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Written by on March 20, 2017
Jason Hope, Arizona’s foremost tech entrepreneur, has long touted the advantages that will accrue to those who embrace the coming technologies of the Internet of Things. He explains that the main driver of these gains will be two factors. The first, which will provide most of the benefit but far from all of it, will be the direct improvement to people’s lives.
For example, driverless cars will free up millions and millions of man-hours per day, allowing employees across the country to become more effective workers, not automatons parked in heavy traffic on their freeway commutes. This is the most obvious way in which the Internet of Things will benefit the world.
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But the second way in which it will benefit people is subtler but potentially no less important. Jason Hope says that the internet of things will create orders of magnitude more data. While some people view such developments in terms of the threat to privacy and freedom, Jason Hope counters that these developments are as inevitable as the automobile was or the Industrial Revolution before it. What the advent of hyper data will do is allow for unprecedented levels of analysis. Every facet of people’s daily lives will be able to be optimized using the tools of big data, such as knowledge discovery, artificial intelligence and traditional regression models.
This could lead to incredible savings in everything from climate control to natural gas consumption, as devices, like stoves, which were previously not wired, become connected to the internet and essentially self-aware.
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