Main Challenges Facing the Internet of Things (IoT) Industry

Internet of Things isn’t an idea anymore as more and more countries get involved in IoT applications and large-scale implementation. IoT is connecting an increasing number of devices every day and keeps improving regularly with the best technological updates. Up until now, professionals believe that via IoT, more than 60 billion devices will be connected by 2025! Internet of Things has the potential only transform the world by how every individual performs various day-to-day tasks.

Some of the most practical examples of IoT near you could be a smart home that’s equipped with an array of sensors, devices, and other equipment to assist modern lifestyle. With IoT, monitoring day-to-day activities and generating insights into individual behavior becomes easier. But, there are various challenges currently facing the IoT world.

Dealing with IoT Privacy/Security Issues

There’s no one-size-fits-all solution for any IoT security or privacy issue. In reality, the issues and security concerns keep increasing and becoming a bigger threat to the IoT development in the future. Check out the latest hurdles in the progression of IoT on a global scale.

Excessive Amount of Data

First and foremost, the amount of data that millions of IoT devices generate are too much. Some of the federal authorities in major countries have even presented reports on the matter saying that a huge number of households generate millions of data points via IoT implementation leading to hacking vulnerabilities in the system. If hackers were to find their way into a single IoT network that comprised such as huge amount of data, it could result in wide disruptions and privacy issues.

Undesired Public Profiles and Info

When you’re connected to multiple IoT devices, you’re generating a lot of personal and insightful data that could be used unethically and against you by the majority of the companies. For instance, how many times have you actually read the terms and conditions before signing up for an IoT device application?

The service provider might utilize the data you generate to notice patterns in your habits and then sell the insightful data to the highest bidders in the market such as multinationals. While the whole process seems unethical, strict regulations are required to prevent that from happening.

Eavesdropping and Hackers

All hackers require is a swift network that connects them to their target. Plus, with thousands of households and individuals connected via multiple IoT networks present countless opportunities for hackers to eavesdrop on their data. Scammers, hackers, and fraudsters can use tricks and infiltrating techniques to intercept the IoT networks around them and encrypt sensitive user data to exploit later.

Conclusion

Acquiring major IoT devices isn’t everything. If you’re connecting your household, car, and lifestyle to an IoT device, you must make sure that security is top-notch. Due to 24/7 availability and online activity of IoT devices, hackers have all the time in the world to come up with creative ways to threaten users’ personal and sensitive data. That’s why you should make sure to talk to the right online security and IoT device specialist before purchasing them.