As more connected products come to market, from smart thermostats on our walls to connected wearables on our wrists, how will we pay for it?
Will we sign contracts as we do with mobile phones, getting hardware for “free” and paying for services? Or will we get discounts or free devices by handing over our personal data, as we do with Google and Facebook?
Smart home services are likely to be paid for the same way as mobile phones, predicted Stephen Pattison, vice president of public affairs at British chip designer ARM, speaking at the HyperCat internet of things Summit in London on 8 June.
“What we’ll be looking at in the future is a big company ... coming to your door saying they could give you all your white goods – your television, your phone, your tablet, they can do security around your house – and they will charge you rent for that,” he said.
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