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This paper examines the Internet of Things (IoT) as a critical area of interest to regulatory authorities. Although the IoT technologies are driven by market forces, without facilitation from the regulatory authority IoT rollout would be challenging. IoT is a major trend with enormous possibilities, potential advantages, and side effects. Since regulatory authorities have a key role in customer protection, fostering innovation and growth, the outdated or nonexistent regulatory framework for the IoT could be one of the barriers for the IoT long term growth and avoiding the side effects could be difficult to achieve. |
