Very interesting article I came across yesterday regarding Google’s acquisition of Nest Labs:
“Why is the Nest acquisition important to the real estate industry?
The real estate implications are obvious. Many analysts believe that the home and auto industries are ripe for disruption and innovation. I ranked the “Internet of Things” No. 2 in my top 10 tech trends for 2014, and noted that it could be the most disruptive trend of the year.
IT research and advisory company Gartner predicts that, by 2020, the total “economic value add” for the Internet of Things will be $1.9 trillion a year, and benefit “a wide range of industries” including health care, retail and transportation.
Smart connected devices and appliances will have a significant impact on homes this year, and with Google’s acquisition of Nest, I think it’s safe to say the Internet of Things has finally hit home.”
– See full article here