Google is reportedly developing a new technology that offers data transfer speeds of about 10 gigabits per second, which is about ten times faster than the existing Google Fiber service.
Dubbed as the next generation of the Internet, the new technology is still in a research phase, and its implementation of connections on consumers may still take years, according to chief financial officer Patrick Pichette.
"That's where the world is going. It's going to happen," Pichette told the USA Today.
It may occur over a decade, but "why wouldn't we make it available in three years? That's what we're working on. There's no need to wait," Pichette added.
In addition to Google, several other firms are working on the technology with UK researchers achieving a data transmission speed of 10gbps via 'li-fi', which is a networked, mobile, high-speed communication solution similar to Wi-Fi.
The implementation of faster speeds would also augment the use of software as a service as users can trust that potential applications that are data intensive, and will run efficiently via Internet.