AI Isn’t Just Hollywood’s Dream Anymore

by Parks Associates | Nov. 28, 2018

As the popularity of smart home products continues to grow, so too do technological advancements in artificial intelligence. Hollywood icons like KITT (Knight Rider) and Pat (Smart House) actually do exist, although much less dramatically. AI has become an integral part of the smart home ecosystem and service providers are making moves to increase their products’ capabilities and learning methods.

Recently, Amazon announced that their smart speaker, the Echo, and Alexa will be learning even more new skills, and they recently patented technology that will allow her to detect coughing. With smart speakers growing in adoption—research from Parks Associates predicts 47% of broadband households in the U.S. will have a smart speaker with an assistant by 2022—it’s no wonder why Amazon is rapidly developing their AI technologies.

AI isn’t just prevalent in smart speakers, however. Security systems are using AI to alert homeowners to loud noises and the sound of glass breaking. Cameras are learning to identify people, objects, animals, packages, and other interesting subjects. According to new research from Parks Associates, 67% of consumers rate “alerts when someone enters your home” as a key video analytics capability.

AI is catching up to Hollywood fantasies and becoming more accessible to the average consumer. Parks Associates’ newest industry report, AI, Machine Learning, and Data Analytics in the Smart Home, gives an in-depth analysis of the many use cases for artificial intelligence in the fast-growing world of connected living, answering several key questions:

  • How are the leading forms of artificial intelligence defined and differentiated?
  • What technologies are being leveraged for artificial intelligence applications?
  • What data use cases for AI are getting traction in the major vertical markets of the connected home: security, home automation, digital health, energy and water, and home networking?
  • How do AI use cases create business value that might evolve or disrupt legacy business models?
  • What challenges implementation of AI in the connected home and how will applications evolve?
  • What companies are providing market leadership in AI technologies?

For more information about this and other Parks Associates smart home reports, click here or contact Parks Associates at 972-490-1113.

Further Reading:



Previous: The Biggest Challenges Facing Smart Home Product and Service Distribution in Europe: Insights from NAGRA

Comments

    Be the first to leave a comment.

Post a Comment

Have a comment? Login or create an account to start a discussion.


Quote-PA_website_Tom_2.png

Quote-PA_website_Tom_2.png

Quote-PA_website_Elizabeth.png

Quote-PA_website_Elizabeth.png

Quote-PA_website_Brad.png

Quote-PA_website_Brad.png

Quote-PA_website_Tom_1.png

Quote-PA_website_Tom_1.png

Quote-PA_website_Dina.png

Quote-PA_website_Dina.png