For years the Smart Home has promised to enrich the lives of consumers and has inspired waves of manufacturer innovation such as smart speakers, intelligent thermostats and much more. While these innovations have offered incremental improvement in our home lives, the consumer reality has been a deluge of devices and services, greater complexity, and less security. In truth, the Smart Home remains elusive, the problems it intends to solve unclear. Only when manufacturers reach beyond devices and services with purpose-driven “Smart Living” solutions at home will this market cross the chasm to rapid market growth.
This neXt Curve research was conducted in collaboration with Martin Kienzle and Cristene Gonzalez-Wertz of IBM and William Thomas of Empathetic Machines. It explores the challenges and opportunities that IoT device manufacturers face in the fast-evolving Smart Home space and the need for a solution mindset to unleash the promise of Smart Living.
In this report, we cover the following topics regarding Smart Living:
- The market
- Adoption hurdles
- Framework for Smart Living
- Recommendations for both integrating business & technology strategy and pursuing privacy & security
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Managing Director, neXt Curve
Electronics Industry Leader, IBM Research
Research Director, IBM Institute for Business Value, Electronics + Environment, Energy & Utilities
February 25, 2019
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