Vision of Internet of Things

IoT describes a splendiferous future: a dynamic and universal network where billions of identifiable “things” (e.g., devices, people, applications, services, etc.) communicating with one another anytime and anywhere; things become context-aware, are able to configure themselves and exchange information, and show “intelligent/cognitive” behaviour when exposed to a new environment and unforeseen circumstances; intelligent decision-making algorithms will enable appropriate rapid responses, revolutionizing the ways business values are generated (Sundmaeker et al., 2010).