In a report by the Center for Strategic and International Studies, Australia was identified as the country that felt the most vulnerable in terms of a lack in cyber security professionals.
The White House Chief Data Scientist, DJ Patil, at the Amazon Services: ReInvent conference encouraged all businesses to adopt two main principles -responsibility and universal benefit. He is of the opinion that each technologist and business person has an opportunity to determine that the app or device created benefits everyone.
In Barcelona it was calculated, that those car parking sensors, has brought about a 30% to 40% reduction in traffic congestion alone with an estimated saving in revenue of approximately $50M*. This is just one of the cost and environmental benefits reported to date by having an IoT connected or “smart” city.