IoT has started to revolutionise the construction industry's functions as a business. Major equipment manufacturers have been highly invested in the IoT space, allowing equipment to be able to calculate and optimise machine hours, monitor fuel consumption, as well as provide GPS tracking.
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The IoT market is seeing vibrant activity. Google & Nest Labs In its second-largest acquisition ever, Google paid $3.2bn to buy Nest Labs, a maker of smart smoke alarms and thermostats for homes, back in January.