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Comment
Hi Jules, Thanks for your response.
The last paragraph of your comment speaks volumes about the current status, yes there is money to be made but evidently we need to have a foolproof mechanism of IOT devices deployment and its perfect use case before we start working on deployment of IOT devices for dementia patients.
Good summary of the opportunity, thank you both as someone interested in the area and someone who has an elderly mother going through the early to mid stage of dementia.
Just to add a little to this, one of the key aspects is providing the means for people to stay in their own home as opposed to going into a nursing home. It may be surprising, but the main cause (at least in the UK) of people going into care homes is their loss of confidence in safety and security at home. Typical problems that cause this are their ability to remember things like locking the door, turning off the cooker, leaving windows open and such like, rather than what we might think is a bigger issue of, say, mobility.
There is also an important cost implication to the individual and the state of someone going into a nursing home: in the UK a few years ago the figure was an additional £1k per week in costs, so it's obvious there's a market there, isn't it? Unfortunately in the UK there is an issue that the budgets for health care and social care are not connected, so keeping someone at home would cost the social budget money, but benefit the health budget. Crazy. (and apologies for all the bureaucracy the UK exported to you in earlier times....!)
Lastly, the important thing is to make the deployment, use and security of IoT devices easy; it's alright having some whizzy tech that can do all sorts of great things, but if it's hard to deploy, isn't easy to use and has security issues, it won't fly as a product. There's a massive opportunity to both improve lives and create wealth, so get out there and do it!
Keep it up. Very good information shared by you. Thanks