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Wearable Tech: Here to Stay? | @ThingsExpo #IoT #M2M #Wearables

Considerations for a burgeoning market

Wearable Tech: Here to Stay, or Passing Fad?

Wearable technology has come a long way since the calculator watch. In the past whenever I thought of the term "wearable technology" the first things I would think of were always calculator watches and pedometers, but boy have things changed! Even if you're a skeptic, this blogger thinks that pretty much everyone will be using some type of wearable tech by 2020.

The Next Big Thing in...Fashion?
It seems like wearable technology is everywhere. Whether it is Google Glass, or the Samsung Galaxy Gear, there seems to be nothing that you can't tech out.  There is Colour Change Couture, fabric that changes color when wet, The Programmable T-shirt, which, when combined with the smartphone app, allows the wearer to display tweets, Facebook statuses, and pictures. Celebs are even getting on the wearable tech bandwagon; Nicole Scherzinger wore a dress made of silk, Swarovski crystals, and 2,000 LED lights that displayed tweets in real time when the hashtag #tweetthedress was used.  For more on the future of fashion, check out this slideshow (you really should, there's some pretty cool stuff in there).

Tech Dress

Just the Facts Ma'am
Now I know you're probably thinking, "All this stuff is neat, but do people actually use this stuff that much in their daily lives?" Never fear gentle reader, I have the stats! The Centre for Creative and Social Technology at Goldsmiths, University of London conducted a study of 4,000 adults in the US and UK that lead to some interesting results. To start, it's important to know that only 18% of that initial 4,000 actually use wearable technology, but that 18% had some interesting opinions. For instance, 82% of wearable tech users in America and 71% in Britain felt that it enhanced their lives in some way. Shockingly (at least to me), 13% of the people surveyed say that they never remove the device and 7% admit to checking their device at least once every 5 minutes.  Your inner statistician still not satisfied? This Statista article has tons of stats about all things wearable tech.

Google Glass

It's the Future
Stats aside, it is clear that wearable tech industry is taking off. It seems like every day I'm reading about some new use/app for Google Glass. For instance, there is now an app that teaches the wearer ASL (American Sign Language) by pushing quizzes to the wearer throughout the day or the doctor in Ohio that used Google Glass to livestream a knee operation to a group of medical students so that they could watch the procedure from their laptops. It's not just uses for Google Glass that seems to constantly evolving wristbands that work as a type of health tracker (i.e., Jawbone UPFitbit, etc.) have been dominating the tech world lately, and I'm sure that as I type this there are developers all over the globe creating the next big thing.

The wearable tech market is set to explode in the coming years. According to a CNET article, it's projected that by 2018 the total worldwide spending on wearable tech will reach $19 billion. The boom will open up new avenues for app developers, which is great news for us over at Amadeus Consulting.

More Stories By John Basso

John Basso is an experienced technology executive with a unique ability to help businesses win through strategic roles both inside and across multiple organizations. He has been leading technical teams and implementing leading-edge business processes and custom technology solutions for over 20 years.

John’s versatile skill-set across all major business functions has made him an integral part of the success for Amadeus Consulting - where he is the CIO. As a dynamic executive, John is inserted into critical phases of the business lifecycle for Amadeus Consulting and works closely with its business partners to ensure their success.

John's demonstrated ability to manage complex custom software development programs across US and international teams has led to senior executive positions, including Chief Strategy Officer, CTO, and VP of Marketing, with several Amadeus Consulting clients and partners. Additionally, he has extensive experience with venture capital funding and was a key contributor to equity investment deals for three different promising startup companies of over $20 million each. Boards: Left Hand Design Corporation, Business Information & Analytics Advisory Board, University of Denver’s Daniels College of Business

Awards: "Forty Under 40 Business Leader" by the Denver Business Journal in 2005, Eco Hero by the Boulder County Business Report.

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