Electric Pressure Instant Pot: Pros
All-Stainless Steel Interior: Unlike most electric pressure cookers, the Instant Pot has an all-stainless steel interior, so this is the only part that touches the food. While the outer parts are plastic or other materials, they won't come in contact with food, and they don't have a Teflon or non-stick surface.
Multipurpose: As a multipurpose gadget, it's conceivable to replace slow cookers, rice cookers, wok pans, and steamers. I've even had friends tell me that they use the Instant Pot so much these days that they rarely use the stove and oven. I certainly don't see the Instant Pot replacing my oven and stove, but if one of those appliances fails, it certainly can if I need it.
Replacing the Slow Cooker: The Instant Pot has largely replaced our slow cooker because the Instant Pot works faster and works better. I can see an electric pressure cooker like this being especially useful for anyone with a small kitchen as it can replace several other kitchen appliances.
Time saver: This is probably the biggest benefit I immediately noticed about the Instant Pot. It can cook a slow cooker recipe that takes 6-8 hours in under an hour, and I can even prepare a roast for dinner in about 40 minutes.
Good price point: While the Instant Pot does cost more than most disposable kitchen appliances like slow cookers and rice cookers if you're using it to replace one or more of these other gadgets, it's got cost-effective.
Programmable: This is one of the Instant Pot's advantages over regular pressure cookers and most slow cookers. Because it cooks so quickly, I sometimes don't need a handful of recipes in the Instant Pot to start cooking, but I want it ready. The Instant Pot lets you program up to 24 hours in advance and has many pre-programmed options for ease of use.
Energy efficient: Just like a slow cooker, the heat source is electric and built-in, so it doesn't require a separate gas or electric stove and is more energy efficient. Since it's self-regulating, it's also safer and easier to use (in my opinion).
Easy To Clean: Since the cooking bowl is all stainless steel, it is easy to clean by hand and can even be put in the dishwasher.