The Top 5 IoT Technology Trends that Are Changing the Homeowning Experience

By Special Guest
Daniel Shaked, CEO & Founder, ClipCall
April 05, 2018

If you thought the Roomba automated vacuum cleaner and Nest smart thermostat were cool, buckle up.  Homeowners are in for a wild ride of innovation over the next few years as fast-approaching IoT technologies change the way people experience their homes. 

As the price of sensors continue to fall and applications increase, IoT devices will become ubiquitous throughout the home over the next five to 10 years.  This influx of sensors will dramatically change how we relate to our homes, too.  Instead of simply serving as a physical structure we return to every day, people will view the home as a connected entity, critical information provider and command center.  

The home’s IoT system will be key to managing the home for the benefit of the homeowner.  Following are the top trends where IoT innovation is occurring most dramatically:

Energy and Resource Management. Home energy management services can already connect to daily weather forecast data to automatically trigger events such as adjusting indoor temperature and lighting, shutting blinds, controlling sprinklers, etc. to enhance energy and water conservation.

Energy management is based on gaining a better understanding of energy consumption.  Products are coming to market that fit inside the electrical panel and monitors a home's energy consumption in real-time, down to the appliance or room, at a much more granular level of detail than current smart meters. These products can be asked to send push notifications to smart phones whenever energy thresholds are exceeded.

Security. Biometrics such as voice and optical recognition are joining the menagerie of devices now available that let you monitor and control your home security from anywhere in the the world via indoor and outdoor security cameras, video doorbells, and smart locks.  Geofencing technology that arms a system when you leave and disarms when you arrive back home are already available. Other security systems soon coming to market will be able to learn the resident’s movement patterns and mimic them while occupants are away from home.

Health monitoring. As the U.S. population ages, more attention is being paid to in-home medical monitoring systems that can connect older adults with their families, neighbors and emergency responders. IoT sensors are already being used for fall detection, opening and closing windows, measuring air quality, monitoring refrigerator temps or ensuring a stove burner is turned off.  When fully realized, IoT systems will help seniors retain their independence for much longer than before with less intervention needed by their children.

Artificial Intelligence. Most of the current smart home technology relies on the users to create their own rules to control their IoT devices. But as artificial intelligence incorporated into IoT systems, the home will be able to observe homeowner behavior, identify trends, and automate on the occupant's behalf.

Home intelligence will learn and know your preferences as you move through the home, such as climate comfort, lighting, shower temperature and more. The interactive home will also offer updates and advice in context with real-world events such as upcoming snowstorms or heat waves.

Preventative and Predictive Maintenance. At some point in the not-too-distant future, the home will notify homeowners of impending plumbing leaks, appliance failures, electrical issues and more – kind of like a “Minority Report” for avoiding home maintenance disasters.  Much of what is already possible from sensors in cars, planes and factories will come to the home. 

In response to the predictive abilities of IoT systems, there will be homecare-as-a-service offerings from contractors who can respond immediately when issues are detected, whether you are at home or away. In other words, your plumber will be contacting you instead of the other way around.

Home insurance companies already understand the game-changing nature of leveraging the capabilities of smart sensors and connected devices.  Like sensors found on cars today, home IoT systems will allow insurers to reduce risk and payouts while giving lower rates to customers who install systems that proactively monitor their home to avoid damage.

IoT home systems will soon become proactive in the management of people’s greatest asset – their homes – providing peace of mind as they take care of their homes and loved ones.  The IoT industry will be supported in this transformation by insurance companies, home maintenance firms, security firms, healthcare providers and more.

About the author: Daniel Shaked is the CEO and founder of ClipCall, a Silicon Valley-based provider of a mobile platform that leverages artificial intelligence and machine learning to ensure home repair and improvement projects completed successfully and with less hassle by service professionals to make homeownership easier.

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