Your fitness tracker, smart thermostat, and home security system are all part of the Internet of Things (IoT)—or, in simple terms, devices equipped with technologies that connect the digital and physical worlds. For consumers and businesses alike, the IoT has provided seamless experiences, and its potential is immense: By 2030, McKinsey estimates that it could enable $5.5 trillion to $12.6 trillion in value globally. But there several factors inhibiting wide-scale IoT adoption—and chief among them is cybersecurity risk. A new article from senior partner Mark Patel and co-authors uncovers what will be required to build a shared cybersecurity responsibility model. Dive into these insights for the latest on the IoT, cybersecurity, and how the convergence of the two could be key for applications in automobiles, healthcare, and more.
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