IOT and utilities: an opportunity to differentiate
According to analyst firm Gartner, the number of internet-connected devices in the home will almost double each year up to 2018, by which time there will be almost 1.1 billion devices.
There is a huge opportunity for utilities to ride this IoT wave and deliver smart home technology and services to consumers.
While smart home technology has evolved rapidly over the past few years, there are still too many barriers to its wide-scale adoption, especially to interoperability and integration among different suppliers. This represents one of the opportunities for service providers and utilities: to provide a single hub and app, linking disparate connected home technologies together.