Despite its rather inelegant name, the “Internet of Things” is revolutionizing the business world and presenting regulators with some weighty challenges.
The “things” in question are consumer products that can share data over the Internet– from automobiles to thermostats, dishwashers to slow cookers, pacemakers to insulin pumps. The benefits to consumers include convenience and efficiency; the perk for companies is a treasure trove of once nearly-impossible-to-acquire data on product usage and the habits of consumers themselves.
