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Many people say data is an asset but ‘ infonomics ’ takes this one step further by actually valuing it and treating it as one . Whilst many businesses already plan to sell the data collected by their products and services , infonomics stresses how we should see data as a strategic business asset that should be recorded in company accounts . Recognising this value , George Slawek , CEO of Cyberus Labs ,

says that security is pivotal . “ As the number of IoT devices grows exponentially so does the need to create ‘ self-healing ’ systems for device maintenance and replacement using accurate and real-time device data ,” he says . “ Monetisation and cybersecurity become two sides of the same coin .”

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