According to Value Walk, a news and opinion website that covers financial and investing news, “Five years ago, just 13 percent of American households had some sort of smart technology integrated into their homes. In 2019, it’s anticipated that at least 38 percent of American households will have entered the market.”
Energy and cost savings are the two largest drivers in the global smart housing market, but there are a number of other important factors contributing to its growth—including the increasingly aging population and the marked improvements in comfort and convenience.
Let’s explore the auxiliary perks of the smart home and discover how you can help your customers take advantage of the smart home technology available today.
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Smart homes still face the problems of subpar intelligence hampering functionality. But as intelligence systems mature, including more sophisticated algorithms, activity recognition methods and prediction accuracy, smart homes will transform and become more desirable. The gold standard: a multi-agent, interoperable system with distributed intelligence by integrated smart appliances across platforms. In simpler terms, it means all appliances and applications working together seamlessly, despite running on different platforms. To get there, here are five trends that herald the smart home 2.0.
The idea of a smart home is attractive for a number of reasons, including convenience, safety and a sleek home aesthetic. From an industry standpoint, one of the most compelling advantages is that it increases energy efficiency by reducing unnecessary usage. In fact, according a 2018 ACEEE report, Energy Impacts of Smart Home Technologies, “U.S. homes can lower their energy use by up to one-sixth simply by incorporating smart technologies.” And with each new iteration, the technology becomes more viable, affordable and user-friendly.
Here are seven of the most promising areas of smart home living – and the potential cost savings from adopting each one.
Although sales of smart home devices are ramping up, the daunting prospect of compatible platform integration, or interoperability, is still scaring off prospective consumers.
