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Cybersecurity and the Board Room

Our connected business world means there are thousands of entry points in and out of companies. The exploding number of access points means we now have thousands of potential openings into our companies. What has been traditionally seen as a simple component of an organization’s infrastructure, throwing a firewall and antivirus solution down as an adequate cyber strategy, has evolved into something that can keep one awake at night. The scary truth is that network security does not work as well as we thought.

As cybersecurity has emerged as the number one priority today, it is becoming a front business issue and a board room issue. After a series of high profile data breaches and warnings, corporate boards find themselves dealing with cyber threats and security issues. Not long ago, cybersecurity was a term rarely, if ever, heard in the boardroom. Rather, information security was deemed to be a risk managed solely by the chief information or technology officer or the IT department. Those days are gone. With the long list of high profile cybersecurity hacks and the after effects that include drop in shareholder value, decline in sales, brand and customer erosion, regulatory inquiries and litigations, cybersecurity has become an increasingly challenging risk that boards must address.

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IoT Defined

There are several definitions for IoT floating around. How we define it continues to evolve. We know one thing, IoT is here.

IoT represents diverse technologies and usage that enables both unprecedented opportunities. IoT is about delivering business relevant outcomes, not just connectivity, products and technologies. There is a very clear link between the value delivered and the capabilities of each of the components that make up an IoT solution.

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Making Device Data Self-Describing

Making Device Data Self-Describing to Enable Seamless Integration across Multiple Applications

The amount of data created by equipment, systems and devices has exploded in recent years. Today’s automation systems and smart devices produce tremendous amounts of data to the point where we have expanded our reach to a range of devices that can gather and analyze physical data and react to that data in a variety of applications that we’ve never seen before.

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Powering the Edge to the Enterprise

Our connected world is increasingly populated with smart equipment and devices. As convergence of these continues, we are seeing the rise of connected edge devices and greater intelligence at the edge.

The Internet of Things (IoT) is changing our world, including our development and strategies for building equipment, devices and applications. IoT is presenting tremendous new opportunities for creating, operating and servicing and is leading the way for updated business value delivery. Business operations are becoming "smart" by being connected further out on the edge. The full range of possibilities created by IoT continues to grow and is now being realized by enterprises across the world. The impacts of these technologies are fundamentally revolutionizing the way products are created today and how enterprises do business.

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Building Automation Cyber Risks

Building Automation Cyber Risks It’s not about numbers; it is a business issue.

As business people we hate spending money on things that don’t help our businesses operate better and more efficiently, perform at maximum levels or improve the products and services we deliver to the market. And yes, we know there are necessary expenses in business that require funding. The thought of spending money on things that are only used in a worst-case scenario and risk management are not attractive options when it comes to the allocation of our important resources---funds. They are however, a must. So what do we do? We look at things such as what is the payoff going to be. Are there risks? What are the risks and where do they exist? How likely is our business and operations going to be affected? What is the potential impact? These are questions that need to be answered. The bottom line, we want a solid business case as to why the risk or reward to the business warrants the expenditure.

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