Artificial Intelligence (AI) has made its way into thousands of homes, with smart devices on their way to becoming regular household items. In fact, Tech Jury reveals that the global market for smart homes will be worth $58.7 billion by next year, rising from $20.38 billion in 2014. These whopping figures are only expected to skyrocket as AI technology improves at a rapid pace, on the path to going mainstream among homeowners. Read on to find out the major ways that AI is changing the future of smart homes:
Touted as one of the most important benefits that come with having a smart home, home security is a thriving market place right now. The growth of the industry makes perfect sense, seeing as there are 2.5 million burglaries in the United States every year, with 66% being home break-ins.
AI-enabled smart devices that are available on the consumer market use facial recognition to alert homeowners or security personnel about suspicious activity. In the future, these cameras will pick up on body language and possibly even look through criminal records, with the option of automatically notifying the authorities. Additionally, burglars won’t be able to enter through your front door by picking traditional locks, as the smart locks of tomorrow will need to scan your retina or hear your voice before granting access to anyone.
Smart AI-powered assistants are already on the market and are helping thousands of customers play music, order fast food, or talk about the weather. Dramatic improvements can be expected in this area, as AI and Machine Learning capabilities combine to create a personalized experience for every homeowner.
Smart homes are powered by the same principle that makes AI so intelligent, which is how it uses massive amounts of consumer data to improve smart functions. In fact, a feature on eDiscovery technology by Special Counsel highlights how Artificial Intelligence can sift through massive amounts of data quickly and pick out relevant bits from mountains of digitized information. Likewise, you can expect future smart home assistants to comb through thousands of your own data points, which includes your habits, routines, and preferences. This information will help the AI in your home recognize your needs — it can play soothing music when it knows you’re stressed, or change the lights when you’re having a romantic dinner. Furthermore, it can recommend certain food brands and items when it knows you’re looking up healthy recipes, or order your favorite ice cream flavor on a cheat day.
Just as AI can be the ultimate assistant in the data-heavy fields of law, logistics, and finance, so can it give your smart home an emphatic touch that allows it to truly understand and meet your personal needs.
Nearly half of Americans who own a smart home say they save over a $1,000 a year thanks to smart thermostats and lighting systems. These temperature and electricity control systems are just the beginning of a much-needed journey to more sustainable smart homes.
The smart homes of the future will completely eliminate phantom energy costs or those that accumulate when you’re not using appliances or gadgets. AI will be able to calibrate which electronics should be functioning and when. You can imagine walking out of the living room and into your bedroom without ever having to touch a light switch or remote control, as your home will do all of that for you. Similarly, you never have to worry about leaving your television or AC system on when you go to work, as manual switches become a thing of the past.
While these developments are exciting for homeowners, Bob Pershing recommends doing extensive research before spending money on smart gadgets. This is mainly because smart home tech is still very much in its infancy. In the meantime, you can sit back and watch things unfold as Artificial Intelligence gets smarter and continues to disrupt the industry.