Essay Example on The Information Technology Services NAICS








The Information Technology Services NAICS Code 541512 industry is continuing to see rapid innovation and change Look at nearly any information technology periodical or information technology journal and you will see several emerging trends for 2018 Three emerging trends for 2018 include Artificial intelligence AI cloud computing and Internet of Things IoT After briefly exploring the emerging trends of AI and Cloud Computing this research paper will focus on the IoT and the government's role in regulating Internet of Things technology IoT will continue to be a hot topic in 2018 Research suggests that the security and privacy of IoT users is not being properly safeguarded or even planned for Many researchers believe that the governments around the world should play a role in safeguarding user s security and privacy Moreover critical infrastructure such as electric grids and water supplies could become vulnerable to IoT security flaws How should IoT devices be regulated to ensure the safety and privacy of IoT technology Should governments have a role in shaping regulation of IoT technology This research will try and answer the question

What are the possible implications of government regulation of IoT technology to ensure privacy and security Findings Artificial Intelligence AI will continue to revolutionize business in the coming year Companies are investing large sums of capital into AI Alphabet and Baidu combined have invested 50 billion to develop AI technologies A recent Gartner survey showed that 59 of organizations are still gathering information to build their AI strategies while the remainder have already made progress in piloting or adopting AI solutions CITE GARTNER In order to capitalize on artificial intelligence businesses should exploit narrow AI technologies that enable business results AI is ready right now to automate increasingly complex processes identify trends to create business value and provide forward looking intelligence CITE PWC Governments are also investing significant resources into AI technology with China leading the pack Canada Germany Japan the UK and the UAE all have national AI plans PWC With all of the opportunities available in AI there are still risks Business is going to have to be able to explain the way AI works and why it is making the decisions it is making There could be implications for healthcare financial markets among others According to a recent survey more than 90 percent of organizations are currently using at least one cloud based IT service researchers see this trend continuing into 2018 Hoovers Cloud computing simply put is the delivery of computing services over the internet Business can take advantage of cloud computing to create new apps and services store backup and recover data and host websites Cloud computing has the ability to scale elastically That is delivering the right amount of resources when it is needed and only when it is needed Most cloud services fall into three categories Infrastructure as a service IaaS

e provides for delivering software applications over the internet Gmail is a good example of a SaaS application SaaS provides a product that is completely run and managed by the service provider Finally the Internet of Things IoT will continue to trend in 2018 There are many opportunities in the IoT space But with these opportunities come increased vulnerabilities IoT devices are wrought with security flaws and privacy concern issues Researchers agree that some type of government regulation will be needed Governments already regulate certain parts of the internet What are the implications of government regulation of IoT technology that will ensure privacy and security of IoT connected devices One of the problems is the rush to market Developers and manufacturers are not building IoT devices with security in mind IoT devices are constantly collecting data about the user and target IoT devices gather information and relay this information back to connected devices where it is stored and processed IoT devices are constantly collecting data about the user and target Examples of medical devices that contain IoT technology are numerous Everything from pacemakers defibrillators drug infusion pumps

The attack surface multiplies as new devices are added to the network While there are no published reports of attacks on these devices the connected devices remain vulnerable A hacker could steal vulnerable medical or financial in order to facilitate identity theft Moreover critical infrastructure such as power grids and water supplies are vulnerable to attack It is time for Governments the world over to regulate these devices According to a report formulated by the National Security Telecommunications Advisory Committee the federal government and companies that operate critical infrastructure like power grids and telecommunications systems have a window of only 3 5 years to secure and regulate the IoT Pathak Governments have a big responsibility to ensure data security One of the implications of government regulation is that it stifles innovation and investment There are ways to regulate IoT without the threat of killing innovation The best starting point for the government to emerge as a regulator of IoT is in its dual role that of an IoT user and that of the IoT infrastructure provider Pathak

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