Companies can provide access to social network-powered communities that generate positive experience feedback and share helpful tips and product recommendations. Using data accumulated by a product, more opportunities exist for companies to craft messaging, plus deliver product and service information that is specific to the user’s tastes, past purchasing habits and product usage. One thing that will remain constant in the future of smart home technologies is that companies must be prepared to create a unique user experience through engaging content and social media. Smart companies today understand that traditional models of one-time sell through of products, or standalone products that cannot be monitored intelligently, provide little or no opportunity to create a relationship with consumers and establish brand loyalty. They also realize that in today’s market, their products can serve as revenue generators with the data they gather based upon a homeowner’s energy usage, security connectivity and/or home entertainment preferences.Ī good business model for companies looking to capitalize on the smart home revolution should contain many, if not all, of the following elements: 1. In 2016, 80 million smart home devices were delivered worldwide, a 64 percent increase from 2015, according to IHS Markit. The challenge until then for manufacturers and service providers is how to maximize the revenue potential from stand-alone, pointed appliances and devices using smart home technologies that provide added-value to homeowners. There are important issues such as data security and interoperability between devices to address. Yes, the smart home is here to a certain extent, but experts predict the truly interconnected smart home, where devices and appliances can talk to each other may still be a decade away. Now, with the ascension of artificial intelligence from dream to near-reality and the growth of the Internet of Things (IoT), we’re closer than ever to realizing the dream. For decades, the promise of the smart home has tantalized businesses looking to capitalize on the dynamics of connected technologies in the home, predicting and managing the desires of the occupant entirely without human interaction.
0 Comments
Leave a Reply. |
AuthorWrite something about yourself. No need to be fancy, just an overview. ArchivesCategories |