“The biggest change, the biggest transformation, it will happen in our homes, at a speed we can barely imagine (…) The ‘Home of the Future’ will not just boost the tech industry, but will create more jobs and a ripple effect across society – from energy efficiency to safety, and independence for our increasingly aging population.’
At the IFA 2014 electronics show, Samsung Electronics CEO BK Yoon outlined his compelling vision for smart home innovation, positioning Samsung as a service provider of unique, tailored experiences.
Yoon promised safer, healthier, and more energy-efficient homes and said that there would be no single solution or approach but a “billion” homes of the future. It will figure out when you wake up and start the coffee; it’ll prompt you to take your medicine; it’ll turn out the lights when you nod off; it’ll suggest recipes that use up ingredients before they go bad; it’ll give your daughter across the country a virtual place at the dinner table.
Samsung believes that the opportunities ahead are enormous. Analyst firms project that in 2018, people will spend $100 billion on smart-home technology and there will be 45 million smart-home systems in use. Obviously, Samsung will first tap into SmartThings’ extensive ecosystem. In just over two years the US Company has supported more than 1,000 devices and 8,000 apps created from its community of device makers, inventors, and developers.