The Future of the Internet of Things

By 2020, there is expected to be nearly 21 billion internet-enabled "things." Given the unprecedented amount of personal and private data these devices will generate, many in the tech community are beginning to worry about the security implications of having everything connected. Do the benefits outweigh the risks? On August 24, join us at Digital Fight Club powered by Accenture Digital, where two of the brightest internet-connected bulbs in the tech community will debate the future of IoT given the security and data privacy risks it poses to consumers.

In our first fighter profile, we explored the merits and potential misuses of big data. Given companies’ abilities to track, measure and analyze massive amounts of data, we’re excited to see digital marketing strategists Dina-Light McNeely and John Keehler face off at Digital Fight Club to decide once and for all: is big data good or evil?

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IoT is a thing?

Much like big data, the internet of things (IoT) is quickly becoming a technological force to be reckoned with. For those of you thinking “Hmmm… technological force to be reckoned with… sounds important, but what the heck is this so-called ‘internet of things’?” let me break it down: The internet of things is the concept of connecting devices that can access the internet (think cell phones, your home security system, that connected cold brew coffee maker you bought last Christmas, etc.) and thereby gather and exchange data with each other and with people.

The crazy thing about it though is that the internet of things goes way beyond the consumer products we use at home. From applications in aerospace and defense to energy and healthcare, the internet of things is helping revolutionize how companies do business and compete on a global scale.

But why now?

Let’s start with some context: Over the past twenty-some-odd years, mobile devices have exploded, computing technology has become significantly faster and the costs of hardware have decreased. When paired with advances in other areas such as cloud computing and data analytics, these trends have created an environment where companies who adopt IoT-powered operations processes can realize incredible economies of scale. 1 

As a result of this widespread adoption, there will be an estimated 6.4 billion internet-enabled “things” this year. By 2020, that number is expected to be nearly 21 billion.2 However, with all of these “things” talking to each other and making decisions in cyber space (essentially generating an unprecedented amount of personal and private data), many in the IoT community are beginning to worry about the security implications of having everything connected. 

At Digital Fight Club powered by Accenture Digital, we’re excited to welcome two of the brightest internet-connected bulbs in the tech community as they debate the future of IoT given the security and data privacy risks it poses to consumers. Do the benefits outweigh the risks? Will the challenges facing the industry be its downfall, or will they be a speed bump on the road to innovation in the space? Join us August 24 and get your tickets today!

Get your tickets!

In the first corner is Nathan Huntoon

Nathan Huntoon loves engineering, science and solving problems. As a Principle Engineer in Pepsico’s automation group, Nathan is a guy who believe that engineering is an inherently creative exercise, and finds creating new solutions using an understanding of science and firm engineering principles immensely satisfying.

And in this corner is Scott Harper

Scott Harper is the Founder and CEO of Dialexa, an internationally acclaimed technology and product development company, headquartered in Dallas, Texas. The company helps organizations, government agencies and businesses conceptualize, design, engineer, and launch innovative and high-quality products and solutions.

Scott and Mark Haidar formed Dialexa in 2010. A global product-focused technology development shop and consultancy upon recognizing a huge market demand for innovative and scalable technology solutions.

The Fight...

Nathan: The benefits for consumers from IOT devices are currently outweighed by the poor security and privacy frameworks used to secure the unprecedented amount of private data generated.  As consumer awareness to the dangers grows, the IOT industry must re-evaluate its priorities to secure its future.

Scott: Security and data privacy surrounding IoT is merely a speed bump on the road to innovation in the space. The challenges in this space are not dissimilar to those we face every day with the current Internet and technology. People that think this could be the downfall of the space are the same people that are sitting at home with their tin foil covered windows and their pet rock talking about how they believe Throw Back Thursday was devised by the NSA in order to get people to upload and catalogue pictures of themselves that didn't yet exist on the Internet due to their age.

Sources:

1, 2 eMarketer, The Internet of Things: Investmenet, Growth and Industry Outlook


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