Why IoT? Why not IoT?

Why is IoT important?

The internet of things helps
people live and work smarter, as
well as gain complete control
over their lives. In addition to
offering smart devices to
automate homes, IoT is essential
to business. IoT provides
businesses with a real-time look
into how their systems really
work, delivering insights into
everything from the performance
of machines to supply chain and
logistics operations.

IoT enables companies to automate processes and reduce labor costs. It also cuts down on waste and
improves service delivery, making it less expensive to manufacture and deliver goods, as well as offering
transparency into customer transactions.

Some of the major pros of IoT are:

1. Easy Access
IoT is open to several uses that make life easier. It benefits the users as it operates in real-time, giving
users an improved experience with smart solutions. All you need is a smartphone with internet
connectivity.

Imagine your entire daily life is connected with devices and controlled by technology. How easier your
life would be?

IoT-enabled devices inform you about the status of your groceries or other necessities through text
messages or other communication means. For example- your refrigerator identifies that your milk stock
has finished and texts you regarding the same.

Seriously, it makes our life way easier.

Suppose your alarm rings at six o’clock in the morning and you being lazy, switch it off. When doing so, it
will connect with the geyser and heat the water at the desired temperature. At the same time, it will
instruct the coffee maker to start brewing the coffee, all without waking you up.
2. Wireless technology turns cities into Smart Cities
IoT-enabled devices ensure that electricity is not wasted as they automate its operation and involve
minimal human interference. It automatically switches off street lights in daylight and switches them on
during the onset of darkness.

With the help of IoT devices, you can monitor the vibrations of buildings, bridges, and monuments in
case they are overloaded. These are the perfect examples of IoT in smart cities. Hospitals and schools
can control noise pollution around them and maintain peace all around.

3. Eases Communication
IoT encourages Machine-to-Machine (M2M) communication (communication between devices) and
allows you to control and automate taxes daily.

A CISCO report suggested that machine-to-machine connections supporting IoT applications account for
more than half the 27.1 billion devices and connections.

4. Saves Money
A DHL report suggests that IoT will help businesses save their production costs on a large scale. Effective
communication between electronic appliances would conserve and save both cost and energy.

By allowing the data to be shared and communicated between electronic devices and then translating it
in our required way, IoT is making our systems efficient.

5. Business Benefits
IoT will help you explore new business opportunities with samples of data from your top customers. It
collects data from the network and uses advanced analytics to uncover business insights and
opportunities.

IoT devices predict your customer’s needs and help you analyze the collected data. It results in exploring
new avenues for work and generating new revenue pipelines.

6. Increased Productivity
Productivity plays a key role in the profitability of any business. IoT offers just-in-time employee training,
improves labor efficiency, and reduces mismatch of skills while increasing organizational productivity.
Eventually, we end up with much more time on our hands.

While these are benefits of IoT, you must also put your eye on the cons of IoT and see how they affect
you in the real world.
Let’s go through the disadvantages of IoT:

1. Complexity
The technical advancements and improved user experience of IoT have drawbacks. Suppose you and
your friend got a message that the milk packet has expired. So, in this case, both of you will purchase a
milk packet.

This makes the entire process a bit complicated. To make this process a bit easy, it would be a wise
option that you register or connect only one of your numbers with the IoT-enabled device.

2. Compatibility
Millions and billions of devices are connected in the IoT ecosystem; however, all the devices are built by
different manufacturers, which raises the issue of compatibility in tagging and monitoring.

All the manufacturers can’t build on a common standard. Though Bluetooth can connect different
devices, it faces several compatibility issues regarding optimum IoT device application.

This compatibility issue may force the buyers or users to buy devices from a specific manufacturer which
may create a monopoly in the market.

3. Privacy or Security
There is a risk of losing privacy in data transmitted through IoT devices. You need to see how well is the
encryption of data. Due to IoT’s rapid growth, it faces security and privacy issues.

IoT devices connected to your desktop or laptops increase the risk of leaking the customers’ personal
information while the data is being collected and transmitted from the IoT device.

4. Lesser Employment or Menial Staff

IoT is expanding across the globe, which may result in replacing monotonous and unsafe jobs and firing
off unskilled professionals. All of this may create unemployment issues in society.

With IoT, daily activities are getting automated, and naturally, there will be fewer requirements for
human resources and less educated staff. Hence, mastering new ways of working will increase or stable
the chances of a person’s employability.

5. Technology Takes Control of Life

IoT has impacted the lives of almost every individual in every way possible. Everyone has become
addicted to technology for their day-to-day minute activities, be it the older or younger generation.

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. Relying on IoT devices may create
trouble in case of a non-working or crash of an IoT infrastructure.