AgeTech is a niche market no more. As we approach 2024 and the plethora of tech introductions from CES 2024, let's reflect. This past year underscored the demographic changes that have brought an aging population -- turning 65 at a rate of 10,000 per day -- into the sight lines of investors, startups and health providers. The very recent monumental investment that swept AI and media visibility underscored how AI could help older adults. And the shortage of labor in the care industries put a spotlight on the gaps in care that AI tech can help close. No doubt 2024 will reveal more investment and innovation in tech for older adults. All material is drawn from the websites of the companies.
The report is published, the feedback positive, observations strike a chord. Necessity will drive AI usage in care work across all five care types (healthcare, home health care, home care, senior living, and Skilled Nursing Facilities). Issues of worker shortage, staff burnout, or migration of care work into the home will result in broader deployment of AI technology (whether explicitly or inside other software tools). And regulatory initiatives will help overcome trust issues for consumers. Over the next few years, care organizations will make more disciplined use of their own data that an AI technology such as a chatbot can access or present to a caregiver. The changes that are most likely within the next five years? See today-future comparison chart below and check out the report here.
MESA, Ariz., Nov 14, 2023 –Iveda® (NASDAQ:IVDA), the global solution for cloud-based AI, announced today that Movement Interactive, powered by Iveda, has delivered on a $200,000 contract with
Why AI will be an enabler for care work. Healthcare delivery is migrating away from the hospital.As care delivery and consumer expectations change, the traditional fee-for-service model has already morphed into the new era of health-care consumerism – a patient-organized mix of self-care, urgent care, and in-home care, avoiding emergency rooms or long wait for a doctor visit. More seniors used telehealth at home during the pandemic – and today the landscape is set for growth in the use of AI in care delivery to augment, assist, and in some cases provide care:
The report is a comprehensive analysis of the aging population trends and crisis in care work today. It examines the increasingly significant role that artificial intelligence and machine learning can play to address today's workforce challenges posed by an aging population. The report predicts the rise of the AI Caregiver, explaining how AI technology over time will help deliver a data-driven care continuum across organizations, mitigate workforce shortages and improve care delivery for the consumer, a population of one.
WAYNE, Pa., October 25, 2023/Press Release/ ‐‐ HandsFree Health™, provider of WellBe® – a secure, HIPAA-compliant, voice-enabled virtual assistant platform announced today a series of significant AI wellness capabilities – sentiment analysis, behavioral pattern assessment and predictive decision support. These AI features are designed to monitor an individual’s emotional and physical health and well-being without human input. Sentiment analysis in conjunction with behavioral pattern
The pace of innovation in tech for older adults accelerated in 2023. New product announcements, 
Why AI will be an enabler for care work. Healthcare delivery is migrating away from the hospital. As care delivery and consumer expectations change, the traditional fee-for-service model has already morphed into the new era of 