The Internet of Things (IoT) has risen to prominence in the recent years. As the world becomes more connected, the field of business has experienced dramatic reduction in the production costs. According to a research that was conducted by Bain & Company, Europe leads in the adoption of IoT. European executives are embracing IoT solutions faster than their American counterparts. Different companies have been using IoT for analytical purposes. Such corporations are optimistic about improving their products with the advancement of IoT technologies.
Jason Hope, a renowned technology expert, pointed out the IoT era has lowered production costs. Today, less expensive electronics’ sensors can be combined with analytic tools to keep track of the production process undertaken by a given company. The prompt feedback that companies by virtue of using IoT gives room for optimization and immediate adjustments. Through the technology, executives can monitor their customer engagement with the products to determine how to improve their services. Despite of major security concerns by Europeans, most European automotive companies spending more on IoT solutions. For instance, Siemens and Schneider have invested more than €8 billion in IoT acquisitions. This information was originally mentioned on Geeks News as outlined in the following link https://medium.com/@jasonhope
About Jason Hope
Jason Hope has had an impressive career. He has made massive contributions in a number of fields. Hope is a shrewd entrepreneur, a futurist, a tech investor, and a philanthropist. The executive went to Arizona State University where he graduated with a degree in finance. Jason Hope proceeded to ASU’s W.P. Carey School of Business to pursue his MBA. Jason helps the next generation entrepreneurs to achieve their dreams by offering them financial support to start their businesses. He has also been advising different businesses across the State of Arizona.
As a futurist, Jason Hope is always looking for disruptive opportunities that make use of technology to change lives. He invests in businesses and individuals who have a dream of developing world-class technical advancements. The philanthropist supports different humanitarian organizations in the Arizona community since he believes in improving the future of mankind. His boundless career has also seen him publish numerous IoT articles, including The Security Risks of the Internet of Things, The Marriage of IoT Marketing- Where True Values Lies, 5 Predictions for the Internet of Things, and The Biggest Problem with the Internet of Things.