What is the Internet of Things (IoT)?
Many definitions have surfaced in the past to explain the IoT. In short, the Internet of Things is the rapidly growing network of connected devices and objects that collect and send data in real-time using sensors. This includes objects such as cars, lights, appliances, smartwatches, and security systems. For example, if you use your phone to activate your dryer or turn the air conditioning on, the IoT is being used. This process is how these different technologies communicate and share data with each other.
Early adopters of this technology such as companies in healthcare, building management, utilities, transportation, and manufacturing all attest to the many benefits of the IoT. This has allowed these industries to utilize the digital business transformation more efficiently than those that have not adopted.
Cybersecurity’s role in the IoT
Acting as an intermediary between IoT devices and the network, security gateways have more processing power, memory, and capabilities than the IoT devices themselves. This provides the ability to implement features such as firewalls to ensure protection so hackers cannot access the IoT devices that are connected.
As the Internet of Things technology becomes more closely integrated into everyday systems, lifestyles, and businesses, it is creating a greater need for cybersecurity. Defined as the technology and operations employed to safeguard devices and their respective platforms and networks from hacking, cybersecurity is critical to the modern business world. An attack could have critical financial and privacy implications.
The internet is the lifeblood of all connected devices that utilize IoT technology. As a result, if the internet is hacked, the devices cannot function as they would with unaffected internet. Proper cybersecurity is absolutely necessary to avoid hacking attempts.
What is the future of IoT?
In the business setting, the IoT is utilized by many large enterprises. Many of these early adopters have invested significantly in the technology. As advancements will continue to be made, many small to medium-sized businesses will begin to utilize the IoT as it will be easier to use and easier to invest in.
As the technology advances with things such as 5G and beyond, mobile connectivity, augmented virtual reality, and real-time analytics will continue to create even more opportunities for businesses than ever before. Data-driven informed decisions will help boost efficiency across many industries in ways we have yet seen.
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