The Internet of Things (IoT) refers to the interconnection of devices and systems for enhanced communication and automation, offering benefits like cost savings and improved information flow. However, it also raises concerns about over-dependency on technology, privacy issues, reduced job opportunities, and potential system failures. The history of IoT dates back to the introduction of the first internet-connected toaster in 1989.

2. What Exactly Is Internet Of Things?
Internet of Things (IoT)’, one of the raging technologies, is luring
end users with its captivating benefits and features.
The internet of things (also known as IoT) is not a new term: many tech pundits
and companies have been discussing the idea of internet of things for decades,
and the first internet-connected toaster was unveiled at
a conference in the year 1989.

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12. Pros Of Internet Of Things
● Cost Savings : It makes the electronic appliances communicate to each other in an
effective manner thereby conserving and saving cost and energy.
● Information : If your company has enough supplies and widgets, knowledge is great
power and more knowledge is always good.
● Communication : IoT encourages Machine-to-Machine (M2M) communication
(communication between devices).
● Automation and Control : Owing to physical objects getting controlled and connected
digitally with wireless infrastructure, there is a big amount of automation and control in the
workings.

14. Cons Of Internet Of Things
● Over dependency on technology : observed that the younger generation is a technology
freak, and with the help of IoT, this dependency will become even more in daily routines.
● Losing Security on Privacy : As there is involvement of different technologies and devices,
there is monitoring by more than one companies, which directly questions the security
and privacy issues.
● Lesser Employment Prospects : With IoT, daily activities getting automated and naturally
there will be fewer requirements of human resources.
● Complexity : With all complex systems, there is possibility of failure. Failures could be sky
rocket in case of Internet of Things.

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