According to AMR Research, U.S. companies alone were projected to invest $29.8 billion on mitigating risk in 2010. With emerging regulations and growing information security concerns, this figure will undoubtedly grow each year.
Product manufacturers planning their connected product strategies need to ensure that the technology features, in combination with their own security policies and procedures, make it easier to minimize risk and manage compliance with SOX, HIPAA, 21 CFR Part 11, and other regulations, without adding to this investment.
By understanding and documenting support for information security and compliance requirements, Axeda helps product manufacturers reduce their own compliance costs while helping them to meet their end-customers’ need to adhere to compliance requirements and document these efforts.
Successfully deployed in thousands of customer locations, the Axeda M2M Cloud Service meets the most stringent security requirements of manufacturers and end-customers so that they can achieve broad adoption and maximum use of connected products — instilling confidence that their connections are secure and private.
While there is no silver bullet to satisfy all the various regulations, you can help your customers manage the compliance process with trusted Axeda security and policy management capabilities that:
- Support the security capabilities within the current network security model
- Protect information as it traverses the network
- Control user access
- Audit and track access and activity
- Provide flexibility and control to enforce business policies
