IDG Contributor Network: Don’t get caught in an IoT security nightmare
Developing an IoT security competency and implementing an IoT risk assessment program should be an important strategic focus for any company implementing an IoT strategy.A great race is underway among companies in the industrial sectors to be leaders in the Internet of Things (IoT) realm. Companies are off and running in their plans to execute IoT strategies, and many are already connecting all manner of “things” to gather and analyze data about product usage and performance, factory output, maintenance issues, etc.The proof is in the spending. A June 2017 report by research firm International Data Corp. (IDC) said spending on IoT in 2017 was expected to grow 17% compared with the previous year, reaching more than $800 billion. By 2021, IDC said, global IoT spending is expected to reach about $1.4 trillion, including hardware, software, services, and connectivity that enable IoT.To read this article in full or to leave a comment, please click here