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Three quarters of Brits ‘fearful’ of connected homes

Oct 2017 Latest News | Comments Off on Three quarters of Brits ‘fearful’ of connected homes

Research by MoneySuperMarket has shown that consumers are very concerned about the impending smart home revolution, despite the likely cost savings.

Of the 2005 adults surveyed, 76% admitted to being ‘fearful’ of the smart homes concept, with unapproved data collection cited as the greatest worry. Other concerns include the technology being hacked by criminals (51%), being made unusable by a virus (43%) and recording you without your knowledge (42%).

The research found that while the majority (77%) had heard of a ‘connected’ home, only 6% claimed to know a lot about smart home technology. The most popular gadget was a smart TV, with 30% owning one, followed by a smart energy meter (16%).

However, when asked what smart home gadget they would like to see invented, answers ranged from self-cleaning ovens (29%), self-emptying bins (11%) and self-pouring wine fridges (5%), to smart dog walkers and self-emptying dishwashers.

Despite public concern, the benefits of investing in smart home technology are likely to outweigh the fears. The convenience, security and cost-saving elements of owning a connected home can be advantageous and it is predicted that there will be 25-30 billion IoT devices worldwide by the early 2020s.

Smart home technology focused on home security and fire prevention benefits insurers as it reduces claims, with insurers then able to pass these savings on to consumers: 58% of those polled said they would buy a smart device if helped them save money on their home insurance.