Connected Home Systems and Controls

According to Parks Associates, roughly 80% of U.S. broadband households have either homeowners or renters insurance. With demand for IoT and smart home devices ever increasing, insurers are in a unique position to offer these devices due to insurers’ access to consumers as well as consumers’ overall trust of insurers. In the infographic below, Parks Associates outlines some of the key findings from its newest IoT research, Insurance Opportunities in the Connected Home , which...
Guest post by Gary Ashton Before the Internet, if someone wanted to sell buy a home, they would hire a real estate agent, who would utilize their network of information, research houses, neighborhoods, school districts, and more, and then finally bring their findings back to the homebuyer. Now, because of big data, much of this process is obsolete, since information is more accessible than ever. The term “big data” is used to describe a compilation of data that comes...
 

Last week, Samsung announced that it will add smart features to all of its home appliance products by 2020. With this announcement, the company is doubling down on its January 2015 projection that by 2020, all its products will be connected to internet. One of the Samsung’s most popular smart appliances, the Family Hub refrigerator , has been available to consumers since May 2016, and the company recently announced their intention to position that appliance as a control hub for...
Daniel Herscovici, Senior Vice President and General Manager of Xfinity Home , Comcast's total home security and home automation solution, recently provided key insights into the smart home and home security markets:  Comcast Xfinity has grown from 500K subscribers in 2015 to more than 1 million in Q2 2017 – what attributes to such significant growth? We attribute the growth of Xfinity Home to many factors including product innovation, bundle value and unique...

Parks Associates will host the 12th-annual CONNECTIONS™ Europe: IoT and the Connected Consumer , November 1-2, 2017 at the Amsterdam Marriott Hotel, featuring high-level speakers from the top European and international companies in the digital living ecosystem. Early confirmed keynotes include: Sudeep Maitra , Global VP, Strategy and Development,  Centrica Matthias Mieves , Head of New Business, Sales & Marketing Connected Home,  Deutsche...
The European smart home market is moving forward, but differences between Europe and the U.S. create unique challenges. In the U.S., adoption of professionally monitored security exceeds 20% of households. Overall, adoption of professional monitoring services in Europe is under 3% of households. In the U.S., the security channel is the leading channel for smart home services. Many telecoms have entered the security market because it has an established market with a proven approach...

Kian Saneii , Founder & CEO, Independa, provided insight on several key industry trends ahead of Parks Associates’ 21st-annual CONNECTIONS™ Conference , which was held May 23-25 at the Hyatt Regency San Francisco Airport: What does the industry need to do to speed up the slow growth of overall smart home adoption? The industry needs three things to speed up the growth of overall smart home adoption: Integration, Affordability, and Simplicity. ...
Leading insurance companies are currently testing various models for integrating smart home services with insurance services in order to deepen customer engagement, mitigate risk, and create new revenue streams. While the insurance industry has historically used data in a backward-looking manner, IoT data streaming from devices in real-time represents an opportunity to quantify risk with greater precision. Parks Associates research indicates a substantial portion of consumers would...


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