The Honeywell Lyric thermostat is a smart device that can track when you are coming home. This is done through a GPS connection, and users can also control temperatures of their home from anywhere throughout their smartphones.
The thermostat is very user-friendly, with a simple dial for adjusting the heat. Moreover, when people walk up to the device it will light up through a motion sensor, making it aesthetically pleasing too. Interestingly, the Honeywell Lyric thermostat is also connected to weather stations, so people can understand what the temperature outside should be for the day, helping adjust the heat or cold accordingly.
This thermostat makes it that much easier for people to control the heat in their houses whether they are at home or not.
Photo Credits: designboom, honeywell
Key Themes Behind This Trend
- Smart Home Automation
- The rise of smart connected thermostats is an opportunity for businesses to innovate and offer products/services that automate homes and simplify daily routines.
- Internet of Things
- The Honeywell Lyric thermostat is an example of an Internet of Things device that can connect to other objects in the home and offer new opportunities for businesses to market smart, connected technology.
- Remote Control Technology
- The ability to remotely control the thermostat from a smartphone or other device is an opportunity for businesses to develop products/services that allow for remote control of other devices such as security systems, lighting, and entertainment systems.
Where This Applies
- Smart Home Technology
- Companies developing smart home technology have the opportunity to create new products and services that integrate with the Honeywell Lyric and other smart connected thermostats to offer more automation and convenience to consumers.
- HVAC Industry
- The Honeywell Lyric thermostat and other smart connected thermostats offer new opportunities for HVAC companies to provide more efficient and cost-effective heating and cooling solutions to homeowners.
- Home Security Industry
- The ability to remotely control the thermostat from a smartphone or other device is an opportunity for home security companies to expand their product offerings and integrate with other smart home devices for more comprehensive home automation and security.
