DENVER, July 17, 2024 – LifeLoop, the leading resident and staff experience solution for senior living, today announced its acquisition of Linked Senior, an e
The population is aging – and still, the tech solution market is immature. Investors of all types demonstrate interest in a product here and an offering there. Competitions highlight product winners; money is raised for one product at a time. One reason for the immaturity of the market is the behavior of buyers. Senior living companies buy a product for this and an offering for that. The future is predicted to incorporate new technology like AI – but that is always ‘in the future.’ Everyone agrees that AI could enhance retirement living and healthcare, but deployment of new offerings is always described as in the future. No other software categories in tech history – consider office, finance, supply chain – remain a laundry list of point products when markets expect suites.
AI has innovative solutions that enhance health management, safety, social engagement, cognitive support, and personalized care for seniors in retirement.
As the pace of inevitable tech change collides with an aging demographic, companies will again seek user input as to what works, what is too much, and how best to utilize tech that can help older adults obtain what they need. This will be particularly required in healthcare, with an aging population consuming more time and needing more care. Accessibility features will simply become technology features, ending the distinction in time for this population to use tech that is optimized for them.
Aging in place -- sounds good, but for many, it won't work. The optimistic older adulta like their home -- and they tell survey firms that they're going to stay. We've heard this before. Ironically, in those days, it may have been a practical idea -- but as older adults age into the years in which they need care, the rising cost of the care they need may outpace their ability to pay, so what then? Family members help out if there are any, if they can, if they're nearby, and if they are willing. A lot of ifs. For the rest, we are entering a period in which more creative options will be needed and some old words, like 'roommates' and 'co-housing' will resurface.
The population is aging – and still, the tech solution market is immature. Investors of all types demonstrate interest in a product here and an offering there. Competitions highlight product winners; money is raised for one product at a time. One reason for the immaturity of the market is the behavior of buyers. Senior living companies buy a product for this and 
You can read about AI -- it's discussed everywhere. Searches reveal the many 
Aging in place -- sounds good, but for many, it won't work. The optimistic older adulta like their home -- and they tell survey firms that they're going to stay. We've heard this before. Ironically, in those days, it may have been a practical idea -- but as older adults age into the years in which they need care, the rising cost of the care they need may outpace their ability to pay, so what then? Family members help out if there are any, if they can, if they're nearby, and if they are willing. A lot of ifs. For the rest, we are entering a period in which more creative options will be needed and some old words, like 'roommates' and 'co-housing' will resurface.