With the advancement of technology and the availability of Internet connection worldwide, things are changing rapidly in society. From the usage of internet in also all the industries to the usage of internet in your wearables; the Internet is the life source that keeps this Tech Revolution going. In his book “Understanding the Internet of Things Revolution: A Quick Guide for Thriving in the IoT Era”, Jason Hope elaborates the things that will happen in the future of IoT.
To define the Internet of Things, it is the network of devices connected to each other via the use of the Internet for the enhancement of the lives of the people who use them. Any device that can connect to the Internet is called a smart device such as smartphones, smartwatches, even a smart refrigerator.
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The benefit of IoT, according to Jason Hope, is not only for home usage. A lot of industries are becoming interested in making IoT devices that will make the work better. According to Gartner Analyst Firm, the number of smart devices is going to boom for more than 26 million devices by 2020. By then, to support the rising number of devices supported, it is expected that the Internet Service Providers will also step up their performance and make the Internet speed and reliability better.
The Internet of Things is expected to change a lot of things about home, businesses, and infrastructures. Just like when electricity was first introduced on houses, there would also be adjustments needed in order to install IoT systems. Because of IoT, houses and infrastructures will need to be modified in order to install a smart system efficiently.
With the upward trend that surrounds IoT right now, it would be expected that there would be a lot of business opportunities as per Jason Hope. With this new technology comes the new innovation or products and services that can be offered in the market.
Jason Hope is known as an entrepreneur, investor, philanthropist, and a futurist. He is currently residing in Scottsdale, Arizona. Jason got his bachelor’s degree in finance from Arizona State University. He also got an MBA which he received from W.P. Carey School. He is a contributor to a variety of tech blogs.
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