Wearable technology, one of the most revolutionary breakthroughs of the contemporary era, has spawned a new trend. Wearables were mostly utilized by high-profile specialty groups such as the military, healthcare professionals, intelligence organizations, and certain niche businesses. However, in today’s world, wearable technology has proved to become a game-changer and an integral part of daily wear for the common man, almost like a necessity.
In the corporate world, wearable technology is enabling companies to accelerate adoption of a digitally-led transformation in ways that have never been imagined before. Since the smart life-changing applications that wearables bring, they are considered an important area of IoT. The only exception is that, unlike other IoT mobile applications, a comparable wearable app may function independently of the mobile app, offering consumers more options.
But which industries are in the forefront of using it to its maximum advantage? Here is a list of domains that our Saransh experts believe, are adapting it at a rapid pace.
Healthcare Sector
The healthcare sector is the biggest beneficiary of wearable technology and one of the early adopters to make it a part of their services. Medical diagnosis, preventive care, remote monitoring, and high-risk care management are all made easier by healthcare wearables. Wearable ECG monitors, blood pressure monitors, and Biosensors are examples of body-mounted sensors that detect vital healthcare data including heart rate, muscle oxygen levels, glucose levels in the blood, and more. Furthermore, smart health watches and fitness trackers have sensors that identify early indicators of Parkinson’s disease, Strokes, Cancer-related tiredness, early Alzheimer’s symptoms, and many other such illnesses.
Education
The education sector has a huge scope of using wearable technology to revolutionize learning methods. From VR Goggles that run simulated environments of different scenarios, to performance monitoring devices in the form of watches, mobile apps and wrist bands, different types of devices are being introduced in the learning systems with proven results of increased efficiencies.
Entertainment and Gaming
The entertainment and gaming industry is utilizing cutting-edge technologies, such as the Internet of Things (IoT), Virtual Reality, Artificial Intelligence, and wearable technology to create remarkable devices that enhance user experiences. Eyewear that generates realistic images, haptic gadgets that offer real-time physical input to gamers, and wristbands that help people interact virtually are just a few examples.
Fashion Industry
The fashion sector has also begun to capitalize on the advantages of wearables. Wearable apparel is being developed by top clothing companies such as Levis in the shape of suits, pants, and other clothing items. Rings, necklaces, and armbands are some of the types of wearable jewelry accessible. Smart Fabrics are the future and clothing integrated with chips and sensory devices are being developed across the globe, by big players. Temperature-controlled clothing, embedded warning systems, skin-sensory fabrics and many other such ideas are gaining momentum.
Insurance, Fintech and Banking
Wearable technology allows insurance companies to obtain policyholder biometrics and other key information. This information aids them in preventing fraudulent claims, ensuring underwriting accuracy, and improving client satisfaction. Fitbit, for example, has partnered with United Healthcare, and users who track their activities on Fitbit devices will be rewarded with healthcare credits.
Wearable devices are also allowing banks to communicate with customers more effectively and provide better services. Banks may give customized services to clients by acquiring particular client data in real time. Customers benefit from the convenience of easy-to-use services and contactless payments.
Artificial intelligence-powered by wearable gadgets are assisting organizations in tapping new areas of digitalization while also boosting lives and ROI. Even one step toward digitization increases the company’s viability. Wearable app development is still in its formative stages, with a journey ahead. This technology is already ahead of the curve, and further innovations seem to be on the verge. From start-ups to MNCs, wearable technology has become accessible to every business and person and is the biggest game-changer in digital transformation, globally.