The term “the internet of things” was coined by Kevin Ashton in 1999. Some people may argue that the benefits of connecting systems started a long time prior to the late 1990s. The promise of remotely managing systems and gaining quicker real-time insight into – and potentially adjusting the functionality of –equipment has been the subject of many investor pitches.
Of course, hackers can more easily access connected systems and cause mischief, destruction and extortion. As a James Bond fan, I can imagine a remake of the movie Thunderball that involves SPECTRE taking over important data networks as opposed to stealing nuclear bombs. The result could wind up significantly messier in terms of financial impact.
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