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Just what is a 'smart home' anyway?

Just what is a 'smart home' anyway?

Twenty years ago, a porch light timer might have been considered smart home technology. Today, as demand surges for thermostats that "learn" your desired temperature throughout the day and refrigerators that tell you when you need more milk, the definition of "smart" is coming under scrutiny. That is because sellers and their agents are using the term to boost sales and prices.

Just what is a 'smart home' anyway?

Twenty years ago, a porch light timer might have been considered smart home technology. Today, as demand surges for thermostats that learn your desired temperature throughout the day and refrigerators that tell you when you need more milk, the definition of smart is coming under scrutiny. That is because sellers and their agents are using the term to boost sales and prices. There was a perception that if you had a smart home it would sell faster. One-third of our agents said that was happening, said Sean Blankenship, chief marketing officer of Coldwell Banker Real Estate, which is owned by Realogy. We need to have some sort of standard in our industry about what a smart home is and what it means. How is it relevant?

More than a quarter of all consumers surveyed by Coldwell Banker own at least one smart home product, and nearly half of millennials (aged 18-34) have adopted the technology. That's why Coldwell Banker, which was actually founded in 1906 in a region of California now known as Silicon Valley, teamed up with CNET, a technology news and review website, to define the smart home:

A home that is equipped with network-connected products (i.e., "smart products," connected via Wi-Fi, Bluetooth or similar protocols) for controlling, automating and optimizing functions such as temperature, lighting, security, safety or entertainment, either remotely by a phone, tablet, computer or a separate system within the home itself.

The home must have a smart security feature or a smart temperature feature in addition to a reliable internet connection. It then must include at least two features from a list of smart options, including appliances, entertainment, lighting, outdoor sensors, and safety detectors.

"Eighty-seven percent of Americans acknowledge the value of smart home technology, but only 1 in 4 has this technology in their homes," said Lindsey Turrentine, editor-in-chief of CNET.com, which recently added a smart home page to its website. "Smart home technology today is fragmented, much like the PC industry 15 years ago. An official smart home definition for consumers and real estate agents will provide clarity and credibility to the term."

Origin: Just what is a 'smart home' anyway? .cnbc.com

http://www.cnbc.com/2016/05/09/just-what-is-a-smart-home-anyway.html

 


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