In-brief: A report by Verizon finds business adoption of IoT is growing quickly, boosting that company’s Internet of Things numbers. But increased business adoption of IoT brings risks to privacy and security.
The official “numbers guys” (and gals) of the technology business over at IDC have just come out with a new report on The Internet of Things and it has some eye-popping numbers. Top among them: an (estimated) 30 billion autonomous “connected things” deployed by the end of this decade. The report, “Worldwide Internet of Things (IoT) 2013-2020 Forecast: Billions of Things, Trillions of Dollars” is a market outlook for the IoT ecosystem, which IDC says comprises “intelligent systems, connectivity services, platforms, analytics, and vertical applications” it also includes professional services and security for IoT infrastructures. While IP-enabled things aren’t exactly “new,” the IoT is being driven by factors that haven’t been common previously, namely: ubiquitous, wireless Internet connectivity, regardless of location, notes IDC analyst Carrie MacGillivray. IDC says the trend lines are pointing up in a serious way, with IoT related economic activity to grow at a 7.9% compound annual […]