After receiving her Ph.D., Professor Stephanie Jernigan worked in warehouse logistics consulting before joining the strategic planning department of Norfolk Southern. There she developed optimization-based decision-support tools and discovered that she really likes freight trains. After moving to Massachusetts she spent two years as a research associate at the Center for Transportation and Logistics at MIT, where she investigated ways to lower the carbon footprint of multinational supply chains and means of assessing supply chain risk in new product launches.
She joined the CSOM faculty in 2011 and is passionate about introducing students to how operations is used in the business world. She teaches Statistics, Math for Management, Operations Management, and Risk Analysis and Simulation. The most important thing students get from her classes is confidence that they can solve real-world problems, and her classes emphasize “learning-by-doing.”
The potential of the Internet of Things is fueling interest (and hype) all across media and industry. But we aren’t ready. The Internet of Things will change the way markets and businesses work — and it could get messy. This session will report on the findings from a global research study at MIT Sloan Management Review on IoT. The study found that IoT is particularly valuable when combined with strong analytics capabilities; organizations with strong analytical foundations are three times more likely to get value from IoT than those with weaker analytics capabilities.
But because data is valuable, we need to be ready for people to want to take it.
The IoT context intensifies the need for security. For example, physical control of devices make attacks easier. But beyond these, more insidious attacks might be ones that we don’t notice, as poisoned data streams may be difficult to discern with the volume of data that IoT devices produce. Despite these issues, 76% of the survey’s respondents don’t feel they need to improve their sensor data security and 68% don’t feel they need to improve their overall data security.
In this session, one of the study’s authors and researchers, discusses the study’s results, explaining how organizations gain value from IoT, the current global perspective on IoT security, why protecting your organization against the IoT is a complex endeavor but on that must be undertaken.