• Internet of Things (IoT) in Entrepreneurship : The Biggest Challenges

Devarshi Chatterjee and Prof (Dr) Devapriya Chatterjee

Abstract:
In several organizations, the main element for the augmentation of competitiveness is Internet of Things (IoT). Inspite of the growth of importance of the security of Internet of Things (IoT), and the steady increase in the number of cyber-attacks on the devices of Internet of Things (IoT), the research is still incomplete on the significance of the measures of security of Internet of Things (IoT) on the challenges of security. The study makes a review of the security of Internet of Things (IoT) in the organizations of the present era, manufacturing the products of Internet of Things (IoT), and commencing the modifications towards the digitalization of the processes of manufacturing, as well as the products. The scrutiny of the requirements in the security of Internet of Things (IoT), was based on the reports of the prevailing security of Internet of Things (IoT), and a detailed review that was made, for the strengthening of the security, and the charting of the required resolutions to the active challenges. The charting enables every stakeholder to understand the initiatives being made for the security of Internet of Things (IoT) in the requirements and issues of their businesses. It was concluded on the basis of the studies, that the organizations, in general, recognize that encryption is the basic measure of security, but fail to comprehend the advanced processes of the protection of devices and data, along with the surface of the threat. The research brings to light that most of the organizations lack the expertise in the security of Internet of Things (IoT), and are more inclined to outsourcing the operations of security to third party providers. There is transformation in the global market in the way that massive digitalization is under way, and that block-chain, big data as well as Internet of Things (IoT) are the testimonies of the transformation of the global activities and business from the physical environment to the digital environment, that augment the competition in business, and enhance the growth of business. This allows the citizens to control all connected products.