Do you know what is the internet-of-things real meaning? In a nutshell, the Internet-of-Things (IoT) is defined as the internetworking of objects, machines, computing devices and more, that are embedded with the key identifiers & have the ability to transfer the data over a specific network.
A large number of services and intelligence brought to the table, have all the potential to significantly shape the everyday lives of the individuals that how they manage the cities, and even how they grow the food.
It is estimated that about 20 billion of the internet of things devices will reach to about 50 billion by the year 2020.
What are the advantages and disadvantages of the internet of things? This is one of the biggest questions often asked by our clients. Being one of the leading software consulting company and software development company, we are answering this question through this blog.
A popular saying that ‘There are two sides of a coin’ is also true in the case of Internet-of-Things. Every emerging technology has a dark side to it, which should be explored and kept in mind while using technology.
‘Internet-of-Things (IoT)’, one of the raging technologies, has revolutionized the mobile app development industry and is luring end-users with its captivating benefits and features. Let’s have a look at both the pros and the cons of using IoT in our daily lives.
First of all, just have a look at how Internet-of-things actually works with this amazing video:
Pros of Internet-of-Things:
The Internet-of-things has revolutionized to a great extent in these many years. Here are some of the major advantages of IoT:
Internet-of-things benefits #1. Cost Savings
It makes the electronic appliances communicate with each other in an effective manner thereby conserving and saving cost and energy; hence, it’s helpful to people in their daily routines. By allowing the data to be shared and communicated between electronic devices and then translating it into our required way, IoT is making our systems efficient.
Internet-of-things benefits #2. Information
It is true that with more information, you can make better decisions. Whether it is general decisions as needing to know what to buy at a grocery store or if your company has enough supplies and widgets, knowledge is a great power and more knowledge is always good.
Internet-of-things benefits #3. Communication
IoT encourages Machine-to-Machine (M2M) communication (communication between devices). Owing to this, the physical devices are capable to stay connected; hence, total transparency is available with greater quality and lesser inefficiencies.
Internet-of-things benefits #4. 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. All the machines are capable to communicate with each other without human intervention which leads to prompt output.
Internet-of-things benefits #5. Increased Productivity
Productivity plays a key role in the profitability of any business. IoT offers just in time training for the employees, improve labor efficiency, and also reduced mismatch of skills while increasing organizational productivity.
Cons of Internet-of-Things:
Internet-of-things drawback #1. Over Dependency on Technology
At present, it is observed that the younger generation is a technology freak and they depend upon technology and its devices for every little thing. With the help of IoT, this dependency will become even more in daily routines. No application is free from fault and there are some hitches in each technical application. Totally relying on IoT devices may create trouble in case of a non-working or crash of an IoT infrastructure.
Internet-of-things drawback #2. Losing Security on Privacy
As there is the involvement of different technologies and devices, there is monitoring by more than one company, which directly questions the security and privacy issues. Data retrieval and storage also becomes a major concern for the companies because all of them are involved at the same time. In the case of keeping only one company, it may lead to the question of domination.
Internet-of-things drawback #3. Lesser Employment Prospects
With IoT, daily activities getting automated and naturally there will be fewer requirements of human resources and less educated staff, which may create employment issues in the society.
Internet-of-things drawback #4. Complexity
With all complex systems, there is the possibility of failure. Failures could be skyrocket in the case of the Internet-of-Things.
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No doubt, IoT will change the ios app development and android app development services process. It’s not that we shouldn’t be moving with the latest technology, but it’s equally important to analyze and study the bad sides of it and be prepared for the outcome. You should read the darker side of IoT with this post and be cautious of these points while choosing IoT.
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Frequently Asked Questions
- What is the internet of things?
Internet of Things (IoT) is a network of several devices such as vehicles, home appliances connected through the internet to exchange data and information. And the data could be shared between people and things or things- things. There could be any kind of combination.
- Why to invest in the internet of things?
- Investment in IoT helps in below-given managements:
- Smart Street Lighting
- Smart waste Management
- Smart parking
- Smart traffic management
- Underground waste management system
- What is the technology featured in the trend known as the internet of things?
It is embedded computers which are featured in the trend known as internet of things.
- How iot works?
The Internet of Things (IoT), consists of all the web-enabled devices that collect, send and act on data they gain from their surrounding environments with the help of making use of embedded sensors, processors and communication hardware.