Introduction
The Internet of Things (IoT) is a ubiquitous computing revolution that refers to the use of sensors, actuators, and data communications technology built into physical objects—from roadways to pacemakers—that enable those objects to be tracked, coordinated, or controlled across a data network or the Internet. In the past 5 years, there has been 300% increase in connected machine-to-machine devices. A number of closely related concepts include sensor networks, Ubiquitous positioning, Biometrics, Machine Vision. Another aspect of objects controlled through sensors and radio frequencies is Autonomous Vehicles. While many of these are presently used in the military and for industrial work, including Unmanned Aerial Vehicles. In the …show more content…
Retail sector is using IoT sensors for proximity advertising, security alarms, automated checkout etc. Banking industry is using it for smart payments. Manufacturing division is using it for efficiency monitoring, supply chain optimization, video monitoring, connecting warehouses with RFID. Health sector is using it for smart diagnostic systems and smart infrastructure, including bedside monitors and pumps. The industries are realizing the benefits of IoT for efficiency and cost …show more content…
The most critical one is the possibility of a ‘black swan’ event. ‘Black Swan’ is a term used by American Statistician Nassim Nicholas Taleb in his book titled, ‘The black swan: the impact of the highly improbable’, meaning unpredictable and rare events that are beyond the realm of normal expectations in history, science, finance, and technology. A massive attack on a city or country’s Internet of Things can be considered a ‘Black Swan’. In recent years, there have been instances of ‘Black hat’ hackers infiltrating bank networks to siphon money or trade sensitive information. In 2009, cyberspies penetrated the U.S. electrical grid, and left behind software programs that could disrupt the system. This is the reason of heightened security concerns with this future technology. With an infinite number of devices connected and sensitive information stored ‘in the cloud’, any hacker entering the network could control it and inflict economic and physical damage Therefore this is a huge safety issue. These harmful computer programs could even trigger weapons of mass destruction(WMD’s) without anyone being able to ascertain the culprit. Another risk associated with this disruptive technology is Privacy as a breach could expose huge amount of Personally identifiable information(PII). After businesses, governments are expected to be the second largest adopter of IoT
The Internet of Things (IoT) is a ubiquitous computing revolution that refers to the use of sensors, actuators, and data communications technology built into physical objects—from roadways to pacemakers—that enable those objects to be tracked, coordinated, or controlled across a data network or the Internet. In the past 5 years, there has been 300% increase in connected machine-to-machine devices. A number of closely related concepts include sensor networks, Ubiquitous positioning, Biometrics, Machine Vision. Another aspect of objects controlled through sensors and radio frequencies is Autonomous Vehicles. While many of these are presently used in the military and for industrial work, including Unmanned Aerial Vehicles. In the …show more content…
Retail sector is using IoT sensors for proximity advertising, security alarms, automated checkout etc. Banking industry is using it for smart payments. Manufacturing division is using it for efficiency monitoring, supply chain optimization, video monitoring, connecting warehouses with RFID. Health sector is using it for smart diagnostic systems and smart infrastructure, including bedside monitors and pumps. The industries are realizing the benefits of IoT for efficiency and cost …show more content…
The most critical one is the possibility of a ‘black swan’ event. ‘Black Swan’ is a term used by American Statistician Nassim Nicholas Taleb in his book titled, ‘The black swan: the impact of the highly improbable’, meaning unpredictable and rare events that are beyond the realm of normal expectations in history, science, finance, and technology. A massive attack on a city or country’s Internet of Things can be considered a ‘Black Swan’. In recent years, there have been instances of ‘Black hat’ hackers infiltrating bank networks to siphon money or trade sensitive information. In 2009, cyberspies penetrated the U.S. electrical grid, and left behind software programs that could disrupt the system. This is the reason of heightened security concerns with this future technology. With an infinite number of devices connected and sensitive information stored ‘in the cloud’, any hacker entering the network could control it and inflict economic and physical damage Therefore this is a huge safety issue. These harmful computer programs could even trigger weapons of mass destruction(WMD’s) without anyone being able to ascertain the culprit. Another risk associated with this disruptive technology is Privacy as a breach could expose huge amount of Personally identifiable information(PII). After businesses, governments are expected to be the second largest adopter of IoT