Paul Mampilly is one of the investors who support the Internet of Things to be a great idea that will bring radical changes in the technology sector. The term means the ability of devices to connect to the internet. With this technology, devices can connect to the internet of things and share information amongst themselves without the intervention of human users. This technology is gaining momentum and many industries are implementing it in large scale. This technology will give us a new way of doing things and chances are that many products that we use today will be faced out in favor of the new products that depend on the Internet of Things.
Paul Mampilly in a recent article talked about the opportunities that are available in companies such as Pratt &Whitney which have fully embrace the IoT. This company is now creating engines which come connected with sensors. The sensors gather data on the status of the engine such that even if something was to fail, it can be detected on time. This new technology is adding safety into the aerospace industry. The benefits of the IoT are the ones that will bring economic benefits to the companies which are producing them. Consumers will now start going for the technologically advanced products as opposed to what is available to them now. So, investors should be looking for opportunities in companies which are embracing this technology since they will be performing well than others.
Paul Mampilly sees opportunities in the recent developments in the technology sector. An investor who will spot some good opportunities will likely create some good profits like the investors who invested in the mobile phone companies. Paul Mampilly is not just another expert in the street, he is internationally known for his role as an investor and financial analyst. He has worked in the Wall Street for two decades and left with a great reputation of turning the hedge fund he was managing into the “best return hedge fund.” He won the Templeton Foundation award for the best trader after returning some very good results. He won after returning 76 percent of the initial investment.