Once only available in science fiction movies, the internet of things (IoT) is now a reality. The technology allows various devices to communicate with each other, thus operate automatically. One of the renowned proponents of this technology is Jason Hope. He believes that the adoption of IoT will help in improving human lives and increase productivity. Although the technology is slowly being adopted across the globe, Europe is currently leading in consumption of IoT. According to recent data, European executives are adopting IoT solutions at a faster rate than those from any continent.
Kevin Ashton came up with the ‘Internet of Things’ in 1999. Although the system initially consisted of computers, technology advancement has enabled more devices to become part of the system. Cars, refrigerators, and different devices are becoming part of the system. These items contain electronic chips that allow them to collect data and exchange them with other devices. The growth of IoT has also been boosted by the continuous drop in prices of smart devices. Hope believes that IoT will significantly influence the future. This information was originally published on Geeks News as provided in the following link https://medium.com/@jasonhope
Bain & Company conducted an IoT survey in 2017. Over 500 executives from the US and Europe took part in the research. From the survey, it was established that 27 percent of the executives from Europe were already implementing IoT. In the US, only 18 percent were using the technology. Moreover, 25 percent of the European executives are planning to integrate IoT solutions with their information technology system in the next three years while only 16 percent of American Executives had similar plans. The study also found that executives’ thoughts on IoT are also varied. Notably, 66 percent of respondents from Europe believed that the technology could be used to improve production while 75 percent of American respondents expect IoT to help in cutting cost and reducing wastage.
About Jason Hope
Jason Hope is a renowned American investor, philanthropist, and entrepreneur. His investments are in the field of technology. He is interested in how technological development will influence the future generations and their lifestyle.
The resident of Scottsdale has a degree in finance. He also holds an MBA from Arizona State University. The technology enthusiast is also known for his philanthropic initiatives that have helped in improving the lives of thousands of people across the US. He is also affiliated with the SENS Foundation.