Jason Hope is an investor, futurist and a philanthropist based in Scottsdale, Arizona. Hope attended Arizona State University where he graduated with a degree in finance. Jason Hope later enrolled for his MBA at the prestigious W.P. Carey School of business. After completing his education, he established a mobile communication company. The company performed well and gave him the capital to invest in other ventures.
Jason is a firm believer in the internet of things. Internet of things refers to the networked technology that allows various computer devices to synchronize with each other. They include devices that are used in daily life such as street lights, cars, electronic devices and kitchen appliances. They are connected to share data, increase efficiency and reduce wastage.
Hope is at the forefront of making the internet of things a reality. He is actively being involved in making investments in the information technology field. He believed that IoT has the potential to change the way the businesses operate. The new technology will change the way we conduct our daily routines such as preparing breakfast in the morning, switching off lights in our homes and much more. The technology will make us be in control of most of the tasks we perform every day even when we are far away from home. According to Jason, the smart technology and the IoT will bring convenience in our lives. Internet of things will become the only way forward soon.
Once the leading companies embrace the smart technology, it will become difficult for other businesses to keep up with them. Hope says that he expects fierce competition between the major companies in the next few years to come. The companies will be competing in developing the most useful and relevant applications for the modern consumer to engage in and interact with their daily lives across multiple devices.
The smart technology and IoT will bring positive changes to the society as a whole.The technological advancement has the power and the capacity to minimize wastage and make our lives safer. According to Jason, the public transportation has experienced significant improvement because of the IoT. These upgrades include real-time mapping of roads and availing the information to drivers about a dangerous condition on the roads. Such information has greatly helped in reducing the number of accidents on our roads.
Although most of the frequently mentioned potential benefits of the Internet of Things are concerned with improvements in city life, IoT also has some potential benefits for rural areas. For example, GPS tracking will improve accurate and efficient data tracking of vehicles on the road day and night. In case of an accident, emergency responders will be receiving alerts on the exact scene of the accident.