What is IoT?
IoT stands for, “Internet of Things.” IoT refers to all of the physical devices that are connected to the internet and can be used to collect or relay information. If you didn’t know this already, the device you are using to read this blog is an IoT device. Believe it or not, an IoT device can be easily made. You can take any random object and make it an IoT device. It can be as simple as taking a lightbulb and connecting it to an app and as complex as having a driverless car.
The growth of Internet of Things
IoT is becoming increasingly apparent in the world today. Both consumers and businesses are spending an increasing amount of money on IoT devices
According to Information Matters, “DC predicts that by 2025 there will be 55.7 B connected devices worldwide, 75% of which will be connected to an IoT platform. IDC estimates data generated from connected IoT devices to be 73.1 ZB by 2025, growing from 18.3 ZB in 2019.”
The website continues to add that Gartner, a technology research and consulting company, says, “The global government Internet of Things (IoT) endpoint electronics and communications market will total $14.7 billion in 2020, an increase of 6% from 2019.”
Benefits of Internet of Things
IoT devices can be beneficial for both businesses and consumers. They allow businesses to obtain more data on their own products and systems. In addition, gathering information that can help them see their progress and faults, can allow corporations to make changes for a greater result.
As for consumers, people are surrounded by a good environment. IoT devices, such as smart speakers, like Amazon’s Alexa, and even smart thermostats, create a smarter and more convenient environment.
The Downfalls of IoT security
IoT security and attacks are a big issue today. IoT sensors hold important information and data that can be sensitive to businesses and consumers. However, IoT devices lack basic security and are always at risk of being hacked. IoT devices are generally targeted due to their lack of security, and hackers are capable of accessing locations, eavesdropping on conversations, and communicating with users. I think it is safe to say that in order to prevent IoT attacks, you should take extra measures to keep any personal data and information safe. Something as simple as creating a unique password can decrease your odds of getting hacked. So, it is important that you take the time to add any necessary security precautions.