Smart Homes
Impactful Smart Home Experiences

Where the smart is.

Household chores today take up the equivalent of an estimated $11 trillion a year in consumer time, a figure expected to reach about $23 trillion in 2025.It is estimated that smart appliances that can operate independently to complete tasks such as vacuuming floors and chopping food can reduce that workload by 17 percent.
Energy management
Using sensors and predictive algorithms, smart thermostats can detect when no one is home and adjust the temperature to conserve energy. Over time the smart thermostat could learn about usage patterns and adjust heating or cooling to have the home at the right temperature when residents are due home.
Safety and security
IoT sensors and systems can greatly reduce losses to consumers from break-ins, fire, water leaks, and injuries in the home. Combining sensors, cameras, and powerful analytics, future IoT systems could sense when inhabitants are at risk and issue alerts to fire, police, or emergency services for prompt action.
Usage-based design
Home appliance usage data could be captured to help understand how consumers employ the product and use the information to improve performance and eliminate underutilized features. In the home setting, we estimate that such usage-based design could create value of $3 billion to $17 billion per year. This is based on the assumption that usage-based design could increase margins by up to 7 percent, through better product design.
Pre-sales analytics
By analyzing IoT usage data gathered from household devices, manufacturers could determine whether the consumer is a good prospect for upgrading to another model or might be inclined to buy another product or service. Based on how the customer is using one appliance, such sales opportunities could be worth nearly $5 billion per year.
Inject intelligence into your gadgets.

Through early detection, sensors could also help reduce property damage from water leaks and fire.Our sensors detect home leaks are already being sold. Use of such IoT systems could help reduce home insurance premiums by up to 10 percent, we estimate. In total, it is estimated that the economic benefit of IoT-based safety and security systems could be $15 billion to $20 billion per year.

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Infographic Explaining Benefits of Smart Homes

Why Smart Home is Inevitable.

IoT-enabled energy management applications could have an economic impact of $50 billion to $110 billion globally in 2025 through savings on heating, air conditioning, and overall electricity use. IoT devices could help reduce electricity bills by ensuring that devices are powered on only when necessary and by reducing usage when energy is most expensive. Our smart thermostats save 20 percent off heating and air-conditioning bills by turning on these systems only when occupants are expected to be home.