"Internet of Things" articles

Parks Associates is excited to feature insights from a speaker from our upcoming Smart Energy Summit , Dr. Matthieu Loos . Dr Loos is the Director of Decarbonization for Hoa Cleantech and has nine years of consulting and project management experience across North America and Europe in the electric vehicle infrastructure deployment and operations. Dr. Loos will be speaking in the panel, Building the Fast Charging Infrastructure: Speeding up EV Adoption , on Tuesday, February...
Affordability is now the key to the smart home. New Parks Associates research shows that affordability has become the leading purchase consideration for smart home device purchase intenders. More than half (51%) of purchase intenders rank affordability as a top 3 purchase consideration, beating product reviews (31%) and data privacy/security efforts (29%). Affordability concerns have also become the leading purchase inhibitor among non-owners and non-intenders. Nearly half (44%) of...
 
by Chris O’Dell | Jan. 20, 2020
Tags: CES, industry event, Internet of Things, privacy, smart home
The breadth of connected products in consumers’ lives continues to expand year-over-year. Households with smart home devices now have an average of six smart home devices , and ownership of any connected device (10.5 per household) continues to increase each year. Market players are now looking beyond established smart home devices like smart thermostats and networked cameras to add new and emerging products to their smart home offerings. Products like smart water leak detectors,...
 
by Chris O’Dell | Nov. 27, 2019
Tags: home safety, insurance, Internet of Things, smart home
Connectivity in the home and the addition of connected devices continues to expand year-over-year. These products provide an increased level of convenience for consumers through home automation and home security applications, energy management and energy efficiency services, and the ability to control and monitor the home remotely. Smart thermostats have been around since the early 2000s; however, the introduction of the Nest Learning Thermostat in 2011 brought a greater level of...
 
by Lindsay Gafford | Nov. 11, 2019
Tags: Internet of Things, smart home
Home builders are traditionally risk averse when it comes to adding new technologies in their homes. However, home builders can be an effective channel to introduce smart home products and services to a broad range of customers, including those that are not traditionally tech enthusiasts. Builders across the country convened in Irving last week for Builder Connections, hosted by Hanley Wood, to hear insights on consumer demand for smart home products and services and trends impacting...
 
by Chris O’Dell | Oct. 28, 2019
Tags: home automation, home networks, Internet of Things, personalization, smart home
The recent rise of insurtechs has spurred modernization in the fundamentals of insurance, including policy creation, underwriting, and claims management. Insurtechs, such as Hippo and Lemonade, have implemented AI and data analytics to provide quick and accurate quotes to their customers while also decreasing their own operating costs. Such innovation has disrupted the traditional insurance industry and has helped alter underlying business models of legacy companies, forcing them to...
 
by Chris O’Dell | Sep. 2, 2019
Tags: big data, insurance, Internet of Things, personalization, smart home
One of our mantras at Parks Associates is that many smart home device manufacturers need to strengthen their value propositions in order to win-over the mass market consumer and justify the higher price of connected products. In short, offer consumers more for more, more for less, or at least more for the same cost as competitors. The Yardian (a portmanteau, or mash-up, of “yard” and “guardian”) by Aeon Matrix is a smart irrigation controller that beefs up its...
 
by Brad Russell | Aug. 8, 2019
Tags: Internet of Things, smart home
Smart home device ownership tripled between 2014 and 2018, and households utilizing smart home technology now own an average of six devices. As the number of connected devices in the household increases, so does the consumer’s risk of exposure to a data privacy breach. That risk is amplified by devices like smart speakers with voice assistants (Amazon Echo, Google Home, etc.), which collect massive troves of data, while device manufacturers potentially harness that data without...
 
by Chris O’Dell | Jul. 30, 2019
Tags: industry event, Internet of Things, privacy, security, smart home, voice control

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