The Internet of Things: 3 Challenges Before Going Mainstream
The Internet Of Things CAN usher us into a new era. It provides a way for everyone to re-think how to become more efficient. How services are delivered and how products are produced can be transformed using IoT. It’s already being called the “fourth industrial revolution”.
China, Japan, South Korea, and the USA are taking big steps to create global standards and systems to make factories smarter. Germany is creating an interesting network of machines; this network will make factories more efficient. Approximately, £350 million is already being invested in futuristic factories powered by The Internet of Things.
Just how deep, how far, and how strong will the fourth industrial revolution be? Will IoT truly become as common as USB devices and batteries? Only time will tell.
There’s a lot of work to do before IoT can gather steam and go mainstream. Products using IoT will need to connect better. There’s a critical need for security. Careful scrutiny of privacy, rigorous standards that IoT can be based on, and so much more.
An answer looking for a problem?
Smart homes, motion sensors, light bulbs, switches, connected cars, or even self-driving vehicles don’t always “connect”.
The Internet of Things (IoT) is still in its infancy. Any attempts to build a business that completely relies on the Internet of Things might or might not work just as yet.
Flowthings offered an IoT cloud platform couldn’t last long, while failed startup Ekoor launched a proximity beacon.
Jawbone’s consumer wearables failed to make an impression in the market and a smart parking solution using a mobile app by Hi-Park didn’t find any takers.
See a list of failed IoT Startups.
The Need For Security
Samsung’s Open Economy document says “there is a very clear danger that technology is running ahead of the game” and that manufacturers need to secure more than 7.3 billion devices before 2020.
In 2013, weaknesses in the Insteon home automation system allowed someone with the know-how to take control of household devices.
In the year 2013 again, Samsung caused a big scandal when reports of vulnerable cameras on their TVs allowed hackers to spy on users.
This was also the year Charlie Miller and Chris Valasek hacked into a Toyota Prius and a Ford Escape using a laptop. The vulnerability allowed the team to take control and remotely operate the car’s steering, braking, and headlights.
The vulnerabilities and threats with IoT Security are real.
Take the case of a Vtech toy. After the company’s apparent inability to manage a few hacking incidents, cybersecurity experts advised parents to boycott or stop using Vtech’s electronic toys. Vtech’s only response to consumers’ complaints and the possible breach of privacy is only a vague set of terms and conditions (which the consumers mostly don’t read).
If you thought that this was a one-off incident, four major telcos in the United States were caught selling location data to third-party entities. A geolocation data firm called LocationSmart allowed any user to look up the location of any phone.
Meanwhile, there have been reports in Portland, U.S.A, of an Amazon Echo Smart speaker recording a couple’s conversation and sending it to someone on their contact list.
IoT is still failing
In 2018 alone, there were numerous cases of IoT security failures. These failures ranged from
- Problems with supplier implementation
- State actors co-opting legitimate products
- Service providers blatantly selling data to third parties with negligible security practices
- Cascading failures from voice recognition gone wrong.
If you want to use IoT solutions to help improve your business; to streamline operations and deliver products or services faster, you’ll need a strong, qualified, and expert partner.
Further, you also need a solid business transformation strategy to compete, position yourself in the market as an agile, transformation-ready business.
At Global IoT Solutions, we follow the VUCA framework — Volatility, Uncertainty, Complexity, and Ambiguity to make a dramatic impact on your business.
VUCA change is a new way of approaching change, pushing your business towards digital transformation.
We help develop a broad range of leadership skills focussed on industry 4.0, agile working, and financial benefit scenarios. Subsequently, we enable your teams embrace the rapid pace of change and remove the barriers that allow your business to innovate rapidly.
Are you looking to deliver rapid, visible performance improvements in the short term, while strengthening your organisations’ capability to win in the long term?
Check out our case studies.
Please get in touch with our team now.
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