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Internet of Things or IoT has been a buzzword for many years, with IoT adoption growing rapidly in recent years. According to Futurum, 13.8% of surveyed organizations adopted IoT in their organizations, 54% had somewhat started this endeavor and 32% had not yet taken any steps with this technology. IHS survey estimates that there will be 20 billion connected devices globally this year. And Business Insider predicts business spending on IoT solutions will hit $6 trillion by 2021. Vodafone found that 66% of responding executives believed no digital transformation is possible without the Internet of Things. Forrester Research has predicted that IoT will become “the backbone” of customer value in the retail industry as IoT helps to connect with customers, grow brands, and improve the customer journey in deeply personal ways. But industries like healthcare and logistics are not far behind. They use IoT to connect with patients via wearable devices, and track their health on a constant...

In the wake of growing concerns about the theft and misuse of big data and personal information, the European Union (EU) has passed the General Data Protection Regulation (GDPR) enforcing the right to personal data protection of the individuals throughout the Union with effect from May 25, 2018. What is GDPR? The EU General Data Protection Regulation (GDPR) is new legislation aimed at protecting the data privacy of all EU citizens and residents. It aims to simplify the regulatory environment for international business by harmonizing the data protection acts among its member states. A very important component of the act is the control of the transborder flow of private data outside the EU and prevention of personal information abuse by entities outside the Union. Enforcement of GDPR has several implications for businesses , academia and non-profit organizations working on data collected or derived from EU nationals and residents. GDPR Timeline of Events: GDPR started as European D...