From wristbands that track your activity to eyeglasses that scan the Internet, wearable technology has become a hot trend in the consumer market this year. Now wearable technology has started to make a move into the business market.

Innovative uses and applications for the workplace have begun to emerge. Wearable technology is already being put to work in fields such as healthcare and energy, and other industries are considering its potential uses.

While businesses should explore its potential, they also should be mindful of the potential risks. Health monitoring devices, for instance, may contain personal information protected by state or federal law. Devices that can be connected to laptops and desktops could introduce viruses and malware. Conversations could be recorded, raising concerns about privacy and corporate espionage. Even so, wearable technology may also offer some interesting potential for managing risk, reducing injury to workers and reducing liability.