One Quarter of Millennials Have Begun Building Smart Homes and Four-in-Ten Want One, According to The NPD Group
Millennials are on the road to building smarter homes. According to The NPD Group Connected Intelligence Home Automation Advisory Service, Millennials are twice as likely as the total population to have a smart home product installed in their residence. The array of smart home products evaluated include network connected security and monitoring devices, sensors, system controllers, smart lighting, power, and appliances. One-in-four Millennials (23 percent) already installed at least one of these products in their homes, compared to 12 percent of the total population. Millennials will continue to drive the growth in this market as four-in-ten (41 percent) of this age group are already aware of and interested in owning smart home products. A key factor that is driving this early growth is that the smart home market is no longer just for home owners. Renters are as likely as home owners to have smart home products installed, and are three times more likely to be part of the millennial age group. More than a third of renters are between the ages of 18-34. “Today’s smart home products no longer require professional installation and ongoing subscriptions, many are now plug-and-play options,” said John Buffone, executive director, Connected Intelligence. “The product mix such as smart cameras, lights, and plugs, fits the lifestyle of both home owners and renters which opens up a larger, younger and more tech-savvy consumer market.”
One way to mitigate the risk of outages at all might be the selection of a smart home solution, which keeps a local version of the cloud software on the hub.
by Stacey Higginbotham for Fortune: Early adopters, venture capitalists and entrepreneurs have bought into the idea of a smart home, but mainstream consumers haven’t. Leeo, a company that makes a connected nightlight that doubles as a smoke detector for the mobile era and has raised $37 million in funding, laid off about 30% of its staff Wednesday. Earlier this month, we reported that product manufacturing shop Quirky was unwilling to support its home hub software company Wink and it has put it up for sale, according to sources. Meanwhile, a home automation management device built by startup Ninja Blocks failed to raise funding and shut down. Smart home startups like Goji and Plum are so late to market with their products that supporters who gave them money through their crowd-funding campaigns have given up on them. Goji’s smart lock was supposed to ship 18 months ago. Now the company is only shipping a small number of locks and plans to fulfill all other orders by August. Plum, a connected Wi-Fi light switch maker founded by the former head of CEDIA, the trade association for professional home automation installers, announced its product in early 2013 and plans to ship later this year. They were supposed to be ready in August 2013. With $454 million invested in connected home companies last year, there is plenty of money riding on the smart home. According to CB Insights data, smart home startups took in a little over $1 billion in funding between 2012 and 2014. Cont'd...
Jim Kim for TechCrunch: The smart home industry won’t be advanced by throwing as many sensors into a device as possible or creating a robot controlled by voice commands. Similarly, the industry isn’t waiting for a breakthrough technological advance to finally achieve its potential. The technologies essential to developing smart home products — Bluetooth and product sensors that make up the Internet of Things — aren’t new; they’ve been around for decades. To establish market dominance, companies must develop ecosystems or a unified platform of elegant user experiences to enable the convergence of the full range of smart devices. Asian consumer electronics companies, especially recent Chinese wunderkinds such as Xiaomi have been building a tremendous production advantage based on three key elements: engineering, manufacturing and massive scale. With rapid innovation cycles that produce high-quality, low-priced goods, Chinese companies have the scale and consumer base to set the standard for interoperability — possibly before they even enter the U.S. smart home market. U.S. companies that want to thrive should redouble their efforts in providing products with real utility to the customer while closely monitoring the progress of Chinese companies. Their very survival could depend on it.
Here are some crowd funding projects of interest.
Today, the team behind such technologies and products as the iPhone, Apple Watch, GoPro and FitBit have announced the June Intelligent Oven — a powerful and easy-to-use computer-based countertop oven designed to bring the kitchen into the smart home era and make everyone a better cook. June combines professional-grade technology with a powerful quad-core processor, built-in camera, sensors and Internet connectivity to take out the guesswork of making perfectly cooked foods. The result is the world's most intelligent oven, and the next evolution in cooking for the digital age. June has raised $7 million in Series A funding led by Foundry Group, First Round Capital, Lerer Ventures, and Founders Fund Angel to accelerate product development, manufacturing, and recruiting.
Michael Wolf for Forbes: HomeKit is Apple’s attempt to bring sanity to the smart home space (and also sell a lot of iOS devices while they’re at it), but unlike Apple Watch the effort involves a whole bunch of hardware partners. In fact, it’s probably the first major Apple strategic initiative that is as much about other companies hardware as its own, which is what makes HomeKit both so compelling for the industry and challenging for Apple itself. Compelling because many believe Apple’s entry into the smart home will bring both consumer attention and possibly more coherence to what’s been a fairly fractured market to this point. In my view this may be the biggest impact of HomeKit, alongside putting a core smart home control app on iOS devices. Long term, we expect HomeKit to become one of the most important platforms for companies building connected devices for the home, to the tune of 180 million HomeKit enabled devices shipping annually by 2020.
We're reaching the point where good science/technology will be put to use in ways the pioneering developers never intended.
John Patrick Pullen for Time: When Microsoft announced this week that Windows 10 would be available July 29, Start Button devotees the world over rejoiced. But the return of everyone’s favorite app launcher is just one of many new features rolled into the forthcoming operating system. The biggest and most exciting element added to Windows computers is one that went largely unmentioned: smart home control. Microsoft announced last November Windows 10 would pack a technology called AllJoyn. An open source framework that encourages devices to be interoperable, AllJoyn was developed by the AllSeen Alliance, a group of more than 150 companies including the likes of Electrolux, Honeywell, LG, and Qualcomm that have banded together to make an open standard for Internet of Things (IoT) devices to speak to each other. “AllJoyn technology is like dial-tone for things,” says Philip DesAutels, a senior director of IoT at The Linux Foundation. What he means is this new protocol harkens back to how when you bought something to plug into your home’s phone jack — an answering machine, a cordless phone, a fax — it would just work. The idea behind AllJoyn is that whatever smart home products you buy, no matter the manufacturer or which wireless method they use to connect, when they get plugged in, they are detected and connected to all the other AllJoyn devices on the network. Cont'd...
Learning how to drive the internet highway on the path to the Smart Home means rules, regulations and laws.
Aaron Tilley for Forbes: Five startups are announcing the launch of the very first HomeKit-certified devices today. HomeKit is Apple’s standard for how third-party smart home gadgets connect in iOS. These five HomeKit-compliant devices include: Ecobee’s $250 WiFi-connected thermostat. Elgato’s line of sensors that collect data on air quality, humidity, air pressure, temperature as well as energy and water consumption. iHOME’s smart plug that allows users to turn on and off appliances wirelessly. Lutron’s bridge device that connects the HomeKit standard with its connected lighting system. Insteon’s bridge device that connects its massive catalogue of existing home automation devices with HomeKit. Each of these device makers had to go through Apple’s MFi (“Made for iPhone/iPod/iPad”) program to achieve certification. Apple requires device makers to install an authentication chip in their product as well as go through extensive usability testing to make sure the products live up to Apple’s lofty standards.
Adam Clark Estes for Gizmodo: Smart lighting systems like Philips Hue are futuristic and awesome and, typically, expensive. But IKEA wants to offer this type of technology to the masses. The Swedish flatpack furniture empire is developing an entire smart home system, and it looks futuristic and awesome and, you guessed it, cheap. This shouldn’t come as a huge surprise. IKEA’s been inching into the home electronics business very deliberately, and it’s only natural that it would want to upend the burgeoning smart home market. Creating with a connected lightbulb system makes good sense. We already saw IKEA’s affordable, motorized sit/stand desk last fall. Then, came IKEA’s versatile and customizable wireless charging system that hit stores this spring. But next fall, the so-called Home Smart II Lighting Collection will take things to a new level. At least, IKEA says it’s going to do this. I recently visited IKEA’s headquarters in Älmhult, where the company was showing off all kinds of new goodies, from vegetarian meatballs to couches made out of paper. At an event that I can only describe as a science fair for furniture, I learned a little bit about how the new lighting system will work. Since I didn’t test the products themselves, I’ll offer you IKEA’s description of the system, which is being developed in collaboration with Frog Design. Cont'd...
By Jacob Kastrenakes for The Verge: The promise of the smart home is a world of appliances that anticipate your needs and do exactly what you want them to at the touch of a button, but that vision devolves into chaos when none of those devices can actually talk to each other. That's more or less the state of the smart home today, but now Google is trying to offer a solution. At its developers conference this afternoon, Google announced two pieces of software for the smart home and the broader collection of connected devices around us, increasingly known as the internet of things. Those two pieces are Brillo, an operating system, and Weave, a common language for devices to talk to one another. And importantly, Weave doesn't have to run on Brillo — so appliance manufacturers can theoretically add it on to their existing products. With Weave, Google is creating a "common language" that devices can use to talk about things like locking a door, taking a photo, or measuring moisture. Google will keep adding more functions as it thinks of them, and developers will be able to submit their own functions, which Google will vet and potentially add in. Weave devices are even required to go through a certification program to ensure that they work properly.
With all things going wireless these days, the next logical step in retrofitting controls would seem to be adding wireless switches. In many cases where the distance is short and the walls are hollow, wireless devices can work well. However as distance between devices increase, reliability tends to decrease.
By Adriana Lee for ReadWrite: Since Apple announced its HomeKit smart home initiative last year, it's been mostly quiet about just how iPhones and other Apple gadgets will wrangle those connected devices. Now, however, the company may have a fancy new app in the works—complete with virtual rooms, a clever and apparently easy-to-grasp metaphor for running a smart home. Apple’s approach, according to a 9to5Mac report, will be to launch a new "Home" app for controlling smart-home gadgets—think smart locks, sensors, garage openers, thermostats, lights, security cameras and other connected appliances. The Home app will sort gadgets by function and location into a visual arrangements of virtual rooms The goal is to simplify the otherwise bewildering task of finding, adding and controlling smart devices and appliances from Apple and other companies.
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C1M1 offers a truly significant reduction in transmission time in comparison to other communicators that rely on dial capture or data bus decoding. This can result in quicker response time to emergency situations which could save lives and assets. By providing both IP and cellular pathways, C1M1 provides the reliability installers are looking for in an alarm communicator. C1M1 eliminates port forwarding and extra fees for remote access. Installers can remotely upload/download programming changes to M1 controls over IP or cellular using ElkRP2. Consumers can control the M1 remotely via the free ElkLink mobile app and web portal, as well as eKeypad and M1 Touch Pro apps. Other IP-based software and interface partners can connect to the M1 control over the local network through C1M1. C1M1 also provides email/text notifications for arm, disarm, and alarm events. ELK-C1M14GSM supports GSM (AT&T/T-Mobile) networks and ELK-C1M1CDMA supports CDMA (Verizon) networks.