President Trump’s Potential Impact on The Internet of Things
With all of the controversy surrounding the election of Donald Trump for America’s highest position of office, there has been a lot of talk about how the president-elect could impact business in the United States. While many commentators have focused on the potential jobs that could come back to the country, few have looked at how Trump might impact new and emerging industries, such as the one that has built up around the Internet of Things.
Connected devices and the networks that support them could be directly impacted by the policies that Trump proposed during his campaign run, and here are three key areas that are most likely to be affected.
Information Security in Cyberspace Will Become a Government Priority
Trump’s government may well be good news for cybersecurity in government departments. The president-elect promised many times to review the cyber defenses in place throughout the government, and even create new training initiatives to ensure that all government employees have an appropriate understanding of information security in the age of IoT.
Business and Consumer Privacy May be Reduced
Trump is known to be in support of the NSA and domestic espionage, providing it is carried out with the blessing of the courts. While the current administration has tried to tread carefully when it comes to privacy, Trump could be less sensitive, as shown by his calls to boycott Apple Inc. for not co-operating with the FBI in recent months.
Electronic Costs Could Rise
Trump has made a big deal about bringing jobs back to the United States. Currently, the majority of all consumer and enterprise electronics are manufactured outside of the United States. If the new president follows through with his plans to enforce heavy tariffs on electronic goods made overseas, the prices of devices will certainly rise. Even if manufacturers choose to bring their operations back to the United States, the cost of investment in infrastructure, technology, and labor, will mean that end user costs are more than what we pay today.
Although the incoming administration has promised to invest in infrastructure to make manufacturing in the US more attractive than outsourcing, it is estimated that it would take $1 trillion in investment, over a period of a decade, for the United States to even match the level that East Asia is at today. In 2016, China alone spent more than $1.4 trillion on manufacturing related infrastructure, which means that the United States has a hard road ahead if it wants to catch up.