For those who are unaware of this term, the Internet of Things is a concept that refers to interrelated computer devices embedded into inanimate, everyday objects, enabling them to send or receive data. Basically, it’s a global network of physical, electronic devices connected via the Internet. The possibility of your computer telling you that your medicines have expired or that you need more coffee doesn’t seem a fantasy anymore.
The IoT is enabling amazing applications in various domains and it only bolsters the fact it will indeed be a game changer in the technology sector. However, the fact is that there are many ongoing controversies and challenges related to the use of the IoT, and these topics must be approached carefully. This brings us to the main point of our article — advantages and disadvantages of the Internet of things.
Let’s first go over the advantages that the IoT brings to the table.
The Internet of Things allows easy access to data that is stored in real time, far from the user’s location. This is possible since all devices are connected and a person will have access to any information from anywhere around the globe. This makes it very convenient for people to go over their work schedule, even if they are not physically present.
One of the most apparent benefits of the IoT is monitoring. Knowing that you’re out of supplies or that the water quality in your home has been compromised is valuable information which is not easy to come by. For instance, knowing that you are low on sugar or coffee could save you another trip to the grocery store. Also, smart devices can keep you posted on the expiration date of products, which will improve your safety.
The financial aspect is one of the biggest advantages of the Internet of Things. The IoT fundamentally proves to be very helpful to people in their daily tasks by enabling easier communication between electronic devices.
Although the IoT provides a set of benefits, it also faces major challenges. Some of the possible drawbacks of the IoT are given below.
The main concern that accompanies the IoT is the breach of privacy — the software of this magnitude will be more vulnerable to hacker attacks in which case your personal information might be compromised. Of course, top-notch security measures will be taken to prevent a data breach, but there is always the possibility of someone breaking into the system and stealing your confidential data, like your account details.
The more complex the system is, the more difficult it is to prevent potential bugs and loopholes that can affect the entire system. Over-reliance on technology has its downsides because no system is fault-free and robust. If we are too dependant on the Internet, the collapse of the system can lead to a potentially catastrophic event. Of course, this is the worst case scenario, but the truth that matters is that even the smallest software glitch can have a negative short-run economic impact.