Wearable Technology people want wearable technology and it shows in sales: Credit Suisse, a Swiss Financial Services provider predicted a growth in annual sales to $50bn in the wearable tech industry by 2018.
Wearable techs has many capabilities will allow constant real-time cloud connectivity... but, there is a hidden risk; data security. Sensors in wearable technology can monitor and intake personal information about the user. Information, such as fitness info, personal conversations and diet can be at risk.
While there is an issue with privacy, health-care and insurance firms would likely pay for information about your health status and regular exercise. Firms will be able to use the information collected by wearables for profit. As stated, "You will have no secrets."
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