Consumers want more IoT regulation

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A demand for more regulation may seem counterintuitive in today’s world and yet that’s exactly what consumers who understand IoT technologies want, according to a new study from Market Strategies International.

IoT regulation

The study identified two distinct groups: the IoT “Haves” and the IoT “Have Nots.” The Haves are defined as people who have worked with IoT technologies in their workplace, whether in an office, home office, retail space, factory or other work setting. They comprise one in 10 US workers. The Have Nots, on the other hand, have not had exposure to IoT technologies at work.

The study revealed clear attitudinal and behavioral differences between these two groups when it comes to desire for and concerns about IoT, but the most striking difference is that IoT Haves and Have Nots disagree on whether the government should regulate connected technologies.

“We expected the Have Nots to agree that the US government should regulate IoT, given their limited understanding of and experience with IoT, but it was the exact opposite. Surprisingly, the Haves are twice as likely to agree that the US government should regulate IoT,” said Erin Leedy, senior vice president of the Technology Research division at Market Strategies.

IoT regulation

Leedy added, “We believe these workers have already seen the massive potential of the IoT and recognize that the risks—data security, privacy and environmental—are very real and merit the government getting involved to set some guardrails.”