Introduction.
To estimate the cost of adapting smartwatches and smart rings to all elderly and disabled Japanese, we first identify the target population and then calculate the cost.
Estimation of target population
Elderly (65+):
As of 2023, the population of Japan over 65 years old is approximately 36 million.
Disabled:
There are approximately 9.36 million people with disabilities in Japan (including the physically, intellectually, and mentally disabled).
Consideration of Duplication:
There is a great deal of overlap between the elderly and the disabled.
Although some of the elderly and the disabled overlap, they are not taken into account here, but are calculated as a whole. Thus, the target population is approximately 45.36 million (36 million + 9.36 million).
Cost Estimation
Device purchase costs:
Assume the average price of a smartwatch or smart ring is $200.
Device purchase cost = $200 x 45,360,000 people = $9,072,000,000
Software Development and Integration:
Assume large system development costs of $100,000,000.
Software development costs = $100,000,000
Cloud Services and Data Management:
Assume that the annual fee for cloud services is $10 per person.
Cloud service cost = $10 x 45,360,000 people = $453,600,000 per year
Communication Costs:
Assume device data communication costs of $30 per year /person.
Communication cost = $30 x 45,360,000 people = $1,360,800,000 per year
Maintenance and Support:
Assume annual maintenance cost of $10/person.
Maintenance cost = $10 x 45,360,000 people = $453,600,000 per year
Education and Awareness:
Assume education and awareness activities cost $50,000,000.
Education and awareness costs = $50,000,000
Total Cost
Initial investment (first year)
Device purchase cost: $9,072,000,000
Software development cost: $100,000,000
Education and awareness cost: $50,000,000
Total initial investment = $9,222,000,000
Annual operating costs (2nd year onward)
Cloud service cost: $453,600,000/year
Communication cost: $1,360,800,000/year
Maintenance cost: $453,600,000/year
Total annual operating cost = $2,268,000,000/year
Conclusion
We estimate that the total cost of introducing smartwatches and smart rings to all Japanese seniors and people with disabilities in the first year would be about $9,222,000,000, and the annual operating cost from the second year onward would be about $2,268,000,000.
These costs are approximate and actual costs may vary depending on device prices, software complexity, communication costs, maintenance costs, etc. It is also possible to spread these costs by obtaining government subsidies or cooperation from the private sector.
NB.
This text is based on asking the AI; the AI’s answers may not always be correct. Important information should be checked.
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