Riding the Third Wave: What IoT Means for Homeowners, Neighborhoods, and Cities

This presentation was given at the KCRAR RECharge event.The Internet of things is here and it is here to stay. What will beacons, smart home devices and wearables mean for you and your clients? CRT is working to answer those questions and understanding how data from these devices can be applied to industry practices. This presentation provides an overview of what these different devices can do and what CRT is looking to do in the very near future.

Transcript

1. Riding the Third Wave What the Internet of Things Means for Homeowners, Neighborhoods and Cities. Chad Curry | CRT Managing Director | NAR
2. Find these slides at: http://speakerdeck.com/chadcurry
3. Find these backgrounds at: http://simpledesktops.com
5. CRT’s functions: Whitepapers/Special Reports Podcasts/Blogposts Presentations/Webinars Hardware/Software Research/Advocacy Surveys
6. CRT’s Podcasts: Where tech meets real estate
7. CRT’s Podcasts: Tech we love
8. CRT’s Podcasts: REach accelerator & companies
9. Podcasts can be found at: soundcloud.com/crtpodcasts or on iTunes
10. Contact CRT: http://crt.blogs.realtor.org @crtweet ccurry@realtors.org
11. What is the Third Wave?
12. The First ‘Third Wave’ Humanity faces a quantum leap forward. It faces the deepest social upheaval and creative restructuring of all time. Without clearly recognizing it, we are engaged in building a remarkable new civilization from the ground up. This is the meaning of the Third Wave. Alvin Toffler | The Third Wave | 1980
13. The First ‘Third Wave’ Agriculture | Industrial | Information Alvin Toffler | The Third Wave | 1980
14. The First ‘Third Wave’ Alvin Toffler | The Third Wave | 1980 Agriculture | Industrial | Information
15. The First ‘Third Wave’ Alvin Toffler | The Third Wave | 1980 Agriculture | Industrial | Information
16. The Second ‘Third Wave’ Mobile IoT Goldman Sachs | IoT Study | 2014
17. The Second ‘Third Wave’ Mobile IoT Goldman Sachs | IoT Study | 2014
18. The Second ‘Third Wave’ Mobile IoT Goldman Sachs | IoT Study | 2014
19. The Second ‘Third Wave’ Goldman Sachs | IoT Study | 2014 Mobile IoT
20. The Third ‘Third Wave’ You & Me | Here | 2015 Home | Neighborhood | City
21. The Third ‘Third Wave’ You & Me | Here | 2015 Home | Neighborhood | City Connected
22. The Third ‘Third Wave’ You & Me | Here | 2015 Home | Neighborhood | City Connected
23. The Third ‘Third Wave’ You & Me | Here | 2015 Home | Neighborhood | City Connected
24. The Third ‘Third Wave’ You & Me | Here | 2015 Home | Neighborhood | City Connected
25. The Third ‘Third Wave’ You & Me | Here | 2015 You. Connected
26. of Internet Things
27. Why does it matter?
28. $19 trillion It’s a industry
29. By 2020, 26 billion devices connected.
30. Some say this estimate is conservative.
31. They will be producing lots of data.
32. What could this mean for real estate?
33. Classes of IoT Devices
34. Beacons Classes of IoT Devices
35. Beacons Smart Home Classes of IoT Devices
36. Beacons Wearables Smart Home Classes of IoT Devices
37. Smaller, Faster, Cheaper
38. 79.75kB Smaller, Faster, Cheaper 1971 8” Floppy Disk
39. 79.75kB 800kB Smaller, Faster, Cheaper 1978 5 ¼” Floppy Disk
40. 79.75kB 800kB Smaller, Faster, Cheaper 1MB 1984 3 ½” Floppy Disk
41. 79.75kB 800kB Smaller, Faster, Cheaper 8MB 2000 1MB USB Flash Drive
42. 79.75kB 800kB Smaller, Faster, Cheaper 1MB 8MB 32MB 2000 SD Card
43. 79.75kB 800kB Smaller, Faster, Cheaper 1MB 8MB 4GB 32MB 2006 Micro SD Card
44. Listing Data is Static What do IoT devices mean for real estate?
45. What do IoT devices mean for real estate?
46. Behavioral What do IoT devices mean for real estate?
47. Behavioral Home Performance What do IoT devices mean for real estate?
48. Behavioral Home Performance Dynamic Listing Data What do IoT devices mean for real estate?
49. Issues/Questions around data Security Privacy Standards Current practices
50. What could this data mean? The REALTOR® as doctor
51. Beacons Behavioral Data
52. What can beacons do? o  Nothing, really. o  They broadcast a signal. o  Apps use them to: o  improve customer engagement. o  get instant feedback. o  help customers navigate a space.
53. What devices work with them? o  Bluetooth 4.0 turned on o  iOS7 or Android 4.3 o  Must enable location services o  App installed to take advantage of the beacons You will not be tracked by beacons!!!
54. What can beacons do?
55. What can beacons do? Battery Bluetooth Exterior Case Fixable Bottom
56. What can beacons do?
57. What can beacons do?
58. Welcome Chad! What can beacons do?
59. We have your size in that style! What can beacons do?
60. What would you say to 10% off on this shirt? What can beacons do?
61. Bag stats: •  Made in US. •  $100 What can beacons do?
62. From your son’s wish list. What can beacons do?
63. Care to take a survey? What can beacons do?
64. It’s about behavior o  Understand what matters to customers o  Privacy!!! o  This is reliant on the app. Beacons do not track audience. o  App only knows who you are from information provided.
65. What applications in real estate? o  Better data for open houses o  What rooms? o  How many people were in the home? o  How long did they stay? o  Better data on street traffic & people viewing from outside the home. o  Behavioral data from beacons could help REALTORS® better prep a property and make homes move faster by using data. o  Security. Beacons could know when agents are at a property.
66. BrightDoor’s Beamly
67. Smart Home Devices
68. Companies in this space
69. Iterative Smart Home
70. Data can help home performance
71. nest thermostat can save 20% on energy.
72. Austin utility avoided a brown out.
73. Wearables
74. Activity Wearables
75. Health Activity Wearables
76. Health Activity Location aware Wearables
77. Health Activity Location aware Communication Wearables
78. Health Activity Location aware Communication Convenient Wearables
79. Health Activity Location aware Communication Intimacy Convenient Wearables
80. Data Drives Decisions
81. Data Drives Decisions Beacons | Smart Home | Wearables
82. Data Drives Decisions Beacons | Smart Home | Wearables
83. Data Drives Decisions Beacons | Smart Home | Wearables
84. What if this data was in the MLS?
85. This would lead to dynamic listings
86. What if we could take this data and augment it?
87. Smart Cities
90. Tvilight
91. Smart Transportation
94. What If? Home
95. What If? Home City
96. What If? Home City Neighborhood
97. What if the Is the Third Wave? Neighborhood
98. Neighborhoods become…
99. Connected…
100. HERS Scores aggregate
101. Net Zero = FitBit 10,000 steps
102. Neighbors helping neighbors
103. Neighbors helping neighbors
104. Neighbors helping neighbors
105. Thank You.
106. Contact CRT: http://crt.blogs.realtor.org @crtweet ccurry@realtors.org Podcasts: http://soundcloud.com/crtpodcasts iTunes