[jaredraby]

I guess my opinion comes from the idea that there hasn't been a product or company that exemplifies a basic/robust system as we have both described. Everything has had the flashy app, or cloud connectivity, which in itself is a cost. If you're able to build a basic system completely contained, mark that up, you have just a regular hardware product, doesn't need to be IoT. Now, if you want remote monitoring, or backup systems you can start charging for that. Which, I might add, traditional security companies already do. And what many IoT companies seem to consider "essentials" rather than "extras". I think once the idea is shifted from user base / experience towards a goal to hit the actual benefits (ease of expansion / cheap data monitoring ) then we'll start to see IoT really explode.