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Are IoT Devices Boon or Bane for the Enterprises?

The trend today is to have everything on the cloud, and this is the direction IoT Devices and technology is moving. Even hackers can breach the data stored by manufacturers to collect a mass amount of personal information.

The digital revolution has transformed the lives of millions of people. E-files have replaced physical documents, email has replaced letters and postcards, come with access to services that facilitates your everyday life. And the digital revolution is not over yet, it is still growing under the term “Internet of Things (IoT)” – a worldwide network of interconnected objects that are uniquely addressable via standard communication protocols.

The proliferation of connected devices from 1 per person today to say on an average of 10 devices per person in the future, so by 2050, 50 billion devices are expected to connect to the internet. Which will open up a lot of new opportunities for start-ups and can create an ecosystem around the IoT area? With IoT, you will be able to work smarter and not harder. AI and advanced analytics will help in creating a more intelligent work environment. This simply leads to more efficient office operations, energy savings, and comfortable work environments, consequently increased employee productivity and the dark side of the IoT.

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