Cybersecurity and IoT company WISeKey announced on Wednesday (Oct. 19) that its new platform called WISeAI – a problem-solving Artificial Intelligence (“AI”) solution – will be integrated into the company’s existing Vertical Platform.
The WISeKey Vertical Platform enables IoT devices to organize themselves into trusted networks based on criteria such as mutual authentication, identity and integrity. Only devices that can provide a recognized identity and a valid integrity report are able to communicate with other peer devices that reside on the cybersecurity platform.
“The combination of IoT Cybersecurity technologies developed by WISekey with Artificial Intelligence solutions are a game changer in our industry. This new platform opens up many possibilities for improving the overall security functionalities and creating new business processes by taking advantage of the world of digital identification at the object level, which once combined with big-data allows us to gather and process all available information and generate actionable insights,” Carlos Moreira, founder and CEO of WISeKey, said in a statement.
By incorporating artificial intelligence at the chip level, together with the WISeKey Root of Trust, authenticated sensor data for IoT can be provided. The integration of AI into the WISekey RoT and Vertical Platform, will allows object to develop their own cybersecurity behavior and hopefully make smarter and safer decisions as a result, the company noted.
“The ability to authenticate and remotely manage millions of networked, automated devices and equipment is becoming pervasive − from factory floors, to hospital operating rooms, to residential homes – including billions of objects and devices from refrigerators, watches, wearables to wine bottles – everything that can connect and communicate via the Internet,” WISeKey stated.
According to a recent study by Markets and Markets, the IoT security market is expected to see an annual growth rate of 35 percent, rising from $6.89 billion in 2015 to nearly $29 billion by 2020.
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