Wearable Technology Market Could Reach New Heights
Business Insider reported that the large number of 385 million people could soon be affected by the wearable technology market trend.
Piper Jaffray’s Erinn Murphy and Christof Fischer even said that “wearable technology will be the next generation of devices to transform how individuals consume and use information.”
It’s estimated that the wearable niche will grow from 21 million units in 2014, to 150 million in 2019– a 48% compound annual growth rate (CAGR).
The target market is believed to be those above the age of 15, and the fitness sector as the main push for growth.
In fact, the three “mega secular trends” that Business Insider reported are:
- Health & Fitness
- “Quantified Self” –Or, incorporating technology into our lives
- Convergence between brands and technology
With all this predicted growth in the next 5 years, is it not likely to also reflect in the industrial sector?
It seems like every other week there’s a new story out detailing Google’s next plan to keep track of us or our “private” information.
This week it was its new Google Maps feature, according to Rex Santus of Forbes.
Thanks to “Your Timeline” on Google Maps, you will now be able to fully visualize everywhere you’ve been in the past day, week, even year. Google Photos users will even have images to help jog your memory of your whereabouts.
Google claims it’s a useful way to remember where that “museum you visited on vacation was, or where that fun bar you stumbled upon is at.”
Of course, the feature only works if the user enables the setting themselves– but, it may still make some a little uncomfortable. After all, it is one more way Google knows your every move.
Putre describes the place like something out of a Hollywood movie set– at least at first glance.
A public-private partnership of Michigan University, automakers, insurance companies, and Michigan Department of Transportation make up the U-M Mobility Transportation Center (MTC), who is responsible for Mcity.
Automotive researchers can bring connected and automated vehicles to Mcity and test them safely, “long before they hit the real road.”
David White of IndustrialIoT.com wrote this week, “Oh puh-leeze, let’s make the Industrial IoT better than this.”
While the consumer IoT trend is on fire lately, with a large chunk of it in wearable technology, White argues that we can do more, and do it better.
White even suggests six tips to tackle an Industrial IoT project, from starting small, to thinking about what data you can leverage right away.
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