IIoT: 8 Fun Facts

fun facts.jpgBayshore Networks is passionate about keeping industrial technology secure. We find everything fascinating about IIOT. While others are reading TMZ or Sporting News we are reading up on the IIOT history, the now and the future. In this blog, we have compiled a list of 8 fun facts that you may not know.

Fun Facts about IIoT:

  • The industrial IoT market is estimated to reach $123.89 Billion by 2021 ( IndustryArc Research)
  • 94% of IT security professionals expect IIoT to increase risk and vulnerability in their organizations. (Tripwire Survey 2017)
  • Accenture estimates that the IIoT could add $14.2 trillion to the global economy by 2030.
  • According to Cisco, M2M connections will exceed $12B to represent nearly half (46%) of all devices connected to the internet worldwide by 2020.
  • By 2022, there will be 7 billion Internet-connected wireless sensing, tracking and control devices using technology such as Bluetooth Low Energy (BLE) according to a study from ON World, a research firm concentrating on the Internet of Things (IoT).
  • “We used to be like a typewriter manufacturer,” explains Tom Bucklar, director of IoT and channel solutions at Caterpillar, one of the keynote speakers at Smart Industry. “Today, we’re like a PC manufacturer. Almost every machine that comes out of our factory has data streaming from it. There are 560,000 connected assets that we can leverage.”
  • The Cisco 2017 Annual Cybersecurity Report estimates that the frequency of ransomware attacks is growing by around 350% each year.
  • The FBI maintains a “Most Wanted” list of 30 Cybersecurity criminals. They are from all over the world and span both personal and industrial cybersecurity. They are responsible for over a trillion dollars in cyber crime. https://www.fbi.gov/wanted/cyber
Kirby Wadsworth

As Chief Marketing Officer at Bayshore Networks, Kirby is on a mission to educate and inspire leaders to act now to protect our industrial infrastructure - and our way of life - from cyber threats. Bringing more than two decades of executive leadership in both public enterprises and emerging startups, Kirby is a published author, keynote speaker, teacher, and frequent contributor to over 20,000 online followers.