Samsung’s decision to release a smart ring makes sense because of the increasing demand for health tracking tech, but it remains a “niche” device for now, an industry expert has said. Ben Wood, chief analyst at CCS Insight, said the launch of the Galaxy Ring was an “interesting bet” by the technology giant. The ring is due to be launched later this month, and Samsung says it will come with a battery life of up to seven days and is designed to be worn 24 hours a day to help users monitor their health stats during the day, but also while they sleep. Wood said this is a strong selling point becau…