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/ ©2017 NAVIGANT CONSULTING, INC. ALL RIGHTS RESERVED1

NAVIGANT RESEARCH

SMART HOME DATA ANALYTICS

JUNE 2018


1. Introduction to Navigant Research

2. Role of Data Analytics in the Energy Cloud

3. Emerging Applications

4. Current State of the Market

5. Opportunities & Challenges

6. The Future

AGENDA

/ ©2017 NAVIGANT CONSULTING, INC. ALL RIGHTS RESERVED3 / ©2017 NAVIGANT CONSULTING, INC. ALL RIGHTS RESERVED3

NAVIGANT RESEARCH

PAIGE

LEUSCHNER

Paige Leuschner is a research

analyst with Navigant Research

in the Building Innovations

program, managing the Smart

Home research service. BUILDING

INNOVATIONS

Intelligent Building Management Systems

Smart Home

Energy Efficient Buildings

Lighting Innovations

Smart Cities

TRANSPORTATION

EFFICIENCIES

UTILITY

TRANSFORMATIONS

ENERGY

TECHNOLOGIES

Wind Energy

Grid-Tied Energy Storage

Distributed Energy Storage

Advanced Battery Innovations

Microgrids

Distributed Natural Gas

Distributed Renewables

Electric Vehicles

Commercial Transportation Electrification

Transport and Logistics Innovations

Mobility

Internet of Things

Connected Grid

Digital Grid

Dynamic Grid

Demand-Side Management

Digital Utility Strategies

DER Strategies

Utility Customer Solutions


DATA ANALYTICS AS AN ENABLING TECHNOLOGY

Data analytics act as an enabling technology in the Energy Cloud.


THE HOME AS A NODE IN THE ENERGY CLOUD

Data analytics and supporting ecosystem of technologies enable the home as an asset in the Energy Cloud.


DEVICES IN THE HOME PRODUCING DATA

Proliferation of devices has led to growing streams of data that can increase

awareness about activity within the home.


EMERGING APPLICATIONS

Personalized

consumption

information creates a

better customer

experience, fostering

engagement and

satisfaction

Engaged and satisfied

customers are more

likely to participate in

DSM programs and

help utilities meet

energy efficiency and

DR goals

Analytics help

consumers monitor

the production and

consumption of solar

and energy storage

technologies to foster

integrated home

energy systems

Increased awareness

of activity within the

home can enhance

home security, home

automation solutions

and enable services

such as HVAC

monitoring

ENGAGEMENT AND

SATISFACTION

DR AND ENERGY EFFICIENCY

DER

INTEGRATION

MONITORING AND

AWARENESS

Machine learning

algorithms and

artificial intelligence

can learn behavior

patterns and respond

in real-time, creating

an intuitive and

integrated system

THE SMART HOME

Opportunity in data: larger volumes of data and new data streams are supporting the emergence of

data-based applications in the home, which are driving real-world value (increased comfort & control,

energy savings, security, etc.).


CURRENT STATE

• Current state

- “Only beginning to scratch the surface of opportunity

data has to offer”

- Data analytics is increasing awareness of activity in the

home

- Enabling a range of new applications such as energy

monitoring, home security, entertainment, insurance,

and healthcare

- Driving capabilities around digital assistants

- Introduction of new data-based services, HVAC

performance monitoring

- Companies are focused on getting more devices into

the home to better understand customers and sell more

products and services

- Companies are also still trying to figure out what to do

with all of the data


OPPORTUNITIES & CHALLENGES

• What is driving this market?

More devices, more data

Realizing opportunity in data

New value-added services, new revenue

streams

High penetration of in-home networks

• What challenges does this market face?

Data privacy & security

Uncertainty about what to do with data

Difficulty justifying ROI

Disparate data streams

In-home bandwidth issues

Growing costs of managing data


THE FUTURE

• Smart home data analytics revenue

expected to increase from $1.6 billion in

2018 to $11.0 billion in 2027

- Hardware devices including analytics are

expected to contribute most to global revenue

as IoT device penetration grows

- Direct-to-consumer services expected to grow

most as vendors discover new opportunities in

data

- B2B software expected to grow consistently as

companies engage software providers to better

manage data and get more involved in market

Smart Home Data Analytics Revenue by

Region, World Markets: 2017-2026

(Source: Navigant Research)


CONCLUSIONS

• Data analytics can…

- Enable the home to play a fundamental role in the Energy Cloud

- Help transition the home into a dynamic asset

- Enable new in-home applications and services

- Create new revenue streams

• Market is driven by proliferation of devices and potential opportunity to add value

• Many challenges to overcome before data analytics becomes advanced enough to power the smart home

• Future is bright, only now scratching the surface


QUESTIONS?


PAIGE LEUSCHNERResearch Analyst

+44 (0)20 7015 8762

[email protected]

navigant.com

CONTACT

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