With the Internet of Things, there are currently several billion objects and devices connected to the internet, and this number is predicted to grow to the tens of billions in the next five years. The Internet of Things (IoT) enables the blending of the physical and digital realms. It is expanding the reach of information technology and unlocking a vast array of opportunities for growth, change, and disruption. The ability to digitally monitor and control things in the real world has created a surge of innovation in both business and consumer fields. With the sheer amount of data that is collected by IoT applications and devices, one of the major concerns around IoT technology is that of security and privacy. When looking at how to unlock the value of IoT in business, one must also not lose sight of the human element.