...Team 1 : Product Development Work Plan Smart Technology: Fitness Apparel [pic] Karene Brown Phillip Bryant Adran Reid Derek Terrell Danyelle Thomas Teri Wiltcher Executive Summary Acquity Consulting Group set out to assist our client, Athos Technology, with increasing their market share in the fitness industry. Athos Technology has developed wearable smart clothing with the distinct ability to measure muscle activity through the use of EMG sensors embedded in the clothing. The company currently offers a limited number of items in its men’s and women’s lines. Through analysis of the fitness apparel and wearable technology markets, we found that there was a clear void in the market that Athos would be uniquely positioned to fill. We found that the wearable technology market is on the rise, with profits expected to reach over $11bn by 2020. Taking a closer look at what drove sales in the fitness apparel industry, we concluded that our client could see increased sales if they introduced a line of full-length compression smart pants. Additionally, given the role that the fusion of fashion and function has played in the growth of the fitness apparel market, we recommended that our client pay particularly attention to the design of the leggings for both male and female consumers. Interviews and surveys were conducted to ascertain an appropriate price point for this product and it was determined that Athos should price the leggings at $175...
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...Wearable Computers EEE 439 What is a Wearable Computer? As we continue to integrate computers into our everyday lives at an ever faster rate, the idea that a static desktop, or even a portable laptop can fulfill all of our computing needs is becoming increasingly more ridiculous. The integration of technology constantly creates situations in which we pause and think, “If only I had a computer,” The wearable computer does this. It goes where you go, it does what you do. Its there when you want to use it, unobtrusive when you don’t. So what is a wearable computer? Why don’t we just put our laptops on a sling? In 1998, Steve Mann gave a keynote address at the International Conference on Wearable Computing in which he explained the operational modes of wearable computers and six defining traits of a true wearable computer. According to Mr. Mann, the wearable computer creates three new modes of interaction between human and computer which have not existed before. These three new modes of operation are Constancy, Augmentation, and Mediation (Mann, 1998). Constancy means that the computer is always on and available for use by the user; traditional devices are turned off and closed when not in use. Augmentation is the idea that wearable computers will augment the user’s abilities instead of merely providing computing power on demand. Mann splits Mediation into two different areas; Solitude – the ability to cut oneself off from material, and Privacy – the ability to block or modify...
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...so it wasn’t such a vast topic and the report wasn’t just kind of all over the place. I decided to go in the direction of just simply covering one specific example of a few types of SMART technologies that exist today. First of all, what is SMART technology? According to TechTerms.com, SMART stands for, “Self-Monitoring Analysis and Reporting Technology.” It is often times used to protect and prevent errors in hard drives. Put more simply, it’s basically technology that is dynamic, economical (most of the time), and engages in multiple long term solutions towards the health of humans and the productivity, through interactive multisensory technology, action based learning, and brain-body integrated exercise. This type of technology can be used through the use of SMART bands, or wearable equipment, such as the Garmin Vivofit or the Adidas Fit Smart: Fitness tracker, video game based systems such as the Wii Fit or XBOX Kinect, Personalized Apps that can be downloaded onto your smart phone, and even built-in to large workout equipment, like treadmills and ellipticals. One major type of this product is a multisensory fitness suite of products by Multisensory Products. One of the proprietary technologies within MultiSensory Fitness Inc., SMART is Multisensory Brain-Body Fitness Training, a leading technology. This type of technology is designed to create a unique workout that can be used by people of all ages and abilities. Their products combine brain and body fitness, that are...
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...The wearable computing market: a global analysis By Jody Ranck CONNECTED CONSUMER Table of contents EXECUTIVE SUMMARY INTRODUCTION HISTORY FITNESS AND WELLNESS DEVICES European sector Other areas of fitness WEARABLES IN THE ENTERPRISE ENVIRONMENT OPTICAL WARE SKIN SENSORS DISABILITY TECHNOLOGIES FASHION AND ALTERNATIVE PARADIGMS FOR COMPUTING THE INTERSECTION OF WEARABLES, GAMING AND ENTERTAINMENT AUGMENTED REALITY AND WEARABLE TECHNOLOGIES TRENDS COMPANIES TO WATCH KEY TAKEAWAYS ABOUT JODY RANCK ABOUT GIGAOM PRO FURTHER READING 3 4 6 7 8 9 9 10 12 13 15 17 18 19 22 24 25 25 26 The wearable computing market: a global analysis July 2012 -2 - CONNECTED CONSUMER Executive summary “During a Formula 1 race a driver experiences wrenching forces of more than 4.5G. His heart rate may exceed 180 beats per minute and his blood pressure could rise by half. With soaring temperatures inside the cramped cockpit he will also dehydrate, typically losing 2–3 litres of water during the race. Yet the driver must concentrate well enough to achieve lap times that might vary by just a tenth of a second. This is tough, on both mind and body. Hence it is not just the performance of the car itself which an array of sensors keeps an eye on, wirelessly transmitting data about the engine, suspension and so on to the pit crews. The drivers’ own vital signs are constantly monitored, too.” —Economist, Nov. 3, 2011 Wearable computing, or wearables, has recently moved from the realm...
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... Enterprise Mobility 5 Big Data 6 Enterprise Social Networking 6 3D Printing 7 Wearable Computing 8 3.0 Uses and Impact of future technology on organizations 9 4.0 Published case studies and Observations 15 5.0 Key Findings 16 Changing customer landscape 16 Rise of collaborative models 16 Personalization of products and services 16 6.0 Conclusion 17 7.0 Bibliography and References 18 1.0 Introduction Information technology (IT) is an area in which new developments are taking place more and more rapidly. IT has gone through many evolution cycles and today we are in the era of Web 2.0 and 3rd Platform of IT. Technology we used during last decade has become museum exhibits and what was then showcased in Science fictions has become more reality today. Consumer and business tech are merging, where the two going to be barely separable. The 3rd Platform is changing the way we interact with everything. Speculating on what's going to happen over the next few years is of course entertaining. The future of business has always been driven by developments in technology, and the digital revolution is of equivalent substance to the previous industrial revolution. This has important implications for the future of business. Major IT trends opens up great opportunities to develop new capabilities and capacities to drive innovation in an organisation. The pervasive use of these technologies allows organizations to propose and engage business units and customers for further...
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...kind products that shown distinctive class in term of quality, attentive customer service and design styles. One of the factors contributed to the success of Apple in tech industry is its Human Resource department who did tremendous job in organizational development. As we know, Apple organization structure hierarchy operates based on flat collaborative structure rather than the traditional tall divisional one. This implies that Apple favors on collaborative working environment where all the think tanks and professionals cooperated to achieve the organizational goals independent of their location. In order to sustaining this positive working environment, their HR department come up with intervention strategies such as distribution of specific color T-shirt to the employees based on their role in the company. They also deployed the workforce effectively in order to concentrate their supervisors and managers focus on leadership and improving customer service. HR department also work hard on retaining talents with growth opportunities within the organization and make their employee’s work meaningful. Apple always encourage their employees to climb the corporate ladder for career advancement (Suzanne, C., 2012) In the times where companies struggle to retain great talent, Apple should keep on implementing these intervention strategies in the long term duration in order to allow the organization to be highly competitive in tech industry. The...
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...Google Glass: Possibilities and Problems Prepared for Dr. Helen Waite Director of Research Technology Advisory Group Prepared by Casey Setzer Tushar Arvind Zach Harris Hugh House Research Department Technology Advisory Group December 2014 ------------------------------------------------- MEMORANDUM To: Dr. Helen Waite, Director of Research From: Casey Setzer, Tushar Arvind, Zach Harris, and Hugh House Date: December 6. 2014 ------------------------------------------------- Subject: Google Glass: Possibilities and Problems ------------------------------------------------- Here is the report you requested August 20 on Google Glass’s status as a consumer product. Since our task was to provide advising to the average consumer on both advantages and problems concerning Google’s wearable, our goal was to exterminate all personal bias and provide a report that, while providing informed advice, leaves the consumer armed with the information he/she needs to make an informed and personal purchasing decision. Upon gathering our research, we learned a lot about how committed both Google and other entities are to pushing Project Glass into the consumer electronics arena, and came up with the general conclusion that if a consumer is interested in this bleeding-edge technology, it would probably suit him/her best to wait until the consumer version of this product is announced, with the added features and lower price tag Google has promised en towe. ...
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...Potholes 24 Call to Action 24 Appendices 1 26 Brainstorming Method 26 The Worst Idea Method 26 Relationship Analysis Method - Multi-dimensional / morphological matrix 27 Problem based approach using Voice of Customer through product reviews 27 Highs 28 Lows 28 Highs 31 Lows 31 Market based ideation 32 Problem Analysis of workout market 32 Attribute ideation Method 33 Appendices 2 34 Appendices 3 36 Executive Summary PIC and target market summary Health is opening up a new revolutionary advances within the industry of wearable technology. It is at the beginning of a massive mainstream uptake of wearable devices. According to the ABI research (2011), over the next % years, growth in the wearable wireless devices will be driven by the sports, fitness and wellness segment of the consumer market. With such a strong emphasis being placed on establishing a healthier lifestyle, adoption of wearable technology among...
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...……………...……10 VII. Performance Evaluation…………….………..…………………………….......................…….11 References..…………………………………...………………….………........….12 I. EXECUTIVE SUMMARY: Suunto is a world leader in designing and manufacturing sports precision instruments. Since 1936, Suunto has been at the vanguard of innovation and design of sport watches, dive computers, and sports instruments engineered for training, hiking, mountaineering, hiking, skiing, and sailing. Suunto enjoys an esteemed reputation because it delivers intuitive design, accuracy and dependability combining aesthetics and functionality that allows athletes analyze and improve their performance. The demand for fitness products and the rise of wearable technology is a prospect that Suunto must look into. Suunto must look into the feasibility of expanding its product line to produce products that will fill the needs of other users in aviation, and the military for example. This expansion in product offerings has the potential of increasing market share and revenue. Suunto will have to overcome challenges to expand its product offerings and increase its market share. This marketing plan presents a possible way for Suunto to capitalize on its strengths and opportunities that the current marketing environment presents. II. ENVIRONMENTAL ANALYSIS Since its...
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...watch that features Apple’s latest technology. This product will allow the company to penetrate the market of wearable technologies, which will weight 1.4 billion dollars by the year 2018. In fact the market demand is increasing steadily in regard of this new type of technologies. Companies such as Samsung and Google had introduced wearable devices such as the Galaxy Gear or the Google Glass in order to create a new way for consumers to interact with technology. The iWatch will satisfy a new demand that is estimate to five million shipments in the next year. (Ranck, 2012, p. 1). Using the Apple strengths such as advanced patents, strong brand equity and extensive distribution channels; the iWatch can be, like the iPod, a strong vector of development for the company. In fact, the marketing objective proposed by this plan is to become a leader on the wearable technologies market and ultimately sale three million units by the end of next year as a financial objective. This document will present the marketing mix that will allow Apple to reach those objectives. Elements like fashionable design, high quality and new technologies will permit the iWatch to be positioned as a high-end product; and therefore enhance Apple’s position as an innovative company. Ultimately, a milestone will be presented to reach the marketing and financial objectives in order to implement the plan in an efficient way. 2.0 Situation Analysis The mobile technologies have evolved tremendously in the...
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...Executive Summary As a maker of the revolutionary wearable technology, Thalmic Labs wishes to change the way humans interact with computers through the innovative product, the Myo armband. A key problem is that there are too many uses for the Myo, and not a clear link for how gesture control technology can solve major problems for consumers. Users acknowledge that the product has potential, but feel that it is still underdeveloped and indicate that it does not always work. The recommendation is to specialize in the B2B market, so that research and development can be directed to changing the product to solve actual problems for businesses. Stakeholders to keep in mind are Thalmic employees, investors, retailers, third-party developers and partner organizations. Thalmic operates in a high uncertainty environment, due to the unstable nature of the tech industry, high turnover rates, and a demanding market sector. Thalmic has a collaborative organizational culture, demonstrated through its open concept office. Thalmic has integrated the horizontal coordination model successfully, but there lacks an apparent need for Myo which has a huge impact on sustaining growth. To implement the recommendation, Thalmic will be switching to a focused differentiation strategy. Thalmic must communicate that B2C sales will continue to exist, in order to satisfy retailers and third-party developers. The company must focus on attracting a new salesforce and better engineering talent so that the R&D...
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...Bibliography..................................................................................................17 Appendices....................................................................................................18 Executive summary The topic of this marketing research is to highlight how can a company such as Nike can improve its market share on a specific product. Thus during this research, we need to have a look on the customer point of view regarding the product and its facilities. The product at stake for this research is the Nike Fuelband Bracelet. This is a sport bracelet that people put on their wrist and it measure during sport activities and everyday life, the footsteps and the calories used during the day. In fact, it is a tool to help people calculating their performances. The product takes part of the category fitness and wellness of consumers. The aim of the research is to increase data available to the company in order to make Nike increase their market shares for this bracelet. Thus the research question focuses on customer and asks « how can we make our customers feel like they need exactly our...
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...But due to everyday circumstances and situations health cannot be controlled, and that's where Health care systems come into play. A health care system or a health system is a framework of people , foundations and resources that deliver health care assistance to meet the health needs of distinctive populations. With the pace at which technology is advancing health care systems are continually looking to be more economical, improve efficiency and throughput,mechanization of manual tasks is an principal component of a strategy for performance enhancement....
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...nutrition and sleep. The founders believe that Fitbit products will help transform people’s lives with these wearable devices that can help people monitor and be inspired to increase their daily routines. According to Fitbit.com, “Eric and James embarked on a journey to create a wearable product that would change the way we move and bring amazing experiences to fitness and health.” These wearable bracelets are Bluetooth and wireless, making them compatible with most smartphones allowing the user to better track and monitor their daily activities. This tracking capability is enhanced by downloading applications from the app stores. Eric and James stated that these bracelets help people become more serious about their health, reaching their health goals while having fun, smiling and feeling empowered (fitbit.com). These products can be purchased online or through other online retailers in the United States. Depending on individual fitness needs, the Fitbit offers many features which are highly desirable in a fitness tracker, it is more sleek, attractive and more affordable than its competitors. Fitbit is always working to enhance its full line of award-winning trackers to deliver even more advanced, game-changing features designed to make fitness/activity tracking more intuitive and efficient. (BloombergBusiness.com) Fitbit, Inc. offers eight different wearable products from clip-ons, bracelets and pendants to a scale. The Fitbit bracelet uses a...
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...Technology and Social Change in Healthcare Today there are many technologies that have provided change in our social environments. For example, we have access to laptop/computers, the Internet, cell phones, and android pads. This is beneficial because we can use the Internet to obtain information almost instantly to assist in research and education as well as staying in communication with friends and family. I believe that every household should have access to these technologies but due to socioeconomic conditions that is not possible. I feel that the technology today has evolved from landline telephones and going to the library to being able to make calls anytime from anywhere and find information at the touch of our fingertips. The gap between social economic backgrounds needs to be closed so that everyone has the access to all technology. Influence of Technology on Social Change The Business Dictionary defines technology as “the purposeful application of information in the design, production, and utilization of goods and services, and in the organization of human activities.” In addition, they further breakdown the definition of technology into five categories “Tangible, Intangible, High, Intermediate, and Low.” Our life modes have been greatly changed over the years. A few examples include but not limited to education, government, healthcare and new communication inventions. The Encyclopedia Britannica defines Social Change “in sociology, the alteration of mechanisms...
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