This report provides a comprehensive analysis of the evolution of wearable technology, examining its applications, advantages, and disadvantages in the business landscape. It delves into ethical considerations, including security concerns and privacy risks, and explores the positive and negative economic effects of wearable devices. The report also discusses public opinion and political influences affecting the acceptance of this technology. Furthermore, it investigates the historical trends and future direction of virtual reality (VR) as a key aspect of wearable technology, highlighting its potential applications in business analytics. The study emphasizes the importance of strategic planning and risk assessment for organizations considering the adoption of wearable technology to mitigate potential security breaches and ensure responsible implementation. This student contributed document is available on Desklib, a platform offering a wide range of study tools and resources.