Unlike the modern smartphone consumers do not replace their thermostats, boilers, refrigerators, stoves, lights, or locks, every year or two. Instead the fabric of our homes is far more static than many companies, used to operating on “internet time,” seem to have assumed. The lifespan of the average refrigerator or air conditioner is more than twenty years. The business model of a one time purchase of a thing, a thing that relies on an ongoing service to make it “smart” appears unsustainable. In fact it’s proved so fragile I’m left with doubts about whether cloud centred architectures are the right fit for internet of things devices aimed into the consumer marketplace.
Alasdair's podcast below goes on to discuss the need to urgently rethink the business models being used within IoT. Take a listen or read his full article on O'Reilly now.
Alasdair Allan, is a Scientist, Author, Hacker, Maker, Journalist and a mentor of the Startupbootcamp IoT | Connected Devices program.