More than half of major new business processes and systems |
The nature of IoT solutions , how they are deployed , and the |
will incorporate some element of the Internet of Things ( IoT ) by |
types of data they generate and consume are giving rise to |
2020 . The impact of the IoT on consumers ' lives and corporate |
new security and privacy implications that organizations must |
business models is rapidly increasing as the cost of |
begin to address . This is a rapidly escalating risk to the |
" instrumenting " physical things with sensors and connecting |
organization , bringing complexity unfamiliar to most IT and |
them to other things — devices , systems and people — |
business leaders . |
continues to drop . |
The IoT has enormous potential to collect continuous data |
Uses of the IoT that were previously impractical will |
about our environment . The integrity of this data will be |
increasingly become practical . The IoT is relevant in virtually |
important in making personal and business decisions , from |
every industry , although not in every application . There will be |
medical diagnoses to environmental protection , from |
no purely ' IoT applications .' Rather , there will be many |
commands to modify actions of machinery to identification and |
applications that leverage the IoT in some small or large |
authorization of physical access . A black market for fake or |
aspect of their work . As a result , business analysts and |
corrupted sensor and video data will mean that data can be |
developers of information-centric processes need to have the |
compromised or substituted with inaccurate or deliberately |
expertise and the tools to implement IoT aspects that play a |
manipulated data . This scenario will spur the growth of privacy |
role in their systems . |
products and services , resulting in an extensive public |
|
Gartner has made four more predictions for the IoT :
Through 2018 , 75 percent of IoT projects will take up to twice as long as planned .
|
discussion regarding the future of privacy , the means to protect individual privacy , and the role of technology and government in privacy protection . |
Three out of four IoT projects to face schedule extensions of up to 100 percent with the consequent cost overruns . The more ambitious and complicated the project , the greater the schedule overruns . For some projects , compromises will be |
By 2020 , addressing compromises in IoT security will have increased security costs to 20 percent of annual security budgets , from less than one percent in 2015 .
As use of IoT devices grows , however , the unique requirements
|
made to keep them on-schedule , leading to significant |
of IoT architecture , design and implementation over multiple |
weaknesses in performance , security or integration into |
industry segments and scenarios will also grow . As a result the |
existing processes . In the mid-to-long term , these |
average security budget for IT , operational technology ( OT ) |
compromises will require that the IoT project be re-factored |
and IoT security requirements will respond to the growth of IoT |
and perhaps even recalled and redeployed . |
devices across all business segments and scenarios , rising |
Product-centered enterprises will be the worst affected . They |
from less than one percent of annual security budgets in 2015 |
will seek to launch smarter , connected products , although this |
to 20 percent in 2020 . |
will often be a reactive , tactical approach that seeks to address |
Major cybersecurity vendors and service providers are already |
their competition ' s IoT product . However , even for enterprises |
delivering roadmaps and architecture of IoT security , in |
conducting internally centered projects that may focus on cost |
anticipation of market opportunity . Small startups delivering |
reductions , there will be people issues . Most of these issues |
niche IoT security in areas such as network segmentation , |
will center on the normal introduction of a new technology |
device-to-device authentication and simple data encryption |
model . It will be complicated by emerging business models |
are offering first-generation products and services , including |