Our blog contains short snippets from our full research coverage. We release new content regularly, so check back often for the latest insights.
Last week GE and Frost announced a joint effort to create an incubation program called Frost I3 incubator. It focuses on the industrial internet—solutions that utilize big data and sensors that drive efficiency and productivity. This past week Microsoft Ventures and American Family Insurance also announced the creation of an accelerator for the connected home.
The hot IoT news this weekend was Nest's acquisition of DropCam for $555M. Compared with the multi-billion dollar hardware deals this year so far, $555M seems small but in my mind incredibly large for a connected home market that's still far from reaching the mass market. Google surely is betting big in anticipation for future growth by shedding out $3.2B for Nest and DropCam.
The term "connected home" or "smart home" has been around for decades. In the 90's and 00's, a lot of consumer electronics companies and component makers published drawings with home servers, gateways, and all types of home devices talking to each other and sharing files. I remember, in my past life, I used to draw similar things on powerpoint and announced a lot of partnerships and initiatives . However, none of those concepts became a mainstream hit.
Necessary cookies are absolutely essential for the website to function properly. This category only includes cookies that ensures basic functionalities and security features of the website. These cookies do not store any personal information.
Any cookies that may not be particularly necessary for the website to function and is used specifically to collect user personal data via analytics, ads, other embedded contents are termed as non-necessary cookies. It is mandatory to procure user consent prior to running these cookies on your website.