AgeTech

Some consultants and investors make me grumpy.  In my line of work I speak with junior members of giant consulting firms and newly minted researchers within the back offices of VCs. When I talk to these young folk, I cringe in the face of ignorance about aging, never mind about the markets they are studying. Recently one of these investors opined this gem: "I like to invest in areas where there is demonstrated demand." Let’s mull that over, I thought. But don’t you own a number of technologies that a few years ago had zero customer demand?” Well, yes, that’s true, he admitted and we silently contemplated tablets and smart phones, portable GPS devices, and iPods, where consumers gravitated toward an invention they never knew they needed. Did anyone actually demand telepresence, location-based restaurant meet-ups, Skype video conferences, smart bandages or interactive TV?  For that matter, in the 1980’s did anyone conceive of an assisted living industry, telehealth nurses, or self-checkout in a store?

Who’s WHO and age-friendly communities.  A few years ago, the World Health Organization announced that it was forming a global network of age-friendly cities (see linked checklist of criteria). In the US, those include Portland, Oregon  and New York City and worldwide they include Brussels, Canberra, Geneva, Nice and many others. The list also includes Louth County in Ireland – where I spoke this past week at an event sponsored by CASALA – a partnership that includes the Dundalk Institute of Technology. CASALA, along with the Institute's Netwell Centre and government and health service providers, research and actively promote the use of technologies that can improve the quality of life of older adults in the region.

My neighbor can't hear me.  I live near a 67-year-old man who likes to talk, but has difficulty hearing the response, which usually has to be repeated before he gets it unless he is sitting close and looking you straight in the eye. We've known him for quite a few years and although his hearing seems worse, he doesn't wear a hearing aid. It isn't because of money -- since he still works at a good job, can afford a new car and just bought a boat.

Outliving our vision of ourselves.  Just back from the Philips Active Aging Think Tank meeting – in which we echoed the recent frequent Wall Street Journal topic -- living to 100 and beyond. Most of us see ourselves as living to the age (whatever that was) of our parents and grandparents.  Since life expectancy has inched past age 80 for women (in more affluent regions) that may seem sensible. Though we may not want to exit in the same way with the same illness, disability, or dementia that they had. But rationalizing optimists that we are, most likely we ascribe what they had to some lifestyle or behavior in the way they lived their lives -- we will overcome heredity just like we’ve overcome setbacks in the past. 

What are the basic facts about boomer-senior connectivity?  Pew Research and others have been releasing report after report about technology use, but without a summary sheet, marketers might not be able to see the forest for the trees. So here are the basics from the past year of Pew-published surveys – to my knowledge, the only source for this number of categories that include 50+ age cohorts:

Patience, patience, when it comes to robots and elder care.  When it comes to robots to assist with caregiving and the elderly, we want to believe. It was just 2 years ago that Gecko Systems issued a press release saying that they expected "Medicare/Medicaid Payments to Increase Personal Robot Demand." Makers of the CareBot, the company announced its dealer program in June 2010 -- but it is unclear whether the company has moved into commercial release. It was just 3 years ago that the uBOT-5 (UMass Amherst) was offered up as having the potential to provide elder care for aging baby boomers.