Glovators

privacy and security will be cutting edge fields for new research and practices in a brave new world of social science imho

yes of course, major concern.

The ability to dictate what you can share and for how long needs to be included in data

huge challenge that needs to be resolved, i also submit that the notion of privacy will evolve, in the same way that it has with Facebook, snapchat, gmail

Yes. Standards, Security and Privacy are all key areas to get right to ensure wide adoption and greater value

we offer our personal details in exchange for services

this trend will continue

I see federal regulations stepping up in this area

Security is fundamental for success in #IOT

Although ofcourse many of us just sign up to agreements without a thought .....

there needs to be an easy way to grant and revoke permission to data

@peter_ryans right. we tend to be willing to give up privacy if there are good returns

this is something IBM and others are working on

major concern, as privacy becomes almost obsolete in sharing so much data over such a broad spectrum. Definite opportunity for business revolving IoT security

Ryan brought up identity in the other thread and this issues of identity will be a huge factor in privacy of #iot ..notion of discovery will be very important variable

More data, more hackers going after it, I suppose. IoT companies, big or small, need to be responsible with user data.

the challenge is the sheer scale of IoT, and the complexity of the data and the speed in which the participants are entering the ecosystem

Without secure #IOT applications, trust wont exist and therefore adoption is not achieved. For example the hacked connected cars in the US recently?

Security through transparency. Consumers should know what they are giving up.

Security especially important in the automation and control applications of #IOT

being able to track data from inception at the end point and follow it as it gets transacted upon by all the various down stream systems is a must. restraints and contstraints are a must

which means cooperation and standards

Good points around standards. Standards make addressing security concerns easier for all

A video I often use in my presentations while talking about IoT security (or the lack of it): https://www.youtube.... Created by an insurance company :)

right now everyone seems to be cooperating, because IMO it's needed. I fear that soon the knives will come out and silos will be raised

@veena decentralized security models - a trustless model will likely work here

anyone every heard of #blockchain ???

@peter_ryans you mean that bitcoin thing :)

@peter_ryans Yes research shows millenials are now prepared to share personal data in return for services in a way others have been reluctant to do

@peter_ryans yes blockchain will be a big part of peer oriented transactional systems.. isn't IBM making their own blockchain and opensourcing it WSJ reported that

Blockchain-based systems could help radically improve whole industries, beginning with banking and insurance

@peter_ryans Important to me to prevent this happening is Open Standards to prevent silos in #IOT

yes indeed. Veena who is chatting with us is an expert

google "Device Democracy" and read her IBV report written last year around this time

the block will transform real estate in 3rd world countries as well

@peter_ryans awesome we should do a separate chat with Veena on this topic - it's (blockchain) exciting one and important technology

#IoT Security Most Relevant: http://radar.discove...

over 10T in land ownership could be unlocked via the block - allowing lenders the ability to use as collateral. those owners would start businesses with loans against their property - all because of the #blockchain

Veena is the expert! She's in high demand to speak on this topic and others like #iot

read about blockchain for IoT at https://ibm.biz/devi...

@DPjrd great point on security aspect -- so many new possibilities that I feel like something new will be unleashed that no one will see coming

Veena great topic lets do more chats on blockchains - one of our fav topics at SiliconANGLE

http://www-935.ibm.c... is a phenomenal piece of work, that IMO spawned a whole industry

the possibilities are fascinating

#BlockChain http://www.level39.c... @level39

#BlockChain http://gendal.me/ @glendal

Multiple ways to monetize #IoT: Sale of HW/SW, rental/subscription, freemium, ad supported, value-added services. Typically combinations of these will be used.

It starts with the data ingestion capability then insights which can be application specific. Monetizing the data will come from the resulting benefit such as speed to insight or speed to valye

#IOT enables the manufacturer to enhance their product with a service model , increasing revenue and profit

#IOT also enables service providers to provide a more responsive service at lower cost & higher margin

The question everyone is asking right now. Ability to analyze data to reduce downtime, make operations flow more smoothly is how industrial industries will benefit

#IoT enables a company/service to have a broader connection to the world around them, thus deepening the value of data. That data can turn into a stream of profits when analyzed and put to work

#IoT will connect customers with goods and service providers. The providers will pay the companies providing the platform/hardware

agreed, multiple ways. start small, look for symmetry with existing products and businesses

Find out at the upcoming "Business of Things Jam" Register at https://ibm.biz/busi...

#IOT enables the manufacturer to do preventive maintenance on their product at a time and place of their of their customers choice

but don't overlook transformational opportunities

Improvement in design of their products through #IoT feedback on current design

the use cases are widely mentioned - each organization needs to align with business strategy

Key to #IoT monetization is the data - the new oil that can be distilled into any number of other products - analytics to extract and process

it's hard to see #iot as transactional revenue model verses an enabler which it can impact the creativity of the solution it can power

successful IoT projects typically are successful if they are able to increase rev, streamline opps, reduce cost, save time, increase visability

@peter_ryans if they don't do one of those things then monitization is unlikely

@SimonARBaker Data is valuable, yes, but let us not forget the value that the service itself provides.

A service provider can use #IOT to deliver a unique service - disrupting incumbents #glovators

@IoTBLR the more data that is produced, the more likely the value of that data reduces. macro principals suggest this

@IoTBLR the services that are enabled via the data is where the value resides

@SimonARBaker Yes agree - its about the data and how you analyse it and act on it that brings the business value of #IOT

@IoTBLR Data would be a product of the service and also aggregated from devices as well as other sources (engagement)

@peter_ryans True!

Monetize thru ease of payments: #Payments http://radar.discove...