Use CaseConsumer & Retail / Personal and household goods

Smart home devices manage consumer energy expenditure

Smart home devices manage consumer energy expenditure by, for example, turning lighting, heating on and off depending on human presence, pre-planned variable margins (e.g. average home temperature) and weather / time of day.

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Revenue

Revenue - New product

Cost

Cost - Reduce wastage

Description

Smart home devices manage consumer energy expenditure

Linked Case Studies

Case Study

Verv

Verv identifies home electricity usage by appliance and monitors for unusual usage patterns using machine learning

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Case Study

MIT

MIT Department of Mechanical Engineering developed smart power outlets that distinguish dangerous electrical from benign spikes with 99.95% accuracy with machine learning

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Source: cmple.com