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The Internet of Things (IoT) is an ecosystem of ever-increasing complexity; it is the next level of automation of every object in our life and convergence of new technologies will make IoT implementation much easier and faster, which in turn will improve many aspects of our life at home and at work and in between. From refrigerators to parking spaces to smart houses, IoT is bringing more and more things into the digital fold every day, which will likely make IoT a multi-trillion dollar industry in the near future. One possible outcome in the near future is the introduction of “IoT as a Service” technology. If that service offered and used the same way we use other flavors of “as a service” technologies today the possibilities of applications in real life will be unlimited. But we have a long way to achieving that dream; we need to overcome many obstacles and barriers at many fronts before we can see the benefits of such technology.
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