Internet of Things : Stats and Facts

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Transcript of Internet of Things : Stats and Facts

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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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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.

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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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