Monetizing the Connected Home

Recent analyst reports continue to be bullish about the bright future of the smart home industry, expecting it to rise to a $121.73 billion value by 2022. That is a huge market potential, and a significant business opportunity for those ...
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Connected Care Technologies Can Help Bridge the Generational Gap

We live in a hyper connected society. No matter where we are, we are always just a few taps away from establishing contact with other human beings. With the variety of Social Media channels in common use today, our contact ...
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Telcos Begin to See Profit from Connected Living Technologies

Telecom operators have ability to change and adapt quickly to the fast-paced times in which we live. This market speed is essential for survival, since competition is fierce. Telcos began their journey as highly specialized companies that offered either telephone, ...
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European Consumer Confidence in Connected Home Services Grows

Good news is coming for all products related to the Connected Living market; or so we can conclude in light of some recently published data. A report by Parks Associates states that European homeowners demonstrate a high level of trust ...
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Lack of Interoperability in The IoT Space: The Need to Speak a Common Language

The Internet of Things is a fragmented market. There are hundreds, if not thousands of different companies creating and selling connected devices, products and services. The nascent industry is huge. New solutions are launched every day, either as standalone devices ...
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What Are The Hottest Devices in The Connected Home?

The connected home has not arrived to our lives as an explosive breakthrough as many analysts from the industry thought it would. Nonetheless, it is already here, among us. According to Parks Associates, in 2015, ownership of smart home products ...
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The Age at Which Users Start to Wear Panic Buttons is Decreasing

When speaking about PERS tech, the first idea that comes to mind for many people is the traditional panic button, a device that entails a long lasting stigma. It is not unusual for many seniors to refuse to wear them ...
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Overcoming the Stigma of Panic Buttons with Smart Alerting

The Medical Alert Systems market, also known as PERS (Personal Emergency Response Systems) has been rapidly changing for the past few years. The revolution in the industry has been so fast that many companies have not been able to keep ...
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Connected Home Trends Around The World

At present, North America leads the world connected home market. Favourable conditions for development —such as the recovery of the residential market— higher adoption rate of security systems and better consumer awareness regarding smart home technology than anywhere else in ...
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Who Is Bringing The Connected Home To Your Home?

It has been said many times: the connected home market is a very large one, and still mostly unexplored. With its huge potential and business opportunities, it comes as no surprise that many players want their share of the pie ...
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Types of Potential Smart Tech Consumers: What They Want, What To Offer Them

Our latest researches show that not all smart tech consumers are created equal. Each household has its own specific needs and individual homeowners also have different tastes and preferences. The connected home market is not a homogeneous one, so it ...
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Top 5 Ways IFTTT Can Help Make Your Home Safe

The promise of a connected home where all the smart devices work together to make life easier and more comfortable for homeowners seems like a very desirable scenario. But sometimes, getting devices from different manufacturers to work together and ‘talk’ ...
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Smart Care for People Living With Disabilities

As we have discussed in the past, people wish to stay in their own home for as long as possible, while remaining autonomous and independent. This is true not only for for people as they progress through the aging process, ...
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Insurance Companies Set Sights on Connected Home Solutions

Arguably, mainstream consumers are yet to fully grasp the value of certain aspects of the connected home, thus possibly keeping its proliferation to lower than expected growth. However, there is a clear indication that some service providers are beginning to ...
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Who is Buying Connected Home Solutions Today?

At present, the biggest adopters of smart technologies are consumers aged 30-44 (GenX) and Millennials. They are the early adopters: almost half of them already have some type of smart product at home, although the first group almost doubles adoption rate ...
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Connected Homes Help Users Save Energy and Money

The ability to reduce energy consumption and save on the monthly bill is one of the best rated benefits that owning a connected home offers. For European consumers, in fact, energy saving is the second most important feature in a ...
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Age Plays a Role in Consumer Expectations about Connected Home Technologies

According to a Gartner report, by 2022 a typical family could own more than 500 connected devices in their home. Regardless of how precise or optimistic these predictions may be, it cannot be denied that connected home technologies are gradually ...
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Connected Living Trends to Come

Like any young industry that is just beginning to take off, the Connected Living market is constantly evolving and changing at a very fast pace. We can see a clear example of its continuous adjustments and improvements at the events ...
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Connected Home Tech Brings Security and Convenience Together

Much has been written about how new connected home technologies have blurred the barriers between home automation and home security. The Connected Home is a powerful combination of both. The benefits of intertwining security and automation result in its numerous ...
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Ensuring Data Safety in The Connected Home is Key to Gain Consumer Trust

Data security is one of the main concerns among smart tech consumers and one of the major barriers currently preventing mass market adoption of connected home technologies. This is not surprising: not only because initial wariness is the natural reaction ...
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Smart Security Allows Users to Take an Active Role in Protecting Their Homes

The Internet of Things (IoT) is completely changing the way we interact with our homes. Its influence is huge in many aspects of our lives, but if we were to highlight a specific industry where the IoT and the connected ...
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The European Connected Home Market Welcomes Telcos

The U.S. market has set the example to follow. The main European telecommunication companies are closely examining the strong results of the American connected home market and have set themselves to refine their offerings and launches, seeking to stimulate a ...
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Traditional Security Providers are Expanding into Connected Home Solutions, and With Good Reason

While only about 25% of U.S. households have a professionally monitored security system installed, over 85% of homeowners have expressed a desire to be able to remotely monitor their home while away. It is clear that there is a huge ...
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Personal Emergency Response Systems or Why Panic Buttons Alone Are Not Enough

It’s a fact that world’s population is aging, especially in developed countries. There has never been so many seniors in the world as there are now, and their number keeps growing. In their golden years, older people want to age ...
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On the Road to Mass Market Adoption II: Addressing Consumer Fears and Worries

In the last post, we spoke about the best ways to help consumers understand the benefits of owning a connected living system, to raise technology awareness and to increase adoption rates. To go a step further and achieve mass market ...
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On the Road to Mass Market Adoption: Helping Consumers Understand the Value of Connected Living Technologies

We are closer than ever to making the connected home a reality for millions of households around the world. We have the means and the technology to make that possible, there is just one thing missing, and that is mass ...
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Telcos are in a Perfect Position to Offer Smart Home Services to Their Customers

The connected home offers a unique opportunity for telecom companies seeking to expand their business lines and look for ways to stay competitive in the market. As we discussed in last week’s post, telcos have good reasons to offer smart ...
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Connected Home: A Great Business Opportunity for Telcos

All the statistics, predictions, and customer trends point in the same direction: the connected home market is a big piece of cake that offers almost endless business opportunities for those who are quick to take hold of it. Why? Because ...
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What Role Will Partnerships Play in Developing New Business Models for Mass Market Adoption in the IoT Era?

Partnerships can generally be divided into two categories: those that enrich the functionality and services of the smart home consumer experience and those that deal with go-to-market channels. Alliances between whole home platforms and point devices enhance the eco-system and ...
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Keep Your Home Safe With Your Smart Home System

Living in a smart home is a great thing. It’s fun and it’s convenient. It allows you to save on your energy bills by automatically adjusting the thermostat to the weather conditions, or disconnecting electronic devices that are not in ...
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How Smart Monitoring Systems Can Help Prevent Falls

Falls are the leading cause of hospitalizations, injury and death among older people. One out of three adults over 65 falls each year, resulting in millions of hospitalizations, costly treatments and painful injuries that may increase the risk of early ...
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“Anywhere, Anytime” – How Smartphones Have Paved the Way for the New Smart Home Market

Back in 2007, when the first iPhone came out, the word ‘smartphone’ was barely known or used by general public. Now, eight years later, they have taken over the world. It is expected that by 2016 the number of smartphone ...
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Living in the ‘sandwich generation’

The alarm clock goes off, you wake up the kids, make breakfast, take them to school, you’re in such a rush you forget your laptop. When you finally arrive to the office, you make a quick call to your elder ...
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Essence protects your home

Home Automation vs Smart Home – are they the same?

The concept of a Smart Home began its journey with the idea of the personal computer for every household introduced by Apple in the late 70s, along with the advent of the X-10 home automation standard. The invention of the ...
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Top 3 smart home benefits

A smart home is much more than just an automated home. Imagine, for example, going away on vacation and upon arriving at your destination suddenly realizing that you don’t remember whether you locked the front door or not. Imagine taking out ...
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Survey results: are all Smart Home consumers created equal?

Are all potential Smart Home consumers interested in the same solutions? Do they have the same needs?  How does location impact your offering? How can we learn from the differences between the American and European consumers? ...
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IoT: Working together to make things better

The Irish group D:Ream predicted in their song back in 1993 that “Things can only get better” (highly recommended uplifting song). Today’s increasing connectivity of things, i.e. the Internet of Things holds the promise of making our world and individual lives easier and better ...
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Survey results: 72% value real-time connected home capabilities

Essence, leading provider of IoT, cloud-based connected-living solutions, has analyzed consumer usage of its connected home platform WeR@Home™: ...
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IoT in the home – saves time and money

Utilizing the Internet of things (IoT) technology, Essence Smart Living platform has enabled service providers worldwide to deliver and enhance people’s lives ...
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