Internet of Things

Internet of Things (IOT) is a latest buzz word in IT. Though the concept of IoT has been around for decades, it is recently with the emergence of smart devices the technology is put into wider practice. It has wide applications in different areas like smart cities, business network & IT infrastructure, healthcare, education, retail, manufacturing, supply chain, etc.

Internet of Things or IoT as it is commonly known is a 21st century disruptive technology that enables smart devices like phones, watches, home appliances, automobiles, etc to connect with other devices through internet so that they can exchange data and perform a designated task. According to Gartner by 2020 there will be more than 26 billion devices connected to each other using IoT. The exponential amount of data generated by these devices will require network of robust IT infrastructure to collect, store and analyze data to draw inference from them so as to assist in making smart business decision or give intelligent solutions to the end users. The Indian IT sector can play a crucial role by collaborating with world IT leaders, global partners specializing in IoT to bring in more innovation in this field. India is creating a long term sustainable IoT ecosystem by drafting IoT policy, launching Digital India Programme and Make in India initiative.

As per Gartner report global revenue generated from IoT industry would be around USD 300 billion by 2020. This offers great opportunity for Indian IT firms to develop hardware, software, applications for the IoT sector. Even though IoT will be a dominant technology in the coming decades its success depends how well it is implemented and adopted by users. Just like any other technologies IoT has its merits and demerits some of which are listed below:

The Merits of IoT

1. Seamless Communication 

IoT encourages M2M or Machine-to-Machine communication with greater efficiency than humans and hence outcome of such co-ordination is almost flawless and accurate. It maintains higher level of transparency and consistent uniformity in the process.

2. Saves Money & Time

IoT can automate the tasks that are done repeatedly without the intervention of humans. With implementation of IoT resource utilization can be optimized and a better monitoring system can be put in place so that if there is any delay, breakdown or damages to the process it can be rectified at the earliest. This saves time and money and also improves quality of the service.

3.  Better Quality of Life

IoT has wider applications in modern day society as it saves money, time and help in optimum utilization of resources. Together all this offers great comfort and convenience to people thereby improving the quality of life.  

The Demerits of IoT

1. Compatibility of Devices

 At present there are no universal standards or protocol for tagging and monitoring smart devices. This may lead to compatibility issues when people buy similar kind of devices from different manufacturers. However, this can be resolved by adhering to common standards by the manufacturer of IoT devices. This way user won't face any compatibility issue even if they use devices of different brands or manufacturers.

2. Complexity

 IoT is complex network of devices trying to communicate with each other by sending information to accomplish a particular task. Imagine billions of devices connected to each other forming trillions of networks and generating millions of gigabytes of data per hour. To store, manage and compile all these data is a very cumbersome task and hence there is a need of strong IT infrastructure. A small error or failure in this kind of system can cause inconvenience to many users.

3. Privacy & Security

Since all the devices are connected to each other through internet there are plenty of information available on it. Any breach of this network can expose confidential information to hackers. Hence, it is necessary to secure IoT networks so as to protect data from unauthorized access. 

These are few of the challenges that can keep people away from adopting IoT technology. However, with the advancement of technology, newer ways are emerging to tackle these problems and innovative solutions are being devised. Internet of Things is a next generation technology that will change the way we live in the future.