Internet of Things another tech has been great hype around it for the last couple of years. Millions of devices have been connected because of it, with no chance of slowing down in the near future. According to sources the by the year 2020 IoT devices that are connected to the network I supposed to reach almost 20.8 billion. At this time the industry is booming at great pace and there is no shortage of technology to carry it ahead, like smart devices and innovative solutions. But like any other new technology that come with promises, comes with its shares of problems. IoT to have it shares of issues and hyped expectations. There is no doubt in the fact that there are n numbers of benefits of this technology, which is one of the reasons that makes it unfit for the prime time. This post is about why Iot is still not a sure sure prime time ready.
in the last couple of years media has created a buzz around IoT technologies and why not with so many VC investments in the technology. Because of this hype many companies were motivated to enter in this technology. New IoT products started coming up in the market such inflow of companies which ended up in a disintegrated landscape. One of the main issues of adopting IoT technologies and solutions on a commercial scale is disintegration in agreements or rules and regulations becoming overwhelming to an average consumer. Aside from the adoption challenges, the main problems of this disintegration are the integration and interoperability issues that the consumers are facing. Due to the fragmentation of the protocols, device management has been a complex process that many consumers have not been able to address adequately. Think of having consumers doing complex operations like firmware updates, maintenance, OS updates, patches and feature rollouts - all of which can be a nightmare due to the protocol fragmentation.
Issues related to power
the reason why OEMs are making IoT powered devices smaller and cheaper because of the cost of them. This gave a rise to the battery powered devices which stop working once there battery dies. When it comes to keeping up with the IoT technologies these battery are having troubles with it causing consumers problems. Think of yourself buying an IoT camera with batteries and the batteries dying on you while you are on vacation.
Connectivity not stable
the markets around the globe have stable connections to local networks or the internet, but that's not necessarily true for the rest of the world. The challenge here is that connectivity is not universal everywhere, and because of that, IoT products and applications wonâ??t work the way they should.
And because there are so many numbers of different types of IoT devices it sure does creates issues. It's not unusual for the average consumer to require an expert service provider to make sure that their devices are on their network and functioning properly.
There are many devices that are coming up with online and offline modes, the instant connectivity phenomenon and the fear of losing connectivity to the devices is an common problem for consumers. Think of smart homes or AgTech using IoT for security purposes that cannot be monitored without a connection.
Another issue with connectivity is that devices are pumping the collected data into multiple clouds and cloud-based platforms, which have their own sets of restrictions and application programming interfaces.
there have a lot of cases of data breaches in the last couple of years, IoT security is under more scrutiny than ever. Gartner predicts that the IoT security-related spending will be $1.5 billion in 2018 and will increase to $3.1 billion by 2021.
With a rush of IoT devices in smart homes and cities, implementing security features for these devices is a need felt industry wide. However, this has not been addressed as of yet by the industry.
Research conducted by Avast revealed that at least 32,000 smart homes and businesses are at risk of leaking data.
Though IoT as technology has slowly matured and more products are coming our way, the security on IoT devices is still in its nascent stage. Novice hackers can easily hack these devices. According to a study released by Hewlett-Packard, revealed that 70% of IoT devices are vulnerable to hacking.
Starting IoT developments are focusing on individual devices and single-purpose applications with a lack of cohesive or truly interoperable infrastructure and security. Every new IoT product brings in a new connectivity and security issue that is vital to ensuring ecosystem integrity. One crucial step to address this issue is to shift away from proprietary implementations to scalable and consistent standards-based architectures that are still evolving.
On top of the device-level security, the amount of data generated and stored in SaaS- and PaaS-based platforms opens up a whole new set of data privacy and security issues. For example, data collected from an IoT-connected door can provide hackers with information about your daily movement, such as when you go on vacation or what time you come back from work. By having access to this type of data, hackers can easily predict your future movements and use these to cause damage.
The high costs of IoT products have significantly slowed down the mass adoption of IoT technology, which means the prices, will have to drop if we want this to change. The amount of data that is being generated by the devices adds another layer of complexity in terms of storage, and increases the total cost of ownership as well. Many companies are still trying to figure out their big data strategies, and some are moving toward smart data strategies to lower the cost of ownership of the data that is being collected and stored. Starting small, getting the needed data is the key to understand the cost implications of IoT.