IoT Security and the Cost-to-Care Ratio

2018-10-09T12:10:35+00:00

Here, we take a closer look at IoT security in terms of the "Care-to-Cost" ratio - e.g. are manufacturers and product developers prepared to pay more (at least 25% more) to increase security in their offerings and are consumers willing to shell out for enhanced security? The further we travel into IoT territory, the more the potential for innovation becomes apparent. According to latest estimates, 25 to 50 billion devices will be connected through IoT by 20201,2. This journey isn’t without its challenges – particularly in terms of security.  There can be no denying the need to tackle spiralling data and privacy concerns.  But – as always – the bottom line is cost and demand; the “Cost to Care” ratio, if you will. This term came to prominence when Boston-based information services [...]

IoT Security and the Cost-to-Care Ratio2018-10-09T12:10:35+00:00