Risks and Implications of Wearable Tech

Wearable tech is one of the newest technologies in technology and it has already disrupted the business world. Many enterprises are looking to adopt this technology to increase efficiency and improve their workflow. However, this technology comes with a lot of concerns regarding data privacy and security. As a result, it is important to understand the risks and implications of using wearable tech.

Wearables enable new types of biomedical data collection and are widely used in healthcare for a variety of purposes, such as monitoring, screening, detection, and prediction. In the context of digital health, they are considered key tools for advancing towards person-centred medicine and more precise, personalised monitoring, diagnosis, and treatment.

The most common wearable devices are fitness trackers that help you keep a close eye on your physical activity and monitor your heart rate. Smartwatches are also popular and can track a variety of metrics including location, phone calls, and messages. Other wearables are incorporated into clothing, such as tights or shoes, or implanted under the skin (like pacemakers). There are also specialised devices designed for sportspeople, such as head mounted displays that provide virtual information straight to the eyes.

The most important challenge for the wearable industry is to create sustainable customer engagement. A large number of wearables have failed to achieve this, often due to poor quality, pain to sync with smartphones, battery life, discomfort and UX. Additionally, the data collected by wearables is often biased and underrepresentative, focusing on certain social, economic, and age groups more than others. This can lead to false knowledge claims and misguided health policy based on incomplete, inaccurate and outdated data.

How to Succeed in a Digital Transformation Initiative

Digital transformation is more than just upgrading to the latest technology. It’s a business strategy that includes shedding outdated processes and mindsets as well as adopting new technologies to improve productivity, increase customer satisfaction and drive sales.

Companies embark on a digital transformation strategy for several reasons, including the need to streamline production, expand distribution, create better workplaces and deliver an overall enhanced experience to customers. In the COVID-19 pandemic, businesses accelerated their digital transformation efforts because they saw the need to be more responsive to changing market conditions and customer expectations.

Some businesses, such as Patagonia, are using their digital transformation strategies to align with their environmental sustainability goals. The outdoor apparel maker uses AI to analyze marketplace data and customer feedback to speed up decision-making and optimize supply chain efficiencies, while also promoting reuse and recycling via its “Worn Wear” program.

Millennials, the largest generation in the workforce, are proponents of the digital-first mentality. They want to work with the same powerful, easy-to-use tools that they use on their personal devices in the office. And they expect the same from their employers, says Mercer’s Swift. As a result, companies must consider how to incorporate and integrate digital transformation into the employee experience to keep pace with millennial expectations.

The best way to ensure that a digital transformation initiative succeeds is to prepare the workforce for the change ahead. Managers should engage employees in a comprehensive way, with training and workshops to help them understand how to adapt to the new digital world. They should also encourage and support ideation and innovation by establishing an “idea charter” system, where employees can pitch their ideas and help prioritize those that meet company objectives.