IoT-powered homes or smart homes are the next big thing in the industries. They will ensure an easier day and simpler management through automation and interconnectedness. It is stretching through various industrial domains like healthcare, homes, hospitality, etc. A disruptive growth has been found in smart home industry with the US spending $19.827 billion on smart home technology. It is thus providing home automation, smart kitchens, climatic control, smart security systems, and lots more. With the help of IoT technology, lots of people are saving their daily time and energy and accepting new variations in life. The adoption of smart homes is leading the industries with innovation and IoT approaches to ensure better standards of living. Here is an infographic that explains the benefits of harnessing IoT concepts for building smart homes.