There are four interrelated categories that affect the process of standardization and its implementation, namely the platform, connectivity, business model and killer applications. The rapid rise of the Internet of Things (IoT) industry, set to be worth $20.9bn by the end of 2020, is prompting growing concern in some quarters over the lack of security and regulation surrounding IoT. Experts are calling for immediate standardisation and regulation in the industry to prevent the possible compromise of connected technology and to encourage portability, interoperability and manageability. In a report published today, Deloitte said that while there was no single solution or standard solution, it believed that “regulatory clarity around how data can be used within an IoT environment will help ensure consumers
The rapid rise of the Internet of Things (IoT) industry, set to be worth $20.9bn by the end of 2020, is prompting growing concern in some quarters over the lack of security and regulation surrounding IoT. Experts are calling for immediate standardisation and regulation in the industry to prevent the possible compromise of connected technology and to encourage portability, interoperability and manageability. In a report published today, Deloitte said that while there was no single solution or standard solution, it believed that “regulatory clarity around how data can be used within an IoT environment will help ensure consumers