How will wearable technology impact the health sector and industry?

Anonymous

Question Description

The goal of the research paper is to develop a well-reasoned and analytically supported response to the following questions:

Papers must include a title page, brief introduction, the body of the paper, and a brief conclusion. Papers should be double-spaced and a minimum of 3000 words. The body of the paper may address the two main themes in separate sections, divided into an "Industry Analysis" section and an "Individual Analysis" section. However, you also reorganize the material so as to present it in the way that best supports their argument and conclusions. You are encouraged to use headings and subheadings to organize your paper. You must support your analysis by citing relevant and reliable sources. In-text citations should be in the APA style. The appended list of references, properly formatted, should include at least fifteen books, journal articles, magazine articles, newspaper reports, company reports, or publications by think tanks, nongovernmental organizations, government agencies, or intergovernmental or transnational institutions.

They will clearly articulate the challenges facing companies in the selected industry as they respond to potentially transformative changes in the global economy, as a result of both technological innovation and the potential impacts of climate change. Good papers will explore how these changes are likely to impact the social and political context in which businesses operate, and what changes companies in the industry may need to make in response. Finally, good papers will reflect on these changes might impact directly on you and on your future personal and work-related choices, career direction, or social and political identity.


“Industry Analysis” Students might want to consider the following questions as they work on this section of the paper: • What are the likely impacts of the third industrial revolution and climate change on the selected industry over the next 20 years? • Do these changes pose a greater threat to the industry’s core assets or core activities, or to both? Considering the framework proposed by McGahan (2004), what is the likely trajectory of change in the industry? • How might the industry need to adapt in response to these threats and changing global social, economic, and ecological conditions? • Are there likely to be changes in the structure or organization of the industry? For example, are companies within the industry likely to become more or less vertically integrated? • What sustainability challenges might the industry face? For example, what changes might companies in the industry need to consider in their use of human capital and natural resources? • Could the industry shift away from capitalist modes of production and become part of the Collaborative Commons? • In the future, what are likely to be sources of competitive advantage for companies in the industry? What strategies might companies in the industry employ to create value for shareholders, for their employees, for other stakeholders, and for society?

“Individual Analysis”. Students might want to consider the following questions as they work on the “Individual Analysis” section of the paper: • In the future, how are people be likely to participate in the industry? How might the roles and responsibilities of people engaged in the industry be impacted by the changes in the industry that are anticipated and projected in the first section of the paper? • Will people assume new roles or responsibilities, or with the mix of roles changes, as people engage in the industry as entrepreneurs, managers, workers, consumers, or prosumers? • If the student were to pursue a career in the selected industry, how might they expect their career to develop over the next 20 years? How might you, or employees, managers, or entrepreneurs in general, position themselves to take best advantage of anticipated changes? • What skills, expertise or capabilities might the student want to acquire in order to be able to contribute to the future development of the industry? What kind of company 3 within the industry would the student propose to establish or work for in order to take advantage of these changes? • Finally, how might the student’s social or cultural identity and value commitments be affected by working in this industry? Given the anticipated direction of change, does the student feel that working in this industry would most likely be congruent with or possibly be in conflict with their rights and obligations as members of their local community; citizens of a nation; members of a global human community; or transnational or global citizens?


Concluding questions are

  • If Jeremy Rifkin is correct in predicting the impact of a third industrial revolution, how will the selected industry be impacted by the transition to a “near zero marginal cost society”?
  • If Naomi Klein is correct that the need to address climate change “changes everything”, how will the selected industry be impacted by a warming planet, on the one hand, since a certain amount of warming is inevitable, and by efforts to mitigate the impacts of climate change and reduce the release of greenhouse gases, on the other?


thanks

Tutor Answer

Jkennish
School: Carnegie Mellon University

I appreciate working with you! In case of any further edits, please do not hesitate to let me know! See you soon! Remember me as always! Would love and appreciate to work with you in the future! Goodbye Final paper, ignore the other two paper

Running head: IMPACT OF WEARABLE TECHNOLOGY ON HEALTHCARE
1

Impact of Wearable Technology on Healthcare
Name
Course
Date

IMPACT OF WEARABLE TECHNOLOGY ON HEALTHCARE

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Impact of Wearable Technology on Healthcare
Wearable technology is a piece of a technological device worn on the body and may act
as implants or even accessories. Wearable technology is an example of the internet of things
because of the way they function. It has the capability of sending information to other devices
after monitoring through its because of the sensors and connectivity which allow for the
exchange of data. The technology has a wide variety of uses that increase as it expands and is
common in the consumer electronics field with devices such as activity trackers and the
smartwatches that have since gained popularity. The activity trackers are worn on the wrist as
well as the smartwatches and have the capability of monitoring the owner's heart rates among
other conditions. Wearable technology is now getting incorporated into the healthcare sector
where it can impact the sector and improve its functions. In the healthcare sector, the devices
have been used in various capacities: they have assisted in hearing by their use in hearing aids
and assists in the detection of sleeping disorders. There are groups such as the Wearable
Technology in Healthcare Society (WATCH) by medical professionals support the functions of
wearable technology through the collaborative efforts and use of the technology validly in
healthcare. Wearable technology can transform the healthcare industry significantly. It has the
capability of availing information to the medical experts directly from patients located in the
remote areas where it is difficult to deliver a valuable treatment. Additionally, it can give the
valuable additional information to the medical experts. For instance, the technology will avail
relevant information to the healthcare providers which will help in diagnoses which supplements
the information already acquired during the hospital visits. People are now leaning towards the
application of wearable technology which monitors the state of their vital organs and will help in

IMPACT OF WEARABLE TECHNOLOGY ON HEALTHCARE

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reducing the visits to the physicians and doctors (Robin, 2014). The use of wearable technology
transforms the healthcare industry positively.
Industry Analysis
The healthcare industry has benefitted significantly from the use of wearable technology
due to its advantages which make the healthcare process easy as well as the drawbacks to the
application of the technology.
Changes
Consumers have shown interest in the use of wearable technology because of the ease of
application and the availability of the devices. Therefore, the number of people wearing the
devices will likely increase which will lead to the increase in the production of the wearable
devices and the costs to drop. The Android and the Apple wearable devices are now available
and are getting sold to the masses. An interesting fact to the devices is that most of them have
health applications installed in them (Michael & Tehrani, 2014). The health applications gather
data from the person wearing them. The data includes the number of steps taken, the distance
ran, the heart beats, and the blood pressure. Other applications from the use of the devices will
see them able to measure the sugar levels in the blood which is a critical element in health
diagnosis (Adrien, 2018). The medical providers will now be able to effectively get data from the
devices about the patients' health status such as the fitness levels and then appropriately treat the
patients. However, the interest shown by the patients will not necessarily mean that they are
willing to share their information with the healthcare providers. It brings a challenge to the
providers which need the necessary changes to address the rising problem. The physicians,
doctors, and the players in the medical field will need to address the patients' concerns about the

IMPACT OF WEARABLE TECHNOLOGY ON HEALTHCARE

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type, amount of data that they are going to share by using the wearable technology. Changes are
necessary because the patients have worries about the healthcare industry and the insurers that
the groups could use the information recorded in the wearable devices in various ways the
patients may think could harm them. They also believe that the gadgets could get stolen and then
used for malicious purposes against them. It is a quagmire that the industry players must be
willing to make necessary changes to address the consumers’ concerns. Proactive approaches are
the best to approach the situation. The strategy will entail the employees determining the
appropriate standards to use in the acquiring, dissemination and storage of information from the
wearable devices.
Adaptation
The healthcare industry will have to adapt to the impact of the wearable technology or
end up left out in the competitive world. The high-performing hospitals usually have such kinds
of technology adopted in their operations. They encourage the use of wearable technology
because it will assist in their early diagnosis of the medical conditions and with the huge number
of patients they sometimes receive, it ends up saving time while maintaining the quality of care.
The institutions may collaborate with the companies manufacturing the devices and then
encourage its stakeholders to use the devices which will help them monitor their health progress
instead of making numerous trips to the hospitals whenever a problem occurs. In wake of the
privacy concerns, the providers should ensure they have put in place policies which will address
the same. These policies will entail the procedures to use when handling the data received from
the devices, the mechanisms to use in handling delicate information among other security
features which will enhance the privacy of patients’ data (Thierer, 2015). The existing policies
should be amended to ensure it addresses the concerns raised by using the wearable devices. The

IMPACT OF WEARABLE TECHNOLOGY ON HEALTHCARE

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use of wearable devices brings the issue of privacy and therefore the providers should inform the
consumers the legitimate reasons as to why the wearable devices are worn and how the use the
information obtained from the wearable technology is to the medical field. The providers will
also have to provide the steps taken when collecting and aggregating the information from the
devices and the security measures which will apply to prevent unauthorized use of the
information. However, due to the impact of the wearable technology on the privacy concern
front, this discussed solution may not work in overcoming the concerns. Therefore, the providers
need to give the patients the chance to opt out of using the wearing devices. They could also
avail to the consumers a form which they can sign consenting to the use of information obtained
from the devices for medical purposes. The healthcare industry should train its employees on the
policies associated with the wearable devices usage and also train the patients on how to use the
devices. The providers should have a timely review of policies which will ensure keeping up
with the likelihood of expansion of the wearable devices and in protecting their interests as well
as the patients’ rights. The wearable technology advances and other health applications will
ultimately improve the quality of healthcare.
Impact on Root Cause Analysis
The traditional computing devices for monitoring and diagnosis were slow and
inefficient. The means for checking the sugar levels and the blood pressure previously required
complex procedures that took time to bring results. In comes the wearable technology devices
which have replaced the conventional means and the end users have a marked affinity to its
functions such being non-invasive and providing real-time results. In addition to reducing the
number of visits to the physicians and hospitals, the medical wearables also have seen its
adoption to medical-affiliated fields such as labs, speciality clinics, and the diagnostic

IMPACT OF WEARABLE TECHNOLOGY ON HEALTHCARE

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institutions which are on the rise. The physicians have found the medical wearables useful
especially the ones designed for self-management abilities which assist in the diagnosis process.
The data collected by the devices get transmitted electronically and the doctors find them useful
in assessing critical incidences. The device shows information regarding the erratic changes of
the body temperature at specific times which the physician will find useful in detecting the root
cause of the inconsistencies in body temperature. The consumers will also have to reveal the
food taken during the period and the activities they did which will play a part in assisting the
doctor to recommend prohibitions (Moon, 2014).
The conventional means meant to detect the inconsistencies in body temperature failed to
identify the situations leading to the fluctuations, but the medical wearables' real-time capability
reporting has led to the elimination of the hindrance. Wearable sensors are getting designed
which will improve the accuracy of the medical assessment. The electrocardiograph sensors
(EKG) used in the wearables help in monitoring the activity of the heart of the patient through
sensing various physiological signals. In connection to the EKG, the developers of the medical
wearables are working towards the creation of devices which will impact the healthcare industry
through the use of breathing sensors which monitors respiration. Another area which will impact
the medical field is the blood pressure sensors which will monitor the changes in blood pressure.
The electromyogram (EMG) sensor is also available in the wearable devices which assist in
recording the muscle activity. The wearable technology offers the different functions to help
eliminate the use of existing medical monitoring systems through their application of critical
monitoring systems. Additionally, the adoption of the devices will further supplement the
doctor’s ability to assess, diagnose, and monitor the health condition of a user located in a remote
area (Slade, 2014).

IMPACT OF WEARABLE TECHNOLOGY ON HEALTHCARE

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Individual Analysis
The wearable technology has impacted the healthcare industry to the levels which ...

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