Lounea Oly, the telecom company from Finland, is planning to make a big entry into the smart homes market segment and has made the first move by selecting viva labs to fuel the project. Lounea aims to offer Z-wave based solutions or the plug and play solutions for its smart home products range. The company will make use of viva’s AI podium to cater their needs.
Viva Labs is a reputed name in the smart home sector that specializes in offering a SaaS cloud based platform to its partnered companies so that they can build premium smart homes easily and quickly. Viva is actually a start up company but now it has established itself in the newly emerging smart home market. Viva labs offer behavioral analysis which enables crafting of smart homes easier. Other features in Viva smart homes includes smart heating, beautiful designs, video streaming, CVR, automatic alarm etc.
Viva is compatible with third party hardware devices as well. As far as deployment is concerned, it’s quite faster and comes in low up-front investments. These attributes fulfill the requirements of Lounea Oly and thus the company has chosen it as their smart homes segment partner.
After smartphones, smart watches, smart TVs and smart gadgets, now its time for smart homes market to flourish. Though, even in its infancy stage, it is growing at a tremendous pace. The reason is simple, people want to live in a home that fulfills all their safety requirements and is self learning in itself. The software and Apps combine the functionalities of all individual apps and offer a much more personalized service with many more options.
Lounea will face major competitions from the already established and some growing companies like Samsung Smart Homes and some start up companies like Nest Home etc. It will be a difficult journey for Lounea, since Nest is already doing well by offering multiple products like Nest learning thermostats, Smoke/CO Alarm for security and safety, Nest Camera for surveillance, and Nest Apps.
Moreover, Nest was started by ex-Apple engineers and later was sold to Google, and now it’s a Google entity. So, there is no paucity of funds which helps them in continously innovating a lot in this segment. Nest’s Thermostat is a self learning system that is programmable in nature. The basic function is to optimize heating and cooling of homes, and thus it saves alot of energy.
Whereas Samsung offers a bit more for building smart homes since it has already come up with smart devices like fridges, washing machines, smart phones and smart wearables which are already contributing to make your home smart. But Samsung’s Smart Home App is a centralised version of all smart apps including the Galaxy Gear which recognizes the commands and responds to them.
Now-a-days, smart homes are being considered to be a place equipped with modern technologies that have the capability to offer advanced living conditions, safer surroundings, pollution free atmosphere etc. An ideal smart home must have self learning system which is a kind of artificial intelligence system. Other things include Wi-Fi enabled thermostats, sensors, smoke and carbon mono oxide detectors along with some advanced security systems. Obviously, this will quote you tons of money when considered setting up these individually but a centralized smart home solution makes it more accessible to people at an affordable price.
Finland is one of the emerging markets for this smart home segment and Lounea Oly is one of the first companies to enter the Finnish market. It will be interesting to to see how this telecom and information technology company creates waves for its smart home business. Moreover, its a great opportunity for the startup company Viva Labs to expand their market and their business to compete with their rivals.