Integration of IoT devices into the home economy: development of the SmartHome software application for household management and cost optimization
Abstract and keywords
Abstract:
The article presents the development of the "SmartHome" software application, aimed at bridging the key gap between the technical capabilities of the Internet of Things (IoT) and the economic objectives of households. Unlike traditional smart home solutions focused on automation and comfort, the proposed platform is positioned as a financial management tool. Based on a modular architecture and the application of machine learning algorithms for time series analysis, the system integrates disparate devices, transforming data on energy and water consumption into personalized economic recommendations and automated savings scenarios. The results of modeling and pilot testing demonstrate the potential to reduce utility costs by 12–25% through adaptive climate control and optimization of household appliance load. The article discusses how the platform increases cost transparency, shifting user behavior from passive consumption to active resource management, and explores prospects for its integration into the broader context of the household digital economy. The development serves as an example of the convergence of technology and economics, transforming the smart home from a "luxury item" into a practical tool for enhancing financial resilience.

Keywords:
smart home, Internet of Things (IoT), home economics, household management, cost optimization, energy saving, machine learning, financial resilience, digitalization, software application
Text
Text (PDF): Read Download
References

1. Blackburn, O. Digital Platforms for the Circular Economy: Exploring Meta-Organizational Orchestration Mechanisms / O. Blackburn, P. Ritala, J. Keränen // Organization & Environment. – 2023. – Vol. 36, No. 2. – P. 253-281. – DOIhttps://doi.org/10.1177/10860266221130717.

2. Hornik, Ja. Designing smart physical stores using AI-enabled digital twins for an immersive shopping experience / Ja. Hornik, M. Rachamim // Journal of Contemporary Marketing Science. – 2025. – P. 1-27. – DOIhttps://doi.org/10.1108/jcmars-05-2025-0024.

3. Machine Learning-Enabled Power Scheduling in IoT-Based Smart Cities / N. Awan, S. Khan, M. Khalid Imam Rahmani [et al.] // Computers, Materials and Continua. – 2021. – Vol. 67, No. 2. – P. 2449-2462. – DOIhttps://doi.org/10.32604/cmc.2021.014386.

4. Pirouzi, S. Network-constrained unit commitment-based virtual power plant model in the day-ahead market according to energy management strategy / S. Pirouzi // IET Generation, Transmission & Distribution. – 2023. – Vol. 17, No. 22. – P. 4958-4974. – DOIhttps://doi.org/10.1049/gtd2.13008.

5. Saqib, M. A Concise Review on Internet of Things: Architecture, Enabling Technologies, Challenges, and Applications / M. Saqib, A. H. Moon // International Journal of Sensors, Wireless Communications and Control. – 2022. – Vol. 12, No. 9. – P. 629-650. – DOIhttps://doi.org/10.2174/2210327913666221216160435.

6. World Development Report 2019: The Changing Nature of Work. World Bank. [electronic resource]. URL: https://www.worldbank.org/en/publication/wdr2022 (date of request: 01/26/2026).

7. Gubernatorov, A.M. Technological platforms as a tool for developing the innovative potential of the region / A.M. Gubernatorov, M. S. Chistyakov // Economics and entrepreneurship. – 2023. – № 8(157). – Pp. 665-668. – DOIhttps://doi.org/10.34925/EIP.2023.157.8.119.

8. Further development of artificial intelligence to improve the energy efficiency of smart buildings. Review / H. Farzaneh, L. Malehmirchegini, A. Bejan [et al.] // Problems of the environment and natural resources. - 2022. – No. 1. – pp. 56-92.

9. Isaev, A. P. On the implementation of the program "Digital Economy of the Russian Federation" / A. P. Isaev, T. V. Vasilyeva // Eurasian integration: economics, law, politics. – 2018. – № 1(23). – Pp. 46-57.

10. Kartseva, A. K. Problems of analysis and structuring of the Russian digital economy system / A. K. Kartseva // The economic vector. – 2019. – № 3(18). – Pp. 61-64. – DOIhttps://doi.org/10.36807/2411-7269-3-18-61-64.

Login or Create
* Forgot password?