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Is the Internet of Things Bad for Your Business?

Business News Daily, By Linda Rosencrance

In theory, the concept that any physical object can connect to the Internet and communicate with other objects to report real-world information to people via smartphones, tablets and PCs — known as the Internet of Things — has a lot of potential to benefit consumers. However, this concept can also pose dangers for businesses that are not prepared to address the technology's inherent risks.

For instance, a smart refrigerator could notify you if your food has expired. Smart utility meters are already being used in some areas to connect energy providers with building owners, to provide information about energy use. And connected thermostats monitor the temperature of a building and turn on the heat or air conditioning as needed. Read more.