Learning To Utilise The Internet Of Things

Learning To Utilise The Internet Of Things – Privacy and Cyber Attacks

Privacy and Cyber Attacks

With its vast interconnected network, the IoT promises considerable advances in technology and convenience. However, the immense stores of private data may be vulnerable to cyber attacks. Therefore, if your company collects and stores customer data—such as home address, billing information, date of birth, etc—you should safeguard it against the potential threat of a data breach. And the threat is real—90 per cent of large organisations and 74 per cent of SMEs suffered a cyber security breach last year, according to government research.

If your company were to suffer a cyber attack, stolen customer information and money are not the only ways in which your company could be damaged. Your company’s reputation and public image may be diminished or lost as well. Regardless of what shape a cyber-attack may take, it reflects poorly upon your company.

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Learning To Utilise The Internet Of Things – System Failure

System Failure

While the IoT was developed in order to streamline processes, it is not infallible. The devices that are linked to the IoT are operated by your employees, who may be well trained, but are still capable of making a mistake. A mistake could cost your company time and money, or expose your company’s stores of data to cyber criminals. In addition to human error, one or more of your devices could fail, which may create a gap in one of your company’s processes. Which, again, could financially impact your company.

For both of these reasons, it is important that you properly train your employees on how to use each device, establish thorough processes in the event that a mistake is made or a breach occurs, have a robust anti-virus and privacy software installed in all your devices, and have each device regularly inspected by a licensed IT professional. (more…)

Learning To Utilise The Internet Of Things – Smart Devices

Wearables and Smart Devices

Wearables that monitor personal health data—such as a Fitbit or an Apple Watch—have become common accessories for any fitness plan or activity level. The value of these devices is in the biometric data that they are able to collect, such as tracking the number of steps taken, the amount of calories burnt and heart rate.

As an employer, the data that these devices collect may be beneficial to your company. If you offer your employees health insurance, you could use wearables as an incentive for them to participate in your health and wellness programmes. An additional benefit is that if your company were to notice an unhealthy trend amongst your employees—such as sluggishness, high blood pressure or excessive weight—you could tailor your health and wellness programme to better address the issue. Healthier workplaces translate to cost savings through reduced sickness absence and happier, more productive employees. (more…)

Learning To Utilise The Internet Of Things – Vehicle Telematics

Telematics & Usage-Based Insurance

Currently, the most common commercial use of devices connected through the Internet of Things (IoT) is for vehicle telematics. Some freight forwarding companies have begun installing the devices in lorries to track their drivers in real time to better analyse driver safety and vehicle performance.

If your company owns vehicles that are driven by employees, a telematics device may not only help improve the health and performance of the vehicle itself, but it could also reduce your operating costs as well. The device is able to achieve this through what is called ‘usage-based insurance’ (UBI).

UBI typically offers either a pay-as-you-go (PAYG) or pay-how-you-drive (PHYD) model. The PAYG models are the least invasive, using on-board devices hooked into the vehicle’s computers to calculate how many kilometres a person drives. The amount that your company may pay to insure your vehicles will then depend on the amount of kilometres that your employees have driven. However, your company may find the PHYD model to be more beneficial. (more…)