Standards, Security and Business Models: Key Challenges for the IoT Scenario

The number of physical objects connected to the Internet constantly grows and a common thought says the IoT scenario will change the way we live and work. Since IoT technologies have the potential to be pervasive in almost every aspect of a human life, in this paper, we deeply analyze the IoT scenario. First, we describe IoT in simple terms and then we investigate what current technologies can achieve. Our analysis shows four major issues that may limit the use of IoT (i.e., interoperability, security, privacy, and business models) and it highlights possible solutions to solve these problems. Finally, we provide a simulation analysis that emphasizes issues and suggests practical research directions.