The Macroeconomic implications of the Internet of Things

| March 1, 2016

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Economic growth is the monetization of human effort. Originally this effort was physical and primarily the conversion of raw materials into goods, which added value as the result of human physical effort. The core purpose of capitalism is to add value to human effort. The Gross Added Value of a country is usually called nominal GDP, and consists of net profits plus wages and salaries

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Myriad Group

We build products that bring global communities together for the betterment of all. From embedded software platforms and mobile operator messaging services to our flagship social messaging app Versy, Myriad prides itself on driving innovation, leveraging broad industry expertise, and building technology inspired by a world of potential. With headquarters in Zurich and offices in London, Chengdu, Paris, Mexico City, Sao Paulo and San Francisco, our teams work across markets and beyond one core competency. We are guided by strong leadership and the confidence to see the world as it could be. If you can build it, we believe in it.

OTHER ARTICLES

Dotdot Over Thread Deep Dive

Article | February 20, 2020

In the quickly evolving world of the IoT, multiple standards have developed in a short span of time, each with the goal of allowing smart home devices to communicate with each other and with multiple online services. One solution to this issue is the use of the Dotdot, an application layer developed for IoT devices to easily join networks of other similar devices and to communicate their status and capabilities in a standardized way, combined with Thread. Thread is an IP mesh network implementation designed for IoT device communication, promises to be a widely implemented standard in IoT device manufacture and development.

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Microsoft acquires ReFirm Labs to enhance IoT security

Article | February 20, 2020

Modern computing devices can be thought of as a collection of discrete microprocessors each with a dedicated function like high-speed networking, graphics, Disk I/O, AI, and everything in between. The emergence of the intelligent edge has accelerated the number of these cloud-connected devices that contain multiple specialized sub-processors each with its own firmware layer and often a custom operating system. Many vulnerability analysis and endpoint detection and response (EDR) tools find it challenging to monitor and protect devices at the firmware level, leading to an attractive security gap for attackers to exploit. At the same time, we have also seen growth in the number of attacks against firmware where sensitive information like credentials and encryption keys are stored in memory. A recent survey commissioned by Microsoft of 1,000 security decision-makers found that 83 percent had experienced some level of firmware security incident, but only 29 percent are allocating resources to protect that critical layer. And according to March 2021 data from the National Vulnerability Database included in a presentation from the Department of Homeland Security’s Cybersecurity and Infrastructure Agency (CISA) at the 2021 RSA, difficult-to-patch firmware attacks are continuing to rise. Microsoft’s Azure Defender for IoT team (formerly CyberX) recently announced alongside the Department of Homeland Security a series of more than 25 critical severity vulnerabilities in IoT and OT devices

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WISeKey Drives Innovations in IoT Security with 23 Strategic Patents in the US

Article | February 20, 2020

WISeKey International Holding Ltd., cybersecurity delivering Integrated Security Platforms, announced that it has registered a total of 23 new strategic patents in US which are essential to the digital transformation applications that are fueling the growth in the IoT market.With a rich portfolio of more than 46 patent families, covering over 100 fundamental individual patents, and another 22 patents under review, WISeKey continues to expand its technology footprint in various domains including the design of secure chips, near field communication (NFC), the development of security firmware and backend software, the secure management of data, the improvement of security protocols between connected objects and advanced cryptography.

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Make Room For Public Clouds In Your Industrial IoT Strategy

Article | February 20, 2020

Not too long ago, executives from manufacturing and related industries would not consider running their internet of things (IoT) initiatives from a cloud. Now? It’s hard to find one who doesn’t enthusiastically embrace some role for the public cloud. Makers of industrial IoT (IIoT) software platforms have undergone a similar change of heart, pivoting from making grand plans for multibillion-dollar global data center rollouts to wholeheartedly partnering with one or more of the hyperscale public clouds. So far, so simple: Public cloud is definitely now part of the industrial IoT story. But there are a multitude of ways to use a public cloud, from just installing your own software there to fully integrating with all of the cloud, development, and IoT services that the hyperscale public cloud platforms increasingly offer. I explore this range of options in my latest report, “Hyperscale Public Clouds Power Your Industrial IoT Future,” and shall be discussing the issues in a client webinar on March 31.

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Spotlight

Myriad Group

We build products that bring global communities together for the betterment of all. From embedded software platforms and mobile operator messaging services to our flagship social messaging app Versy, Myriad prides itself on driving innovation, leveraging broad industry expertise, and building technology inspired by a world of potential. With headquarters in Zurich and offices in London, Chengdu, Paris, Mexico City, Sao Paulo and San Francisco, our teams work across markets and beyond one core competency. We are guided by strong leadership and the confidence to see the world as it could be. If you can build it, we believe in it.

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