"Internet of Things" articles

Parks Associates continues its twenty-sixth annual CONNECTIONS™ with our in-person conference in Frisco, Texas on May 17-19. Patrick Dunn, Program Director, Center for Health Tech and Innovation at American Heart Association will be featured on the panel, Health and Wellness Solutions: Expanding the Market , on May 19 at 1:00 PM CT, addressing how major changes in the energy landscape will shift how consumers manage their home energy in the future. Prior to the session, Patrick...

Despite slow and steady growth of the smart home, issues related to perceived weak value proposition still top the list of purchase inhibitors for smart home devices. Now, 37% of US internet households have a smart home device with smart doorbells topping the list at 15% adoption. Smart light bulbs, networked cameras, and smart thermostats are the next highest adopted smart home devices according to ongoing Parks Associates quarterly research of 10,000 internet households. Parks...

As of April 2021, 66% of US broadband households are familiar with telehealth services compared to 50% in May of 2020. The use of telehealth services has more than quadrupled, increasing from 15% in 2019 to 64% in 2021. A confluence of factors is driving the expansion of healthcare into the home. 1. Reimbursement changes: Over the past two years, CMS has made substantial changes to support virtual care reimbursement, including expanded reimbursement of telephonic evaluation and...

IoT adoption is growing across the world. This includes not just consumer smart home device adoption, but IoT deployments in industrial and business settings. IoT sensors and devices capture data and perform tasks, communicating over IP and other protocols with cloud or local systems to create intelligent systems and enable automation. These solutions support a wide variety of use cases, enabling more functionality while saving companies money and increasing revenue opportunities....

In the age of the Internet of Things (IoT), a tsunami of new information is coming from connected devices. Insurers, intent on securing the deepest level of insight, will need a way to tap into the source. Traditional insurance practices for data acquisition through third parties may not work; IoT data will be a source of competitive advantage and, therefore, not readily shared. The companies deploying smart home solutions, not the insurer, will have control of the relationship and...

Parks Associates’  CONNECTIONS™: The Premier Connected Home Conference  series is excited to announce  Plume  as a Research Partner. Plume is the creator of the world's first Consumer Experience Management (CEM) Platform powered by OpenSync™. As the only open and hardware-independent solution, Plume enables the curation and delivery of new Smart Home Services rapidly and at a massive scale. This allows Service Providers to offer their subscribers a...

At Design & Construction Week, Parks Associates—in collaboration with LG Electronics—recently led industry executives in discussions on consumer attitudes and behaviors towards new smart home technologies and connected devices. Here are insights from Sein Veit, VP, Product Management, GE Lighting, who participated in the panel, “ Design for Modern Living: Connectivity Driving New Trends. ” How do consumers view technology now versus before the Pandemic? During...

Parks Associates recently published the Top 10 Connected Consumer Trends to Watch in 2022 , where my colleagues and I weigh in on the top consumer technology trends we will see in 2022. One trend to look for is a move towards value-added services by ISP’s, due to hardware delays. Throughout 2020 and 2021, the US broadband market experienced a period of major growth with net additions at a historic multi-year high. Parks Associates estimates over 5.2M net residential...