Do you own a JawboneUP or other wearable device? If so, then some sensitive data about you and your activities may be being transferred to the cloud. This has a number of customers of internet providers understandably concerned. Currently, it’s estimated that the number of Americans using wearable technology is approximately 5 million. But some are saying it’s more of a win-win than companies making money off of our health and wellness data.
Looking at it from a product perspective, those who purchase wearable technology are just like those who buy computer programs – the sending of user data to the company means future improvements to those programs. But a more sinister future is seen by some, with our own data potentially being used against us by companies who use health statistics to provide loans and insurance policies.