Lowe's 'Iris' is a no-contract home security system that allows you to monitor your home remotely using your smartphone. The system connects to smoke and carbon monoxide detectors, as well as security cameras and various other home security accessories. If any of the alarms are triggered, the app will call the police, and notify the home owner. The app also provides users with the option to cancel the police or fire department from being dispatched should an accident -- like burning a piece of toast -- trigger one of the alarms.
Lowe's Iris, has transformed itself from a desktop-heavy software to a handheld, user-friendly DIY home security device that provides peace of mind to home owners everywhere.
What Makes This Trend Stand Out
- Smartphone-enabled Home Security
- Lowe's 'Iris' allows users to remotely monitor home security with a smartphone, presenting opportunities for other companies to offer similar mobile solutions.
- No-contract Monitoring Systems
- Lowe's 'Iris' offers a no-contract option for home security monitoring, disrupting traditional long-term contract models and opening up opportunities for more flexible payment plans and services.
- Integrated Home Security Accessories
- Lowe's 'Iris' integrates with a variety of home security accessories, presenting opportunities for companies to expand their product line by offering compatible accessories.
Sectors Adopting This
- Home Security
- The rise of smartphone-enabled and no-contract home security systems like Lowe's 'Iris' presents opportunities for companies in the home security industry to innovate and offer more flexible and user-friendly solutions.
- Smartphone and Mobile Devices
- The prevalence of smartphones and mobile devices in everyday life has led to the development of smartphone-enabled home security systems, creating opportunities for mobile device manufacturers and app developers to expand into the home security market.
- Safety and Emergency Services
- The integration of emergency response services like police and fire departments in home security systems like Lowe's 'Iris' presents opportunities for companies in the safety and emergency services industries to partner with home security companies and offer cutting-edge, integrated solutions.
