Aging in Place Tech business potential
Possible business investment area for boomer and aging technology product and service vendors
Submitted by Laurie Orlov on Thu, 10/20/2011 - 08:16
A profile about Ken Dychtwald and the opportunity he sees in the coming age wave.
Submitted by Laurie Orlov on Tue, 10/18/2011 - 10:52
Not the first and, sigh, not the last in the annals of research projects.
Submitted by Laurie Orlov on Tue, 10/18/2011 - 10:23
AAHSA/Leading Age -- change is incremental. As it turns out, not a big deal, skipping a year of conferences in my quest to find innovation in the use of technology for the benefit of residents among the senior housing sector. I didn’t see too much new (exceptions below). The former American Association of Homes and Services for the Aging (AAHSA, now optimistically renamed Leading Age), is a 5400-member organization of senior executives from the faith-based and non-profit senior housing sector, spanning most of the nursing home/rehabilitation facilities in the US – typically campus-based CCRCs. This year is the 50th anniversary of AAHSA/Leading Age, and they celebrated by including international organizations from as far away as Australia. >>> Read more . . .
Submitted by Laurie Orlov on Tue, 10/11/2011 - 08:43
As I nearly cut myself this morning trying to pull/persuade/yank the tab from a new carton of half-and-half, I am reminded that we have entered a new era. Product vendors read health, environmental, safety regulations and stats – and they try to ‘help’ us with packaging that protects product quality, makes the car safer, lowers the cost of production, or…is what they think we want, maybe because it is what the innovator wants. But trying to help us is hurting, frustrating, and scaring an older population. Please save us from some of this ‘helpful’ innovation that tells us we are not up to the device, the package or the car like: >>> Read more . . .
Submitted by Susan Estrada on Fri, 09/30/2011 - 21:11
Last Saturday, the AARP national convention featured a session called Great Gadgets. Three speakers were on the panel representing AARP, the Consumer Electronics Association and Annenberg School at USC. Here is a summary of their prognostications and a few of my own: 1) content anywhere/everywhere; 2) few early adopters; 3) tablets are here to stay as the fourth screen; 4) the future is more tech, more places and 5) he who builds the product that needs the least support will win. Read on for the details. >>> Read more . . .
Submitted by Laurie Orlov on Thu, 09/29/2011 - 16:51
The xHealths prefer to ignore the elephant in the room. Every day I am treated to a plethora of updates (remember my 24 LinkedIn Groups) about this conference and that event for Health 451.0, Connected YouKnowWhat, Wireless WhatsUp, and Mobile Name-that-disease. The very word ‘health’ connotes opportunity (avoid 30-day hospital readmissions!), visions of reimbursement, and smiling clinicians on the far side of webcams. After all, shouldn’t the xHealths target employer-funded health insurance programs, monitoring ailments among employees and their kids’ childhood diseases? And doesn’t the ‘m’ in mHealth mean mobile, mean smart phone, always-on, on-the-go and on-the-run? Tweet your stats to your friends and get a friendly e-mail from your doctor’s iPad. >>> Read more . . .
Submitted by Laurie Orlov on Tue, 09/27/2011 - 14:55
Some consultants and investors make me grumpy. In my line of work I speak with junior members of giant consulting firms and newly minted researchers within the back offices of VCs. When I talk to these young folk, I cringe in the face of ignorance about aging, never mind about the markets they are studying. Recently one of these investors opined this gem: "I like to invest in areas where there is demonstrated demand." Let’s mull that over, I thought. But don’t you own a number of technologies that a few years ago had zero customer demand?” Well, yes, that’s true, he admitted and we silently contemplated tablets and smart phones, portable GPS devices, and iPods, where consumers gravitated toward an invention they never knew they needed. Did anyone actually demand telepresence, location-based restaurant meet-ups, Skype video conferences, smart bandages or interactive TV? For that matter, in the 1980’s did anyone conceive of an assisted living industry, telehealth nurses, or self-checkout in a store? >>> Read more . . .
Submitted by Laurie Orlov on Tue, 09/13/2011 - 10:58
My neighbor can't hear me. I live near a 67-year-old man who likes to talk, but has difficulty hearing the response, which usually has to be repeated before he gets it unless he is sitting close and looking you straight in the eye. We've known him for quite a few years and although his hearing seems worse, he doesn't wear a hearing aid. It isn't because of money -- since he still works at a good job, can afford a new car and just bought a boat. >>> Read more . . .
Submitted by Laurie Orlov on Fri, 09/02/2011 - 15:16
Non-Labor day – or is it? We need some new ideas for how to continue to earn money past the age of 50 – the old ways aren’t working. The American economy added a net number of zero jobs in August. That is impressive as a net number, given that home care and home health care are the fastest growing job segments today. Fear about the future is driving folks to continue to work past their ‘expected’ retirement age. And people are living longer – a prospect that certainly makes ‘planning’ for the future a daunting experience in a good economy. People are putting their money under the mattress, that is, if they still have some. Yet every day I get a press release from an entrepreneur, a startup company that wants me to know that they are launching and targeting boomers and seniors. Are these startups in the net number of ‘zero jobs’ in August? Are the traditional ways of counting workers, work, and non-farm payroll reflective of the continued ingenuity and idea creation that seems (from my vantage point) to be pervasive and targeting services and capabilities for older adults? >>> Read more . . .