Are you prepared for the risks that IoT might bring?

For many IoT solution providers, the management of third parties and the risks of the IoT value chain have become a boardroom issue. What we’ve seen up to now is that all too frequently IoT risk management concepts and strategies remain as just a concept. Despite technology to support the IoT being deployed horizontally, a fully integrated risk management strategy may need to go vertically. Digital innovation with IoT data is the future of risk management. Many times this results in an excessive focus on monitoring devices as primary elements for risk management decisions, which fails to deliver complete or adequate risk management, detection, response or predictions for the whole IoT ecosystem.

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