THE SELF-INSTALLED SMART HOME REPORT: Why current smart home device owners are appealing to tech companies

BI Intelligence

Not that long ago, many home-appliance and consumer-electronics makers were gearing up for what they thought would soon be a rapidly growing market for smart home devices.

The instant popularity of the Nest thermostat, introduced in 2011, seemed to confirm their hopes. But those expectations were dashed in the coming years as the market for connected home devices later stagnated. 

Even with these challenges, many of the biggest consumer technology companies are now moving into the smart home market. For example, Apple, which recently released its self-installed smart home ecosystem, called the Apple Home, traditionally doesn’t move into a market until it’s very mature and only when it can release a perfected product. Further, Google this fall launched the Google Home and its companion ecosystem, hoping to jump into the voice-activated smart home speaker market, which Amazon currently dominates with its Echo product line. 

In a new report, BI Intelligence examines the demographics of the average smart home device owner and discuss why current smart home device owners are appealing to tech companies. The report also examines the plans of various tech giants in the smart home market and discuss their monetization strategies, and makes suggestions for how these companies can position themselves to make their products and devices more appealing to the mass market.

Here are some key takeaways from the report:

  • Tech companies primarily enter the market to enhance a core revenue stream or service, while device makers desire to collect data to improve their products and prevent costly recalls.
  • We forecast there will be $4.8 trillion in aggregate IoT investment between 2016 and 2021.
  • These companies are also seeking to create an early-mover advantage for themselves, where they gain an advantage by this head start on adoption.
  • Major barriers to mass market adoption that still must overcome include technological fragmentation and persistently high device prices.

In full, the report:

  • Details the market strategy of prominent tech companies and device makers, and analyzes why which ones are best poised to succeed once adoption ticks up.
  • Offers insight into current ownership through an exclusive survey from BI Intelligence and analyzes what demographics will drive adoption moving forward.
  • Explains in detail which companies are poised to succeed in the market in the coming years as adoption increases and mass market consumers begin to purchase smart home devices.

Gen Z Hates Your Ads … but They Love Your Videos

One hope for display

How do we solve for the death of display and consumer aversion to ads? Create a better experience for the end user, and start doing that with the video medium they embrace.

In fact, the industry has been morphing into video, and the speed at which it’s happening is picking up. Facebook has been quickly releasing new video-ad formats; shoppable video ads appear on Snapchat and Instagram; and Twitter partnered with Bloomberg Media on 24-hours-a-day news streaming.

Video completely reinvigorates a consumer’s end experience with an ad. For example, AOL found that mobile video ads are five times more engaging than standard banner ads, with technology and business verticals seeing over 800% higher engagement. Additionally, ads that incorporate video drive 9X as many post-click site visits as standard display ads.

Video is a versatile, engaging and sharable format — three key factors that any ad today needs to break through the noise in a saturated digital landscape.

Not only can video quickly deliver a message in an engaging way, people share well-crafted video with others. No one shares a display ad unit with their friends.

The static display ad will become one of those relics our children laugh about because, eventually, video will move into its rightful place as king of advertising. The industry needs to embrace this, and focus on better video user experiences (new formats, best practices on length, content and brand safety).

If the “Snapchat” generation is a barometer for what the future of consumer ad expectations will be, experience needs to overcome thoughtless monetization. It’s time for all advertisers — and the ad tech companies they rely on — to deliver.

The Era of the Empowered Consumer: Insights From the Gartner Digital Conference

Marketing is getting smarter.

Jake Sorofman, a research vice president at Gartner, said that CMOs are on track to spend as much (or more) on technology than their CTO and CIO counterparts this year; more than one-fourth of every marketing dollar is spent on technology.

Dan Curran, CEO of PowerPost, a client of ours, was really intrigued by this finding. “The conference certainly left everyone feeling optimistic regarding the evolution of content marketing technology,” he said. “However, every stage of the content supply chain must evolve.”

And as marketing evolves to become savvier and more intelligent, so will the content it’s creating for audiences. Most audiences and content consumers have grown to expect somewhat more personalized content from the brands they interact with, and that content marketing trend is only going to continue with a move to “atomic content.”

2. Customer journeys are discovered, not created.

I’ve seen plenty of marketers waste time and resources by trying to develop buyer personas and engineer their customers’ path to their company and then create content around what they’ve put together. However, the best customer journeys aren’t created; they’re discovered.

And with additional players in the game — especially social media platforms and other tools that make it easy to distribute content — your audience members’ journeys are more complicated than ever. Andrew Hsu, CEO of Spotlight, noted, “Marketers must acknowledge the remarkable roles Facebook, Amazon, Apple, and Google play in their customers’ lives. From customer acquisition to relationship building through customer servicing, marketers will be borrowing moments from, shaping experiences within, and co-existing beside these market-shaping platforms.”

To improve your customer experience, study what your customers actually do, what kind of content they consume, and where they go for it. Use data to discover how your best customers are coming to you, and create content that enables their journey.

3. Content is your best tool for hitting trust touchpoints.

Marketing is expected to create exceptional brand moments at every customer touchpoint, and audience members touch six different channels before they become customers.

Think of touchpoints with your audience like moving targets: It’s not going to be easy to hit each one every time, but as marketers, it’s up to you to hit as many as you can — and content can be your biggest help. The more you hit, the better you keep your audience engaged and the more trust you build with them. So listen, learn, and engage with triggered, personalized content.

https://www.inc.com/john-hall/the-era-of-the-empowered-consumer-insights-from-the-gartner-digital-conference.html

Google Assistant is seriously awesome. 

Yesterday we learned that Google Assistant is about to offer more capabilities on your phones and gain several smart and interesting features, but there’s one other piece of interesting news: it’s also now adding support for more smart home devices and appliances.

Google has updated its support page for partners and services to add 11 new companies. Here they are with a short explanation of what they do:

All of these new devices and services will be natively supported in the Home Control section of Google Assistant, by simply tapping the floating + button to add new products.

But there are other additions as well, except they’re “Actions on Google,” i.e. they’re third-party implementations that you can find under Assistant apps and not the regular Home control section. These are like Alexa’s skills, you have to ask to talk to them or say their name specifically, and you will get an answer with a different voice than the regular Google Home or Assistant voice.

However, they’re proof that more and more companies are getting on the Assistant bandwagon, even if they don’t have the full blessing of Google to go directly into the directory of smart home products. And there are big names here:

  • iRobot (support page), the maker of the Roomba robot vacuums
  • GE (source) and its Geneva connected fridges, ovens, washers, dryers, AC units, and more
  • LG (announcement) for its Signature washer, dryer, fridge, oven, air purifier, AC unit, and robot vacuum
  • Blossom (official site), a company making smart sprinklers.

There might be more that we haven’t spotted yet, so let us know if there are other new additions to the Assistant apps selection and what your favorites among all of these are. I’m excited about Nanoleaf since I have an Aurora, but there are more companies that have piqued my interest in the list that I might be taking a closer look at.

http://www.androidpolice.com/2017/05/18/google-assistant-can-now-control-appliances-smart-home-devices-including-roomba-lg-ge-d-link/

Been thinking about local

A year ago, Google location searches exploded –  “closest,” “nearby,” and “near me” searches were performed 35 more times than they did in 2011.

People demand instant, accurate, and helpful information on Google. Because of this, it likely comes as no surprise that Google has had to make many complex updates to its algorithm to keep up. Gone are the days of “cookie-cutter” search results. Google now strives to deliver the most customized, local search results possible. A Brooklyn pet owner, for example, searching for “veterinarians nearby” will get totally different results than a pet owner in the Bronx searching the same keyword phrase – all thanks to Google’s local-search result algorithms.

Amazing Local Search Stats to Consider

Here are some specific local search trends that are good to be aware of if you are trying to put together a local marketing strategy for your client or business:

How to Rank for “Near Me” Searches on Google

It’s one thing to understand the latest local search trends, but It’s another thing to know what to do about them. Here are some specific tactics that veterinary practices (and other local businesses) can use to improve their rankings for high-volume, high-value “near me” keywords:

  • Keep your Google Map listing up to date. Make sure your Google map listing is claimed, and has accurate information about your clinic, including address, hours, services offered, and website URL. After you’ve set up your map listing, you’ll need to maintain it and keep it updated ongoing.
  • Get those reviews!  These days, pets are considered family members. Location matters, but what matters even more is quality medical care, which is something that can be gleamed easily by reading online reviews. Small businesses that have many reviews, and a high star rating to go with, will benefit from higher rankings, and thus more exposure on Google.
  • Include information on your website about the locations you serve. Instead of targeting broad locations, focus on less competitive areas and neighborhoods.
  • Focus on your mobile site. If your website is not mobile-friendly, it needs to be! People are increasingly searching on their mobile devices, so your website must be (a) mobile-friendly and (b) deliver a great user experience. This will play a big role in your SEO efforts.

“Near me” searches are not slowing down, but the real takeaway is that we live in a mobile age, wherein we demand instant answers to all our questions.