I just had a read through the technology for a friend of mine who’s soon going to be ex shareholder. This a $20 million company with what exactly?
The barriers to entry for developing technology like this are extremely low and if there was any economic value in the idea then Apple and Fitbit could roll this out to their existing hardware consumers overnight. Apple and Fitbit already measure circadian heart rhythm and have developed numerous algorithms using this data. This is second year university programming project not a $20 million public company.
The liability for an employee wearing a device that potentially impacts their employment and insurance far outweighs the purported benefits to the individual’s health. If you know someone with depression and/or anxiety then you’ll know they don’t need a watch to diagnose the issue.
FDA approval is irrelevant even if it is granted. It doesn’t mean anything unless you can generate revenue.
Once again, if the economics could be exploited then Apple and Fitbit would be doing it already because they have superior technology, branding and significant market penetration. The math behind the algorithms is basic.
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