The benefits of wearable tech for modern businesses

    Wearable technology has been around for almost a decade. But it is only now that it is being used and recognised for driving innovation and growth in modern businesses.

    From smartwatches and fitness trackers to smart glasses and virtual reality (VR) headsets, the list of wearable tech products that are permeating the business and professional space is ever-increasing. Employers who have introduced wearable technology within their workplace are enjoying several benefits that are helping to keep their businesses ahead of the competition.

    Furthermore, it is also helping them overcome several challenges in the areas of employee and customer policy and satisfaction. According to research conducted by Salesforce, 79% of companies who have adopted wearable tech in business say that it is instrumental to their success, with 76% saying that wearables improved their performance, and 86% claiming they will increase their investment in wearables. 

    So what exactly are these benefits that are persuading more and more businesses to introduce wearable tech products within their workplace?

    Improved employee productivity

    Wearable tech can be used to perform various tasks like taking notes using wearable speech-to-text recorders and monitoring and managing stress and work pressure with Fitbit or other fitness trackers. These devices use automation and allow employees to access, record, and exchange data more easily, streamline their operations and processes, give real-time feedback, and ultimately help reduce the time spent doing repetitive manual work. All of this helps to boost employee productivity and efficiency. 

    Easy connection & communication within the team

    Wearable tech makes it easy for employees to stay connected with each other at all times when at work. This enables easy and quick transfer of data, immediate access to help and support in case of emergency, and storage of crucial data in the Cloud so that it can be accessed by all when needed. 

    Better employee safety

    The primary purpose of many wearable tech products like fitness trackers is to monitor the health of the individual wearing one. Using them in the workplace can help keep your employees healthy and safe and encourage them to exercise and take breaks when needed. Businesses can also invest in wearable sensors that can inform employees if there are any harmful chemicals or substances in the surrounding environment.

    Increased transparency

    Wearable tech allows employees and their leaders to feed their data on to Cloud which is shared by everyone, making it impossible for anyone to hide anything and increasing transparency within the team.

    Improved customer satisfaction

    Customer satisfaction is vital to the growth and success of any business. Introducing wearable tech devices into your workplace can help you collect and analyse critical customer information like biometric data, location, spending information and buying history and review the resulting trends to modify the processes and customer service accordingly. 

    Wearable technology is truly transforming the business and professional landscape with more and more industries and businesses incorporating it in their work environment. 

    If you are a business owner looking for ways to improve productivity and performance, introducing wearable tech devices is one of the best ways to achieve these goals.

    Are you yet to hop on the wearable tech bandwagon?

    Read tech articles and news in the city and the world by visiting Biztech, the official business and technology forum of Milton Keynes.

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