Have you seen examples of wearable technology intended for personal safety or emergencies?
A while back, there was an incident where a bicyclist was in an accident and their Apple watch recognized that they’d suddenly fallen. The watch dialed 911 or an emergency contact number, which led emergency services to the person’s rescue. So there may be other gadgets, tools or apps that have these capabilities.
Data security and privacy issues are a factor in Canada for sure. We have a digital charter, so our rules and regulations are a little bit stiffer than they are in the US. But there are issues on both sides of that fence.
Exponential technologies can impact us positively, but they can also be detrimental to us. Unless you can wrap your head around the fact that you have AI, blockchain and 5G all coming together to rapidly accelerate our capabilities, you might miss a loophole here and there that would lead to something beneficial for a lot of other people.
It's a hard trade off for people to make, because they have a certain idea of what giving up their privacy means. And some people are giving it away and they don't even realize it.
Although these wearables currently can't prevent attacks from occurring, it appears that they can do a good job at alerting family and friends about compromising situations.
I currently wear an Oura ring (which monitors activity, heart rate, sleep, etc.) and, while it’s not designed to send out emergency alerts, it is linked to my mobile phone, and you could imagine a similar device sending alerts based on health conditions.
Last year a friend had a slight stroke and he told me the doctor put a small device on his chest to monitor his vital signs real time. There are a lot of research being done on this technology.
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11-25%53%
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51-75%2%
76%+0%
We're not planning to spend money on digital transformation in 2022.0%
Organizational silos21%
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There should be something in my coat that I can touch to let people know I need emergency assistance. That is the kind of technology for good that we should be looking towards. We should be trying to find ways to bring that out into the market that will not scare people. With emergent and exponential technologies in particular — AI coming together with blockchain, wearables and other kinds of technology like 5G capability and even 6G — what direction will those things take? If you were using all of this emerging or exponential technology, how would you throw that into a startup in some way that created value based on a bad situation?