For Jason Hope, the future of technology is a deep passion. The tech entrepreneur got his start after earning his finance degree from Arizona State University. He later went back to ASU for an MBA from the institution’s prestigious business school.
As a technologist, Hope has a keen interest in the Internet of Things (IoT). IoT refers to embedding online devices in everyday objects, and the first steps towards IoT have already been taken, with smart homes and smart devices such as Google Glasses becoming more common. According to Hope, IoT has already become an important driver of economic growth.
According to Hope, the biggest tech companies are staking a claim in IoT and banking on its future. The new CEO of Cisco, Chuck Robbins, recently announced a $1.4 billion equity investment in a company specializing in IoT. Hope also pointed out the example of Silicon Labs, which is experiencing enormous growth designing and manufacturing circuits for IoT device components. Jason Hope sees these major investments and successes as proof that IoT is real and not just a passing fad.
Hope believes that one indication of the ubiquity of this technology is that it is about to go mainstream. According to Hope, at this stage of the game, most people have not heard the term “Internet of Things,” even if they own a fitness tracker or having some level of automation in their homes. Hope believes that all of this is about to change and that IoT is moving closer to becoming a household world.
Jason Hope also notes that another way IoT is fueling economic growth is data. The rise of big data and data-driven analysis has been nothing short of a revolution, and businesses will now have to figure out how to process and make use of all the data they get from IoT.
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