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Daily Dashboard | Internet of Things More Reality than Fiction Related reading: CFPB releases Consumer Protection Principles on financial data sharing


A new McKinsey consultancy report suggests that the "Internet of things" is closer than ever to becoming a reality, The Guardian reports. The system would see everyday objects like shoes and food become capable of communicating data about their position, status and location through GPS and RFID systems, the report states. "Pill-shaped micro-cameras already traverse the human digestive tract and send back thousands of images to pinpoint sources of illness," the authors write, describing the potential benefits of the Internet of things. But they acknowledge the downsides, as well, saying that companies working on such technological advances must consider privacy, security and data protection concerns.
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