The Connected Home was a new zone on display at the 2015 Hong Kong Electronics Fair, providing a glimpse into the future with the application of Internet of Things (IoT) in the home environment. Here are five lessons we took away from the show.
1. Smart Manufacturers will make smart products
Much that is written about home automation focuses on the consumer benefits of IoT, but there are also potential for manufacturers investing in building smart devices to save themselves money in the long run.
via Five Smart Home lessons from the Hong Kong Electronics Fair 2015 – Appliance Retailer.
While the switch to renewable sources of power, like solar, has great environmental benefits, they are more prone to fluctuations, which makes it more difficult to manage the overall electrical grid. A pilot project in Germany, however, may have found an answer – one that will be in every home.
The idea is that as more homeowners generate at least some of their own energy, by installing solar panels, for example, they can also help stabilize the overall power grid when they have extra energy and the grid is running short. Caterva, a subsidiary of Council Associate Partner Siemens, is already testing the concept in Germany.
via Smart Cities Council | Key to electric grid stability may be in every home.
One of the primary benefits of Internet of Things (IoT) devices is their ability to collect data that will ultimately help increase efficiency and mitigate problems before they occur.
Now, power companies have begun to take advantage of smart meters, in particular, in order to directly connect with their customers and find out information about their power use. From there, the power company can allocate energy efficiently through a connected smart grid and encourage customers to monitor and reduce their own usage.
via The Internet of Things will reduce energy use – Business Insider.
Consumers clearly see the benefits offered by home automation but they also have very specific requirements that need to be met before they’d consider investing, a new survey has shown.
The survey, which asked US, UK and German consumers their attitudes towards the smart home, showed that almost half (46 percent) of consumers think smart home devices will become mainstream within five years and revealed a strong preference for smart home solutions that offer tangible benefits.
via Smart homes: Consumers are ready to start living like the Jetsons.
An increasing number of case studies are emerging to demonstrate the business case and benefits associated with developing smart buildings. According to a new IDC Energy Insights report, leading organizations around the world are encouraged to evaluate their current smart building status and to implement short to medium term plans to capture those benefits. In fact, the new report, Business Strategy: Global Smart Building Technology Spending 2015–2019 Forecast (Doc #EI254932), forecasts smart building technology spending to grow from $6.3 billion in 2014 to $17.4 billion in 2019, registering a compound annual growth rate (CAGR) of 22.6%. The most aggressive adoption will be in Asia/Pacific, North America, and Western Europe.
via IDC: Smart Building Spending to Grow to $17.4 Billion – M2M Magazine.
The California Energy Commission recently announced a proposed award to Robert Bosch LLC for $2,817,566 to demonstrate a high-penetration, renewable-based microgrid. With this award, Bosch plans to demonstrate the effectiveness of its direct-current building-scale microgrid platform in an American Honda Motor Co., Inc., parts distribution center. The project is designed to illustrate the viability and benefits of a commercial-scale DC building grid compared with conventional AC-based grid connected solar photovoltaic (PV) systems or microgrids.
The Bosch DC microgrid project will connect rooftop solar PV arrays to energy-efficient DC lighting, DC ventilation and DC energy storage systems on a 380-volt DC bus to form a DC building grid. The approach is designed to allow commercial buildings to become zero-net-energy users in a cost-effective manner.
via California Energy Commission Awards Bosch-led Team $2.8 Million for Commercial-Scale Energy Grid.
In a recent keynote address in Washington, D.C., PG&E President Chris Johns laid out the company’s vision for a 21st-century power grid equipped to maximize the use and benefits of a growing array of advanced energy technologies available to utilities and their customers, from electric vehicles and rooftop solar to smart appliances and battery storage.
Johns spoke at “Powering the People: Connected Conversations,” an event at the Newseum sponsored by the Edison Foundation Institute for Electric Innovation (IEI). Johns is co-chair of IEI’s management committee.
Johns said: “Our customers expect us to develop, build and maintain a grid that allows them to take full advantage of all of the new energy technology that we are seeing today — and in a way that gives them maximum flexibility, maximum choice in how they use energy, and ultimately maximum value. At PG&E, we’re thinking of this type of grid as the Grid of Things.”
via PG&E President Says Utility is Investing Today for the ‘Grid of Things’ of Tomorrow.
SAP SE and software firm Jasper entered into a collaboration to simplify the deployment and management of Internet of Things (IoT), a step that is expected to optimize business value for both customers and partners. The alliance is likely to reduce the launch time of IoT services and thereby, maximize monetary benefits for user enterprises.
via SAP to Drive IoT Innovation with Multiple Collaborations – March 5, 2015 – Zacks.com.
Humans are often reluctant to take the steps they need to improve their lives. When our tooth aches we put off the dentist, hoping the pain will subside by itself. We struggle to change our fitness or eating habits even though we know they have lifelong benefits, says Oracle‘s Mike Ballard.
This irrationality is not confined to our personal lives: there are plenty of examples in the world of business where organisations delay measures that they know will bring them benefit. In the world of utilities, this is well-illustrated by the industry’s conflicted approach toward analytics.
via Revolutionise the modern utilities infrastructure with a dose of analytics – M2M Now – News and expert opinions on the M2M industry, machine to machine magazine.
You thought the Internet of Things was already growing fast, but it’s about to explode; the 1.2 billion connections across the globe in 2014 that fall into Internet of Things territory will become 5.4 billion connections in 2020.
In a recent report “State of the Market: The Internet of Things 2015,” Verizon and partner ABI Research broke down the world of Internet of Things, exploring the technology’s benefits and opportunities.
via Are you ready for the Internet of Things explosion? — Washington Technology.