The term “Internet of Things” (IoT) means many different things to many different people. But for most, IoT describes the broad deployment of low-cost sensors and computing power to capture big data and to enable smart thermostats or add functionality to connected vehicles.

There’s significant value in these applications, but an emphasis on very simple sensors is constraining and tends to limit people’s concept of what’s possible with the combination of the IoT components – sensors, data, computation, and algorithms.