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Threats & Benefits of Internet of Things

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The Internet of Things is a futuristic technology in which interconnection of devices and the Internet is proposed. It can make possible the automation of many daily chores. But it has some advantages and disadvantages.

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Threats & Benefits of Internet of Things

  1. 1. INTERNET OF THINGS THREATS AND BENEFITS
  2. 2. The IoT is advancing exponentially. Some even say we’re in the “knee of the curve”. This describes the point where advancement happens very fast. Such speed means that its potential uses are beyond the reach of speculation. Even so, many organizations hesitate to experiment and invest in IoT technology.
  3. 3. THREAT 1 SECURITY AND PRIVACY Devices in future will be constantly connected to internet, be it mobile, washing machine, even your house door. Any information available on internet are prone to hacking by hackers. Imagine if your house door can be unlocked by any hacker, your house security is breached. Secondly think of your information is being shared to third party for research purpose, will you do that? Privacy breached.
  4. 4. THREAT 2 COMPATIBILITY As devices from different manufacturers will be interconnected, the issue of compatibility in tagging and monitoring crops up. Although this disadvantage may drop off if all the manufacturers agree to a common standard, even after that, technical issues will persist. Today, we have Bluetooth-enabled devices and compatibility problems exist even in this technology!
  5. 5. THREAT 3 COMPLEXITY IOT is generating countless data. To understand the trends and patterns, sensors need to analyze this huge amount of data. Imagine if that sensors gets crashed up or gets destroyed you loose all the thousands of data.
  6. 6. BENEFITS 1 AUTOMATION & CONTROL With devices getting connected and controlled digitally and centrally with wireless infrastructure, there will be a large amount of automation and control in the workings. Without human intervention, the devices will be able to communicate with each other, leading to faster and timely output.
  7. 7. BENEFITS 2 MONITORING With IoT you will easily manage and monitor things. For instance, knowing that you are low on milk or printer ink could save you another trip to the store in the near future. Furthermore, monitoring the expiration of products can and will improve safety.
  8. 8. BENEFITS 3 BETTER DECISION MAKING If you can analyze larger trends from empirical data, you can make smarter decisions. This takes assumptions off the equation. Instead, it’s giving you data-backed visibility into every aspect of your business. Consider testing cycles. They would radically shorten, lowering the costs to optimize a process. Also, the visibility into system behaviors can yield new insights and ideas. This can guide your business like never before.
  9. 9. THANK YOU HAVE A NICE DAY! WWW.FACEBOOK.COM/TYRONESYSTEMS | WWW.TWITTER.COM/TYRONESYSTEMS | BLOG.TYRONESYSTEMS.COM

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