With Internet of Things (IoT) taking the centre stage in technology debates globally, the actual relevance of it is now in question. While IoT provides huge matrix of data to drive operational value, the monetization models are yet to be figured as the industry grows.
At a recent IoT summit in New Delhi, industry experts pointed out that the rate of adoption of IoT will depend upon the level of benefit it provides to customers and manufacturers and the ease with which such technology can be implemented.
With personal experiences to share, the panel mentioned the lack of a clear cut business proposition and the high cost involved as the major challenges that companies face while adopting IoT.
In an exclusive interaction with Sarthak Dogra of News18 Tech, Ashwin Chaudhary, Director of Cyber Security, PwC, shared his thoughts on how Indian firms are looking at securing IoT.
How crucial is Cyber Security for the IoT ecosphere in India?
While there is a business value in adopting IoT as a concept, cyber security is one of the major concerns in the country.
Sometimes the impact of its relapse cannot be put in Dollar terms. We have to be ready for the worst case scenario.
How should companies go about securing their business based on IoT?
Cyber security cannot be an after measure and has to be a part of the IoT project since the very beginning. While defining an IoT related business need, they should also cater to the cybersecurity need in their business case.
In India, it is always been an afterthought after a disaster strike. You cannot make excuses. We still need to go a long way towards the proper measures to be taken for adopting IoT.
Competing on a global level where do Indian companies stand on this?
Around the globe, there have been incidents where the tech giants have been compromised. Nothing is ‘hackproof.’ If we take proper measures, we can at least aim to combat it to 90 or 95 percent. In my opinion, we are not even aiming that at present.
Comments
0 comment