Cybersecurity: an enabling technology for the diversification of strategic business areas

Updated: Nov 20, 2018

It would be obvious to state that cybersecurity is one of the main concerns organizations and entities must face these days. An idea of the dimensions of the issue is provided by sector studies that indicate that the market for solutions in this area will grow from the current 153,700 million dollars to close to 250,000 million in 2023.

Protecting information has always been a necessity, but in the hyperconnected world in which we live, the task has become complex and absolutely pressing. We are fully immersed in the fourth industrial revolution, driven by technologies such as the Internet of Things (IoT). It is estimated that by 2020 there will be 26 billion connected devices, exchanging information permanently. Our lives and our businesses increasingly depend on us being able to prevent information leaks, intrusions or cyber-attacks.

The security of our systems and the information being exchanged is not only relevant for the proper protection of organizations, but is also key for consumer and user´s personal data being processed continously by devices in their home or in their day-to-day activities in life. In this scenario the keyword is "trust". If people are not sure how their information is collected and processed they simply will not share it.

Answering this problem is one of the objectives of the GHOST Project. This European R&D initiative seeks to gain user confidence through the development of easy-to-use applications that guarantee security in the Digital Home connected to the Internet of Things.

When we talk about the Digital Home, we enter a particularly sensitive area in which personal data and privacy are of utmost concern and where the security requirements must be the tallest order. A terrain in which, in addition, the legal requirements have taken an important step forward with the new legislation promoted by the European Union.

Televes is a company that has placed its 60 years of experience in developing technologies for telecom infrastructures in buildings and homes towards diversification of new business areas, including e-health services at home. These are solutions based on artificial intelligence and IoT that collect multiplicity of data from users. With this information, the systems are capable of learning and recognizing the habits of each person, to identify potential risk situations or generate alarms that allow the implementation of healthcare protocols, thus developing a safe environment at home for the elderly or people with dependencies.

One of the keys to be able to develop these solutions is to guarantee that, from the moment in which the user's data is collected, their security and privacy is guaranteed. In this regard, we can say that it is our experience in a specific cybersecurity project such as GHOST that is allowing us to advance in business areas in which personal data constitute a critical factor.

We have learnt that cybersecurity in IoT environments is not simply a functional need to be applied for a specific project, but should be considered as a strategic area of knowledge development, given its transversal nature.

GHOST Project experience teaches us that the way forward is to develop a standardized ecosystem of security solutions that can be applied to different scenarios in a wide variety of business areas. From this perspective, cybersecurity ceases to be a problem and turns out to be an opportunity for growth, becoming an enabling technology for the development of new transversal projects and access for companies to diversify into new business areas and markets.

Author: Sergio Martin, Communication Manager of Televes

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