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Data can help transform the “connected home” into a “smart home.” One in five North American homes have a smart home product that connects the homeowner’s physical environment to the Internet.
By tapping into this ever-burgeoning home data, IoT analytics platforms, like Mnubo’s AIoT platform, will morph the traditional connected home experience into a self-learning, adaptable, and personalized solution.
With the rise of connected homes, this opportunity becomes more complex and compounded as the sheer variety and volume of sensor data increases. In fact, it is predicted that by 2022, a typical family home could contain more than 500 smart devices.
Key takeaways include:
- Inter-Product Connections: Smart homes function on a broader scale than single connected objects – their applications rely on inter-product connections and leverage data from multiple objects.
- Purpose-Built IoT Analytics Platforms: Smart home product manufacturers are empowered with 360° insights on how their products are being used.
- New Business Opportunities: By extracting value from sensor data, IoT analytics can spur new business opportunities across the entire smart home value chain.
Value Across Stakeholders: Each of the stakeholders can leverage relevant insights to derive real business value for themselves as well as for the home owners