person through which IoT transactions take place. There is currently no legislation anywhere in the world to ensure security of personal data available online. “There is real business value in the data that spreads through IoT,” he said.
Another software engineer Saad Bin Tahir said technologies have been developed for interoperability of mobile networks but doing the same with IoT is challenging.
“The numbers of vendors that have to be mutually connected are huge,” he said, adding that “continued proliferation of sensors, and then the ubiquitous spread of networking - allowing experts to connect to these things without having to wire stuff up - is the major problem that needs to be resolved.” IoT is an enormous opportunity, which Pakistanis are ignoring, he regretted.
However, to enhance its penetration in the country, companies would have to invest in IoT based human resource. The results would be visible in a year or two but it would make companies globally competitive. On the government side, the main impediment to spread of IoT is bandwidth and policies.
“Pakistan would have to match the legislations and policies that are in vogue in the United States and Europe, to make the technology available in the country,” he added. He said policy makers should not try to prevent the future from happening but make policies that target the bad actors only.
Another IT player Saad Syed said businessmen should realize that the bar of impressing the customers has now gone over the head.
He urged them to analyze their plan and how different it is from the competitors and how do they plug into the ecosystem, before conducting business through IoT.
Besides, taking into account the business opportunity and the available technology as businessman do, all that is possible in the context of data governance and the technologies to enforce security, he added. The bigger corporation should interact with academia and start-ups and non-traditional innovators, and should reserve a healthy amount for research and development to invest in internal, lean start-ups. The expert further advised that it is not advisable to look towards a technology to resolve a problem before brain storming the problem thoroughly.
“Instead of being the platform owner it would be better to be inside someone else’s platform,” Syed advised.
The businessmen should implement their strategy through that platform and jump to another if they feel abused. The IoT provides tremendous opportunities but needs execution through right people, “You do not need enormous resources to achieve that,” he added.