Blog articles from 05/2019

Content Submitted by Universal Electronics Inc. Announcing the availability of a subset of  QuickSet Cloud's APIs  on  RapidAPI  - an API marketplace for developers with over 500,000 developers and 8,000 APIs! RapidAPI allows the developer community to find and connect to any API easily. In an effort to empower the developer community, and foster innovation, we are making portions of our  device knowledge graph  that enables device...

Content Submitted by Universal Electronics Inc. You can imagine that a device can be assigned a unique fingerprint based on a combination of attributes. Device fingerprinting is the technique where relevant data and features about a device are identified, extracted and profiled in order to uniquely identify the device within the home. This can be done across multiple networks within the home; and if paired with a knowledge graph of devices, can be used to automatically retrieve...

Content Submitted by Universal Electronics Inc. A recent survey by Parks Associates claimed that 75% of the consumers purchasing a new device want it to work with the existing devices within their homes. This means that consumers value interoperability, but what does this actually mean? What is it that consumers really want?! Let's take a look at some examples from today's homes. I am a consumer and want to buy a new garage door opener. Before making a purchase, I want to...

As the smart home industry attempts to cross the chasm—moving from adoption among early adopters to the early majority—brands in the space fervently seek to understand the value propositions that drive product adoption and how to improve perceived product value. Understanding the buyer journey is equally important for industry development. Retailers lead in the sale of smart home devices. National and local retailers lead online-only retailers in sales of all devices except...

A number of market developments and trends are impacting the security industry, leading to changes in business models, enhancements in current product offerings, and new solutions that appeal to the 70% of households without traditional security systems. Monitoring has become a commodity in the residential security market, as such, companies are looking at ways to differentiate themselves and stay competitive long-term. Approaches to differentiation include business model shifts,...

The smart home industry has tried to shift to a service-focused business model in order to drive recurring revenues and better align with its new cost structure. Value creation in the industry is evolving from benefits derived solely from hardware to include those derived from software. However, consumers have been somewhat resistant to acquire smart home service subscriptions. The percentage of consumers paying a monthly or annual fee for a home control system has remained steady since...

Parks Associates estimates the U.S. will have 169 million actively connected cars, or 56% of all light vehicles, by 2022. Meanwhile, nearly one-quarter of U.S. broadband households own at least one smart home device and the average number of devices owned per household continues to increase each year. New connected car features offer innovative safety, comfort, and entertainment experiences, including crossover opportunities for the smart home. For example, with a smart home and...

With adoption of connected health and smart home technology growing, interest is rising in how to connect these two experiences. We’ve seen in-home consumer electronics devices start to become HIPAA compliant, and partnerships increasingly beginning to arise across verticals. But which partnerships have compelling use cases, how should these partnerships be implemented, and what is the business case?  Moderated by Kristen Hanich , the CONNECTIONS™ session, “...