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Sunday, October 1, 2017

Smart Home & Energy Providers

Growth of smart homes has accelerated over the past year. In 2016, 72 percent of consumers polled indicated they were unlikely to introduce smart-home technology before 2020. The respondents were also less inclined to pay for smart technology for the home. The reason for the shift is part down to the launch and marketing of Amazon's Alexa and Google Home. Both have been influential on consumer attitudes. There remains, however, a large section of consumers who do not want to splash out for IoT devices. The challenge is for energy companies to convince them. These drivers mean that energy providers need to adapt to the smart home concept and bring out services that either work in tandem with technology providers like Amazon, or bring out technologies of their own. There are risks with this, given the intense competition between energy providers.

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