CHALLENGES WHICH FITNESS TECHNOLOGY PROVIDERS FACE THAT THE LYFE PLATFORM AIMS TO RESOLVE

With rough estimation carried out by the lyfe platform, there are said to be multitude of fitness apps as well as device providers said to be offering various services as well as data collection points to consumers. But this various fitness technology providers are said to be faced with a lot of different set of unique challenges which includes;

1. High abandonment rate.
2. High cost of device acquisition.
3. Average consumers adoption
4. Centralised platform lock-in. With all these challenges, the core vision of the lyfe platform still remains to act as the basic unifying bridge which will help to overcome some of the common issues stated above.

For more details about lyfe: https://lyfe.health/