APAC IT departments should prepare for the invasion of wearable technology in the workplace.
That's according to new research from global IT association ISACA, which has found that half of Asia-Pacific IT departments will need to cater for the influx of the new technologies.
According to the 110-country survey of ISACA members, 55 per cent of Asia-Pacific members say their organisation has plans now in place to leverage the Internet of Things or expects to create plans in the next 12 months, but the almost half are not ready for wearable technology. Nearly half (48 per cent) say their “bring your own device” (BYOD) policy does not address wearables, and a further 28 per cent do not even have a BYOD policy in place.
ISACA’s IT Risk/Reward Barometer examines attitudes and behaviors related to the risks and rewards of key technology trends, including the Internet of Things, Big Data and BYOD.
The 2014 Barometer consists of two components: a survey of 1,646 ISACA members who are IT and business professionals around the world, including 279 in the Asia-Pacific region, and a survey of more than 4,000 consumers in four countries: USA, UK, India and Australia.
The Barometer found that nearly half of ISACA members in the Asia-Pacific region believe the benefit of the Internet of Things outweighs the risk for individuals (48 per cent), while nearly a third believe the risk outweighs the benefit for enterprises (30 per cent).
Nearly half (47 per cent) of respondents believe the biggest challenge regarding the Internet of Things is increased security threats, while a quarter (27 per cent) are most concerned about data privacy issues.
Seven in 10 say they are very concerned about the decreasing levels of personal privacy.
According to respondents, the top two concerns that individuals should have about connected devices are not knowing who has access to the information collected (24 per cent) and not knowing how the information collected on connected devices will be used (23 per cent).
Yet while the risks are significant, respondents also said their enterprises have achieved value from the Internet of Things, with 41 per cent reporting that it gives their business greater access to information and a third (34 per cent) saying it has improved services in their organisation.
Around half hope to benefit in the future from lower costs (48 per cent), increased customer satisfaction (47 per cent), and greater efficiency (47 per cent) as a result of connected devices.
ISACA director and chief executive of Focus Strategic Group, Frank Yam, said the ISACA research found wearable tech in the enterprise was expected to surge, as more than half of consumers in most regions had a wearable device on their wish lists
“We need to be prepared for the risks these devices pose, while also leveraging the benefits. ISACA recommends an ‘embrace and educate’ approach,” he said.