At times, people offer investment advice that may come in handy. Well, Paul Mampilly is one of those individuals. As a man who has amassed loads of knowledge regarding investing, finance, and also stocks, Paul Mampilly’s investment advice is credible. Apart from that, Mampilly is a renowned investor who has worked as a hedge fund manager at Wall Street. Far from that, he has always shared the knowledge that he has acquired over the years with his kids.
Well, Paul Mampilly has time and again stated that it is quite risky to invest in futuristic forms of technology. He backs his statement by acknowledging that some types of technology tend to fail at times. As much as various technological innovations tend to be promising, some tend to enjoy a brief moment of success. Additionally, some ideas may seem viable, but they may, in turn, prove too expensive to maintain and create at the same time. With that said, Mampilly is still confident that some forms of technology are bound to succeed and also act as suitable investments.
The various futuristic technologies are such as the internet of things which involves inter-connecting multiple devices that can transmit data. Such devices are such as sensors, cameras, and other devices. These devices will communicate with each other thereby being termed as smart devices. Far from that, this technology is gaining popularity all over the globe, and it seems very promising.
Paul Mampilly has gone ahead and brought about a discussion about the plane engine known as the Pratt& Whitney PW1000G. This plane engine is equipped with over 5,000 sensors that can generate approximately 10GB data per second. The engine gathers such a vast sum of data in a short time so as to improve the efficiency and the safety of the engine. Furthermore, this specific aspect makes the engine less expensive to maintain and easier to operate. Far from that, the passenger experience is also improved in the process due to increased comfort. Additionally, the lifespan of the plane engine is also increased. With such advantages, the internet of things is here to stay.