The hype surrounding the Internet of Things (IoT) is immense. The basic concept behind the IoT is to connect everyday objects to the internet through tiny sensors,allowing them to communicate with businesses, consumers, and each other.Potential is quite high and risks involved IoT are equally high and alarming. Benefits involved don’t let ignore this technology and potential dangers have triggered a debate and has forced technology experts to delve more into the subject to make it safe and secure.

A lot of people see the “Internet of Things” as the NextGen thing that has great potential and is the next best thing of technology and consumer products. But just because many are predicting such a thing doesn’t make it as inevitable thing to happen. There are notable obstacles that have been observed and may end up stopping the wheel and affecting the growth and spread of the Internet of Things.


The world is changing swiftly with technology and advancements in science. The Internet of Things is kind of a nexus of devices and services that allow for data exchange. These devices range from home appliances— whether furniture, coffee makers, or agricultural machinery— that can be implanted with various software and means of electronic connectivity.

The idea behind IoT is to create a system that stores all data required by human beings without having a direct hand in collecting it. Research suggests that the impact of IoT on the world will be monumental in upcoming years. Given the current trends, the impact of IoT on human life is increasing exponentially and will only continue to rise.
However, questions have emerged simultaneously on the dangers and potential risks of inculcating the IoT into all aspects of human life. Lets us try to explore some other aspects around IoT that need to be addressed and worth considering.

INTERNET AVAILABILITY

The Internet of Things sounds good in principle, giving consumers unparalleled convenience and access to the latest technology, but there is one requirement that can’t be ignored and that is the ”Internet”. Without an actual internet connection that is dedicated and available. The IoT can’t function in the absence of Internet, for sure.


Though Internet availability might not be a problem for the most of the people, but there are still many places in the world that exist without an internet connection. Many companies, including Google, are trying to rectify this issue, but a solution to make entire world access high speed Internet is still is far from reality and years away.

Worldwide internet connections have to happen for the IoT to become a fully functioning reality. So for sure the Internet connectivity is one of the major hurdles in the path of IoT.

SIGNIFICANT EXPENSES

It’s one thing to embed a sensor in a new consumer product; it’s another thing to place them on items and structures that are already widely dispersed throughout the world. One idea for the Internet of Things is to place sensors on roads, traffic lights, utility grids, and buildings, but doing so represents an expensive venture. Many companies, while optimistic about the potential of the IoT, have yet to be convinced it’s an investment worth making on such a large scale.

PRIVACY AND SECURITY

When everything from a toaster to a shirt is connected to the web, personal privacy and sensitive data will become questionable? Companies providing IoT services will need to show they can protect customer information if for example consumers need to trust wearing shoes that keep track of where they go and how many steps they take.


The privacy can easily be violated by hacking and security breach. For sure these IoT devices will potentially harvest enormous amounts of data, security breaches can be very dangerous. The Global Risks Report of 2018 highlights the menace of cyber-attacks and the danger to all interconnected enterprises if the IoT is compromised as a result of internal weaknesses.
Security threats also encompass Artificial Intelligence-based devices and services.

Experts suggest that malware is now becoming better at evading detection via AI. At a contrast, some argue that AI is limited due to the lack of human intervention in its activities, which also affects its performance when it comes to identifying cause and effect in an investigation. Thus, AI might not be equipped enough yet to deal with the rapidly increasing problems that are facing the cloud and IoT in the face of cyber-attacks.

The Internet has always been hectic and messy, and Internet of Things (IoT) will be capable enough to increase the potential for creating chaos and disaster if not security and safety taken into account.

DATA  FLOOD

Internet of Things – Data Flood

As of right now, many companies aren’t prepared to handle the amount of data that needs to be collected to make the IoT function well. There are many things businesses need to do to prepare their organizations for these new demands. New storage capabilities are needed, which can be done through in-house storage options or through cloud storage. New hardware is needed to handle an increased workload and more processing power. Businesses also need more effective data mining and the equipment to analyze data in real time.

CONSUMER AWARENESS

While businesses may talk excitedly about the Internet of Things, consumers are largely unaware of it. In a recent survey of 2,000 people, 87% of consumers said they had never even heard of the IoT. While hearing about the Internet of Things doesn’t necessarily signify a consumer would not use an item connected to the IoT, the survey results show a lack of awareness and understanding about what can be gained from it. If this lack of knowledge about the IoT leads to lack of interest, a major driving force for widespread adoption will be missing. Having said that, there is a lot of interest in wearable technology, which could be a gateway for more connected items. As a result, many companies are focusing on wearable tech. Even so, other uses of the Internet of Things may take several years to really catch on.

Conclusion

It’s quite evident that organizations all over the world are boarding onto IoT-driven digital transformation ventures. This is to drive competences and to give new boost to business. It will help to better meet the demands of their customers and citizens. But there might be risks to these ventures. If handled properly IoT for sure can become a huge success.