Testing a home that gets to know your habits
When Benjamin Lee comes home to his apartment, the lights turn on as he moves from room to room. He could also program his entertainment system to spring to life when he’s ready to settle in for the night.
“I don’t even notice it anymore. It’s making things that more simple for me,” Lee said.
When he’s away, he can turn control his thermostat from his smartphone, or be alerted of any suspicious activity at home. Lee’s apartment is one of 100 units in Portland’s Grant Park Village that is part of a pilot program in smart home automation from software company IOTAS.
IOTAS smart devices are controlled through one app. Residents can choose between different pre-sets, called Smart Stories, which enable devices to turn on at specific times.
The Internet of Things, or IOT, is a system of smart connected devices that “talk” to each other. This year, as many as 6.4 billion connected “things” are projected to be in use. And smart homes have been hyped as the next wave in IOT. Now, a startup in Portland, Oregon, called IOTAS, is looking to tap into the renters’ market with pre-wired smart apartments called smart home automation. These smart apartments are mainly targeted to single people in their 20s and 30s, who are more likely to embrace the technology.
“The smart home technologies do appeal especially to younger, educated and affluent folks,” said Frank Gillett, principal analyst at Forrester Research in Cambridge.
Other companies, like Comcast Xfinity and ADT Pulse, also offer home automation security systems. But according to Gillett, IOTAS is trying to offer something broader.
“Really what it comes down to is comfort and convenience,” said IOTAS CEO Sce Pike. “The home is not something that should get in your way.”
IOTAS is trying to streamline the smart home by having smart lights, thermostats and outlets already set up when you move in, and controlled through an app. The technology then learns your habits and preferences the more you interact with it.
IOTAS partners with rental properties to offer apartments with smart lights, thermostats and outlets pre-installed.
But Marcelino Alvarez, the CEO of project design company Uncorked Studios, said there’s a lot of hype right surrounding IOT technologies, especially in the home.
“These systems are really designed really well for a single user,” Alvarez said “They struggle when you have multiple people, multiple preferences.”
According to Forrester Research’s Gillett, the markets surrounding smart homes are still in the early stages of development.
“Is this going to make a big difference in whether people choose to rent the apartments? No,” he said. “Is it an appealing feature, and they might be able to extract a slightly higher rent? Yes.”
IOTAS’s pilot program in Portland is running until early next year. The company also has pilot apartments in San Francisco.
There’s a lot happening in the world. Through it all, Marketplace is here for you.
You rely on Marketplace to break down the world’s events and tell you how it affects you in a fact-based, approachable way. We rely on your financial support to keep making that possible.
Your donation today powers the independent journalism that you rely on. For just $5/month, you can help sustain Marketplace so we can keep reporting on the things that matter to you.
