Nest paved the way for the smart home, showing investors that consumers would pay $249 for a next-generation thermostat. Now many are wondering what other connected-home products could become breakout success stories. In 2015, smart locks, and security related products in general, are the most promising.

For a smart-home device to succeed in the consumer market it must be as easy to use compared to its non-connected version and there must be a return for the consumer in terms of cash/energy savings or convenience. If connectivity merely adds complexity, a product’s in trouble.

Connected thermostats have proved a winner based on these criteria. The lock is a technology that has stood the test of time since metal keys and locks first appeared about 900 AD. If we’re truly ready to move beyond their elegant simplicity, we’ll need some clear benefits. Smart locks must make our lives easier.

A number of startups have risen to the challenge, including…

View original post 536 more words