Why Should IT Probe Into Wearable Tech

By CIOReview | Thursday, July 28, 2016
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Watches with touch-screens and microphones was an object exclusively for the British secret operative 007– ‘James Bond’, as described  in the novels by Ian Fleming in the yesteryears. Who could have imagined that such kind of wearable tech would be accessible to the commoners and to a wide spectrum of professions for a wide range of purposes? After the debut of VR headsets and smartwatches, the wearable tech has a made a solid statement of how practicable and viable it is, and how it has provided the IT world the power to envision a smarter future.

Today, tech Giants like Google, Apple and Samsung have scaled up the ladder of wearable tech and showed the world the brilliance of such devices by creating multipurpose smartwatches. Wearable tech like Fitbit has touched upon the fitness and healthcare industry, and has already lured a good amount of fitness freaks with its wireless technology and sensors.

With the potential to enlighten various verticals, it’s time to cognize wearable tech as it could be the next big thing for the IT world to look upon and root on.

More viable More Consumers

Wearable tech can be broadly categorized as comprehensive/multi-purpose or single-purpose. Samsung’s Galaxy gear, Motorola’s Moto 360 and Apple’s Watch, have already hit the market; some of them even have upgraded versions of their device. Then there are single-purpose devices like the Fitbit as mentioned earlier, which concentrates on the fitness and health of individuals using it.

With embedded sensors and a smart OS, these gadgets perform tasks that smartphones can and a few tasks that the smartphones can’t afford. You don’t even need to get the 5-inch gadget out of your pocket to check emails or reply to messages anymore. Samsung has efficiently crammed up GPS and heart rate sensors into its sub-200$ Gear Fit 2. Smart glasses that can click pictures, rings that monitor heart rate and stylish bracelets that act as smart device have already entered the market, and the results are better than expected.

A recent Comptex research estimates that by 2016, wearable device shipments will exceed 140 Million, and it will stand for almost $30 Billion in revenue. Over the next five years, wearable technology market is expected to grow at a CAGR of 30 percent.

Enterprise potential and wearables

Wearable tech has majorly made its mark on the healthcare sector in the last few years. But if you think that entertainment and healthcare are merely two verticals for their performance, then you are mistaken. There is a wide range of enterprise based tasks that these tiny devices can perform, especially in engineering environments. A warehouse technician or industrial engineer can receive important updates, and alerts or relevant data without having to remit their current task or let go of their equipment. Smartglasses and smartwatches can efficiently support and guide industrial workers who have to wear heavy uniforms and deal with hazardous conditions, such as rescue teams or miners.

Companies can provide spontaneous on-boarding and job training to workers equipped with smart wearables like badges or watches. Retailers can turn each employee into a sales terminal and boost in-store collaboration.

“Wearables hold so much promise because they provide a hands-free way for employees to engage in real-time with context-specific business information, customers, or one another,” said Chris Curran, Principal and Chief Technologist, PwC in a recent research paper.

Wearable gadgets can be utilized by sales teams, real estate agents, lawyers and many more professionals who need to access data instantly.

Vastitude of opportunities

Smartphone OEM’s, wireless carriers, health insurers, retailers and third-party application developers are circling around the wearable ecosystem alongside small and medium sized startups. With the ability to interlink the emerging trends of socializing, healthcare, fitness, and messaging, the wearable tech establishment is attracting a lot interest from various pioneers and innovators and is about to gain a lot of edification in the coming time.

It has touched upon various lives like those of parents who are able to keep track of their children and their safety using monitoring applications used in smartwatches. Wearables are also being integrated into IoT and smart houses. This will enable common household technologies with WiFi integration like electronic door locks and smart thermostats to be controlled using wearables.

The simplicity of wearable tech increases the opportunities and the growth of the emerging industry.

Stay ahead of the curve

Evidently, wearable tech is coming forth with a great deal of enterprise potential with so many vendors tapping the wearable technology landscape. Even if your company does not fancy wearable tech right now, eventually you will have to manage these devices, so why not start now?

The business executives and IT administrators would soon have to jump on the bandwagon of wearable tech, finding a corporate use for it in the distant future. One can definitely expect beneficial guidance from wearables that will alter the way we interact with technology and society.