alsYou’ve probably hear of Nest thermostats. In case you haven’t, they let you control your home’s thermostat with a mobile app. They can also learn from your usage what temperatures you prefer at what time of day and can create the most energy-saving thermostat schedule. According to Nest, independent research shows these smart thermostats can save you 10%-12% on your heating bill and 15% on your cooling bill.
Did you know there are also smart home devices that let you turn off a curling iron or coffeemaker when you’re away? Or turn on the lights on, in whichever colors you desire, as soon as you walk through the door? There are smart home devices that will start brewing your coffee with a voice command. Others monitor your home’s security and take video of anything or anyone that approaches your house. There are even smart doorbells that let you see and speak to anyone at your door, whether you’re home or not!
People are Reluctant to Make the Smart Homes Transition
Smart home devices offer enormous convenience and can help you save money and improve your home’s security. However, most consumers are not rushing out to add smart technology to their homes. According to S&P Global Market Intelligence, even though certain smart devices, like Nest, are popular, a wide majority of homes in the U.S. have not made the smart homes transition.
They Don’t Trust Smart Technology
The number one reason consumers report for not adopting more smart devices in the home is because they don’t trust what the devices do with the data they collect. This statistic is from a recent study done by Cisco which showed that even though 53% of those surveyed thought smart technology can make your life easier, only 9% of them trust it. As Inc, puts it, consumers “expressed concerns about how smart devices might openly share their home-related information.”
Some homeowners worry that hackers might be able to tap into a smart home and obtain their personal data. According to the above report by S&P Global, in 2016 hackers breached over one million home security cameras.
Smart devices will need to improve security and show consumers their data is safe before this technology becomes widespread.
Smart Devices Don’t Always Talk to Each Other
Another stumbling block on the road to the full smart homes transition is lack of compatibility. Different companies manufacture a wide variety of smart devices and they often cannot talk to each other. Consumers are frustrated by the fact that they cannot integrate all their smart technology in their home. Before the smart home transition really takes off, manufacturers will need to cooperate so people can enjoy full functionality with these devices.
For these reasons, it will be some time before most homes are smart homes. The transition is on the horizon, though. Market analysts agree that the adoption of this technology will accelerate every year. According to Assurant, it will more than double by 2022. According to their survey, “Forty-one percent of consumers we surveyed definitely or probably will purchase smart home equipment in the next 12 months.”
So even though the smart homes transition is off to a slow start, it’s picking up the pace. It will be exciting to watch and see how this tech develops and enriches our lives. What do you think? Have you made the smart homes transition or is something holding you back?