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Summary of
Smart Home Oman
This document provides a
very brief and informative research report which discusses thoroughly Smart
Home Oman. In the first section of the report which consists of the
introduction of the company. In this part, the functions of the company,
vision, mission, and philosophy, and all that piece of information which is
important to know will be discussed. In the second part, the financial growth
rate will be discussed thoroughly. the star products of the company will
discuss briefly and then the effects of economic, environment, constitution and
political circumstances on Smart Home Oman will be discussed. A brief SWOT
analysis will present a very clear picture of products and companies. The
competitors of the company, social media campaigns for advertisements for their
products and other very effective information about the company will be
discussed in this part.
The goals of a smart home
are to help people feel good, safe and entertained. Also to identify some of
the health needs of the elderly who may be living at home. The smart home helps
us save time, energy and money. Learn more about the new features and technologies
of smart homes. Much different in determining what a smart home is and remember
when the word "automation" appears. Many people come in many
different things. Our mission is to explain what a fashionable and modern smart
home based on modern technologies and complete control means for the smart home
and building
Smart
home Oman is a company that deals with modern technology gadgets. The
vision of this company describes thattechnologies are an opportunity to help
shape the future. They focus not only on what is essential to the success of their
business, but also on what works for their employees, their communities and their
common natural environment. The position of Smart Home Oman allows them to
influence key issues that they believe must be addressed for the industry to
thrive today and in the years to come.The smart home is severely affected by
the development of the smart customer electronics business. As customer
electronics products continue to grow daily, they, in turn, have a positive
impact on this industry. Any electronic product manufactured today can be
installed and used in smart homes. Some of the most popular products used in
this smart home system are air conditioners house locks, light bulbs, garage
locks, televisions, and even coffee machines.
They work to maximize
opportunities for their customers by providing an efficient platform that
limits the use of resources and products that aim for sustainability in all
aspects. They can maximize the objectives of their customers by offering
different solutions to their business needs. They want to make sure that their
products make efficient use of physical resources such as materials and energy
throughout their life cycle.To be the leading service provider in the areas of
IT and ELVs and to extend the experience with converged technology systems
profitably and for the benefit of their customers and suppliers to all major
industries across Oman.The success of a project depends on the ability to
develop a solution adapted from the concept to the satisfaction of all
requirements. They see each project as a unique opportunity, learn from
successes and challenges, and constantly offer affordable innovations and
solutions.
The growing connection between
machines and the Internet of Things IoT is pushingexpansion in smart home and
power managing markets, which in turning has affected the growth of software
and the local services market for smart homes. Interactive servicesand software
help to analyze the power data and pass it on to end-users. This classification
is limited to sending and collecting data and does not make smart measures like
the positive type. Interactive solutions offer immediate response to end customers,
offeringessentialknowledge on real-time power data and chronological data that
reflects energy consumption. As a result, interactive software and local
services are expected to have the largest share of smart homes in 2018.
The company has the
know-how to integrate the latest home automation and smart home technology.
Bring a complete solution tailored to the individual needs. They offer
intelligent building and home automation mixtures for commercial buildings,
homes, and hotels.
The company makes any
space comfortable, pleasant and inexpensive. Simply control the
curtains,lighting, sound, shutters and air conditioning in your home. The
appliances can easily manage from a mobile phone. In addition to smart home
technologies, they also offer to surround sound systemsand home theater that
make your home the best. The smart home company deals with almost all kinds of
modern technological gadgets but the most appreciable gadgets are as follows.
Address: Al Maha Street 401 Bawshar, Muscat 133, OM
Smart gateway:The
smart home system introduced the wireless gateway as the main gadget of their
company and allows the connection of devices and commands for each other to
shape a complete smart home service and perform control quickly and vaguely
using the Application on the shrewd terminal. The repeater extends the signal
exposure area of the wireless network to ensure that the entire system
operates smoothly and stably. Smart Hub for data transmission; Multi-functional
gateway; Control the link via a personalized scene based on genuine needs.
Intelligent lightsystem
of
Smart Home Oman
The intelligent
lightsystem can be operated slightly via the Application on the smart depot and
to create various light colors as required, adjust the light strength and take
over the control liaison/time setting/scene management.
Managing home appliances:
The
gadget creates the cloud service to manage the home appliances which rely on
the cloud infrastructure. This managing service can allow the users to control
smart appliances for example fans and lamps.
The Smart Home company has
a very rapid growth rate. In 2017 energy management earned $1,288.1m, in
comfort and lightening the company expend $1,750.3m. The overall revenue or
profit of the company was $15,870 in 2017. In 2018 the profit of the company
was $19,646 as well as in 2018 the profit rapidly increased up to $23,577. In
2019 the earning o the company was $27,649 and in 2020 it will be 31,945. The
company set a target to achieve its goal. In 2021the the growth rate will be $36,650,
in 2022it will be increased upto $41,756 and in 2023 after 3 years the growth
rate will be almost double as $47,119.
The smart home market is
currently controlled by the Johnson Controls International (Ireland), The United
Technologies Corporation (United States), The Schneider Electric (France),
Honeywell International, Inc. (United States) and Siemens AG (Germany). There
are some effective key tactics used by these companies to survive in this
market are merchandise promotions and advancements, partnerships and combinations
and purchases.
There are so many factors
that directly influence the company positively or negatively both ways. The
first factor is the political circumstances. If the government raises or lowers
the tax rates it effects directly on the company. The new constitution and
trade laws some time affects the company negatively or positively
The company is an active
advertisement campaigner at different social media sites. It may help the
company to analyze the demands of the consumer and to communicate them
directly. The twitter account of Smart Home Oman is @SmartHomeOman, Instagram
I.d is (@smart.home.oman). the company also has its Facebook page with the name
of “Smart Home Oman”. These social media sites advertise their production that
particular media sites and also take people's suggestions to evaluate the
things. These sites also help them to compete with their competitors.
The company is facing
uncertainty about the future. Everyone knows about the pandemic disease. For
the being things are changing such as Forecasting customer trends, market
trends, etc. it is essential to the changing business climate to take necessary
steps in this alarming situation. Having a consultant trained to read and
predict these key trends could make the difference between a bright future and
a dark future.Like any other company, Smart Home also needs to look after the
performance. The key is to use a meaningful set of rounded performance
indicators that give the company an overview of performance. Companies rely on
overly simple financial indicators and only block companies' reporting
channels.
To recruit the right man
in the right place is a very difficult task to do. However, the company has
high growth phases, it is the key to a sustainable future to find the right
employees and develop the right skills and competences. It would be a wise
investment to consult a consultant with the expertise to find the people that
company needs. As we observe that technology is changing consistently. The
company faces many problems when there is a sudden change in trends take place.
The technical innovation is growing day by day in the world. Almost every day
there is something new maybe invent. The perspective performance of the things
may be done successfully. The Smart Home Oman company is also known as an
innovative technology company so it introduces different features of things day
by day eventually.
Strength: The devices
made by the Smart Home Company are not just everyday items you find at home.
These devices are also used in the workplace, often in the production line and
in factories. The devices can be linked to optimizing the processes. However,
they may also be used more smartly. When a product is not as hot in the stores,
the devices can be warned to slow down or even stop the production of certain
items.
Weakness: These devices
depend on data collection to improve and provide services. This huge amount of
data, which is collected by each connected device, has to be stored and
analyzed somewhere. The company currently doesn't have the best infrastructure
to do this important work, which could lead to major data problems later. The
biggest weakness of a Smart home device is security. In the absence attackers
can deal with Smart Home devices.
Opportunities: The smart
home already has smartwatches and clothes. The watches collect data on weight,
calorie consumption, and heart rate. Each gadget comes with apps that turn the
device into a "fitness trainer" and tell you what you need to
exercise during and when. However, they collect a powerful amount of data
because the wearer is requested to remove the water only during the shower. It
also invites interesting investment opportunities. It is a promising new
industry. You can buy Smart Home gadgets like smart dog collars, smartwatches,
for your furry best friend and smart refrigerators. Some companies like Amazon
are working to sale smart technologies and connect them to everything -
microwaves, beds, etc of Smart Home products.
Threats: It's inevitable:
the biggest threat to Smart Home devices is the vulnerability of hacking. If
someone wants to have access to your data, they will find anyway. Unlike
computers with antivirus programs to detect malware or activate instant updates
when a new update is released, the Smart Home products lack many cybercrime
prevention measures. If you are use multiple Smart products at home (for
example, smart light bulbs, refrigerators, and clothing), the hacker can access
them all.
Smart home customers can
be distributed into seven different segments according to the new studies from
the market analyst firms Strategy Analytics.The Company analyzes that the
working class is the largest and most difficult group to reach, with lower
incomes and little interest in technology or environmental concerns. Different
smart home manufactured goods and services are implausible to be well received
in this segment. But the target customers of Smart home products and appliances
are the business class and it provides a boost to the business of smart home
products
Social media is a very strong and effective perspective of today's needs. The Smart Home always running social media accounts for advertising the products. As mentioned above the Smart Home products running their campaigns in social media accounts. These social media sites advertise their production that particular media sites and also take people's suggestions to evaluate the things. These sites also help them to compete with their competitors.
Smart Home Oman is a
company that deals with modern technology and gadgets which run with
applications.The smart home is severely affected by the development of the
smart customer electronics business. As customer electronics products continue
to grow daily, they, in turn, have a positive impact on this industry. The
company faces many problems when there is a sudden change in trends take place.
The technical innovation is growing day by day in the world. Almost every day
there is something new maybe invent. The perspective performance of the things
may be done successfully. They can maximize the objectives of their customers
by offering different solutions to their business needs. They want to make sure
that their products make efficient use of physical resources such as materials
and energy throughout their life cycle.
This document is very brief and informative about the current situation of Smart Home Oman. The information is very helpful for future investors to invest in the company. The recommendation forthe investors should eliminate the negative incentives that limit investment (especially long-term Investments) and the disruption of the efficient allocation of capital within the company should Improve transparency in capital markets and increased investors. For expand that access to market-based financing, and promote runniness. It also ensures a smooth flow of capital between investors and the bank system and funding requirements.
Ali, A., 2018. Marketing tutor. [Online].
Gregory,
H., 2019. Az central. [Online].
Jane,
C., 2016. The Role of Culture in Adopting Smart Home Technologies. Springer
link, pp. 529-542.
Menachem,
D., 2019. Smart Home Systems Based on the Internet of Things. peer Reviewed
Chapter.
Ryan, S. & Francis, H., 2019. Designing Smart-Home Products That People Will Use. [Online].
Appendix
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