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Jason Hope: The Hotel Industry Is Likely To Reap Big From The Rapid Growth In IoT

Jason Hope has impressed many people across different sectors with his exceptional skills as a futurist. He utilizes his keen interest and impeccable technological understanding to study the industry and predict the future tech trends.

Hope has observed current technological trends, and he is certain that the Internet of Things (IoT) will transform the modern society. He has penned down several interesting pieces, terming IoT as the paramount new wave of innovation to hit the technology industry. Hope’s visions and advice concerning technology is instrumental to businesses and entrepreneurial persons who are striving to come up with ideal ways to profit from advances in technology in the future.

The Internet of Things (IoT)

According to Hope, the IoT has triggered many debates in the tech sector due to the fast-paced advancements of state-of-the-art devices. IoT is a catchphrase used to refer to any network-enable device. The device must allow 2-way communication for it to fall into the category of IoT. These devices may range from refrigerators, pacemakers, home thermostat, as well as other micro-scale transponders. Jason Hope believes the drastic growth in IoT will be beneficial to the hospitality sector.

Consumers are quickly acquainting themselves with new apps due to the high popularity of Internet-enabled devices like tablets and smartphone. Hope is confident that the hospitality industry will register tremendous growth due to the availability of advanced Internet technologies, such as apps for finding dates and booking transportation.

Jason Hope: what will drive the popularity of IoT?

As the IoT gets omnipresent and consumers become accustomed to having these applications in their homes, they will need to enjoy these amenities even when they are traveling. For instance, many people would love to control their HVACs using their smartphone. Vendors of IoT products and services are expected to earn over $300 billion in revenue, leading to a $1.9 trillion in overall economic value.