Frost & Sullivan has released a new report that predicts that the average person will own more than 20 connected devices by 2030. Those devices will be part of a massive global network of more than 200 million devices.
Of course, the astronomical scope of that network will create new privacy and security challenges for technology providers. With that in mind, Frost & Sullivan suggests that strong cybersecurity should be a built-in feature of every IoT product, and that companies should take a similarly holistic approach to their own organization. Security best practices should be woven into the entire enterprise and deployed for employees in every department.
To reach those goals, Frost & Sullivan advises companies to invest in AI and blockchain startups that are developing technologies that can help address future cybersecurity threats. The report itself is part of Frost & Sullivan’s Visionary Innovation Growth Partnership Service program.
“Artificial Intelligence will emerge as the new frontier of privacy and cybersecurity,” said Visionary Innovation Research Consultant Vinay Venkatesan. “Additionally, boundaries between work and home continue to blur. Every connected device in a smart home, enterprise or city will be a potential access point to our most sensitive and personal data, making mass non-consensual data collection feasible and cybersecurity all the more vital.”
According to Venkatesan, there will be at least 26 full-scale smart cities by 2025, many of which will be located in Europe and North America. In addition to AI and blockchain, he identified data de-identification, encryption, biometrics, and automation as some of the key technologies that will help enterprises deal with the anticipated security obstacles.
The new report arrives a few weeks after a separate Frost & Sullivan report that predicted that expanding IoT networks would be one of the key factors driving the growth of the biometrics market in the next few years. IoT security has become a major priority for many technology providers, with companies like Thales and Nok Nok Labs already releasing new solutions in the first few months of 2020.
April 15, 2020 – by Eric Weiss