Technology and tech-enabled services matter for older adults. The marketplace for technology to assist aging adults in the Longevity Economy is expected to grow to more than $30 billion in the next few years, according to the updated report by Aging in Place Technology Watch, more likely to be based on customization of standard software, using existing platforms than creation of senior-specific products. The report provides predictions about key technology trends for 2018 and beyond. Families, caregivers, and seniors will acquire new tech-enabled services that improve the quality of their lives. The 100-million-strong 50+ market is increasingly aware of technology alternatives -- and providers know it:
What percent of exhibitors at trade shows survive? Rant on. It’s not possible to speculate because it is not tracked. That probably is fine for that gaggle of gadgetry at CES – most acting as trial balloons to test PR-worthiness and buzz. But what about events whose trade shows are of one-off products or services intended to help older adults? Some events will not allow a small-sponsorship company to be on the show floor, literally placing them in a corner. Consider: Company B is a startup, not yet a member of a national association. The founder of Company B, CEO B has been too busy inventing a product to line up complementary offerings that could be sold as a solution to a problem. None of the bigger resellers know anything about Company B yet, so the tiny firm takes the corner booth and hopes that on breaks, walking around the floor will generate a business partner or two -- and with serendipity, enable Company B to be part of the solution ABC.
What makes Voice First special for older adults? This blog has discussed the emergence of Voice First technology -- speech-enabled interactions with technology -- on multiple occasions. But this occasion is different -- it marks the publication of a research effort and resulting report linked here called The Future of Voice First Technology and Older Adults 2018. Today's blog post offers a short excerpt of key differences between Voice First technology and prior tech generations that apply to all users – but are unique for seniors -- future research will continue to explore that uniqueness. So what has inspired multiple organizations, including Benchmark Senior Living and Carlsbad by the Sea, to begin their programs? They see that while Voice First technology is an early market with some (noted) limitations, it also represents, unlike prior technology generations, benefits for users. For users and tech managers, Voice First is:
Social isolation has grown for the older and/or less tech-savvy segments. This has been a result of tech replacements that are more difficult to use, whether it is the cost of Wi-Fi connection, excessive device screen sensitivity, screen size, the continuous need for OS upgrades or software updates, many of them security-related as hacker threats grow. Older adults and those who care about them examine this landscape and wonder what can be done because:
Tech with applicability in the older adult market. The Digital Health event is also covered in detail through MobiliHealth news and more than a few of those announcements, not even counting the plethora of tech that addresses diabetes and brain health, could benefit older adults. And more expert and more detailed (and analytical writing) about new tech at CES reveals a few more offerings that could be useful for older adults if applied to that market. Here are five – more when there’s more:
2017 was an interesting year -- 2018 should overcome a few obstacles. Probably the most significant innovation during 2017 was the growth of the Voice First technology market -- but judging by the aisles of gadgets in places like Best Buy, everything else is changing as well. CES is next week, and with it more speakers, TVs, and gadgetry than is seen in Best Buy or anywhere else during the year. But even as technology leapfrogs and crawls forward, obstacles to broad adoption for older adults remain. Hopefully interest in mitigating social isolation among older adults will lead to the role technology could play. But to make a real difference, here's a look at five areas for improvement in 2018:
It was one of the worst and the best of times for innovation and older adults. It was a year, early on, in which tech-enabled home care appeared to resonate with investors. But traditional home care companies stuck to their knitting, watching the Home Hero shutdown in the midst of an ever-more-startling shortage of prospective workers. It was the oddest of times, with the $80 billion hype of self-driving cars partly focused on the transit needs of older adults. And it was the best of times – as 2017 was the year of Voice First technology lift-off – as Amazon’s Echo forced the hand of Google’s Home. Ultimately seniors will benefit from technology that fits both their interest and needs -- see the Market Overview update from early in the year. Here are the top blog posts from 2017: