Wearables start-ups urged to forge open platforms, monetise data to thrive in IoT era

Hong Kong is hunting for more success stories among local wearables start-up such as The Glassy Zone, the world’s first piece of wearable technology specifically designed for surfers. Photo: Handout

Start-ups that create wearables and other smart gadgets must develop open platforms and consider how to monetise the data they collect if they want to succeed in the emerging era of the Internet of Things and connected devices, according to experts.

Christina Bechhold, an investor with Samsung’s Global Innovation Centre, said companies developing IoT product can make money by selling hardware and opening up their data to developers.

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