The Internet of Things: The good, the bad, and the ugly

If you read nothing else:

  • The IoT, which is still in its infancy, can enable new digital business initiatives and unlock operational efficiencies for businesses of all sizes.
  • But the proliferation of connected things – expected to reach 20.4 billion units by 2020 – introduces massive security risks to businesses and individuals.
  • Other challenges include the ability to process and analyse enough data to cover the Earth ten times – which will be produced every day, a lack of universal standards and protocols, poorly designed IoT systems, complex configurations, flaws in data models, connectivity bottlenecks, legacy infrastructure, and sluggish endpoints.
  • Despite the challenges, every business must take advantage of the IoT, but doing it because everyone else is, could backfire horribly.
  • Despite the challenges, every business must take advantage of the IoT, but doing it because everyone else is, could backfire horribly.
  • The best advice: Start small by solving a specific customer problem, find the value, and expand from there.

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