Why The Industry Must Self-Regulate to Ensure Consumer Protection
“Sometimes when you innovate, you make mistakes. It is best to admit them quickly, and get on with improving your other innovations.” - Steve Jobs
Like any new technology or industry, IoT data will produce many benefits to both businesses and consumers. However, until we fully address the challenges ahead, it will make it much more difficult for businesses to ride the next big wave of the digital revolution. Challenges are difficult for a reason, but they also allow us to improve flaws and streamline inefficiencies. In the case of IoT data, we must recognize the first and foremost concern... and that is Privacy and Security.