Of course, when data is the central resource in a world of connected machines, data privacy and security become paramount. Rapid strides are being made, both by regulatory agencies as well as industry bodies, in developing an effective policy framework for protecting client data and enforcing strict security policies.
Device Manufacturers have seen better days. Razor thin margins. Increased competition. Globalization. All of these forces have allied, making it harder to make a profit. But just when things were at their bleakest for device manufacturers, the dawning of the age of the "Internet of Things" - Internet-connected devices powered by software - promises to transform the industry.