At CTIA in New Orleans last May, Ericsson (News - Alert) held a private M2M roundtable, bringing together the best minds in the industry to discuss M2M issues. By keeping the discussion private, Ericsson hoped to cover industry insight in more detail than could be achieved in a public forum.
One subject covered in-depth during the roundtable was the concept of the “Internet of Things.” In its report on the meeting, Beecham Research identified the Internet of Things as the sharing of data across different sectors and between different devices in a way not envisioned when M2M originated.
“In the not too distant future, we will get to a point where it is more common for devices to be connected than not,” said Beecham’s report. “Connected homes and connected cars provide current early examples of the direction this is heading towards.”
According to the roundtable, the Internet of Things will utilize data from billions of connected devices, and companies will be able to capitalize on the data. For data sharing to occur, however, M2M thought leaders must develop a way to connect devices in a way that is easy, in a way that allows interoperability and in a way that is cost-effective.
Beecham cites return rates for home alarms and control products, which is about 90 percent, as evidence that interconnectivity and interoperability have a long way to go.
An additional concern regarding the Internet of Things will be the storage and protection of consumer data. In the B2B and B2C worlds, security issues involving enterprise data storage differ significantly from those involving the storage of personal data from consumers.
Also, data will have to be compartmentalized in different sectors due to different regulatory requirements. Healthcare data, for example, will have far different security requirements than automotive data. In addition to varied requirements according to sector, companies will have to address data regulations within different geographic locations and sovereignties.
“Today, the consumer doesn’t accept data usage of their own personal information, such as location data. There’s concern, there’s fear, about how my personal information, my whereabouts are being used,” reports Beecham. “In order to tap into how we utilize all that data, we’re going to have to do a better job of figuring out how to educate the consumer in particular and get them comfortable with the fact that there is security, there is privacy, and yet there’s benefit.”
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Edited by Brooke Neuman