With the advent of Fitbits and smartwatches, wearable technology has smoothly shifted from fiction novels into the real world. This versatile technology is a part of the IoT and can be used in multiple ways by enterprises.
So, whether it’s boosting employee productivity, monitoring employee safety, or encouraging healthier lifestyles, wearables can offer many benefits to businesses. Keep reading as we outline how wearable technology is driving innovation in companies.
How is Wearable Technology Boosting Enterprises
Here are all the ways:
Boosts Employee Productivity
Wearables do a great job of cutting down non-value activities. It helps employees completely focus on the professional roles they are qualified for. The data collected by the wearables are compared against the metrics, targets, and organizational goals.
Any deviation in the results can be immediately looked upon and corrected. This process is also crucial for good time management for every organization.
Wearables like smartwatches offer push notifications and other options to inform about the latest updates. Moreover, you can also respond to these notifications instantly. Such responsiveness strengthens the communication system of the organization.
Management can use this technology to inform the departments about recent policies and other changes. It also helps in enhancing job satisfaction among employees.
Wearables play a vital role in safeguarding a company’s confidential data. Employees with access to this sensitive database can activate login alerts in their wearables. Any unauthorized access will be immediately notified to the employees.
Apart from this, these wearables can also help notify any third-party logins. Here are the top 5 cybersecurity trends to look out for in 2023. It will help companies stay abreast with the latest developments in cybersecurity trends.
Improved Customer Services
You would be surprised to know that wearables can help significantly in improving customer services and buying experiences. It is why 79% of companies have already adopted this technology.
Companies can use this technology to record biometric data, spending information, preferences, and consumers’ location. Moreover, applied observability is the new enterprise IT monitoring trend. Companies can use it to churn the best out of their data.
Better Quality of Products
Companies can leverage the power of wearable technology to remove bottlenecks in their production processes. Departments can be asked to post their manufacturing updates regularly. It will help the management to keep a tap on the progress and speed of the production process.
Apart from this, any glitches in the quality of the products can also be immediately informed to and addressed by the concerned department. Employees need not check their smartphones or systems to check the progress of the production system.
The wearable technology market is expected to grow at an annual rate of 13.89% by 2030. This technology is a boon for modern enterprises that aim to make it big in the coming times. They can drastically transform their online and offline market presence if used optimally. It is a new technology and is expected to stay longer. So, it is high time enterprises consider investing in this technology and making the most of it.