Internet of Things (IoT) technologies: features, development prospects and potential threats

Purpose. The article aims to explore the characteristics, development prospects, and possible threats associated with Internet of Things (IoT) technologies. With IoT rapidly integrating into multiple industries, understanding both its advantages and risks is crucial for future advancements. Design...

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Main Authors: Daria Margaza, Yurii Yurchenko
Format: Article
Language:English
Published: Oles Honchar Dnipro National University 2024-11-01
Series:Challenges and Issues of Modern Science
Subjects:
Online Access:https://cims.fti.dp.ua/j/article/view/200
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author Daria Margaza
Yurii Yurchenko
author_facet Daria Margaza
Yurii Yurchenko
author_sort Daria Margaza
collection DOAJ
description Purpose. The article aims to explore the characteristics, development prospects, and possible threats associated with Internet of Things (IoT) technologies. With IoT rapidly integrating into multiple industries, understanding both its advantages and risks is crucial for future advancements. Design / Method / Approach. This research adopts a conceptual approach, analyzing selection of literature, case studies, and industry reports to synthesize the current state of IoT technologies. The study highlights technological developments, emerging applications, and possible security threats in different fields. Findings. The study reveals that IoT is driving innovation and efficiency across industries, including healthcare, manufacturing, and smart cities. However, it also underscores significant challenges, such as cybersecurity risks, data privacy concerns, and regulatory gaps that may hinder widespread adoption. Theoretical Implications. The research contributes to the theoretical understanding of IoT by addressing the need for comprehensive models that account for both the technological growth and the potential risks IoT poses, particularly in the context of security and ethical considerations. Practical Implications. For practitioners, this study offers actionable insights on deploying IoT solutions securely and effectively, with an emphasis on risk management. The findings also inform on how to develop regulations that ensure safe and sustainable IoT adoption. Originality / Value. This paper provides a balanced overview of IoT's potential benefits and inherent risks, offering a unique contribution by integrating various perspectives from technology development to societal implications, while addressing underexplored areas of IoT security. Research Limitations / Future Research. The study is limited by its reliance on secondary data sources. Future research could involve empirical investigations into the practical implementation and long-term effects of IoT technologies in specific sectors. Paper Type. Conceptual. PURL: https://purl.org/cims/2403.020
format Article
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institution Kabale University
issn 3083-5704
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publishDate 2024-11-01
publisher Oles Honchar Dnipro National University
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spelling doaj-art-344cddb599bb43f9b379adf3ef9af1eb2025-02-11T09:48:15ZengOles Honchar Dnipro National UniversityChallenges and Issues of Modern Science3083-57042024-11-013Internet of Things (IoT) technologies: features, development prospects and potential threatsDaria Margaza0https://orcid.org/0009-0007-3026-7709Yurii Yurchenko1https://orcid.org/0000-0002-8047-7647State University of Trade and EconomicsState University of Trade and Economics Purpose. The article aims to explore the characteristics, development prospects, and possible threats associated with Internet of Things (IoT) technologies. With IoT rapidly integrating into multiple industries, understanding both its advantages and risks is crucial for future advancements. Design / Method / Approach. This research adopts a conceptual approach, analyzing selection of literature, case studies, and industry reports to synthesize the current state of IoT technologies. The study highlights technological developments, emerging applications, and possible security threats in different fields. Findings. The study reveals that IoT is driving innovation and efficiency across industries, including healthcare, manufacturing, and smart cities. However, it also underscores significant challenges, such as cybersecurity risks, data privacy concerns, and regulatory gaps that may hinder widespread adoption. Theoretical Implications. The research contributes to the theoretical understanding of IoT by addressing the need for comprehensive models that account for both the technological growth and the potential risks IoT poses, particularly in the context of security and ethical considerations. Practical Implications. For practitioners, this study offers actionable insights on deploying IoT solutions securely and effectively, with an emphasis on risk management. The findings also inform on how to develop regulations that ensure safe and sustainable IoT adoption. Originality / Value. This paper provides a balanced overview of IoT's potential benefits and inherent risks, offering a unique contribution by integrating various perspectives from technology development to societal implications, while addressing underexplored areas of IoT security. Research Limitations / Future Research. The study is limited by its reliance on secondary data sources. Future research could involve empirical investigations into the practical implementation and long-term effects of IoT technologies in specific sectors. Paper Type. Conceptual. PURL: https://purl.org/cims/2403.020 https://cims.fti.dp.ua/j/article/view/200Internet of Things (IoT)development prospectspotential threatssecurity risksdata privacy concernscybersecurity
spellingShingle Daria Margaza
Yurii Yurchenko
Internet of Things (IoT) technologies: features, development prospects and potential threats
Challenges and Issues of Modern Science
Internet of Things (IoT)
development prospects
potential threats
security risks
data privacy concerns
cybersecurity
title Internet of Things (IoT) technologies: features, development prospects and potential threats
title_full Internet of Things (IoT) technologies: features, development prospects and potential threats
title_fullStr Internet of Things (IoT) technologies: features, development prospects and potential threats
title_full_unstemmed Internet of Things (IoT) technologies: features, development prospects and potential threats
title_short Internet of Things (IoT) technologies: features, development prospects and potential threats
title_sort internet of things iot technologies features development prospects and potential threats
topic Internet of Things (IoT)
development prospects
potential threats
security risks
data privacy concerns
cybersecurity
url https://cims.fti.dp.ua/j/article/view/200
work_keys_str_mv AT dariamargaza internetofthingsiottechnologiesfeaturesdevelopmentprospectsandpotentialthreats
AT yuriiyurchenko internetofthingsiottechnologiesfeaturesdevelopmentprospectsandpotentialthreats