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Internet of Things - The Roulette Game of the Decade

And as far as whether Nest is an unusual instance, unfortunately, the IoT is rife with security problems

Two stories on the Internet of Things (IoT) caught my eye this week.

First, IDC’s prediction that the IoT market will balloon from US$1.9 trillion in 2013 to $7.1 trillion in 2020.

Second, the fact it took hackers 15 seconds to hack the Google Nest thermostat – the device Google wants to make the center of the IoT for the home.

roulette
These two stories aren’t atypical, either.

Gartner has similarly overblown market growth predictions, although they do admit a measure of overhypedness in the IoT market (ya think?).

And as far as whether Nest is an unusual instance, unfortunately, the IoT is rife with security problems.

What are we to make of these opposite, potentially contradictory trends? Here are some possibilities:

Read the entire article at http://www.devx.com/blog/agile/internet-of-things-the-roulette-game-of-the-decade.html.

Image credit: Heather Clemons

More Stories By Jason Bloomberg

Jason Bloomberg is a leading IT industry analyst, Forbes contributor, keynote speaker, and globally recognized expert on multiple disruptive trends in enterprise technology and digital transformation. He is ranked #5 on Onalytica’s list of top Digital Transformation influencers for 2018 and #15 on Jax’s list of top DevOps influencers for 2017, the only person to appear on both lists.

As founder and president of Agile Digital Transformation analyst firm Intellyx, he advises, writes, and speaks on a diverse set of topics, including digital transformation, artificial intelligence, cloud computing, devops, big data/analytics, cybersecurity, blockchain/bitcoin/cryptocurrency, no-code/low-code platforms and tools, organizational transformation, internet of things, enterprise architecture, SD-WAN/SDX, mainframes, hybrid IT, and legacy transformation, among other topics.

Mr. Bloomberg’s articles in Forbes are often viewed by more than 100,000 readers. During his career, he has published over 1,200 articles (over 200 for Forbes alone), spoken at over 400 conferences and webinars, and he has been quoted in the press and blogosphere over 2,000 times.

Mr. Bloomberg is the author or coauthor of four books: The Agile Architecture Revolution (Wiley, 2013), Service Orient or Be Doomed! How Service Orientation Will Change Your Business (Wiley, 2006), XML and Web Services Unleashed (SAMS Publishing, 2002), and Web Page Scripting Techniques (Hayden Books, 1996). His next book, Agile Digital Transformation, is due within the next year.

At SOA-focused industry analyst firm ZapThink from 2001 to 2013, Mr. Bloomberg created and delivered the Licensed ZapThink Architect (LZA) Service-Oriented Architecture (SOA) course and associated credential, certifying over 1,700 professionals worldwide. He is one of the original Managing Partners of ZapThink LLC, which was acquired by Dovel Technologies in 2011.

Prior to ZapThink, Mr. Bloomberg built a diverse background in eBusiness technology management and industry analysis, including serving as a senior analyst in IDC’s eBusiness Advisory group, as well as holding eBusiness management positions at USWeb/CKS (later marchFIRST) and WaveBend Solutions (now Hitachi Consulting), and several software and web development positions.