Tractors, machinery, medical devices or household appliances: Equipped with sensors and network connectivity, physical objects will turn into “smart things”. This evolutional progress will affect every aspect of modern societies and economies around the world. Embedding intelligence into “things” will create knowledge, which will eventually become even more valuable than producing goods. Intelligent objects will make life more easy and efficient.
Even today, the Internet of things (IoT) enables new ways of managing and monitoring processes for companies, organisations and governments. It also allows private households new ways of managing everday duties.