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What Experts are Saying About the Internet of Things – November 2014

This is the latest post in a blog series here at bbotx that highlights what happened in the Internet of Things world during the past month.

  • This article from strategy+business posits that “The digital interconnection of billions of devices is today’s most dynamic business opportunity.” The article is also a ‘Strategist’s Guide to the Internet of Things’.
  • The evolution of the next generation mobile system will depend on the creativity of the users in designing new applications. This article from TechCocktail examines how the IoT is shaping our future.
  • The Federal Communications Commission (FCC) may soon find its greatest challenge yet in the “Internet of Things.” The ‘things’ in the IoT need connectivity, and “For the FCC and the world’s communications regulators, this means freeing up more spectrum—and at a time when the airwaves are running out of free space.” Check out the full article on this issue here. (via Bloomberg BNA)
  • There have been high profile security failures, there has been much written about it, and security is a problem. Having said that, are security concerns really what is shaping behaviour in IoT adoption? Other experiences suggest otherwise. This post from our CEO Paul Hanson takes a look at the question “Is security the be-all end-all issue for the IoT?”

What other articles caught your interest about the IoT space this month? Let us know on twitter at @bbotx or in the comment section below. Read more

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If IoT Security is Everything, Why Don’t We All Drive Volvos?

This year we have seen some bad security breaches related to the Internet of Things. Smart fridges meet smart villains – no surprise, smart villains win.

There has been a good deal of comment about this problem, even the Economist sat up and took notice. This is an easy problem to understand, and it is serious, so it has generated a lot of comment and hand wringing in the media. One could be forgiven for assuming that security will be the be-all end-all issue for the IoT.

We are not so sure. First, the knowledge exists to solve it. My friends and I created a major piece of U.S. financial market infrastructure that handles tens of thousands of orders per second, and trades billion of dollars daily. Like most significant financial markets, it has never been hacked. The technologies we create are designed to be secure at every step. The recent high profile failures of major corporations and government departments to protect their sensitive information are more a condemnation of those organizations ability than a credit to the hackers. Read more