What is Smart Technology?

The most commonly used term when it comes to smart technology is smartphones. But in recent years, smart technology has only gotten more popular. Now, many people own some kind of smart device, whether it’s just a smartphone or a voice assistant device like an Amazon Echo or a Google Home. In fact, the global smart home platforms market reached $20.5 billion in 2021, and it’s only expected to continue rising, according to Future Market Insights.

But what exactly is smart technology? According to Netlingo, smart technology originally stood for “Self-Monitoring, Analysis, and Reporting Technology”. But in recent years, it’s widely associated with inanimate objects talking back to users and guiding their behaviors. Currently, there are three types of smart technology:

1. Smart Devices

a woman's finger pushing down on the toaster s there's two slices of bread inside

Smart devices are programmed for a specific use and can provide a level of automation. Examples include microwaves, coffee makers, and toasters. But more of these devices are connecting to a network, which only makes it hard to distinguish smart devices from smart connected devices.

2. Smart Connected Devices

someone looking at the smartwatch on their wrist

Smart connected devices are like smart devices except they’re connected (hence the name) to a network. Users can then control and monitor them via Bluetooth, LTE, Wi-Fi, and/or cellular connectivity. Examples include smartphones, smart doorbells, and smartwatches.

3. IoT Devices

a person holding up their phone next to the lock on the door, which signifies it's a smart lock

Lastly, IoT devices are software-defined products that are a combination of product, application, analytics, and the internet/network. Examples include smart locks, AI, security cameras, and irrigation sprinklers.

Regardless of the type, many consumers appreciate the sustainability aspect of smart technology. There’s also the added convenience people gain as users can tap a button or use voice command to turn off the lights and automate processes like grocery deliveries. Using all of these processes, smart devices can even analyze your habits, make them more efficient, and reduce overall costs for things like heating. So, because of all the benefits it provides, it’s no surprise that so many consumers have bought into the smart technology trend.

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