Introduction

In the following sections, there will be a discussion about the benefits, applications, and disadvantages. In the end, there will be a conclusion based on the essay. Web-connected smart devices with embedded systems including processors, sensors, and communication gear make up what is known as a “Internet of Things” (IoT) ecosystem.

Importance

• The IoT allows individuals to not only live and work more efficiently but also take full command of their life. The Internet of Things is not just useful for home automation thanks to its many smart gadgets. The IoT gives organizations a window into their IT infrastructure in actual time, revealing information about anything from machine efficiency to logistics and supply chain activities (Laghari et al., 2021). Users could check whether the equipment had Cokes by connecting to it over the ARPANET (the forerunner to the modern Internet) and then using some code logic to determine if those Cokes are cold enough for their tastes.
• The Internet of Things allows businesses to streamline operations and save money on manpower (Nguyen et al., 2021). It also provides transparency into consumer interactions, reduces waste, and enhances service delivery, all while lowering the cost of production and distribution.
• Therefore, IoT is one using the most crucial technologies of daily life, and it is going to keep gaining traction as more companies see the potential of linked devices to maintain their competitive edge.

Figure 1: IoT applications

(Source: businesstech.bus.umich.edu, 2023)

Benefits

• Sensors are being embedded into product parts by manufacturers in order that information may be sent about how those parts are functioning.
• This may aid businesses in predicting when a part is about to break, allowing them to replace it before it really does (Nauman et al., 2020).
• As a result of having access to more precise information, businesses may improve their systems while supplying chains by using the data provided by these sensors.

Disadvantages

• The risk of a hacker stealing private information grows along with the number of linked devices plus the amount of data exchanged between them.
• Businesses may one day have to manage tens of thousands, or perhaps millions, many IoT devices, making it difficult to gather and manage the data generated by these devices (Alsharari, 2021).
• Any device that is linked to the system is at risk of corruption if a flaw is present.
• Devices from various manufacturers have trouble communicating with one another since there is no universal standard for interoperability in the IoT.

Conclusion

It can be concluded that IoTs not only facilitate more productive living and working environments but also gives people complete autonomy over their own lives. Many smart devices connected to the Internet of Things have applications beyond home automation. The IoT provides real-time visibility into an organization’s IT infrastructure, illuminating everything from machine efficiency to logistics and supply chain operations. In the future, companies may need to oversee millions of IoT devices, making it challenging to collect and organize the resulting data.

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