Nest Thermostat's True Value: Social

Nest Labs has released the Nest Learning Thermostat 2.0 nearly a year after 1.0 was released. As Nest continues to innovate ​in the smart, green thermostat space, marketing and perceived value has always tended towards: how much money does this save me? However, after one year of data collection by Nest, the deeper value in Nest is its social and aggregate value.

Nest is able to collect data on energy use and energy savings (read their stats here and download the whitepaper) Nest translates that into a monetary figure for average money saved. What is really exciting about Nest is its sociological implications for connected, networked based energy production, consumption, and data collection. As Nest Labs continues to collect user data we will begin to learn how people use energy and how we can improve energy efficiency and overall reduction. 

Nest Labs markets the Nest as, how we can save you money, but the larger, sociological implications of networked and data producing energy devices is Nest's real social value. And that is more exciting, and in the long run, more important than personal savings.

Honeywell Killed Off its Learning Thermostat 20 Years Ago

I missed this one:

Katie Fahrenbacher, writing for GigaOM back in February, reported that, according to Honeywell, the company "found that consumers prefer to control the thermostat, rather than being controlled by the thermostat” and decided to cease development. Twenty years later, however, Nest Labs entered the thermostat market with in 2011 with a learning thermostat, one that requires no programming or fiddling to save money and energy use.

This past year, the Nest has gotten huge press and great reviews. Subsequently, Honeywell has sued Nest over the Nest Learning Thermostat, claiming it violated a string of patents. Interestingly, technology writer and iOS developer, Marco Arment has dinged the Nest for having weak programming abilities, a downside according to Arment of a learning thermostat, though Arment generally likes the Nest in other areas.

For the past year Nest has been a great case to watch as it attempts to disrupt the thermostat industry and points to the potential to connect internet technology and energy use and reduction.