Design Thinking with Wearable Tech

If there was an exact amount of time to know when you are flogging a dead horse in your new or current venture, then life would be easy, right? While starting a business, it’s easy to go for the cheap and easy fix. You’re excited, optimistic, and chomping at the bit and fall into the trap of inefficient solutions.

On average in the field of wearable technologies, new businesses invest around 1-2 years before figuring out if their solutions are desired by the market. Lack of market knowledge and the failure to differentiate between good solutions and bad solutions often lead to a huge loss of time and money in the early journey of a business.

The concept of design thinking is very prevalent in the early phase of wearables’ product designing. Design thinking is a non-linear, iterative process that teams use to understand users, challenge assumptions, redefine problems and create innovative solutions to prototype and test. These days huge importance is given to the early stages of product design and development, and the identification of scalable business solutions. This can help small businesses save a lot of money and help them with a quick exit strategy in case of a nonscalable business solution.

In this edition of “Wear It Live” we invite experts from all related fields to discuss the importance of identifying scalable business solutions in the very early stages of the lifecycle of a successful wearable device