APAC CIO Outlook
  • Home
  • CXO Insights
  • CIO Views
  • Vendors
  • News
  • Conferences
  • Whitepapers
  • Newsletter
  • Awards
Apac
  • Agile

    AI Healthcare

    Artificial Intelligence

    Aviation

    Bi and Analytics

    Big Data

    Cloud

    Cyber Security

    Digital Infrastructure

    Digital Marketing

    Digital Transformation

    Digital Twin

    Drone

    Internet of Things

    Low Code No Code

    Networking

    PropTech

    Remote Work

    Singapore Startups

    Smart City

    Startup

    Unified Communication

    Wireless

  • E-Commerce

    Education

    FinTech

    Healthcare

    Manufacturing

    Pharma and Life Science

    Retail

    Travel and Hospitality

  • Dell

    IBM

    Microsoft

    Salesforce

    SAP

  • Cognitive

    Compliance

    Contact Center

    Corporate Finance

    Data Center

    Data Integration

    Digital Asset Management

    Full Stack Development

    HR Technology

    IT Service Management

    Managed Services

    Procurement

    RegTech

    Travel Retail

Menu
    • Sensor Tech
    • SAP
    • Aviation
    • HR Technology
    • Manufacturing
    • Cloud
    • Data Center
    • Education
    • Salesforce
    • Digital Infrastructure
    • Bi and Analytics
    • Unified Communication
    • IBM
    • AI
    • MORE
    #

    Apac CIO Outlook Weekly Brief

    ×

    Be first to read the latest tech news, Industry Leader's Insights, and CIO interviews of medium and large enterprises exclusively from Apac CIO Outlook

    Subscribe

    loading

    THANK YOU FOR SUBSCRIBING

    • Home
    • Sensor Tech
    Editor's Pick (1 - 4 of 8)
    left
    Leveraging Data to Unlock New Business Opportunities

    Carlos Sanchez, CIO, SUEZ Water Technologies & Solutions

    The Industry Demands Quick Upgrade into Cloud

    Andy Nallappan, VP & CIO, Global Information Technology, Avago Technologies

    Multi-IMSI Ecosystem: A Revolution in International Roaming

    Nigam Shah, CIO & SVP - Cloud Services, Roamware

    Disruption in Wearable Medical Device Development

    Ben Donnet, Chief Technology Officer, Neuroworks Labs Pty Ltd

    Flexible Batteries Are Unleashing the Power of Smart Wearables

    David Yeung, Co-Founder & CEO, Lionrock Batteries Limited

    Impact of Cognitive Automation on Employment

    Utpal Chakraborty, Head of Artificial Intelligence, YES BANK LTD., AI Researcher

    You Can't Be Everywhere, Or Can You? Simplified Remote Monitoring

    Thomas Dewar, Executive Director of Information Technology, Lutheran Social Services of New York

    Demystifying Sample Rate In Satellite-Based Athlete Tracking Technologies

    Rod Lindsell, Product Director – Elite Wearables, Catapult

    right

    Collaboration is King for Innovative Wearable Technologies in B2C and B2B Markets

    Peter Düking, Strategic Business Consultant, Wearable Technologies AG

    Tweet
    content-image

    Peter Düking, Strategic Business Consultant, Wearable Technologies AG

    Introduction

    The market for Wearable Technologies is experiencing a consistent growth pattern and there are numerous types of devices with a multitude of applications. Wearables are maturing from products for early-adopters to consumer mass-market products and cannot only be highly beneficial in B2C but also in B2B Markets. Yet, for business development purposes it is critical to identify the right collaboration partners from different industries to build sustainable products. Additionally, to gain competitive advantage, increasing brand awareness is crucial, especially for start-ups working in this highly innovative and competitive market.

    Definition of Wearables and Market Figures

    Wearable Technologies can be defined as connected electronics and technologies which are worn close to, on, or even inside the body. Wearables can have different form-factors ranging from Smartwatches to Smart Garments, head-worn Wearables such as Smart Glasses, Hearables or Helmets, and Smart Patches. We estimate that in 2019 around 550 million Wearables will be sold across all industry sectors with rising numbers in the coming years. We estimate that in the near future Smart Patches will make up to 30 % of the overall wearable market.

    Users First!

    In the past, many products failed because product developments were driven by technological innovations and without having the user and its needs in mind.
    This impaired mass volume production. A clear understanding of your company’s target group, whether that be e.g. athletes, medical doctors or factory workers, is the basis for Wearable Technologies to become mass volume products. Wearables need to be developed with an ‘identity’ in mind which evolves from the needs, habits, preferred activities of users. Of course, Wearable Technologies need to solve an (at least perceived) problem of the user. Developing and applying Wearable Technologies in such a manner will unearth a unique set of unexpected data enriching the customers (and companies) with the information they previously have never had access to which is a fantastic starting point to enhance aspects of peoples life’s as well as for further business development.

    No product development without collaboration.

    Collaboration is a critical element in any product or service development process. Especially for Start Ups it is almost impossible to develop every technological detail of a Wearable on their own, and reliance on, and cooporations with educated consultants, SME and blue-chip corporations in different areas is king. For example, Start-Ups can rely on the expertise of chip manufacturers such as STMicro, or the electronic printing capabilities of VTT, and/or the material innovations developed by DuPont and/or Datwyler Sealing Solutions. All of them have extensive experience in the field of Wearables and enabled many Start-Ups to develop different Wearables already. Cooperating with such companies could also open doors for cross-industrial marketing of products. Often, technological innovations stemming out of the medical market can be positioned in the sports and/or the industrial safety market and vice versa. This creates completely new business channels for companies. However, well-guided strategies are essential not only to find the right collaboration partners which fit to your individual business but also marketing strategies need to be defined in reconciliation with the relevant target group and brand awareness needs to be created.

    How to find the right Collaboration Partner?

    If you want to learn more about the Value Chain of Wearables and who might be your potential collaboration partner, a visit to the conference and trade show series of the WT | Wearable Technologies Group, stopping respectively in Bangkok and Düsseldorf at the Medical Fair Asia and MEDICA, as well as in Munich, Melbourne, Singapore and San Francisco.

    Additionally, the Innovation World Cup ® which is the most established open innovation platform worldwide is a great opportunity for Start-Ups to create brand awareness and to win prices to propel business growth. Participation is free-of-charge. For more information, go to https://www. innovationworldcup.com/

    Weekly Brief

    loading
    Top 10 Sensor Technology Companies - 2019

    Featured Vendors

    ACEINNA

    Dr. Yang Zhao, CEO

    Acare Technology

    Linda Cheng, CEO

    ON THE DECK

    Sensor Tech 2019

    Top Vendors

    I agree We use cookies on this website to enhance your user experience. By clicking any link on this page you are giving your consent for us to set cookies. More info

    Read Also

    The nucleus of customer-driven transformations

    The nucleus of customer-driven transformations

    MazenKassis, Head of Data & Analytics, Foodstuffs North Island
    Smart Urbanism and an All-Digital Economy as Necessity, Not a Futuristic Dream

    Smart Urbanism and an All-Digital Economy as Necessity, Not a Futuristic Dream

    Benson Tam, Founding Partner and Chairman of Venturous Group
    How to Cope with Covid19 Market Meltdown

    How to Cope with Covid19 Market Meltdown

    Patricia Poon, Founder & Managing Partner, Belmond Capital Limited
    How to Successfully Pitch Your Idea to a VC

    How to Successfully Pitch Your Idea to a VC

    Vikas Datt, Managing Director and Partner at CerraCap Ventures
    Fintech, the Omnipresent

    Fintech, the Omnipresent

    Mark Munoz, Co-Founder and Managing Partner, Vectr Fintech.
    The Rise of B2B Fintech in Southeast Asia

    The Rise of B2B Fintech in Southeast Asia

    Ivan Ong, Principal, AFG Partners
    How Technology Fuels The Future Of Work

    How Technology Fuels The Future Of Work

    David Beitel, Chief Technology Officer, Zillow (Zg: Nasdaq)
    Does Your Organization Have The Passion To Thrive?

    Does Your Organization Have The Passion To Thrive?

    Joan Finley, PhD, Director, Communications & Change Management, Gallagher (AJG: NYSE)
    Loading...

    Copyright © 2022 APAC CIOoutlook. All rights reserved. Registration on or use of this site constitutes acceptance of our Terms of Use and Privacy and Anti Spam Policy 

    |  Sitemap |  Subscribe |   About us

    follow on linkedinfollow on twitter follow on rss
    This content is copyright protected

    However, if you would like to share the information in this article, you may use the link below:

    https://sensor-tech.apacciooutlook.com/cxoinsights/collaboration-is-king-for-innovative-wearable-technologies-in-b2c-and-b2b-markets-nwid-6897.html?utm_source=google&utm_campaign=apacciooutlook_topslider