While most people have heard of the Internet of Things (IoT) -- a network of everyday objects with internet connectivity -- there's a lot of misinformation or lack of information surrounding this growing industry.
In order to help consumers understand, seven technology leaders from Forbes Technology Council explain what people should know about the IoT that they might not be aware of yet.
1. Devices Are Just Devices
Devices are simply devices. "The Cloud" is simply the internet. And data is always data. The IoT of things is nothing more than a new set of devices sending data to the internet, just like personal computers and mobile phones did before. If you think about it in this way, then many of the same rules of thumb and pitfalls apply. - Danny Boice,Trustify
2. Vendors Are Not Planning For The Obsolete
For example, Nest discontinued the API that powered Revolv smart-home products. The consequence was that all the devices people had bought immediately became unusable. As a consumer, you expect your fridge, TV or toaster to function for years before breaking. With IoT and the dependence on external APIs, consumers will increasingly find that their items stop working after 1-2 years. - Paulo Marques, Feedzai
3. The Concept Of Privacy By Design
The concept of privacy by design tackles the growing consumer concerns about privacy and the culture of corporate and government surveillance. Companies like Apple are combatting this by building privacy by design into their products. Techniques like 'differential privacy’ allow companies to understand how their products are used by customers while protecting individual privacy. - Tim Barker, DataSift
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