LONDON, July 14, 2016 /PRNewswire/ -- Office of the Future–Part 1: Wearables and Augmented Reality : Access to Real-Time Contextual Information through Such Technologies Aids Decision Making and/or Enhances Experience
It is becoming increasingly apparent that the corporate landscape is changing rapidly driven by demands of customers, expectations of workers, and threat from competitors. As a result, work today is fundamentally changing requiring unprecedented levels of productivity. Maximizing contextual awareness creates opportunities to have collaboration drive process and cost efficiencies through better decision-making in enterprises. Wearables and augmented reality are two technologies that look poised to empower the worker of tomorrow to be extraordinarily efficient and productive through contextual computing capabilities. Revolution in the enterprises is likely to depend more on industry specific applications than on hardware.
Wearable Technology and Augmented Reality: Key Takeaways, Global, 2015–2020
1 Contextual computing capabilities, importance in the IoT ecosystem, and ability to empower the wearer with superhuman capabilities are the primary reasons for the strong growth of wearable technology.
2 The key challenges in the adoption of wearable technologies include limited battery lifespan of devices, design and aesthetics of wearables, data privacy and management, and interoperability among solutions and vendors.
3 Wearables have several disruptive attributes which, once challenges are overcome, hold the potential to impact a number of industries, including banking, retail, healthcare, manufacturing, and security.
4 About Million units of enterprise wearables are expected to be sold in 2020. The bulk of these will be for sectors such as manufacturing, aerospace, logistics, and utilities.
5 The augmented reality (AR) market is expected to touch $ Billion by 2020 with North America accounting for the bulk of the revenue.
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