A whole smart apartment building in Portland indicates how the Internet of Things might benefit renters. One issue with the technology-incorporating movement is that it relies on homeowners to retrofit or update their houses, making these kinds of advancements less accessible to millennials and younger people who are renting -- and also more likely to adapt to these innovations. IOTAS is trying to change this with their "fully kitted out" smart apartment.
Every unit comes equipped with technology gadget-loving renters will be psyched about, such as smart lights, plugs and sensors. While IOTAS is trying to be intentional with the Internet of Things roll-out by integrating the technology into the design without being intimidating, their system will also learn from your behavior. This helps them offer catered services as renters continue to adapt.
Key Themes Behind This Trend
- Smart Apartment Buildings
- The trend of smart apartment buildings aims to provide renters with convenient and connected living spaces.
- Internet of Things (iot) for Renters
- The trend of IoT for renters seeks to make smart home technology accessible to millennials and younger people who are renting.
- Behavior-learning Systems
- The trend of behavior-learning systems in smart apartments allows for personalized and catered services to be offered to renters.
Where This Applies
- Real Estate
- The real estate industry can benefit from incorporating smart apartment technology to appeal to tech-savvy renters and provide added value.
- Internet of Things (iot)
- The IoT industry can cater to the rental market by developing smart home solutions specifically designed for apartments and rental properties.
- Data Analytics
- The data analytics industry can find opportunities in analyzing renter behavior to improve the functionality and experience of smart apartment systems.
