We have studied in brief about the disruptions in IoT and have explored how IoT has opened up various new areas for innovation. We saw how edge computing, cognitive computing, machine learning, artificial intelligence, and other disruptions have fostered new areas like autonomous cars, next-generation robotics, and genomics, but we have missed studying one vital dimension in IoT-privacy and security of the data. With great detail about the data that can help us do wonders come great threats of security and privacy. In IoT, the security and privacy requirements are paramount. There cannot be any compromise in the IoT ecosystem to leverage the benefits to mankind. A small loophole is enough to cause a disaster to large organizations, governments, and individual citizens.
Exposing the data in an IoT system will make the system vulnerable to cause disasters to mankind. A user's medical data and digital data is extremely sensitive and confidential and cannot be leveraged...