Voice/AI/Voice Assistants

It's 2021 and baby boomers turn 75. It took the combination of 71 million boomers, a pandemic emergency, and the sheer size of the aging population to transform a 2009 market niche into this 2021 market category worthy of investment-- less about products specifically designed for older adults as it is about the marketing of many existing offerings as useful to them.  But this is January, 2021, in the time of Covid-19 and the time of the all digital Consumer Electronics Show -- this time with at least 70,000 online attendees from around the world and the tech industry -- and so new companies are surfacing with technologies that will generate interest and even excitement during 2021. The entrants that can help older adults fit into categories like:

Looking ahead to 2021 -- pre-CES, what trends will persist?  So that's just about enough of 2020 -- a year worth putting behind us, if ever there was one. Much creativity and stopgap solutions were the signs of the Covid-19 times.  There was an awakening about older adults as targets of ageism and victims of social isolation, true. But there was also an awakening to the significance of aging in place, the investment category of older adults, the market power of older adults, including the 65+ population of 54 million. And who knew that the fastest growing subsegment was those aged 80+?  Innovators in 2020 helped mitigate social isolation, enable in-home strength training for seniors, provided the tech mechanics (regardless of infrastructure) to connect older adults to families? All that and more make up the new entrants in the 2021 Market Overview of Technology for Aging.

Once upon a time, a new technology user interface was just annoying.   It’s almost quaint to look back at what we complained about – though some of the famous user interface disasters are well-described in a Scientific American article – Windows 8, BMW iDrive, TV remotes.  At some point, the user gets mad. The BMW iDrive example prompted some drivers to turn around and bring the car back to the showroom.  Consider the whining from this site in 2012 about smartphones and again in 2013. But a poor UI doesn’t always guarantee poor sales. It’s quaint to read the complaint about the Apple Watch interface, which is quite annoying and 100% dependent on a smartphone app. But it may turn out to be Apple’s most popular product (30 million sold in 2019) and enjoys great popularity in 2020.  Furthermore, its fall detection validated the market transition of caregiving smart watches replacing PERS pendants.

A year that saw little travel but it was a good time to write.   Most would agree that this year was not what we expected.  Instead of continuing with business and event travel into March, HIMSS was canceled at the last minute and converted to a virtual event.  And so it went, for Argentum events and many other summits. And so it remains a virtual world.  So 2020 was a year that produced 5 white papers and three long research reports emerge – normally not feasible with so much here-and-there travel. By comparison, in 2019 one report, the 2019 Market Overview, was published, along with 2 long and 4 short white papers, listed under Research.  Here are the reports – looking forward to 2021!