How to calculate the ROI of Home Automation

   – Energy Usage/ Time

   – Safety Prevention & Funds

   – Stress Level & Funds

Hi Everyone, good day and welcome to this short discussion with regards to home Automation.

Now, when you think of Smart Homes, what comes to mind?

Is it luxury homes or expensive homes or tech homes or what exactly?

Before you think too deep, 

Let me give you a little understanding on what a smart home means…

Smart Home can be broken down into two words: Smart and Home.

Smart … means Intelligence.

In other words, a smart home can be called an intelligent home…

Intelligence here means a system that can make things easier for the owner,

It could also mean a support system that doesn’t need too much attention to manage.

We can also take an intelligent support system, using technology as a case study, for a system that can collect data and process data into information which can be used by another system or owner of the system.

Therefore we can say, a Smart home is not necessarily a luxury or expensive home but a home that can intelligently support you by getting data (without your personal or another person’s attention), processing the data and taking the required action you should have done without manually informing you.

So the questions you should be asking are:

 What kind of assistance do you need at home to be more productive on a daily basis?

  How many assistants do I need to manage my home on a daily basis effectively from the areas of security, safety precautions, power management, food management, food preservation to environment maintenance?

 What wages would I need to pay a quality  team of assistants to provide this level of assistance per day/ week/month / year?

When you have collated these things, then compare the amounts of investment with respect to 

– Energy Usage and Time wasted or saved 

 – Safety Prevention and the Funds that could have been used to recover damages or replace damaged facilities 

   – Stress Level and  Funds needed to recover fully 

You can find these above & many more extraordinary Returns on Investment Opportunities in the article below by @ Smart City Mall Africa 

Link attached: https://smartcitymall.africa/roi-of-home-automation-how-to-calculate/