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Preparing Wearables in Financial Services Beyond Current Tech

By |September 9th, 2014|Market Data, Outside Sources*, RESEARCH & DEVELOPMENT, Sample Reports|

Preparing for Wearables in Financial Services Beyond Smartwatches and Google Glass

Preparing for Wearables in Financial Services Beyond Smartwatches and Google Glass

A CUSOM REPORT SAMPLE BY: Javelin Strategy & Research Examines Current Wearables Market and How Financial Institutions are Making Strides

San Francisco, CA, July 31, 2014:  Notable financial institutions (FI), technology vendors, and app developers such as Barclays, U.S. Bank, Wells Fargo, Fiserv, and PayPal are experimenting to demonstrate that wearables such as Google Glass and smartwatches can deliver financial alerts, pay for goods and services, and give consumers greater digital control over their finances. Today, Javelin Strategy & Research released Investing in Wearables for Financial Services – Why Now? report, which examines current wearable experiments such as Google Glass, smartwatches, and fitness bands and how FI investment in wearable technology is likely to evolve.

Wearables present an immediate opportunity for FIs that can embrace inevitable experimental setbacks and capitalize on breakthroughs. Javelin views smartwatches as the first wave of financial wearables that can leverage existing adoption. But the bigger, longer-term payoff will come when wearables incorporate advances in speech recognition and augmented reality. For example, 53% of consumers indicate a willingness to use voice banking, a key technology that can be incorporated in wearables that have yet to emerge.

“Platforms succeed when they entice developers to create apps that keep consumers coming back for more. Some developers and financial institutions initially will be satisfied with the softer ROI that can come with being the first to market and establishing a foothold with targeted products and services,” said Mark Schwanhausser, Director, Omnichannel Financial Services at Javelin Strategy & Research. “For FIs, justifying investments for wearables is likely to start with bolstering a tech-savvy brand image that can attract customers. But larger, sustained investments will require evidence that wearables are pervasive enough to result in cost savings and revenue.”

Learn More: Investing in Wearables for Financial Services – Why Now?

The report examines current wearables experiments such as Google Glass, smartwatches, and fitness bands; how wearable technology is likely to evolve and why; and five conditions that must be true for wearables to become pervasive. In addition, the report outlines the short- and long-term return on investment (ROI) for wearable investments, and prescribes ways financial services innovators can invest now to lead the way.


Related Javelin Research


About Javelin Strategy & Research
Javelin Strategy & Research, a Greenwich Associates LLC company, provides strategic insights into customer transactions, increasing sustainable profits for financial institutions, government, payments companies, merchants and other technology providers. Javelin’s independent insights result from a uniquely rigorous three-dimensional research process that assesses customers, providers, and the transactions ecosystem.

via Javelin Strategy – Preparing for Wearables in Financial Services Beyond Smartwatches and Google Glass.

How Will Big Data Remake Medicine? | Intel®

By |September 9th, 2014|Market Data, Outside Sources*, RESEARCH & DEVELOPMENT|

How Will Big Data Remake Medicine?

In ten years, eighty percent of the work people do in medicine will be replaced by technology.  And medicine will not look anything like what it does today. Those stunning possibilities were shared by Dr. John Mattison, Chief Medical Informatics Officer (CMIO) of Kaiser Permanente and Panelist at DatumFora’s DATA 360 event in Silicon Valley.

Healthcare will change enormously as it becomes a data-driven industry. Yet the risks and challenges are equally large. It was estimated that 90% of all healthcare institutions will experience a data breach of some kind. Many already have. Each breach costs about $2M in fines, not to mention the loss of privacy and other incalculable costs to the patient.

Sanjay Joshi, CTO of Life Sciences at EMC Isilon, highlighted examples from many states in which patient data was breached because of improper data handling or poor IT governance, cyber theft, technical failures, malicious insiders. In one case, hospital records were even sold on eBay.

Joshi also spoke about the vulnerability of our health data sets in how anonymized data sets shared with state health agencies are sometimes sold to data miners who can reverse engineer that data to find out who we are.

According to Harvard’s Data Privacy Lab, “states have long sold medical data to help finance public health studies.” And while all agree that digitized medical data can help physicians better tailor treatments by patient history, or identify health trends to benefit public health, sophisticated hacking makes our health data even more vulnerable.

Today’s assortment of compliance regulations, with a host of proprietary data standards and formats, impede our ability to secure the data so we can integrate it and share among stakeholders to create new healthcare models.

As we explore the technical and policy issues above, there are many advances underway at the intersection of healthcare and technology. While we keep hearing about advances in personal genomics, here are a few more.

For example, White House Innovation Fellow Adam Dole, former entrepreneur-in-residence at the Mayo Clinic , spoke about the Blue Button Initiative and its parent My Data Initiative. The Blue Button Initiative allows patients to view online and download their personal health records. Its intent is to make our complete health data available to us, as patients and consumers, so we can interact more proactively with clinicians in ways that enhance our quality of life, lead to better treatment outcomes and reduce costs in care delivery. Its parent My Data Initiative, which the White House Innovation Fellows are expanding, combines additional data from our academic records, energy consumption and more.

The greatest value of big data for all industries comes from combining it across different domains to yield actionable insights for new business models. For example, Cloudera COO Kirk Dunn referenced how financial service providers are unifying ways to more creatively serve customers across banking, credit cards, mortgages and insurance.

And Kaiser Permanente CMIO John Mattison envisioned a healthcare model in which medical devices, wearables, diagnostic tools and analytics could better empower people and their families to better care for themselves at home. In this model, real-time data alerts would also trigger healthcare providers to intervene as needed.

Securing, managing and deleting the data in this model, in our hyper-connected mobile-cloud world, is a multi-dimensional challenge. We discussed issues and architectures for that at last week’s cloud and mobility conference at the National Institute of Standards.

The real breakthrough of big data will be in mashing huge volumes into what John Mattison calls “value sets” that combine our medical science knowledgebase with personal data to prioritize our treatment options based on expected outcome, timing, cost, risk and impact on daily life.

While this new vision for integrated healthcare sounds idyllic, we have a lot of work to do in how we harness big data to make it real.

But the question that remains in my mind, which I posed to the group at DATA 360, is this:

Since healing is nurtured by our human connections, yet we expect technology to replace many of them, how do we reconcile the inconsistencies – and what might be the social consequences of this that we cannot yet see?

Follow @JacquelnVanacek for how cloud, mobile, social media and big data are reinventing our world.

via How Will Big Data Remake Medicine?.

Video Glasses Database & on Market

By |September 8th, 2014|Market Data, News, REPORTS & ANALYSIS, RESEARCH & DEVELOPMENT, Smart Watches, WEARABLE DEVICES|

Video Glasses are just beginning to receive mainstream attention.

The emerging wearable computing market, in the form of smartwatches and smart glasses, has proven to developers and manufacturers that consumers no longer want to be tethered to their desks in order to retrieve and store data or to electronically communicate with friends and loved ones. Mobile devices serve to increase the frequency with which we consume and create data and can enhance the level of intimacy when we electronically communicate with others. Similarly, consumers are beginning to demand entertainment experiences that are not limited to the living room television set. We want our entertainment mobile and we want it on demand. Accordingly, video glasses are becoming popular devices for providing instant mobile entertainment while maintaining the quality and privacy we embrace from our stationary home entertainment systems.

What Are Video Glasses?

Video Glasses are head mounted displays (HMD) that typically contain two small video screens, one in front of each eye. The screens are miniaturized and may be CRTs, LCDs, LEDs, or OLEDs. Some models employ multiple micro-displays to increase total resolution and field of view. Primarily used as media players for watching movies and for advanced gaming, they can also be used as First Person View (FPV) systems that provide the wearer with a remote view from the vantage point of the remote control (RC) vehicles they are piloting.

Top 15 Video Glasses

 Glass Manufacturer/Model Price Articles Buy Online
Accupix Mybud 3D HMD Accupix Mybud 3D HMD(852 x 480) $599
BBQbuy Multimedia Player Portable Video Glasses BBQbuy Multimedia Player Portable(432 x 240) $199 Amazon
Boscam GS920 FPV Video Goggles Boscam GS920 FPV
(640 x 480)
$499 Amazon
Fatshark Attitude SD FPV Fatshark Attitude SD FPV
(640 x 480)
Hubsan H510 Video Glasses Hubsan H510
(300 x 224)
$249 Amazon
iTheater HD920 MAXsight 3D iTheater HD920 MAXsight 3D
(640 x 480)
$399 Amazon
Oculus Rift Oculus Rift
(1920 x 1080)
Silicon Micro Display ST-1080 Silicon Micro Display ST-1080
(1920 x 1080)
Sony Personal 3D Viewer HMZ-T2 Sony Personal 3D Viewer HMZ-T2
(1280 x 720)
$849 Amazon
Vuzix Wrap 1200VR Vuzix Wrap 1200VR
(1280 x 720)
$499 Amazon
Zeiss Cinemizer OLED 3D Virtual Reality Video Glasses Zeiss Cinemizer OLED 3D Virtual Reality
(870 x 500)
$789 Amazon
zSight Integrated SXGA HMD zSight Integrated SXGA HMD
(1280 x 1024)

Video Glasses As Media Payers

Video Glasses are most often used as portable Media Players. However, since size considerations prevent video glasses from integrating the required processing circuitry or storing media, consumers typically employ a separate device to serve that purpose. Popular media players used in tandem with current video glasses include iPhones and iPods, iPads and Android tablets, and portable DVD players. For gaming, adapters can be purchased to allow use with modern game consoles such as the PlayStation 4 or Xbox One. When purchasing for use as a media player, it is important for the consumer to consider which source device they intend to use and ensure compatibilityFirst Person View (FPV)

First Person View (FPV) is a method of using video glasses for piloting a remote-controlled (RC) vehicle to give the wearer a first person perspective via a camera mounted on that vehicle. Most often, FPV systems are employed when piloting RC airplanes. When flying FPV, the pilot does not look at the airplane, but rather into a pair of video glasses which provides him with a view from the airplane’s perspective. This allows RC airplanes to be flown beyond the visual range and provides a more immersive experience for the RC pilot. The video below provides an amazing example of FPV RC flying.

Resolution (RES) and Field of View (FOV)

Resolution (RES) and Field of View (FOV) are two important specifications to be considered when purchasing video glasses. Resolution refers to how many pixels the display has and how tightly those pixels are packed. Generally, the higher the Resolution, the better the picture quality. Until recently, standard models provided an unimpressive Resolution of 640 x 480 (VGA). Video glasses currently in development, such as the Oculus Rift, are increasing their Resolution to a more acceptable 1920 x 1080 (HD1080) which makes a huge difference in picture quality.

Field of View refers to the angle of observable display from the viewers perspective. Humans have an 180 degree forward facing horizontal Field of View. A greater Field of View provides a greater sense of immersion and enhanced situational awareness. Therefore, a totally immersive experience would require a Field of View of 180 degrees and, due to the current state of technology, would be VERY expensive. Standard video glasses provide a 30 to 40 degree Field of View, whereas cutting edge models currently in development are increasing Field of View to a much more immersive 90 degrees.

Video Glasses Field Of View

Smart Watches: Anticipation Runs High, But Product Launches Fizzle | by Appinions

By |September 7th, 2014|Market Data, REPORTS & ANALYSIS, RESEARCH & DEVELOPMENT, Sample Reports|

Consumers have shown huge interest in the idea of a smart watch, but data shows that when a product actually comes on the market – it’s met with a tepid response. (by Appinions)

In the Smart Watch Industry Influence Study Appinions released in May, we looked at the amount of attention generated by a number of smart watch product announcements and rumors. Since then, several of those products have shipped, so let’s use this opportunity to check back in and see what kind of impact these watches are having on the market.

As of May 9th, the ‘Net Influence Score’ for the smart watch market was just over 11,000 and declining. That score is calculated by summing the scores calculated for every individual influencer in the market by looking at the opinions they share, and reactions those opinions get, across news, blogs and social media.

Since then, the score rose dramatically to a high of just over 23,000 on July 4th, before falling back to it’s current position near 13,000.


To put that score into context, while smart watches was cresting around 23,000, the conversation surrounding another hot topic – digital payments – hit a nadir between 6,000 & 7,000, with people discussing bitcoins, crypto-currency, startups like Venmo, and more. Compare those numbers, and two other relevant topics, in our new influence comparison tool, below.


What’s Driving Influential Conversation in the Smart Watch Market?

So what drove a 100% increase in opinions and reaction about smart watches over the past 90 days? Our analysis shows that this growth is due more to influencers continued excitement about products that aren’t on the market (or are even mere speculation) and not the watches that Samsung and LG have since released for sale.

Smart watch net influence - with dot demarcating new data since the study's initial release


Samsung & LG Swept Away

Back in March, Korean giants Samsung and LG both registered huge gains when they announced their latest watches; their scores increased by 326 and 307 points respectively. But following the actual product introductions in June, Samsung saw only an 83 point score increase, while LG registered a miniscule growth of 67. In other words, the actual products did not cause people to share significant opinions or generate widespread reactions.  That’s not to say that these product releases didn’t inspire any discussion. Following these announcements, Google, whose Android Wear software is powering both devices, saw a 1095-point increase.  While the individual devices didn’t garner that much attention, (other than negative reviews) influencers continue to buzz about the “potential” that remains in Google’s smart watch platform. In fact, the overall influence for the entire industry is actually up since May, driven largely by Google, Apple, and small increases by bit the more marginal players. comparison

Apple’s Time To Shine

Diving into Apple’s continued rise in influence is even more telling. At the time Appinions published its report, they were the #2 most influential company in the sector, but since then they’ve claimed the top spot. And yet, they haven’t put a single watch on the market. In fact, rumors of an iWatch are no less speculative than they were in the Spring, and yet excitement continues to build. In fact, the volume and quality of influential conversation around Apple’s smart watch has almost doubled since May – while Samsung and LG shipped products and saw their scores drop. apple

Will Moto Clean The Competition’s Clock? 

moto-360-smartwatch-580-90The next test case will be Motorola, expected to release their Moto 360 watch this September. With a distinctive circular face, this watch is perhaps the industry’s best chance to buck the trend of underwhelming product launches. When they announced the product in March they garnered a massive 864 point jump in their influence score, representing over a 300% gain from their previous standing. Will people talk about, react to, comment on, and share opinions and reactions about the Moto 360 when it’s actually in their hands (or on their wrists)? We’ll let you know.  Or keep track yourself with our new LIVE smart watch influence tracking page. In the meantime, read our full Smart Watch Influence Study for a deeper look at this exciting industry.

Consumer SmartWatch Adoption to TakeOff in Sept (an analysis)

By |August 31st, 2014|Apple, Forecasts (In-Depth), Market Data, News, REPORTS & ANALYSIS, Smart Watches, SMARTWATCHES, Standalone, Uncategorized, WEARABLE DEVICES|

Smartwatches, until, the past few months have been clunky, ugly, and basically seen as a novelty product. We’re seeing multiple large consumer electronics companies entering the wrist-worn wearables market, in part, due to Android Wear being the first actractively useful user interface. Thank you to Google and it’s Android Wear operating system.


the Smartwatch market, as we expected, is in the middle of consolidating form-factors and hardware by Samsung, LG, Apple, Motorola, and Google. These large cap OEM’s entered the industry a year ago among a smarwatch market dominated by multiple small companies – producing clunky, mfg Asian components, and all watches with their own OS/User Interfaces.  As what typically happens, these small companies can’t compete against the Giant OEM’s – which is Great for Smartwatch Consumers.

Samsung, for example, released the Galaxy Gear and Gear 2 with its form-factor in focus.  Now, we’re amidst the OEM’s (Samsung, etc) fabricating advanced component technology (vs form-factor focused) which will dramatically improve and simultaneously refine a sexier, sleeker design as the market progresses.  The COMPETITION IS FIERCE.


Overall, over the next 2-3 years, Apple, Samsung, LG’s technology advancements will seamlessly integrate into the advancement of their core products.

This August 2014, we’ve never seen to-date, such significant number of new smartwatch company’s leaking new product models and their features for an expected September-October smartwatch announcements – of either product availability or announcement of production.

The reason for such activity must be attributed to the Apple’s scheduled “new product” announcement; set for September 9th 2014. IFA Wearables Conference is also scheduled for September 3rd, 2014.  Apple’s iWatch is expected to absorb a 50% +/- 4-9% market share when released for sale over the iWatches first year.  This represents a HUGE threat to Samsung, LG, Motorola, and other competitors.

SmartWatches Launching this September and October 2014

  • The Apple iWatch
  • The Samsung Galaxy Gear “S”
    The Samsung Galaxy Gear Circle
  • The LG G Watch ‘R’
  • The Motorola Moto360
  • The Omate ‘X’ Watch

The Motorola Moto360

The LG G Watch “R”


The Samsung Galaxy Gear 3 & Gear Circle

The Samsung Gear S is the next generation smart wearable device that expands the smartphone experience to the wrist. It delivers an up-to-date smart wearable experience with 3G connectivity and wearable optimized features to meet the evolving needs of consumers.

Enhance the Smart Wearable Experience

[ Design ]
Samsung Gear S boasts an industry-leading Super AMOLED curved display to offer an incredible, easy to use and beautiful UI that fits comfortably on the wrist.

Its curved 2-inch Super AMOLED display fits comfortably around the contours of the wrist, while customizable displays and changeable straps empower users to feely express their own taste and style.

The Samsung Gear S also provides easy access to relevant information through essential widgets and combined notification boards.

[ Truly Connected to Stay in Communication ]
Samsung Gear S extends communication capabilities to include 3G as well as Bluetooth and WiFi connectivity helping users to be truly connected and stay in communication.

3G connectivity allows consumers to directly make and accept calls, or receive and respond to messages and emails.

The Samsung Gear S lets users stay on top of what’s happening around them with seamless notifications for messages, social networks, calendars and applications even when away from a smartphone.

The device’s on screen keyboard and enhanced S voice functionality allow for easy text input to complete tasks while on-the go.

[ Enhanced Features and Powerful Applications ]
The Samsung Gear S is empowering users to stay connected with the world around them with extended features and powerful native and 3rd party applications optimized for a robust wearable experience – with or without their smartphone.
The powerful features include turn-by-turn navigation for pedestrians, news services, music capabilities, etc.

The perfect health and fitness companion, the Samsung Gear S features more enhanced multi-sensors, as well as a built-in GPS and S Health so users can keep track of their activities more accurately to stay fit.

Also with the new Samsung Gear Circle, when paired with a smartphone, users can easily receive calls, listen to music, and make voice commands in style through a Bluetooth connection. It features a magnetic lock which clasps around the user’s neck when not in use, as well as a vibrate function to signal incoming calls and notifications.

Both The Gear S and Gear Circle will be available globally starting from October.  For more information : http://www.samsung.com/global/microsi…

WHO WILL WINS 1ST?  The Apple iWatch or Galaxy Gear ‘S’

We predict the iWatch will meet prediction of forecasts, in sales, and market placement. Sources for this fulfullment will primarily be by Apple product and GeeKy Smartwatch fans. Most expect Apple’s iWatch to outshine every other brand competitor.  However, we disagree – strongly.

Samsung’s Galaxy Gear ‘S’ (short for ‘Solo’) will be the First, large OEM, consumer release of a 3G GSM/cdma wirelessly enabled smartwatch with a flexible display.  We’ve concluded, whomever first integrates a SIM chip within their core smartwatch model, (alongside significant form-factor improvements, a BIG BONUS) would take lead as the Top Smartwatch Company in Sales.

and its finally here

The experience of complete data connection independence versus any other companion device is an entirely MORE useful and practical application in design of a smartwatch – as a whole.

by Kevin Clayton, CEO of Be Bold Technologies