Paul Mampilly has been encouraging the readers of his newsletters to think about investing in the future. When Mampilly makes suggestions, such as this, people listen, and part of the reason for that is the fact that he worked on Wall Street for many years. A much larger reason is that he was able to retire at the age of 42 due to his own successful investing strategies. The reason he did so was because he was tired of making the ultra-wealthy wealthier and wanted to help regular Americans to become better investors. This is exactly what he is doing today, and he has teamed up with Banyan Hill Publishing to do so. Paul Mampilly has been clear when he has said that the future he is talking about is related to the Internet of Things (IoT).
The IoT is a term that refers to internet-connected devices or anything else that is improved or that offers extras due to its being connected to the net. Some of these devices include household appliances, cameras, and sensors, but the IoT also includes smart homes, vehicles, and more. While a lot of what the IoT can do sounds like something from the future, it is very real and happening today. Paul Mampilly referred to a specific use of IoT technology, which is taking place inside of Pratt & Whitney PW1000G plane engines where thousands of sensors are providing much needed information.
These sensors are already improving the efficiency and safety of the engine and saving money during its operation, as well. Mampilly has also indicated that the green industry is using the IoT to make lighting more efficient and to improve irrigation systems to lower the amount of water they waste. He is positive that the IoT will be expanding into many other sectors and that companies who manufacture sensors or that store the data from sensors will be making plenty of profit. Paul Mampilly has always told investors that their portfolios should include investments from a range of sectors, and the IoT is a good tech investment that will surely pay off in the future as well as today.