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Monetisation and Servitisation of Wearable Device-Derived Lived Experience Data to Establish a Community-Centric Wellbeing Ecosystem. | LitMetric

AI Article Synopsis

  • Existing healthcare systems face challenges due to the rising prevalence of mental health issues.
  • Wearable devices like smartwatches present a chance to collect valuable lived experience data related to mental health.
  • A health data marketplace allows individuals to sell their wearable-derived data to researchers and other professionals, providing a way to financially benefit from their health experiences.

Article Abstract

Existing healthcare systems are struggling to cope with the rapid increase in mental health diseases. Wearable devices such as smartwatches introduce a new opportunity in this regard. The realisation of this opportunity depends on the engagement of the community in sharing their lived experience data. A health data marketplace is introduced in this regard, where individuals can monetise their wearable device-derived lived experience data by selling it to consumers such as researchers, medical practitioners, and artificial intelligence service providers.

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Source
http://dx.doi.org/10.3233/SHTI240911DOI Listing

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