The Extraordinary Potential of the IoT
I recently made a number of private investments in companies at the seed stage. Seed-stage companies are companies that are starting up from scratch. Often, they have no sales, are losing money and are completely dependent on funding from people like me … who are willing to take the risk of seeing all their money go down the drain.
You might be wondering why I would even bother, then, if the risk is so great that I might lose all my money.
The reason why I’m willing to put money to work in such a risky situation is because of an incredible technology trend that’s unfolding right now. I believe that this tech trend is setting up to reshape the world as we know it. Remember, getting in early on tech trends such as the personal computer or the Internet has generated incredible returns for investors in companies such as Apple and Microsoft, and then Google and Amazon.
So what’s this incredible tech trend that’s unfolding right now and could lead to mind-blowing fortunes for getting in early?
The Biggest Tech Trend in History
The trend is the Internet of Things (IoT). Although, the IoT is not one single tech trend. It’s really a series of trends that forms one big mega trend.
When you look at it this way, you can see that this trend starts at the base level with sensors, or computer chips that can record, track, monitor, collect and then transmit data.
The next level is the collection, organizing and parsing of the data to construct patterns and provide useful information through Big Data techniques, artificial intelligence and algorithms.
Then this information is used to improve something that’s critical to society, such as by generating electricity more efficiently or conserving water … using less materials to make things or making engines work more efficiently … or by making buildings more energy-efficient or generating maps on the basis of traffic patterns or weather.
The whole idea of the IoT is that it takes what were previously “dumb” machines and makes them “smart” through the chain of IoT processes I just described.
Work Smarter, Not Harder
One of the companies that I made a private investment in takes an important but dull activity — in this case, changing air filters in your house — and makes it easy.
By using the company’s Smart Vents, which connect to the Internet and each other, you can control how much air reaches each room of your house. That lets you adjust the temperature in each room to feel more comfortable and optimize your energy usage.
That’s not all. Smart Vents have built-in air purifiers with sensors that tell you when they are dirty and need replacing. In time, the company plans to set things up so you will have refills automatically sent to you just when your purifiers need to be replaced.
Smart Vents may seem like no big deal to you. However, the home air filter global market is expected to reach $19 billion by 2020, and it’s being dominated by cheap “dumb” filters. The company that gets the air filter market right could make a fortune.
Editor, Profits Unlimited