Today, the impact of technology is being experienced in literally every aspect of our daily lives. With unprecedented technological advancements and upgrades taking place at breakneck speed, we are increasingly seeing ¡®innovation¡¯ as one of the key drivers of this development.
In the last couple of years alone, we have seen rapid adoption of smarter gadgets & gizmos; from wearable technology to smart home appliances consumers are jumping onto the technology bandwagon at an increasing pace.
reuters
Innovative technologies such as internet of things (IoT), artificial intelligence (AI), augmented reality (AR) and connected devices are all playing their part in rapidly improving our lives.
The next breakthrough innovation involves a combination of IoT with other technologies such as AI and voice assistant.
Together, these technologies are creating transformational value in the consumer market. We have already been making steady advancements in the field of AI, the outcomes of which will lead to improved standard of living both at work and at home.?
IoT has enabled the development of voice-activated assistants like Amazon Alexa and Google Assistant that are disrupting our homes and enabling consumers to control multiple devices through voice-enabled technologies.
reuters
Through a simple voice-command, consumers can control all the devices and appliances in their home. These smart home appliances are seamlessly making our lives easier by eliminating manual efforts, thereby fastening its implementation.
Smart home technologies use internet-connected devices that enable the remote monitoring and management of appliances and systems in one¡¯s home such as lighting, heating, cooling, audio, video, television, security, cameras among others.
These appliances are all connected to each other and automated using IoT. Smart home appliances talk to each other and share data based on consumer usage patterns among themselves and automate tasks based on user's preferences.
According to a report by Statista, the smart home market is expected to hit 7.2% by 2022. Smart home technologies have opened doors for companies to innovate and offer new and innovative products for consumers.
With the introduction of smart locks and smart LED lighting products, consumers are gradually integrating smart living into their daily lives.
Today, the market is flooded with smart automated products. Additionally, the smart product portfolio includes Smart TV¡¯s, smart speakers and smart plugs that make other regular devices smart when connected to them.?
An example of smart plugs would be if you have a microwave at home, all you need to do is purchase a Wi-Fi enabled smart plug and place it into the electrical outlet to connect it to the microwave. This way, within a matter of seconds your regular microwave can be converted into a smart microwave.?
With smart home technologies, consumers can change the temperature of their living rooms simply by speaking to Amazon Echo or Google Assistant and can even adjust the lighting of the room depending on their mood.
As smart home technology becomes increasingly affordable and easy to use, we will see increased adoption of smart home products & solutions among Indian consumers.
In the very near future, homes will become so futuristic they will look like a scene from a science fiction movie. From comfort and convenience to security, smart homes will revolutionize day-to-day living for the better.
About author: Gurumukh Uttamchandani is the Executive Director of SYSKA Group