Parks Associates: 54% of US Internet homes own a connected healthcare product, unlocking new value for remote care applications in healthcare and elderly care – PR Newswire | Hot Mobile Press

Industry webinar in collaboration with Syntiant provides insights into device data, the role of AI in emerging use cases and the impact of low-power computing devices

Dallas, August 4, 2022 /PRNewswire/ — New consumer data from Parks Associates shows the continued rise of connected healthcare devices, with 54% of US internet households owning at least one product and 23% owning three or more. The research firm will highlight the findings during an industry webinar, “Health IoT on the Edge: Accessible, Smart, Secure” on Wednesday, 10.8in collaboration with Syntiant to discuss the new applications in healthcare and elderly care through the use of low-power edge computing devices.

“Driven by the introduction of smartwatches, consumers and patients have become accustomed to using devices to collect, transmit and interpret health data. Remote home care depends on both the quality of patient monitoring and the quality of insights made available to the care team and family carers,” said Kristen Hannich, Director, Broadband and Healthcare Research, Parks Associates. “The use of predictive analytics and machine learning algorithms in healthcare transforms real-time data into actionable and potentially life-saving insights and diagnostic support.”

According to research from Parks Associates, 57% of consumers find device health data sharing appealing, and more than one in three seek a caregiver that offers it. The webinar will cover using healthcare device data to empower patient care, the role of AI and algorithms in enabling new use cases, low-power edge AI solutions, and key use cases in remote patient monitoring and elder care.

“There is tremendous value in bringing edge AI to connected healthcare devices, not only for manufacturers but also for consumers,” he said Poupak ChodabandehVP of Product, Syntiant Corp. “New use cases can be deployed quickly, efficiently and at relatively low cost, while improving patient outcomes through the use of machine learning to enable highly accurate, real-time monitoring and cloud-free data processing to help ensure privacy and security.”

Webinar Speakers:

  • David GarrettChief Architect, SVP Engineering, IEEE Fellow, Synthetic
  • Poupak ChodabandehVice President Product, Synthetic
  • Henry O’ConnellCEO and Founder, Canary speech
  • Kristen HannichDirector, Broadband and Health Research, Parks Associates

Examples of use cases powered by AI and algorithms include the following:

  • Compare patient curves algorithmically
  • Proactively identify and avoid health crises
  • Triage of risk patients
  • Diagnose unidentified and undiagnosed medical conditions
  • Recognize health deterioration and dementia based on speech patterns
  • Predict falls or reduced mobility in the elderly

These systems are even more powerful when combined with edge computing, which offers ultra-low latency, high reliability, and privacy/security advantages over cloud-first systems. In addition, low-power Edge AI solutions can be tailored to the many battery-powered health IoT sensors and devices that require intelligence, security, and low power consumption.

For information or to register, visit https://www.parksassociates.com/healthai-aug2022. To request data or an interview, contact Rosey Sera, [email protected]972-996-0233.

About Parks Associates

Parks Associates, an internationally recognized women-owned and led market research and consulting firm, specializes in emerging technology solutions for consumer markets and small to medium-sized businesses (SMEs). Celebrating his 35thth In 2021, Parks Associates partners with companies navigating the changing consumer technology landscape through data-driven market insights, deep consumer and industry intelligence, customized marketing services and executive networking experiences and conferences.

Parks Associates hosts annual industry webcasts, the CONNECTIONS™ Conference Series, Connected Health Summit, Smart Energy Summit: Engaging the Consumer and Future of Video: OTT, Pay TV and Digital Media. https://www.parksassociates.com

Contact:
Rosimely Sera
Parks Associates
972.996.0233
[email protected]

SOURCE Parks Associates

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