Angel investor, futurist and philanthropist Jason Hope is noted for being “way ahead of the curve” when it came to touting the remarkable influence IoT would have on the economy and life in general. IoT stands for Internet of Things. It’s a broad term that describes how all kinds of devices and ordinary implements can be connected to the internet.
Therefore, interface with an array of human interactions and automated functions. A simple example is using a smartphone to control the lights in a home, Jason Hope comments. Even when the homeowner is thousands of miles away, an IoT connection enables that person to turn the lights on and off. Many people connect all kinds of household appliances with an IoT interface, from the central heating system to a coffee maker and garage door opener.
But Jason Hope points out that IoT’s wide-ranging influence goes well beyond the cool things we can do with the gadgets in our homes. IoT has enormous implications for the automation and streamlining of business and industry. Hope said this kind of IIoT (Industrial Internet of Things) is in the process of transforming manufacturing.
Also, distribution, transportation, efficiency, waste management, energy usage and much more. There is practically no level where the effect of IoT and IIoT will not make a difference. Jason Hope said IoT is the key element that will finally fuse robotics with the overall command and control of a business organization.
Many industries have already been using many kinds of “robots” for years. However, now that they can all be interfaced through the vast connectivity of the Internet means that even robots will become more efficient. Where does all this automation leave ordinary people in the picture? Jason Hope believes that many jobs taken over by robots will be replaced by better jobs at different skill levels.