10 Policy Principles for Unlocking the Potential of the Internet of Things
“The Internet of Things” encapsulates the idea that ordinary objects will be embedded with sensors and connected to the Internet. To date, most discussion of the Internet of Things has highlighted the technology; to the extent it has addressed policy, the focus has been largely negative (i.e. how to limit the supposed risks from deployment). In contrast, this report highlights principles that policymakers in all nations need to apply in order to maximize the considerable promise of the Internet of Things for economic growth and social well-being. Of two conflicting approaches to the Internet of Things, neither the “impose precautionary regulations” nor the counter “leave it completely up to the market” will allow societies to gain the full benefits from the Internet of Things revolution. This report presents ten principles to help policymakers establish policies and programs to support and accelerate the deployment and adoption of the Internet of Things.