Answered Essay: Investigate the Internet of Thing,explain in one page what Opportunities and Risks the IoT Offers?

Investigate the Internet of Thing,explain in one page what Opportunities and Risks the IoT Offers? Please write 3 paragraph answering thiese qustions dont copy pase please

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Internet of Things (IOT)

Intoruduction: Internet of Things is a paradigm, where every device is considered as a connectable device to the internet. Today, only compturers, mobile devices and other smart devices get connected to the internet. Internet of things basically exploits this and extends the connectivity to each and every possible device: even basic things like your shoes, dresses etc. At an industrial level, by connecting many of the unconnected things together, IOT aims to automate and efficiently many of the manual and tedious processes.

Opportunities: Internet of Things could theoritically create endless opportunitites since it is applicable to a plethora of fields. However, let us discuss some of the most prevalent, highly sought-after uses of IOT with respect to the current situation:

  1. Emergency Response and Alert: IOT can detect severe malfunctions and critical issues in the devices, and can send alerts to all the necessary places as everything is well connected. This way, IOT can help saving lot of damage by acting at just the right time.
  2. Predictive Maintenance: IOT can help notifying the device owners much beforehand to maintain and/or change the devices because of the device becoming increasingly unusable for wear and tear.
  3. Logistics: By connecting all the vehicles, monitoring offices and the fleet management, IOT can offer great time saving decisions in logistics field.
  4. Medical: In hospitals, IOT can ensure better monitoring of health. People can use smart devices by wearing them on their body and those can send alerts much beforehand to the doctors once some abnormality is sensed.
  5. Smart Home: IOT can offer home devices connected and configured together with the user’s settings to help the user enjoy smooth experience.
  6. Smart Cars: By getting all the car sensors connected, it becomes easier to maintain the cars and also send traffic violation reports easily.
  7. Streamlining Manufacturing Industries: IOT is a very useful tool to connect the manufacturing factories of a company spread over the different geographical locations and streamlining a lot of processes to improve efficiency.

However, IOT comes with its own set of risks:

  1. Privacy: Since IOT can virtually connect and get all personal data for a user (like, health, home settings, driving details), it is a concern for the users because they might not be comfortable to share this data for usage to IOT Analytics applciations. There could be hackers which can hack the platforms and get access of these data.
  2. Security: IOT is a hugely connected ecosystem and when an attacker attacks into the network; the whole setup might break down causing complete stoppage of serious works like manufacturing, health monitoring etc.
  3. Absence of Protocols and Standards: Connecting the wide range of devices which are from huge no. of manufactures and follow several different standards are not easy to connect and let them talk in a standard way between themselves.
  4. Complexity of data: IOT’s biggest challenge is to collect and analyze the huge volume and variety of data and produce decisions fast.
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