Originally published on IoT Agenda by TechTarget.
The internet of things is quickly becoming the next frontier of technological innovation for consumers, businesses, industry and governments. Gartner predicts that by 2020, IoT technology will be in 95% of electronics for new product design. However, the same Gartner study that published the former prediction also suggests that “through 2022, half of all security budgets for IoT will go to fault remediation, recalls and safety features rather than protection.” That’s a big “but” for those who embrace the benefits of IoT, which are many, begging the question: Why aren’t governments and regulative authorities doing anything about it?
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