Being open-source take a lot of pressure off of product developers, the public take over as the developer. Although that tends to be a slow moving machine, plenty has come from it. Just take Linux as the premium example.
I am not a big fan of Bluetooth. I found it to be rather susceptible to electrical noise. I suppose this isn't a life critical application, so it doesn't matter much.
Currently, you can find oximeters at WalMart for about $40. One of the fastest growing product categories in the action sports market is fit tech. It's been bubbling up at CES and OutDoorRetailer for years.
With bluetooth capabilty, it would be good if this device can be used with Nike+ or Fitbit.
A new service lets engineers and orthopedic surgeons design and 3D print highly accurate, patient-specific, orthopedic medical implants made of metal -- without owning a 3D printer. Using free, downloadable software, users can import ASCII and binary .STL files, design the implant, and send an encrypted design file to a third-party manufacturer.
For industrial control applications, or even a simple assembly line, that machine can go almost 24/7 without a break. But what happens when the task is a little more complex? That’s where the “smart” machine would come in. The smart machine is one that has some simple (or complex in some cases) processing capability to be able to adapt to changing conditions. Such machines are suited for a host of applications, including automotive, aerospace, defense, medical, computers and electronics, telecommunications, consumer goods, and so on. This discussion will examine what’s possible with smart machines, and what tradeoffs need to be made to implement such a solution.