Strategy in TECH...
The Park West Group, a CI industry-specific executive search firm, announced earlier this month that it is expanding, adding Mary Demple to its team. The company says this expansion is being made to address the continuing growth of its business.
Imagine this, you leave work early to grab a quick bite of lunch and get home before your sister, niece, and nephew arrive for a family visit. At lunch, you get a notification from your Ring Doorbell app and see that they’ve arrived early. No problem, thanks to Ring, you can let them in and head out to meet them there.
But is it really your family? Or is it a hacker who has figured out how to hack your Ring Doorbell and is now in your home, emptying it of all of its valuables?
The U.S. Commerce Department released new data this week on housing starts for December 2018. Overall residential construction dropped to 1.08 million units on a seasonally adjusted annual rate or 11.2% lower than the November rate of 1.2 million units. This is the lowest rate of residential construction since September 2016.
A new survey by a business economics organization reveals that nearly 8 out of 10 economists (77%) say there will be a recession in the U.S. by 2021. A majority or 52% of them suggest that a recession will take place by the end of 2020. Yet even so, a majority of these economists anticipate that the Federal Reserve Board will continue to raise interest rates yet this year.
We learned today that Bowers and Wilkins (B&W) is close to launching a new series of products that appear to be under the “Formation” brand or series name. This news broke when MacRumors, a fan blog for aficionados of Apples McIntosh products, noticed a listing on Apple’s online list of sanctioned HomeKit and AirPlay accessories. They dug deeper…
Eyebrows raised everywhere when privacy-concerned industry watchers discovered that Google had put a microphone in their Nest Secure home alarm system, but failed to disclose that fact. Google says is was simply an “error.” But was it?
The latest data from market research firm Strategy Analytics shows that Amazon is still the king of the smart speaker market – selling more smart speakers than anyone else. But the data also showed something else rather surprising – Google has substantially closed the gap between it and Amazon, coming within about 5.5% of Amazon’s market share numbers in the all-important fourth quarter selling season.
Emerald Expositions Events, Inc. (NYSE: EEX), owner of the CEDIA Expo and many other shows, reported their fiscal 2018 fourth quarter and full year results on Thursday and it was a dramatically mixed picture that suggests the company is still working through problems on many of its largest shows. Revenues in both periods increased nicely, largely thanks to acquisitions – but the company reported a large net loss as it was forced to take an impairment charge against earnings to write down the value of some of their shows as carried on their books.
Josh.ai announced this morning that it has partnered with Savant to bring their more intuitive voice command system to one of the leading control systems in custom integration. While there are many advantages to this partnership, a big one is bringing the seamless integration of voice commands to Savant’s renowned user-centric ‘scene’ feature.
ResiWeek, the podcast from AVNation.tv that is focused on the residential integration industry segment, has once again invited Strata-gee editor Ted Green to participate as a guest panelist on its weekly podcast. This episode #158 featured several top stories pulled from the industry news of the day.
