WINDSTREAM TECHNOLOG (OTCMKTS:WSTI) has recently released a report on “The Future of Connected Home and Community”. With everything coming to our fingertips, there has been a growing need for technology to be interconnected. As we move forward, soon we would see everything around us being connected to one another, with the central control in the palm of our hands. The report targets this very situation and explains what we would see in the next 10 years. It was written in cooperation with Ovum, a global technology research firm.
The report tells in detail, what the current state of connected technology is and how will it transform in the future. It even targets specific industries like healthcare, transportation and entertainment. The analysts have also talked about what factors would drive the widespread adoption of such technology. The Senior VP of consumer and small business at Windstream, Sarah Day, explained that Windstream focuses on connecting communities, so the company thought about giving an overview of how things are about to change in this industry. As per the report, currently, security, home automation and energy efficiency are in the process of being accepted. However, in the next 3 years, these technologies will be widespread and as we move further and the systems become more user friendly, the connected home would soon become a norm.
Of course there will be a number of resistive movements against the popularity of the connected home. So, the next 10 years should also see a rise in movements for better privacy and security concerns created due to the connected home. Manufacturers will definitely have to overcome these fears to truly develop connected communities. Apart from resistance from the people, the companies would also need to focus on reducing costs and the ease of availability of these devices.
WINDSTREAM TECHNOLOG (OTCMKTS:WSTI) closed at $0.179, gaining 10.49% in the market on April 17. The company currently trades 88.4 million shares in the market, with a 52 week range of $0.06-$2.25.