Innovation Project: Wearable Sensor Real-time Monitoring Platform

This assignment showcases a student's innovation project focused on a wearable sensor real-time monitoring platform, specifically a 'Gaitshoe'. The project begins with a prototyping phase, detailing three different prototypes incorporating biosensors and technologies like GPS, RFID, AI, and IoT for health monitoring and data collection. It proceeds to a market analysis using Porter's Five Forces to assess the product's competitive landscape. The document then delves into implementation and commercialization strategies, emphasizing scalability and sustainability at a national level. The student defines key performance indicators (KPIs) to measure the project's success. The project highlights the integration of hardware (Flexsense) and software solutions for real-time health data collection and analysis, aiming to improve patient care and daily health routines.

Running head: INNOVATION AND BUSINESS DEVELOPMENT
INNOVATION AND BUSINESS DEVELOPMENT
Name of the Student
Name of the University
Author Note

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Table of Contents
Prototyping phase............................................................................................................................2
Prototype 1:..................................................................................................................................3
Prototype 2:..................................................................................................................................4
Prototype 3:..................................................................................................................................5
Market analysis (porter 5 forces).....................................................................................................6
Implementation and commercialization..........................................................................................9
Commercialization.......................................................................................................................9
Diffusion of innovation..............................................................................................................10
Scalability and Sustainability........................................................................................................11
Performance management.............................................................................................................15
References......................................................................................................................................19

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Prototyping phase
Prototyping phase is considered as one of the crucial phase as this helps in managing the
different components of a system. With the development of a wearable sensor it will become
easy to have real time monitoring plan. This will ensure that better service is offered towards the
patients. The aim of describing the prototype phase is to state the key phases that are included
within the medical devices for the purpose of enhancing the performance. The balance and
weight sensor technology has gained a huge importance in the medical field as this helps in
ensuring that proper support has been offered towards the patients. The medical applications that
are offered with this technology is that it helps in identifying the blood transfusion bag and also
focuses on converting the force weight and force into electrical signal. The software that are
essential for designing the system includes GPS, RFID, AI and IoT. Thus with the help of an
effective system it will become easy to manage the health records of the patients. The sensors are
designed in such a way that it will be able to evaluate the patient health condition by determining
the blood pressure, the workouts and the other daily activities.
The prototypes are designed for the purpose of enhancing the performance. The different
prototypes are designed with the aim of offering a better healthcare feature towards the
customers. The shoes are designed with the aim of ensuring that proper support is maintained for
ensuring better support towards the patients. This ensures that better resolution with high power
has been offered so that it can ensure that the efficiency has increased. Thus while designing a
wearable device for managing the patients’ health the use of Flexsense is highly recommended as
this will ensure that the shoe has become more effective and protective towards the users.

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Prototype 1:
This stage depicts design and implementation of a prototype in terms of biosensor specifically
for shoes. Self health status evaluation will become easier for the users with the help of this
software based sensor application. In this stage this biosensor will be designed that can be
integrated to the shoes. Most of the wearable sensors are generally designed and implemented for
healthcare monitoring. Thus, the software that is needed for storing the data related to the
patients is cloud storage. Cloud storage application has the potential to maintain better database
and also ensures that each data has the potential to enhance the performance. The major benefits
that will be offered with the help of cloud computing in the biosensor shoes is that it will reduce
the IT costs and will ensure that better flexibility are offered towards the shoes so that the data
can be stored efficiently. This will ensure that the data are tracked and recorded efficiently for
the purpose of determining the health conditions. The treatment can be enhanced with the help of
effective design.

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Prototype 2:
The second prototype that is selected for the purpose of enhancing the health conditions
are PVDF strips that will be designed with the help of piezoelectric sensors. The main aim
behind selecting this prototype is that it allows the user to have fast response time. This also
offers a better relaxation feature on the sensor. Thus it can be stated that with the help of bi-
directional bend sensors it will become easy to manage the health conditions. The shoe will be
designed with all the necessary technologies and sensor so that it can offer a better support
towards organizing the health conditions. Piezoelectric sensors are mainly used for the purpose
of determining the changes that takes place within the acceleration, strain and temperature. Thus

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the implementation of sensors will be able to enhance the way data are collected for the wearable
devices. The software that is used for the purpose of managing the health data and tracking the
user data are using RFID and GPS. With the help of GPS it will become easy to evaluate the
number of areas travelled by the users. The main aim of designing the prototype is to have a
clear knowledge about the health condition of the user.
Prototype 3:
The wearable sensor will be composes of a biosensor system, transducer and an output
system as well. Only with specific substance this biosensors will react or work. The outcomes
are generated through microprocessor application. This type of biosensors can also be considered
as either receptor or stimuli. With the help of this software users will be able to count their steps
and amount of burnt calories. Chip, antenna coil and substrate will be used to develop the
wearable shoes. Once the shoes will be wear process of communication will also become easier.
In other word, the sensor can display, substitute human biophysics performances, treat and
stimulates. Storage will be added to the software system to store needful dat. Infact, needful data
can also be fetched from the server while required using this system. This sensor chip can
display and monitor all body activities. The software would also be able to transfer results for

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targeting the medical centers. After placing this chip in the shoes it is probable to record as well
as send all vital parameters. The data will also send all receivable signals of Global positioning
System to quickly access the incident locations. This will ensure that the data are tracked and
recorded efficiently for the purpose of determining the health conditions. The treatment can be
enhanced with the help of effective design.
Market analysis (porter 5 forces)
The wearable Gaitshoe will be developed with the help of necessary hardware and
software so that it becomes easy to track the activities that is carried out by a user. With efficient
technology it becomes essential to understand the importance of the wearable shoes. In order to
analyze the performance of the Gaitshoe in the market it is essential to determine the related
aspects with the help of proper of market analysis process.
Porter’s five forces is a model that is used for the purpose of analyzing and identifying
the five competitive forces that has the potential to shape the performance of every industry. This

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are also used for the purpose of determining the strength and weakness of a product within an
industry. With the help of this method it becomes easy to analyze the competitive environment of
a product as it offers a better support towards the organization. This offers a better support
towards the organization. The porter’s five forces that are used for the purpose of analyzing the
product are competition in the industry, power of suppliers, power of customers, potential of new
entrants into the industry and threat from the substitute products. The five forces that are used
here is with the aim of increasing the competitive advantage.
The Gaitshoe is designed with biosensors so that the capability of the shoes can be
enhanced with proper sales and profits. The power gets influenced with the use of technologies
and thus there is a need to ensure that proper analysis is carried out for managing the
performance. With the help of five forces model it becomes easy to boost the profits with the
product launch. Thus there is a need to analyze the market value effectively.
Competition in the industry
In order to enhance the products value within the market. The larger the number of
competitors within the market the lesser power is with the organization. Thus in order to gain
maximum power within the market it is essential to integrate the Gaitshoe with enhanced
features that will reduce the competition within the market.
Potential of new entrants within the industry
A market gets influenced by the new entrants and thus it becomes essential to ensure that
the product is capable enough to withstand the new entrants in the market. Gaitshoe has the
potential to improve the user health condition. This also ensures that proper support is being
offered for the purpose of engaging the customer daily health routine.

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Power of suppliers
The power of suppliers are needs to be considered as this impacts the service by
increasing the cost of inputs. The supplier needs to be engaged properly so that it can ensure that
better flow is maintained. While processing the product it is essential to ensure that the suppliers
have the ability to enhance the performance. In success of a product Gaitshoe it becomes very
much essential to ensure that the system has engaged more customers effectively. This will
enhances the profit margin.
Power of customers
Customers are the key members that are responsible for driving the market value. In
order to attract wide range of customer it becomes essential to ensure that the designed product
has the potential to meet the customer needs (Wise 2016). The designed product has the ability to
increase the profitability.
Threat of substitutes
The last force of porter five force states that the products has the potential to get
substituted by similar kind of products. Substitute goods or services that can be used in place of a
company's products or services pose a threat. It has been observed that the organization with no
or less substitute products has the potential to have better control over the market as compared to
other products. The price can be obtained well when there is no substitute product. Thus in order
to enhance the performance of the product it becomes very much essential to ensure that the
product has been developed with the key items (Wang 2014). The biosensor shoe will be capable
of providing better health support towards the users and this will ensure that the offered health
benefits are enough to meet the user needs. When close substitutes are available, customers will

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have the option to forgo buying a company's product, and a company's power can be weakened.
The product will get better benefit with less substitute in the market.
Implementation and commercialization
Commercialization
The prototype 3 aims at providing better implementation strategy for the purpose of
meeting the needs of the users. Gaitshoe has focused entirely on developing an ultrasound sensor
installation that will be able to measure the process. The main focus was to engage better way of
the designing the shoe is to ensure that the shoe is capable of collecting health related data. This
will help in engaging the patients together so that the devices and the data can be store properly
within the system. The other software that are used for engaging the users are internet of things
and cloud storage (Wang and Cheung 2019). Commercialization is essential as this is considered
as the key fact for enhancing the new product. Gaitshoe is designed with efficient software that
will engage maximum customers. The best feature that is going to be offered with the use of this
software is that it will allow the user to access all the health related data. The efficient software
will ensure that the user health related data are maintained successfully for the purpose of
ensuring that proper support is being offered.
The Gaitshoe was quite poplar due to the features that are included within the shoe. The
main feature that is designed within the shoe is that the shoe will be able to generate reflex
actions. The sensors that used within the shoe will be able to locate the health condition and will
offer a great comfort. Apart from this there are several applications of using this shoes (Wu
2017). The major benefits that are offered is that the user will be able to have a healthy lifestyle,
the user can have a better record of their health condition, will engage the user in activities that

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will benefit them. There are several sensors and software’s introduced for the purpose of
managing the data effectively within the shoes. The data will be synchronized with the mobile so
that they can get updates frequently. Monitoring for the patients will become easy and the
records can be generated successfully with less amount of time (Wahab et al. 2014). With the use
of effective software and cloud computing the data can be managed properly. The introduction of
artificial intelligence in the shoes will ensure that the shoe is capable of managing the data
effectively for the purpose off generating proper health related data.
Diffusion of innovation
Human performs wide range of activities that are needed to be organized properly so that
it can ensure that better support is provided towards them. The health conditions of the users are
mainly maintained with the use of effective technologies. This helps in identifying the use of
wearable sensors. The main aim of this proper is to identify the key benefits that will be offered
with the use of wearable sensors towards the users (Zizzo and Ren 2017). Let’s take an example
for understanding the importance of wearable sensor is that it alerts the user to take their
scheduled medicines. This are very useful for the people who needs to finish a certain dosage of
medicine. Thus it can be stated that with the use of wearable device it will become easy to
improve the health conditions of the users.
With an integrated wearable technology it becomes easy to manage the performance.
This will help in engaging the users with an efficient support. The health records will be stored
within the system database. This will effectively organize the activities that are carried out by
human. The main focus is to manage the health condition properly so that it can ensure a better
support towards the users.

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With the help of IOT wearable devices it becomes easy to commercialize a product with
in the market. Thus in order to enhance the performance of the product it becomes very much
essential to integrate the product with advanced technologies and software. The key benefits that
will be offered with the help of IOT technology in the healthcare is that it ensures that the health
related documents are stored successfully within the system Vorapatratorn and Nambunmee
2014). This also ensures that all the data maintained can be easily backed up for future
references. The cost needed for managing the hardware also reduces.
The key software is that will be included within the prototype three model where are
artificial intelligence for the purpose of detecting the environment and the condition of the user,
cloud computing that will be used for the purpose of offering storage facilities (Lindgren and
Bandsholm 2016). With the help of a cloud computing it will become easy to store data that will
evaluate the health condition of the users. Thus the enhanced use of the technology will make the
Gaitshoe more useful. The enhanced software facilities will engage better customer as this has
the potential to ensure better performance.
Scalability and Sustainability
3M is global innovation organization which remained under radar for long-term plans of
innovation and successes. 3M has huge significant contributions in health care, which includes
bringing several recognizable brands. Root of success of 3M is the business model, for fostering
organic growth through invention of new innovative products. Such disruptive technologies led
in producing new products as well as creation of the new industries. For fostering the growth,
3M emphasized importance of Research and Development (R&D). Long-term approach is taken
by 3M for development process of new products by generating an innovation culture which
tolerates mistakes that are made, encourages taking risks and rewards the achievements (Bocken