Management Insights

Securing the Internet of Things Opportunity: Putting Cybersecurity at the Heart of the IoT

Point of View

The potential trillion dollar Internet of Things (IoT) business opportunity rests precariously on one critical factor – security. 71% of executives in our survey agreed that security concerns will influence customers’ purchase decision for IoT products. However, despite increasing cyber attacks and ample warning from security experts, most organizations do not provide adequate security and privacy safeguards for their IoT products. In fact, only 33% of IoT executives in our survey believe that the IoT products in their industry are highly resilient to cyber security attacks. Further, despite rising consumer concerns regarding data privacy, 47% of organizations do not provide any privacy related information regarding their IoT products.

So, why are organizations lagging behind in securing their IoT products and systems? Key reasons for this include an expanded attack surface, inefficiencies in the IoT product development process, and the lack of specialized security skill-sets. For instance, our survey showed that only 48% of companies focus on securing their IoT products from the beginning of the product development phase. Building a secure IoT system begins with the recognition that security needs to be as much of a priority as the features and functionality of an IoT product. The report highlights the key measures that organizations must take in order to put security at the core of their IoT value proposition.

 

>> Digital Capabilities


Cracking the Data Conundrum: How Successful Companies Make Big Data Operational

Point of view

There is little arguing the benefits and disruptive potential of Big Data.

   

>> Digital Capabilities


The Digital Talent Gap: Developing
Skills for Today's Digital Organizations

Point of View

The War for Talent Has Gone Digital.

 
   

>> Customer Experience


Role of Digital in Media Mix

Point of View

Understanding digital marketing and getting it right.

   

>> Digital Capabilities

Using Digital Tools to Unlock HR’s True Potential
Using Digital Tools to Unlock HR’s True Potential

Point of View

The Human Resource (HR) function is at the center of sweeping changes. Digital technologies are radically impacting the manner in which employees and prospects connect and communicate with organizations.

 

   

>> Business Model


"The Vision Thing": Developing a Transformative Digital Vision

Point of View

Only the top layer of a company can create a compelling vision of the future and communicate it throughout the organization.

 

 

   

>> Digital Capabilities

 Supply Chain and Digital Maturity

The Missing Link: Supply Chain and Digital Maturity  

Point of View

A digital supply chain enables the integration of supply chain tasks and collaboration across functions and partners.

 
   

>> Digital Operations


Using Game Mechanics to Drive Digital Transformation

Point of View

Gamification Helps Overcome Key Digital Transformation Hurdles.

   

>> Digital Capabilities


Harnessing Mobility: How Mobility Acts as an Enabler for Digital Transformation

Point of view

Organizations are not leveraging the full potential of mobility.