Cost Vs Benefit Vs Security: The Industrial Internet of Things

The industrial internet of things (IIoT) is grappling with an uncomfortable trade off; enhanced ease-of-use and productivity or security. In many industrial scenarios, if connectivity can improve efficiency by just a small percentage, billions of dollars could be saved. However, where there is connectivity there is a cyber-security risk. In the IIoT, where all manner of devices could be connected, each one of those devices has the potential to become a threat to the entire corporate IT network if not secured properly. The IIoT is being hailed as part of the next great industrial revolution; cyber-physical systems. Experts have predicted that the IIoT could produce as much as $14 trillion in economic gains over the coming decade. Even moderate estimates show that the IIoT will have an incredible impact on our economy. It is therefore no surprise then that businesses are racing to harness the great potential of the IIoT by developing their products, manufacturing […]

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