be interesting to see the direction wearable technology takes. Obviously the fashion and fitness industries have taken an interest, but it wouldn’t be surprising to see if wearables follow the BYOD (What is BYOD?) trend and work their way into the workplace. Either way, with a growing number of people adopting new technology trends, designers need to move away from one-size-fits-all products into something people can make their own.
There’s no avoiding the clear trend that will come as the general public adopts wearable technology. The risks that accompany wearable devices are real, but they can be managed by the company willing to prepare for what’s to come. Common sense approaches and the latest security technology can go a long way to ensure a company’s data is protected. Once preparations are complete, businesses can proceed to reap the benefits that wearable technology brings.
In my last post, I highlighted the imminent penetration of wearables into society, considering some of the broader implications. In this post, I’d like to narrow in a bit on the topic of wearables in the enterprise, and the implications this will have on the CIO.