Smart business models for the connected home

Nick Ismail for Information Age:  Although the connected home has been around in concept form for some time, business models have so far lagged behind the bleeding edge of the industry. This article will look at some of the reasons behind this phenomenon, where successful business models are now, and how the smart business models of the future will develop.

The connected home has been a hot topic for a while – indeed the kernel of the idea can be traced right back to GE’s concept showrooms of the 50s – but only in the last few years has it become a real force to be reckoned with.

As technology has caught up with theory, the very foundation of a ‘smart’ or ‘connected’ home system has become more realistic and as a result, both traditional and non-traditional business models are being used to generate potentially impressive revenue opportunities. PwC predicts that the market as a whole could be worth almost US$150 billion globally by 2020, representing 35% average annual growth over this period.  Full Article:

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