Internet of Things (IoT) in a post-COVID world

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Internet of Things (IoT) in a post - COVID World
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Internet of Things (IoT) in a post - COVID World

• COVID-19 has brought the whole world in the eye
  of the storm and the impact it has had on our
  society and economy is unprecedented. It has
  driven enterprises to rethink the way they
  operate and work. 
• According to McKinsey, Before the COVID-19
  outbreak, 92 percent of companies had been
  considering digital transformation of their
  business models, but the crisis actually revealed
  how vulnerable most companies are and how
  urgently they require transformation. COVID-19
  crisis is likely to significantly accelerate the
  shift to digital and fundamentally shake up the
  business landscape. 
• The effects of the pandemic on the global
  economic recession are causing CXOs to
  prioritize spending on services and technology
  that are deemed mission-critical over
  initiatives aimed at transformation or growth.
  Investing in connected technologies is no more a
  luxury, but a necessity for survival and business
  continuity. 
• Need for resilient leadership in the face of
  COVID-19 
• It is imperative for enterprises to think ahead
  to be in a state of readiness to resolve the
  challenges due to the pandemic and protect the
  future of the business. As a business, there is
  no one size fits all solution to tackle this
  situation. 
• Phase 1 Respond in which an enterprise deals
  with the present situation and manages
  continuity.
• Phase 2 Recuperate during which an
  organization learns and emerges stronger.
• Phase 3 Flourish in which the company
  prepares for and shapes the next normal.

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Internet of Things (IoT) in a post - COVID World

• According to the latest IDC report, Across the
  world, spending on software and hardware related
  to IoT is projected to grow rapidly, from 726
  billion in 2019 to 1.1 trillion in 2023. The
  report further reveals that Asia-Pacific
  accounted for most of the spending on IoT in
  2019, with India spending 20.6 billion. 
• The rise of connected world is also expected to
  bring challenges around ensuring that privacy
  rights are respected while collecting and using
  data, the captured information is used and stored
  securely, and edge devices and sensors do not get
  hijacked or become a threat vector. 
• The IoT platform can intertwine nimbly across
  business sector platforms, raising security
  concerns pertaining to the collected information
  and effective management. The following are some
  observations per industry analysis 
• Weak authentication/authorizations
• Lack of comprehensive management
• Lack of notification
• Periodic security upgrades and increased threat
  vector
• Use of default IoT parameters
• Data portability and interoperability issues with
  vendor lock-in

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Internet of Things (IoT) in a post - COVID World
IoT as a technology has been maturing for some
time and seems poised for continuous growth
globally. This growth is expected to be driven by
industrial sectors such as utilities,
manufacturing, agriculture, and infrastructure,
that are responding to massive changes in their
operating environment.  To further accelerate
the adoption, technology providers, policy
makers, and industries need to work closely to
address the challenges.  Cignitis experience in
IoT app Testing as a Service (TaaS), a team of
IoT-skilled assurance specialists, and a robust
IoT assurance infrastructure (labs, simulators,
test racks, etc.,) support real-time quality
assurance of Big Data, Compatibility, IoT
Security, Performance, Pilot, Regulatory,
Reliability, Upgrade, Usability, and smart
devices in a dynamic environment (RFID,
Sensors).  Need help?  Talk to our IoT
Assurance experts. They will help provide a
solution to your business and will demonstrate
how to overcome several IoT challenges in a
post-COVID world.  Read more https//www.cigniti
.com/blog/internet-of-things-iot-post-covid


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