Opinion | Importance of health data privacy and protection in India
While concerns around accuracy have to be addressed, the benefits of wearable technology cannot be overstated. It is, however, crucial that firms operating in this space exercise significant care when collecting, processing and storing health data.
Wearable technology presents many compelling opportunities for improving healthcare. The use of wearables can enable healthcare consumers to analyze their biomarkers, receive digital coaching services and benefit on their insurance plans. It also enables the medical community to use biomarker analysis in prognosis and treatment over symptom analysis. The technology will lead to paradigm shifts in the healthcare industry from a ‘sick-care’ model to a preventive or wellness-based model.