Posts Tagged: encompassed in the Internet of Things

Jason Hope talks about future of Internet of Things

Jason Hope is one of Arizona’s most prolific entrepreneurs. After having founded Jawa, one of the first premium content mobile streaming services, Hope has gone on to lead a superlative career, founding dozens of highly successful startups. This has given him a certain cachet among tech aficionados. When Hope speaks about all things internet, the world listens.

Recently, Hope has stepped aside from his busy schedule running his internet empire and has begun writing and blogging for a series of tech outlets on the coming technologies that will be encompassed in the Internet of Things. Hope believes that the Internet of Things will be one of the greatest opportunities for entrepreneurial innovation that has ever existed. Hope sees the Internet of Things as ushering in a new era in internet technology and technology in general, perhaps rivaling the Industrial Revolution itself and transformative capacity.

Hope says that the technologies that will become commonplace will radically transform the way in which everyday Americans live their lives. Things like automatic shopping will become commonplace, with automated delivery systems capable of not only delivering groceries directly to the homes of people who order them but also of automatically filling the orders in the stores themselves.

Although some people may see this as being far-fetched, Hope is quick to remind people that these technologies already exist. Today, most technologies that facilitate automated order fulfillment, such as the advanced robotics seen in Amazon order fulfillment centers throughout the country, are prohibitively expensive for smaller businesses, only being able to be afforded by the largest and most well-heeled companies. However, he says that these technologies, like all computerized devices, will follow an exponential decay model in their pricing. Hope claims that this is a direct result of Moore’s law, the idea that computing power doubles roughly every two and a half years. Hope says that, when more first formulated his law, in the late 1960s, almost nobody believed that it would be possible to sustain such rates of exponential growth in the ability of computers to process information. However, Hope notes that Moore’s law has held almost perfectly right up to the present, with computing speeds having retroactively doubled roughly every two and a half years.

Hope also says that automated shopping is just a tiny slice of the radical transformations that will take place due to the Internet of Things. Hope believes that these coming technologies will produce efficiencies and cost-savings that will make almost all prior technologies seem like child’s play. For more info about us: http://jasonhope.com/grants/ click here.

Hope says that young entrepreneurs looking to make their fortunes should do everything they can to learn all they can about the technologies encompassed in the Internet of Things.