Being the harbinger of the upcoming industrial revolution, the internet of things technology is gaining high popularity in this digital era. It goes without saying that any such technology has its plus and minus. Read on to know more about it.
Despite the scare of the internet of things technology, if enforced properly, this technology can prove to be ‘Holy Grail’. Discussed below are a few of the strong positives this technology has to offer.
- Efficient & Comfortable
With the help of this technology, dreary tasks of any organization can be automated. This will result in reduced errors, and as an add-on it will save time of the personnel. In the long run, it will aid in employee retention as well as employee satisfaction. Needless to say, the profits will considerably grow.
- Improved Decision Making
With the internet of things technology, businessmen will now be able to erase the age old assumptions from their equation. Instead, they can now focus on real-time facts and figures. As a result, processing costs could be lowered and the processing span could be lowered. Therefore, it can rightly be said that this technology facilitated better and improved decisions.
- Generate Revenue
With improved efficiency and decision making, the expenses to the organization get abridged. This technology is unique and therefore its users get an upper hand over their common competitors. In the long run, it will assuredly prove to be a gain from the viewpoint of the entrepreneur. With the time and resources saved, businessmen can now focus on various other avenues to generate even more revenue.
With a rapid advancement of the internet of things technology; it is sure to give a scare to its users with minimal exposure to the possibilities of this technology. Here are a few negatives associated with this technology that you might want to consider before adopting this technology.
- Privacy & Security
Hijacking of associated apps, identity theft and hacking arecommon scenarios these days. All of these are and end result of lack of security protocols which are strong. The more advanced your technology is, the more such stories you hear about it. It is a known fact that manufacturers take time in updating their firmware. This leads to patches and the next thing you know is there has been a mishap. Ensuring privacy and security while using such advanced technology, is in the hands of its users.
- Complexity In Data
In order to facilitate the businesses with the adequate information at the correct time this technology innumerable bytes worth of data. The one and only way to handle such large amounts of data is through proper planning.
- IT Buy-In
Due to risks relating to privacy, security and complex nature of the data being generated, it becomes naturally tiresome to talk the shareholders into buying into this technology.
Now that you are clear on the positives and negatives of this booming technology, it is up to you, whether or not you are willing to go forward with it. And if your answer is yes then how to get started!