Last updated: 07 November 2019
The Internet of Things has been one of the most hot topics in recent times; alongside mobile network operators, cloud enablers, OEMs (Original Equipment Manufacturers), data scientists, digital security specialists, technology evangelists – everyone is contributing to the hype of this new phenomenon. However, it’s not just the IoT in play here; the Industrial Internet of Things (IIoT) is transforming enterprise and countries, changing how people work, how information is interpreted and how operations are streamlined.
But so much growth and change can also bring questions, and uncertainty. To address this, Gemalto has partnered with Telecoms.com for a survey concerning the future of the IoT. Nearly 1,000 professionals participated with responses coming from a broad cross-section of the industry – from operators, to academics, consultants, cloud service providers, chipset manufacturers, and many others. Now complete, the insightful report can help deliver meaningful insight to help shape your IoT strategy.
In the survey, the Industrial IoT was identified as the industry segment most likely to become the most lucrative for operators in the future, with 47.2% of respondents voting for it, followed by Home Automation with 37.1% of the votes. Additional highlights from the survey include:
- Security challenges top the list of concerns – 42.4% of respondents agreed it was one of the two main challenges; 77.1% of respondents agreed that security needs to be assessed very carefully.
- Platform standardization was identified as another of the biggest industry challenges the industry needs to resolve before the IoT can truly flourish with 37.2% of the votes, as compatibility issues will inevitably arise between platforms operating across multiple devices and networks.
- 7% of respondents agreed that trust is essential to the future of IoT development, and that it’s required to ensure mass market acceptance of the technology.
Since the IoT emerged, security has been the biggest threat to its development and wider acceptance by the community. It’s imperative that the IoT stack is comprehensively secured at every level – from device hardware and software, to the network gateway and connectivity protocols to the WAN, service provider or cloud network. To gain trust among consumers and enterprise customers alike, the ecosystem behind the Internet of Things requires a collaborative and comprehensive approach to IoT security.
No amount of investment in sophisticated technology or services can produce results if people, the eventual beneficiaries of the Internet of Things, do not trust the underlying system of networked things. For there to be true acceptance, there must be trust that the hardware, the software, and the data will deliver on its promise of a connected lifestyle that is both convenient and safe. We’re pleased that the respondents of this survey concur on this point, as this has been a mission for Gemalto for a long time now.