IoT and Wearables
We are living in an era of technological advances. The world around us is changing – we are using technology much more in our everyday lives. The Internet of Things (IoT) is driving the change. Not only are we using technology but we are also connecting it to the Internet and therefore, connecting ourselves online. When it comes to IoT, one sector is growing faster than others: the wearables.
What are wearables?
Wearables are essentially pieces of equipment you can wear, hence the name. The separating factor between technology such as a watch and a wearable like a smart watch is the functionality of the product. Wearables use technology much more innovatively – often monitoring the world around you, as well as you and connecting you to the wider world.
The most prominent field within the wearable industry is digital health. Indeed, some of the biggest selling wearables so far have been things such as fitness trackers. FitBit products can track the amount of steps you take, how long you spend exercising, the changes in your heart rate and so on. As these wearables have been improving, they have begun focusing on more things like the quality of your sleep and how much food you are consuming.
Wearables collect this kind of information through sensors attached to the device. When you wear the product, the sensors start collecting the information, providing it to you real-time and in charts and data sets you can review later. This also creates a more personalized experience – the data you monitor can be designed around your particular needs as well as requirements.
The growth of IoT
The introduction of wearables is largely explained by the expansion of IoT. According to a BI Intelligence report, the world will have 34 billion smart devices connected online by 2020. This will quite a leap to make, considering the number in 2015 stood at 10 billion. In essence, the next three years will see factories produce over 20 billion new IoT devices – many of which will be wearables.
Furthermore, the report highlighted the expansion of investment as well. In the next few years, the industry is likely to spend close to $6 trillion to create and develop new IoT devices and technologies.
The reason for this is how IoT has been proven to provide benefits for businesses. In fact, more recent studies have shown wearables to be able to enhance productivity as well as cut costs for businesses. The more businesses are adopting these technologies, the quicker the industry will grow.
What does the future of wearables look like?
However, the wearables sector will not just be something for businesses to enjoy. Consumers have slowly been adapting to the new products and there are already affordable solutions for getting involved with the innovative sector.
Although the health care sector has been controlling most of the industry so far, innovation is likely to push through in the coming years. According to Gartner, smart clothing will start replacing smartwatch models. There have been some examples of this already available. Polar is about to launch a vest that captures heart rate and uses different sensors to track your motion and metrics in real time – the training data could be useful for athletes and coaches. There are even smart bikinis that can prevent you from staying out in the sun too long.
While Google Glass never managed to really take off, it’s likely similar wearables will break through later down the line. It wouldn’t be a surprise if augmented reality becomes the next big thing in the wearables sector. Some predictions are already painting a rather interesting image of the future.
How to get involved?
When it comes to IoT and the wearables sector, the biggest hindrance to deeper engagement has been down to price. Unfortunately, turning your wardrobe into a smart wardrobe with tons of wearables simply isn’t yet truly affordable to most people. However, as the technology innovation advances and the market becomes bigger, it is likely to see the price of wearables go down as well.
Furthermore, the ability to start wearing some sort of smart technology is not that high. Smartwatches and fitness tracker don’t cost a fortune anymore because the market is flooded with different products. You can bring down the costs even further by utilizing coupon codes from OZCodes.com.au – some of the leading wearable technologies are offering great deals in the marketplace. Above all, once you take into account some of the benefits of wearing these smart devices, you can appreciate the reason they might seem costly.
The time for wearables is looking good. There are plenty of opportunities in the sector and the innovation in IoT will keep pushing wearables more towards the mainstream.Only time can tell what sort of products will come out in the coming years.