How Accounting Will Transform In An IoT World
At the moment, organisations are confident that their accounting and reporting functions produce accurate figures from a small number of known data sources. In the IoT future, there will be incoming data from multiple sources – increasing the risk of a device sending out corrupt data. Also, with so many devices joining IoT, a lot of them tend to know a great deal about us. Where does one then draw the line on their privacy and security? Organisations will need to investigate ways to gain consumer trust thoroughly.