How is Wearable Application Development Adding New Dimensions to various Industries?
The futuristic technology has reached the tipping point of mainstream adoption due to its fusion with standard accessories such as watches, shoes, bracelets, bands, or glasses that people use the most. With constant evolution, the technology is extending its circumference and providing the developers with more tools in the arsenal to explore and create innovative use cases that revolutionize the industries and thrive the prospects. It’s a good deal.
When we look at some industry insights, it reveals:
- The wearable market will witness a hike of 35% by the end of the year 2019.
- The wearable device will become a $27 billion market by 2022, where the sales get nearly doubled.
- There is a steep rise in sales and adoption will be seen in smartwatches and fitness trackers.
- Pretty more.
It indicates incorporating the technology industry-wide makes great sense and it’s a lucrative bet that certainly pays off galore. The forward-thinkers are reaping the advantages and gaining an extra edge with wearable app development. Let’s dig deeper!
How wearable technology is changing the game of various industry verticals?
Actively transforming Healthcare
Wearable technology has brought significant change in the traditional patient-doctor relationship alongside solved many healthcare problems. The technology has an answer to the people that’s too busy and accustomed to convenience wherein they don’t want to physically visit the doctor continuously, undergo regular tests, wait for diagnosis and take the prescription.
The advanced sensors and technologies in wearable devices have digitized the healthcare space by automating the treatment and diagnosis process. With wearable, the people can self-track health by monitoring BP, glucose level, heartbeat, or eye sights anytime. The data can be regularly shared with the doctor and if any major fluctuation is observed, then it’s automatically informed to the doctors, and they can prescribe the required medication. Automation leads to a faster and better decision that can even save someone’s life.
Moreover, there are some apps lets the users stay fit and healthy by regularly notifying them for calorie intake, calories burnet, water level, and exercise or medication. The eye-based, wrist-based, and ear-based devices gained immense traction as they don’t engage the user’s hands. All the data collected by wearable devices stay synced with mobile or tablet so that users can track them anywhere.
Changing the payment industry
The market is witnessing the explosion of devices and connectedness. This trend will continue to intensify that further unfold new opportunities for the payment industry. When everything will be connected, then users can pay for the morning coffee in the coffee shop just at the flick of the wrist or fingers. The frictionless form of payment is a growing apace where dedicated payment band, contactless bank card on wearable devices, or payment apps are the common instances of it.
The emergence of a wearable payment solution is also an answer to the secure payment challenge with biometric authorization and the transfer of limited data. For instance, the user’s heartbeat or face could become the passwords that create a net of safety on the financial payment without impacting the user experience.
Some of the examples of wearable technology payment are Lyle & Scott’s contactless payment jacket where a chip in the cuff of the jacket allows the customers to pay without taking out anything; Disney created a Magicband for the visitors that allow them to pay for goods, store ticket, quickly get on rides, and unlock the door to their room because they often lose the cards; during the Rio Olympics, athletes were given different types of wearable like- payment rings, payment bands, and smartwatches to make payments hassle-free.
Retailers are not behind
There is a huge potential in moving the shopping from two inches away pocket to the wrist, which if tapped rightly, the retailers can get benefits galore. The wearable technology can enhance the customer experience from the data point of view. The device that’s constantly attached on the user’s body precisely collects the granular data such as in-store shopping frequency, user’s likes, browsing behavior, average ticket size, and dollar value per item.
The super data when analyzed allow the retailer to provide data-driven customer service, real-time personalization (custom recommendations or special deals), and speedy checkout. The wearable is not just replacing mobile touchpoint, instead, they help in providing integrated experience by working as a natural extension to the online experience. Connecting the dots, the omnichannel retailing will be more simple and effective.
The wearable is always on the user’s wrist which they can refer to all the times even at the places where mobile is not allowed. Thereby the retailer can catch the users in the proximity that gives a leg up to the localized marketing.
Logistics operations are improving
The desk-less worker in the supply chain doesn’t enjoy the luxury of sitting in front of a computer the whole day and cannot carry the tablet strapped on the chest to access, manipulate, and share the data. Wearable technology is filling the gap in the logistics industry by improving worker’s efficiency, enhancing connectivity, and improving communication.
The wearable technology in conjunction with IoT allows the worker to access the data, and continually provide the data to the organization’s ERP and other systems in real-time. For instance, the technology alleviates the need to review paperwork and figure out the task because wearable tells them where the product is located and ready for pick-up or not. Once, the product is picked up, the information automatically transmitted to ERP without any manual entry, which increases the speed and accuracy of the operations.
When the predictive analytics completely based on automated data capturing, then identifying the inefficiencies in the ERP will become easier and a lot of time and effort of the workers can be saved. The workers in the warehouse are exposed to different conditions that may be hazardous for health. So the fitness band on the wrist automatically informs the manager when the health condition of the worker is reaching a threshold and they require a break. It leads to controlling the environmental conditions and reduce downtime due to worker’s health issues.
Take the game to a new level
The video games are always interesting due to cinematic effects, but VR technology has added special effects to the game with more immersive life-like control systems. Wearable technology is all set to take this fun up a notch with its excellent capacity of recording accurate data. In the VR and biometric gaming market, there is a dire need for devices equipped with sensors that can track user’s movement precisely, and interact with VR interfaces.
Ubisoft, the French gaming company has released O.zen- a wearable heart rate monitor that can be plugged to iPhone or iPad for measuring the heart rate, which controls the gameplay of other mini-games available on the associated app.
There are games where gamer’s heart rate accuracy plays a crucial role in VR shooting games, that’s where earbuds and smartwatches help a ton. It seems the wearable would have a direct impact on VR gameplay in the future.
Adding a new frontier to education space
The big-budget wearable games may have hit the headlines, but the use cases of wearable applications development for the education industry cannot be underrated. Increasingly, the academic institutions are banking on the wearable to modernize the classrooms and enhance learning in distinct ways.
The students can be informed about teaching schedule, assignment submission timelines, and exam schedules that ward off the miscommunication instances right on the smart glasses. It has also made distance learning possible with practical illustrations wherein the students can jot down the notes without missing any important subject matter due to hands-free convenience. The possibilities of on-the-go learning sessions allow the teachers to conduct the class in real-time without needing to assemble all the students under one roof.
The wearable packed with AI capabilities can end up the language barriers that many students face while studying abroad. With AI translations, the students can listen to the lecture in their native languages irrespective of the language in which the lecture is given.
The student’s security and safety is another plus point of the technology. In the chemistry labs, the students are exposed to various types of chemicals where if the chemical experiment goes wrong, the student’s health is subjected to risk. When using a wearable suit and AR device, the students can see the chemical experiments right in the class in the real-time that are carried out in the lab in both visual and tactile way. It reduces the risk to zero alongside providing great exposure.
The wearable has also made communication easy with messages right on the students and teachers wrist. The students can send any type of query to the teachers that can be answered remotely. The reminders can be fed that remind the students for various things.
Wearable technology is spreading its wings across every industry vertical to simplify, add comfort, and make the lives of people convenient. The enormous use cases of the wearable app development technology are creating waves in the sphere of every industry, be it education, logistics, retail, banking, healthcare, or real estate. It has a lot to offer and more we can expect in the years to come as the technology gets matured. Let’s wait and watch how businesses step in with wearable technology trends to yield better customer experience, create a distinctive niche, and ensure the growth against various types of outcomes.
With in-depth knowledge in International Business Management and Information Technology, he can effectively craft business enhancement strategies and can skillfully untangle technical complexities. Writing about the new age technology and sharing his thoughts on the continuously evolving business trends keep him content.