The Federal Trade Commission (FTC) wants to keep a close eye on the growing Internet of Things (IoT) boom, as more connected Things access the Internet.
The FTC will task the newly-created Office of Technology Research and Investigation with a high-level approach to analyzing IoT. It will focus on studying "privacy, data security, connected cars, smart homes, algorithmic transparency, emerging payment methods, big data, and the Internet of Things."
The IoT provides great potential for connectivity everywhere a person goes, but the FTC has concerns related to privacy and security.
Despite FTC concerns, the IoT infrastructure is expected to boom in the coming years, with billions of new connected Things - and momentum will only grow further. There could be upwards of 26 billion Things connected by 2020, though aggressive estimates predict up to 200 billion devices.
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