The wearable added value on business processes digitalization
Wearable technology has become a hot topic in the tech industry holding big potential for businesses in the digital age.
The rapid evolution of digital is providing new opportunities for businesses within both the public and private sectors to be more efficient and effective.
Wearable technology surrounds us with devices that primarily enable other devices with digital information, which in turn support us in taking real-world actions.
These new technologies will form an integral part of the "Internet of things," the logical evolution of the cloud and big data. They will be a more integrated element in the IoT in order to provide the wide range of features we're all expecting.
Wearables' value comes from introducing technology into previously prohibitive environments where safety, logistics, or even etiquette has constrained traditional technology solutions.
Nowadays, where the customer centricity is more and more strong and fundamental, it's clear that we are in the early stages of a business trend that is starting at the consumer-level, as they tend to do these days.
There are real business implications for the adoption of wearable technology. We are likely to see a host of business model disruptions to come, as we do with any number of important technological advancements.
Digitalized Companies will achieve a competitive advantage over non-digitalized ones because the use of a broader range of innovative technologies will make them more responsive to customer needs and allow them to seize new market opportunities faster.
Insurers are integrating them to improve consumer health and reduce costs, and employers are now tying employee health insurance premiums to measured activity gathered from wearables.
Exploring this trend involves every aspect of a Company from IT to sales, R&D to operations. Wearable technology, like any technology disruption, will reverberate across the spectrum of the organization and require business model changes.