Connected Home Systems and Controls
Amazon recently announced plans to disconnect Dash buttons from the internet. Initially launched in 2015, Dash buttons are small buttons associated with specific products. They allow Amazon Prime members holders to reorder more of the associated product by simply pressing the button when supplies are running low. Products commonly associated with Dash buttons include laundry detergent, paper towels, and coffee.
The Dash button became obsolete with the emergence of suitable...
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
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 value...
This week it was revealed that Apple uses contractors to review Siri recordings, which exposes the recordings of Apple customers’ personal lives including recordings of doctor visits and other personal situations. In April, an investigation by Bloomberg highlighted that one way in which Amazon improves the Alexa solution is to have humans review customers’ requests. In July, a study from a Belgian public broadcaster revealed that recordings from Google Assistant were being transcribed...
Every year, Amazon hosts Prime Day, a one-day event of deals exclusive to Amazon Prime members. Heavy promotion of its own products, electronics in particular, are a common theme on Prime Day. This year, Amazon offered its Prime members a promotion that gave them a $10 coupon in exchange for tracking their data. The offer requires members to install Amazon Assistant, a browser tool that allows consumers to discover Amazon products and compare prices across other retailers on the web. This...
The smart home starts at the front door, with devices like smart door locks, networked cameras, smart garage door openers, and video doorbells representing not only a foundation for security solutions but also access points for a future world of services, including in-home and in-garage delivery, home rental solutions, pet and cleaning services, and much more.
Parks Associates research shows video doorbells lead in adoption among the three primary access control devices. At the...
by Chris O’Dell | Jul. 15, 2019
Tags: home automation, independent living, Internet of Things, interoperability, security, smart home
Tags: home automation, independent living, Internet of Things, interoperability, security, smart home
According to Parks Associates research, 28% of US broadband households now own at least one smart home device, and device-owning households own an average of six devices in their home. A newly published Parks Associates report, Race to Control the Smart Home Ecosystem: Attracting Partners , states that as device adoption continues to increase each year, smart home platforms will help establish order out of the chaos that comes from the steady influx of connected devices in...
by Chris O’Dell | Jun. 20, 2019
Tags: home automation, Internet of Things, interoperability, personalization, smart home, voice control
Tags: home automation, Internet of Things, interoperability, personalization, smart home, voice control
Subscription-based business models cross a number of different industries with companies offering a product or service for a recurring fee. While these models offer a strong value proposition in hopes of an improved customer experience, the plethora of subscription-based offerings in the market offer the potential for subscription fatigue. However, Parks Associates research suggests consumers are not only willing to pay for a subscription—they are willing to pay for multiple services,...
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