Are IoT Home Appliances and Solutions Worth the Investment?
Technological innovations like artificial intelligence and the Internet of Things (IoT) are now changing the housing landscape. In the blog post ‘Transforming the Housing Sector with IoT’, we explained how the technology assists landlords in improving resident welfare through processes such as data gathering and asset management.
The biggest concern of housing managers and landlords, however, is in terms of investment. Upgrading a home and outfitting it with smart systems costs a hefty sum from installation to operation and maintenance. But although smart home systems are serious investments from the get-go, their cost-effectiveness spreads into multiple outputs. To understand better, let’s look at the Switchee smart thermostat as an example.
Efficiency through enhanced connectivity
The introduction article for Switchee elaborated its components – mainly, interconnected sensors operated by a central system that’s linked to a boiler setup. Everything is then controllable through an intuitive touch screen. All of those were important to mention seeing as each consumes power and the smart system clearly has more parts as opposed to a traditional one that’s only comprised of the boiler and its console.
Now many people tend to perceive that more complex systems with multiple components use more energy than their simpler counterparts. It’s a rational assumption, however, if you dig deeper into the nitty-gritty details, Switchee’s efficiency in various processes offsets the overall energy consumption of the whole system.
For instance, aside from knowing when to turn on or off the air conditioner or heater, another nifty feature of Switchee is that it utilises weather data to know the ambient temperature around the house and adjust the corresponding settings inside. By extending its connectivity and operating in conjunction with external factors, the system is able to reduce energy consumption which then translates to savings in power bills. Furthermore, Tailor-Made AV mentioned how you can have better control over your budget through optimising all the subsystems that work together.
Energy efficiency is a huge concern in today’s households, more so if you’re managing several units at once as a social landlord. In fact, Switchee received its award from Ashden due in large part to its energy conservation capabilities.
In addition, return of investment can’t be measured through savings alone. Another advantage of installing smart solutions is that they continuously advance and seeing as most systems have their own software or app, updates can be applied regularly. Telogis specified in their post ‘Unraveling the Web of the Internet of Things’ how connectivity is increasing along with the development of both hardware and software systems. Look at it this way: getting a system which can be upgraded through its respective program is better than replacing one whole non-digital system with a more advanced version.
Allows you to dedicate time on more important tasks
Most importantly, given that you’re providing care and shelter for those in need, you’re able to focus on more important matters if nominal tasks such as monitoring and adjusting the area’s internal temperature as necessary are left to automation. At the end of the day, even the residents receive your investment’s worth.