The Internet of things (IoT) is the network of physical devices, vehicles, home appliances and other items embedded with electronics, software, sensors, actuators, and connectivity which enable these objects to connect and exchange data. Internet of Things (IoT) and Industrial Internet of Things (IoT) forecasts reflect a growing focus on driving results using sensor-based data and creating analytically rich data sets.
With more IoT devices and connected M2M technologies coming into service, a large scale security breaches are expected to come into existence in near future due to the sensitivity of the data being prone to the hackers which has further led many companies to launch advanced security software. For instance, Industrial Internet Consortium, an open membership organization regarding interconnected devices and intelligent analytics along with other industries is releasing its security framework.