What is Internet of Things

Risk Group Founder, Jayshree Pandya PhD discusses “Internet of Things” with Maarten Ectors, Vice President at Canonical Limited based in United Kingdom.

 

Overview

There is a growing excitement that “The Internet of Things (IoT)” will bring nations “the next industrial revolution” because of the way it will transform the way, we the people, will live, work, entertain, shop, and travel, as well as how nations: its government, industries, organizations, and academia (NGIOA) will interact with each other, within and across nations boundaries in cyberspace, geospace and space (CGS).

There is a growing belief that the revolution is already here. Irrespective of whether the revolution has already begun or will begin in the coming years, one thing remains certain –it will bring each nation: its government, industries, organizations, academia and individuals (NGIOA-I), each one of us great promise as well as great peril.

When physical objects, from across industries, businesses, homes, and entire human ecosystem in CGS become embedded with sensors and gain the ability to communicate through connected computers, the new information networks will need to create new integrated: governance models, business models, technology, business processes, and way of doing things. While this will likely reduce costs, increase speed, efficiency, and bring new opportunities for NGIOA-I, it is also expected to create many new risks and bring each NGIOA complex challenges.

IoT is expected to fundamentally change the way each NGIOA operates and does things. The, governance, management, and business models that are currently based on largely stationary and silo information architectures, will fundamentally face complex interconnected and integrated challenges, as new ways of creating value will emerge across NGIOA in the coming months and years.

Of all the technology trends that are taking place right now, the IoT brings NGIOA the most complex challenges for which perhaps no nation is prepared for. While the Internet of Things has great promise; the business, policy, governance, security, privacy, operational and technical challenges must be tackled before these systems are widely embraced.  Now is the time for decision makers across NGIOA to structure their thoughts about the potential impact, opportunities and risks likely to emerge from the Internet of Things.

 


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About the Guest

Maarten Ectors is the Vice President at Canonical Limited based in United Kingdom.

About the Host of Risk Roundup
Jayshree Pandya (née Bhatt) is a visionary leader, who is working passionately with imagination, insight and boldness to achieve “Global Peace through Risk Management”. It is her strong belief that collaboration between and across nations: its government, industries, organizations and academia (NGIOA) will be mutually beneficial to all—for not only in the identification and understanding of critical risks facing one nation, but also for managing the interconnected and interdependent risks facing all nations. She calls on nations to build a shared sense of identity and purpose, for how the NGIOA framework is structured will determine the survival and success of nations in the digital global age. She sees the big picture, thinks strategically and works with the power of intentionality and alignment for a higher purpose—for her eyes are not just on the near at hand but on the future of humanity!
At Risk Group, Jayshree is defining the language of risks and currently developing thought leadership, researching needed practices, tools, framework and systems to manage the “strategic and shared risks” facing nations in a “Global Age”. She believes that cyberspace cannot be secured if NGIOA works in silo within and across its geographical boundaries. As cyber-security requires an integrated NGIOA approach with a common language, she has recently launched “cyber-security risk research center” that will merge the boundaries of “geo-security, cyber-security and space-security”.
Previously, she launched and managed “Risk Management Matters”, an online risk journal and one of the first risk publications, publishing “Industry Risk Reports of Biotechnology, Energy, Healthcare, Nanotechnology, and Natural Disasters” over the course of five years. Jayshree’s inaugural book, “The Global Age: NGIOA @ Risk”, was published by Springer in 2012.

About Risk Roundup

“Risk Roundup” is an “integrated strategic security risk dialogue” for nations: its government,  industries, organizations and academia (NGIOA) in cyberspace, geospace and space (CGS).Risk Roundup is released in both audio and video format and is available for subscription at (Risk Group WebsiteiTunesGoogle PlayStitcher RadioAndroid, and Risk Group Professional Social Media).

About Risk Group
Risk Group believes that risk management, security and peace walk together hand in hand. Though security is related to management of threats and peace to the management of conflict, risk management is related to management of security vulnerabilities as well as management of conflict, and it is not possible to conceive any one of the three without the existence of the other two. All three concepts feed into each other. Risk Group believes that the security we build for ourselves is precarious and uncertain until it is secured for everyone across nations. Tradition becomes our security-so if we build a culture of managing risks effectively it will lead us to security and security will lead us to peace!

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