IoT solutions have helped increase productivity and efficiency in factories and workplaces. Similarly, IoT-powered medical devices have led to the development of connected and proactive approaches to healthcare.
Smart cities are also using IoT to build connected traffic signals and parking lots to reduce the impact of increasing traffic flow.
However, the impact of IoT security threats could prove to be a major issue in IoT implementations. IoT security threats such as DDoS, ransomware and social engineering can be used to steal critical data from people and organizations. Attackers can exploit security vulnerabilities in IoT infrastructure to execute sophisticated cyberattacks.