The two conferences focus on pension topics

With the deepening of China’s ageing population, pensioning has become a major livelihood issue. In particular, the elderly's demand for old-age care and medical care continues to grow. This trend of superimposition of such medical and health service needs and life care needs is becoming increasingly evident. At the two conferences in 2018, the topic of old-age care once again caused the NPC deputies to discuss the issue.

Before the two sessions were convened, the China Youth Youth Public Opinion Monitoring Office relied on the big data of Zhongqing Huayun, and analyzed the remarks of 12,859 Weibo users related to the two sessions. The topics that were later focused on 90 were pension service, talent legislation, and income distribution.

The two conferences focused on: The topic of retirement care has great potential for security technology

On March 4th, several NPC deputies who participated in the two sessions were interviewed and suggested that an effective means to solve the health and pension problems is the combination of medical care and rehabilitation. All localities should actively explore the multi-intelligence model of “medical support combined with care” and vigorously develop wisdom and support for the elderly. Through information technology, we will link the elderly, community, government, and service providers at home to build platforms such as senior service hotlines, emergency call-response systems, and digital information management to achieve comprehensive services such as health management for the elderly, emergency assistance, and life care.

According to a new announcement by the National Aging Office, as of the end of 2017, China’s elderly population aged 60 and above has reached 241 million, accounting for 17.3% of the total population. In 2017, the country’s newly added elderly population exceeded 10 million for the first time. It is expected that by 2050, the number of elderly people in China will reach the peak of 487 million, accounting for 34.9% of the total population.

In order to speed up the development of the smart and healthy pension industry, in February 2017, the Ministry of Industry and Information Technology, the Ministry of Civil Affairs, and the National Health and Family Planning Commission promulgated the Action Plan for the Development of a Smart, Healthy, and Aged Industry (2017-2020). Among them, a number of key tasks in the "Action Plan" involve a number of security technology products, and it is of important guiding significance for the application of security products technology to further expand the application of the elderly.

Then, what are the opportunities for the security industry as a practitioner of the smart pension industry, which will be ushered in under the trend of “technological pensions”?

The first is wearable devices that can monitor the health of the elderly. Equipment for monitoring and tracking human health is becoming more and more popular among people of all ages, and for older people, especially elderly people who do not have caregivers at home, these devices have the effect of saving lives. For example, wrestling is the leading cause of death for people aged 65 and older. Alerts, a popular biotechnology that has existed for many years, have now been perfected. This simple technique automatically dials an alarm call or contacts a family member when the elderly falls. Wearable technology can also collect health data through devices such as smart watches, such as heart rate and number of steps, which are important for monitoring the health of the elderly.

Home sensor technology is also good for elderly people living in homes and is becoming more and more popular. They can be placed in doors, cupboards, windows, etc. to track the elderly in the activities of the trajectory, and send records to the nursing staff or relatives. If the sensor does not detect signs of activity within a few days, the relevant personnel will receive an alert and come to view the situation of the elderly as soon as possible.

In addition, most home devices can be operated by applications on mobile phones to bring convenience to the elderly: smart lights are used for undisturbed lighting, smart security cameras can be placed at home for caregivers, and are similar to Amazon Alex and GoogleHome. The artificial intelligence assistant also has functions such as reminding to take medicine. These emerging technologies have been transformed on an existing basis to create a more comfortable living environment for the elderly. Since the old man has poor memory, it is very easy to forget keys or forget passwords, so smart locks incorporating biometric technology will have a lot to offer in the pension market.

Although it is a feasible way for security companies to enter the retirement field through hardware products, the security system is the foundation of smart pension for the entire pension market. The function of a single product needs to be used in the system to achieve better results. In fact, the above-mentioned products are combined to form a home security system. The home security system is mainly combined with various sensors, cameras, door and window magnets, card readers, access controllers, and other security monitoring devices. Provides a comprehensive service system that provides security functions such as monitoring at any time, awareness of the environment, intrusion alarm, and emergency help. The security system can enhance the safety of the elderly in the home.

It is undeniable that the pension field does bring huge market opportunities to security companies. However, security companies want to enter the pension market, but also face enormous challenges. As we all know, the old people's acceptance of new products is obviously weaker than young people. For a complex technology product, it is unrealistic to think that older people can quickly learn and remember how to use it. Therefore, for security companies, how to use a complex high-tech product to make “fools” available can be a challenge. For security companies, relying on their strength and eyesight to enter the pension field, with wisdom and prudence to fill the pit of the pension market, can really eat their own market cake.

Concluding remarks: “The old people are always at the end of their lives, they are useful, they have their own talents, they are young and they are lonely, and they are all raised.” It is Confucius’ understanding of the world of Datong. The filial piety as the first Chinese culture has passed on since then. In the future, like the popularization of smart phones, smart pensioners will go into the homes of more ordinary people. Security product technology as an important part of electronic information technology, identify the opportunity to quickly enter the field of retirement, in order to share a share of wisdom and health care industry.

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