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Smart homes are currently facing challenges that are increasing with the diversity of their residents needs. Explosive growth in mobile Internet use, mobile apps, and smartphones, increased connectivity of devices and IoT, and cost reduction of sensors and radio frequency identification (RFID) are the trends needed in smart homes and today still cannot meets the needs of elderly residents. Analysis of the smart home business platform for technology governance planning tasks that includes the recommended decision flow process and as a recommendation from an established business model and expanded to include a series of additional parameters needed to successfully analyze new service business models that offered by the developer and detailed analysis of proposed governance in the service sector. This framework presents a technology governance model for updating strategic plans and governance models for technology and frameworks designed to meet the needs of the elderly population and as a recommendation for smart home management that aims to measurably improve the welfare of the people in Indonesia. The proposed model and strategy recognize the diversity of the community with existing household appliance provider and developers to optimize resources to achieve the goals and objectives of elderly smart home residents.