Mark Radcliffe authored this article in the January issue of Thomson Reuters' Practice Innovations. Here is an excerpt:
Just as IoT brings new business opportunities, it raises new legal issues. For example, if a "connected car" is in an accident while in autonomous mode, who is responsible: the developer of the navigation software, the car manufacturer that installed navigational software, the mapmaker whose map potentially was incorrect, or the user? The answers to these issues are open. IoT will also greatly increase the amount and value of data, but the ownership and legal protection for data remains very uncertain.
Although some of the new legal issues raised by IoT will be unique to certain industries, such as privacy in healthcare, a number of legal issues will be important across all IoT industries. They include privacy, cybersecurity, data use, and software licensing.