Unlike smartwatches and other fitness trackers, the Bluetooth-powered Amazon Halo wristband does not have a screen. Courtesy Amazon
Unlike smartwatches and other fitness trackers, the Bluetooth-powered Amazon Halo wristband does not have a screen. Courtesy Amazon
Unlike smartwatches and other fitness trackers, the Bluetooth-powered Amazon Halo wristband does not have a screen. Courtesy Amazon
Unlike smartwatches and other fitness trackers, the Bluetooth-powered Amazon Halo wristband does not have a screen. Courtesy Amazon

Amazon enters market for fitness trackers with Halo band and app


Alkesh Sharma
  • English
  • Arabic

E-commerce company Amazon entered the wearable fitness tracker market with a new paid subscription service called Amazon Halo.

The company will offer a Halo wristband that will connect to an app on a user’s smartphone through Bluetooth. The wristband contains sensors that monitor physical health and mental wellbeing.

“Health is much more than just the number of steps you take in a day or how many hours you sleep,” said Maulik Majmudar, a cardiologist and principal medical officer at Amazon Halo.

“Amazon Halo combines the latest medical science, highly accurate data via the band sensors and cutting-edge artificial intelligence to offer a more comprehensive approach to improving your health and wellness.”

Unlike other smartwatches and fitness trackers, Amazon’s Halo band does not have a screen. However, it does contain an accelerometer, a temperature sensor, a heart-rate monitor, two microphones and a button to turn the microphones on or off.

The microphones are not for communicating with other people but for capturing a user's emotional state from the tone of their voice.

The tone is analysed using machine learning technology to detect levels of energy and positivity, the company said.

“Using tone to reflect on your interactions can help build connections or identify patterns so you can consciously make improvements,” said Mr Majmudar.

Halo band has small sensors to send highly accurate data directly to the app.Courtesy Amazon
Halo band has small sensors to send highly accurate data directly to the app.Courtesy Amazon

For example, results may reveal that a difficult work call led to less positivity in family discussions, an indication of the impact of stress on well-being, he said.

Another features uses a smartphone camera to capture a 3D scan of a user’s body and then compute the level of fat.

The market for fitness trackers is growing at a compound rate of 15.2 per cent per year, according to research published earlier this month by Fortune Business Insights. It projects that the size of the market will grow to about $92 billion (Dh337.9bn) by 2027, up from $30.41bn last year.

Several layers of privacy and security are built into the Amazon’s service to keep the data of users safe and under their control, the company said.

“Health data is encrypted in transit and in the cloud and customers can download or delete their data at any time directly from the app. Body-scan images are automatically deleted from the cloud after processing, so only the customer sees them,” Amazon said.

The company said Amazon Halo was launched as an invite-only, early-access programme in the US, at a price of $64.99 for the device, which includes a membership fee for six months.

After that, the band will cost $99.99 and the membership, which is needed to gain access to more advanced features, will cost $3.99 a month. The service will then be introduced in other markets gradually, the company said.

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The specs

Engine: 4.0-litre V8 twin-turbocharged and three electric motors

Power: Combined output 920hp

Torque: 730Nm at 4,000-7,000rpm

Transmission: 8-speed dual-clutch automatic

Fuel consumption: 11.2L/100km

On sale: Now, deliveries expected later in 2025

Price: expected to start at Dh1,432,000

Mercer, the investment consulting arm of US services company Marsh & McLennan, expects its wealth division to at least double its assets under management (AUM) in the Middle East as wealth in the region continues to grow despite economic headwinds, a company official said.

Mercer Wealth, which globally has $160 billion in AUM, plans to boost its AUM in the region to $2-$3bn in the next 2-3 years from the present $1bn, said Yasir AbuShaban, a Dubai-based principal with Mercer Wealth.

Within the next two to three years, we are looking at reaching $2 to $3 billion as a conservative estimate and we do see an opportunity to do so,” said Mr AbuShaban.

Mercer does not directly make investments, but allocates clients’ money they have discretion to, to professional asset managers. They also provide advice to clients.

“We have buying power. We can negotiate on their (client’s) behalf with asset managers to provide them lower fees than they otherwise would have to get on their own,” he added.

Mercer Wealth’s clients include sovereign wealth funds, family offices, and insurance companies among others.

From its office in Dubai, Mercer also looks after Africa, India and Turkey, where they also see opportunity for growth.

Wealth creation in Middle East and Africa (MEA) grew 8.5 per cent to $8.1 trillion last year from $7.5tn in 2015, higher than last year’s global average of 6 per cent and the second-highest growth in a region after Asia-Pacific which grew 9.9 per cent, according to consultancy Boston Consulting Group (BCG). In the region, where wealth grew just 1.9 per cent in 2015 compared with 2014, a pickup in oil prices has helped in wealth generation.

BCG is forecasting MEA wealth will rise to $12tn by 2021, growing at an annual average of 8 per cent.

Drivers of wealth generation in the region will be split evenly between new wealth creation and growth of performance of existing assets, according to BCG.

Another general trend in the region is clients’ looking for a comprehensive approach to investing, according to Mr AbuShaban.

“Institutional investors or some of the families are seeing a slowdown in the available capital they have to invest and in that sense they are looking at optimizing the way they manage their portfolios and making sure they are not investing haphazardly and different parts of their investment are working together,” said Mr AbuShaban.

Some clients also have a higher appetite for risk, given the low interest-rate environment that does not provide enough yield for some institutional investors. These clients are keen to invest in illiquid assets, such as private equity and infrastructure.

“What we have seen is a desire for higher returns in what has been a low-return environment specifically in various fixed income or bonds,” he said.

“In this environment, we have seen a de facto increase in the risk that clients are taking in things like illiquid investments, private equity investments, infrastructure and private debt, those kind of investments were higher illiquidity results in incrementally higher returns.”

The Abu Dhabi Investment Authority, one of the largest sovereign wealth funds, said in its 2016 report that has gradually increased its exposure in direct private equity and private credit transactions, mainly in Asian markets and especially in China and India. The authority’s private equity department focused on structured equities owing to “their defensive characteristics.”