The IoT highlights the tight linkages between information security, information technology security, operational technology security and physical security like never before. Executives now face a decision regarding the future of security in their enterprise and who governs, manages and operates it. Gartner said that by the end of 2017, over 20 per cent of organizations will have digital security services devoted to protecting business initiatives using devices and services in IoT.

The IoT will bring into the digital security architecture dozens of new platform options, hundreds of variations on hybrid IT/IoT integration, new standards per industry, and a new view of an application. IT leaders will have to accommodate the differences in technologies across those areas and develop a multifaceted technology approach to IoT risk and security. In addition, with some machines producing enormous amounts of data and other sensors sending a handful of bits per day or week, IT leaders will need to balance digital business requirements with digital security realities.

“The number of connected intelligent devices will continue to grow exponentially, giving ’smart things’ the ability to sense, interpret, communicate and negotiate, and effectively have a digital ‘voice’," said Mr. Prentice. “CIOs must look for opportunities to create new services, usage scenarios and business models based on this growth.”

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