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How the IoT Has Ushered in the Fourth Industrial Revolution

The Internet of Things is critical in enabling technology for manufacturing and beyond.
By Steve Latham

Security Must Remain a Focus
Finally, it's worth pointing out some good news: Security in the IoT is not an afterthought; it is becoming table stakes. For sure, security has to be there, because we're talking about connected systems—using the Internet for management and control. Any time you do that, security is essential.

Early in the evolution of the IoT, it was almost the first thing anybody wanted to talk about. "How are we going to secure it? What if a hacker gets in and takes over control of a car?" And we've seen security vulnerabilities play out in the real world. Someone hacked into a casino through a smart thermostat inside a fish tank, for example. But what is currently starting to happen is that security is becoming more and more baked in; it will become less of a headline because we've proven we can make it work. For example, we talk about security in digital payments a lot less today than we did when PayPal was in its infancy.

The result is that in business-development discussions, people are talking less about security in the IoT, which can be a little scary. I think the reason it's happening is that people assume it's being taken care of since the technology is maturing—but I don't know that we should always assume that to be true. That said, I'm excited about the fact that it's becoming less of a headline. It's becoming more mature and we're not letting fears about security get in the way of adoption. That's a trend we should expect to continue to see.

Let's move forward, and let's go solve some cool problems in manufacturing through the adoption of the IoT.

Steve Latham is the founder and CEO of Banyan Hills Technologies.

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