Technology is getting more and more intelligent and is increasingly influencing our daily lives. Wearable technology, also known as body-borne computers or just wearables, are devices that are on the rise here. Experts even argue that they will be taken for granted in just a few year, because they will provide us support in many areas of our society. So did agree the participants of “The Quintessence” roundtable discussion.
Electronic Components Getting Better
Markus Strecker, CEO of the technology brand Teiimo, speaks of an astonishing technological development. “In the last few years, there have been many developments in the MEMS sector, making them very affordable to use today. We have made great progress in energy efficiency of microcontrollers and in wireless technologies.” Those micro-electro-mechanical systems (MEMS) can be defined as miniaturized mechanical and electro-mechanical devices. They consist of miniaturized structures, sensors, actuators, and microelectronics and typically converts a measured mechanical signal, such as motion, into an electronical signal.
New Developments In Medicine
The latest development is the utilization of technology in clothes. Bendable 3D electronic components can be integrated into textiles, which then can be equipped with certain functions, like heating or mobile phone charging. Such a technology offers many opportunities for the future, for instance in medicine. “Technologies are being refined, enhanced with software solutions and certified for applications in medicine – in the end, there might be one out of ten consumer applications that can reasonably be used in the medical sector”, believes Markus Vogt, responsible for the healthcare segment at EBV Elektronik.
Products Meet High Requirements
According to Johannes Kreuzer, however, wearables will assort in the consumer sector. The CEO of cosinuss, an advanced technology start-up building heart rate monitors for athletes, sees a higher demand here. But he also believes that the lines between sports and medicine will blur into each other in the future. Consumer products that meet the requirements of the healthcare sector, e.g. measurement accuracy, are already available today. Also the use of wearables in various other scenarios is imaginable. Wearable heart rate monitoring devices could be interesting to monitor the fitness conditions of firefighters or “the attention level of an employee in the production industry could be monitored so that if they are too tired to work carefully, they could be sent to a short break”.
Use Of Wearables In Industry
Another typical example, in which wearables will be used in the industry is mentioned by Christian Stammel, CEO of Wearable Technologies AG: “Google Glass was used by all major global consulting firms to demonstrate its potential in logistics or in industrial manufacturing”. Head-up displays in helmets of construction workers could also simplify their work by being able to access information much quicker or even taking pictures or shooting videos. These examples indicate that it is not only about the devices itself, but that services and software play a tremendous role for the success of a wearable device eco-system. For sure, information is the definite key factor, but hardware components such as sensors and microcontrollers are the ones that generate and use the information. It is an interplay between multiple entities. Layla Keramat, Executive Creative Director at frog, even goes a step further and claims that data generated by wearables will be become so valuable that companies will pay for it: “Data is the new currency”, she believes.
Partner Up with Experts
Wearables should support its user while they carrying it. “You need to create a real use for and solve a problem with the wearable”, states Johannes Kreuzer. And exactly this use is what companies should consider and focus on when launching a new product to the market. Start-ups should also know who the big players are and should not neglect the market. The TQ roundtable participants recommend to look for technology experts and partner with them. This will help during the implementation of the project right from the start. “Otherwise the electronics integrated into the wearable will quickly become out of date when the device comes onto the market”, Markus Vogt points out.
The Quintessence For Start-Ups
Wearable start-ups may face initial obstacles during the first period, but the market is worth the effort. That’s the quintessence of the roundtable discussion. “There will be a leap as there was ten years ago when the smartphone was rolled out”, concludes Christian Stammel. The importance of wearables for our lives will increase, especially in the healthcare and medical sector. Also Layla Keramat nails it with her statement: “Wearables will become as important in our lives as glasses are for people with sight problems – and in exactly the same way, they will give us a kind of superpower”.
Get to know the participants of “The Quintessence of Wearable Technology” roundtable in this video clip:
If you download your free copy of “The Quintessence of Wearable Technologies” you can get even more information about wearables from the roundtable participants including more tips for start-ups to be successful. You can also contact EBV directly here for personal support.