Final answer:
The statement is false. Many manufacturing firms have implemented IoT technologies, despite the security risks. Firms prioritize cybersecurity and implement measures to mitigate the risk of hacking.
Step-by-step explanation:
The statement that there is no way a manufacturing firm would implement an Internet of Things (IoT) because of the risk of hacking is False. While it is true that there are security risks associated with IoT, many manufacturing firms have already implemented IoT technologies. They have taken measures to mitigate the risk of hacking by implementing robust security protocols and encryption methods.
For example, manufacturing firms use IoT to enable predictive maintenance of machines, improve supply chain management, and optimize production processes. These technologies provide valuable data and insights that help manufacturers streamline their operations and improve efficiency.
However, it is important for manufacturing firms to prioritize cybersecurity and implement best practices to ensure the security of their IoT systems. This includes regularly updating software, using strong encryption methods, and implementing multi-factor authentication.