IoT is an advanced automation and analytics system. It makes use of Artificial Intelligence and Big Data to deliver complete systems. These systems enable transparency, when applied to a network.
IoT is highly flexible and suitable in any environment. This feature makes it applicable across various industries. It enhances data collection, deeper automation, networking, database operations and much more. Its advanced elements enable major changes in social, economic impact of goods and services.
Let us have a brief look at the key features of IoT:
Active Engagement – IoT is about to bring a new Active Product and Service Engagement.
Artificial Intelligence – IoT is potential enough to enhance every aspect through data collection, AI networks and algorithms.
Connectivity – IoT networking ensures no network is tied to major providers. Network can exist on a smaller and cheaper scale, yet remain practical. These smaller networks are created amongst the small devices.
Sensors – Sensors act as defining instruments. It transforms IoT from a passive network to an active system, necessary for real-world integration.
Small Devices – Over the time, devices have become smaller, cheaper and compact. IoT delivers precision, scalability and versatility.
Here is the list of some of the advantages offered by IoT:
Strengthen Data Collection – Modern Data Collection is limited in its design. IoT breaks out these spaces, and analyzes an accurate picture of everything.
Enhance Customer Engagement – Existing Analytics suffer from significant flaws. IoT transforms this completely to achieve efficient customer engagement.
Minimize Waste – IoT brings in clear improvements. It provides real-world information with least waste. It effectively manages resources.
Technology Optimization – Technology improves customer experience and device use. It aids in potential environments. IoT unlocks the critical functional and field data environment.
Though IoT has major beneficial things, it also has a few downsides. Here is the major set of challenges that IoT provide:
Complexity – IoT systems are a bit complicated in terms of its design and maintenance. It is majorly because of it uses a new enabling set of multiple technologies.
Compliance – IoT comply with certain form of regulations. Many people consider that the issue of its compliance is highly challenging.
Flexibility – IoT is flexible in majority of cases. But, when it comes to locked systems, it is a bit conflicting.
Privacy – IoT sometimes provide user’s personal data in detailed form, irrespective of his participation.
Security – IoT ecosystem is constantly filled with connected devices communicating with networks. However, the system offers little control. Despite the adequate security measures, user’s are exposed to several kinds of attacks.
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