With wearables becoming more common in the warehouse as well as on the factory floor, a recent report, titled The Human Cloud At Work (HCAW) A Study Into The Impact Of Wearable Technologies In The Workplace, indicates that wearable technology provides substantial benefits for productivity.
Preliminary results, as reported by Tech Times, indicate that employees with wearable devices increased their productivity by 8.5% and their job satisfaction by 3.5%.
And perhaps this increase in productivity is leading more companies to purchase wearables. A study by Salesforce showed that 86% of U.S. companies plan to invest more in wearable applications on the job over the course of 2016, with 40% interested in using wearables to monitor employee time management and real-time employee communication.
In a recent article on Forbes, Bernard Marr, author of ‘ Big Data in Practice: How 45 Successful Companies Used Big Data Analytics to Deliver Extraordinary Results,” pointed out some “mind-boggling” facts about wearables.
- The wearables market exceeded $2 billion in 2015, will hit almost $3 billion this year and over $4 billion in 2017.
- Growth in the wearables market is expected to increase 35% by 2019.
- Just under 50 million wearable devices were shipped in in 2015 and over 125 million units are expected to ship in 2019.
- Companies are beginning to test wearables in basic use cases like workplace security access (23%), employee time management (20%), and real-time employee communication (20%).
- Companies are also beginning to embrace “bring your own wearable” (BYOW) models with 54% currently supporting a BYOW model and an additional 40% planning to support this model in the future.
- 51% of people surveyed cited privacy as their biggest concern with wearable tech.