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5 Reasons You Should Buy a Smartband Instead of a Smartwatch

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5 Reasons You Should Buy a Smartband Instead of a Smartwatch


Did you know 1 in 5 Americans wear a smartwatch daily? Wearable technology usage has skyrocketed over the last few years, experiencing a 100% jump from 2016 to 2019. The global wearable tech market was valued at $61.3 billion in 2022 and is expected to grow 14% from 2023 to 2030. Consumers are increasingly comfortable wearing connected technology to track and monitor their health and fitness, from smartwatches to AirPods to cardiovascular monitors. As 74% of Americans are overweight, and 60% have a chronic health condition, these wearable monitors provide peace of mind, motivation, and more immediate access to medical information.

Within the wearable technology category, there are many different innovations, like smart glasses, smart rings, smart shoes, and smart clothing. Two other popular pieces are smartbands and smartwatches. While they sound similar, they are very different regarding features and usage.

Similarities Between Smartbands and Smartwatches

One of the biggest similarities between smartbands and smartwatches is that they are worn on the wrist and look visually similar at first glance. Both can be synced to your mobile device and require some electrical charging.

Differences Between Smartbands and Smartwatches

While smartbands and smartwatches are somewhat similar, consumers who love wearable technology probably have a strong opinion of one or the other, depending on their use. Smartbands like Fitbits or Garmin fitness bands are often fitness-focused. These allow you to track your heart rate and view calories burned, steps walked, or blood oxygen level. Smartbands are typically less expensive, and their bands are often simple silicone.

Smartwatches are bigger with significantly more functionality

On the flip side, smartwatches are often bigger and more expensive but have significantly more functionality. Smartwatches are all-in-one regarding fitness tracking, communication, messaging, apps, and more. The displays are often touchscreen-enabled with vibrant coloring and visuals, whereas smartbands offer simpler displays. Smartwatch bands might be leather or even look like fashionable bracelets.

And smartwatches like the Apple Watch Series 8 allow you to call friends, tune in to business meetings, and text family members right from your wrist.

5 Reasons to Buy a Smartband Instead of a Smartwatch

However, when it comes to purchasing one of the other, smartbands often stand high above smartwatches for a few reasons.

1. Extended Battery Life

Smartwatches can have extremely long battery life, like the Garmin Fenix 6X Pro, which lasts 21 days, or the Fitbit Versa 3, which can go for six days without a charge. On battery-saving mode, options like the Garmin Fenix 6X Pro can stay charged for 80 days. The PowerWatch Series 2 is an option that charges via body heat, so you never have to plug it in.

2. Better Health Monitoring

Because smartbands are fitness-focused, they often include significantly more advanced health features. The Fitbit Charge 5 has a built-in ECG app, which can notify users of atrial fibrillation and an EDA sensor that measures stress. The Honor Band 5 monitors and reports on sleep quality with its TruSleep Technology, analyzes sleep habits and even provides suggestions for a better night’s rest. The Xiaomi Mi Band 7 offers advanced workout metrics like VO₂ max professional workout analysis. When it comes to health monitoring, smartbands are the superior option.

3. More Reliable Waterproofing

Waterproofing is also a common feature in smartbands. The Xiaomi Mi Band 7 offers 5ATM water resistance, and the Garmin Swim 2 is completely waterproof in the pool and open water while still tracking heart rate, distance, pace, and stroke count. The SKG V7 has a water-resistant depth of 50 meters, making it fully submersible.

4. Increased Comfort

With smaller displays and lighter weights, smartbands are often more comfortable than clunky smartwatches. The average smartband only weighs a handful of grams, making it comfortable at night for sleep tracking or daily wear on the go. One of the lightest smartbands is the Xiaomi Mi Band 3i1, weighing just 38.2 grams.

5. More Accessible Price

Depending on the technology capability, battery life, and brand name, smartbands can vary significantly in price but are often cheaper than smartwatches. Smartbands like the Xiaomi Mi Band 6 are as low as $40, and the feature-packed Fitbit Charge 5 is only $150. This is significantly less than the Apple Watch Series 8, which starts at around $399 for a base model and goes as high as $799 without accounting for add-ons. Luxury brands have joined the smartwatch game, like the TAG Heuer Carrera Connected at $1,500 or the gold Apple Watch edition at $17,000. At their cheaper price point, smartbands are more accessible to the average consumer.

Featured Image Credit: Photo by Ingo Joseph; Pexels; Thank you!

Charlene Wan

VP of Branding, Marketing & Investor Relations

Charlene Wan, VP of Branding, Marketing & Investor Relations, Ambiq.
Wan is an experienced marketing and communications executive with a successful track record in the technology industry on a global scale. She is skilled in branding, go-to-market strategy, media relations, executive communications, and social media.

Politics

Fintech Kennek raises $12.5M seed round to digitize lending

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Google eyed for $2 billion Anthropic deal after major Amazon play


London-based fintech startup Kennek has raised $12.5 million in seed funding to expand its lending operating system.

According to an Oct. 10 tech.eu report, the round was led by HV Capital and included participation from Dutch Founders Fund, AlbionVC, FFVC, Plug & Play Ventures, and Syndicate One. Kennek offers software-as-a-service tools to help non-bank lenders streamline their operations using open banking, open finance, and payments.

The platform aims to automate time-consuming manual tasks and consolidate fragmented data to simplify lending. Xavier De Pauw, founder of Kennek said:

“Until kennek, lenders had to devote countless hours to menial operational tasks and deal with jumbled and hard-coded data – which makes every other part of lending a headache. As former lenders ourselves, we lived and breathed these frustrations, and built kennek to make them a thing of the past.”

The company said the latest funding round was oversubscribed and closed quickly despite the challenging fundraising environment. The new capital will be used to expand Kennek’s engineering team and strengthen its market position in the UK while exploring expansion into other European markets. Barbod Namini, Partner at lead investor HV Capital, commented on the investment:

“Kennek has developed an ambitious and genuinely unique proposition which we think can be the foundation of the entire alternative lending space. […] It is a complicated market and a solution that brings together all information and stakeholders onto a single platform is highly compelling for both lenders & the ecosystem as a whole.”

The fintech lending space has grown rapidly in recent years, but many lenders still rely on legacy systems and manual processes that limit efficiency and scalability. Kennek aims to leverage open banking and data integration to provide lenders with a more streamlined, automated lending experience.

The seed funding will allow the London-based startup to continue developing its platform and expanding its team to meet demand from non-bank lenders looking to digitize operations. Kennek’s focus on the UK and Europe also comes amid rising adoption of open banking and open finance in the regions.

Featured Image Credit: Photo from Kennek.io; Thank you!

Radek Zielinski

Radek Zielinski is an experienced technology and financial journalist with a passion for cybersecurity and futurology.

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Politics

Fortune 500’s race for generative AI breakthroughs

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Deanna Ritchie


As excitement around generative AI grows, Fortune 500 companies, including Goldman Sachs, are carefully examining the possible applications of this technology. A recent survey of U.S. executives indicated that 60% believe generative AI will substantially impact their businesses in the long term. However, they anticipate a one to two-year timeframe before implementing their initial solutions. This optimism stems from the potential of generative AI to revolutionize various aspects of businesses, from enhancing customer experiences to optimizing internal processes. In the short term, companies will likely focus on pilot projects and experimentation, gradually integrating generative AI into their operations as they witness its positive influence on efficiency and profitability.

Goldman Sachs’ Cautious Approach to Implementing Generative AI

In a recent interview, Goldman Sachs CIO Marco Argenti revealed that the firm has not yet implemented any generative AI use cases. Instead, the company focuses on experimentation and setting high standards before adopting the technology. Argenti recognized the desire for outcomes in areas like developer and operational efficiency but emphasized ensuring precision before putting experimental AI use cases into production.

According to Argenti, striking the right balance between driving innovation and maintaining accuracy is crucial for successfully integrating generative AI within the firm. Goldman Sachs intends to continue exploring this emerging technology’s potential benefits and applications while diligently assessing risks to ensure it meets the company’s stringent quality standards.

One possible application for Goldman Sachs is in software development, where the company has observed a 20-40% productivity increase during its trials. The goal is for 1,000 developers to utilize generative AI tools by year’s end. However, Argenti emphasized that a well-defined expectation of return on investment is necessary before fully integrating generative AI into production.

To achieve this, the company plans to implement a systematic and strategic approach to adopting generative AI, ensuring that it complements and enhances the skills of its developers. Additionally, Goldman Sachs intends to evaluate the long-term impact of generative AI on their software development processes and the overall quality of the applications being developed.

Goldman Sachs’ approach to AI implementation goes beyond merely executing models. The firm has created a platform encompassing technical, legal, and compliance assessments to filter out improper content and keep track of all interactions. This comprehensive system ensures seamless integration of artificial intelligence in operations while adhering to regulatory standards and maintaining client confidentiality. Moreover, the platform continuously improves and adapts its algorithms, allowing Goldman Sachs to stay at the forefront of technology and offer its clients the most efficient and secure services.

Featured Image Credit: Photo by Google DeepMind; Pexels; Thank you!

Deanna Ritchie

Managing Editor at ReadWrite

Deanna is the Managing Editor at ReadWrite. Previously she worked as the Editor in Chief for Startup Grind and has over 20+ years of experience in content management and content development.

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Politics

UK seizes web3 opportunity simplifying crypto regulations

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Deanna Ritchie


As Web3 companies increasingly consider leaving the United States due to regulatory ambiguity, the United Kingdom must simplify its cryptocurrency regulations to attract these businesses. The conservative think tank Policy Exchange recently released a report detailing ten suggestions for improving Web3 regulation in the country. Among the recommendations are reducing liability for token holders in decentralized autonomous organizations (DAOs) and encouraging the Financial Conduct Authority (FCA) to adopt alternative Know Your Customer (KYC) methodologies, such as digital identities and blockchain analytics tools. These suggestions aim to position the UK as a hub for Web3 innovation and attract blockchain-based businesses looking for a more conducive regulatory environment.

Streamlining Cryptocurrency Regulations for Innovation

To make it easier for emerging Web3 companies to navigate existing legal frameworks and contribute to the UK’s digital economy growth, the government must streamline cryptocurrency regulations and adopt forward-looking approaches. By making the regulatory landscape clear and straightforward, the UK can create an environment that fosters innovation, growth, and competitiveness in the global fintech industry.

The Policy Exchange report also recommends not weakening self-hosted wallets or treating proof-of-stake (PoS) services as financial services. This approach aims to protect the fundamental principles of decentralization and user autonomy while strongly emphasizing security and regulatory compliance. By doing so, the UK can nurture an environment that encourages innovation and the continued growth of blockchain technology.

Despite recent strict measures by UK authorities, such as His Majesty’s Treasury and the FCA, toward the digital assets sector, the proposed changes in the Policy Exchange report strive to make the UK a more attractive location for Web3 enterprises. By adopting these suggestions, the UK can demonstrate its commitment to fostering innovation in the rapidly evolving blockchain and cryptocurrency industries while ensuring a robust and transparent regulatory environment.

The ongoing uncertainty surrounding cryptocurrency regulations in various countries has prompted Web3 companies to explore alternative jurisdictions with more precise legal frameworks. As the United States grapples with regulatory ambiguity, the United Kingdom can position itself as a hub for Web3 innovation by simplifying and streamlining its cryptocurrency regulations.

Featured Image Credit: Photo by Jonathan Borba; Pexels; Thank you!

Deanna Ritchie

Managing Editor at ReadWrite

Deanna is the Managing Editor at ReadWrite. Previously she worked as the Editor in Chief for Startup Grind and has over 20+ years of experience in content management and content development.

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