New research from the Parks Associates (www.parksassociates.com) research group predicts rapid growth in the smart home in 2015, as 37% of U.S. broadband households intend to buy one or more smart devices this year.
This growing adoption of smart devices will raise the importance of interoperability and speed in innovation as consumers will expect all devices to work together and offer the latest benefits. In 2014, nearly two-thirds of devices purchased were part of a home controls or security system.
“Connectivity is changing everything and creating market conditions where the speed of innovation is a key success factor in the smart home,” says Tom Kerber, director, Research, Home Controls & Energy, Parks Associates. “In the era of the Internet of Things [IoT], traditional development times for appliances are too slow. This webcast will examine the importance of data in extending the product ecosystem and creating value-added services.”
“Big data and IoT solutions are reshaping business as we know it today,” adds Olivier Ribet, vice president, High-Tech Industry, Dassault Systèmes. “Innovation in the age of smart, connected experiences is becoming key for appliance manufacturers. Accelerated innovation will require a higher degree of efficiency through a completely integrated system development platform with a very high level of collaboration.”