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The emergence of the internet of things is altering our personal technology security paradigm and is a game-changer in customer/business interaction, in part due to the wide scope of available data and sheer number of devices collecting this data. McKinsey & Company estimates the IoT ecosystem will generate $6 trillion in value by 2025. Successful IoT offerings rely on the perception of benefit they can deliver to businesses and consumers while creating a proportionate foundation of security, trust, and data integrity. There are important ways that IoT technology can reduce data security risk while improving customer experience in a connected world.
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Source: Security