Authored by Shahid Ahmed, Madeline Carr, Mariam Nouh, and Jeff Merritt, this report was issued by the World Economic Forum on December 20, 2022. The report delves into prevailing governance gaps surrounding the Internet of Things (IoT) and associated technologies. It encapsulates insights concerning IoT’s COVID-19-induced impact on medical device demand, the hindrance in growth due to cybersecurity risks and trust deficits, ethical and responsible use dilemmas, and the imperative for equitable access. The core insight underlines the necessity for collaborative efforts between businesses and governments to formulate and enact more robust policies addressing privacy, security, and inclusivity for IoT technologies.

Keywords: Architecture/Engineering, Artificial Intelligence (AI), Association, Biometrics, Cloud & Data Analytics, Communications, Control & Monitoring Equipment/Sensors, Cybersecurity/Privacy, E-commerce, Energy Efficiency/Management, Internet of Things (IoT), Post-COVID-19, Processors/Semiconductors, Protocols/Standards, Smart Cities, Software Development, Training, Utilities