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Abstract
The Internet of Things (IoT) is a promising technological advancement that offers several benefits to society and may be effective in addressing sustainability challenges. New digital business models are using the power of information to replace traditional products with innovative solutions and services leveraging IoT technology. The benefits of metaverse applications, smart services in cities with IoT and digital twins are apparent. To realise the true potential of this technology, security and privacy concerns need to be effectively addressed. Ethically aligned design of autonomous and intelligent systems with IoT components is a necessity for human well-being and to develop trust in these applications and services. In addition to self-regulation, a structured and well-defined policy for technology governance of IoT deployments is necessary to establish trustworthy smart services. This paper discusses the potential of IoT applications in digital twins, the futuristic metaverse and smart cities. It highlights how IoT implementations are addressing the UN's sustainable development goals (SDGs), the emerging security and privacy concerns with IoT, and how emerging global standards and policies are useful in addressing IoT's trustworthiness related challenges for creating sustainable, trusted metaverse and smart society.
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Author's Biography
Abhik Chaudhuri is a Chevening fellow (UK) in cyber policy and author of the award-winning book ‘Internet of Things, for Things and by Things' (Taylor & Francis, US). He is leading the cyber security, privacy, governance and policy initiatives at the Design and Architecture CoE of Tata Consultancy Services. He is pursuing a doctoral programme for executives at the Indian Institute of Management Ranchi. Abhik is providing thought leadership in developing global cyber security, privacy and AI governance standards at ISO/IEC JTC1/SC27 and IEEE SA. He is an expert member of ITU's U4SSC and the Policy Task Force for Technology Governance at World Economic Forum led G20 Global Smart Cities Alliance.
Ambuj Anand is Assistant Professor of Information Systems and Business Analytics at the Indian Institute of Management Ranchi. He researches on e-governance and delivers training and consulting in strategic planning of information systems, e-governance and impact assessment of IT projects. He is a life member of the Computer Society of India.