As the recent report suggest that Find My Watch release will be the next new software update characteristic to Apple Watch OS 1.0.
It is also suggested that next update will gain numerous software and hardware updates are in the works including enhancements to security, connectivity, health and fitness, Wi-Fi feature , third-party app integration.
The report adds that Apple company is preparing major updates for the Apple TV in both the hardware and software departments, including Apple Watch integration.
Apple is said to be working on Find my Watch feature which will let users track the smartwatch's location and remotely lock or wipe the device, if stolen. This feature will be similar to the existing Find My iPhone/iPad/Mac features in iOS and OS X.
If the Find My Watch feature will be implemented in the next update it will even notify you via a light click on your wrist should you accidentally leave your iPhone behind.
Another reported improvement is the ability to remotely lock or wipe your stolen wearable device. The Apple Watch relies on its connected iPhone for GPS and Wi-Fi functionality, but it can also connect to previously stored Wi-Fi networks on its own.
Should a Find my Watch feature make its way into the Apple Watch, Apple might increase the device’s Wi-Fi features in order to let the device be easily located by iCloud even when the iPhone is out of range.
To tackle this issue, Apple will reportedly employ a feature called “Smart Leashing” that will prompt the device to click its built-in Wi-Fi in order to establish its location relative to the iPhone’s last known location.
Apple is also working on the health and fitness features of the wearable. For example, the company is experimenting with ways to have the watch detect an irregular heart beat, and to notify the user. Although, it's unclear if that feature will be launched due to liability concerns and government regulation. The company also plans to add a blood pressure monitor and sleep tracking features in the near future with glucose/blood sugar sensors scheduled for the long term.
As you understood the next Apple Watch OS update will not only gain Find my Watch Release feature but also other enhancements.