TMT Blog: Building a Nest…

Now, I love statistics, warm showers and tech. So combining these things can only be a good thing, right?

Well, it appears so and it only costs you $3.2bn.

Post Google’s acquisition in January, their recent revelation for Nest is to allow third party products to apply its “smart” thermostats and smoke alarms.

Early adopters are Jawbone’s UP wristband and Mercedes to name just two. I own the cheaper of these products and now all I need to do is remember to put my Jawbone on and it lets my thermostat know when I am waking up. I don’t even need to bother to turn on a device to control it, so cold showers can now be a thing of the past.

I was scratching my head at the time as to why Google paid such a big price for a company that had only two niche products, but it is now evident that Eric Schmidt’s punt on intelligent devices for the home will bear much fruit and keep them competitive in the war for market share against the likes of LG, Samsung and Apple – controlling everything from fridges and ovens to air conditioning and garage doors.

So it looks like intelligent systems technology is the future, which is a space we know quite a bit about having advised the likes of i2s and Imtech on the acquisition of Capula.

All I need now is an app to make me smarter, better looking and wealthy.