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When Google bought Motorola in 2012, its mandate was to get more millions people on the mobile web. Now with its $3.2 billion purchase of Nest Labs, Google could get millions of homes connected to a different kind of web : an energy management system powered by Big Data.
The sexy world of smart homes aside, one easily overlooked but important part of Nest’s business is energy management. Though the company has booked an estimated $275 million in sales from its Leaning Thermostat since the (...)