WELCOME TO The THE INTERNET OF THINGS REPORT
The Value of Big Data and the Internet of Things to the UK Economy
N/A | February 18, 2016
Everynet is the leading LPWA pioneer, and netwrok operator, providing innovative solutions that help companies around the world solve their biggest IoT challenges and scale quickly.
Article | March 18, 2020
There are already 20 billion IoT-connected devices, and 8 billion of those are devices used by enterprises, according to a report by Gartner. The impact of the Internet of Things market is potentially $11 trillion by 2025. The investment in IoT has come primarily from large businesses, but the technology is increasingly available via ‘as-a-service’, making it possible for businesses of all sizes to benefit. The ‘as-a-service’ model reduces the cost of ownership and capital expenditures and makes it easy for small businesses to investigate IoT with smaller up-font investments and less risk. Frank Della Rosa, research director at IDC, said that “Software as a Service (SaaS) continues to be the most highly deployed cloud segment, representing a commanding 62.4% of the total cloud market revenues.”
So you’re building an IoT solution and you’re ready to select your connectivity approach. Should you use Bluetooth? WiFi? LoRa? Cellular? Satellite? As I’ve explored in a previous post, the connectivity approach you choose ultimately comes down to the specific needs of your use case. Some use cases favor mobility and bandwidth, and power consumption doesn’t matter as much. Other use cases favor extensive battery life and broad coverage, and bandwidth doesn’t matter as much. In this post, I argue that for Enterprise IoT solutions, you shouldn’t use WiFi regardless of the use case. To build and implement a successful IoT solution, your connectivity needs to be reliable and consistent. When there’s an issue that needs troubleshooting, knowing that certain components of your IoT solution are reliable and consistent enables you to narrow your focus and address issues more effectively. There are many challenges in IoT, many of which stem from operational challenges and from having thousands of devices out in the real world where they’re subject to harsh, ever-changing environments.
More than half of all internet of things (IoT) devices are vulnerable to medium- or high-severity attacks, meaning that enterprises are sitting on a “ticking IoT time bomb,” according to Palo Alto Networks Unit 42 research team. In new research released Tuesday, researchers said that several deep-rooted issues exist around connected devices, both used by general enterprises and in medical environments. At the most basic level researchers found that 98 percent of all IoT device traffic is unencrypted, exposing personal and confidential data on the network. Other issues, like the reliance on outdated legacy protocols and operating systems, are opening up organizations up to older attack techniques that IT teams may not have had to deal with in years. For instance, researchers outlined one attack they discovered of a connected mammogram machine, used in a hospital, by the Conficker worm (malware first discovered more than a decade ago).
Most would agree that the adoption rate of the Internet of Things (IoT) has fallen well short of predictions. Given the proven benefits that the IoT can deliver, such as preventative maintenance and real-time asset management, it’s confounding that every company isn’t well on its way to leveraging IoT. There are far more attempts to adopt the IoT than successes, says Terri Foudray, founder and CEO of Rumble, as well as several reasons that the IoT is not meeting or exceeding adoption forecasts. The culprits behind adoption failures include the lack of available talent, the overwhelming and complex volume of prospective vendors, the lack of a solid business case to define success, and the derailing of initiatives caused by unanticipated political and cultural pitfalls that often accompany enterprise-wide technology adoption.
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