The article further discusses the real-world practicalities and leadership implications of IoT integration. It emphasizes the need for strong security to protect personal identity and data, and the importance of minimizing unconscious bias in algorithm design. It also suggests that technology leaders need to understand data privacy implications and machine learning capabilities, and explore IoT possibilities for their industry. The article concludes by stating that innovation, collaboration, and customer-centric ethical leadership are central to the next technology revolution.
Key takeaways:
- The Internet of Things (IoT) opens opportunities for integrated payments within devices, enabling decision-making flows through response and learning-preference pattern recognition.
- As IoT applications expand, common standards and integration protocols will be necessary to unlock device interaction and enable effective data exchange.
- Building confidence in IoT technology will be central to adopting integrated technologies and sharing personal data with devices. Companies creating IoT technology will need to ensure they can offer strong security when it comes to protecting personal identity and storing personal data.
- Technology leaders must explore possibilities of IoT for their industry, establish mechanisms for an independent review of IoT-based devices to spot bias, and determine how ongoing ethical monitoring and refinement is built into technology release standards and updated released IoT devices.