high energy consumption . To avoid this , smart energy management ecosystems control and automate energy usage . Energy management appliances improve energy consumption and storage efficiency . For example , load monitors , smart energy meters , energy portals , and decision support tools improve intelligent energy management . These appliances process collected information and provide an overview of the current consumption , share insights and make predictions , suggesting the optimal energy distribution at homes .
Startup Spotlight : Emporia is a US-based startup working on innovative technologies for smart home energy management . It develops a system that identifies and manages wasted energy to reduce energy consumption as well as controls energy use throughout the day . The startup ’ s system is controllable via a mobile app or the web and automatically adjusts the energy usage during the increased energy consumption . It provides energy use analysis and actionable recommendations that help homeowners save money , conserve energy , and reduce emissions .
THE FUTURE OF SMART HOMES
The Smart Home Trends & Startups outlined in this report only scratch the surface of trends that Startus-Insights identified in their data-driven innovation and startup scouting process . Among others , touchless technology , smart thermostats , and advanced privacy features will transform the sector as we know it today . Identifying new opportunities and emerging technologies to implement into your business goes a long way in gaining a competitive advantage .
This article originally appeared on Startus-Insight ’ s website . The full Smart Home Trends & Startups report can be viewed here .
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