This post "Master Plan" Profits: The Hands-Free Revolution appeared first on Daily Reckoning.

One of the biggest winners of the AR revolution could be smartglasses.

The glasses essentially function as a smartphone but rather than fiddling with a phone and taking up the use of your hands, the glasses project their software applications right on the lenses.

This allows workers to make use of both of their hands while still having access to the same apps they need to do their jobs; it's easier for workers and can result in large cost savings for the companies that make use of these glasses.

Don't take my word for it, though. Look at the long line of happy customers.

When DHL warehouse order pickers went hands-free, efficiency increased by 25% with improved accuracy? and it went so well, DHL expanded the program to nine warehouses worldwide.

When Airbus began using smartglasses, productivity increased 500% and errors were reduced to zero, while reducing the need for costly training.

We all know that there are a lot of ?next big things? in the tech world. And a lot of times, those ?next big things? end up being about as valuable as an old Beanie Baby collection.

But if there's one thing I know, it's that CFOs don't tend to get romantic about ?next big things.? They care about what is going to help them beat next quarter's earnings, not something that might work someday if they spend enough time and money on it.

That's why reported triple-digit sales growth in smartglasses is so impressive to me. It's VERY rare that you see that kind of sales growth in public companies; even the high-growth FANG stocks typically only boast sales growth in the low to mid-double-digit range.

And the biggest growth in this space is most likely still to come. I see the biggest upside coming from use by everyday consumers.

And one recent announcement makes me think the consumer side of the business could end up being even bigger than the enterprise side.

On Aug. 14, an up-and-coming smartglasses company unveiled a partnership with the Wounded Warrior Project to provide blind and vision-impaired veterans with smartglasses loaded with applications designed to help the vision-impaired navigate their world.

According to the announcement, the software can magnify anything in a user's environment by up to 15 times, read any text in over 100 languages and identify over 16 billion objects.

The program is expected to last for the next four?five years, with up to 175,000 veterans being able to qualify.

After the announcement was released, one tech analyst estimated that the contract could be worth up to $180 million by itself over the life of the program.

It's too early to tell how much revenue will ultimately come from the Wounded Warrior Project partnership, but it does establish that demand is there for more than just commercial applications of the technology.

Visionary businesses and their innovations are set to help us live longer, healthier and happier lives.

And since you'll be able to invest in these companies at great prices, they could help you lead a wealthier life, too.

I'll be in touch again soon.

To a bright future.

For Tomorrow's Trends Today,

Ray Blanco
for The Daily Reckoning

The post "Master Plan" Profits: The Hands-Free Revolution appeared first on Daily Reckoning.