You’ve got me thinking about Sense much differently now. The value for the consumer is obvious, but what I hadn’t considered before is the value to product manufacturers. I suspect there is tremendous value in, say, Whirlpool knowing exactly how efficiently their refrigerators are running across thousands of households.
I suppose a valid question is will product manufacturers be willing to buy aggregate consumption data from a company like Sense, or will it be more profitable for them to embed controllers and Wifi chipsets directly into their products, which would allow them to sidestep aggregation and collect much more valuable data ( privacy concerns be damned )?
One benefit: Sense could sell not only aggregate usage information about Whirlpool products to Whirlpool, but could also sell Whirlpool data about their competitor’s appliances.
So many possibilities. Ok. I’m officially no longer worried about recurring revenue. LoL