A decade ago, the idea of controlling your home’s thermostat, lights and security systems remotely via smartphone would have seemed like futuristic science fiction. But 2017 proved to be the year of the smart home. Technology in this market continues to grow leaps and bounds, and Zion Market Research predicts it will reach $53.45 billion by 2022.
2018 holds even more promise for the smart home industry, as devices like Google Home, Alexa and Amazon Echo become more commonplace and artificial intelligence becomes more sophisticated. We asked 14 members of Forbes Technology Council what they think consumers can expect in the coming year.
1. The Next Security And Privacy Crisis
We have shared our digital footprint for convenience. With smart home technology, we are sharing our physical footprint. It is not a matter of if but when these systems will be compromised, and the consequences could be much more severe than lost social security numbers. Addressing security and privacy will become a fundamental concern that will shape this industry.
2. Integration Of Smart Home Devices
Integration will make or break smart home technology. Navigating goofy AI misunderstandings for 12 appliances and the front door is not the way of the future. But can smart homes make sure you remembered to turn off all the lights? Lock up? De-activate alarms upon recognizing your face? I believe we will see more integration that supports homeowners in 2018.
3. A Greater Role For Artificial Intelligence
I’m wrapping up repairs and renovations on an investment property, and we opted to install a bunch of Nest and Ring products to better secure our investment. The video surveillance is great, but I can see AI being used to automate threat detection and maybe more proactively alert us if something goes awry. This would revolutionize the human aspect of remote video monitoring.
4. A Focus On Surveillance And Appliances
Homeowners will like the idea of more cool ways to control their homes. Surveillance has become more necessary to combat crime, as more people work from home and want to protect their physical and intellectual property. Appliances also could be a focus since people would like their appliances to take on more of the workload.