The fundamental notion of the Internet of Things (IoT) is startling as one considers the disruptive implications of tens of billions of connected sensors and devices sending and receiving vast quantities of data across networks. Harnessing IoT data and turning it into useful applications represents an enormous opportunity for stakeholders who can extract real value for customers.

In the energy sector, utilities already leverage data from sophisticated connected devices, such as smart meters and smart thermostats, in order to operate the grid more efficiently and help customers reduce consumption.