WEARABLE TECHNOLOGY BUS 237 – GROUP ONE

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Presentation transcript:

WEARABLE TECHNOLOGY BUS 237 – GROUP ONE ASHLEY CHAN, DERRICK CHUI, SCOTT QUON & RACHEL ZHANG

WHAT ARE WEARABLES? WHERE DO WE GO FROM HERE? ELECTRONIC TECHNOLOGY THAT HAS BEEN INCORPORATED INTO CLOTHING & ACCESSORIES WHERE DO WE GO FROM HERE? BUS 237 - GROUP ONE : WEARABLE TECHNOLOGY

BACKGROUND 266+ WEARABLES ON THE MARKET TO DATE RANGE OF PRODUCTS SMART WATCHES ACTIVITY TRACKERS APPAREL AND MORE…. 2014 – “THE YEAR” BUS 237 - GROUP ONE : WEARABLE TECHNOLOGY

THE WALL STREET JOURNAL IN THE NEWS “WEARABLES ARE LEADING A REVOLUTION TO COMBINE DESIGN WITH INGENUITY TO MAKE NEW PRODUCTS” THE NEW YORK TIMES (MARCH 18, 2015) “THE WEARABLE TECH CONVERSATION WILL QUICKLY SHIFT FROM DISCUSSION OF YOUR WEARABLE (SINGULAR) TO THE SYSTEM OF SENSORS ON YOUR BODY AT ANY POINT IN TIME.” WIRED “THE INDUSTRY IS REACHING OUT FOR THE DESIGN SAVVY THAT WILL HELP MOVE THE NEW DEVICES BEYOND EARLY ADOPTERS AND FITNESS FANATICS TO MASS APPEAL.” THE WALL STREET JOURNAL (SEPTEMBER 11, 2014) “THE BIGGEST CHALLENGE FACING WEARABLES IS THE ABSENCE TO DATE OF A “KILLER APP”” THE ECONOMIST (MARCH 14, 2015) BUS 237 - GROUP ONE : WEARABLE TECHNOLOGY

BUS 237 - GROUP ONE : WEARABLE TECHNOLOGY

ANALYSIS OF ADVANTAGES PORTABILITY ACCESSIBILITY INCREASED DATA COLLECTION INCREASED PRODUCTIVITY INCREASED EFFICIENCY FASHIONABLE FACTOR HEALTHCARE OPPORTUNITIES BUS 237 - GROUP ONE : WEARABLE TECHNOLOGY

ANALYSIS OF DISADVANTAGES UNKNOWN HEALTH RISKS PRIVACY CONCERNS DESIGN ISSUES “BULK” FUNCTIONALITY HACKING BUS 237 - GROUP ONE : WEARABLE TECHNOLOGY

SMART WATCHES BRAND MODELS PRICE APPLE WATCH SPORT WATCH WATCH EDITION $349+ $399+ $10 000+ PEBBLE PEBBLE STEEL $99 $199 LG G WATCH URBANE $230 TBA SAMSUNG GEAR LINE $200 MOTO 360 $246 BUS 237 - GROUP ONE : WEARABLE TECHNOLOGY

ACTIVITY TRACKERS BRAND MODELS PRICE FITBIT ZIP ONE FLEX CHARGE CHARGE HR SURGE $69.95 $119.95 $149.99 $179.95 $299.99 JAWBONE UP UPMOVE UP24 UP3 $49.95 $59.99 $139.99 $179.99 NIKE (made by Tom Tom) FUELBAND SE SPORT WATCH GPS $99.99 $199 BUS 237 - GROUP ONE : WEARABLE TECHNOLOGY

OTHER USES APPAREL GAMING HEALTH RELATED SMART WATCHES GOOGLE GLASS NIKE+ BLUETOOTH HEADSETS OCULUS RIFT CASTAR VUZIX 1200DX-AR 1200DX-VR 1200 DX ACTIVITY TRACKERS PACEMAKERS HEARING AIDS INSULIN PUMPS BUS 237 - GROUP ONE : WEARABLE TECHNOLOGY

BARRIERS TO ADOPTION PRIVACY CONCERNS UNKNOWN HEALTH RISKS UNABLE TO DIFFERENTIATE BETWEEN USERS SECURITY BREACHES INCREASED CONCERN FROM PUBLIC UNKNOWN HEALTH RISKS USE OF WIRELESS TECHNOLOGIES PROXIMITY TO BODY HIGH INITIAL COST RELIES ON EARLY ADOPTERS BUS 237 - GROUP ONE : WEARABLE TECHNOLOGY

FUTURE APPLICATIONS SERVICES SALES HEALTHCARE AND MEDICAL USES INSURANCE PURPOSES CHECK IN PROCESSES HOTELS FLIGHTS SALES FPOS HEALTHCARE AND MEDICAL USES $2.8 BILLION SPENT ON MEDICAL WEARBLES 5 YEAR PREDICTION - $8.3 BILLION MARKET ENTERTAINMENT GAMING BUS 237 - GROUP ONE : WEARABLE TECHNOLOGY

HEALTHCARE APPLICATIONS HEALTH MONITORING HEART-RATE MONITORS DELIVERY DEVICES INSULIN PUMPS FUTURE USES INGESTIBLE TECHNOLOGY IMPLATABLE TECHNOLOGY BUS 237 - GROUP ONE : WEARABLE TECHNOLOGY

THE FUTURE OF WEARABLES WHERE DO WE GO FROM HERE? THE FUTURE OF WEARABLES

THANK YOU FOR LISTENING