IoT-enabled wearables, which include everything from smart glasses to fitness trackers, are rapidly becoming popular in both the business and consumer markets. And this is not some passing fad. Businesses are realizing significant cost savings, as well as enhanced productivity, once wearables are introduced into their ecosystems. Consumers are equally enthusiastic. Most see wearables as a natural extension of their cell phones, and something they can’t live without. In fact, research by Ericsson showed that two out of five users of wearables honestly feel naked without them. Even better, the wearables market is just in its infancy, and that means there truly is unlimited potential for a technology that, conceivably, could unseat smartphone dominance.
The wearables market—activity trackers, smart watches, smart glasses, and embedded sensors in clothing—is exploding, and nowhere is that more evident than in the workplace. What was once viewed as more of a novelty now is becoming an integral part of both enterprises and smaller businesses. Why the newfound interest in business wearables, primarily smart glasses? For the same reasons IoT is taking over every sector—efficiency, enhanced productivity, safety, and significant cost savings. According to analysts, smart glasses have enabled the field services industry alone to achieve more than $1 billion in annual cost savings, propelling the market to $6 billion in sales in 2016.