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White Paper: Security essentials for IOT deployment in Connected Spaces (Frost & Sullivan)

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Security Essentials for IoT Deployments in Connected Spaces © 2017 Frost & Sullivan. All Rights Reserved. D i g i ta l T ra n sf o rma t i o n : N o t a D e s ti n a ti o n , b u t a n Ev o l u ti o n Digital Transformation is not a destination, but an evolution from analog, people-dependent business operations, to data-enabled processes. It begins with the collection of telemetric data from sensors, devices, people, infrastructure, and processes; and continues with the consolidation of the data into large data pools (also known as 'Big Data'). Ultimately, the data is converted into actionable intelligence leveraging cloud platforms with advanced analytics capabilities. Since the process of 'digitizing the business' involves collecting and moving data in real time, highly reliable and secure components and networks to collect and exchange data are a fundamental requirement for any deployment. I o T i s th e C a ta l y s t Disruptive innovation creates entirely new markets, often transforming existing markets and displacing established competitors that are slow—or simply refuse—to adopt new ways of doing business. The Internet of Things (IoT) is the catalyst that is driving this transformation and has the potential to transform every vertical market and industry by allowing businesses to deconstruct old, inefficient processes, and reconstruct processes through technology in an efficient and reliable manner. IoT is increasingly permeating every aspect of consumer and enterprise activities. With the growth of microelectronics, ubiquitous connectivity, and predictive computing, IoT is poised for rapid growth. The future of IoT involves billions of connected devices communicating with one another, regardless of the manufacturer, operating system, chipset, or physical transport mode. While it is hard to categorize IoT as an industry, the ecosystem for IoT has evolved since the days of traditional machine-to-machine (M2M) communications. Today, IoT is about developing ecosystems that help organizations convert real-time data into actionable intelligence. E x h i b i t 1 : I o T E c o s y s t e m C o m p o n e n t s , G l o b a l , 2 0 1 7 Source: Frost & Sullivan

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