With so much debate going on about the effectiveness of the Internet of Things (IoT), it becomes difficult to ignore the possibilities and convenience. However, it is still not advisable to adopt it right away as every new technological concept needs time to mature and do away with the kinks. You may find yourself swooned by several benefits it offers, but what you may not know is that it has got some serious drawbacks that still require a bit of time to be resolved. Before you make up your mind to adopt the IoT just like these IoT companies, here are a few limitations of the futuristic framework that you need to be aware of.
1. It Requires a Reliable Internet Connection
It is great to live in a digital world where you can do almost anything just by pressing a few buttons, but this requires a reliable connection 24/7, which is still not practically possible in many countries around the globe. It can be really frustrating to completely rely on internet connectivity to do your daily tasks. The IoT can possibly be the best thing that happens to us in this century, but its dependence on the internet hurts its viability.
2. It Is Costly
You must have read a lot about the unlimited benefits the IoT offers, but did anyone tell you that you will have to pay a huge amount of money to get these benefits? Connecting everything with the internet and with each other isn’t exactly a cup of tea. It requires resources, including money, lots and lots of it. You will require a reliable internet connection 24/7. Also, you have to buy sensors that are not exactly cheap. Bearing these and many other expenses for something that may or may not be worth it doesn’t seem like the smartest of decisions, especially since no one really knows whether or not the IoT will be as good in real life as it is on paper.
3. It Still Has Privacy and Security Issues
Adopting the futuristic technological model is good, but not if it compromises your security and privacy. Currently, there are serious privacy and security concerns associated with the IoT, which make it a bad option, especially for businessmen who cannot afford to lose their trade secrets and sensitive data to competitors and cybercriminals. It is not wise to compromise your and your business’s security and privacy for something that would increase your susceptibility to the very threats that you’ve been fighting since the advent of internet.
For now, it is best to wait for the IoT to become better, safer and reliable instead of just rushing to adopt it.