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What is the “Internet of Things”?

Posted by Jimm Reifsnyder

Dec 2, 2014 1:38:36 PM

You may have heard the term Internet of Things….but has anyone explained what this is? The Internet of Things (Commonly referred to as “IoT”) is the interconnection of uniquely identifiable embedded computing devices within the existing Internet infrastructure.

It is expected that 26 – 30 billion devices will be wirelessly connected to the Internet of Things by the year 2020.

Since smart home devices have intelligence and connectivity to the internet, this product category is a huge opportunity for growth to lighting and electrical professionals looking to grow their revenue.

Understanding the Opportunity for the Smart Home Market

The market for smart home devices is wide open. Grow your revenue and understand the market. Several characteristics describe the consumer for smart home products:

  • Low Familiarity: Consumers may not be aware that these products exist
  • Low Awareness of Sales Channels: Consumers may not be aware of WHERE to purchase smart home products
  • Low Brand Awareness: Consumers are unfamiliar with who manufactures smart home products
  • Repeat Buyers: Once a household has one smart device, there is a 1-in-2 chance they will purchase another device within a year

Don’t be left behind! Contact Western Energy Control Solutions today to find out how you can profit from smart home technology. www.westernecs.com

Topics: energy control

Southern California Lighting Blog

This blog provides the latest news and information about Western Lighting & Energy Controls, its product lines, and other information to the lighitng industry.

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