The Year Of The Wearables
2014 was the year we witnessed the evolution of wearables: a technology that will possibly define the next decade. The highly anticipated release of Apple iWatch in spring of 2015 will most likely ignite a feverish acceleration in this emerging technology. Due to its close relationship to Internet of Things, many foresee wearable technology as a phenomenon with a potential to completely change our world.
Wearables refer to electronic devices that can be worn by a consumer as an accessory or as an article of clothing. These devices have some form of communications capability and allow the user access to information in real time. Basically, the purpose of wearable technology is to create constant, convenient, seamless, portable, and mostly hands-free access to electronics and computers. So far the primary uses for wearable devices are tracking fitness goals, health and sensory augmentation, and injury prevention (Source: Wearable Devices).
You May Also Enjoy:
ABI Research, a technology market intelligence company, believes wearable-computing devices will be the norm within five years. In 2015 we can expect to witness this emerging technology in the growth of smart-watches, in clothing, and the acceleration of the use of wearables in business.
In Canada, Thalmic Labs, is working on gesture-based technology that isn’t yet connected to virtual reality, but can be used for controlling computers, mobile devices and drones with a wave.
MasterCard has invested in the Toronto-based company, Bionym and is partnering with Royal Bank in a project involving the Nymi. Shoppers with a Nymi device will be able to pay for purchases with a tap of their wristband. Using your unique cardio rhythm, or ECG pattern, Nymi wristbands are currently used for identity verification.
Wearable technology was initially focused on creating devices that were centered exclusively on consumers. However lately, in order to improve workplace productivity and the general efficiency of a company, the wearable industry is designing products geared more toward businesses. According to a study by Salesforce.com, wearable tech in the workplace can increase productivity by as much as 8.5%, and it increases employee satisfaction by 3.5% as well. This impact will likely continue to grow as more wearable tech pieces are introduced to the market. Soon companies will need to develop strategies to leverage the next wave of new wearable technology for both their employees and customers.
As the potential uses of wearables in various sectors continue to grow, new opportunities in marketing, development, and even entirely new industries will infiltrate the economy. How we personally and professionally use wearables will continue to evolve as we struggle to improve the privacy, security and the reliability of information from the devices. So far, the overwhelming response to wearable technology in enterprise and consumer applications indicates that these types of electronics will play a significant role in our world of emerging technologies.
Intelliwave SiteSense boosts APTIM material tracking
“We’ve been engaged with the APTIM team since early 2019 providing SiteSense, our mobile construction SaaS solution, for their maintenance and construction projects, allowing them to track materials and equipment, and manage inventory.
We have been working with the APTIM team to standardize material tracking processes and procedures, ultimately with the goal of reducing the amount of time spent looking for materials. Industry studies show that better management of materials can lead to a 16% increase in craft labour productivity.
Everyone knows construction is one of the oldest industries but it’s one of the least tech driven comparatively. About 95% of Engineering and Construction data captured goes unused, 13% of working hours are spent looking for data and around 30% of companies have applications that don’t integrate.
With APTIM, we’re looking at early risk detection, through predictive analysis and forecasting of material constraints, integrating with the ecosystem of software platforms and reporting on real-time data with a ‘field-first’ focus – through initiatives like the Digital Foreman. The APTIM team has seen great wins in the field, utilising bar-code technology, to check in thousands of material items quickly compared to manual methods.
There are three key areas when it comes to successful Materials Management in the software sector – culture, technology, and vendor engagement.
Given the state of world affairs, access to data needs to be off site via the cloud to support remote working conditions, providing a ‘single source of truth’ accessed by many parties; the tech sector is always growing, so companies need faster and more reliable access to this cloud data; digital supply chain initiatives engage vendors a lot earlier in the process to drive collaboration and to engage with their clients, which gives more assurance as there is more emphasis on automating data capture.
It’s been a challenging period with the pandemic, particularly for the supply chain. Look what happened in the Suez Canal – things can suddenly impact material costs and availability, and you really have to be more efficient to survive and succeed. Virtual system access can solve some issues and you need to look at data access in a wider net.
Solving problems comes down to better visibility, and proactively solving issues with vendors and enabling construction teams to execute their work. The biggest cause of delays is not being able to provide teams with what they need.
On average 2% of materials are lost or re-ordered, which only factors in the material cost, what is not captured is the duplicated effort of procurement, vendor and shipping costs, all of which have an environmental impact.
As things start to stabilise, APTIM continues to utilize SiteSense to boost efficiencies and solve productivity issues proactively. Integrating with 3D/4D modelling is just the precipice of what we can do. Access to data can help you firm up bids to win work, to make better cost estimates, and AI and ML are the next phase, providing an eco-system of tools.
A key focus for Intelliwave and APTIM is to increase the availability of data, whether it’s creating a data warehouse for visualisations or increasing integrations to provide additional value. We want to move to a more of an enterprise usage phase – up to now it’s been project based – so more people can access data in real time.