The Internet of Things (IoT) remains largely an amorphous construct with many different meanings to many different constituents. One thing that is clear, however, is that it represents a next generation set of technologies, systems, networks, platforms, devices, solutions and services that will transform virtually every industry vertical. Those industries that are not transformed by IoT are also those that are destined for significant contraction. IoT will also transform consumer lifestyles and lead to a new world of possibilities in terms of how people view virtual objects and interact between virtual and physical assets.