Internet of Things – How can we adapt and how it will affect us?


There is no denying that the Internet of Things, or more fondly known as IoT has taken over a large part of our everyday lives. The use of this new technology is nothing short of increasing and expanding, fast! And couple this with the revolutionary and world-changing Industry 4.0 era, it should only get better, right?

Is it all it is hyped out to be?

The idea (and dream) of living in a smart home and community has been envisioned for the longest time. It has been seen in movies mostly and with the likes of Google Home and Amazon’s Alexa, they have certainly dwarfed those technologies. But is it such a big thing as how everyone is talking it out to be? It was when it started, but it is now a way of life. Hence, like it or not, everyone will have to ride along with this wave.

Is it a blessing or a curse?

One thing for sure, you cannot shake off the skepticism surrounding IoT because it has always been the same as the last few movements. Technology will make people lazier in the name of convenience because it has always been that way. But it also makes things more efficient. Now with control at your fingertips, even trading in the financial markets can be automated. Embracing IoT will make life better in many ways.

  • Devices – The things we use are now smarter. Your TV, microwave, and even automatic gates would eventually have learning abilities and know when and how they are to be used.
  • Connectivity – The race for 5G is now hotter than ever. That is simply because, with super-fast internet speed, everything gets connected faster and the transfer of data (including gathering) becomes a lot more efficient.
  • Intelligence – When you can use your voice to activate your home air-conditioning system and lighting, it changes everything. Home appliances recognize your voice and know what it needs to do. AI has never been more important than it is now.
  • Efficiency – When you get your tasks done faster and more efficiently, you save time and cost. In the long run, you do not consume as much. Water consumption can be controlled. Electricity costs can be reduced because you consume less.

Are our lives really that disrupted?

Having said that, how is IoT affecting us? Is it disruptive or ubiquitous? If this trend continues (which it inevitably will), IoT will take over every part of how we live, from the time we wake up to the time we go to work and back home again to the point before we sleep. And IoT is at work even when we are sleeping (like analyzing our sleep patterns, total hours of a deep sleep, etc).

Join our Telegram channel to get the latest news and financial freedom tips

Table of Contents

On Key
Related Articles
Six Capital Pte Ltd. Singapore

The financial world since 2008 and the Global Financial Crisis has changed forever. In the currency markets, the banks’ role as ‘market makers’ has diminished

Get free email updates from us
Learn about new business opportunities
Ask us in Whatsapp