Wearable technology has come a long way since the first wristwatch was made by Patek Philippe & Co of Switzerland in 1868. Today, wearable devices can monitor our health, track our diets -- and potentially save our lives.
Despite Nike's recent decision to lay of staff from its FuelBand wearable tech division, the market potential of the wearable tech industry still seems to be huge, with Juniper Research recently stating that revenues from smart wearable devices will hit $19 billion by 2018.
San Francisco based Jawbone has been working in the wearable tech industry for more than 10 years. The company's wearable products compile vast amounts of data, tracking our every move and telling us where we're going wrong in our lives.
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"We design and deliver products that affect the way you live," Bandar Antabi, Vice President, Jawbone, told CNBC.com in a phone interview.
"Our belief is that our products enhance your lifestyle, and they make your daily experiences even more enjoyable…we do this by intersecting beautiful design, hardware that fits on you or around you, software that's really simple to use but also intelligent, and data," Bantabi added.
Using sensors and algorithms, the company's UP – launched in 2011 – and recently released UP24 wrist bands promise to log the minute details that matter.
"We've created this band you basically wear and forget: it's been designed to disappear," Antabi said. "It tracks your steps and tells you how many steps you've taken. When you go to sleep at night it tracks your sleep," he added.
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So far, according to Antabi, Jawbone's UP devices have tracked almost 600 billion steps and 60 million hours of sleep. How, then, does the company's technology take this vast amount of data and make it relevant?
"One of the features of our system is called Insights," Antabi said. "These insights are cards that show up on the front of your [phone] screen when you go into the application, and provide you with information that is personal and unique to you based on your data."
Once they've got this data, users are then able to find out what they are doing right and what they are doing wrong, with helpful tips and suggestions provided by Jawbone.