HESTIA - Secure Home Automation Solution

HESTIA, the light switch of the future, is a secure home automation solution using computer vision to replace existing switches. To turn on/off/dim the lights, HESTIA brings on innovative functionalities that give it a competitive advantage over existing light switches. These core innovative functionalities consist of the following:● Room presence detection using computer vision: The physical light switch houses a capacitive touch sensor as well as a camera and a processing unit with a computer vision algorithm to detect the occupancy of the room.● Mobile phones and smart home devices interaction using wifi: The light switch can also be controlled via wifi using a mobile phone application as well as smart home devices like Google Home. The viability and economics of the project analyzed show an asymmetric opportunity in terms of rewards.● Target market and direct competitors: The smart home market is a multibillion dollar industry with a substantial portion dedicated to lighting solutions. There is shown to be a large discrepancy in revenues between today's top companies. We believe that our flagship product HESTIA has unique competitive advantages over existing competitors in terms of functionality that will enable us to establish a top spot in the market.● Risks and benefits: The main benefit is immense potential growth in the home automation market with a competitive advantage consisting of innovative design using computer vision. Once the final product is developed, project viability to take the product to the manufacturing stage would be determined by calculating if the Net Present Worth (NPW) estimate is greater than zero.