IoT and Consumer Wearables

Verhoef et. al (2017) propose a framework for consumer connectivity with which three components:

According to the Verhoef et. al (2017) “people” component of their framework, consumers can instantly communicate with others through a variety of means.

According to the Verhoef et. al (2017) “object” component of their framework, consumers can connect with the objects they possess, as well as other connected objects and sensors present in public and private spaces.

According to the Verhoef et. al (2017) “physical” component of their framework, consumers can connect with their environment.

According to Verhoef et. al (2017), the prevalence of IoT devices does not pose a big security or privacy risk.

According to Verhoef, et. al (2017), consumers may not always understand the lengthy terms and conditions they agreed to, when utilizing an IoT device.

Verhoef et. al (2017) classify IoT-enabled customer-centric business models on three dimensions.

Meola (2016) expects increased adoption of smartwatches to increase the demand for fitness trackers.

According to Maddox (2016), wearable technology can be used to allow people to exchange digital business cards

According to Maddox (2016), consumers are not concerned about whether or not their wearable tech is fashionable or not

According to Ericsson Corporation (2016), 6% of people surveyed believe smartphones will be replaced by wearables

According to Ericsson Corporation (2016), 60% of smartphone users surveyed think that ingestible pills and chips injected under the skin will be used to interact with objects in the next 5 years

According to Ericsson Corporation (2016), 70% of wearable users surveyed think device manufacturers are serious about protecting user data

According to Ericsson Corporation (2016), what fraction of first-generation wearable owners were left disappointed

Hulme (2016) believes that IoT security spending by organizations will grow to 10% of of an organization’s overall IT security budget

According to Hulme (2016), Gartner expects that by 2020, more than 50% of all attacks on an organization will involve IoT devices

According to Hulme (2016), Gartner believes that there is no relationship between the future of cloud-based security devices and the future of the IoT

According to Peppet (2014), anonymized data can be de-anonymized, revealing information about individual users

According to Peppet (2014), sensor datasets are particularly vulnerable to being de-anonymized

According to Peppet (2014), personally identifiable information is usually defined as