Office Hours: Income Inequality, Executive MBAs, ESG, and the Future of Smart Homes

Voice Control

Voice technology is rapidly becoming a central feature in smart homes, with Scott Galloway highlighting its potential to connect everything from refrigerators to lighting systems. He believes that voice will replace screens as the primary interface in homes, noting that the innovation around traditional devices like TVs is lagging behind. Galloway shares his personal experience with voice-controlled systems, emphasizing the convenience and efficiency they offer.

I think voice quite frankly is where it's all going and I think that your screen, if you will, won't be a screen, it'll be voice.

--- Scott Galloway

He also points out that companies like Amazon are heavily investing in voice technology, indicating its growing importance in the consumer tech landscape 1 2.

   

Market Growth

The smart home market is experiencing significant growth, with Scott Galloway noting that U.S. household penetration of smart home products is expected to reach 60% by 2025. He suggests that the most revolutionary consumer technology in the next decade will be voice, surpassing even AI and cloud technologies. Galloway highlights Amazon's strategic focus on voice technology, which he believes will be a key driver of this market expansion.

According to Statista, us household penetration, as in the number of homes using a smart home product, will be 40% in this year.

--- Scott Galloway

Additionally, he discusses the potential for smaller brands to innovate and grow within this space, despite the dominance of major players like Amazon and Google 2 3.