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Internet Of Things: Who Gets The Data?
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MedicalQuack
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MedicalQuack,
User Rank: Moderator
5/16/2014 | 12:18:54 AM
Data Dealers and Internet of Things
We need to license and even excise tax data sellers as here's your reality of what's out there..enjoy the video..  Here's where they are buying up your Visa and MasterCard records at the link below. 

http://ducknetweb.blogspot.com/2013/03/insurance-companies-are-buying-up.html

Two years ago I started it an "epidemic" and it's there now and said when used out of context it stands to be the greatest attack on consumers ever seen.  Walgreens itself makes a billion or more a year just selling data.

http://ducknetweb.blogspot.com/2012/11/big-dataanalytics-if-used-out-of.html

Here's a game made to bring attention to this as well.  White House report completely ignored the data selling epidemic. 

 

Charlie Babcock
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Charlie Babcock,
User Rank: Author
5/15/2014 | 3:37:14 PM
Airplane crashes result in data in public sphere. What about computer crashes?
Who owns the IoT data? What if the owner of a choke point collects data on Internet devices, without telling the owner of the devices? Will machine data evolve into public and private forms, with some operations in the public sphere yielding data that is obligated also to remain in the public sphere? Data on airline crashes is already in the public sphere under the authority of the Federal Aviation Administration. What about Internet server crashes?
johnmichaeleden
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johnmichaeleden,
User Rank: Apprentice
5/15/2014 | 2:12:12 PM
Getting security right in IOT
Chris, first of all great article.  

I think Cooper is right.  As a product strategist and former infosec consultant (Securify, acquired by McAfee), I'd say this:  It's critical to prepare for every conceiveable hack/exploit/compromise that a truly connected world will invite.

Remember the early anti-virus SW companies?  They essentially built sophisticated alarm systems, sometimes with forensics tools and sometimes not.  And that's all they could really do because the basic architecture of the Internet was not built with security in mind.

But with IOT, bolting on alarms or creating patches after threats emerge would be idiotic.  With $100 billion in estimated annual losses due to cybercrime, we simply must learn from our mistakes.  

I applaud M2Mi for being thoughtful and proactive about security.  Let's just hope the entire ecosystem hears the message in time.    
mnamboodiri
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mnamboodiri,
User Rank: Apprentice
5/15/2014 | 10:43:04 AM
Data is becoming the center of gravity for the IoT economy
I think data is well on the way to becoming the center of gravity within the IoT economy. Even beyond the secure sharing of this data, I think the implications will be in "thin" apps, "focused" or even "disposable" devices.. In some sense, enabling a move beyond an "intranet of things' to a true "internet of things" where data sharing drives even more interesting use cases..
IoT_People
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IoT_People,
User Rank: Apprentice
5/14/2014 | 5:28:39 PM
I got the data. What does it mean...?
Incentivizing the data is going to be tricky on both sides.  For example, offering a discount in exchange for certain behaviors may turn out to be spurious at best.  Often times, the IoT or M2M data stream will be a first look at a process and that look may well be a surprise!  The initial scarcity of data, where the experiment sample size approaches N=1 will make opting in to a data stream an act of philosophy rather than science.

Eventually, the data becomes aggregated with enough samples that conclusions, discounts, and penalties can be applied.  Behaviors and process will be shaped when that data is dense enough to see the special cause when it shows up.

 
Shane M. O'Neill
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Shane M. O'Neill,
User Rank: Author
5/14/2014 | 12:58:58 PM
Don't tell me you don't have the data
Even back in the day when data collection wasn't ubiquitous, I knew somebody was lying to me when they said "We just don't have that data." Now it's almost insulting to say that. 
Laurianne
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Laurianne,
User Rank: Author
5/14/2014 | 10:34:41 AM
Insurance data implications
Great questions, Chris. I think about how IoT and big data will reshape the insurance industry. As a consumer, I assume the whole dynamic will change because so many of the "unknowns" will disappear.   Insurance companies will fight hard for every scrap of data they can get, understandably. Their partners may not have the incentive to share.


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