Skip to content
  • About Us
  • Privacy Policy
  • Contact Us
B2B Newz

B2B Newz

Daily Industry News & Updates

  • Top Stories
  • Business
  • Technology
  • Health
  • Science
  • Toggle search form
Tech Investors See A Profitable Market In Aging Americans

Tech Investors See A Profitable Market In Aging Americans

Posted on February 23, 2019February 22, 2019 By Arleen Reyes

45-year-old venture capitalist Greg Yap is experimenting with newer technologies that will help him and others take care of the elderly without having to invade their privacies. People in their 60s and 70s, living independently instead of in assisted living, are at great risks of strokes, heart attacks or falls. Hence Yap is going beyond mainstream devices like Apple’s smart-watch, Amazon’s Echo or Alphabet’s Nest thermostat with facilities like fall detection, medication reminders and motion sensors to new products. These products are developed for providing assistance in such cases, like Silver Mother that can incorporate sensors on mattresses, front doors and pill boxes for remote monitoring of sleep, safety and health. Working at Menlo Ventures, Yap believes that although the primary technologies are here, one needs to weave them all together for easier installation and use. Furthermore, looking from product perspective, the gadgets need to be useful and intuitive without being extremely expensive. Fulfilling the requirements like keeping the gadgets minimally invasive and burdensome, while keeping the products affordable is a real challenge, according to Yap.

Tech industry veteran, Michael Skaff says that the industry is full of many hobbyists who are just trying to hack together pieces of a way to keep track of their parents without disrupting their personal space. He states that there are several kinds of sensors that could prove beneficial, particularly when all information and data is aggregated like smart locks and connected lights which can turn off during night-time, refrigerator sensors with ability to track opening of fridge doors, moisture sensors for water spillage monitoring and window and door sensors that can provide updates when one enters or leaves home. There also are numerous smartphone apps linked to traditional medical devices. Mark Prince believes that modern technologies are wonderful innovations. Kyle Armbrester agrees and says that with most elderly Americans having access to smartphones, previously remote care giving has now become easier and more extensive.

Top Stories

Post navigation

Previous Post: Tariff Deal Talks Extended To Next Week Lends Fresh Hope
Next Post: Taiwan’s Space Program In 3rd Phase, Aims For Lunar Mission

Related Posts

Potential Global Cyber Attack Can Root $85–193 Billion Worth Of Damage Potential Global Cyber Attack Can Root $85–193 Billion Worth Of Damage Technology
2 Superhot Columns Of X Ray Emitting Plasma Appear At The Galactic Center 2 Superhot Columns Of X Ray Emitting Plasma Appear At The Galactic Center Top Stories
Vault Cryptocurrency Vault Cryptocurrency Of MIT Researchers 99% More Competent Than Bitcoin Business
Once Again, NASA’s Parker Solar Probe Is Moving Toward The Sun Once Again, NASA’s Parker Solar Probe Is Moving Toward The Sun Science
NSF Getting Ready For Another Government Shutdown NSF Getting Ready For Another Government Shutdown Business
Study Reveals The Possibility Of Destroying Cancer Cells With Metal Iridium Study Reveals The Possibility Of Destroying Cancer Cells With Metal Iridium Top Stories

Follow us

follow us

Recent Posts

  • Global Tissue Diagnostics Market Business Revenue by Top Leading Players and their Strategies to grow up 2022
  • Global Hybrid Operating Room Market Latest trends & dynamics, Market opportunities and Forecast 2022-2028
  • Global Magnetic Resonance Imaging Systems Market Industry Growth Factor, Overview, Demand, and Current Trends with Forecast to 2028
  • Global Microfluidic Components Market Industrial Report to Cover Process Analysis, Manufacturing Cost Structure 2022-2028
  • Global Healthcare Decision Support System Market Latest trends & dynamics, Market opportunities and Forecast 2022-2028

Who We Are

Every day, people staying around, are looking for information to better understand their journey towards future. Recognizing the challenge of finding a trusted local source of news and information, B2B News is a trusted destination for news impacting with the precise fusion of trust, reliability, genuine information crafted in the inspiring stories and many other forms of information.

Get In Touch With us

B2B News Update
2717 Wilmarco Ave,
Baltimore, MD 21223, USA
Phone: +1 410-941-6063
Email: contact@b2bnewz.com

b2bnewsUpdate_logo

Copyright © 2023 B2B Newz.

Powered by PressBook Media WordPress theme