There are many advantages of incorporating IoT into our lives, which can help individuals, businesses, and society on a daily basis.   For individuals this new concept can come in many forms including health, safety, financially, and every day planning.  The integration of IoT into the health care system could prove to be incredibly beneficial for both an individual and a society.  A chip could be implemented into each individual, allowing for hospitals to monitor the vital signs of the patient.  By tracking their vital signs, it could help indicate whether or not serious assessment is necessary.  With all of the information that is available on the Internet, it can also scare people into believing they need more care than what is really needed.  Hospitals already struggle to assess and take care of the patients that they have. By monitoring individual’s health, it will allow them to judge who needs primary attention.  The Internet of Things can also assist people with their personal safety.  ADT, which is a home security system, allows individuals to monitor their security systems at home through their phones, with the ability to control it.  Also, another technology that has already been released is GM OnStar.  This is a system that is embedded in GM cars that can detect if a crash has occurred and it automatically calls 9-1-1.  It can also track the movement of the car.   

            IoT can also function as a tool that can save people money within their households.  If their home appliances are able to communicate, they can operate in an energy efficient way.  Finally, IoT can assist people with their everyday plans.  A very interesting example that was given in a video was the communication between many devices that automatically adjusted to let an individual sleep in.  Although this may sound unimportant, the misusage of time costs us “$135 billion a year” (Koreshoff, 2012).  By allowing physical devices to communicate, it is taking the data that is individually collected, sharing it, and then translating the information into ways to make our current systems more efficient.

            Businesses can also reap many benefits from the Internet of Things.  IoT can be useful in many different categories including asset tracking and inventory control, shipping and location, security, individual tracking, and energy conservation.   As mentioned before, IoT allows for the communication between devices, commonly referred to as Machine-to-Machine (M2M) communication.  With this being possible, physical devices are able to communicate to people letting them know their condition and where it is located.  Devices such as trucks or ships allow for the maximum capacity to be filled by communication amongst devices and then relaying that information to a person to capitalize on the data supplied.  All of these combined maximize revenue by cutting cost of inefficiencies within the business.  A specific example from “A Successful ‘Internet of Things’ Hinges on M2M” article, is the operation of Nestles Nespresso Coffee Machine, which has “the ability to monitor factors such as temperature setting, vibration, and pressure helps ensure quality output, potentially leading to greater customer satisfaction and continued repeat business” (Frenzel, 2012).  Although the idea seems quite simple, it can be very advantageous for a company to utilize the IoT to ensure quality service is given to their customers. 

            Another advantage of IoT is the ability to track individual consumers and targeting these consumers based on the information supplied by the devices.  In a way, it provides a more “personalized” system that could potentially increase business sales and increases their demographic.  Additionally, with the increased amount of devices connected to the Internet the Smart Grid expands, conserving more energy (Frenzel, 2012).  Devices can make decisions and adapt without human guidance to reduce their energy usage.  The IoT has many advantages to businesses, individuals, consumers, the environment, and society, but as with any technology, there are always repercussions and controversies that arise.