Smart people built the smart phones to live a smarter life, but hardly had they known that smartness is subjective and will never find the stop. Call it hunger for advancement or the marching arms of grandfather’s clock, which changed not only the way we live but also the way we think and define innovation. This is how the Internet of Things (IoT) entered.In a matter of seconds, it decreased the intervention of humans in the working of devices. Allowing you to pre-command your air conditioner to cool your house to a set temperature by the time you reach. Things have changed thus changing our interaction with them. Home automation is a part of the entire blueprint we are talking. While on one hand, we have ‘do it yourself’ systems like Iris, SmartThings, Wink, iSmartAlarm, Insteon etc, on the other hand, we have Installer based systems like XFINITY Home, IntelligentHome, ADT Pulse, Digital Life and more. The list doesn’t end with these two categories, home automation gets a massive percentage of contribution through smart Plugs/switches, Lightbulbs, Thermostats, Cameras, Locks and much more. These smart devices today are need of time, but what could be the possible reasons behind all the chaos: ReasonsThe first thing here is the security. People feel safe with these smart devices securing their home and offices. As with them guarding their house, they can identify any form of suspicious activity and can according take action. Another reason probably could be the energy saving concept. The home automation devices don’t just serve you by making things easier for you but simultaneously also save energy. According to a report, if home automation is used, it allows you to save almost 10% of primary energy consumption. It does make things easy for you. This one is quite obvious and being little frank, the biggest reason behind the wide acceptance. The era is pushing forward speedily, and people have numerous things to do. Having home automation makes it easy for them to focus on the remaining ingredients of their priority list. These were just a few reasons which are primarily calling for the big boom in home automation. According to a survey report, 90% people have mentioned security as the major reason behind opting the home automation. The same report shares the preferred devices that talk about 72% people who desire a self-adjusting thermostat and 68% wishing to have a single remote for all the household preference. The population also comprises 65% people looking for automatic adjustable outdoor lighting and home monitoring cameras. However, in comparison to cameras, a larger section (71%) wishes to have doors allowing control from a distance location through a remote. Looking at these figures, one gets clear about security as a major concern. However, the list has people intended to save. While on one side you find 70% people interested due to cost saving only 47% showed concern to energy. People are excited about the ‘set and forget’ concept. Be it watering the lawn, turning on-off the outdoor lights, or the motion detection, each of them has an effective acceptance percentage. At the initial stage, undoubtedly home automation was accepted widely due to the excitement but now people are learning about it, and have better and logical reasons behind using it. It is expected that by 2022 the home automation market will reach the mark of $78.27 Billion from the $ 32.11 Billion. Some of the most preferred home automation features:1. Smart Locks They give you the entire command over your house’s security. Just walk out like a boss and the door closes behind you and vice versa. You can control the lock through your smartphone, so now you don’t have to leave keys under the doormat or to give it to your neighbor for emergency conditions. Simply tap and the lock makes way for the entrant. 2. Automate lights and control them from anywhere, How many of here feel tired of standing just to turn the plugs on or off. The childhood fairy, entering a room, and the light turns on, moving out and it’s off, is finally true. You can also set a time for the lights to turn on and off. And if by any means you don’t want any of these, try tapping your smart screen, sit back and watch the action. 3. If you can’t prevent exudes, get apprisedDid you know that the smart home notifies you if the water leaks and enters a place it isn’t supposed to. A recent report shared that the country spends almost $2,476 a year over water leakage repairing. Yes, the minor leaks take their time while going unnoticed and turn to be a disaster. However, not anymore with smart homes. 4. Monitoring kids and dear onesNow you don’t have to worry more for the whereabouts of your loved ones. With the smart device, you can monitor them and secure from dangerous areas. Conclusion :With IoT and home automation the lives of people have become stress-free and they can easily focus on the things that are on their priority list. Be it security, assistance, or any other thing, you have a wide range to choose. Originally Posted On Peerbits blog: home automation to live stress less life with IoT
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Like most people, you probably use a mobile banking application… Because, if you’re like me you’re always on the run. Mobile banking is a fast and convenient way to effectively manage your money – i.e. check your balance, transfer money, pay bills online, and more. However, only about two-thirds of bank customers with a smartphone currently enjoy the benefits of mobile banking. Why has the adoption rate not yet reached its highest potential? One of the reasons is a lack of trust from the consumers. Especially seen in older generations, individuals do not fully trust technology. The thought of having all their banking information right on a mobile app – and at the palm of their hand – simply scares them, rather than intrigues them. But, with fraud, IP infringement and malware so prevalent in our technology-driven world, how do you convince the remaining percentage of bank customers to take advantage of the ease of mobile banking? I’ll tell you how… Make it safer – overwhelm them with the amount of security that accompanies your mobile banking application. What can financial institutions do for app security ? 1. Add a multi-factor authentication featureSimply requiring the submission of a single password before granting access to your customer’s bank account is a defense system which can be beaten. By adding a multi-factor authentication feature – such as generated one-time passwords or fingerprints – you add an additional layer of defense which cannot easily be deceived. 2. Encourage the use of NFC-embedded SIM cardsWhile you can’t force this security option on your consumers, you can highly suggest it. An NFC-embedded SIM card is a SIM card that allows consumers to securely download their credit card information into the Near Field Communication (NFC) SIM card. This option is more of a means to protect their overall account information – by not carrying their actual card, and not swiping it, they lessen the risks that their credit card information could be compromised, potentially giving access to their mobile bank application. 3. Offer real-time text and email alertsIt is safe to assume someone using mobile banking on their smartphone has direct access to their email and/or text messages. By sending a quick, real-time email or text alert to notify a customer of account activity, they could easily prevent fraud. For example, some mobile bank applications allow you to be notified if more than a customer-specified amount of money is spent. This type of notification could easily let someone know if their information has been compromised, as they would likely be aware of such a large amount of money being spent from their account. Read also: 3 Effective Ways to build your mobile app Security 4. Utilize behavior analysisThere is specialized software on the market that will monitor and analyze the login location and activity and online account activity of consumers. Thanks to this technology, your mobile banking app could flag abnormal behavior for further investigation. Further investigation could be an email or text alert to the customer advising of suspicious activity, or a call from the bank further investigating the suspicious activity. 5. Use secure accessBy using secure connections via technologies like HTTPS, customer account information can be better secured between the browser and the website they are connected to. This technology will further protect customers against data theft and fraudulent logins. Financial institutions often find themselves between a rock and a hard place – most customers want the convenience of mobile banking, but with mobile banking comes an increased risk of fraud both for the bank and the customer. Of course, the challenge is staying ahead of cyber criminals and continuously working to find ways to improve the security of mobile banking applications. By incorporating new technologies and continuing to seek those that are upcoming, financial institutions can continue to improve the security of their mobile apps and ward off the unwanted visitors – such as hackers. However, this is also a two-way street. In improving mobile bank application security, customers must also take their own precautions. Financial institutions that offer mobile banking applications should continue to educate customers and encourage them regarding Internet security and things that could put them at an increased risk of fraudulent activity. Originally Posted On -Peerbits blog - security of mobile banking apps |
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Shahid Mansuri co-founded Peerbits, one of the leading mobile app development company, in 2011. His visionary leadership and flamboyant management style have yield fruitful results for the company. Archives
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