I'm interested in home automation and the Internet of Things and what options presently exist in the relatively cutting-edge field.
I would like to know if it is possible to use something like a central home computer (equivalent to ECUs in vehicles) that is connected to the internet and which can, for example, flip power switches without the need that the switch itself has a CPU and modem to connect to the internet directly, like the Nest thermostat does (which makes it bigger, more complicated and expensive). In order to do that, the electric (Romex) NM cable that is normally 14/2 NM (hot, neutral, and ground), that connects the switch, would also need to have data wires or cable to correspond with the computer, which, I'm guessing should be close to or better yet integrated in the main electrical panel.
The above paragraph is something between a fantasy guess and an educated hypothesis. I'm asking if what I described exists or is on its way or am I missing how the whole thing should work.