The World Economic Forum and the Council on the Connected World published theState of the Connected World 2023report exploring governance gaps related to the internet of things (IoT). The report outlines the findings of a survey conducted with 271 experts worldwide to understand the state of IoT affairs. The COVID-19 pandemic has increased IoT demand in health, manufacturing, and consumer IoT. However, there is a lack of confidence when it comes to matters such as privacy and security.

Two main governance gaps are identified: (1) a lack of governmental regulation and implementation of industry standards and (2) IoT users are more susceptible to cyber threats and cyberattacks.

One recommendation is for businesses and governments to develop and implement practices to improve privacy and security and create a more inclusive and accessible IoT ecosystem. The need to improve equal access to technology and its benefits is also underscored.