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1.1.3 Merits and Demerits of IoT

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Merits and Demerits of the IoT are as mentioned below:

Merits:

 ✓ Access Information: Due to association of cloud computing technology with IoT, the data access of the IoT is easy and available anywhere, anytime. So, a person involved in IoT can have easy access to such information and thereby without having his/her physical presence, it makes it convenient for that person to go about their work.

 ✓ Communication: IoT has important characteristics such as Interoperability. Using such characteristics, devices involved in IoT can easily talk to each other. In this way, inter-device communication will be more transparent and thereby increase efficiency of connected devices, e.g., a production unit comprises IoT technology, has Machine-to-Machine (M2M) communication that makes the product better by reducing inefficiencies, and produces faster results.

 ✓ Cost Effective: This merit is actually a combined benefit of the above two merits. Due to easy information access and communication, IoT devices can transmit the data very quickly over a connected component in the network of IoT. So, it saves time compared to traditional data transfer in which it occupied much more time and in that way IoT became a cost effective solution.

 ✓ Automation: It means to manage routine work without any human intervention. IoT helps in business automation and improves the quality product or service. IoT can collect data from the network and perform analytics on it to reveal business insights and opportunities, and thus reduce operational cost. In the automation process, IoT can also predict needs before they arise and take action accordingly to gain business profit.

Demerits:

 Privacy and Security: IoT is an inter-network of things that consists of multiple devices interconnected to each other. So, such interconnection might increase the risk of any leakage of important data. In this scenario confidential information may not be safe and could be fetched/hacked by someone else easily.

 increase the risk of any leakage of important data. In this scenario confidential information may not be safe and could be fetched/hacked by someone else easily.

 Complexity: IoT is not only a collection of interconnected heterogeneous devices but also a combination of heterogeneous networks. So, in this environment, a single ambiguity can affect the entire system tremendously. This certainly creates a complicated state of affairs and easily increases complexity.

 Lesser Jobs: Automation is one of the merits of IoT, so the need for manual processing that can be done by human beings will reduce drastically. So, the future of IoT may be one of the reasons for unemployment.

 Dependability: Being complex is one of the demerits of IoT. Due to its intra heterogeneous objects and inter-heterogeneous network connectivity, it also increases dependability of such intra/interconnected object(s)/network(s). So, in case of a bug in the system, there may be a change or collapse of the entire system. Day-by-day IoT technology dominates human lifestyle and thereby increases dependability on IoT technology altogether.

The Smart Cyber Ecosystem for Sustainable Development

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