"Internet of Things" articles

The outbreak of COVID-19 and subsequent shelter-in-place mandates by government officials in many states have led to a dramatic shift in how consumers live and conduct business, including an increase in adoption and use of technology. Social distancing guidelines dictate that work, education, and entertainment activities are all centered on the home. In addition, brick-and-mortar retail store shopping is severely restricted, and consumers must find other ways to attain services that...

The ideal smart home experience for consumers is one in which a broad range of smart home devices are setup effortlessly and work seamlessly together, providing convenience to the user and enhanced value for all products in the ecosystem. The connectivity, automation, and data sharing derived from integration can create a differentiated user experience, when done well. A number of companies, and organizations continue to work on improving interoperability: CHoIP - Amazon, Apple,...

5G is a transformative, disruptive technology that must be leveraged in the next-generation of devices. High-speed, high-reliability, low-latency, secure networks will serve as infrastructure to enable a wide range of new products and services. Designed to be flexible, agile, and scalable, 5G can manage different data traffic types from devices with various network requirements.  5G Capabilities Benefits Technical Parameters...

Parks Associates is excited to feature insights from a speaker from our upcoming Smart Energy Summit , Dr. Matthieu Loos . Dr Loos is the Director of Decarbonization for Hoa Cleantech and has nine years of consulting and project management experience across North America and Europe in the electric vehicle infrastructure deployment and operations. Dr. Loos will be speaking in the panel, Building the Fast Charging Infrastructure: Speeding up EV Adoption , on Tuesday, February...

Affordability is now the key to the smart home. New Parks Associates research shows that affordability has become the leading purchase consideration for smart home device purchase intenders. More than half (51%) of purchase intenders rank affordability as a top 3 purchase consideration, beating product reviews (31%) and data privacy/security efforts (29%). Affordability concerns have also become the leading purchase inhibitor among non-owners and non-intenders. Nearly half (44%) of...

The breadth of connected products in consumers’ lives continues to expand year-over-year. Households with smart home devices now have an average of six smart home devices , and ownership of any connected device (10.5 per household) continues to increase each year. Market players are now looking beyond established smart home devices like smart thermostats and networked cameras to add new and emerging products to their smart home offerings. Products like smart water leak detectors,...

Connectivity in the home and the addition of connected devices continues to expand year-over-year. These products provide an increased level of convenience for consumers through home automation and home security applications, energy management and energy efficiency services, and the ability to control and monitor the home remotely. Smart thermostats have been around since the early 2000s; however, the introduction of the Nest Learning Thermostat in 2011 brought a greater level of...

Home builders are traditionally risk averse when it comes to adding new technologies in their homes. However, home builders can be an effective channel to introduce smart home products and services to a broad range of customers, including those that are not traditionally tech enthusiasts. Builders across the country convened in Irving last week for Builder Connections, hosted by Hanley Wood, to hear insights on consumer demand for smart home products and services and trends impacting...