Thermostats and smoke alarms will soon be operated via smartphones.
Google has invested $3.2 million in manufacturer Nest for the new features that could change the dynamics of home life Market Watch reported.
The $249 thermostat adapts to consumers schedule, and adjusts to times when no one is at home Market Watch reported. Tony Fadell, and Matt Rogers previously of Apple established Nest in 2010 Market Watch reported.
"Our privacy policy clearly limits the use of customer information to providing and improving Nest's products and services," Matt Rogers, co-founder of Nest, posted in the company's official blog.
State-of-the-art thermostats rake in $3 billion in yearly income according to IBISWorld Market Watch reported. Numbers have increased two person dating back to 2008.
Devices run by smartphones are expected to rise to $35 billion in 2020 compared to $612 million in 2012 Market Watch reported according to information from Navigant Research Market Watch reported.
"Smartphones are increasingly the remote controls for our lives," Jeff Kagan, a technology analyst told Market Watch. "They will control everything in your house and car," Kagan told Market Watch.
"You can expect to see more companies attempting to do this in coming years, tracking nearly every movement in your home," Neil Strother, senior research analyst at Navigant Research told Market Watch.
"Connected cars may report unsafe driving, raising or canceling your insurance," Adi Kamdar of the Electronic Frontier Foundation told Market Watch. "Similarly, a home insurance company might be interested in a smoke detector that goes off several times a day," Kamdar told Market Watch. "During a divorce, your spouse subpoenas a thermostat company for records to prove that you set low temperatures in the house, keeping your kids too cold," Kamdar told Market Watch. "Is that something you want to even deal with?" Kamdar told Market Watch.
