How Smart Tech Is Improving Our Lives
Deanna Recktenwald had no reason to worry about her health. She was an active 18-year-old cheerleader who’d been practicing gymnastics since she was 5 years old.
So it was a surprise when, one Sunday in church, her Apple Watch alerted her to a suspicious increase in her pulse. Her resting heart rate had rocketed to between 120 and 130 beats per minute, much higher than the average rate of between 60 to 100 beats.
At first, Deanna thought nothing of it.
She assumed her shortness in breath was a case of too much gymnastics and cheerleading practice. But her watch sent another alert. She was at 190 beats this time.
Now it warned her to seek medical attention. So her mother, a registered nurse, checked her pulse. It matched the watch’s reading.
Immediately, she rushed Deanna to an urgent care facility.
And that’s the story of how Deanna found out her kidneys were failing. She had chronic kidney disease, a condition that would’ve gone unnoticed, possibly killing her, if it weren’t for her Apple Watch.
Smart Tech Is Improving Our Lives
Often, we hear about the supposedly magical qualities of the smart tech rapidly propagating the world around us, but we don’t see it in action.
Deanna’s story is an important one. It’s a reminder of how drastically our world is changing.
Not only is life getting simpler with internet-connected technology such as self-driving cars, Alexa, smart watches and the like. Our lives are quite literally getting saved.
I can’t stress the importance of that concept — particularly for investors. This is where you want to park a portion of your portfolio. After all, people will always be interested in improving their lives — that’s as consistent as death and taxes.
And large corporations around the world are well aware of this massive Internet of Things trend. That’s why they plan to double their annual spending on smart tech, such as video surveillance devices and factory sensors, over the next four years to an annual total of $520 billion.
That’s significantly up from the previous forecast of $450 billion in 2016.
And it makes sense.
In 1999, just 4% of the world’s population was online. Fast-forward to today, where nearly 50% of the world is connected online — an estimated 3.75 billion people who are relying on the web and smart machines for their invaluable resources.
Despite that growth, there’s much more to come.
When Pew and Elon University sent out a survey about this evolution and asked if people would stay connected to these devices despite the vulnerabilities that can also arise with interconnectedness, 15% said they would disconnect, while a hefty 85% said they would become ingrained more deeply in the connected world.
Clearly, demand and spending are ever increasing in this market. Deanna’s story is only one example among many underpinning the reason.
So I urge you to gain more exposure to smart technology now before the market really takes off. In fact, tech expert Paul Mampilly just announced that now is a great to initiate new positions.
Managing Editor, Banyan Hill Publishing