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Technologies such as the Internet of Things (IoT) have a profound effect on the software development industry because they enable the interconnection of the physical and virtual world based on interoperable communication technologies. Ultimately, this will result in a very large portion of electronic devices having network connectivity -- and every manufacturer of those devices will then enter the software business.

IoT has also expanded the scope of responsibility into an entirely new category of platforms and services, redefining security needs. Cybersecurity vulnerabilities are problematic in any situation, but IoT applications often power critical machines such as automobiles, healthcare devices, manufacturing equipment and much more, so safety can become an issue if security is compromised.