Bringing lidar to home care for aging people

IBM (IBM) has teamed up with Cera Care, a London-based, technology-driven home care company, to explore the use of autonomous car technology in elderly home care.

Starting next month, IBM and Cera Care will begin testing whether lidar technology can be used to improve home care for elderly people. Lidar laser sensors are used in a variety of areas, and more recently, they’ve become crucial components in autonomous driving. For example, Waymo’s self-driving vehicles use lidar sensors to help them “see” as they navigate through traffic. Lidar technology is so important to the autonomous driving world that it was at the center of a high-profile legal dispute that erupted between Waymo and Uber Technologies (UBER) a few years ago. Waymo is in the Alphabet (GOOGL) corporate family, which also includes Google.

IBM Wants to Transform Senior Homes with Vehicle Technology

Helping the world age well

IBM and Cera Care will be setting out to see if lidar technology can be adopted in senior homes to help alert caregivers of possible emergency situations, such as falls.
According to data from the United Nations, the population of elderly people (those aged 60 years or above) is expanding rapidly. The data show that there were 962 million elderly people worldwide in 2017, and the number is projected to swell to 2.1 million by 2050. There are expected to be 3.1 million elderly people in the world by 2100.

Comcast (CMCSA), whose traditional pay-TV market is shrinking and who this month agreed to sell its 33% stake in Hulu to the Walt Disney Company (DIS) at a later date, is also eyeing the home care market. The company is developing a device that caregivers or hospitals can use to remotely monitor changes in the health conditions of patients from home, according to a CNBC report.

Latest articles

This year, Pfizer (PFE) stock has fallen 0.34% and Bristol-Myers Squibb (BMY) stock has fallen 6.48%. Both companies are focused on strengthening their position in the high-growth oncology and immunology markets. Let's take a closer look at each.

Walt Disney’s (DIS) latest movie, Toy Story 4, has reportedly broken records in the opening weekend with $118 million in sales. However, the opening weekend collection was behind analysts’ expectations of at least $150 million in the first weekend.

24 Jun

Will Home Depot’s Upward Momentum to Continue?

WRITTEN BY Rajiv Nanjapla

As of June 21, Home Depot (HD) was trading at $209.39, which implies a rise of 9.7% since the announcement of its first-quarter earnings on May 21. Also, the company was trading at a premium of 32.4% from its 52-week low of $158.09 and a discount of 2.8% from its 52-week high of $215.43.

On June 21, Aurora Cannabis (ACB) made an announcement that indicated that it will move towards higher margin vape products. In addition, the company also believes concentrates and edibles will command higher margins. In anticipation of this development, the company announced the expansion of its facility to capitalize on growth related to these segments.

Shares of Mondelēz International (MDLZ) are scaling new heights thanks to its stellar gains so far this year. Mondelēz stock is up 38.0% on a YTD (year-to-date) basis, and it closed at $55.25—just a shade lower than its 52-week high of $55.71—on June 21.

24 Jun

How Long Will Facebook's Libra Fuel Bitcoin Rally?

WRITTEN BY Mayur Sontakke, CFA, FRM

Ever since the news about Facebook’s (FB) cryptocurrency project broke, Bitcoin has rallied on the hope that Facebook’s entry in the space will help make cryptocurrencies mainstream. Facebook’s cryptocurrency will be called Libra and will be governed by an association with 28 founding members across industries.