Location: New York City
Are IoT Devices Boon or Bane for Enterprises?
The trend today is to have everything on the cloud, and this is the direction IoT Devices and technology is moving. Even hackers can breach the data stored by manufacturers to collect a mass amount of personal information.
The digital revolution has transformed the lives of millions of people. E-files have replaced physical documents, email has replaced letters and postcards, and cell phones come with access to services that facilitate your everyday life. And the digital revolution is not over yet, it is still growing under the term “Internet of Things (IoT)” – a worldwide network of interconnected objects that are uniquely addressable via standard communication protocols.
The proliferation of connected devices from 1 per person today to say on an average of 10 devices per person in the future, so by 2050, 50 billion devices are expected to connect to the internet. With IoT, you will be able to work smarter and not harder. AI and advanced analytics will help in creating a more intelligent work environment. Which will open up a lot of new opportunities for start-ups and can create an ecosystem around the IoT area? This simply leads to more efficient office operations, energy savings, and comfortable work environments, consequently increased employee productivity and the dark side of the IoT.
Does IoT have a dark side? - Yes, it does. Every technology comes with a boon and a bane. As there are multiple visible benefits we have for IoT devices, of course, there are some invisible or hidden cons for the same as well. All of them together make our lives quite convenient but what if they turn bad? IoT devices can be integrated into anything from coffee machines to fitness watches to surveillance cameras of campuses to personal devices entering into the office environments. What if they get hacked or infected? Boon turns into bane right?
Pros of IoT - IoT provides remote access to every electronic device that is connected to it. It connects, stores, monitors, records, and re-uses the data to create a better future.
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