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THE IOT WORLD IS GROWING AND GETTING MORE COMPLICATED AS THE TECHNOLOGIES LINKING DEVICES AND THE DEVICES THEMSELVES , ARE BECOMING SMALLER , CHEAPER AND FASTER . changes will happen gradually and are expected to have a strong , long-lasting effect . The scale is immense , where Bosch alone has sold 52 million web-enabled products in 2018 , over a third more than 2017 . With an opensource-based IoT Suite , Bosch has already connected more than 10 million devices from various manufacturers .
To unlock the full potential of the latest innovations in IoT , it is extremely important to accurately handle the security and privacy of the manufacturing systems embodying the Internet of Things .
To avoid security breaches due to inappropriate handling of these systems , it is vital to securely connect billions of devices to the Internet and deliver to the promise of connected everything , as most devices are not designed to work collaboratively with others or to function securely as technology evolves . The security of data that is increasingly connected across local and global networks is equally concerning , with a growing number of Edge components sending their data to servers over the Internet , where digital intruders and hackers loom .
Bosch is now working with partners to enable devices and solutions to communicate and interact in secure ecosystems . Distributed ledger technologies ( DLT ) such as Blockchain may well become the key technology in these domains , ensuring that a transaction is checked and verified , without any human involvement in the process .
Collecting , storing and processing customer data will be one of the main pillars of safety and security vendors ’ future business . Open platforms can ensure greater collaboration and is key to building trust . Few companies use a common standardised platform for security and safety solutions using customers ’ data to their benefit alone . It helps create trust by assigning every component in the network an authentication key .
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