Market Overview for Technology for Aging in Place

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IoT and home monitoring

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IoT and home monitoring

Voice First: what do we really need – a virtual assistant or something more? 

A virtual assistant that can misunderstand you more effectively.  So perhaps you never liked asking Siri questions, partly because the answer was often a website you peer at on a phone.  How dumb is that?  Siri was created a long time ago, but it really got its name when it was introduced into the iPhone in 2011 and dubbed an ‘Intelligent Personal Assistant’. Maybe there is a Siri improvement you wanted that will be available sometime in the fall in iOS 11.  Maybe you want Siri’s English to be in Chinese, French, German, Italian, and Spanish.  Maybe you don’t care because you are too embarrassed to speak to Siri in public settings, like meetings, and prefer the auto-correction of your mediocre typing.  Or maybe you are excited now, because Siri may, just possibly, soon work with other apps. Woohoo! 

Nine Finalists from IAGG 2017 Tech Day Pitch Competition

Technology and Aging – One Full Day Component from IAGG 2017.    The International Association of Gerontology and Geriatrics (IAGG) held its World Congress symposia (73 member organizations from 65 countries) last week in San Francisco, "key opinion leaders in health & social services, housing & income support, research & education, public policy, administration & other areas, disciplines, and professions that impact older people and affect their quality of life." As part of the symposia (billed "as the largest world conference on aging"), July 26 was 'Tech Day' and included a pitch event from the following companies.  The winner of the pitch event was Kinesis Health Technologies, and the 'people’s choice' winner was Life Assist Technologies.  Descriptions are from the companies' websites.

STANLEY Healthcare Partners with LifeAssist to Offer Innovative Solutions for Senior Living Communities

07/25/2017

LifeAssist Technologies Inc. announced today an agreement with STANLEY Healthcare to make its robust care giving solutions available to senior living communities through STANLEY Healthcare.

LifeAssist was selected by STANLEY Healthcare based on its CircuraTM + RosieTM SaaS platform that provides a secure, HIPAA-compliant solution for care coordination, content delivery and collaboration for senior care.

IGUARDFIRE FINDS A UNIQUE WAY TO HELP DETECT IF SOMEONE HAS FALLEN IN THE HOME

07/01/2017

iGuardFire’s new innovative iGuardStove device shuts off unattended cooking using their patented motion sensing technology and now they’ve introduced the Activity Monitor, as an additional value added feature to the iGuardStove

The Activity Monitor can alert you when it doesn’t see any motion in the kitchen for a 3-hour period.  You can choose to receive either an email and/or text alert after that period suggesting you should check in on your loved one. 

Canadian Company Solves Age Old Question - Did I Leave The Stove On?

07/11/2017

iGuardFire has the newest technology that stops fires from happening in the home when cooking is forgotten.

As a smart home safety device, the iGuardStove will automatically shut your stove off if you forget or leave your cooking unattended within a pre-set time period.  Sold throughout North America, the iGuardStove can be installed easily to any electric or gas stove within 20 minutes. The iGuardStove Intelligent model has the option to connect to the internet and provide many other valued home care solutions.

Baby Boomers demand technology and safety for Aging in Place

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Independence Day – How Old Age is a (New) Number

Movin' up – so goes the definition of old age. Maybe this confirms what you have already observed, and the Society of Actuaries (which also uses Social Security Life Tables) has also calculated. According to Stanford economist John Shoven, the definition of "old" is rising, ridiculously compared to the 1920s, but very interesting, nonetheless. Says Shoven: For women, "old" is approximately age 73, with women transitioning out of middle age at 65. For men, he asserts that "old" is around age 70, with transitioning out of middle age at age 60.  The assumption underlying this are based on "risk of dying" within 1, 2 or 4 years. If it is 1% or less, a person is is middle-aged. Good graphic, and no surprise, it's another document in the litany of advice for deferring Social Security payments until late, late, late, despite the actual behavior in which 42% of men and 48% of women are claiming it at age 62.

Six new technologies for health and aging in place -- June 2017

Recent announcements, interesting offerings are worth a look. AARP recently completed the judging process for its Innovation Champion Awards; and upcoming, the Boomer Venture Summit in Berkeley in July, will select business plan startup winners – see last year’s winner.  Here are six technology-enabled offerings (some in market, some in process of getting to market) that can be helpful to older adults and those who care for them and about them (listed in alphabetical order): 

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