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Global Internet of Things Policies, 2018
Global Internet of Things Policies, 2018
Innovative Benchmarking Index for 11 IoT Markets—ASEAN Countries Must Harmonize Their Data Privacy, Cross-Border Transfer, and Security Protocols or Risk Being Left Behind Global Competitors
18-Mar-2019
North America
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Description
The Internet of Things (IoT) has been introduced to solve a variety of business challenges faced by enterprises in the following categories: 1) visibility and insights, 2) optimization of business processes, 3) tracking of assets, 4) monitoring of assets and environment, 5) improved customer engagement, 6) enabling new services, 7) enabling new business models, and 8) automation. This report provides in-depth knowledge about the fundamental elements that governments should provide so that the private sector can invest in IoT. The report details the policies that the different governments have been adopting with respect to the 8 elements above.
Policies are covered for the following regions: The European Union, the United States, India, China, Japan, Singapore, Malaysia, the Philippines, Thailand, Vietnam, and Indonesia. This research also contains a benchmarking index for each of these countries with respect to the policies developed.
IoT will change the way end users expect to consume products and services and how they measure services outcomes. Traditional services offered are not personalized, but this is changing with IoT as it provides the ability to cater services to suit individual needs. IoT is also changing the way enterprises are offering products and services to end users. Organizations offering IoT-enhanced services will increasingly adapt their business model towards a service-oriented and outcome-based pricing model, while having to engage with an ecosystem approach to offer an end-to-end service that might span multiple domains.
Governments across The Association of Southeast Asian Nations (ASEAN), as well as from the other parts of the world, have realized that the volume of IoT devices is going to increase exponentially in their respective countries. This has forced them to think about drafting laws and developing an ecosystem for IoT to flourish in their respective countries. The European Union’s General Data Protection Regulation (GDPR) came into effect in May 2018 and represents a paradigm shift with respect to data protection. It is likely to form a model for new data privacy rules in other jurisdictions. In order to reduce the burden of doing business in the EU for local companies, ASEAN countries must seek to harmonize their data privacy, cross-border transfer, and data security protocols. If they fail to do so, they risk being left behind their global competitors. ASEAN governments should avoid granting privacy exemptions to local firms that handle foreign data because doing so can lead to other countries viewing their privacy and data protection laws as weak and ineffective.
Key Issues Addressed
- What are the fundamental elements that governments should provide so that the private sector can invest in IoT?
- Do the governments of the selected countries actually provide such fundamentals?
Author: Sandeep Bazaz
Table of Contents
Scope of the Study
Key Findings
Defining the Internet of Things
What is Enabling IoT Adoption?
Frost & Sullivan IoT Taxonomy
Introduction of IoT Applications and Services into Different Domains
IoT Finding Its Way into Numerous Domains and Applications
Major Benefits of the Internet of Things
IoT Creating Value for End Users
Value Creation for Organizations Offering IoT
How is IoT Going to Evolve to Support Business Objectives?
Major Categories of Stakeholders
Mapping the Messy IoT Value Chain and Approaches Taken
Questions That Need Answers
Fundamental Elements Governments Should Provide so the Private Sector Can Invest in IoT—Parameters
Sub-parameters for Infrastructure
Security, Data Sovereignty, and Privacy Have No Sub-parameters
Data Privacy Issues Arise from the Collection and Use of Personal and Non-personal Information
Regulatory Frameworks for Non-personal Data Typically Differ from Those for Personal Data
Sub-parameters for Policy Framework
Summary of Parameters and Associated Sub-parameters
Infrastructure
Data Privacy
Data Privacy (continued)
Data Privacy (continued)
Security
Security (continued)
Data Sovereignty
Data Sovereignty (continued)
Policy Framework
Infrastructure
Privacy
Privacy (continued)
US Considering Introduction of a Novel IoT Cyber Security Act
Security
Policy Framework
Infrastructure
Privacy
Act on the Protection of Personal Information
Privacy
Privacy (continued)
Security
Data Sovereignty
Policy Framework
Infrastructure
Privacy
Privacy (continued)
Security
Data Sovereignty
Data Sovereignty (continued)
Policy Framework
Infrastructure
Privacy
Privacy (continued)
Security
Data Sovereignty
Policy Framework
Infrastructure
Privacy
Privacy (continued)
Privacy (continued)
Security
Data Sovereignty
Data Sovereignty (continued)
Policy Framework
Infrastructure
Privacy
Privacy (continued)
Security
Security (continued)
Data Sovereignty
Policy Framework
Infrastructure
Privacy
Privacy (continued)
Security
Data Sovereignty
Policy Framework
Infrastructure
Privacy
Privacy (continued)
Security
Data Sovereignty
Policy Framework
Infrastructure
Privacy
Privacy (continued)
Security
Data Sovereignty
Policy Framework
Infrastructure
Privacy
Privacy (continued)
Security
Security (continued)
Data Sovereignty
Policy Framework
Parameters for Benchmarking—Best Practices
Parameters for Benchmarking—Best Practices (continued)
Parameters for Benchmarking—Best Practices (continued)
Parameters for Benchmarking—Best Practices (continued)
Scoring Guide for Benchmarking
Scoring Guide for Benchmarking (continued)
Scoring Guide for Benchmarking (continued)
Introduction to Consulting Template
Benchmarking for Selected Countries
Benchmarking for Selected Countries (continued)
Growth Opportunity—The Number of IoT Devices Increases Significantly
Strategic Imperatives for Success and Growth
Conclusions
Conclusions (continued)
Conclusions (continued)
Conclusions (continued)
Conclusions (continued)
Conclusions (continued)
Legal Disclaimer
List of Exhibits
The Frost & Sullivan Story
Value Proposition—Future of Your Company & Career
Global Perspective
Industry Convergence
360º Research Perspective
Implementation Excellence
Our Blue Ocean Strategy
Popular Topics
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| Podcast | No |
| Author | Sandeep Bazaz |
| Industries | Information Technology |
| WIP Number | 9AC2-00-51-00-00 |
| Is Prebook | No |
| GPS Codes | 9523-D1,9683-A3,9702-C1,9705-C1,9A3C-D1,9A3D-D1,9658,9855-72,9206 |