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Aging Population
and the Internet
of Caring Things
Susann Keohane / Nicola Palmarini
Just a bit of
(105 years of)
history
Diversity & Caring
are in our DNA
1914 / Rights for the disabled
1935 / Equal Pay
1937 / China
1943 / Our first woman VP
1953 / Policy Letter #4
1984 / Workplace LGBT equality
Trends behind:
Smart cities &
demographic revolution
Photo/Toby Batchelor
Photo/Toby Batchelor
Photo/Toby Batchelor
Life is not
a rendering
«The challenge is converting
a world built by and for the young into a world that supports
and engages population that live 100 years and beyond».
Laura Carstensen, professor of psychology and director of the Stanford Center, Time magazine February 23, 2015
Source: Booz&Co. New Demographics
Shaping a Prosperous Future as Countries Age, 2011
• Market for aging population is a >$20 Trillion WW
opportunity.
• US – Estimated assets for this demographic $8.4 to
$11.6 Trillion
• Aging in Place technological solutions can reduce
cost per Elder by $40K - $125K per year
• US - Elder fraud accounted for $36 Billion in losses
in 2014
• US Govt spent over $3 Billion to expand home-
and community-based services for the Elders
in 2015
• Rising Eldercare costs will disrupt economies 6% of
US GDP will account for social service costs for the
Elder. Double the current percentage.
Japan
Italy
Germany
Ireland
China
Brazil
US
India
Egypt
World
PercentageofPopulation65yearsandolder
2015
https://www.cbo.gov/publication/45543
http://datatopics.worldbank.org/hnp/popestimates
Muscles at 40
All of us lose muscle
and gain fat
Eyes at 40
Range of sight
declines
Brain at 70
Cognitive decline
accelerates
Ears at 60
Hearing loss
accelerates
Low vision,
blindness
Motion disability,
wounded people,
rehab
Cognitive disability,
Dislexya, autism
Deaf, low hearing,
associated cognitive
disability
Source: Time Magazine
Aging Population
& the Internet
of Caring Things
At heart, human beings have a set
of unchanging, fundamental
needs and wants.
•Physical health
•Mental wellbeing
•Safety and security
•Connection to loved ones
Source: IBM, Trendwathcing
IoCT
Definition
A network of connected objects
(devices, sensors) and cognitive systems with
a clear mission: to actively care for people –
their physical and mental wellbeing, homes,
loved ones ..
Source: IBM, Trendwathcing
...and…
when applied to the aging - to allow family
members, doctors and caregivers to proactively
monitor the health and well-being of the world's
aging population.
Source: IBM, Trendwathcing
At last, smart objects
that put people first.
Source: IBM, Trendwatching
Why now?
•The aging trend
•Cheaper and more efficient wireless
connectivity chips
•Rising adoption of cloud
•Ultra-precise geo-location
•The crowdfunding revolution
•Cognitive Era
Source: IBM, Trendwatching
Internet of
healthy things
Internet of
Security things
August Smart Lock
Internet of
mindful things
Story told to
subject
Immediate
recall
After 5 minutes
Internet of family
things
•Heightened expectations of care
•Unstructured data
•Rising privacy Concerns
•New business models
The future
Source: IBM, Trendwatching
Can digital technologies driven by the cognitive era leverage a better
sense of care, enhancing human relations, predicting
events, involving users and caregivers and creating a
sustainable business model for the local public administration?
or
Can technology support
the pursue of dignity?
The challenge behind the City of Bolzano (Italy) project
Human Experience Unstructured Data: learning users’ behavior from ambient
Source: IBM
This scenario proves that leveraging
the power of Cognitive Computing
crucial informations can be obtained
from simple data like CO or CO2.
Care is getting an attention as never
before by the market (start-ups included)
The value of unpaid care nationwide at $691
billion in 2012, roughly 4.3 percent of the
country's GDP. That figure could rise to
$838.8 billion by 2050.
1/3rd of the U.S. population are informal caregivers
and collectively provide about 1.2 billion hours of unpaid work weekly
The rise of new business models Market opportunity
Source: AARP, Honor
@skeohane1@nipalm
Thank youRead more at www.ageandability.com

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Aging Population and the Internet of Caring Things

  • 1. Aging Population and the Internet of Caring Things Susann Keohane / Nicola Palmarini
  • 2. Just a bit of (105 years of) history
  • 3. Diversity & Caring are in our DNA 1914 / Rights for the disabled 1935 / Equal Pay 1937 / China 1943 / Our first woman VP 1953 / Policy Letter #4 1984 / Workplace LGBT equality
  • 4. Trends behind: Smart cities & demographic revolution
  • 5.
  • 9. «The challenge is converting a world built by and for the young into a world that supports and engages population that live 100 years and beyond». Laura Carstensen, professor of psychology and director of the Stanford Center, Time magazine February 23, 2015
  • 10. Source: Booz&Co. New Demographics Shaping a Prosperous Future as Countries Age, 2011
  • 11. • Market for aging population is a >$20 Trillion WW opportunity. • US – Estimated assets for this demographic $8.4 to $11.6 Trillion • Aging in Place technological solutions can reduce cost per Elder by $40K - $125K per year • US - Elder fraud accounted for $36 Billion in losses in 2014 • US Govt spent over $3 Billion to expand home- and community-based services for the Elders in 2015 • Rising Eldercare costs will disrupt economies 6% of US GDP will account for social service costs for the Elder. Double the current percentage. Japan Italy Germany Ireland China Brazil US India Egypt World PercentageofPopulation65yearsandolder 2015 https://www.cbo.gov/publication/45543 http://datatopics.worldbank.org/hnp/popestimates
  • 12. Muscles at 40 All of us lose muscle and gain fat Eyes at 40 Range of sight declines Brain at 70 Cognitive decline accelerates Ears at 60 Hearing loss accelerates Low vision, blindness Motion disability, wounded people, rehab Cognitive disability, Dislexya, autism Deaf, low hearing, associated cognitive disability Source: Time Magazine
  • 13. Aging Population & the Internet of Caring Things
  • 14. At heart, human beings have a set of unchanging, fundamental needs and wants. •Physical health •Mental wellbeing •Safety and security •Connection to loved ones Source: IBM, Trendwathcing
  • 15. IoCT Definition A network of connected objects (devices, sensors) and cognitive systems with a clear mission: to actively care for people – their physical and mental wellbeing, homes, loved ones .. Source: IBM, Trendwathcing
  • 16. ...and… when applied to the aging - to allow family members, doctors and caregivers to proactively monitor the health and well-being of the world's aging population. Source: IBM, Trendwathcing
  • 17. At last, smart objects that put people first. Source: IBM, Trendwatching
  • 18. Why now? •The aging trend •Cheaper and more efficient wireless connectivity chips •Rising adoption of cloud •Ultra-precise geo-location •The crowdfunding revolution •Cognitive Era Source: IBM, Trendwatching
  • 21. Internet of mindful things Story told to subject Immediate recall After 5 minutes
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  • 25. •Heightened expectations of care •Unstructured data •Rising privacy Concerns •New business models The future Source: IBM, Trendwatching
  • 26. Can digital technologies driven by the cognitive era leverage a better sense of care, enhancing human relations, predicting events, involving users and caregivers and creating a sustainable business model for the local public administration? or Can technology support the pursue of dignity? The challenge behind the City of Bolzano (Italy) project
  • 27. Human Experience Unstructured Data: learning users’ behavior from ambient Source: IBM This scenario proves that leveraging the power of Cognitive Computing crucial informations can be obtained from simple data like CO or CO2.
  • 28. Care is getting an attention as never before by the market (start-ups included) The value of unpaid care nationwide at $691 billion in 2012, roughly 4.3 percent of the country's GDP. That figure could rise to $838.8 billion by 2050. 1/3rd of the U.S. population are informal caregivers and collectively provide about 1.2 billion hours of unpaid work weekly The rise of new business models Market opportunity Source: AARP, Honor
  • 29. @skeohane1@nipalm Thank youRead more at www.ageandability.com