Here's Why Elder Care May Be The Next Billion Dollar Technology Opportunity - Forbes

http://www.forbes.com/sites/michaelwolf/2014/04/24/heres-why-elder-care-may-be-the-next-billion-dollar-technology-opportunity/2/

Here's Why Elder Care May Be The Next Billion Dollar Technology Opportunity

We are still early in the game. There is lots of investment in the elder care space today, with over 138 companies listed under this category on startup financing and equity raising site, AngelList.  Large cable providers, who are already delivering smart home services today, are likely to start to delivering targeted elder-care services in the next 12-24 months.

The Internet of things space, which is getting lots of buzz and investment, will reshape many industries over the next decade. Elder care is likely one industry that will experience some of the biggest changes, as costs are high, demand is increasing, and emerging technology is directly applicable at nearly every layer of the market.

Michael Wolf consults to Fortune 500 companies and startups in the smart home and Internet of Things space as chief analyst at NextMarket Insights. You can follow him on Twitter, read his blog  or subscribe to his weekly newsletter.

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