Great IoT Article Highlighting ICLD's Tech
Cloud Apps for Virtual Routers and Switches
Just recently, the Wall Street Journal highlighted cyber security as "the biggest challenge to Industrial IoT development." Forbes has also chimed calling for the market to reach $267 billion by 2020. For those that have never heard of the Internet of things (NYSEMKT:IOT), these are the little sensors and chips in physical devices that can turn on and off and network to the internet. These devices are imbedded in automobiles, airplane engines, water sensors, grid power switches, and medical devices. Keeping these devices free from malicious hackers could be an issue of life and death. It's not hard to imagine the car accelerator malfunctioning at the wrong time, or a sensor on the jet engine giving a false reading, or a water sensor malfunctioning to ruin a crop, or an operating robot to cut in the wrong spot.
Currently, IoT also is relying on filter based cybersecurity solutions to analyze patterns and data packets and then quarantine suspicious activity. CFO Tim Larkin of Intercloud Systems commented on how serious this issue is and said "it's no longer a financial issue, if these medical devices malfunction it's a matter of life and death. There needs to be a mandate to make these devices secure and we believe our proprietary software comprised of virtual routers and switches are up to the task." ICLD has a focused group of customers in the healthcare marketplace taking advantage of their virtual routers and switching technology to monitor patterns and flow in medical devices at the node level and then quarantine them until they are analyzed. This technology could be expanded beyond intravenous pumps, pacemakers, and ventilators and also help ensure the safety of operating robots. The medical segment seems to be just the tip of the iceberg with this technology.
FOLKS...this is just another example of how ICLD's IP can be packed up and sold to a vertical despertly needing help with security and monitoring combined with the proper analytics.
