Navigant Research Report Shows Amazon, Google, and Other Technology Incumbents Are Capitalizing on the Potential of Artificial Intelligence in the Smart Home

BOULDER, Colo.–(BUSINESS WIRE)–#AI–A new report from Navigant
Research provides an analysis of the role digital assistants play in
the smart home and the applications that artificial intelligence (AI)
enables.

AI is fundamentally changing the way consumers interact with their
homes, offering enhanced solutions, including digital assistants, that
help manage energy consumption, keep homes safer and more secure, and
create more intuitive home automation. Myriad opportunities exist to
automate tasks and create more personal experiences with technology,
especially as adoption of the Internet of Things increases and customer
expectations grow. Click
to tweet: According to a new report from @NavigantRSRCH,
many players recognize this potential, and large tech incumbents like
Amazon, Google, Apple, Samsung, and Microsoft are quickly investing in
AI and digital assistants for the home.

“Current AI technologies are being used to automate tasks, identify
consumer trends, and power human-like digital assistants to make
people’s lives more comfortable, convenient, and efficient,” says Paige
Leuschner, research analyst with Navigant Research. “Consumer-ready AI
technology isn’t about creating the human-like robots portrayed in
popular media, it’s about making impactful and significant progress that
delivers value to consumers.”

Indeed, despite promises of market disruption and estimates of
aggressive growth, AI technology is still developing, and it remains to
be seen how it will evolve in the smart home. According to the report,
it is important for stakeholders involved in this space to move past the
hype and continue to deliver significant, real-world value.

The report, Digital
Assistants and AI in the Home, examines how machine learning,
deep learning, and neural networks fall under the umbrella term of AI.
The study provides an analysis of how digital assistants play a role in
this technology ecosystem and the applications that AI is enabling in
the smart home. It also examines the major market drivers and barriers
and technology trends related to AI, as well as the key players and
digital assistants. An Executive Summary of the report is available for
free download on the Navigant
Research website.

About Navigant Research

Navigant Research, the dedicated research arm of Navigant, provides
market research and benchmarking services for rapidly changing and often
highly regulated industries. In the energy sector, Navigant Research
focuses on in-depth analysis and reporting about global clean technology
markets. The team’s research methodology combines supply-side industry
analysis, end-user primary research and demand assessment, and deep
examination of technology trends to provide a comprehensive view of the
Energy Technologies, Utility Transformations, Transportation
Efficiencies, and Buildings Innovations sectors. Additional information
about Navigant Research can be found at www.navigantresearch.com.

About Navigant

Navigant Consulting, Inc. is a specialized, global professional services
firm that helps clients take control of their future. Navigant’s
professionals apply deep industry knowledge, substantive technical
expertise, and an enterprising approach to help clients build, manage
and/or protect their business interests. With a focus on markets and
clients facing transformational change and significant regulatory or
legal pressures, the Firm primarily serves clients in the healthcare,
energy and financial services industries. Across a range of advisory,
consulting, outsourcing, and technology/analytics services, Navigant’s
practitioners bring sharp insight that pinpoints opportunities and
delivers powerful results. More information about Navigant can be found
at navigant.com.

* The information contained in this press release concerning the
report, Digital Assistants and AI in the Home, is a summary and
reflects Navigant Research’s current expectations based on market data
and trend analysis. Market predictions and expectations are inherently
uncertain and actual results may differ materially from those contained
in this press release or the report. Please refer to the full report for
a complete understanding of the assumptions underlying the report’s
conclusions and the methodologies used to create the report. Neither
Navigant Research nor Navigant undertakes any obligation to update any
of the information contained in this press release or the report.

Contacts

Navigant Research
Lindsay Funicello-Paul, +1-781-270-8456
[email protected]