The home is evolving slowly but surely thanks to the sophistication of technology today, which is allowing for such developments as the connected fridge. As the Internet of Things continues to be integrated in everyday life in order to make it more efficient and effortless, such appliances will continue to be updated as a result.
Tech Crunch lists off a couple of immediate ways in which the connected fridge is already made possible such as with Amazon’s Alexa and Groceries by MasterCard. As written on Tech Crunch, "With a connected fridge, advertisers will pay to promote products to the consumer on the refrigerator’s screen, who will then use a related subscription-based service to buy the products. What makes promotion like this appealing to advertisers is that it’s data-driven, personalized and proactive."
Futuristic Connected Fridges
Home Appliances are Ripe for IoT Technology to Streamline Chores
Trend Themes
1. Connected Fridges - Opportunity for companies to leverage IoT technology to create smart fridges that streamline grocery shopping and meal planning.
2. Internet of Things (iot) - Increasing integration of IoT in everyday life opens up opportunities for connected appliances to enhance efficiency and convenience.
3. Data-driven Advertising - Connected fridges offer a platform for targeted, personalized advertising, allowing advertisers to reach consumers directly in their homes.
Industry Implications
1. Appliance Manufacturing - Manufacturers can capitalize on the growing demand for connected fridges by developing innovative products with IoT capabilities.
2. Grocery Retail - Grocery retailers can explore partnerships with connected fridge manufacturers to create new revenue streams through data-driven advertising and subscription-based services.
3. Digital Advertising - Digital advertising companies can harness the potential of connected fridges as a new touchpoint for delivering targeted ads and measuring consumer engagement.