Smart Home Products Are Getting Cheaper

4/10/2017

Smart Home Products Are Getting Cheaper

Photo by Jake Kastrenakes / The Verge

August’s revamped smart lock is now $149, down from $229, a price that should draw far more people in to consider buying a smart lock. Sidebar: August’s smart lock doesn’t work on garage doors, which is where most people who have a garage would like their smart lock to be (unless you have a deadbolt on your garage door, which is very rare). I rarely ever open my front door, and I’m pretty sure I’m not alone in this. So, August (hi!), please make a smart lock that works for garage doors.

And then there is Ikea, with its low-cost line of smart light bulbs. Ikea’s Trådfri smart light bulbs start at $12 for a white bulb, compared to $20 for a TP-Link or $30 for a Philips Hue bulb. (There’s also a $15 Philips Hue bulb, but it can’t change the white temperature like the Ikea bulb can.) Given how many light bulbs you have to purchase if you want most of your home to be outfitted with them, the savings can be massive using Ikea bulbs instead of the alternatives.

That’s only three examples, but here’s the thing: you don’t need a lot of products to have a smart home. I have my entire house outfitted with Philips Hue bulbs (not cheap) and a Nest Thermostat E, and my home feels very smart. I can turn on my lights from across the country and my AC automatically cuts off when I leave the house — and that’s only two devices.

Photo: Amazon

Even the devices you need to control your smart home have become easier to use. You don’t have to deal with four or five different apps for the devices you get. These days, you can just use smart assistants like Alexa, Google Assistant, and Apple’s HomeKit to manage your collection of smart home devices. And those devices have fallen in price as well. Amazon just released a new Echo at $99, far cheaper than the $199 original version cost. Also, according to recent leaks, Google is expected to release a Home Mini at $50 to compete against the Echo Dot.

Theoretically, people can now outfit most of their house with smart bulbs, a smart assistant, and a thermostat or a smart lock for less than $400 — an impossible feat just a few months ago. The smart home may not technically be cheap, but it is getting cheaper, and that’s good for everyone.

Amazon’s Alexa Is A Real Smart Home Platform Now

2/10/2017

Amazon’s Alexa Is A Real Smart Home Platform Now

In the battle over smart homes, Amazon steps up from its supporting role.

Alongside all the new Echo devices Amazon announced on Wednesday, the company also revealed a subtle but significant shift in its smart-home strategy.

Alexa is no longer just a layer of voice controls that supplements other smart home systems such as Samsung SmartThings, Alphabet’s Nest, Philips Hue, and Lowe’s Iris. Instead, it’s becoming a full-blown smart-home platform, replacing many of the functions that those other systems provide.

The implication is that Amazon doesn’t want to play a supporting role in smart homes anymore. Instead, it wants a hand in every interaction, even if voice isn’t always involved.

ALEXA’S NEW SMART HOME SKILLS

Part of Amazon’s shift comes from the tools it’s now offering to device makers. In a press release, Amazon describes a new version of its Alexa Smart Home API as “the largest improvement … since it was launched in April 2016.”

The most notable change is support for routines that trigger several actions at once. This allows a user to say “Alexa, goodnight,” and have the system lock the doors, turn off the lights, and lower the thermostat. Alexa will also provide more feedback on device state, so users can check on the thermostat temperature or ask if any lights are on. Meanwhile, the Alexa app will serve as a central dashboard, where users can monitor and control their devices.

These are not new concepts for smart-home systems, and they’re not even new to Alexa. Samsung’s SmartThings platform, for instance, already supports multi-device routines that users can trigger through Alexa voice commands, as does Wink. But that’s the point: Instead of leaning on those companies for home automation, Amazon now wants to handle the automation itself.

[Photo: courtesy of Amazon]

A BIG BET ON PROTOCOLS

Still, Amazon can’t fully replace other smart-home hubs without offering one of its own. To that end, the company announced a new connected speaker called the Echo Plus. It has the same design as the original Echo, but adds a ZigBee radio inside.

Although ZigBee isn’t a household name, its energy efficiency and long range have made it a popular wireless protocol for smart lights, switches, sensors, cameras, and locks. The Echo Plus can communicate with those devices directly, eliminating or at least minimizing the need for additional hubs and bridges. (To drive the point home, Amazon has a promo that throws in one Philips Hue bulb with each Echo Plus.)

Amazon’s fellow tech titans have been reluctant to take this step. Apple has avoided building a HomeKit hub, content to let users deal with third-party bridges instead. And while Google’s OnHub and Wi-Fi routers both include ZigBee radios, they can only control Philips Hue bulbs through a smartphone app. Google hasn’t used those radios to build a broader smart-home hub.

By comparison, Amazon’s going all-in on ZigBee. In a blog post, the company says existing ZigBee smar- home devices should support Alexa voice commands “with little or no additional development,” and Ars Technica reports that more than 100 devices will work at the outset. To connect them, users just need to say “Alexa, discover devices.”

ENTER GADGETS

Some smart-home vendors might argue that their own hubs and bridges are still necessary. For instance, George Yianni, Philips Lighting’s head of technology for home systems, told me in a previous interview that the Hue Bridge has tighter integration with the company’s light bulbs compared to third-party bridges. He reiterated that point in an email this week.

“The Philips Hue bridge isn’t going anywhere; it enables us to keep adding to this experience,” Yianni said. “Consumers can enjoy the 700 third-party apps, Hue sensors and switches, custom scenes, new entertainment capabilities, and much more with the Philips Hue bridge.”

But Amazon may have an answer to this as well, buried within the strangest announcement from its Wednesday press event: Later this year, Amazon will launch a new category of “Alexa Gadgets” that can send and receive commands from devices like the Echo. The first of these gadgets will be a smart button that lights up and serves as a buzzer for trivia games.

For now, Amazon is pitching Alexa Gadgets as a fun diversion. Still, the underlying tools include the ability to move motors, react to Alexa notifications, synchronize with sounds or music, and send commands back to Alexa. In theory, these capabilities could power a wave of new smart-home triggers such as light switches, door locks, and motion sensors–all with deep ties to Alexa. This in turn could fill in the one missing piece in Amazon’s smart-home platform, which is the ability to have one device prompt an action on another.

All of this should put Amazon on a level playing field with Apple, whose HomeKit framework already includes both the voice interaction layer (through Siri) and the underlying routines and triggers (through the Home app). The new strategy also turns Samsung’s SmartThings and Alphabet’s Nest into more direct competitors, even as they support Alexa voice commands on their own platforms.

In other words, Alexa is no longer just a benign voice assistant that plays nicely with other smart-home platforms. With millions of Echos in living rooms, kitchens, and bedrooms, and a year-and-a-half of accrued knowledge about how smart-home devices should work, Amazon’s going to war.

How smart Is your home?

25/09/2017

How smart Is your home?

It is estimated that by 2021, 73 million homes — or 55 percent of all homes in the United States — will be smart-homes due to technology innovations that increase the efficiency and comfort of consumers’ homes, according to market research firm Berg Insight. Some of today’s most popular devices that homeowners and homebuyers alike are seeking include:

Smart thermostats – Among the most popular and arguably the most effective at improving energy efficiency, smart thermostats can learn the temperature preferences of the homeowner and auto-adjust to his or her schedule.

Smart security systems – The price points and options are seemingly endless, but highlights typically include remote/mobile access and control, to security camera footage and auto-locking doors.

Smart light bulbs – Certain energy-efficient light bulbs can keep shining when the power goes out, illuminate or dim at desired times or at the sound of a doorbell, and sync with smartphones so the lights can turn on when the homeowner is not home.

Smart doorbells – These come in various designs and colors, but most offer high-definition footage of live and/or recorded video whenever someone presses the bell, or on demand if the owner wants to see if someone is at the door.

Smart window shades – Control them from a phone, schedule them to open and close at specific times and/or simply tell them what to do using the voice activation feature that many models offer.

All in One

Smart hubs allow users to control multiple smart-home devices that are interconnected through a central hub. Most of the big manufacturers offer hubs for their various products, but products from different makers do not always integrate easily with each other, if at all. It is important to determine what your home automation needs are first and then identify which products offer the most compatibility.

“I always suggest that consumers start small with just a Hub and a Multipurpose Sensor,” said Jayson Howell, home appliance builder division account manager at Samsung and HBA member. “With those in place, you can do so many things — get notifications if a door is opened, trigger a light to go on if movement is detected in the garage, or know when your elderly parent opens the medicine cabinet.”

There are many applications for using smart-home technology depending on the needs and desires of a homeowner. “Via just a single app, users can turn on the lights, turn up the music and manage everything in between, whether they’re at home or away from the house,” said Howell. “The possibilities are endless.”

Given the convenience, efficiency and ease of use of smart-home technology, expect to see several of these features in future Parade homes.

By Home Builders Association of Kansas City

Get PUCK today for easy home automation!

20/09/2017

Get PUCK today for easy home automation!

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Here’s how the Internet of Things will explode by 2020

15/09/2017

Here’s how the Internet of Things will explode by 2020

The Internet of Things (IoT) has been labeled as “the next Industrial Revolution” because of the way it will change the way people live, work, entertain, and travel, as well as how governments and businesses interact with the world.

In fact, the revolution is already starting.

That brand new car that comes preloaded with a bunch of apps? Internet of Things. Those smart home devices that let you control the thermostat and play music with a few words? Internet of Things. That fitness tracker on your wrist that lets you tell your friends and family how your exercise is going? You get the point.

But this is just the beginning.

BI Intelligence, Business Insider’s premium research service, has tracked the growth of the IoT for more than two years, specifically how consumers, businesses, and governments are using the IoT ecosystem. John Greenough and Jonathan Camhi of BII have compiled an exhaustive report that breaks down the entire IoT ecosystem and forecasts where the burgeoning IoT market is headed. And you can learn more and purchase the report here:  The Internet of Things Ecosystem Research Report

During the creation of this report, they put together the infographic below to show how the IoT ecosystem functions and to forecast how the IoT is poised to explode by 2020.

There’s a huge investment opportunity in the smart home, Barclays says

11/09/2017

There’s a huge investment opportunity in the smart home, Barclays says

Premium Girl turning on switch

Jessica Peterson | Getty

You might want to think about investing in companies working to make our homes smarter, according to Barclays.

Manav Patnaik, an analyst at Barclays, said in a note to investors on Tuesday that the connected home “could represent one of the most significant investment opportunities over the next several years.”

GoogleAmazonApple and Microsoft are all major players in the space named by Barclays, and each is trying to create its own ecosystem. Other companies, such as light bulbs built by Philips, not specifically called out in the report, can be used across different platforms developed by Google, Apple and Amazon.

Patnaik argued that the connected home industry could be worth more than $300 billion by 2020. Barclays says hardware could contribute $130 billion to that estimate while software and advertising would amount to about $170 billion.

CNBC: Apple Home

Todd Haselton | CNBC

Smart homes aren’t necessarily new, but they have previously been limited to wealthy consumers who could afford to have highly specialized systems installed in their homes. Now, thanks to Apple HomeKit and other solutions, consumers only need an affordable hub and a smartphone to add voice controls to gadgets ranging from light bulbs to vacuums and garage door openers.

Barclays said voice control helped spur new interest in the smart home and which will be the driving force behind growth in the space.

“We believe a final major driver for overall adoption rates will be the ability of consumers to save money on their electric bills: We estimate that the full opportunity of converting to a smart home with a fully electric vehicle replacing a conventional vehicle would save consumers 46.6% on their annual energy bills while also increasing overall household usage by 14% in our base case,” Barclays said.

By Todd Haselton

Home Automation Market Size to Reach USD 39.88 Billion by 2024

6/09/2017

Home Automation Market Size to Reach USD 39.88 Billion by 2024

The global home automation market is expected to reach USD 39.88 billion by 2024, driven by rising necessity of consumers for protection against fire and break-ins. Availability of automated systems that can be operated over high-speed Wi-Fi, powerful smart phone ubiquitous, and growing popularity of Internet-connectable gadgets is expected to drive market growth. Moreover, reduced energy consumption and availability of a broad range of products is anticipated to boost the home automation market.

North America was the largest market accounting for 35.7% of the share in 2016, owing to the adoption of the technology and availability of affordable solutions is expected to augment market growth. Europe is expected to witness sluggish growth over the forecast period on account of market saturation. Factors such as awareness towards security & safety of property, particularly in countries such as Germany, UK and France, is expected to drive the market over the forecast period. Asia Pacific, Central & South America, and the Middle East are expected to lead the global home automation market in the next few years.

Wireless systems were extensively used and are expected to witness a growth at an 11.7% CAGR on account of shift of consumers to a hands-free method of operation. Computing network is anticipated to achieve substantial growth in future owing to the availability of wearable computing devices and high-speed internet connectivity.

PR Newswire

The Hidden Benefits of Installing Smart Home Automation

17/07/2017

The Hidden Benefits of Installing Smart Home Automation

By only using lights, AV equipment, and other technology when needed, such systems conserve energy, which of course, reveals another hidden benefit.

That home automation is fast becoming an essential component of your average, luxury property is hardly groundbreaking news. Inspired by the growth of smart speakers like Amazon Echo and Google Home, sales of smart home technology have reportedly soared over the last 12 months.

Yet according to one home automation installation firm, those investing in smart technology just to set a fancy lighting scene or have their favourite music automatically wake them up in a morning are actually getting a lot more than they bargained for.

Here, London’s Pro Install AV tell us how today’s luxury homeowners enjoy some significant hidden benefits from their technology.

A Greener Home

In today’s environmentally-aware times, most of us are on the lookout for anything they can do to reduce the carbon footprint of their daily lives.

However, many owners of smart homes don’t realise that they are already doing their bit to protect the planet simply by installing home automation.

By only using lights, AV equipment, and other technology when needed, such systems conserve energy, which of course, reveals another hidden benefit.

Lower the Cost of Utility Bills

Saving the world is nice, but so is saving a few pounds on the electricity bill too.

According to Pro Install AV, those with intelligent lighting control installed in their homes typically save around 40% off the typical cost of their energy bills.

Enhanced Home Security

A unique feature of most modern system is the ability to load pre-set scenes remotely via your phone or smart device. Working late and worried about home security? The click of a button can turn on lights and flick on the TV, creating the impression that somebody is home and ultimately deterring intruders.

Not bad for something you bought just to turn the lights down, is it?

By Sajid Qureshi 

Why Smart Home Devices Are A Strong Growth Opportunity For Best Buy

10/07/2017

Why Smart Home Devices Are A Strong Growth Opportunity For Best Buy

 

Recently, Best Buy announced that it is expanding space in 700 of its stores to better showcase Amazon’s Echo and Google Home devices and their interaction with smart home technology. Smart home technology is likely to be a key growth driver for Best Buy in the next few years. According to Zion Market Research, the global smart home market is likely to grow at a CAGR (compounded annual growth rate) of 14.5% between 2017 and 2022 and reach $53.45 billion by 2022. While home owners are enjoying the convenience and comfort of home automation, many need a detailed demo to be able to understand these products and choose the correct one for their homes. Further, integration of the smart home control device (Amazon Echo or Google Home) with devices such as lights, security systems and appliances is the key to convenience. For a smart purchase, homeowners need to understand these links to get the most value from these products. Expanding its store space to display these devices and demonstrate how connections work can help Best Buy in attracting and converting more customers for these products.

North America is expected to be the largest market for smart home products, and given Best Buy’s solid market position in the region, it is well poised to capture this growth. Further, setting up a home automation system can be fairly complicated, and Best Buy has an opportunity to provide services for setup, generating additional revenues. The company recently entered into a partnership with smart home solutions provider Vivint to sell its products and services in 400 Best Buy stores starting this summer. This partnership will ensure that at least one Vivint employee is present at Best Buy stores to assist customers in their purchase and installation decisions. While the smart home market is likely to grow rapidly in the next few years, issues such as complexity of installation and lack of awareness/education on the benefits of these products can suppress adoption. By bringing in experts to its stores to educate customers, Best Buy is ensuring that it retains its strength of a “go-to” place to understand and purchase new technologies. This initiative is likely to drive sales going forward.

We expect Best Buy’s revenues to decline gradually over our forecast period as it faces intense competition from e-commerce and omni-channel players such as Amazon.

BBY 20170629

However, a decent share of the $50 billion+ home automation market along with a focus on e-commerce initiatives can help Best Buy arrest this decline and grow revenues in the long term.

By:  Trefis Team Contributor

8/06/2017

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