Since last 15 years, the Internet revolution has redefined the definition of business to consumer industries. These industries include financial services, media and retail marketing. In the coming 10 years, it will fix its paws over manufacturing, transportation, energy, agriculture and other industrial sectors. Together the industrial sector economy for IoT accounts for almost two third of the overall GDP. It will fundamentally transform the interaction between humans and machines.
Named by British entrepreneur, Kevin Ashton in the year 1999, IoT continues to be a mystery for many people and organizations, but it has certainly been a subject of keen interest and fascination.
Latest approach to IoT security
According to a report published by IDC, information technology research firm, a great revolution is on its way, which will act as catalyst, stirring a hike in the worldwide market of IoT from $1.9 trillion to $7.1 trillion in 2020 and the worldwide installed base will see in the year 2013 to 2020, a CAGR of 17.5%.
ABI research suggests, by 2020, approximately 30 million devices will be wirelessly connected to IoT. On the other hand, according to Gather Inc., a technology research and advisory corporation, by the year 2020, there will be nearly 26 billion devices connected.
Recently, in 2015 budget, UK government allocated 40,000,000 GBP for research into this tech revolution.
One of the problems tech companies face with IoT is how to merge OT (Operational technology) and IT (Information technology). In the world of Internet of Things, everything is interconnected to each other via a common network. For example, Ethernet switch (hardware) and laptop (hardware and software), come from two different worlds but when an ethernet switch is connected to IoT, the laptop will be automatically connected to the IoT, turning the final result a valuable element for enterprises.
The toughest challenge out of all is to secure the OT devices and keep them protected. They exist on the network but not in a secure data centre, most probably they are closed and they do not have any instrumentation to secure themselves. The same way, IT is already struggling to keep the corporate network secure. Now both are merging together, although it seems like an impossible task, but there are vendors addressing the trouble.
There are possibilities to see various orders of devices interconnected with data networks over the coming few years, because of IoT. Many of these will have no inherent security capabilities. For connecting OT endpoints fast without compromising the security of the organization and any troubles, Tempered Networks are preferred.