You’ve probably heard the buzz about the Internet of Things (IoT) – a suite of emerging technologies that promises great value to businesses, individuals and society. As broadband internet and Wi-Fi capable devices become more readily available, and reduced costs in technology supply chain fuel innovation, the number of IoT devices and applications is estimated to grow into the billions. What’s more, the nature and applicability of IoT is constantly evolving. According to the Government Accountability Office, IoT “can be used in almost any circumstance in which human activity or machine function can be enhanced by data collection or automation.” IoT is clearly the future, enabling new efficiencies and technological capabilities for businesses looking to grow and compete in a competitive marketplace. But before businesses jump into this next big thing, it’s critical to understand exactly what IoT is and how it will impact data security and privacy issues.