Who Will Answer These Burning IoT questions?
The current situation of Internet of Things or “IoT” is very similar to the one that the Internet was back in the early 1990s. The IoT is faced with much of the same challenges, obstacles and skepticism regarding privacy, security, and the total lack of standards and a regulatory body. However, the Internet of Things does not have a future simply because it is the future and we have only begun to scratching the surface of the IoT’s true potential. But there are major questions being posed to its overall functionality.
Is Anyone Making Sense Of all This Big Data?
Industry experts believe that there has been as much data created in this alone as there has ever existed for centuries. Big data isn’t just big, it is vast and virtually limitless. But what do we do now that we have such easy access to such overwhelming amounts of data; how useful is it, and do we even need it? We’re talking about the kind of information overload that has caused supercomputers to crash and burn, and it has become a trend that will define this year in technology. IT industry giants have already begin collating and analyzing the data that has manifested on the internet and are in the process of making sense of all this data and figures, so that they can derive or create from it.
Will IoT Be Secure Enough to Enable Scale?
At its core, IoT is nothing more than networking of various connected devices so that they can interact with one another in ways that they have never been before. This means that every one of these devices creates a new security risk that needs to be secured. Security has always been a core issue, and has already become the center of controversy in numerous court cases around the world, indicating the IoT faces more than just imaginary security roadblocks. As the Internet of Things progresses, it will open itself up to newer and deadlier vulnerabilities for both business and homes alike.
What about IoT and Customer Privacy?
A Trend Micro survey conducted in April last year has revealed that over 80 percent of respondents we genuinely concerned about safety and privacy of their personal data, when using connected devices. And just as the Internet faced years of backlash due to privacy issues, its Déjà vu for many as the IoT is now being scrutinized for known privacy issues that have stemmed out of third-party tracking. But, unlike the internet’s seemingly-trivial privacy concerns, the Internet of Things takes the risk of a hack or phishing, from the virtual world to the real one; a world where everything from homes and offices, to vehicles and appliances, along with all the other connected devices in the world are open to those with the requisite hacking skills. Because in a connected world, even something as simple as a coffee machine is collecting potentially sensitive user data.
So, Who Owns All Of This Data Actually?
Sectors like health-care, energy and insurance are already realizing the major benefits of the Internet of Things, where huge amounts of unfiltered data pools can be dissected and cross inspected in order to find more effective cures reduce bad debts & liabilities and result in sustainable energy growth. Aggregate data is the raw data that is freely available in the internet, and is the kind of resource that can worked upon to create both tangible as well as intangible business outcomes. But you have to ask yourself, does anyone own all of this data? And if so, who? Does a telecom provider own the data that it’s tracking in users’ cell phones or does it belong to the customer who’s paying for the service? Who owns the data generated by a desktop computer, the owner or the manufacturer? What about the data created by an online service, is it owned by the owner of the company, the customer or the service provider?
Although the proliferation of the Internet of Things is occurring at a rapid pace, there are these very basic but very important questions that need to be answered. And it is better that you’re well informed about such concerns as they will soon affect every aspect your work and life, in more ways than one. The trick here is not to just have the right foresight, but also the right professional tools in place that will help you find answers to all you questions.