Forbes August 26, 2024
People who are interested in their personal fitness continually look for ways to improve in all areas that impact their wellness – from better nutrition, better sleep, practicing mindfulness and meditation, to improved insights on their overall health. It comes as little surprise then that the fitness and wellness industry is a massive global market, with AI not surprisingly aiming to make a similarly big impact. According to a study from McKinsey the global wellness market is estimated to be at more than $1.5 trillion, with annual growth of 5 to 10 percent.
Technology has long played a role in the fitness industry. However, existing non-cognitive technology approaches such as basic calorie trackers or step counters can only provide so...