There was a great article in Forbes recently talking about the Internet of Things and the impact it will have on Retailers. With solutions like IRIS from Lowes, connectivity to a wide range of "things" in the home is already. While starting around energy with thermostats, and lighting control, they are expanding their abilities. Just recently Orbitz announced an IRIS-enabled (z-Wave) water timer for example. Lowes also introduced their MyLowes card a year or so ago. While the public messaging was around helping you track your returns, the reality is that Lowes knows what you bought and when you bought it.
Think about the possibilities of combining the knowledge of what you purchased with the ability to connect and communicate. Lowes would be able to set the watering timer daily based on the type of plants you bought, the weather conditions, and the locale of your home. They might even add a moisture sensor to the plant to further complement the solution.
Look at all of the systems that can gather knowledge and interact, and be accessed by a human-driven smartphone today, but why not my indepth analytics and recommendations engines tomorrow.
The real value in the connectivity and the knowledge will come from the combination of knowledge. While everyone is focused on Nest and what Google is doing, Lowes is on a much path towards a deeper real knowledge of your home and everything about it, while adding real values for the consumer.
We're so early in the journey still. Many more players will emerge, and new technologies will be spawned, but the potential is endless.