This week we’ve seen how artificial intelligence in wearables has taken wearable technology to a new level. From RFID tags to Reality 2.0 our Catalyst platform has tracked the latest developments in the industry.
With Neuralink, Elon Musk’s futuristic supercomputer, and the return of Google Glass, we’ve seen a trend for wearable technology to go beyond the humble wrist watch and innovate within medtech industry, microchips and VR backpacks.
You can track all the latest insights on wearables and artificial intelligence here.
Below are a few stories we’ve tracked via the platform.
Top 10 Wearable Insights powered by Catalyst
Reality 2.0. is the next generation of wearables, with a brain computer interface.
In an effort to compete with Microsoft’s Hololens, Google has announced it will bring back a new version of Glass Enterprise Edition.
(Source: BBC News)
A company based in Wisconsin has given employees the opportunity to wear microchip implants, giving new meaning to the term “wearables”.
(Source: UVA Today)
This week HP launched a VR backpack aimed at business customers, which users can wear a computer on their back to perform mixed reality tasks.
Between the demise of Jawbone and Intel shutting down its R&D project for a wearable watches, the future of wearables depends on the market demand.
Some investors see there are vast opportunities for wearable market, as long as they are seen as ‘must have’ for example with using the technology to reduce health problems such as a wearable quit-smoking patch or patience recovery after surgeries.
Fitbit has announced the release of its first smart watch which will feature GPS, water resistance to a depth of 50 meters, health and fitness tracking capabilities plus a longer battery life, just in time for Christmas.
The next generation of the HoloLens 2, will feature a new artificial intelligence chip, which will be capable of analyzing speech and visual data directly without having to send the information to the cloud first, speeding up processing performance.
Wearables technology has branched out from just the smart watch, and innovated in areas such as health and fitness with smart headphones, connected footwear, heart rate chest straps, jewellery and fashion.
(Source: Gadgets and Wearables)
The payments and FinTech sector can take advantage of wearable technology, such as offering services via connected devices and smart watches, to tap into both a consumer and business market.
VC Deals in Wearables Takes A Nosedive
The chart below shows how VC investments in wearable technology have abruptly declined since last year, signalling that the consumer demand for wearables is starting to slow down.
A report by eMarketer this year predicted by 2020, only around on in five US adults—54.9 million—will use a wearable device on a monthly basis. However, with advancements in artificial technology and machine learning blended with wearable devices, there is an opportunity to take wearables to the next level.
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