Technology is proving to me a more useful in advancements in business. It is used in some field such as automated analytics thus reducing costs incurred in production. Europe is embracing the use of technology in finding solution at a high rate about its competitors. Cameras, refrigerators, cars, and pets have a degree of digital connectivity. With cost innovation in hand, a term “the internet of things” came to existence. Investors then came and discussed on how IoT would shape the future. Bain and Company carried out research in 2017 the findings were; 27European% of respondents had started implementing Internet of Things. 25% of Europeans Investors planned to fuse various IoT solutions in contrast to 16% of executives from the US.
The combination of sensors by manufacturers with the analytical tool is now doable apart from the downfall prices of electronics. This helps in monitoring every step of production level. IoT helps and allows for the simple gathering of data hence easy to establish products performance. Officials are also in a position to keep a record of customers apart from engaging with them on issues about the product. This gives executives accurate information hence they make more informed decision. The trend, however, has raised some concerns about privacy of consumers. The companies are trying to come up with a solution on how to conceal consumer’s identity.
Jason Hope entrepreneur and investor in the technology and philanthropy sectors. He is a man focused on the future occurrence; this attribute made him specialize in market analysis and technological advancements which impact the world. He currently dwells in Scottsdale. He is a philanthropist with the aim of making his Arizona community thrive despite the obstacles. With his kind heart, Jason promised $500000 to a known profitable organization called SENS Foundation. He holds a degree in finance and an MBA both from Arizona State University.
About Jason Hope: http://jasonhope.com/philanthropy/