The IoT represents a unique set of challenges that pose a real threat to its utility as an engine of economic growth. Fortunately, the problems encountered so far are solvable, although it will probably take some time to determine exactly how to handle them and what level of optimization is needed for the multiple IoT services that are certain to arise.
IoT Systems Development
In standard IT operations, the slow pace of product development hampers productivity. In the IoT, however, the sheer speed at which systems and standards are evolving is what complicates matters, particularly when it comes to security. According to a recent study by the Ponemon Institute (registration required), 72 percent of senior IT professionals say the rate of IoT technology and standards development is complicating efforts to secure devices and applications, while 94 percent say this could lead to a catastrophic breach at some point.