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Internet Of Things: Benefits and Security Risks For Small Businesses

Internet Of Things: Benefits and Security Risks For Small Businesses

<p style&equals;"text-align&colon; justify&semi;">The Internet of Things &lpar;IoT&rpar; is revolutionizingand transforming our everyday lives&period; People may not realize the IoT but it is already gaining traction and slowly but steadily influencing the life of people in this highly connected world&period; Some analysts even refer this technological paradigm shift as bigger as the Industrial Revolution&period;<&sol;p>&NewLine;<p style&equals;"text-align&colon; justify&semi;">The term Internet of Things is coined by Kevin Ashton in 2009 and it means interconnection of uniquely identifiable devices within the existing Internet infrastructure&period; In simple terms&comma; the IoT is an environment where the Internet-connected sensors and devices communicate with each other in order to perform the designated tasks and its end result is efficiency&comma; automation&comma; safety&comma; and convenience&period; The concept of IoT was originally destined to encompass a method with the help of which data could be automatically gathered &lpar;at the time by RFID&comma; or radio frequency identification tags&rpar; and this concept was used primarily for the inventory purposes&period;<&sol;p>&NewLine;<p style&equals;"text-align&colon; justify&semi;">According to ABI Research&comma; by 2020 there could be 30 billion devices wirelessly connected to the Internet&period;  Further&comma; Cisco also indicated that this numbermight be closer to 50 billion in the same time frame&period; The concept of IoT is designed to help consumers reduce energy&comma; save money&comma; and eliminate some hassles of everyday life&period;<&sol;p>&NewLine;<h3 style&equals;"text-align&colon; justify&semi;"><strong>Benefits of Internet of Things for Small Businesses<&sol;strong><&sol;h3>&NewLine;<p style&equals;"text-align&colon; justify&semi;">One recent survey&comma;conducted by security software maker AVG&comma; found that many small-business owners still do not even know the meaning of &OpenCurlyDoubleQuote;IoT”&period; But&comma; this innovative concept could benefit the small businesses in following way&colon;<&sol;p>&NewLine;<p style&equals;"text-align&colon; justify&semi;"><strong>1&period; New business opportunities- <&sol;strong>The IoT does not just offer greater efficiency&comma; but it can also open the door to many new revenue streams and business opportunities that entrepreneurs can seize upon&period; It has potential to change the way small businesses approach the world&period;<&sol;p>&NewLine;<p style&equals;"text-align&colon; justify&semi;"><strong>2&period; Real-time operations in more efficient manner- <&sol;strong>With the help of IoT&comma; small businesses are able to connect more devices to the Internet that will provide businesses ability to strengthen the efficiency and effectiveness of their business operations&period;<&sol;p>&NewLine;<p style&equals;"text-align&colon; justify&semi;"><strong>3&period; Effective and efficient working- <&sol;strong>Since the price of devices comes down&semi; it is likely that most of the firms will eventually be &OpenCurlyQuote;IoT’ enabled&period; But&comma;the small businesses must get their data in order first&comma; because&comma; it generates enormous amount of information&comma; as the IoT is very much linked to the big analytics and data&period; Thisenormousdata amount is seeing increasing use of cloud&comma; making Internet of things more accessible for the small businesses&period; Consequently&comma; the opportunity lies in making it more effective and efficient&period;<&sol;p>&NewLine;<h3 style&equals;"text-align&colon; justify&semi;"><strong>The Security Risks with IoT Devices<&sol;strong><&sol;h3>&NewLine;<p style&equals;"text-align&colon; justify&semi;">As with any internet-connected device&comma; IoT gadgets and appliances have potential security vulnerabilities&period; In January 2014 global Internet of Things cyber-attack&comma; hackers compromised more than 100&comma;000 everyday smart devices of consumer and used thesesmart devices to launch more than 750&comma;000 malicious email communications in attempt to increase the size of their botnet&period;<&sol;p>&NewLine;<p style&equals;"text-align&colon; justify&semi;">The more online data collectioninevitably means there is greater potential for the cyber criminals to hack into online data collections and steal sensitive and valuable business information&period; Therefore&comma; small businesses also have to think about the security implications of the &OpenCurlyQuote;IoT’&period; The small businesses can take help from information security companies that help to completely eliminate the risk of data theft&period; These IT security companies use their advance tools to save the precious data of small businesses so that their business proliferates with great pace without any security threat&period;<&sol;p>&NewLine;<p style&equals;"text-align&colon; justify&semi;"><strong>Author Bio –<&sol;strong>Neha is an info-sec expert&comma; serving the industry since more than half a decade&period; She has been working with an information security company in India&period; Neha like to share her testing experience with the world through articles and blogs&period;<&sol;p>&NewLine;

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