Home utilities are monitored and controlled
Implications - Extending IOT's infiltration of the home beyond basic connectivity, monitored utilities serve a multitude of modern consumer needs. These include eco-consciousness, curation of the holistic lifestyle, and frugality. Furthermore, this signifies a shift in consumer preference that goes beyond understanding major parts of home life, and intro controlling them.
Workshop Question - How might you implement artificial intelligence to increase your brand's efficiency?
Trend Themes
1. Monitored Utilities - Consumers have a growing preference for controlling their home utilities and appliances through the use of smart systems that monitor their usage patterns and promote eco-consciousness, frugality and healthy lifestyles.
2. Incentives for Consumption Reduction - Companies in the hospitality industry are monetizing the idea of responsible consumption by offering discounts to guests who monitor and limit their water and energy usage, creating an opportunity for businesses to promote environmental awareness while also retaining customers.
3. Smart Home Monitoring Sensors - The use of built-in sensors and accompanying apps allow for monitoring of various environmental factors, such as motion, temperature, sound, sunlight, and humidity, improving the overall efficiency of living spaces.
Industry Implications
1. Smart Home Technology - Companies in this industry can explore opportunities to develop innovative products and services that assist in the monitoring and controlling of home utilities.
2. Hospitality - Hotels and resorts can create customized incentives that promote responsible consumption and reward guests for their commitment to sustainable practices.
3. Environmental Management - Businesses can improve the efficiency of their operations by implementing smart systems that monitor energy usage and promote waste reduction, ultimately reducing their environmental impact and operating costs.
7 Featured, 60 Examples:
114,952 Total Clicks
Date Range:
Jul 14 — Jul 17
Trending:
Average
Consumer Insight Topics:
