Ending Soon! Save 33% on All Access

What Consumers Want -- and Don't Want -- From the Internet of Things (Infographic) As more and more connected smart devices pour into the market, here's what we hope for and dread.

By Carly Okyle

Opinions expressed by Entrepreneur contributors are their own.

Just as smartphones forever changed our lives, 57 percent of consumers say that they believe the Internet of Things will be revolutionary, with another 47 percent saying that companies that aren't trying to connect their products to the Internet are missing a big opportunity, according to a study conducted by marketing tech company Affinnova which was recently acquired by consumer and media insights compmany Nielsen.

Yet, as promising as the future is, right now customers are none too pleased with the Internet-connected products available. In fact, over 40 percent of people feel that most current smart products are more gimmicky than useful, the study found.

Related: Why the Investment Potential of the 'Internet of Things' May Be Overblown

Still, almost everyone admits that they don't even know what they want from a smart object. What's a company to do with such mixed results? When making a smart product, companies would do well to focus on ways to save the customer money -- either by helping save water or electricity or by alerting the customer to discounts via coupons or sales. Also important, companies will need to make sure the customer's data is secure and private.

Check out the infographic below to see what smart products people want, and what ones they can live without. A smart lightbulb sounds great, but a smart diaper...not so much.

Click to Enlarge+
What Consumers Want -- and Don't Want -- From the Internet of Things (Infographic)

Related: The 7 Most Useful Smart Home Devices

Carly Okyle

Assistant Editor, Contributed Content

Carly Okyle is an assistant editor for contributed content at Entrepreneur.com.

Want to be an Entrepreneur Leadership Network contributor? Apply now to join.

Growing a Business

Want to Expand Your Market Overseas? Here's Everything You Need to Know About Global Logistics in 2024

With rising geopolitical tensions and changing market conditions it can be hard for businesses to navigate supply chain logistics even in a post-pandemic world. Here are three tips from the CEO of an international customs brokerage.

Business News

Elvis Presley's Granddaughter Fights Graceland Foreclosure, Calls Paperwork 'Forgeries'

The 13.8-acre estate was scheduled to be sold in a public foreclosure auction on Thursday. Presley's granddaughter and heir, Riley Keough, is fighting to save Graceland in court.

Business News

Kickstarter Is Opening Up Its Platform to Creators and Making Big Changes to Its Model — Here's What's New

The company noted it is moving beyond traditional crowdfunding and making it easier for businesses to raise more money.

Business News

Target Is Lowering Prices on Thousands of Items — Here's Where You Can Expect to Save

The news was announced ahead of Target's Q1 2024 earnings call, expected to occur Wednesday at 10 a.m. EST.

Business Ideas

63 Small Business Ideas to Start in 2024

We put together a list of the best, most profitable small business ideas for entrepreneurs to pursue in 2024.