IoT Strategy

Friday, February 10, 2017

Insurance Companies Benefit from IoT Opportunities

Insurance is a data-driven industry. Actuarial tables calculate the probability of death, thereby enabling insurers to quantify and create products to insure against that risk. The Internet of Things and the data streaming from devices in the home, the car, or worn on the body represent an opportunity for the insurance industry to quantify risk with greater precision than traditional methods.

Using IoT to Define Risk

Insurers are racing to gain access to data in order to quantify ...read more

Friday, January 20, 2017

Smart Home Cloud Platform Trends

The IoT space is expanding to provide more targeted service offerings with vertical-specific capabilities, such as pre-defined reference applications, data algorithms, mobile apps, and business intelligence dashboards. Cloud-connected devices function more like software than hardware, creating changes in product development models.

Smart home cloud platforms are a growing segment consisting of smart home control and automation system platforms as well as smart home device ...read more

Tuesday, December 20, 2016

Cloud Platforms Reshape the Value Chain for Connected Devices

IoT cloud platforms offer device makers and companies the opportunity to greatly expand the value of products and services. These devices are reshaping the value chain by altering product design and development, manufacturing, marketing, supply chain management, and service after the sale. They also generate new support activities, such as product data analytics and security.

While connectivity and cloud support require additional product costs for device makers, business value is ...read more

Wednesday, October 12, 2016

8 Future Uses for Gigabit-speed Broadband in the Home

As operators have weighed investment in fiber or network upgrades and as competitors have announced plans for gigabit-speed services, many broadband providers have questioned the need among today’s consumers for broadband speeds of 1 Gbps or more. Parks Associates research shows that in general, consumers in U.S. broadband households are unaware of their broadband speeds; another 27% feel that their current broadband speed is faster or much faster than they need.

In reality, no ...read more

Tuesday, October 04, 2016

Personalizing and Customizing the Smart Home Experience

In the entertainment world, companies first focused on personalization to provide the best customized content search and discovery experiences as well as to provide a competitive differentiator. Personalization and customization are becoming increasingly important elements of success, and companies are using these features and technologies to define services, derive new revenues, and build a loyal base of customers.

Personalization has the potential to positively impact monetization. ...read more

Thursday, September 15, 2016

Incorporating Voice Control in the Smart Home: Success Factors

Have you talked to your home lately? Today, it may be ready to talk to you.

An increasing number of consumer products now have voice command capabilities, ranging from streaming media players to smart home products. Products like Apple’s Siri and the Amazon Echo have captured the attention of consumers and are helping to drive consumer interest in chatting with devices. In addition, advances in understanding natural language is opening doors for automation, information access, and ...read more

Tuesday, July 19, 2016

Utilities and the Smart Home: Integrating Smart Devices into Energy Programs

The smart home is evolving along many paths. Connected products and services are being sold through multiple channels, using different business models, and are all converging in the smart home. Consumers are gaining familiarity with smart home devices, which drives adoption. Parks Associates consumer research finds that in 3Q 2015, 18% of U.S. broadband households own a smart home device, many of which offer energy management capabilities and associated value-added services.

Smart energy ...read more

Thursday, May 05, 2016

Interoperability: Realizing the Promise of the Connected Home

The objective of the connected home experience is to enhance the lifestyle of the consumer, delivering an anytime, anywhere, borderless lifestyle where all devices work together whether the applications are entertainment, home control, or energy management. The connected home makes it easier and simpler to accomplish what people are already doing today. Many daily activities like eating, sleeping, driving to work, listening to music, watching television, reading a book, or going shopping can ...read more

Tuesday, March 29, 2016

Smart Device Data Aids Success of Demand Response Events

In Q2 2015, 19% of all U.S. broadband households owned one or more smart home devices. Many of these smart devices offer energy management capabilities including demand response. Today, utilities are evaluating the benefits of integrating smart devices into utility programs.

There are several ways that utilities can leverage data to improve the success of demand response (DR) events: leveraging data from smart thermostats, leveraging data from multiple connected devices, and leveraging ...read more

Monday, February 08, 2016

Bundling Services is Key to Attracting Consumers to Energy Management Programs

Energy efficiency programs are designed to engage consumers and incentivize products or services that save energy. While the appeal of individual energy management solutions is relatively low compared to other smart home services, bundling energy services with other smart home services, with smart home products, or with traditional home services such as home or appliance warranties and HVAC service contracts will increase the appeal of energy management services and the resulting ...read more

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