The smart home space is fascinating. It promises to transform how we live. Secondly, the industry has been on the verge of taking off; now, with the investment by big companies, the dream will soon become a reality. How are they spending their money?

Well, savvy technological companies have invested heavily in the Internet of Things (IoT). Previously, the challenge was getting devices made by different manufacturers to communicate. However, not all companies are favouring the Android platform. The dream is to make everything interactive.

For instance, in the future, homes will become intelligent enough to identify a person within the living space. The house will adjust to the person’s preference such as room temperature and lighting. The house may start playing music from the person’s mobile phone automatically.

While this may sound, futuristic and impossible, we are not far from such a world. In fact, several enterprises are investing millions to make this dream a reality. Some of us are in smart homes without realising it. The example of the technology is the smart grid.

What Is the Smart Grid?

Right now, many homes and appliances are using the smart grid system. The concept is when the smart home or appliances communicate with the electric grid through the smart meters. This will enable the consumer to manage their energy usage.

How it Works

The smart meter monitors the energy consumption by each appliance in the home. It accomplishes this feat by connecting to the home area network (HAM), which links the smart home appliances. The information from the HAM is run through a home energy management System (EMS). This system tracks and helps you save power. You can control and monitor the EMS using your handheld devices. Also, you will be able to limit the power used by each appliance. Remotely, smart homeowners will be able to switch appliances on and off.

Additionally, smart meters will communicate with your energy provider. The grid providers will send information to the EMS such as alerts to shut off appliances in the home to prevent blackouts. Imagine thousands of air conditioners coordinating seamlessly to reduce the load on the grid. Fridges would defrost awaiting the off-peak hours and dishwashers defer operating until the off-peak hours.

People have asked; do smart homes have any advantages?

New Level of Convenience: Picture turning on your furnace, before you arrive at home.  Also, imagine your fridge alerting you that it is time for shopping. Homeowners stand to benefit from the convenience of these intelligent homes.

Added Security: Smart homes will come equipped with the latest security featuring biometric scanners, security cameras, or even voice recognition.

Accessibility: For the elderly or people living with disabilities smart homes may provide added accessibility.  Voice commands will operate the doors, switch on the lights, and even water the lawn.

Based on the benefits of smart homes the technology will kick off soon and become available to all households. They have nothing but benefits for the homeowner. Frankly, you cannot ask for more.