Wearables - Hype or Hope? A Look at the Past, Present and Future of Wearable Technology
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Tracking how wearable technology has evolved in the past to the present, and predicting the future based on trends and growth factors.
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Wearables - Hype or Hope? A Look at the Past, Present and Future of Wearable Technology
- 1. 1 Innovation in Wearables? Past, Present & Future @qs_dublin http://reeinvent.me/
- 2. 2 W e a r a b l e s H y p e o r H o p e ?
- 3. 3 Study hints wearable fitness trackers do more harm than good r e a d w r i t e . c o m Activity Trackers Fail -- But That's Not What’s Most Surprising About New Research Paper F o r b e s Don't believe the hype: Wearable tech is little more than a novelty so far T h e Te l e g r a p h Wearables – Hype or Hope? Wearables have a dirty little secret : 50% of users lose interest Te c h R e p u b l i c . c o m Jawbone may be getting out of the wearables business t e c h s i t e . i o
- 4. 4 Wearables – Hype or Hope?
- 5. 5 Wearables – Hype or Hope? Gartner Hype Curve
- 7. 7 What are Wearables? Fitness Trackers
- 8. 8 What are Wearables? Fitness Trackers Sleep Trackers?
- 9. 9 What are Wearables? Fitness Trackers Sleep Trackers? Pacemakers?
- 10. 10 What are Wearables? Fitness Trackers Sleep Trackers? Pacemakers? Mobile Phones?
- 11. 11 What are Wearables? What Problem do they Solve?
- 14. 14 Innovation in Wearables • Product History • Where New Product Ideas Come From • Innovation Paths in Other Fields • Consumer Take Up • Future Growth
- 15. 15 H i s t o r y o f W e a r a b l e s
- 16. 16 1600’s Hearing Aid History of Wearables 1200’s Eye Glass 1907 Pigeon Camera 1762 Pocket Watch 1910 Wrist Watch1590 Pedometer
- 17. 17 1958 Pace Maker History of Wearables (Continued) 1921 Hearing Aid 1961 Gambling Shoe 1965 Pedometer 1972 Digital Watch 1953 Digital Hearing Aid
- 18. 18 1975 Pulsar Calculator Watch 1989 Reflection Technology's Private Eye 1989 Nintendo Power Glove 2004 Microsoft MSN Direct Smartwatch 1979 Sony Walkman 1982 Polar PE2000 HR Monitor History of Wearables (Continued)
- 19. 19 2008 Fitbit Ultra 2013 Pebble Watch 2002 Bluetooth Headset 2015 iWatch 2014 Google Glass 2004 GoPro History of Wearables (Continued)
- 20. 20 W h e r e d o P r o d u c t I d e a s C o m e F r o m ?
- 21. 21 • Extreme Performers • Military • Astronauts • Extreme Sports & Professional Athletics Origin of Innovative Products
- 22. 22 Augmented Reality Headsets Most Quantified Humans Skydiving Helmet Camera Monitoring Athletes Origin of Innovative Products
- 23. 23 • Extreme Performers • Military • Astronauts • Extreme Sports & Professional Athletics • The Hackers Origin of Innovative Products
- 24. 24 Origin of Innovative Products Hacking Open Source Components Hacking First Personal Computer Hacking Virtual Reality Hacking Flight
- 25. 25 • Extreme Performers • Military • Astronauts • Extreme Sports & Professional Athletics • The Hackers • Science Fiction Origin of Innovative Products
- 26. 26 Origin of Innovative Products TriCorder – Star Trek BabelFish – Hitchhikers Guide to Galaxy Automatic Shoe Lacing Back to the Future Total Recal
- 27. 27 • Extreme Performers • Military • Astronauts • Extreme Sports & Professional Athletics • The Hackers • Science Fiction • Massive Pain Points Origin of Innovative Products
- 28. 28 Origin of Innovative Products
- 29. 29 • Extreme Performers • Military • Astronauts • Extreme Sports & Professional Athletics • The Hackers • Science Fiction • Massive Pain Points • Putting all Together Origin of Innovative Products
- 30. 30 Origin of Innovative Products Sci-Fi – Aliens US Army Mainstream?? Solving Massive Pain Point - Paralyses
- 31. 31 R e q u i r e m e n t s f o r I n n o v a t i o n A d o p t i o n
- 32. 32 • Technology Requirements for Innovation Adoption
- 33. 33 • Technology • Power • Connectivity • Standardised Components • 3D Printing Requirements for Innovation Adoption
- 34. 34 iWatch – 18 Hours ‘Normal’ Use? Requirements for Innovation Adoption
- 35. 35 Requirements for Innovation Adoption • Technology? • Power • Connectivity • Standardised Chipsets • 3D Printing • Fulfills Consumer Need?
- 36. 36 Requirements for Innovation Adoption
- 37. 37 Requirements for Innovation Adoption • Technology? • Power • Connectivity • Standardised Chipsets • 3D Printing • Fulfills Consumer Need? • Usable • Fashion • Fits in with Lifestyle
- 38. 38 Requirements for Innovation Adoption Google Glass Wearable DVD Player Nike FuelBand Jawbone Up Charger
- 39. 39 Requirements for Innovation Adoption • Technology • Power • Connectivity • Standardised Chipsets • 3D Printing • Fulfills Consumer Need? • Usable • Fashion • Fits in with Lifestyle • Marketability
- 40. 40 Requirements for Innovation Adoption
- 41. 41 Requirements for Innovation Adoption • Technology • Power • Connectivity • Standardised Chipsets • 3D Printing • Fulfills Consumer Need? • Usable • Fashion • Fits in with Lifestyle • Marketability • Monetizable over Long Term • Subscription Models • Upgrade Cycles
- 42. 42 Requirements for Innovation Adoption Basis Band – Peak Failed Monetizable Model?
- 43. 43 Requirements for Innovation Adoption • Technology • Power • Connectivity • Standardised Chipsets • 3D Printing • Fulfills Consumer Need? • Usable • Fashion • Fits in with Lifestyle • Marketability • Monetizable over Long Term • Subscription Models • Upgrade Cycles • Regulation
- 44. 44 Requirements for Innovation Adoption E-Health E-Waste Regulation
- 45. 45 Requirements for Innovation Adoption • Technology • Power • Connectivity • Standardised Chipsets • 3D Printing • Fulfills Consumer Need? • Usable • Fashion • Fits in with Lifestyle • Marketability • Monetizable over Long Term • Subscription Models? • Regulation • Solves Massive Pain Point
- 46. 46 Requirements for Innovation Adoption Evolution in Ecosystem
- 47. 47 Requirements for Innovation Adoption • Technology • Power • Connectivity • Standardised Chipsets • 3D Printing • Fulfills Consumer Need? • Usable • Fashion • Fits in with Lifestyle • Marketability • Monetizable over Long Term • Subscription Models? • Regulation • Solves Massive Pain Point
- 48. 48 I n c i t i n g I n c i d e n t
- 49. 49 Inciting Incident • Financial Crash • Hurricane Sandy • Rolling out through Operators • The Apple Brand
- 50. 50 Inciting Incident • New Technology • Solving Power Problems • Size • Becomes Fashionable • Wearable Security FOB • Massive Security Breach? • Wearable Health • Huge Number of Lives Saved? Inciting Incident in Wearables?
- 51. 51 H o w P r o d u c t I n n o v a t i o n H a p p e n s
- 52. 52 How Product Innovation Happens • Technology • Power • Connectivity • Size • Bigger • Smaller • Cost • Cheaper • More Expensive • Diversity of Products • Chinese Fab Centers • 3D Printing • Functionality • More • Less
- 53. 53 Open Hardware Platforms?? How Product Innovation Happens
- 54. 54 Open Hardware Platforms Heart Rate - xBox Kinect Tracking Augmented Reality - iPhone How Product Innovation Happens
- 55. 55 Boomerang Ortho • Dublin Based Startup – from DCU • Home Based Virtual Coach • Rehab after Orthopedic Surgery • Using Phone’s Accelerometers • Straps onto Leg • Communicates with Online Physiotherapist Open Hardware Platforms How Product Innovation Happens
- 56. 56 Open Hardware Platforms Quallcomm Tricorder X Prize How Product Innovation Happens
- 57. 57 C o n n e c t e d W e a r a b l e s
- 58. 58 Connected Wearables • Connected Services • Health & Fitness Coaching
- 59. 59 Connected Wearables Connected Subscription Services
- 60. 60 Connected Wearables • Connected Services • Health & Fitness Coaching • Big Data Analytics • IBM Watson • Crowd Sourcing Health • Jawbone Analyzing Sleep Data
- 61. 61 Connected Wearables Big Data Analytics – Jawbone Sleep Data During Earthquake
- 62. 62 Connected Wearables “Right now we don’t data-mine healthcare data. If we did we’d probably save 100,000 lives next year.” Larry Page – Google CEO
- 63. 63 Connected Wearables • Connected Services • Health & Fitness Coaching • Big Data Analytics • IBM Watson • Crowd Sourcing Health • Jawbone Analyzing Sleep Data • Current Problems • Data Privacy • Security • Data Standardization • Regulation
- 64. 64 I n n o v a t i o n I n W e a r a b l e s U s e C a s e s
- 65. 65 • Behavior Change Innovation in Wearable Use Cases
- 66. 66 Innovation in Wearable Use Cases Behavior Change • Integrates with • Wearbles • Facebook • Foresquare • Apple Health • Provides • Insights • Relevant & Timely Tips
- 67. 67 • Behavior Change • Coaching Innovation in Wearable Use Cases
- 68. 68 Innovation in Wearable Use Cases Moov – Fitness Coaching Zepp - Golf Coaching Coaching
- 69. 69 • Behavior Change • Coaching • Monitoring • Children • Elderly • Epilepsy Innovation in Wearable Use Cases
- 70. 70 Innovation in Wearable Use Cases Elderly Epilepsy Monitoring in Healthcare
- 71. 71 • Behavior Change • Coaching • Monitoring • Children • Elderly • Epilepsy • Productivity Innovation in Wearable Use Cases
- 72. 72 Innovation in Wearable Use Cases Emotiv - Distraction Tracking Spire – Stress Tracking Productivity
- 73. 73 • Behavior Change • Coaching • Monitoring • Children • Elderly • Epilepsy • Improving Productivity • Wearables for Animals Innovation in Wearable Use Cases
- 74. 74 Innovation in Wearable Use Cases Link AKC – Smart Dog Collar Moocall – Calving Monitor Wearables for Animals
- 75. 75 • Behavior Change • Coaching • Monitoring • Children • Elderly • Epilepsy • Improving Productivity • Wearables for Animals • Augmented Reality Innovation in Wearable Use Cases
- 76. 76 Innovation in Wearable Use Cases Surgery Augment – Interior Design Augmented Reality
- 77. 77 C o n c l u s i o n s
- 79. 79 Long Tail in Wearables
- 80. 80 Room for New Innovation? • Keep Within Limitations for New Innovation • Technology • Fulfills Consumer Need • Usable • Long Term Monetization Model • Marketability • Regulatory • Solves Massive Pain
- 81. 81 GET IN TOUCH Manoj Chawla CoFounder, Consultant, Coach, Mentor, Virtual CEO, Full Stack Entrepreneur reeinvent.me Justin Lawler Developer. Scrum Master. Blogger. Quantified Self Meetup Organiser justinlawler.net