Copy the code below and paste it in place of the code in the stylesheet in order to make these changes affect all your pages.

{% color "primary" color="", export_to_template_context=True %} /* change your site's color here */

{% color "secondary" color="", export_to_template_context=True %} /* change your site's secondary color here */

{% set baseFontFamily = "Montserrat" %} /* Add the font family you wish to use. You may need to import it above. */

{% set headerFontFamily = "Montserrat" %} /* This affects only headers on the site. Add the font family you wish to use. You may need to import it above. */

{% set textColor = "#565656" %} /* This sets the universal color of dark text on the site */

{% set boxContainerWidth = "nonepx" %} /* 'none' makes your site full width. Match the 'pageCenter' value to make it boxed. */

{% set pageCenter = "1200px" %} /* This sets the width of the website */

{% set headerType = "fixed" %} /* To make this a fixed header, change the value to "fixed" - otherwise, set it to "static" */

{% set lightGreyColor = "#f7f7f7" %} /* This affects all grey background sections */

{% set baseFontWeight = "300" %} /* More than likely, you will use one of these values (higher = bolder): 300, 400, 700, 900 */

{% set headerFontWeight = "300" %} /* For Headers; More than likely, you will use one of these values (higher = bolder): 300, 400, 700, 900 */

{% set buttonRadius = '40px' %} /* "0" for square edges, "10px" for rounded edges, "40px" for pill shape; This will change all buttons */

After you have updated your stylesheet, make sure you turn this module off

Diversify Your Portfolio With The Internet Of Things

by KP Evolutions on September 24, 2018

Diversify your portfolio with the internet of things

People use the internet for a variety of things.

Such as navigating websites, reading blogs, looking up destinations, and making purchases.

However, the internet is much more than just a place to browse.

It provides the digital tethers that connect one web page to another and communicates across them as well, which makes information accessible from virtually anywhere.

As technology has advanced in the last 15 or so years a new form of the internet has been born, the Internet of Things.

The Internet of Things, or IoT, is not a collection of web pages but is made up of the vast amount of internet-connected devices we use every day.

These "smart" devices collect data, track your usage, and automate many systems and processes we face on a daily basis.

They also range from handheld personal items, such as the Fitbit or iPhone, to very complex medical devices that track your health. There are even thousands of smart devices just for your home as well. 

So how can this new realm of technology be an asset in your financial ventures?

Well, let's find out!

Size & Scope

Every day more and more people are investing in the IoT and it isn't stopping anytime soon.

Business Insider estimates that there will be over 24 billion smart or internet-connected devices installed across the globe by 2020.

To put it in easier terms, that means at least 4 devices per every person on earth.

Sales of the IoT have also increased from $18 billion in 2009 to $1.1 trillion in 2017 and are expected to reach $1.7 trillion by 2019.

With such strong and steady growth, investment opportunities are at an all-time high.

Breaking Down The IoT

Whenever you hear the words "smart device" or "smart home" and maybe even "Internet of Things", what comes to mind?

For most, they think of the plethora of smart devices you can get at Best Buy or Target such as smart light switches, smartphones, and smart televisions.

These devices would be classified as consumer electronics.

Consumer electronics are just a small subsection of products that are a part of the IoT.

So what are the other subsections of the IoT?

The IoT breaks down into 4 major areas:

  • Consumer Electronics
  • Healthcare
  • Infrastructure
  • Agriculture

Let's take a closer look at each of these.

Consumer Electronics

Like I mentioned before, most people think of consumer electronics when they hear about new smart tech coming out.

Brands such as Apple, Microsoft, Amazon, and Google all have their hands in on creating new Internet-connected devices and any and everything that supplements these devices.

While these brands may not recognize themselves as IoT companies, the work they do directly and indirectly affects this newer industry. 

Most people now have somehow interacted with a smart consumer device in some way, whether it was using a friend's Amazon Echo or just using a smartphone.

For investors, consumer electronics is the easiest area of the IoT to see potential growth.

Most of these consumer electronics offer many opportunities to spend more money beyond the initial sale of the device.

For example, you go purchase a smart security camera from the store.

You get home and get it installed and it works perfectly.

What you didn't realize is that the camera's company only allows up to 5 gigabytes of video storage in their cloud for free.

Don't fear, they offer more storage and 24/7 support if and only if you sign-up for a subscription for only $10 a month.  

This is how these tech companies are growing so rapidly and investors should get excited about it.

Look closely because there are companies such as GE that you wouldn't classify as an IoT company but are stepping up and creating amazing IoT appliances.

Healthcare

The world of healthcare is also playing a huge role in the IoT.

Companies like Apple are collecting healthcare data from their smartwatches to ultimately find better solutions to help their users.

This kind of personalized tracking and data aggregation can help an individual better themselves through data.

On a larger scale, IBM created their AI platform known as Watson that powers many health-related services.

Watson helps find more precise cancer-treatments, uses data to find alternative uses of medicine, and even help manage healthcare programs.

This is by no means the largest section of IoT but is growing rapidly.

Investors would be wise to jump on board now.

Infrastructure

At this day and time, the idea of a smart city seems so far away.

In reality, it is much closer than you think.

Barcelona, Spain, has adopted a city-wide Wi-Fi that not only provides internet for its citizens but is connected to smart street lights, irrigation systems, water technologies, digital bus routes, and many more utilities.

This, in turn, reduced waste, pollution, and traffic accidents and jams.

In addition, the South Korean city of Songdo is well ahead of the curve. 

They built Songdo from the ground of up around IoT devices, ensuring only the most efficient city.

One of the major players in the smart city game is Cisco.

They just launched their $1 billion dollar plan to help smart cities avoid the initial investments of implementing smart tech into their city.

Another aspect of infrastructure you might not think about is smart cars or self driving cars.

Smart cars can make the roads of a city not only more efficient but safer.

Smart cities and cars are still very early in their development but could become something not only helpful but, to investors, extremely profitable if the timing is right.

Agriculture

In the world of agriculture today, the most popular term being thrown around is "precision farming".

Precision farming is the use of IoT devices to track things such as temperature changes, rainfall, and even soil conditions.

With this type of technology, farmers could avoid loss crops due to atmospheric changes and ultimately bring down the cost of fresh produce.

The precision farming industry was valued at almost $4.5 billion and is predicted to double by 2019.

Agriculture is a slow growing area of the IoT but has a lot of promise in the coming years.

Top IoT Stocks 

 Top Internet of Things Stocks of 2018

Don't Miss Out

As you now know the growing industry of the IoT could mean big money, but like any stocks, it is all about timing.

Even though the world of IoT devices has grown immensely in the last decade, competition is still relatively low with a handful of large players dominating the markets.

With that, you should take a closer look at these IoT giants and decide for yourself what you want to invest in before the competition gets high and the stock's value decreases.

Diversify your portfolio with the Internet of Things today and see your investments grow.

Good luck!

 Want to know how smart tech can start enhancing your daily life or place of work? Book Your Discover Call with KP Evolutions today to see what is available for you! 

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Topics: Smart Technology, Internet of Things