You don't have to think about it. Just get an IoT refrigerator.
Of course, the actual implementations can (and in many cases have) been a lot worse than that.
You're not thinking capitalistically enough.
The fact that IoT is still a running joke and just a tolerated parasite to lower the sticker price at best is proof that the data is garbage because none of them are making much money off of it. Until they have an actual monetiziation plan for the data it is plain magical thinking.
"People mostly increase demand on their hot water heater in the early morning, evening, and night for showers dishwashers, and laundry on a semi-weekly, weekly, or bi-weekly basis."
"Well I could have told you that without spending six to seven figures on unnecessary expenses on a product line!"
Call it what it is: exploitation.
Greet and fraud are encouraged, if not idealised.
That’s not capitalism fault though.
Every other form of economic policy has the same problem, so it can’t be those systems in and of themselves that are the sole issue.
Might.
And probably trivially more, especially when you factor in a software update bricking your fridge and the manufacturer has conveniently disappeared / gone bankrupt / changed hands so many times no one knows who supports it.
You’re assuming an ideal world, which can’t possibly happen.
This was more of a method of managing peak load, however, still seems applicable.