TECHNOLOGY
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popular and as technology becomes
edged sword is IoT. Communications
commonplace in cars, it’s likely that
giant Ericsson forecasts that there will
liability will lie with the manufacturer.”
be around 29bn connected devices by
As a result, survey respondents reported
2022, of which 18mn will be IoT-driven.
that they are increasingly being asked
From industrial IoT to connected cars
to take on more liability if an accident
and wearable technology, the
happens and can be traced back to their
possibilities for this innovation are
product or component.
endless – but so are the risks. Industrial
In last year’s edition of the CMT Risk
IoT is creating impressive efficiencies
Study, two-thirds of respondents said
in manufacturing operations but with
they believed that emerging tech-
unlimited connections, comes unlimited
nologies will increase risk complexity
ways to fail. “The biggest challenge, in
in the next three to five years. One
my opinion, is that IoT is unbounded:
disruptive technology set to be a double-
it’s limitless in terms of the number of a si a .busi ne ssc h ief. com