Is This Amazon’s New Plot to Undercut Google in Home Automation? – Market Realist
Home automation systems
A recent US (SPY) patent application by Amazon (AMZN) offers a glimpse at how the company is planning to undercut Alphabetâ€™s (GOOGL) Google in the competition for market control of connected home systems.
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The above graph shows the size of the market for home automation systems.
In a recent patent application, Amazon has discussed gaze-assisted object recognition technology. The technology could allow users to operate connected objects in their homes, offices, or cars by simply looking at them. Think about unlocking a door or turning on a television set simply by looking at them. YouÂ could also use the technology to extract information such as details about a book or people working in an organization.
Amazon envisions its gaze-assisted object recognition technology being built into glasses. It could be a device like Googleâ€™s Google Glass or Snapâ€™s (SNAP) SnapChat Spectacles. The person wearing the glasses can operate lights in a room or play music by looking, speaking a command, or making a gesture.
Rivals have a new problem
Amazonâ€™s gaze-assisted object recognition technology could wreak havoc for competitors such as Google and Apple (AAPL). These competitors are still struggling to catch up with Amazonâ€™s home automation systems market. Now Amazon is plotting a move that could cause them to fall further behind.
Google sells an Echo rival called Google Home, while Apple is rumored to be developing its own version of Echo.
A gaze-assisted object recognition device would radically change how people interact with connected devices around them.
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