"A doctor might want to see how (wearables) data can be used to spot unhealthy activities or exacerbate chronic conditions; to do that, he or she will need an analytics platform that spots trends." With wearable sports and activity trackers expected to become a $1.4 billion industry in less than two years, healthcare providers are [...]
"That’s the first step: a personal fitness platform that derives value by virtue of, essentially, a new kind of streaming-data wisdom of the crowd." Imagine a fitness tracker like a Fitbit, Up, or Misfit Shine on every person on the planet. Imagine all that data flowing up into an anonymized cloud-based platform. Imagine connecting that [...]
"Gathering standardised, calibrated data from smartphones and wearable devices is obviously a key precursor to analysis and meaningful output." Sensor-laden smartphones and wearable devices are set to generate vast amounts of activity and other health-related data in the coming years. Fitness bands such as the popular Fitbit and Nike Fuelband, smartwatches such as Samsung's Gear [...]
Up until recently, there were two kinds of healthcare data: Public health data sets, which are largely built from anonymous surveys and are, in theory, publicly available, but, in practice, accessible and useable only by a small number of physician and researchers; Electronic Medical Records (EMRs), which are built from your individual interactions with healthcare providers, [...]
Consensus opinion these days is that healthcare stands to be a major beneficiary of advancements in wearable techs, but significant barriers to adoption exist based on concerns around personal data security. It's a major sticking point with a lot of moving parts that's generating a great deal of discussion and think-time among industry analysts, entrepreneurs, [...]
In the future of wearable technology, the device is the least important element of the market equation. Imagine a big whiteboard . . . On the left, are the hundreds (perhaps soon thousands) of wearable devices. Some of them are for fitness buffs, some of them are for medical purposes, some are glorified fashion accessories, [...]
Most predictions I have seen call for wearable techs to be a $30 billion to $50 billion dollar market by around 2018. I think the actual number will be much larger and that rapid enterprise adoption will be a key growth driver. My thinking is built on referencing other techs that enterprises have adopted, specifically [...]