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November 12, 2014

Vendors must invest in currency of the future – Data

Key business drivers fuelling IoT adoption

By CBR Staff Writer

Businesses looking to take advantage of the Internet of Things (IoT) must pay attention to security and standardisation concerns, according to analyst Frost & Sullivan.

The firm’s research suggests that IoT represents a disruptive, cross-industry force that will provide key benefits to users in terms of real-time data collection and in-depth analysis.

Businesses looking to reap such benefits must focus on improving the speed and reliability of communication, enforcing a single standard across the enterprise and maintaining a robust security platform.

"Security, particularly for critical infrastructure, is a key concern for end users owing to the number of attack points and potential magnitude of impact," said Frost & Sullivan senior research analyst Rahul Vijayaraghavan.

"As the IoT market moves towards semi- and fully-autonomous control networks, end users will have limited awareness and control in the event of targeted attacks, heightening the risk of sudden disruptions."

The analyst says end users must decide what mission critical data should be managed in-house and what information should be progressively farmed out to external providers.

"As data becomes the currency of the future, vendors must further invest in meeting critical end user data storage, management, analytics and ownership requirements," said Vijayaraghavan.

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The research is taken from Frost & Sullivan’s market insight document, ‘Internet of Things (IoT) – Challenges and Impediments’, which provides an overview of the key business drivers fuelling IoT adoption.

 

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