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.

1. INTERNET OF THINGS
THREATS AND BENEFITS

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. 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. 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. 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. 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. 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. 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. THANK YOU
HAVE A NICE DAY!
WWW.FACEBOOK.COM/TYRONESYSTEMS |
WWW.TWITTER.COM/TYRONESYSTEMS | BLOG.TYRONESYSTEMS.COM