The Internet of Things: How It Can Save You Money and Make Your Life Easier!

Did you know that the Internet of Things (IoT) is projected to produce $11.1 trillion worth of economic value by 2025? The Internet of Things (IoT) is all about connectivity. It connects everything from your home to your office to the other people in your life. It's a system that allows for two-way communication between connected items and allows them to be controlled remotely. This technology has been around since 1996 but only recently have we seen an explosion in its usage. Thanks to big names like Google, Apple, Microsoft, Samsung, and more investing billions into IoT technologies, there are now over 25 billion connected devices worldwide!

How Internet of things will help you save money

In this article, we will discuss how IoT can make your life easier and save you money!!!

Smart Thermostats

Woman controlling temperature with Smart Thermostats

According to the estimates, heating and cooling your home can generally consume over 50% of your energy budget. On the other hand, a smart thermostat can help you save up to 15% on your power bill!

This means that if your monthly bill was $100, you would save about $15. In the wider scheme of things, this might not seem much, but when used in tandem with other smart devices, you could even save higher. Smart thermostats enable you to create heating and cooling schedules as per your routine which in turn saves your energy and therefore your hard earned money.

Smart Lighting

Smart Lighting

Replacing traditional bulbs with ones that connect wirelessly will not only make your room more stylish but also reduce your electric bill! With smart lighting, you can set a fixed schedule for the lights to turn on just before your arrival at the end of a workday. You also have the option of setting up your lights so that they periodically turn on and off while you're away - it's perfect for those of us who might be going away during the holidays because this tactic will keep our homes looking warm and welcoming all season long.

Not only that, but according to some sources, lighting accounts for 19% of the power used worldwide, which means we could save money by using less electricity through automated light schedules at certain times throughout the day! Many estimates say that 12% of an overall electric bill can be saved by using smart lighting technology, so if your bill is around $100, you could save $12!

Smart Security Systems

Person using Smart Lock on his phone

For a homeowner, the money saved from installing smart home technology can be significant. In fact, some insurers are now offering discounts on household insurance for homes protected with smart tech. Smart security systems offer a level of convenience and ease-of-use not seen in the traditional wired system. With these devices, you can monitor your home from anywhere with an internet connection to make sure everything is going smoothly at any time without needing professional help or complicated wiring setup procedures.

It is said that on an average, installing monitored safety and security devices in your home can reduce insurance up to 20%. Furthermore, insurance companies understand that a professionally monitored security system can reduce the likelihood of your home being burglarized or suffer costly damage. This means that there is a less chance that you will file a claim with your insurance company. And as a result, your insurance company saves money and passes on that savings to you.

Smart Home Appliances

Person controlling smart devices from aplication

Imagine waking up to your coffee maker or refrigerator already set and waiting for you in the morning! With these smart appliances, it's possible that your life will be easier than ever before. The temperature of refrigerators can now be regulated, so food is stored at the ideal temperatures rather than just turning on a maximum cold setting. You'll find yourself using less energy as well because not only are there devices like pressure cookers that help regulate cooking time by allowing people to select specific times, they also allow users to choose their desired type of drink with different levels such as strength and heat level.

Furthermore, since all of the smart home appliances work in tandem with each other, it reduces the unnecessary use of electricity and other appliances. For example, there is no doubt that lawns take a lot of energy, water and time to maintain. With smart sprinklers you can save on your water bill by running it only when you need to. With customized programming and control system you can set up schedules to water your lawn and plant more in your yard.

The Bottom Line

The number of smart devices in your household will have a substantial impact on the amount you spend every month to keep it running. In some cases, these energy savings can be as much as 60%. The figure may vary depending on individual usage but having many smart gadgets saves money for sure!

If you want to make the most of smart home device controls, then Sif is the right solution for all your needs. Sif is a hub to connect all your smart gadgets, giving you remote control of anything and everything connected to Wi-Fi. With the Sif app, controlling devices couldn't be easier! You can also use it with Smart Plugs like the SIF Pro+, which are perfect if you have not yet made that big leap into being "smart." It will bring any device without an internet connection up to speed in no time at all - so take some pressure off today by investing in these amazing products!

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