IT Leaders in SMB Fear Internet Of things

by CXOtoday News Desk    Jun 09, 2014

IOT

As the number of devices – or “things” – that connect to the Internet is on the rise, small and mid-sized companies have started to fear the impact that Internet of Things (IoT) especially from a security perspective. A recent study by for GFI Software suggests that 70% of of IT decision-makers at small-to-mid-size businesses do not believe the C-Suite will increase IT spending to provide them with the resources necessary to tackle additional security problems created by IoT – which can be dangerous for their organization on the whole.

While most of the respondents state their IT security practices needs to change as a result of IoT, there are other related concerns they believe should first be addressed. The study found out for IT leaders in small and medium entities, the flurry of mobile devices will create the maximum problems who operate within the IoT ecosystem, with over 80% of respondents chose mobile devices as their number one concern.

Read: How Internet Of Things Is Changing The Enterprise

CIOs in mid-sized organizations do not think existing anti-spam, anti-virus and anti-malware infrastructures will protect their organizations from the new endpoints created by the Internet of Things. Almost half of those surveyed said firewalls would be their top priority in an Internet of Things era, while over 35% said the need of having a mobile device management (MDM) in place. Anti-virus was cited as a top priority by less than one fourth of respondents.

According to IDC, IoT solutions will grow from $1.9 trillion in 2013 to $7.1 trillion in 2020, which is a huge leap. Technology vendors such as Samsung, Google and Apple are bringing in new and innovative solutions such as smartwatches, health and fitness tracking, connected cars and automated home that they believe are becoming a part of their lives in the coming years.

Others like Cisco, Microsoft and IBM have all recently announced significant plans to increase their Internet of Things capabilities. In March, Cisco said it would invest $1 billion to build an Intercloud network to tackle IoT challenges. IBM and AT&T also formed a global alliance to develop support for IoT. Very recently, Microsoft announced a task force dedicated solely on IoT and related technology.

According to the GFI Software considering the pace of growth of IoT solutions in the coming years, it becomes imperative for SMB decision makers to embrace the right solutions and set the right policies in place while giving utmost importance to the security aspect of IoT.