New research has shown that the number of internet-connected devices exceeds the number of humans on the planet by over two times. The data from Juniper Research was revealed in a report titled The Internet of Things: Consumer, Industrial and Public Services 2015 – 2020. The number of internet-connected devices is expected to rise to 38.5 billion by 2020.
Research shows that while smart devices in homes are currently the most popular, it is devices in the industrial and public services sector that are expected to rise in number over the next five years. More businesses are opting to use internet-connected devices to improve their services, Michelin being one example.
Research showed that while the number of internet-connected devices is already at a high, most enterprises have yet to connect their devices.
Steffen Sorrell, senior analyst with Juniper Research, said: “The IOT market is still at an early stage – knowing what information to gather, and how to integrate that into back office systems remains a huge challenge.”
He added that “for most businesses, the challenge right now is to adopt a connected strategy – knowing which elements of the business requires greater insight, linking that with cloud computing and big data services.”
“Direct challenges include system integration, concerns with device interoperability and ensuring end-to-end security,” he said.
Sorrell also stated that security is an issue when it comes to organisations using IoT devices.
He said: “As more and more devices come online, it becomes increasingly difficult to prevent breaches from cyber-attacks, particularly when one considers the sophistication of present-day attacks, software vulnerabilities and human error, not to mention the fact that IOT devices will be expected to be security-robust for several years.”
According to Sorrell, tackling cyber-attacks on IoT devices will require “detection of breaches and the ability to prevent their spread rather than simply trying to keep all attackers out.”
“For service providers and stakeholders, maximising the IOT will require an acceptance that owning the end-to-end is not possible – collaborative, open approaches are a must,” he added.