- Feb 4, 2016
- 2,520
Some recent IoT facts that caught my attention:
Source: SC magazine, Oct 2018
- Global IoT market share is projected to grow from 249 billion in 2018 dollars to 457 billion dollars in 2020
- $ 6 trillion will be invested in IoT solutions over the next five years
- In 2020, 90% of vehicles will be internet connected
- In 2020, 173.47 million wearable devices will be in use
- In 2020, smart cities will have a 26% share of IoT
- In 2020, industrial IoT will have a 24% share of IoT
- In 2020, connected health will have a 20% share of IoT
- In 2020, smart homes will have a 14% share of IoT
What does all of this mean? How will we manage and secure all of these devices? We already stumbled pretty bad moving from mainframes to client server, connected laptops and smart phones. We simply moved too much data too fast to unsecured devices. See the OPM data breach. The same government that wanted to hurry and get all medical data online could not secure its most prized clearances of its highest-level staff, including military officers and the FBI director.
So, where to now? Want to learn more about IoT? It really applies to everything: medicine, health, transportation, smart cities and smart homes. The excellent book “Internet of Things, for Things and by Things” by Abhik Chaudhuri has my full attention. It’s well written and covers all things IoT.
Those of us in security, privacy, governance and risk management can’t ignore IoT any longer! It’s coming like a tsunami and we better hold on and have a plan.
One thing’s for sure: IoT will change everything, in all sectors!