Every week the Opus team picks a news story or topic or idea that is relevant to the entrepreneurs and businesses we partner with.

RSS Feed

Archives

The connected home

Ajit Deshpande - - 0 Comments

The phrase ‘Internet of Things’ has been somewhat synonymous with the cutting-edge of technology for more than a decade now; every major technological advancement, whether in computing, connectivity or mobility, has resulted in applications that have led to a more connected world. Last week’s CES show helped move the ball further down the field, with LG announcing its latest line of smart appliances that can be controlled through NFC enabled smartphones. These new appliances (such as refrigerators, washers, dryers and ovens) can be paired with smartphones using NFC tags, after which point LG’s voice-enabled smartphone app can communicate with them over WiFi/3G/4G. The appliances themselves can analyze data and share insights, for example, a refrigerator keeping track of its contents and communicating potential expiry dates, possible recipes etc.

We have come a long way in this journey towards a connected home – motion sensors, smart meters, networked lighting, connected security devices, smartphones, smart TVs, and now smart appliances. More so, there has also been increasing demand in recent times for remote access and cloud-based control for devices as garage door openers, irrigation controllers, power switches etc. – single-function devices that can still benefit from remote connectivity – and companies including Opus portfolio company Arrayent have been offering cost-efficient, appliance-agnostic ways for instrumenting and cloud-enabling such devices.

So what can we expect next? As corporations like Samsung, LG and GE introduce smart appliances, what will it take to be able to communicate and control appliances across these diverse brands? A smartphone could be a logical control node in the connected home, but most smartphone makers also make appliances, resulting in potential conflicts of interest from data-sharing. And what if a smaller player, say a sprinkler system manufacturer wanted to offer connected devices but didn’t have the expertise for it? Clearly there is need for device-agnostic, platform players in getting us to a truly connected home. Cisco & AT&T could be an option, and so could be someone like Arrayent in partnership with individual device manufacturers. Access to household data is the big prize that a connected home will bring, accompanied by a multitude of monetization opportunities, and so we will for sure see evolution at a rapid pace. The infrastructure is coming together; now on to a connected, smart home, all at the fingertips of the consumer!

« Back to Blog
Also on the Opus Blog

Consolidation at Point-of-Sale

December 4, 2012
Ajit Deshpande - Last week brought news of consolidation in the POS system segment – National Cash Register (NCR) Corporation announced its $650M acquisition of Retalix, a developer of software...

Pinterest on the rise!

September 10, 2012
Ajit Deshpande - Last week, Pinterest hit an interesting albeit purely notional milestone – that of becoming a larger source of traffic for publishers than Yahoo – in its journey towards...

Shopify extends its reach!

September 5, 2013
Ajit Deshpande - Shopify, one of the leading providers of online storefronts and payment processing solutions for retailers, last week introduced its own iPad-based  point-of-sale (POS) system for...

'Un-carrier' Wars

January 14, 2014
Ajit Deshpande - Last week saw a couple of interesting announcements from T-Mobile, pertaining to the US carrier ecosystem. First, T-Mobile announced its preliminary Q4’13 quarterly results last...