The Internet of Things (IoT) is a big topic these days and can be difficult to understand. There are many different types of devices that fall under the IoT umbrella, so if you’re not sure what it means or how it could affect you. Why IoT?
Explanation in 7 points:
1. The Internet of Things will drastically change the way we live our lives;
2. It’s more than just wearable tech! We’ll have smart homes, smart cars, and even smart clothes;
3. Your TV might soon know when you’re walking around your living room – IOT sensors will monitor temperature and humidity levels for your comfort;
4. A lot of major companies are investing heavily in this new technology – Apple, Google, and Microsoft are all developing their own IOT solutions;
5. IoT is already being used by large companies to improve their production processes – Intel has been able to track employees in their factories and increase efficiency by 40% because of it;
6. The current generation of young people are growing up with this technology as the norm, and will be some of the first to have an entire home run on IoT;
7. Future generations will grow up in a world where IOT is not only accepted, but necessary, so it’s important to make sure we can trust them before they’re put into widespread use.
Now let’s look at the pros and cons of this massive shift in technology.
It will be easier for people to communicate with one another through things like smart watches or cars; it’ll help reduce crime by making security cameras more ubiquitous; we’ll rely less on computers because they’re already integrated into our lives…
There is a risk that your information could be hacked – especially if you aren’t careful about how much data you give up to companies which have proven track records of being careless with customer information. Some experts also worry that many jobs currently done by humans may no longer exist in the near future.
While the pros of IOT are many and exciting, it’s important to consider how these devices may change your life – both for better or worse.
Why do IoT projects fail?
Failure can be defined in numerous ways but it would all equate to the project not reaching the goals set within its inception. This whether it be lack of user interest, lack of revenue stream or a company failure.
A successful IoT project requires care and attention from both parties for the desired outcome. There needs to be an alignment with business objectives otherwise there will be no success for IoT technology usage within an organisation as well as completing what is requested from executives management expectations.
Regardless of your expertise in the field a full exploration into factors that could contribute to this failure need to take place and should include aspects like; work size, budget size, schedule length, available resources (equipment/staff), topology considerations.