Privacy by design — essential for the growth of the ‘internet of things’?

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By Louise Taylor

Technology vendors such as Intel, Sony and LG showcased new wares at the recent Consumer Electronics Show (CES) in Las Vegas, intent on capturing a major share of these burgeoning markets. But amid excitement at the prospect of a world in which all manner of ‘things’ — including cars, appliances, houses and even our bodies — were connected over the internet, concerns were raised about the privacy and data security implications of this seemingly inevitable future.

The ‘internet of things’ (IoT) and its wearable technology subset are seen by many to have huge growth potential. Analyst firm Gartner predicts that the IoT, excluding PCs, smartphones and tablets, will grow to 26 billion units installed in 2020. As mentioned in my recent article on wearable technology in business, Credit Suisse suggests that the wearable technology market will grow to a substantial $50bn (£30bn) by 2018. Indeed, it’s hard to find a list of tech industry predictions for this year that doesn’t include something on the continuing rapid rise of wearable technology and/or the IoT.

As the CES confirms, many companies — from multinationals to start-ups and their backers; and not just conventional ‘tech’ firms — are already investing heavily in this area. For example, on the ‘smart’ or connected devices front, LG, Samsung and others showed a host of home and kitchen appliances that could communicate with smartphones or tablets. Car manufacturers such as BMW and Audi demonstrated their latest driverless car technology…

Click on the link below to read the rest of the Taylor Wessing briefing.