According to a USA Today report, Google is working on increasing data transfer speeds for its Fiber Internet service by 10 times. Patrick Pichette, Chief Financial Officer at Google, announced during the Goldman Sachs Technology and Internet conference that developers at Google are endeavoring to attain data transfer rates of 10 gigabits per second. Its Google Fiber service in Kansas City currently offers speeds of 1 gigabit per second.

Pichette said that faster data transfer speeds will push the use of software as a service (SAAS) because users will be able to trust that data-intensive critical applications will sprint smoothly over the Internet without any trouble. When asked about the probable timeline, Pichette said that the company is working to make it available in approximately three years.

One could safely assume that only a few U.S. residents will experience these speeds in the near future as it is highly likely that the search giant would launch these upgraded speeds in areas where Google Fiber network already exists. In other words areas like Kansas City or Austin could be the testing ground for the technology.

Google is not the only one working on such high speed data transfers over the Internet. Last year, researchers at UK achieved data transmission speeds of 10 gigabits per second through "Li-fi", a wireless Internet connectivity technology that uses light.