The Internet of Things: realising the potential of a trusted smart world

The Internet of Things: realising the potential of a trusted smart world

The Centre has contributed to one of two new reports published by the Royal Academy of Engineering which focus on the Internet of Things (IoT) and other digitally connected systems.

The integration of physical and digital systems creates many opportunities to realise economic, social and environmental benefits across business and society, say the reports, but they warn that these systems need to be designed with safety and resilience in mind to minimise future risk. The reports go on to identify some of the measures needed to strengthen the safety and resilience of connected systems, including international umbrella agreements on IoT, and mandatory risk management procedures.

Professor David De Roure and Dr Petar Radanliev were part of the group of academics who undertook the original analyses that formed the stimulus content for the report The Internet of Things: realising the potential of a trusted smart world, and provided further contributions during the report writing process.

The report, which builds on the Blackett review, The Internet of Things: making the most of the second digital revolution, examines the policy challenges for the Internet of Things, and raises a broad range of issues that need to be considered if policy is to be effective and the potential economic value of IoT is harnessed. The new report advises that obtaining value from data is at the heart of IoT and a key business driver, and that the UK will need a strategic approach if it is to fully harness the economic potential of IoT. The UK is in a strong position to lead the development of appropriate international standards and regulation, as a result of its world-class expertise in cybersecurity, safety-critical systems, software engineering, hardware security, artificial intelligence and social sciences.

The Oxford e-Research Centre leads the University of Oxford’s involvement in the PETRAS research hub of nine leading universities, who are working together to explore critical issues in privacy, ethics, trust, reliability, acceptability, and security.

Dr Radanliev has been conducting scoping work for the past 20 months to contribute to the report. He says, “ We are very pleased to be part of the collaborative team working on this report, which draws on expertise within academia and the private sector to identify key measures needed to ensure the IoT is both safe and resilient to risk, and suggests ways to optimise economic value from IoT connected devices. The next part of our involvement is to work on calculating the economic impact of cyber risk to the Internet of Things ”.

The Centre has two papers on the subject accepted at the PETRAS IoT UK conference, Living in the Internet of Things, which takes place from 28-29 March in London.  Professor De Roure will give the conference chair’s welcome and introduction at the event and will also chair a plenary panel session on the future of the IoT. 

 

Taylor, P., Allpress, S., Carr, M., Lupu, E., Norton, J., Smith, L., Blackstock, J., Boyes, H., Hudson-Smith, A., Brass, I., Chizari, H., Cooper, R., Coulton, P., Craggs, B.,Davies, N., De Roure, D., Elsden, M., Huth, M., Lindley, J., Maple, C., Mittelstadt, B.,Nicolescu, R., Nurse, J., Procter, R., Radanliev, P., Rashid, A.,Sgandurra, D., Skatova, A., Taddeo, M., Tanczer, L., Vieira-Steiner, R.,Watson, J.D.M., Wachter, S., Wakenshaw, S., Carvalho, G., Thompson, R.J., Westbury, P.S., (2018). Internet of Things: realising the potential of a trusted smart world. Royal Academy of Engineering: London.