Smart Home technology – also referred to as the Internet of Things – is going to change the way we live, work, and interact with our world. Largely due to the name – it is called “smart home tech” after all – most people believe it is confined to just our homes. While that may be the case more often than not, it’s not the only place this technology is useful.

Let’s bridge that gap for a moment. Have you ever heard of Airbnb? It’s a crowdsourced service that allows you to rent out your home – or a living space – to others. If you own more than one property like a summer home it could be lucrative for you.

Smart home tech has the potential to transform this service both for the tenants and renters. With a smart lock, you can dole out virtual keys and provide access to visitors for a limited time. It eliminates the need to hand out physical keys or change the locks every time something goes wrong.

You could also outfit this home with a smart thermostat to track and remotely control the air. This would allow you to do things like turn off the air when no one is home or renting the space, and conserve money in doing so.

In short, the better term to use would be smart building technology because it’s not just for use in the home.

Bernard Marr of Forbes identified three ways that the Internet of Things will change business.

  1. Companies will be able to make smarter products
  2. Business operations and decisions will be smarter and more informed
  3. Business models will change, particularly when it comes to data and wireless connectivity

The takeaway here is that this technology will also change the business landscape too, not just our home life.

What Can Smart Buildings Do?

Smart home tech, in general, is exploding right now. There are smart light bulbs, smart appliances, smart doorbells and locks, smart robots, and more. What a smart building can actually do, depends on the gear deployed within.

The same is true of any business.

You might be surprised to know how much of this technology is meant to help you be more efficient. Smart bulbs and smart thermostats, for instance, can be used to track energy usage and cut down on excess consumption.

As a business, there’s no doubt you have inordinate expenses, some of which could stand to be culled. Implementing this technology could actually help you do that.

It can also help you improve security. These outdoor Wi-Fi security cameras, for instance, allow you to keep an eye on your business – or home – without paying expensive service fees.

In the past, a viable security system would also require expensive equipment, which could be rented from a service like ADT or Brinks for a fee. Now, it’s as simple as placing a few cameras in or around your business that can be tapped into remotely from a mobile device.

What this means for your business – especially if it’s small – is that you don’t have to hire a security team of your own. Think of how much you can save implementing a few of these cameras to secure your location while monitoring the system yourself.

You might think, well there’s no way I can watch a live video feed 24 hours a day, I’m busy! Guess what, there’s no need. Automation is another huge component of smart technology. These cameras can be programmed to send alerts when they detect motion, and they can also be configured to detect suspicious activity.

Recently, we reviewed smart video doorbells. They replace a conventional doorbell but include a camera and Wi-Fi so you can view who’s at your door or in your front entryway. If you use them in combination with a larger security system, you can really get full coverage of a location.

They will send alerts when someone moves near the door or walks up to it. You can also video chat with those same folks, or call out to them with your voice no matter where you are.

The Biggest Benefit

Ultimately, one of the best benefits of smart home technology is that you don’t need expensive gear to interact with it. Most of these devices will work with – and can be controlled from – a smartphone, which you likely already own.

Not just that, they can be controlled remotely. So, even when you’re tucked away in bed, you can check up on your business with your phone.

Everything about business is about to get a whole lot smarter. It’s about time you look into it for your own.

Briley Kenney (Bio)

Contributor to Ideaing, and many more. I love smart home technology, and anything gadget related.