These are exciting, albeit nerve-racking times. Technology is constantly progressing, and we are really close to seeing a lot of things that a few years ago seemed utterly unrealistic.
Technological advancements are revolutionizing our daily lives. Consider that a short time ago, if your child played a contact sport, you were relying solely on the coaching staff to monitor his or her well-being during a practice or game. Concussions are a hot topic in sports today, and with today’s advancements, there is now technology – at a minimal cost to consumers – that can measure the impacting force and subsequent condition of an athlete. Even those “basic” fitness trackers are aiming to improve our quality of life by taking health monitoring to new levels, measuring vitals like oxygen, hydration, and blood pressure. Diabetics can now benefit from smart contact lenses as a less invasive and more efficient way to measure glucose levels and manage their disease, and other innovative healthcare technologies are continually surfacing to make our lives easier and healthier.
As a business leader, it can be daunting to keep ahead of the trends that will affect your business, but I am here to tell you – Wearables are the new smartphone. Ignoring wearable technology’s influence is not a viable business decision looking ahead, and in preparing for 2020 and 200 billion devices, it’s essential to address their impact and take actionable steps to integrate this technology into the future of your business.