Challenge
The home automation industry is changing. Home owners and facility operators now have the ability to control their environment wirelessly with a tablet or smart phone. All types of products and devices are now interconnected and ‘smarter’ than before. Significant investment and rapid action are needed to capitalize on the opportunities in this space.
Solution
I propose that our Temperature Control/Thermostat Division develop a new wireless thermostat which can be controlled by all common mobile device platforms, such as iOS and Android. In addition, this device will be a ‘smart’ device which gathers data through sensors while analyzing user patterns and behaviors in order to automatically adjust temperatures more accurately. The system will also offer remote management for additional flexibility.
Advantages
- Be a leader in home automation technology
- Reduce energy consumption
- Potential software licensing revenue
Challenges
- Rapid R&D turnaround
Conclusion
This initiative is important for the future of the company. Between the growth in software application development and the Internet of Things over the next 10 years, this product launch will position us for continued success in this competitive landscape.
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