The purpose of this article is to examine business potential of digital smart jewelry. When jewelry has tens of thousands of years of history, it is interesting to find out what people think of jewelry that contains technology. The study was conducted as an action research, in which researchers acted as main innovators of smart jewelry. The smart jewelry can be divided into two main product groups: the esthetic light jewelry and the functional jewelry. Six different jewelry prototypes were manufactured–three pieces for both product groups, after which they were tested by potential and nonpotential users. According to study, the smart jewelry seems to have business potential, but as often with radical products and new markets, it will take time. Forty percent of potential users saw the smart jewelry as fun, cool, fantastic, and an inevitable future. On the other hand, 25% kept them as obnoxious. The functional jewelry seems to have much more potential target groups and users than the light jewelry. As wearable technology and the Internet of things become more common, the smart jewelry market will probably grow as well. The healthcare and wellness industry is a particular force for growth.
Part of the book: Digital Transformation in Smart Manufacturing