Fraud Risks Of The Internet Of Things Will Challenge Manufactures, Installers And Users

The different visions of the IoT paradigm, which are available from the literature are introduced and

GPS, drones, spying, and nuclear war are all capabilities of the everyday items around us. These “normal” devices such as an iPhone or computer are all part of an enormous web infrastructure called the internet of things (IOT). The internet of things is a link between the online world and the physical world through connected devices which can achieve physical accomplishments such as taking a pulse. The Internet of things was said to have been discovered in 1999 during a presentation at Procter and Gamble. When Business moguls were trying to find a way to make the internet profitable, they manufactured the term internet of things. Ironically, IOT tracked its usage of term online through “Google Trends”. According to Google, since 2004 IOT was

Section 3 will show many different examples about how many different businesses are using the Internet of Things to improve their business and provide the specifics in which they are using the devices. An example of a company that will be used in this section is Tesla. Tesla uses the Internet of Things to have their vehicles drive by themselves automatically. Tesla has many other examples of using the Internet of Things to help their business and the rest of them will be covered in that section. This section goes in depth to five different companies and explain how they have used the Internet of Things to their advantage. The five companies mentioned are Tesla, IBM, SAP, Facebook, and Comcast. Facebook has been looking into making a couple of new devices that could rival companies such as Amazon and Google with the way they plan on implementing the Internet of Things. The specifics of those devices will be analyzed more in depth in section

As a business manager it is important to understand the growth of IoT’s, because utilizing an IoT in your business can provide you with information to carry what products customers are looking to purchase. This would enable a manager to stay ahead of the competition and make more sales, by only ordering what your customers are going to buy. The IoT could help a manager make more successful business decisions.

The sudden growth in IT investment is linked with the growth of IOT and therefore naturally an era of increased investment comes with increased business opportunities. The following section describes some of the applications of the internet of things and the opportunities in which they will bring.

The biggest and most disruptive technology that has impacted the industry at large has been the Internet with the emergence of Mobile Internet. It has also been deemed as the most powerful source of communication all around. It has given rise to the term of “Internet of Things” (IoT), (Evans, 2014). According to Gartner, it has become evident that IoT exclusive of PCs, tablets and smartphones will have, by the year of 2020, increased massively.

Internet of Things, abbreviated IoT, is the interconnection of devices through internet networks. It has skyrocketed in recent years and has no intentions on slowing down. It connects things like cell phones, cars, computers, monitors, coffee machines, and other devices that contain, sensors, internet connection, and software. It connects devices and machines that one might not even notice or know about. Internet of things is changing the world we live in. It has allowed for reduced waste, increased efficiencies, advancements, enhancements, and so much more in our everyday lives, including our health.

The first trend that will have an enormous impact on businesses is rapidly evolving technology. According to the Institute for Global Futures, business and technology have fused, and it is imperative that organizations understand the changes in order to survive (Top Ten Trends, n.d.). It is no longer enough to simply keep up with technology. In today’s business environment, “continuous transformation” will be necessary in order to integrate new technology smoothly and quickly (Judah, 2017). One rapidly expanding technology involves the Internet of Things(IoT), where products with an on/off switch can communicate with each other over the internet. While this can be convenient, there can be security and privacy concerns. Therefore, a company must implement the changes with security in mind to protect its self and its customers. The

The forecasts point that then number of Internet of Things devices by 2020 will be around 25 billion, which is an exponential growth compared to 5 billion devices connected at this moment, while these systems are still considered weak on security measures. The reasons why security is not strong enough rely on their poor management design and services offered and other known security flaws.

The fore fronted IOT innovations that are materializing at present are driverless cars, automated manufacturing and automated transportation. These innovations are shedding light on the

The future of security for IoT needs to be proactive and not reactive, preventive and not remedial. It is important that we bake in the security into IoT platforms right from the ground up instead of doing it in piecemeal way as was the case with evolution of modern day operating systems or internet revolution. Future IoT initiative shall have security shall be holistically implemented at network, application and device/hardware level. We should definitely leverage wide knowledge base and research investments we have already made in the embedded systems, OS, web and mobile security space. Top security software providers, market leaders in the technical corporate space and federal institutions, and tight laws shall be built to

New business opportunities: The IoT devices connected across the world, the extensive data and people using it will provide new business opportunities to many sectors. With the use of IoT data the organizations have an advantage to gain a better understanding of their consumer’s requirements, improve the business processes, better coordination, investments and public safety.

In today’s technological culture, businesses are trying to gain a competitive advantage. One way companies are doing this is by utilizing the idea of the internet of things. “The Internet of Things will enable forms of collaboration and communication between people and things, and between things themselves, hitherto unknown and unimagined.” This is the definition based on the standards of the ITU Telecommunications Standardization Sector. The International Telecommunications Union is a specialized agency within the UN that is responsible for issues within information and communication technologies. ITU believes that IoT’s success depends on the existence and smooth and effective operation of global standards. To make it easy to understand, basically the Internet of Things is to have a device that can tell you the news or a refrigerator that can order certain foods for you when you run out. The Internet of Things has developed significantly as time goes by. The IoT is something that people don’t recognize even though they use it every day. Some examples include smart refrigerators, home security systems, a wireless home speaker system and basically anything else that uses the internet to send or receive data. As well as with a great amount of advantages this type of product may bring, it also brings a large number of disadvantages. Specifically, there will be information that will cover how Amazon is using the Internet of Things to make certain actions easier to perform.

The internet of Things (IOT) is an important part of new generation of information technology and known as an important stage of development “information” age. (Ashton, 2009). As the name suggest, IOT means the materials, objects, animals or people which are connected to the internet without human-computer

The concept of the internet of things abbreviated as IoT was introduced as early as the late 90’s by Kevin Ashton, the Executive Director of Auto-ID Labs and a professor at Massachusetts Institute of Technology. Now, “the Internet of things is already a disruptive technology capable of determining fundamental changes that are happening in everyday life, and it is considered the fourth industrial revolution.” (Hucanu) The Internet of Things (IoT)