U.S. Commerce Secretary: New Rules Needed for Potential $19T Market?
INTERNET OF THINGS—U.S.January 9, 2014
As the Consumer Electronics Show continues in Las Vegas, NV, this week, privacy remains a hot topic. Particularly, the Internet of Things is getting close attention, as wearables and micro computers are among the most common new products. Cisco Systems CEO John Chambers made headlines with his keynote on Tuesday, predicting the Internet of Things market could be as large as $19 trillion by 2020. This and other news led U.S. Commerce Secretary Penny Pritzger to tell IDG News Service, “I think we need to … have a real look at the issue of privacy and where you draw the lines and what are the rules … I don’t think there is consistency or clarity right now … in terms of what companies are collecting and what they can do with that data.”