Creating Connected Communities for Aging Well
Can technology and the way we develop connections to our communities help Americans meet their aspirations to live independently in their own homes as they get older? The technology market for both aging well as well as smart appliances and smart homes is rapidly growing. However, older Americans can’t envision how new technologies, beyond those familiar to them, can help them remain self sufficient. At the same time, residential and commercial developer don’t see the market opportunity to integrate technology into their homes and commercial projects to benefit from the Boomer market until 10-15 years from now.
The Global Social Enterprise Initiative and Philips, the health and well-being company, conducted new research and convened cross-sector stakeholders to better understand how technologies being developed for inside the home such as remote monitoring, sensors, and energy efficient devices, are connecting with products and services offered by local businesses, community services, and the “built space.”
Philips and GSEI surveyed Americans ages 50-80 and interviewed residential and commercial developers to understand their thoughts and expectations around using technology to connect people from homes to resources in the community to stay independent as they age.
Study: Older, but not always wiser
Boomers are not considering steps to remain independent as they age. 96% of U.S. respondents say it’s important to be as independent as possible as they get older; only 21% plan to incorporate technology solutions.
Held on May 13, 2014 at the Georgetown’s McDonough School of Business, this session is the second of three Aging Well experts roundtable series hosted by GSEI and Philips.