'Internet of things' privacy concerns will be a real issue in the post MWC 2014, we're connected to the Internet through a variety of ways via the 'Internet of Things' and it appears cheap computers will be analyzing our data in order to enhance the lives of consumers. There will be a growing debate as to how much information can be revealed and the guarantee of privacy issues.
Interconnected products point to growth, particularly in the wireless industry since sales of smartphones have already saturated the market. This is why big majors like Apple are looking East to China and India to sell more iPhones, even if the margins are lower.
Automobile manufacturers are capitalizing on smooth navigation and hands-free devices as AT&T and IBM are working together to outfit citie with computers and sensors in order to create an integrated system of communication between traffic lights, parking meters, and water systems.
Other complications to "Internet of Things" include driving motivation among consumers, municipalities, and businesses. The most sensitive part of this discussion the security and privacy as is the case with health insurance firms that are ready to pounce on fitness data to set premiums in accordance with private information.
These are examples that explain the above concept from an MSN article titled, 'Promise and Peril in an ultra-connected world:'
Cityzen offers connected fabrics with data sent to a smartphone app via Bluetooth and the firm employs athletes to give its fabrics a work out. Cityzen's international managing director Gilbert Reveillon said a U.K. car insurance company and Chinese hospitals have expressed interest in Cityzen's fitness data. Health information can provide the right kind of info about your capacity to drive and call for an ambulance.
The concern over security breaches is real and seems to be a threat that is ongoing as online use of credit and debit card numbers at big name retailers like Target are compromised.
On the topic of security, Harvard University's Professor of Law, Jonathan Zittrain noted, "it's difficult for people to say no when presented with immediate benefits because any potential problems are vague and years away."
