Google's Multibillion Purchase Of Nest Is Just The Beginning Of 'The Internet Of Things'
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We saw some huge news today in the Internet of Things space, that area of tech that's trying to connect everyday objects to the Internet and make them smarter.
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Nest, a company founded by former Apple employee Tony Fadell that makes smart thermostats and smoke detectors, sold to Google for $3.2 billion. Take the purchase as a sign that big tech companies truly do think we'll one day live in a future where everything is connected online.
According to analysis from Business Insider Intelligence, more than 18 billion devices will be connected to the Web by 2018. Wow.
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This chart says it all:
Business Insider Intelligence
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