I am sure that most of us would have come across the words either ‘smart’ or ‘connected’ when shopping for our most recent tech purchases. These words simply indicate that your shiny piece of new kit will communicate to the big wide world through the internet.
These days anything from your household security cameras to your toaster can be connected, and its becoming big business too. Just see 2014 for prime examples. Google’s 29 times revenue multiple based purchase of Nest or Samsung’s $200 million (rumoured value) purchase of SmartThings (an app allowing single connectivity for all of your smart devices) in August. It is clear that there will be a continuing shift in controlling all aspects of your home and in order to achieve this incumbent OEMs will need to move quickly to identify and acquire those rising software companies that will most likely become future winners for the technology standards as the consumer may look at this first and foremost before the device specification itself.
Of course, there is a more worrying side to all of this ‘smartness’…..security risks. As more and more devices in your home are connected to the internet the more you become open to hacking. This causes a concern not just from data loss but also privacy. Do you want potential thieves to know when your house is empty for more than 24 hours? Let’s also not forget the Samsung admission that its TVs could be listening to your personal conversations. Things for us to consider as we move forward with the smart trend….
Now, does anyone know where I can buy a connected hoover?