the Internet of Things (IoT) is creating a new world — aquantifiable and measurable world — in which people can better manage their lives and companies can better managetheir businesses. This new “smart,” connected world will offerfundamental changes both to society and to consumers and willprofoundly transform entire businesses and industries. The riseof the IoT will create many practical and significant improvementsin our world and our daily lives by helping us make betterdecisions faster with timely,higher‐quality information.