The thing about the “Internet of Things” is that the phenomenon presents as many definitions, use cases, and business models as there are regulators and legislators trying to imagine what can go wrong with it. A more nuanced view sees IoT innovation and regulation in a yin and yang relationship—contrary forces that are actually complementary, interconnected, and interdependent. This seemed to be the overarching conclusion from a May 11 IoT policy roundtable hosted by McBee Strategic Consulting and Wiley Rein LLP.
Our half-day conference featured keynote perspectives from Congresswoman Suzan DelBene (D-WA), co-chair of the Congressional IoT Caucus, and ForeScout Technologies CEO Mike DeCesare, as well as industry and government panelists who painted broad-stroke visions of what IoT looks like now and in the future and how the government can plan, engage, and regulate. In a world that is increasingly relying on the Internet to work uninterrupted and uncorrupted, the roundtable focused on the security, safety, and privacy challenges facing the growth of IoT and how government and industry sectors will cooperate to find the optimal balance between risk and innovation.