According to the business world, IoT (Internet of Things) solutions have brought rapid advancements in the areas of analytics and automation. As a result, the costs of production have gone down, and realization of new products has become possible. Also, executives from Europe are embracing the solutions that are offered by IoT at a faster speed than their counterparts across the ocean. Physical devices are equipped with electronics that promote them with the exchange and collection of data. Cars, refrigerators, cameras, and pets have some level of digital connectivity. All of these phenomena are possible because of the internet of things.

By comparing the influence of the internet of things in America and Europe, a larger percentage of executives in Europe have started to implement IoT when it comes to analytical projects. The executives from Europe are more enthusiastic about IoT technologies than the executives from America. Even though Americans are less optimistic about IoT technologies, internet of things can result in the low cost of production and at the same time improve quality. Because of IoT technologies, manufacturers can combine analytic tools with sensors. This is useful when monitoring every step of the production process. IoT solutions also give producers the opportunity of collecting information about the performance of products in the field. However, implementation of IoT solutions come with obstacles. These solutions are vulnerable to security because of the rising cybercrime.

About Mr. Jason Hope

Mr. Jason Hope is a successful entrepreneur and futurist from Arizona. He is passionate about technology and giving back to the society. Most of his work in technology targets several areas such as research and development. Jason Hope always takes advantage of technology with the objective of improving the living conditions of human beings. As a philanthropist, Hope’s goal is to make sure that the local communities of Arizona succeed in life. He even donated $500,000 to SENS Foundation in 2010. The money was to be used by the organization with the purpose of promoting the development of rejuvenated biotechnologies.

Jason Hope was brought up in Tempe and attended ASU (Arizona State University), from where he received his Bachelor Degree in Finance. He also earned his MBA from the same institution. Jason is a robust supporter of education. He encourages learning process both inside and outside the classroom.

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