Benefits and Risks of using the Internet of things (IoT)
Internet of things (IoT) is the new raging technology in the world which will cause radical development as well as mass disruption. This technology will reduce human interference and manual intervention in all the industries to almost 50% and will streamline our lives for the betterment.
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But with the introduction of any technology, there are both benefits and risks linked to it. The following is an article by Tommy Quek of the APAC Channel Accounting Manager who has given a detailed article about the advantages and disadvantages of IoT.
IOT or Internet of Things is a burning topic these days. Like every fresh concept, the masses are not too familiar with this novel idea. So, what exactly is IOT? Said in the simplest manner, it refers to a virtual internet connection from things, processes, people, animals and almost everything that we see around. It describes a situation where everything in our surrounding environment is made capable of automatically communicating with each other without any inter-human or human-to-machine interaction. Read More Here!
Internet of things enhances the present connection between humans and computers and helps in the automation of different processes. It is known as the Internet of things because things are digitally connected which collect, measure, report, analyse and store data. This data is collected from various sensors used in different devices like mobiles, tablets, laptops and even electrical devices, such as temperature, motion, etc. IoT will help in the connection of devices and maintaining transparency of data at all times in the field of communication. This will not only enhance the effectiveness of data transmission but also better quality will be achieved. Automation industry will see break-through with the use of IoT like self-driven cars and automation of the control of things. With lesser human intervention in any process, the process will become faster, have greater efficiency and the output will be more accurate.
The following article by i-scoop tells about all the facts related to the Internet of Things (IoT).
We’ve been talking about the Internet of Things (and RFID) for nearly two decades now. But the tipping point – hype cycle or not – is approaching and real-life examples show the potential, among others in manufacturing, transportation, logistics, parcel shipping and postal services. Read More here!
Billions of devices are connected to the internet but the Internet of Things is a different concept. With the huge amount of data getting collected every microsecond, the main challenge is to collect this data and turn it into meaningful information for us. It has to be collected, analyzed and acted upon accordingly. The next challenge is to meet the bandwidth required to meet the load of such huge amount of data, hardware requirements to store the data and high-level data processing power. IoT also depends completely on mobile, wireless connectivity, sensors and the cloud. If any one of these things goes missing, IoT will not work.
The following article by Maciej Kranz of the Forbes Technology Council tells about the economic and social impact of using IoT.
From smart home appliances to connected cars, consumers are increasingly experiencing the benefits of the internet of things (IoT). Although much attention has been paid to consumer and business IoT applications, many people remain unaware of the ways the IoT is delivering positive economic and social impacts, transforming our societies, the environment and our food supply chains for the better. Here are just a few examples. Read More Here!
IoT will have widespread social impact. It not only helps in making our life easier but will also help in reducing air pollution. With the help of IoT, sensors and devices will be incorporated in the city which will help in reducing the traffic congestion and in turn the pollution. It will also help to save critical and endangered wildlife species, conservation of water, reducing droughts and meeting the challenges faced by the farmers around the world.
The benefits of using the Internet of things are huge ranging from logistics, automation, manufacturing, postal service, healthcare industry and even the parcel shipping industry. IoT will not only streamline and automate things but will help in improving operations, customer service, and decision-making power and also help in the inclusion of new services by every industry. IoT can transform the better for good and make the world a better place.