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Preparing Organizations for the Internet of Things Ecosystem

The IoT (Internet of Things) ecosystem is gradually altering people's impression of their lifestyle, work, and even holidays. Communication between businesses and their external environment has been greatly influenced by IoT. This system has affected business environments in various forms; including the introduction of smart sensors for agricultural, manufacturing, as well as the oil and gas sectors. This technological improvement has gained grounds in different areas and in our everyday activities – Linked cars, pairing of beacons with mobile apps and digital signage for smart restaurants and smart store, household devices linked to the net, connected airlines and hotels, smart cities, and technological improvement in healthcare.
To move along with this current technological stride, business executives are bracing up for the challenges that comes with the "connected Enterprise," as it introduces more cloud apps, mobile workers, IoT gadgets, and the quest for larger bandwidth as well as a fast, reliable, and secured network connection. There are endless and fast-paced possibilities.
Chief Executives Braces Up for IoT
With the introduction of more IoT opportunities, businesses are beginning to understand that they have to acquire enough IoT-based knowledge for them to successfully utilize these opportunities to their advantages.
To effectively understand how IoT can impact these businesses, C-Level officers are thinking of how they can effectively integrate Internet of things into their operations. The Framework based on the CEO's Guide to Securing the IoT includes:
  • Risk assessment
  • Data and device security
  • Organizing IoT scheme and security
  • Recognizing legal and regulatory concerns
A publication in Gartner prescribes the following tips for the assessment of risks in the present digital revolution:
  • Concentrate on identifying the good and the bad risks instead of high and low risks.
  • Concentrate on risk appetite and related value of a business goal in the analysis of risk treatment alternatives.
The aim is on establishing security from the scratch and infusing it into IoT existing systems – and from all indications, it seems the CEOs are set for this great digital leap. According to the publication, 83% of businesses executives are beginning to rate speed over risk management.
Flexibility of the Network’s Edge
For any meaningful usage and development of IoT service, cloud-based instruments are highly necessary. This will help the network's edge to be fully used and linked to other resources; building an Elastic EdgeSM, giving room for the flexibility of the network, for the attainment of these evolving IoT business demands and bringing together on a common platform things like digital signage, kiosks, sensors, cameras, people, vehicles and lot more.
On big difference between the present and past WANs is the manner in which they are built and used. In recent times, WANs are been built to correlate with the Elastic Edge – where an organization’s dedicated network can develop and evolve at their pace. Enterprises can now buy a network service that allows for flexibility of network services based on subscriber’s wish. With this concept, organizations only pay for the services used - a far cry for the conventional personal set up and static way of building up a network. This is a fast movement towards a system where a company's network can be tailored to meet their specific elastic network demand.
With the present raves about IoT and the need for organizations to disseminate information within network-connected devices over the internet, the Internet of Things ecosystem will continuously rely and succeed on a consistent network connection. These has led to the increasing adoption of 4G LTE network and crave for even more speed. Just a few years from now, these organizations will be depending on 5G as it will become the primary network for IoT.