As it’s well known, senior citizens are going to overwhelm the population in the next decade and hearing aid technology is pretty old school as startups go. CAGR of 14.6% by 2020 and likely continual growth as the boomers really settle into retirement up to 2030. The current market is a mere four major players who are slow to update and generally outdated. Design something better, maybe make it play music from the iPhone 7. Lots of cool future tech to throw inside.
Welcome to the big two-oh!
Each and every week, expect three main items from us – broad opportunities (we’re constantly researching what kind of big opportunities are out there), great companies for sale, and premium domains available for your next project. There are so many amazing opportunities in this world – some have your name on them.
- Data collection. We have offline and IoT sensors as industrial hardware that needs to be designed to attach to various applications.
- Data storage. This is all the cloud level stuff, the databases and backend of actually maintaining the sheer vastness of inputs for reasonable and useful output.
- Data presentation. This is the frontend UI level. In the past it’s been monitored by central control rooms, but increasingly we’re seeing more in-field tablet applications for showing the data to the foremen on the ground directly.
- The future: this is where it gets cool. While not entirely new, the processing power needed makes it much more practical with modern tech. AR (Alternate Reality) for showing data as an overlay to the actual factory, or objects in real time. Not just for catching Pokemon!
And naturally, there are opportunities for all types of designers and makers inside that, from hardware to software, from UI to UX to game developers to PaaS, SaaS and HaaS entrepreneurs. Then, the human side: employee training and safety, regulations and standards moving forward to smooth out the industry and scale it on common ground platforms.
Oh, and maybe make a better UI than the one shown above – this isn’t a movie.