Role Of Blockchain In The Internet Of Things: SWOT Analysis | HuffPost UK

Are our laptops and smartphones the only devices connected to the large virtual space, the internet? Certainly, not! The internet, as we know today, connects a diverse range of devices that are built to make life more convenient.

The hyperconnected space has given birth to a new ecosystem which we call the Internet of Things. It is a digital realm that powers our smart watches, smart cars, smart home appliances and even a smart home itself.

Gartner, a leading research and advisory firm, has predicted that over 20 billion devices will be connected to the IoT ecosystem by 2020. In fact, a report by Business Insider forecasts that business spending on the technology will hit around $6 trillion by 2021.

Source: Role Of Blockchain In The Internet Of Things: SWOT Analysis | HuffPost UK

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Can U.S. lawmakers fix IoT security for good? | Network World

iot internet of things strategy briefcase

While the Internet of Things (IoT) has carved out a comfortable place for itself in today’s society and markets, many still fear that the interconnectivity-driven phenomenon is extraordinarily vulnerable to outside attacks. A number of U.S. Senators believe they may have a solution to the problem, and have put forward the Internet of Things Cybersecurity Improvement Act of 2017.

What are the exact details of the text of the bill, and how does it intend to secure one of the most diverse and unregulated assets of the economy? What potential pitfalls stand in the bills way, and how much of a chance does it have of becoming law? An analysis of the IoT Act reveals that it’s a healthy step in the right direction, but it may not be enough.

Source: Can U.S. lawmakers fix IoT security for good? | Network World

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5 IoT trends that will define 2018 | Network World

5 IoT trends that will define 2018

The Internet of Things (IoT) wasted no time spreading across the world and connecting millions of individuals. In just a few short years, billions of sensors redefined how businesses operated and how people interacted with one another, and that was only the start; one IHS forecast predicts the IoT will grow to reach a staggering 75 billion devices by 2025.

Source: 5 IoT trends that will define 2018 | Network World

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3 real-world examples of IoT rolled out in the enterprise | Network World

Buying into IoT comes with a wealth of benefits, but adopting heavy use of the internet of things means more than plugging in devices and waiting for the data to pour in; it means modifying network infrastructure to accommodate them.

This is not a trivial consideration. If the network doesn’t adequately support all aspects of IoT, a company may be unable to take advantage of all that data and will fail to realize the return on investment it was hoping for.

Source: 3 real-world examples of IoT rolled out in the enterprise | Network World

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11 Internet of Things Stats That Will Blow You Away | The Motley Fool

Miniature model of a city with lines connecting to various points in the city.

The Internet of Things (or IoT) sounds like one of those futuristic buzzwords that’s still just a little too far off to think much about. But the IoT — where once-unconnected things like watches, cars, healthcare equipment, etc. will be connected to the Internet — is already here, and it’s changing our health, how we build things, and how we get around, and creating billions of dollars in value across multiple sectors.

Source: 11 Internet of Things Stats That Will Blow You Away | The Motley Fool

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How Machine Learning Enhances The Value Of Industrial Internet of Things | Forbes

Industrial Internet of Things (IIoT) is already revolutionizing domains such as manufacturing, automobiles and healthcare. But the real value of IIoT will be realized only when Machine Learning (ML) is applied to the sensor data. This article attempts to highlight how ML augments IIoT solutions by bringing intelligent insights.

Source: How Machine Learning Enhances The Value Of Industrial Internet of Things | Forbes

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How the Internet of Things changes everything | Martech Today

The Internet of Things (IoT) has been called the next Industrial Revolution, and it will have a profound effect on how marketers will need to understand, market and track consumers in the years ahead.

In fact, BI Intelligence, in a 2015 report, estimated that more than 34 billion devices will be connected to the internet globally by 2020, up from 10 billion in 2015. This includes a mix of standalone devices that can be monitored and/or controlled from a remote location, as well as remote-enabled devices (such as smartphones, connected/smart TVs, smart home and smart assistants like Amazon’s Echo).

Source: How the Internet of Things changes everything | Martech Today

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U.S. GAO – Internet of Things: Enhanced Assessments and Guidance Are Needed to Address Security Risks in DOD | US GAO

What GAO Found

The Internet of Things (IoT) is the set of Internet-capable devices, such as wearable fitness devices and smartphones, that interact with the physical environment and typically contain elements for sensing, communicating, processing, and actuating. Even as the IoT creates many benefits, it is important to acknowledge its emerging security implications. The Department of Defense (DOD) has identified numerous security risks with IoT devices and conducted some assessments that examined such security risks, such as infrastructure-related and intelligence assessments. Risks with IoT devices can generally be divided into risks with the devices themselves and risks with how they are used. For example, risks with the devices include limited encryption and a limited ability to patch or upgrade devices. Risks with how they are used—operational risks—include insider threats and unauthorized communication of information to third parties. DOD has developed IoT threat scenarios involving intelligence collection and the endangerment of senior DOD leadership—scenarios that incorporate IoT security risks (see figure). Although DOD has begun to examine security risks of IoT devices through its infrastructure-related and intelligence assessments, the department has not conducted required assessments related to the security of its operations.”

Source: U.S. GAO – Internet of Things: Enhanced Assessments and Guidance Are Needed to Address Security Risks in DOD | U.S. GAO

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The Senate is considering an internet of things security bill | Slate

Last October, millions of internet-connected devices infected by Mirai malware—including many closed-circuit cameras and DVRs—bombarded internet company Dyn with traffic, causing a denial-of-service attack so massive it led to widespread outages and congestion online.

On the bright side, the crippling attack has actually led to an important and promising legislative development. On Aug. 1, a group of senators introduced a bill, the Internet of Things Cybersecurity Improvement Act of 2017, that could make some strides toward securing the ever-growing number of online devices that, generally, comprise the so-called “Internet of Things.”

Source: The Senate is considering an internet of things security bill | Slate

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