Smart home revolution gains momentum in Australia, Telsyte says

More than 40% of households in Australia have at least one smart home device, up from 29% in 2016, according to the latest study by Telsyte.

The report, which comes in at 98 pages, also finds the average Australian household has 13.7 Internet connected devices in 2017, with that number expected to increase to 30.7 by 2021. 14 of these are expected to be what Telsyte calls ‘IoT@Home’ devices – smart home devices – in four years’ time. The collective value of the smart home market in Australia is predicted to be AUD $ 4.7 billion in 2021 – a sharp rise from the $ 377m in 2016.

Intelligent features which utilise cloud-based machine learning to provide lifestyle benefits and which go beyond self-monitoring and user initiated outcomes is said to be the key to attracting and maintaining customers, Telsyte says. Despite the expected rapid adoption, barriers such as concerns around cyber security and privacy, will still need to be overcome. The survey revealed that half of Australians are concerned about security when “everything will be connected to the Internet in the future”.

‘IoT@Home’ is also expected to be a new battleground for telecommunications companies, retailers, energy suppliers, insurance companies and category specialists all seeking to differentiate themselves in price competitive industries, against the backdrop of widespread rollout of NBN services, fierce online retail competition and rapid digitisation of consumer lifestyles.

Foad Fadaghi, managing director at Telsyte, said: “The Internet of things at home will touch many industries as businesses use smart automation to create new products and services for their customers. The challenge will be to take households on the automation journey while handling privacy, security and upfront costs concerns.”

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IOTAS Snaps $5.3M to Fast Track Home Automation Solutions

IOTAS, a Portland, Oregon-based home automation platform raised $ 5.3M in new funding. The funding round was led by Oregon Angel Fund and Rogue Venture Partners.

The startup offers an integrated solution consisting of hardware (switches, outlets, thermostats, and sensors) and software (the IOTAS app) to Multi-Family-Homes (MFH) for making apartments smart and intelligent. The software lets users manage up to 30 devices through one unit via IOTAS mobile app while neatly integrating with third party apps like Nest, Amazon Echo, August, and others.

The complete IOTAS (IoT-as-a-Service) solution consists of hardware, software and Android and iOS apps.

The hardware consists of IOTAS Hub, Smart Switches, Smart Outlets, Door sensors, Motion Sensors and Smart Thermostats. The platform also integrates with third-party hardware like door locks, ceiling fans, garage doors and voice control apps. The hardware “plugs right into the standard light switch and power outlet fittings”, wrote Klint Finley of Wired.

The system works through central online services where user profiles are saved and their usage patterns are recorded. IOTAS is aimed towards property managers and renters. Residents can move in a new apartment and download the app to start using the smart home devices (motion sensors, light switches, and power outlets).

A key differentiation of IOTAS is its ability to use its machine learning algorithms to build ‘user stories’. A typical user story is a routine that a user follows during the weekdays, weekend, or when on a holiday. “We can create software for [an apartment] that would automate what we call ‘stories,’ like a ‘welcome-home’ story, or an ‘out-for-the-day’ story. That’s where it becomes really interesting, to be able to essentially copy and paste your stories from one apartment to another”, says Sce Pike, IOTAS founder, and CEO.

Use the Postscapes Smart Home Guide to filter based on product type (Energy Savings, DIY Systems, etc).


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