From: E-Commerce Times
“It’s not clear what failure the FTC may be trying to address,” said CDI’s Daniel Castro. “Prematurely trying to write the rules of the road for the Internet of Things will likely stagnate innovation, either because companies are prohibited from pursuing certain technologies and business models, or the cost of complying with the rules becomes too burdensome.”
The explosion of the Internet of Things promises great opportunities for improving quality of life — but also for creating both seen and unforeseen dangers.
The Internet of Things, or IoT, generally refers to a network of physical objects that contain embedded technology to sense , communicate and interact with their internal states or their external environment, according to Gartner.
With IoT, sensors installed in such things as home appliances, automobiles, agricultural irrigation systems, and literally thousands of other objects can be connected via the Internet to other machines or computers. The uses of such systems are almost countless, but they include such functions as controlling energy use, providing safety warnings and operating equipment.
The Internet of Things will grow to 26 billion units installed in 2020, representing an almost 30-fold increase from 2009, according to Gartner. With a world population slightly exceeding 7 billion, there will be an average of three connected objects for every person. The physical objects encompasse in the Gartner IoT estimate do not include standard electronic devices such as laptops, tablets and smartphones, which should number about 7.3 billion by 2020.
Privacy Challenge for IoT
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