Internet of Things research from Parks Associates predicts rapid growth in the smart home in 2015, as 37% of U.S. broadband households intend to buy one or more smart devices this year. This growing adoption of smart devices will raise the importance of interoperability and speed in innovation as consumers will expect all devices to work together and offer the latest benefits. In 2014, nearly two-thirds of devices purchased were part of a home controls or security system.

Parks Associates and Dassault Systèmes recently partnered together for a complimentary industry webcast examining strategies to speed up product management and development for smart home appliances. Executives specifically examined the key role of software in differentiating products, extending the product lifecycle, and managing firmware, cloud services, analytics, and applications to compete in the growing Internet of Things market.

Research highlights from the webcast included:

• Solutions to speed up product development
• New strategies for integration of innovative product development
• Importance of data in extending the product ecosystem and creating value-added services

Speakers on the webcast included David Bingham, Design System Curator of GE; Olivier Ribet, Vice President, High Tech Industry of Dassault Systèmes; and Todd Rytting, CTO of Panasonic. The discussion was moderated by Tom Kerber, Parks Associates' Director of Research, Home Controls & Energy. 

Download the webcast recording and slide deck by clicking here.

Further Reading:

• 37% of U.S. broadband households plan to buy a smart home device in 2015
• Over one-half of smart energy device owners report interoperability is very important
• The Connected Consumer: Top Trends in IoT