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Posted November 2, 2016 in Security

Future is now: The IoT hits new heights

Only a couple of years ago, analysts and experts were predicting that the Internet of Things would be the next big trend in corporate computing and communications technology. However, at that time, no one could have known just how quickly businesses would embrace the devices and apps that fall under the IoT umbrella, and the speed has truly picked up through the first nine months of 2016. A growing majority of organizations are expected to begin utilizing the IoT for core processes and operations within the near future, and this will further revolutionize the already vastly transformed private sector. 

While there will be plenty of opportunities to improve upon performance across operations and processes, as well as gather higher quantities of valuable data than ever seen, leaders will need to take a security-centric approach to embracing the IoT. Failure to properly protect information, networks, and devices from hackers and other threats will result in a higher risk of experiencing a data breach. A similar trend was seen when enterprise mobility gained steam, as the technology and users involved quickly began to represent the biggest threat to privacy protection and information security

Again, this trend is accelerating past predictions, meaning organizations do not have much time to begin working on security and management programs for their investments into the IoT. A new report showed just how fast the IoT is spreading. 

Leaders view security as a challenge of the IoT.

Training wheels are off

International Data Corporation recently reported that the IoT is now viewed as a competitive, strategic aspect of corporate strategies among 55 per cent of respondents to a survey released in September. According to the researchers, leaders still believe that costs and security are the most challenging matters involved, but are now beginning to worry about a shortage of relevant talent in the workforce and their staff. This has been a growing fear around the globe, especially in technical areas like IT, given a widespread, intensifying skills shortage around the globe.

This is one of the many reasons why so many firms have begun to expand upon their use of managed services for key needs such as IT security and management. Still, in spite of those concerns, IDC also found that nearly one-third of respondents are already using solutions to manage the IoT, and 43 per cent are looking to do so within the next year. 

“Setting strategies, finding budgets, and supporting IoT solutions have contributed to an ongoing tussle between line of business executives (LOBs) and CIOs,” IDC Senior Vice President of Enterprise Systems Vernon Turner explained. “However, that race may be over, because in many cases LOBs are now both leading the discussions and either paying in full or sharing the costs of IoT initiatives with the CIOs.”

The analysts noted that companies are increasingly looking for solutions that can maximize the productivity-driving aspects of the IoT, as well as its ability to increase the amount of automation used. 

The IoT will cause major shifts in security best practices.

The IoT will cause major shifts in security best practices.

The IoT will cause major shifts in security best practices.

Do not forget apps

Gartner recently forecast 25 per cent of new mobile apps developed in 2018 and going forward to be specifically built for devices that fall under the IoT umbrella. Interestingly, the IoT has been somewhat of a one-trick pony, with consumers far more interested in single-function devices. However, all signs point to higher adoption of gadgets that can support third-party apps. This will have significant security implications given the need to properly manage and monitor a wider variety of apps than ever before seen in the workplace. 

However, mobility security, network monitoring, and other protective solutions can help to mitigate the threats presented by the IoT. 

Interested in learning more? Reach out to a Scalar security specialist