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The Cost of
Convenience:
Pros and Cons of IoT
Introduction
• Convenience costs are classified as the extra
price consumers are willing to pay to make
their lives easier.
• Consumers pay for convenience in many
ways without even realizing it.
• And while it may be okay to pay for
convenience every once in a while, it can be
counter productive to eliminating debt.
Pros and Cons
of IoT
“Nothing is perfect in this world, everything has
its pros and cons” –Nivendito Sharma
Pros – 1. Automation
 Automation leads to
uniformity in tasks, quality
of service and control of
day-to-day tasks without
human intervention.
 Machine-to-machine
communication also helps
maintain transparency
throughout the process.
Pros – 2. Efficiency
 Machine-to-machine
interaction provides for
better efficiency, enabling
people to focus on other
jobs.
Pros – 3. Cost-Savings
 In addition to the optimal
utilization of energy and
resources, the IoT helps
alleviate the problems
associated with
bottlenecks, breakdowns
and system damages.
Pros – 3. Communication
 IoT allows physical devices
to stay connected and
better communicate,
which creates greater
quality control.
Pros – 4. Instant Data Access
 More available
information helps
simplify the decision
making process, making
life easier to manage.
Cons – 1. Privacy and Security
 As many of our everyday
appliances, machines and
services become connected to
the internet, much more
information is readily available.
 It makes it harder to keep
confidential information out of
the hands of hackers and other
unauthorized users.
 Because the IoT is such a
vast, diverse network, a
single failure in either the
software or hardware can
have disastrous
consequences.
Cons – 2. Compatibility
Cons – 3. Complexity
 Because the IoT is such a
vast, diverse network, a
single failure in either the
software or hardware can
have disastrous
consequences.
 As IoT brings in more
consistent automation,
we could see a decline
in the need for
unskilled employees in
the workplace.
Cons – 4. Less Jobs
Cons – 5. Technologically
Dependent Life
 As our lives become
more and more
dependent on
technology, basic
human interaction
skills will be reduced
across society.
The future of IoT
and Career Opportunities
The future of IoT
 The internet of things
(IoT) is revolutionizing
every industry, from
home appliances to
agriculture to space
exploration
 Since the advent of cloud computing, we’ve seen
an exponential growth in the number of sensor-
enabled devices connected to the internet—and
every sign points to that growth accelerating in the
coming years, with anywhere from 26 to 50 billion
IoT units installed by 2020. That’s why IoT
professionals are currently a hot commodity.
The future of IoT
Career Fields Within IoT
 In such a rapidly
growing field, new and
improved technologies
are constantly being
developed.
DEVELOPMENT
Career Fields Within IoT
 Designs to identify and
understand potential
vulnerabilities and
issues is a great first
step in creating new
designs that are more
secure and more
“future-proof.”
SECURITY
JOBS IN IoT
 Without software, the
IoT wouldn’t exist.
Software developers
are integral to the
production of IoT
devices.
IoT/Cloud Software Developer
JOBS IN IoT
 IoT infrastructure architects
solve business problems by
implementing IoT devices
such as intelligent sensors,
security appliances and
networking devices.
IoT Infrastructure Architect
JOBS IN IoT
 As in any industry,
systems administrators
are crucial to the
success of the IoT.
IoT Systems Administrator
Thank You!
Group Members:
[Insert your members here]
Sources:
https://www.futureoftech.org/internet-of-
things/6-career-opportunities-in-iot/

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Cost of Convenience: Pros and Cons of IoT

  • 2. Introduction • Convenience costs are classified as the extra price consumers are willing to pay to make their lives easier. • Consumers pay for convenience in many ways without even realizing it. • And while it may be okay to pay for convenience every once in a while, it can be counter productive to eliminating debt.
  • 3. Pros and Cons of IoT “Nothing is perfect in this world, everything has its pros and cons” –Nivendito Sharma
  • 4. Pros – 1. Automation  Automation leads to uniformity in tasks, quality of service and control of day-to-day tasks without human intervention.  Machine-to-machine communication also helps maintain transparency throughout the process.
  • 5. Pros – 2. Efficiency  Machine-to-machine interaction provides for better efficiency, enabling people to focus on other jobs.
  • 6. Pros – 3. Cost-Savings  In addition to the optimal utilization of energy and resources, the IoT helps alleviate the problems associated with bottlenecks, breakdowns and system damages.
  • 7. Pros – 3. Communication  IoT allows physical devices to stay connected and better communicate, which creates greater quality control.
  • 8. Pros – 4. Instant Data Access  More available information helps simplify the decision making process, making life easier to manage.
  • 9. Cons – 1. Privacy and Security  As many of our everyday appliances, machines and services become connected to the internet, much more information is readily available.  It makes it harder to keep confidential information out of the hands of hackers and other unauthorized users.
  • 10.  Because the IoT is such a vast, diverse network, a single failure in either the software or hardware can have disastrous consequences. Cons – 2. Compatibility
  • 11. Cons – 3. Complexity  Because the IoT is such a vast, diverse network, a single failure in either the software or hardware can have disastrous consequences.
  • 12.  As IoT brings in more consistent automation, we could see a decline in the need for unskilled employees in the workplace. Cons – 4. Less Jobs
  • 13. Cons – 5. Technologically Dependent Life  As our lives become more and more dependent on technology, basic human interaction skills will be reduced across society.
  • 14. The future of IoT and Career Opportunities
  • 15. The future of IoT  The internet of things (IoT) is revolutionizing every industry, from home appliances to agriculture to space exploration
  • 16.  Since the advent of cloud computing, we’ve seen an exponential growth in the number of sensor- enabled devices connected to the internet—and every sign points to that growth accelerating in the coming years, with anywhere from 26 to 50 billion IoT units installed by 2020. That’s why IoT professionals are currently a hot commodity. The future of IoT
  • 17. Career Fields Within IoT  In such a rapidly growing field, new and improved technologies are constantly being developed. DEVELOPMENT
  • 18. Career Fields Within IoT  Designs to identify and understand potential vulnerabilities and issues is a great first step in creating new designs that are more secure and more “future-proof.” SECURITY
  • 19. JOBS IN IoT  Without software, the IoT wouldn’t exist. Software developers are integral to the production of IoT devices. IoT/Cloud Software Developer
  • 20. JOBS IN IoT  IoT infrastructure architects solve business problems by implementing IoT devices such as intelligent sensors, security appliances and networking devices. IoT Infrastructure Architect
  • 21. JOBS IN IoT  As in any industry, systems administrators are crucial to the success of the IoT. IoT Systems Administrator
  • 22. Thank You! Group Members: [Insert your members here]

Editor's Notes

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