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Transitioning to a different industry, are wearable technologies the key to unlocking the potential of precision medicine?

Fitbits, Apple Watches, etc... These wearable devices can track data in real-time and may better tell the story of health status changes than a patient's recall. They can track heart rate, daily steps, sleep patterns, and even run ECGs!

Should we expect the near future of precision medicine to encourage continuous health status monitoring? Is there potential?
What are the dangers of relying on these wearable technologies?