Paper Title
Security Challenges and Business Opportunities in the IoT Ecosystem
Abstract
In the growing IoT environment, security seems to be a dominant topic, because of the broad extent of IoT
devices functionalities is expressed in the different sectors. This article scrutinizes the elaborate IoT infrastructure, exposing
the common flaws and traceable security incidents, which serve as a background in the appreciation of the need of having
reliable security frameworks. At the same time, the research paper pinpoints the vast business prospects that will spawn from
the issues, highlighting the fact that these can be tapped through the creation and provision of cutting-edge security systems
and consultancy services. The study makes a prediction of the future of IoT based on its current rating and empirical
evidence by reviewing literature to assess emerging technologies and market trends, which give way for future innovations
in IoT security. In general, this paper proposes that interested actors who are proactive and afraid of the emerging security
threats have an opportunity to tap into the growth and innovation in building strong IoT systems. Consequently, the insights
offered in this paper are appropriate for both the industry stakeholders and the researchers.
Keywords - Internet of Things (IoT), Sustainable Business Practices, Energy Efficiency, Cost Reduction, Operational
Efficiency, Environmental Sustainability, IoT in Industry, Resource Management, Smart Technology, Digital
Transformation, Business Model Innovation