The internet of things is one of the biggest buzzwords of 2015. The idea that the internet will be working hand in hand with so many of our home devices is astounding, you don't have to look far to see how it will change things either. Take a look at the many smart home tools that currently exist such as Nest, and you can easily see where things are going.
So what does this mean for future home owners? According to current information the number one reason burglars target a home is due to ease of accessibility. This is something that I predict is going to change in the future. As technology continues to improve, we will see a massive drop in the number of home break-ins. This isn't just confined to the U.S. but is something that will happen nationwide. So what are some changes that will happen in the future?
Cheaper Home Security Cameras
This is a big one, and it's already beginning to happen. Gone are the days when you have to spend a lot of money for a good system, in fact the days when you have to pay a lot of money every month for a good security system are quickly going away too. IP Camera Hosting is quickly dropping in price, and with it a whole new array of opportunities is starting to appear. No longer will you need some kind of server to store the camera data, it will all be stored on the cloud from now on. This will make it easier and cheaper to run home security in the future.
Fingerprint Scanning Devices
Ten years ago this seemed like a distant idea for the rich class only. Now days this is something that exists on smart phones, tablets, laptops, and a few homes as well. The technology still has a ways to go, but in the next few years we will start to see it entering homes, and when it does it will make picking locks much more difficult than it already is.
Less Expensive Surveillance
As technology that catches criminals improves the expense keeps getting cheaper. Gone are the days when companies had to hire security guards to constantly be on watch. Many companies are switching over to services where a third party is alerted whenever their is suspicious activity, and that third part can than decide on the course of action. What this does is it cuts down on costs as well as false alarms. As these companies continue to come up with better surveillance technology we will start to see a large drop in price as they are able to take on more customers. This means that these services will no longer be locked in with big companies, but will now be an option for the common house owner as well.
Better Home Control
One of the biggest changes that the internet of things has brought to homes is the ability to control your home while you are away. You can now change the temperature, lock the doors, turn off the lights, even turn on your T.V. while you are away. One security benefit of having this technology is the ability to know if anything is removed. For instance if a burglar enters your house and removes your T.V. suddenly you could receive a message on your phone, that tells you someone has unplugged your T.V. These types of messages can be programmed so well that you can receive for just about anything, for instance if your front door opens while you're away on vacation. Now imagine that you also have control over your home alarm, you can check your IP hosted camera and see who is in your house and then sound the alarm if you need to. The possibilities are endless, and the low cost involved in setting up these types of protections will allow the majority of households to set up powerful home security systems in the future.
What does this mean for Entrepreneurs?
This means that if you are an entrepreneur who is looking to break into a new innovative market you have a good opportunity ahead of you. There are many companies that are currently working on implementing the above ideas but there is still a lot of potential room in the market. Home owners are a great market, and there will be many expansions in the future, both in physical home security, and digital.