IoT’s Significance? In a word: Context
The fundamental value of Internet of Things is its ability to provide context. When connected to the Internet, a lifeless object becomes an object with an activity stream.
Connecting the previously unconnected creates context by establishing the object as a platform.
This is where our definition of context expands. Apple did this to the mobile phone when it transformed the phone from a calling and SMS tool to a full-fledged application platform. Now imagine your car as a platform; as a living and evolving hub of activity, applications, interactions, data input and output, highly customized and customizable to both your solicited and unsolicited requests and behaviors. In this (not-so-far-off) state, what was once lifeless now creates context in multiple dimensions, for the manufacturer, the consumer, and potentially a host of others in its ecosystem.