Wearables & IoT will wind up business

Technological devices apparel (the 'wearables') and the Internet of Things (IoT for its acronym in English) will energize businesses of the future and renew the traditional way firms operate through the analysis of large volumes of information make business decisions in real time towards 2020.

While these innovations break through in the daily life of businesses and consumers, industry should take more seriously the debate on cybersecurity, anticipated directors of Intel, Cisco Systems, and the Massachusetts Institute of Technology (MIT).

"Companies need to find a balance between respect for privacy and 'usability' of technologies. The boom dress devices will provide an endless source of data about customers, which will help them improve their businesses, "said Jim Dougherty, professor of technological innovation at MIT, under the World Congress on Information Technology (WCIT ).

For new businesses to rise in the current consumer market, it is necessary that manufacturers and developers place greater importance on the issues of cybersecurity and information privacy, starting from the design stage of the wearable devices and other items connected to the web as these generate large amount of data about users, noted experts.

"They must be capable of collecting and grouping all that information anonymously and still ensure that the data are useful for a particular industry or market," said Steven P. Nelson, director of Marketing Freescale Semiconductor.

The IoT is already present in very specific business solutions and as tools in smart cities, but its potential monetization while a greater number of industries and end users adopt this trend will expand massively. The potential value of this market is 19 trillion dollars, according to data from Cisco.

Agriculture, for example, already makes use of technology to improve their processes IoT.